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Technical Analysis Reports

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Nikkei 225 to break 15500; made three attempts to break higher

24/07/2014 09:22

Nikkei 225 index remained trapped in a tight range, roughly around 15300, whilst moving down to the key support of 15020 and up to 15500. Over the last couple of months, the index has moved aggressive »

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NZD/USD levels to watch ahead of RBNZ Policy Meeting

23/07/2014 06:39

The New Zealand dollar is looking pretty strong against the US dollar ahead of the RBNZ Policy meeting. The market expects the Reserve Bank of New Zealand to increase the Official Cash Rate (OCR) by 0 »

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Gold & German DAX IntraDay

22/07/2014 10:02

We see US stocks indices in bullish mode so looking down on gold makes sense based on the latest negative correlation. Metal has turned nicely down from 1324 at the end of last week and then continued »

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Are USD/TRY Bulls Back?

22/07/2014 08:12

The US dollar is continuing to grind higher against the Turkish lira the last couple of months, although it is still struggling to break back above the strong resistance zone of 2.1565 – 2.1715. »

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AUD/JPY Going to Rally!

21/07/2014 15:22

AUD/JPY currency pair is rebounding from major diagonal support on a daily basis. We can clearly see the quotes rebounding from 94.40 and this combined with the strong bullish candle is a signal for f »

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GBP/AUD forming a 'Flag'!

18/07/2014 16:56

It seems like the GBP/AUD currency cross is finishing a flag formation and today’s daily price action suggests fr continuation of the bearish trend. We can clearly see the range/bullish channel »

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Elliott Wave Intraday Swings For EURUSD & German DAX

17/07/2014 11:04

Below we have the EURUSD which is also in a fourth wave that may found resistance around 1.3550/1.3560 area. Be aware of a new leg down from there into wave v of iii). Invalidation level is around 1.3 »

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WTI Crude oil well supported, attempting 105.00

17/07/2014 09:21

WTI Crude oil found strong support at the 98.80 level and rebounded higher moving aggressively above the 101.55 level. In addition, crude oil managed to move above the 200-period moving average on the »

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USD/CHF Rallying Up!

16/07/2014 16:57

USD/CHF currency pair is trading in a bullish channel formation and the quotes have confirmed the horizontal support located around 0.8920. From technical point of view the quotes have confirmed a fla »

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Gold reverse and falls below $1332

15/07/2014 08:48

The yellow metal collapsed during Monday’s trading session marking the biggest one-day drop for a nearby futures contract since December 2013. Gold plunged 2.5% to 1303 an ounce. The metal is ed »

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EUR/USD rebounds from resistance once again!

14/07/2014 19:09

From one of our prior articles we have talked about the EURUSD trend and currently we see a signal for confirmation of the bearish bias for the cross. The price has rebounded for a fourth time of the »

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AUD/USD Going Down

11/07/2014 16:18

For our today analysis we have chosen to present you the AUD/USD currency cross. We can clearly see that the price has been forming a bearish channel formation and based on the price action there is h »

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Weak AUD or Strong CAD

10/07/2014 08:33

The Australian dollar fell against the Canadian dollar after official data showed the unemployment rate in Australia rose more than expected, to 6.0% in June. This morning’s sell-off came follow »

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EUR/USD Daily Overview

09/07/2014 17:08

For our today analysis we have chosen to present the EUR/USD currency pair. What we can see is that on a daily basis the price is trying to build a bearish channel formation and as long as the quotes »

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FTSE MIB Ready For Pullback

08/07/2014 06:33

FTSE MIB fell sharply after posting an all-time high at 22570, as the bulls were unable to hold onto the gains above the key support level of 21900. However, the index is still in a clearly defined up »

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Strong bearish wave for EUR/NOK!

07/07/2014 16:34

For our today’s article we have chosen to present the EUR/NOK currency pair because the cross presents very strong technical patterns for bearish wave coming on the way. As we all know the bigge »

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Could US CPI Drive Gold Higher?

05/07/2014 19:52

Could US CPI Drive Gold Higher? Since 2008, we have seen evidence of a consistent economic recovery both in the US and around the world.  These positive trends have some drastic implications for »

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AUD/JPY presents strong bullish opportunity!

02/07/2014 16:16

For this article we have chosen to present you an analysis based on the daily AUD/JPY chart. We have chosen this particular pair because there is an opportunity for a big trendy move. Looking at the d »

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DJIA still in bullish bias!

30/06/2014 15:23

On a daily basis the Dow Jones Industrial Average has formed a very well structured bullish channel and as long as the quotes are trading above the support located at 16750 we expect the up movement t »

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NZD/JPY presents Opportunity!

24/06/2014 08:30

NZD/JPY currency cross is hitting solid daily resistance and based on the price action we expect a bearish push to be coming on the way.  Fundamentally last night Kuroda kept the enthusiasm high »

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EUR/USD well supported, attempting the 1.3675 and 1.3780 hurdles

19/06/2014 09:04

The single currency has risen for a second consecutive day against the US dollar, after rebounding from the key support level of 1.3500 (S1). Currently, the euro is trading close to a weekly high, sli »

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The Japanese Yen's Surprising Stall

17/06/2014 13:53

  • Economic Situation More Palatable For Policy Makers
  • Japan Faces a minor impediement
  • Tensions Sour Relations Between Major Economies

The Japanese Yen’s purported demise coming into 2014 has yet to play out writes Christopher Vecchio, DailyFX Analyst. Even as global equity markets around the world streak to fresh all-time »

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Gold under Pressure Ahead of FOMC Meeting

17/06/2014 09:08

The precious metal has fallen for a second day retreating from a 3 week-high, with the bulls finding a temporary support at the 1263 (S1) level. The yellow metal slipped -0.98% (XAU/USD) after most As »

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EURO Confirms Bullish Bias!

16/06/2014 19:20

EUR/USD currency pair is confirming the bullish rebound on a daily basis. Last week we saw quotes dropping down close to the 1.3500 major horizontal support. However, the support halted the move and c »

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DJIA close to important support!

13/06/2014 16:38

Today’s article would be devoted to Dow Jones Industrial Average and the technical situation on the 4h chart.  Last week we saw a new all-time high for the index after good NFP report from »

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Brent Crude Oil Squeezed in a Triangle Formation

12/06/2014 09:32

The Brent Crude Oil has been trading in a symmetrical triangle formation since April 2012, following the aggressive sell-off in early part of 2012. However, the commodity remains stuck in a range the »

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EUR/USD Bullish Opportunity!

11/06/2014 16:02

We devote our today analysis on the EUR/USD currency pair due to an opportunity which we see the chart is providing.  First of all we would like to point that the European Central Bank lowered i »

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GBP/USD well supported, attempting the 1.6845 hurdle

10/06/2014 07:16

GBP/USD moved higher during the early European morning session, while remaining in the downward sloping channel as you can see on the 4-hour chart. This channel, can be translated as a flag formation »

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GBP/USD Daily Overview

09/06/2014 14:42

Daily Overview of GBP/USD currency cross: The pair has been trading in a bullish channel like structure for the last couple of months but recently the quotes have dropped and broke the main diagonal »

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Basics of Online Options Trading

06/06/2014 10:39

Basics of Online Options Trading In recent years, positive trends in consumer credit activities have helped create major shifts in the tendency to place retail investment trades online, rather than o »

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Markets Morning Report

05/06/2014 08:09

05/06/2014: The calm before the storm as traders wait on ECB day

 

  • Despite very slight new all-time highs on Wall Street, European trading is very flat as traders sit on their hands ahead of the ECB
  • Slight dollar weaknes as the yen starts to gain once more
  • Watch for ECB rates and Draghi's press conference, Bank of England rates and Weekly Jobless Claims

Market Overview So finally the day arrives that the markets have seemingly spent much of the past fortnight waiting for. The ECB today announces its latest monetary policy and hopefully with it, the »

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EUR/USD Key Levels Ahead of ECB

05/06/2014 06:47

The pair remains stuck in a range between 1.3585 (S1) and 1.3650 (R1). Last week we saw a break attempt on both sides but both failed, highlighting the fact that the markets are cautious ahead of the »

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Markets Morning Report

04/06/2014 08:11

04/06/2014: Caution starting to erode equities as the dollar remains in favour

 

  • Equities losing upside momentum as investors become increasingly cautious - Wall Street slightly lower, with Asia markets mixed and European markets opening lower
  • US dollar continues to strengthen against major forex currencies
  • Watch for UK Services PMI, US ISM Non-manufacturing and also the ADP employment report

Market Overview Markets have become increasingly cautious as the week has progressed. This is in front of what could be a potentially profound ECB monetary policy meeting and not forgetting Non-farm »

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GBP/USD Keeps the Downtrend Intact for now Ahead of BoE Meeting

03/06/2014 08:45

The Sterling is looking quite bearish against the dollar following the aggressive sell-off a week ago after the disappointing UK mortgage data in April. Technically speaking, this enabled the pair to »

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Markets Morning Report

03/06/2014 08:13

03/06/2014: Traders option for caution ahead of the crucial Eurozone flash CPI

 

  • Chinese services PMI at a 6 month high, whilst the RBA keeps rates on hold in Australia
  • Wall Street creeps to another all time high, helping Asian markets higher, but caution the more taking over European trading
  • Watch out for the Eurozone Flash CPI at 10:00BST

  Market Overview Yet another closing high on Wall Street last night (albeit only slight gains) has encouraged traders in Asia once again. The Nikkei 225 was also buoyed once again by the susta »

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Markets Morning Report

02/06/2014 09:45

02/06/2014: Chinese manufacturing data boosts indices, with the dollar bulls in early control

 

  • China official Manufacuring PMI beats expectations qith equity markets reacting positively
  • Dollar bulls are fighting back today after Friday's correction
  • Gold remains under pressure
  • Watch for Manufacturing PMIs throughout the day

Market Overview Sentiment already buoyed by Wall Street closing at record highs on Friday was given a further boost over the weekend with the announcement of better than expected Chinese manufacturin »

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Markets Morning Report

30/05/2014 08:17

30/05/2014: Another cautious day beckons as the month draws to a quiet close

 

  • Wall Street closes at another all time high leading to gains in Asia. European markets are starting with a cautious tone.
  • Dollar Index beginning to fall away as Sterling recovers and yen continues to strengthen again.
  • Watch for Canadian GDP and Michigan sentiment this afternoon

Market Overview Wall Street posted new all-time highs once more yesterday, despite the disappointing GDP revision for the first quarter. These new highs helped Asian markets to post gains overnight. »

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Markets Morning Report

29/05/2014 08:15

29/05/2014: Equity markets still cautious as US dollar and Treasuries break key levels

 

  • Equity markets continue to struggle to make big ground, held back by the preference of US Treasuries
  • Dollar Index breaks out but is showing a slight retracement today
  • Watch for US GDP, weekly jobless claims and Pending Home Sales

Market Overview Following a day light on economic data, equity markets remain very cautious as Wall Street indices closed lower across the board. The apprehension filtering through to Asian markets w »

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EUR/JPY Trading in a Triangle Formation on the Daily Chart

27/05/2014 08:55

The euro has risen for a fifth day out of the last six versus the Japanese yen, after rebounding from the key support level of 138.15 (S1), ahead of some significant data out of the Eurozone and Japan »

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Markets Morning Report

23/05/2014 08:12

23/05/2014: Trading is cautious once again as the bank holiday weekend approaches

 

  • Wall Street struggles to gain momenutm, leaving Asian markets mixed and European trading also very cautious
  • Euopean elections and a flare up in tensions in Ukraine are also seeing forex markets uncertain
  • Watch for German Ifo, Canadian GDP and US New Home Sales

Market Overview Wall Street failed to really capitalise on a strong previous session and closed with only minor gains yesterday. The VIX index is now becoming something to keep an eye on as although »

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Markets Morning Report

22/05/2014 08:15

22/05/2014: A dovish Fed and positive Chinese manufacturing sees investor sentiment improve


  • Wall Street and Asian markets wpositive overnight with European indices also showing gains after dovish FOMC meeting minutes and Chinese flash PMI jumps to a five month high.
  • Forex trading shows slight dollar strength today with the exception of a stronger Aussie
  • Watch for teh Eurozone PMIs, a second reading of UK GDP and US wekly jobless claims

Market Overview Investor sentiment has taken a double shot in the arm overnight as first a dovish set of Fed meeting minutes was followed up by the improved  HSBC China manufacturing PMI data. W »

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Markets Morning Report

21/05/2014 08:08

21/05/2014: Confidence in equities continues to ebb away as the yen strengthens on BoJ

 

  • Wall Street decline and Asian caution leads to early weakness in European trading
  • Bank of Japan stands pat which has strengthened the yen in early European trading
  • Watch for BoE and FOMC meeting minutes, plu UK retail sales

  Market Overview With US treasury yields continuing to fall away, a disappointing close on Wall Street which saw the Dow Jones Industrial Average, S&P 50 and NASDAQ all in decline was driven b »

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Markets Morning Report

20/05/2014 08:36

20/05/2014: Markets continue to consolidate, with an eye on UK inflation

 

  • Consolidation takes hold of the markets with little economic data to drive
  • Equity markets trading flat today despite gains on Wall Street
  • Forex trading is also fairly mixed today, although Sterling is firmer ahead of UK inflation today

Market Overview There was another day of light gains on Wall Street which also came with light volume. This gave Asian markets a slightly positive outlook, despite the declaration of martial law in B »

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DAX 4h Overview

16/05/2014 14:14

DAX is rebounding from major horizontal support level on an hourly basis and from technical point of view we expect the bulls to continue pushing. Today is the last trading day of the week but the sol »

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Markets Morning Report

16/05/2014 08:10

16/05/2014: Markets looking relatively calm after yesterday’s reversal, but can it last?

 

  • Bond markets increasingly being looked at for clues on market direction
  • Equity markets showing only minor losses in early trading, while forex pairs are also fairly calm with only the Aussie and Kiwi dollars showing slight losses
  • Focus on US housing data and Michigan sentiment

Market Overview Markets had a huge reversal of sentiment yesterday as disappointing growth numbers in Europe was followed by a weaker than expected housing market index in the US. Positive weekly job »

Markets Morning Report

15/05/2014 08:09

Morning Report: Traders are cautious ahead of key Eurozone and US inflation data

 

  • Investor sentiment takes a step back as bond yields continue to fall away
  • European equities are mixed at the open, with FTSE 100 breaking to a 14 year high
  • Forex trading shows the dollar strengthening as European trading takes over
  • Watch for European GDP data throughout the morning, with Eurozone CPI and US CPI both being in focus.

Market Overview Investor sentiment retreated yesterday with Wall Street indices pulling back from their all-time highs with the S&P 500 around half a percent lower, and the VIX index of volatility pu »

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Markets Morning Report

13/05/2014 08:16

13/05/2014:  Indices breaking to new high ground as investors look past the geopolitics

 

  • Wall Street closing at all time highs, helping Asia higher, with European markets als positive
  • Positive sentiment in forex also as major pairs trade higher, only exception being the weaker Aussie dollar
  • Watch for German ZEW Economic Sentiment and US Retail Sales

  Market Overview Almost in a manner just to confirm that equity markets are now in apparent denial of any interest in geopolitical events in Ukraine, Wall Street markets closed at all time hig »

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WTI made three attempts to break higher

13/05/2014 07:19

We are seeing a bit of recovery in the WTI in the last couple of days, following an aggressive sell off from 14 April to 29 April when the price fell from 105.00 to 99.80. The price rebounded from the »

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Markets Morning Report

12/05/2014 08:09

12/05/2014: Traders start the week with a positive outlook despite divisive Ukrainian vote

 

  • Traders currently taking the vote for independence in Donetsk in their stride
  • Improved risk appetite in forex pairs with equity markets also higher
  • No major economic data due

  Market Overview Once more on Friday, Wall Street managed to eek out very minor gains to push indices higher, but the tentative nature of trading suggests caution still remains. The geopolitic »

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Markets Morning Report

09/05/2014 08:12

09/05/2014: Trading sentiment once more cautious as divisive referendum in Ukraine approaches

 

  • Selling pressure on the Euro continues after Draghi's dovish comments yesterday
  • Investors seem cautious ahead of what could be a crucial referendum in eastern Ukraine appears set to go ahead
  • Watch for UK Manufacturing Production

  Market Overview Wall Street posted a subdued close last night with concerns that Putin’s apparent pullback on rhetoric will not be enough to stop a referendum in eastern Ukraine from ta »

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Markets Morning Report

08/05/2014 08:11

08/05/2014: Traders to focus on whether Draghi can jawbone the Euro lower

 

  • Investor sentiment has improved with supportive comments from Yellen, calming comments from Putin and positive Chinese trade data
  • US dollar is under a bit of pressure again this morning, whilst European stock markets are showing slight gains
  • Focus will be on Mario Draghi's press conference this afternoon, with the Bank of England rates and weekly jobless claims also on the agenda

  Market Overview A series of positive key macro news has given investor sentiment a lift in the past 24 hours, with supportive comments from Janet Yellen, a conciliatory tone from Putin and un »

Markets Morning Report

07/05/2014 09:11

07/05/2014: Janet Yellen back in the spotlight as flight to safety grips investors once more

 

  • Japanese yen continues to strengthen amid a flight to safety
  • European equities open just under half a per cent lower
  • Watch for Janet Yellen's testimony today at 15:00BST

Market Overview The prospect of all out civil war in Ukraine appears to be growing ever more possible by the day now and investors looked to lock in profits on Wall Street last night. This attitude o »

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Markets Morning Report

06/05/2014 08:13

06/05/2014: The dollar is once again under pressure as stocks show minor gains

 

  • The Dollar is under pressure once more this morning with Euro and Sterling making good gains
  • Equity markets flat to slightly higher
  • Watch for Services PMIs from the Eurozone and UK, along with the US trade balance.

  Market Overview After the jump in Non-farm Payrolls on Friday, investors on Wall Street were yesterday able to put aside the concerning aspects of the payrolls report (lack of progress in hou »

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Markets Morning Report

02/05/2014 08:09

02/05/2014: Traditional consolidation takes over as traders wait for the Payrolls data

 

  • Slight dollar strength in front of crucial Non-farm Payrolls
  • Equity markets with a slight negative bias, but basically consolidating
  • Watch for EUrozone PMIs, UK Construction PMI and Non-farm Payrolls

  Market Overview Once more there has been a mixed trading session in Asia, after trading on Wall Street gave very little steer. The Nikkei  traded slightly lower, despite the slight weakn »

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Markets Morning Report

01/05/2014 08:10

01/05/2014: Traders turn to PMIs with markets still choppy and data driven

 

  • Dollar remains weaker as risk appetite improves, Euro and Sterling driving higher. Gold and silver under pressure again
  • FTSE 100 slightly higher, DAX and CAC closed.
  • Many markets closed for May Day

  Market Overview Last night saw a record close on the Dow Jones Industrial Average as investors put aside the disappointment of the weaker than expected (and backward looking) US GDP data to l »

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Markets Morning Report

30/04/2014 08:07

30/04/2014: Yen strength and lower equities suggests caution ahead of a big day of data

 

  • Slight yen strength with the US dollar also slightly positive in forex trading today
  • Equity markets cautious with slight losses
  • Traders appear to be waiting for the huge data releases today with Eurozone inflation, US GDP and FOMC the highlights

  Market Overview With a round of solid gains and another decline in the VIX index of volatility, Wall Street served up a reasonable handover. However Asian markets have been unable to decisive »

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Markets Morning Report

29/04/2014 08:04

29/04/2014: Traders get ready for increased volatility as UK GDP begins a string of key macro announcements

 

  • Euro and Sterling make ground against the Dollar
  • Stock markets pushing higher 
  • Watch for UK GDP in addition to EUrozone and US consumer confidence

  Market Overview The increase in sanctions thrust upon Russian individuals and companies resulted in a cautious session on Wall Street resulted in just tentative gains for the S&P 500. This mo »

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Markets Morning Report

25/04/2014 08:07

25/04/2014: Traders faced with choppy markets as geopolitical events once more take over


  • Tensions in eastern Ukraine escalating as Russia engages in military exercises near the border
  • Equity markets are under pressure again, while forex pairs are broadly flat
  • Watch for UK Retail Sales and University of Michigan consumer sentiment 

 

Market Overview Wall Street endured another struggle into the close last night as tensions in Ukraine continue to drag on markets. Trading in the Asian session was mixed with geopolitical concerns ma »

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Markets Morning Report

24/04/2014 10:00

24/04/2014: Dollar recovery seems to have run out of steam as the yen strengthens

 

  • Wall Street drags, but Apple and Facebook both beat expectations after hours to boost equities.
  • Dollar rally has lost momentum and is now threatening a correction again
  • Watch for German Ifo and weekly jobless claims 

Market Overview After an uninspiring session yesterday, last night’s slightly negative handover from the Wall Street on the back of weaker than expected housing data suggests more of the same t »

Markets Morning Report

23/04/2014 09:09

23/04/2014: Forex and indices flat after Chinese manufacturing slightly better than expected

 

  • Chinese flash Manufacturing PMI slightly improves, Aussive CPI lower than expected
  • European indices flat to slightly lower as investors pause for breath after strong recent moves
  • Watch for BoE meeting minutes, Eurozone flash PMIs and RBNZ rates this evening

Market Overview Wall Street has once again given a positive handover after a sixth consecutive higher close amid a series of strong M&A news from the pharmaceuticals sector. Despite this, Asian marke »

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Markets Morning Report

22/04/2014 08:08

22/04/2014: Traders return from the Easter break with a cautious skew to forex trading

  • Yen regains some ground with the dollar under a bit of pressure early on
  • European markets playing catch-up today
  • US housing data watched


Market Overview Despite the slight gains on Wall Street last night, driven by positive results for Netflix, Asian trading was extremely cautious overnight with a mixture of flat to slight losses. The »

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Markets Morning Report

15/04/2014 08:13

15/04/2014: Dollar continues to improve with focus turning to inflation data, as equities find some support

 

  • US Dollar making gains against the Euro and Sterling today
  • Equity markets slightly weaker in early trading
  • Forex trading to be impacted by the CPI data from the UK and US today
  • Asian markets mixed ahead of the crucial Chinese growth data overnight tonight

Market Overview Investors were given some respite from the recent selling pressure on Wall Street as a minor recovery was seen yesterday. US retail sales of +1.1% for March was the strongest month on »

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Markets Morning Report

14/04/2014 08:24

14/04/2014: Geopolitical tensions in Ukraine threaten a flight to safety once more with the dollar finding support.

 

  • Tensions in the Ukraine mounting once more
  • Dollar is beginning to find support and break its trending sell-off against major currencies
  • Equities markes continue to decline
  • Watch for: US Retail Sales (13:30BST)

Market Overview After yet more losses on Wall Street on Friday, Asian markets were mixed on Monday. The S&P 500 lost almost another per cent with weak results from JP Morgan, the first of the big ban »

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Hantec Markets Morning Report

11/04/2014 08:02

11/04/2014: Weakness on Wall Street is a concern, while the dollar shows tentative signs of support

  • Equities remain under significant pressure
  • US dollar is showing signs of support
  • No major data this morning until University of Michigan sentiment at 14:55BST

Market Overview The significant sell-off on Wall Street yesterday does not bode well for risk appetite for the European session. The S&P 500 fell over 2%, while a 3.1% decline on the NASDAQ was its b »

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Trading outlook ahead of the US session

10/04/2014 12:31

  • Dollar remains under pressure
  • Euro/Dollar and Cable are now buys into weakness
  • Indices are fluctuating today but should still be medium term buys.

It has been a mixed morning for the US dollar as traders look to re-assess following the Fed meeting minutes yesterday evening. Whilst it remains weak against the euro, the yen, Swiss franc and Aussie »

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Euro/Dollar outlook

10/04/2014 10:11

  • A big turnaround for the Euro in recent days
  • Dollar weakens on Fed minutes.
  • STRATEGY: Look to buy a correction into the support band $1.3820/$1.3835

The outlook for the Euro has now changed from one where rallies were being sold into, to now be one where the rate is advancing on a near to medium term basis. EUR/USD has continued to significantly i »

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Video Analysis: GOLD - Big Moves Yesterday

05/12/2013 08:05

Reversal pattern in Gold this week, signals a short term recovery to unwind oversold stochastic.... »

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Video Analysis: Cable Drops Below 2.5yr Trend Line

21/11/2013 10:26

GBP/USD analysed by Jason Sen, as cable drops below the 2 & a half year trend line as expected & should start to trend lower. »

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Elongated Flats

19/11/2013 19:43

- early signs of triangular consolidation - Under the corrective waves, flats are one of the most common types of correction. There are many types of flats (common, irregular, with the c wave failure »

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FXSnip: GBP/AUD To Rise To Buy Target At 1.7500

06/09/2013 07:12

  • GBP/AUD Rises Inside Extended -wave
  • Next Buy Targets At: 1.7500 And 1.8000
  • Long Entries Can Be Protected With The Stop-loss Below 1.7000.

GBP/AUD Rises Inside Extended Ⓒ-wave GBP/AUD continues to rise inside the extended Ⓒ-wave of the primary ABC correction from the start of 2012. This ABC correction follows the clearly formed long »

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FXSnip:AUD/JPY to rise to buy target at 92.70

04/09/2013 08:50

  • AUD/JPY Completes Primary ABC Correction
  • Next Buy Targets At: 92.70 And 97.50
  • Buy Stop-loss Can Be Placed Below 88.50.

AUD/JPY Completes Primary ABC Correction AUD/JPY continues to rise after the recent completion of the primary ABC correction to the predominant uptrend visible on the daily and the weekly charts. The »

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FXSnip: AUD/NZD to fall to 1.1200

02/09/2013 08:53

  • AUD/NZD Completes Minor ABC Correction
  • Next Sell Target At 1.1200
  • Protect Short Entries With The Stop-loss At 1.1600

AUD/NZD Completes Minor ABC Correction AUD/NZD continues to fall in line with the strong long-term downtrend that can be seen on the daily and the weekly AUD/NZD charts. The pair recently corrected d »

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FXSnip:EUR/AUD Reverses From Resistance Level 1.5000

30/08/2013 09:07

  • EUR/AUD Reverses Down From Strong Resistance At 1.5000
  • Next Sell Target At 1.4200
  • Close Sell Stop-loss Can Be Placed Above 1.5000

EUR/AUD Reverses Down From Strong Resistance At 1.5000 EUR/AUD recently reached the target level 1.5000 that was set in our earlier report on this currency pair. Due to the strength of the resistance »

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FXSnip: GBP/CHF to Fall to Sell Target 1.4000

28/08/2013 08:54

  • GBP/CHF Reverses From Strong Resistance Area Near 1.4600
  • Next Sell Target At 1.4000
  • Short Entries Can Be Protected With The Stop-loss Above 1.4600

GBP/CHF Reverses From Strong Resistance Area Near 1.4600 GBP/CHF continues to fall inside the third intermediate impulse wave (3) – In line with the predominant downtrend visible on the daily a »

FXSnip: USD/SGD to rise to 1.2860

26/08/2013 09:07

  • USD/SGD Breaks Minor ABC Correction
  • Next Buy Targets: 1.2860 And 1.3000
  • Buy Stop-loss Can Be Placed Below 1.2760

USD/SGD Breaks Minor ABC Correction USD/SGD continues to rise inside the C-wave of the extended weekly ABC correction from the end of last year. After having recently reached the forecast price 1.280 »

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FXSnip:GBP/JPY Breaks Daily Triangle

23/08/2013 08:28

  • GBP/JPY Breaks Daily Triangle
  • Next Buy Targets: 157.00 And 163.00
  • Strong Support Area Around 147.50

GBP/JPY Breaks Daily Triangle GBP/JPY continues to rise after the recent breakout of the two consecutive resistance levels – the downward sloping resistance trendline of the daily Triangle from »

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FXSnip:CHF/JPY to rise to 107.00

21/08/2013 08:23

  • CHF/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 107.00 And 108.00
  • Strong Support Area Around 104.00

CHF/JPY Rises After Completing Intermediate ABC Correction CHF/JPY continues to rise after the recent completion of the clear intermediate ABC correction. The C-wave of this ABC correction stopped re »

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FXSnip:NZD/JPY Breaks Daily Triangle

19/08/2013 09:00

  • NZD/JPY Breaks Daily Triangle
  • Next Buy Targets: 80.50 And 86.00
  • Strong Support At 76.70

NZD/JPY Breaks Daily Triangle NZD/JPY has just broken up above the resistance trendline of the daily Triangle from April of this year – as you can see on the next NZD/JPY chart below. This Tria »

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EUR/JPY Completes Intermediate ABC Correction

16/08/2013 10:04

  • EUR/JPY Completes Intermediate ABC Correction
  • Next Buy Target At 134.00
  • Protect Long Entries With The Stop-loss Below 128.50

EUR/JPY Completes Intermediate ABC Correction After recently nearly reaching the target level 134.00 that was given in the earlier report on this currency pair – EUR/JPY recently corrected down »

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FXSnip: SGD/JPY to Rise to 80.00

14/08/2013 09:58

  • SGD/JPY Rises After Completing Intermediate ABC Correction
  • Next Buy Targets: 80.00 And 82.5
  • Place Buy Stop-loss Below 75.00

SGD/JPY Rises After Completing Intermediate ABC Correction SGD/JPY continues to rise after the recent completion of the intermediate corrective wave (2) of the currently active third primary impulse »

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FXSnip:EUR/GBP to rise to 0.8750

12/08/2013 08:28

  • EUR/GBP Trades Close To Support Level 0.8600
  • Next Buy Target At 0.8750
  • Buy Stop-loss Can Be Placed Below 0.8600

EUR/GBP Trades Close To Support Level 0.8600 EUR/GBP is currently trading close to the top of the previous congestion zone set between price levels 0.8470 and 0.8600 (which has previously contained t »

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FXSnip: USD/HKD to Fall to 7.7530

09/08/2013 08:58

  • USD/HKD Falls After Completing Primary ABC Correction
  • Next Sell Targets: 7.7530 And 7.7500
  • Sell Stop-loss Can Be Placed Above 7.7600

USD/HKD Falls After Completing Primary ABC Correction USD/HKD continues to fall after the recent reversal from the combined resistance area (encircled on the daily USD/HKD chart below) made out of th »

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USD/JPY to Fall to Sell Target 96.00

07/08/2013 07:40

  • USD/JPY Falls Inside Intermediate ABC Correction
  • Next Sell Targets: 96.00 And 94.00
  • Strong Resistance At 100.00

USD/JPY Falls Inside Intermediate ABC Correction USD/JPY continues to fall within the daily Triangle from February of this year.  The top of this Triangle formed when the previous first primary »

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FXSnip:EUR/CAD Trading Near Resistance Level 1.3800

05/08/2013 08:46

  • EUR/CAD Trades Close To Resistance Level 1.3800
  • If 1.3800 Is Broken - Next Buy Targets: 1.4000 And 1.4300
  • If 1.3800 Holds - Possible Retest Of Support Zone Around 1.3400

EUR/CAD Trades Close To Resistance Level 1.3800 EUR/CAD has been rising in the last few trading sessions – after the reversal from the support zone close to support level 1.3400 (which is the b »

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FXSnip:AUD/USD to fall to 0.8500

02/08/2013 09:24

  • AUD/USD Reverses Down From Resistance Level 0.9300
  • Next Sell Targets: 0.8500 And 0.8000
  • Short Entries Can Be Protected By Close Stop-loss Above 0.9300

AUD/USD Reverses Down From Resistance Level 0.9300 After a few days of consolidating below the strong resistance level 0.9300 (which has previously reversed the pair down multiple times from the end »

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FXSnip:EUR/SEK Completes Intermediate ABC Correction

31/07/2013 09:31

  • EUR/SEK Completes Intermediate ABC Correction (2)
  • Next Buy Targets: 8.8000, 8.9000 And 9.0000
  • Long Entries Can Be Protected With The Stop-loss Below 8.5000

EUR/SEK Completes Intermediate ABC Correction (2) EUR/SEK recently completed the second intermediate corrective wave (2) of the currently active 3rd primary upward impulse wave ③ (of the primary up »

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FXSnip:EUR/USD to rise to buy target 1.3400

29/07/2013 09:37

  • EUR/USD Rises After Reversing From 1.2700
  • Next Buy Targets: 1.3400 And 1.3600
  • Buy Stop-Loss Can be Placed Below 1.3200

EUR/USD Rises After Reversing From 1.2700 EUR/USD has been rising steadily in the last few days – after the earlier reversal from the strong support zone close to the support level 1.2700 (whic »

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FXSnip:USD/CAD To Fall To Sell Target 1.0150

26/07/2013 09:19

  • USD/CAD Reverses From Resistance Zone Between 1.0600 And 1.0500
  • Next Sell Targets: 1.0150 And 1.0000
  • Place Sell Stop-loss Above 1.0500

USD/CAD Reverses From Resistance Zone Between 1.0600 And 1.0500 USD/CAD continues to fall after the recent reversal from the strong long-term resistance area set between the resistance levels 1.0600 »

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FXSnip: USD/ZAR to fall to next sell target at 9.400

24/07/2013 07:58

  • USD/ZAR Completes Primary ABC Correction
  • Next Sell Targets: 9.400 and 8.800
  • Sell Stop-loss Can Be Placed Above 10.000

USD/ZAR Completes Primary ABC Correction USD/ZAR continues to decline after the recent reversal from the strong resistance zone (highlighted in red on the weekly USD/ZAR chart below) located between »

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NZD/USD to rise to buy target 0.8500

22/07/2013 09:17

  • NZD/USD Rises From Support Zone Around 0.7700
  • Next Buy Target  At 0.8500
  • Close Buy Stop-loss Can Be Placed Below 0.7700

NZD/USD Rises From Support Zone Around 0.7700 NZD/USD recently completed the second minor corrective wave 2 of the larger 3rd intermediate impulse wave of the longer-term 3rd primary impulse ③ of t »

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FXSnip:USD/SEK to fall to sell target 6.4000

19/07/2013 10:08

  • USD/SEK Completes The Second Primary Correction
  • Next Sell Targets: 6.4000 And 6.3000
  • Sell Stop-loss Can Be Placed Above 6.8000.

USD/SEK Completes The Second Primary Correction ② USD/SEK recently reversed sharply down from the combined resistance area (encircled on the weekly USD/SEK chart below) made out of the following re »

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FXSnip: EUR/CHF To Rise To Next Buy Target 1.2450

17/07/2013 08:46

  • EUR/CHF Rises Inside 3rd Minor Impulse Wave
  • Next Buy Targets: 1.2450 And 1.2650
  • Close Stop Loss Can Be Placed At 1.2300

EUR/CHF continues to rise after recently completing the second intermediate corrective wave (2) of the currently active 3rd primary upward price impulse ③ of the primary impulse sequence from Septem »

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FXSnip:USD/DKK to rise to buy target 5.8500

15/07/2013 09:46

  • USD/DKK Rises After Breaking The Weekly ABC Correction
  • Next Buy Targets: 5.8500 And 6.0000

USD/DKK Rises After Breaking The Weekly ABC Correction USD/DKK has recently completed the weekly ABC correction from July of last year – by breaking above the resistance trendline (shown in blu »

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FXSnip: AUD/CHF to fall to sell target 0.8500

12/07/2013 14:20

  • AUD/CHF Falls Inside Extended C-wave
  • Next Sell Targets: 0.8500 And 0.8250
  • Stop-loss Can Be Placed Above 0.9000

AUD/CHF Falls Inside Extended C-wave AUD/CHF has been falling sharply in the last few weeks – inside the extended C-wave of the weekly ABC correction (from August of 2012) to the preceding upwa »

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FXSnip: AUD/JPY reverses up from strong support at 90.00

10/07/2013 08:11

  • AUD/JPY Reverses Up From Weekly Support At 90.00
  • Next Buy Targets: 95.00, 100.00 And 105.00
  • Close Stop-loss Can Be Placed Below 90.00

AUD/JPY Reverses Up From Weekly Support At 90.00 After the recent sharp sell-off (which was the extended C-wave of the recent ABC correction), AUD/JPY is set to rise further –in line with the o »

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FX Snip: GBP/NZD to fall to next sell target at 1.9000

08/07/2013 08:49

  • GBP/NZD Falls After Reversing From Strong Resistance At 2.0000
  • Next Sell Targets: 1.9000 And 1.8600

GBP/NZD Falls After Reversing From Strong Resistance At 2.0000 GBP/NZD continues to decline after the recent reversal from the strong resistance zone close to the round resistance level 2.0000. The s »

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GBP/USD approaches round support level 1.5000

05/07/2013 08:06

  • GBP/USD Breaks Below Weekly ABC Support Trendline
  • Approaches Round Support Level 1.5000
  • If 1.5000 Is Broken  - Next Sell Target At 1.4830

GBP/USD Breaks Below Weekly ABC Support Trendline GBP/USD continues to fall after the recent breakdown below the support trendline of the weekly Up Channel which has enclosed the previous clearly f »

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FXSnip: USD/SGD To Rise To Next Buy Target 1.2800

03/07/2013 09:16

  • USD/SGD Rises Inside Extending C-wave
  • First Buy Target 1.2800, Then 1.3000
  • Possible Correction From 1.2800 To 1.2600

USD/SGD Rises Inside Extending C-wave USD/SGD continues to rise inside the extending C-wave of the prolonged daily ABC correction (from October of 2012) to the preceding downtrend. The currently acti »

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FXSnip:CAD/JPY Completes 4th Primary Corrective Wave

01/07/2013 09:34

  • CAD/JPY Completes 4th Primary Corrective Wave ④
  • Next Buy Target At 100.00
  • Stop-loss Can Be Placed Below 92.50/ 90.00

CAD/JPY Completes 4th Primary Corrective Wave ④ CAD/JPY recently reversed up from the support area lying at the intersection of the support level 92.50 and 38.2% Fibonacci Retracement of the preced »

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FXSnip:EUR/AUD Trades Close To Strong Resistance Level 1.4200

28/06/2013 09:05

  • EUR/AUD Trades Close To Strong Resistance At 1.4200
  • If 1.4200 Is Broken – Next Buy Target At 1.5000
  • If Pair Reverses From 1.4200– Possible Correction Toward 1.3500

EUR/AUD Trades Close To Strong Resistance At 1.4200 EUR/AUD has been rising sharply over the last few weeks - following the breakout of the resistance trendline of the weekly Down Channel from the st »

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FXSnip:EUR/GBP trading close to support level 0.8470

26/06/2013 10:12

  • EUR/GBP Trading Close To The Support At 0.8470
  • If 0.8470 Is Broken – Next Sell Target At 0.8400
  • If 0.8470 Holds - Next Buy Target At 0.8600

EUR/GBP Trading Close To The Support At 0.8470 Having recently reversed down from the top of the preceding intermediate impulse wave (1) at 0.8600, EUR/GBP is currently trading close to the support l »

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FXSnip: GBP/JPY Technical Analysis: Next Buy Target 156.5

24/06/2013 09:42

•    GBP/JPY Reverses From Support Area Around 147.50
•    Next Buy Target 156.5
•    Protect Long Entries With Stop-loss Below 147.50

GBP/JPY Reverses From Support Area Around 147.50 GBP/JPY continues to rise – in accordance with the predominant uptrend that can be seen on the daily charts. The pair recently reversed strongly »

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EUR/JPY reverses from support area near 127.00

21/06/2013 09:11

•   EUR/JPY Reverses Up From Support Area Close To 127.00
•   Next Buy Target 134.00
•   Strong Support At 127.00 And 120.00

EUR/JPY Reverses Up From Support Area Close To 127.00 EUR/JPY continues to rise in accordance with the medium-term uptrend that can be seen on the daily charts. The pair recently reversed up from the »

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FXSnip: NZD/JPY Reverses From Strong Support Level 75.00

19/06/2013 09:59

  • NZD/JPY Finds Support Close To 75.00
  • Next Buy Target At 80.00
  • Buy Stop-loss Can Be Placed Below 74.00

NZD/JPY Finds Support Close To 75.00 NZD/JPY has recently reversed up from the strong support level (which we specified in our earlier report on NZD/JPY). Following that report, the pair broke down t »

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Video Analysis:USD/JPY Trading Nicely Lower

18/06/2013 15:21

USD/JPY is trading nicely lower since we called a temporary top at 103.70 few weeks back. Notice that now we can count five waves down in blue wave A)/1) so we need to be aware of a possible reversal »

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Commodity Update: Hot Summer for Oil?

18/06/2013 10:47

  • Middle East Lighting the Fuse
  • Let’s Get Technical
  • Geopolitcal Risk

Oil, it seems, has been a silent outperformer in the last few weeks. Stock markets jittered, the Dollar tumbled and Gold was in a coma; meanwhile Oil quietly climbed, beating stocks and bonds and gene »

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Taper Tantrums In The Market

18/06/2013 07:35

  • Uncertain Markets
  • People Need To Chill Out
  • Busy Schedule In Asia

The market is desperate for a sense of when the Fed will taper as the reaction to an FT story showed reports Adam Buton, Ashraf Laidi. Uncertain Markets The euro was the top performer while NZD and »

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Technical Analysis USD/NOK: Next Sell Target At 5.7000

17/06/2013 09:36

  • USD/NOK Falls After Failing To Break Above Strong Resistance At  5.9000
  • Closest Sell Target At 5.7000
  • If 5.7000 Is Broken – Next Sell Targets At 5.6000 And 5.5000

USD/NOK falls after failing to break above strong resistance at  5.9000 USD/NOK is continuing to fall inside the (C)-wave of the longer-term ABC correction to the preceding medium-term upward pr »

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Yen Option Trade Presents Sound Risk Reward

14/06/2013 12:10

  • Forex Volatility Is Elevated
  • Price Action Was Defensive
  • Better Than Expected Retail Sales & Jobless Claims

Forex Volatility Is Elevated The volatility in the FOREX market is elevated and continues to trade at the high end of a 52-week range.  Ever since Ben Bernanke warned investors of a potential ta »

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FXSnip:EUR/NZD Reverses From Resistance Level 1.7000

14/06/2013 08:54

  • EUR/NZD reverses from strong resistance at 1.7000
  • Nearby sell target - 1.6330
  • If 1.6330 is broken – next sell target at major support 1.5000.

EUR/NZD reverses from strong resistance at 1.7000 EUR/NZD has recently risen in the extended upward corrective C-wave of the weekly ABC correction to the prevailing weekly downtrend. This ABC correct »

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DAX Bears Around The Corner

13/06/2013 11:23

  • The ECB is not helping and DAX Could Suffer
  • German Outperforms Rest of Europe
  • DAX and 8,000

The German DAX has been one of the best performing indices since the world’s major central banks resorted to QE and close to zero interest rates.  German Outperforms Rest of Europe Auster »

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FXSnip:EUR/USD Euros Reached Overnight Highs of 1.3370

13/06/2013 06:50

Euros edged higher yesterday reaching overnight highs of 1.3370. We have divergence on the 60min charts which suggests we should see some downward moves early this morning writes Carol Harmer, Charmer »

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CAD/CHF set to fall to support level 0.9000

12/06/2013 10:14

  • CAD/CHF falls after reversing from strong resistance level 0.9500
  • Closest sell target 0.9000
  • If 0.9000 holds – correction target at 0.9500
  • If 0.9000 is broken on a closing basis – next sell target at 0.8600

CAD/CHF falls after reversing from strong resistance level 0.9500 CAD/CHF just completed the 2nd intermediate correction to the preceding 1st intermediate impulse from the end of the larger 2nd prima »

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Technical Analysis: AUD/USD Just Broke Down Below 0.9700

07/06/2013 13:06

 

  • AUD/USD breaks below major support at 0.9700
  • Closest sell target at 0.9375
  • If 0.9375 holds – possible correction to 0.9700

AUD/USD breaks below major support at 0.9700 AUD/USD just broke down below the major long-term support level 0.9700. This support level has been reversing the pair up from the start of 2011 (having p »

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Video Analysis: AUD/USD Bearish Waves Should Continue

22/05/2013 15:15

Bearish Waves Should Continue After a Corrective Retracement-Elliott Wave Video: AUDUSD has been moving sharply lower in the last few weeks within wave three that now shows evidences of a low »

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Technical Analysis: FTSE China Broke 8130/50

17/05/2013 16:03

FTSE China held above 8030/60 & broke 8130/50 as we close in on the 100 day moving average at 8322. We should struggle here but a push higher then targets tough resistance at 8365/75. In fact fr »

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Cool Inflation Heats Up Commodities Play

17/05/2013 12:50

  • The Figures, the Fed and the Rally
  • Why Commodities and Not Equities?
  • Oil Gathers Momentum; are Gold and Silver to Follow?

Earlier this week I mentioned that U.S.inflation figures would dictate the Fed’s direction. Well, the inflation figures are now out and data shows that U.S.inflation fell below zero which is the »

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Technical Analysis:S&P/TSX 60 Failed at 720/22 This Week

17/05/2013 07:49

S&P/TSX 60 failed at 720/22 this week as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.00. The outlook remains negative so any longs here toda »

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AUD/USD Cracks Major Uptrend

16/05/2013 16:21

  • Is A Long Term Top Developing?
  • Japanese Q1 GDP Report Better Than Expected
  • Capital Outflow Main Driver For The Yen

Christopher Vecchio, Currency Analyst at DailyFX, comments: The commodity currency bloc continued its tumble versus the European currencies and the US Dollar overnight, with the Australian and New Ze »

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Technical Analysis: Nikkei Broke 14900 To Fill Gap

16/05/2013 15:28

Nikkei broke 14900/15000 to fill the gap at 15240 and came to a halt exactly. It is starting to look like we have run out of steam for this week. We could drift lower today to support at 14835,& »

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Technical Analysis: EUR/USD Another Day Of Weakness In The Euro

16/05/2013 08:42

Another day of weakness in the Euro...and once the trendline at 1.2960 broke sellers were back in the market reports Carol Harmer, CharmerCharts.com The second trendline at 1.2899 also failed to »

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Technical Analysis: S&P/TSX 60 Failed As Expected

16/05/2013 07:16

S&P/TSX 60 failed at 720/22 as expected & we hit support at 712/11 where a low for the day was expected & we bottomed at 710.40. The outlook remains negative so any longs here today need st »

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AUD/USD Extended Its Weakness

15/05/2013 15:01

AUDUSD extended its weakness in the last few sessions within wave (iii) which can be counted now in five smaller waves writes Gregor Horvat, EX Forecast.   As such, support for current decline »

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Nikkei Hit 14900/1500 Target

15/05/2013 11:18

Nikkei hit the 14900/15000 target & has broken higher as we now look to fill the gap at 15240 this week. Above here we then look for 15310/360 in this bull market. Look for support at 14902 toda »

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AUD/CAD Falling Sharply

15/05/2013 11:07

  • AUD/CAD falls in sharp C-wave correction toward parity
  • If parity holds - buy target at 1.0250
  • If the pair breaks below parity - sell target at 0.9750

AUD/CAD falls in sharp C-wave correction toward parity AUD/CAD has been recently falling sharply down inside the second corrective primary wave ② of the larger primary upward impulse sequence which »

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Gold: Gold Traded Lower Amid Strength In The US Dollar

15/05/2013 08:19

Gold prices traded lower by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1426.93 per ounce, as greenback strengthened against all of its major counter parts in yesterday’s ses »

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EUR/USD: Euro Continues To Trade Lower In The Asian Session

15/05/2013 07:52

For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2936, after German ZEW economic sentiment disappointed investors along with slowed down in inflation figures across th »

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Technical Analysis: S&P/TSX Held Above 715

15/05/2013 07:42

S&P/TSX 60 did hold above 715 for a retest of the 100 day moving average & last week’s high at 720/22. We are now very overbought so the topside should be limited but a break higher targets »

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Market Summary: The Big Picture

14/05/2013 11:06

The Big Picture Eurozone economy on the forefront today. With the market already poised to buy dollars, a much better-than-expected US retail sales figure for April, boosted sentiment further and U »

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Technical Analysis: S&P/TSX 60 Tested Support

14/05/2013 07:05

S&P/TSX 60 did test support at 712/11 & made a low for the day as expected but any longs here need stops below 708.50 today for a test of the next support at 706/05. We meet the 200 day movi »

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Falling Yen Prompts A Global SellOff

10/05/2013 16:15

  • All Eyes On The Yen
  • Bond Purchases
  • Next Phase Of Weakness

The Japanese Yen has fallen to its lowest level in the past four years amid bond data, prompting a widespread selloff and boosting currencies with highly-rated sovereigns like the US Dollar. Comments& »

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Sterling Poised To Outperform Euro

10/05/2013 09:55

  • Fundamental Changes On The Horizon
  • UK & Euro Austerity - Deeply Integrated
  • Changes Afoot For UK Economy

In some way almost everyone was affected by E.U. austerity; fortunately it seems that the bad times might finally be behind us now that there is real talk of halting austerity there. Fundamental Chan »

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Technical Analysis: Bund Recovery

10/05/2013 07:02

Bund recovered from a short term oversold position & just held above 145.80 for a move higher towards 146.27/29 but topped just below, at 146.23. Failure to hold above support at 145.80/77 s »

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GasOil: Holds Support

10/05/2013 06:55

Gasoil held support at 861/859 to retest the week’s high at 871/872. Above here today look for our next target at 875.25/876.25 but this is tough resistance & may be worth trying shorts wit »

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Market Summary: Gold Under Pressure & RBOB Overbought

10/05/2013 06:37

Gold should come under pressure today & in to next week. RBOB gasoline very overbought - strong Fibonacci resistance at 289.50/291 which could hold a move higher - stops above the 100 day moving aver »

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FX SNIP: EUR/USD Euro Stopped at 75%Short Term Fib Level

09/05/2013 11:13

After breaking 1.3175 Euros stopped at the 76.4 % short term fib level and retreated reports Carol Harmer. At the moment, whilst we are staying below 1.3175 there is a good chance we can come lo »

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Gold Has Double Topped...

09/05/2013 09:42

Gold has Double Topped at the 61.8 Med term Fib and therefore we have every reason to believe we are going to trade a lot lower in this market. We are overbought on the daily charts and therefor »

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Technical Analysis: Bunds Held Position

09/05/2013 07:55

Bund held support at 145.40/35 for the second day as we recover from a short term oversold position. We beat resistance at 145.80 & need to hold above here today for a move higher to 146.07, pos »

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Technical Analysis: RBOB Gasoline Edging Higher

09/05/2013 07:49

RBOB Gasoline is edging higher & may test the 200 day moving average at 288.85 today. Just above here we meet strong Fibonacci resistance at 289.50/291 so this area could hold a move higher. »

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Technical Analysis: Schatz Failed & Broke 110.75/74 Support

08/05/2013 07:38

Schatz failed at 110.79 resistance & broke 110.75/74 support. Below here we meet strong support at 110.70 which could hold the down side for today but a break targets 110.67/66 then 110.60/5 »

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Technical Analysis: GasOil Failed To Reach 875.25

08/05/2013 07:07

Gasoil beat 863/866 but failed to make it our next target of 875.25/876.25. If we reach here today this is tough resistance but any shorts need a stop above 878 as a break higher should fill the »

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Technical Analysis: Yen at 100, Live or Let Die?

07/05/2013 09:17

  • USD/JPY Sit At 101
  • You Have Come A Long Way Baby
  • What Is Needed To Break The 100?

Though the last few weeks have been significant for the USD/JPY pair which has hovered in a tight band from 97-100, this week could be critical for Yen traders. USD/JPY Sit At 101 The 100 level does »

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Stocks Update: Gilts Plunged On Friday to 119.36

07/05/2013 07:03

Gilts held collapsed from 120.53 resistance last week & plunged a lot further than expected on Friday, breaking 119.82/77 support to reach 119.36. This level happens to be a 61.8% retracement&nb »

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Technical Analysis: GasOil Has Reached Strong Resistance

07/05/2013 06:57

Gasoil has reached strong resistance at 863/866. We did see the market top out here as expected & used this level as a selling opportunity but we need stops above 867 today for continued gai »

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Technical Analysis: EUR/AUD Continues Strong Downward Trend

03/05/2013 10:06

  • EUR/AUD completes primary ABC correction
  • Sell target at 1.2400
  • Close stop can be set above 1.2920

EUR/AUD is continuing the strong downtrend which is visible on multiple time-frame charts writes Dima Chernovolov. EUR/AUD completes primary ABC correction First of all, the pair is showing the stro »

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Technical Analysis: S&P Held On At 1579/77

03/05/2013 06:57

S&P held on to good support at 1579/77 & bounced nicely & beat resistance at 1588/89 for yet another test of all time highs at 1594/96. Stops on shorts any shorts here are needed above 1597&nbsp »

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Technical Analysis: FTSE Up To 6432/42

03/05/2013 06:56

FTSE has held a range all week from 6365/55 up to 6432/42. Failure to break 6443/47 resistance today could see us at 6379/75 support then the lower end of the range at 6365/55. Stops on long »

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Technical Analysis: Euro Stoxx Shot To 2708

03/05/2013 06:42

Euro Stoxx tested 2650 support & shot higher to 2708. Below 2687 we should test support at 2674. Longs here need a stop below 2663 for strong support at 2654/51. Exit shorts & try longs with »

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Technical Analysis: DAX Headed Higher

02/05/2013 10:49

Dax headed higher unexpectedly to reach the 7970 level. We should follow the US lower today & below 7896 support, look for 7873 then 7849/42. This is good support & we could see a bounce from he »

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Technical Analysis: EUR/USD Retested 1.3190/00 April Highs..

02/05/2013 07:36

EURUSD retested 1.3190/00 April highs & we suggested trying shorts here, adding up to 1.3230using stops above 1.3255 with the pair overbought in the short term now. The top was seen at1.3243 so this i »

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TECHNICAL ANALYSIS: Euro Stoxx Failed Again

02/05/2013 06:50

Euro Stoxx failed again at 2692/96 as predicted & we also held support at 2666/60 as expectedbut should continue lower today for 2650 then 2643. We could see a low for the day here but we need t »

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ECB Potential To Boost Credit For European SME's

01/05/2013 16:04

  • Rate Cut Dead Cert
  • Weakness in Germany
  • Market Forecast:  EURUSD& EURJPY

Kathleen Brooks, Research Director UK EMEA, Forex.com shares her views on the next all important 24 hours.  This Thursday 2nd May the European Central Bank (ECB) is scheduled to announce its lat »

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Technical Analysis: NZD/JPY

01/05/2013 10:07

  • NZD/JPY Continues Strong Weekly Uptrend
  • Next Buy Target At 86.00
  • Protect Long Entries With Close Stop Below 80.00

NZD/JPY displays persistent bullish tone – rising steadily over the last few weeks and days inside the 3rd primary upward impulse wave of the larger weekly upward impulse sequence from the start »

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TECHNICAL ANALYSIS: FTSE Failed At 6443/47

01/05/2013 07:34

FTSE failed at 6443/47 resistance to test support at 6379/75 which did just about see us bottomout as expected. However below 6369 today look for strong support at 6340/30 to try longs withstops below »

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Technical Analysis: Gas Oil Remains Under Pressure

01/05/2013 07:25

Gasoil could remain under pressure today & below 843.50 risks a test of 841/840 then 830/828support. If we continue lower we could retest 818/815 April lows but should look very oversoldin the short t »

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »

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FUTURES UPDATE: Mini Dow Jones

30/04/2013 07:13

Mini Dow beat resistance at 14690/700 then failed just below all time highs at 14800/823. Weare overbought in the short term now so watch for a move below 14730/10 to target 14659. Belowhere then risk »

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TECHNICAL ANALYSIS: Euro Stoxx

29/04/2013 07:31

Euro Stoxx looks over bought in the short term holding just above support at 2618/15 as expected. Further weakness could be seen today however so any longs need a stop below 2606 todayfor support at »

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FOREX INSIGHT: AUD/USD Moves Sideways

26/04/2013 12:13

AUD/USD turned higher in the last few days after a break out of a falling trend-line. Thats an important evidence for a temporary low in place and deeper rally underway. With that said, we suspect th »

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FX SNIP: EUR/NZD

26/04/2013 11:18

  • EUR/NZD falls inside the 3rd impulse wave of the primary downward 5th impulse wave
  • Further losses likely toward 1.5080 and 1.5000
  • Strong combined resistance area around 1.5600

EUR/NZD is on its way to further losses after flashing multiple bearish signals over the last few days, weeks and months. The pair is currently moving inside the 3rd downward impulse wave of the larg »

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Technical Analysis: NZD/USD

25/04/2013 13:00

  • NZD/USD rises inside the 3rd impulse wave of the larger 3rd impulse wave
  • Next upward targets are 0.8680 and 0.8860
  • Close support at 0.8360 followed by 0.8200

 

NZD/USD started this session on a strongly bullish note following the yesterday’s conclusive close above the strong resistance level 0.8450 (which had previously reversed down multiple upward pr »

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Technical Reports: SXF

24/04/2013 09:00

S&P/TSX 60 failed at 693/694 resistance yesterday and below 687 sees 684 then a retest of679/78 lows. A break of 676 then triggers the next leg lower to target 670.30.Resistance at 693/694 could hold »

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Technical Analysis: EUR/USD

23/04/2013 14:29

  • EUR/USD falls after failing to break above 1.3200
  • Further downside likely toward 1.2700
  • If 1.3200 is broken look for the price to rise towards 1.3800

Forexspace welcomes our newest contributor Dima Chernovolov, Experienced Forex Analyst and his views on EUR/USD. EUR/USD continues to decline after the recent failure to break up above the combined r »

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Technical Analysis: S&P 500 Could Fall Through 1530 Support While Market Trades Below 1597

22/04/2013 16:44

S&P500 fell sharply last week from 1597 and found support around 1536 from where we have seen 20 point rally on Friday. Notice that market reversed from swings lows made in early April, so it seems th »

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TECHNICAL ANALYSIS: USD/JPY - Sell Off Underway

18/04/2013 13:23

USD/JPY did sell off as expected, towards 95.49/38 where we predicted a bounce & the low was just above here at 95.80. We have seen a good move higher to face resistance at 98.35/45 but abov »

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TECHNICAL ANALYSIS: Oil Roundup - 17.04.13

17/04/2013 08:12

WTI Crude collapsed all the way to 86.12 where we predicted a low for the heavy losses experienced in April. We made it to our 88.83 target & as expected we could not improve on this level. However fu »

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TECHNICAL ANALYSIS: USD/JPY - Closing In On Resistance At 98.20

16/04/2013 15:27

USD/JPY reached our target of 97.19 & then broke 96.44/34 but bounced above excellent short term support at 95.49/38. We now closing in on resistance at 98.20/10 & we could break above here »

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TECHNICAL ANALYSIS: Brent Crude - Broken 4-Year Support

16/04/2013 08:25

Brent Crude broke huge support from a 4 year trend line at 100.84 & we collapsed again to the lower target of 97.90/70. This is 200 week MA support & we do look over sold in the short term. We are he »

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TECHNICAL ANALYSIS: Oil Roundup - 15.04.13

15/04/2013 10:15

WTI Crude (chart left) outlook remains weak as stated on Friday but we fell a lot further than expected. 88.85 is a good weekly support level so this is the last hope for bulls at this stage. Bel »

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TECHNICAL ANALYSIS: Copper - Failed At 7622

15/04/2013 09:52

Copper bounced but failed at 7622, below the 7630 target & then collapsed unexpectedly. Resistance today at 7472/75 looks unlikely to be broken but shorts may need a stop above 7483 for 7510 then 752 »

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TECHNICAL ANALYSIS: Crude Oil - Correction Appears Complete; Weakness Could Extend To 90$ Per Barrel

12/04/2013 10:56

Oil recovered nicely in the last few days from 91.80 back to 94.75 which was expected after a completed five wave pattern down (click left to see full chart). We were tracking a corrective bounce in t »

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TECHNICAL ANALYSIS: Copper - On Solid Ground

12/04/2013 08:48

Copper looks on solid ground as we bounced from support at 7525. We now need to hold above 7571/70 for a move to 7630 & above here a chance to retest this week’s high at 7645. A push h »

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TECHNICAL ANALYSIS: EUR/USD - Move Below 1.3030 Will Keep Pressure On

12/04/2013 08:27

EUR/USD revisited 1.3115 to exit longs & try shorts with a stop above 1.3140. This is working so far with a high at 1.3138 & we look for a test of 1.3046. This is good support & we may see no&nbs »

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TECHNICAL ANALYSIS: Copper - Failed Below 346.30

11/04/2013 08:28

Copper failed below the target of 346.30 which was expected to cap the bounce & we tested support at 340 which did hold the pull back as hoped. We face resistance today at 343.30 and look un »

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TECHNICAL ANALYSIS: AUD/USD Back In Bullish Mode

10/04/2013 14:58

AUD/USD moved through 1.0500 swings which mean that wave II pull-back is complete and that larger uptrend is back in progress again. Rise from 1.0346 cannot be counted impulsively so we believe t »

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TECHNICAL ANALYSIS: Copper - Break Below 340 Could Trigger 337/336

10/04/2013 12:52

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We pushed through 340.30-342 yesterday as we close in on the next target of 346.30 which »

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TECHNICAL ANALYSIS: Spot Gold - Looking For 1583

10/04/2013 10:00

Spot Gold was predicted to have made a low in the longer term on Friday and we stated that we could see a medium term rally in Gold in the weeks ahead to target 1616 & possibly 1674. Yesterd »

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TECHNICAL ANALYSIS: EUR/USD - Strong Chance Of A Low

10/04/2013 07:33

EUR/USD saw a big rally from the double bottom at 1.2746 after we predicted an end to the 2 month down trend & we came to with in 12 pips of our 1.3115 target to exit longs & try shorts with »

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TECHNICAL ANALYSIS: Copper - Short Term Outlook Brightening

09/04/2013 10:46

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We are now above 336.59 which keeps the short term outlook more positive as we close in on the tar »

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TECHNICAL ANALYSIS: Brent Crude - Facing Resistance At 105.38

09/04/2013 07:01

Brent Crude headed higher as predicted to hit 105.32/55 where we expected a high for the day & we topped at exactly 105.55. We then tumbled back to solid support at 103.84/74 for a secon chance to buy »

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EUR/USD: Approaching Key Resistance

08/04/2013 13:45

EUR/USD is approaching the resistance at 1.3048 (25/03/2013 high, see also the declining trendline). Another resistance can be found at 1.3107 (15/03/2013 high). Hourly supports are at 1.2962 (intrada »

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VIDEO ANALYSIS: EUR/USD Could Retrace Back To 1.3200

08/04/2013 11:24

A sharp 1000 pip fall in less than two months from 1.3700 can be counted in five waves. In Elliott Wave theory we knows that five wave structure suggests a change or direction of a larger trend. In ou »

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TECHNICAL ANALYSIS: Copper Targeting 10-Month Highs

08/04/2013 08:44

Copper has been in a 9 week down trend but hit good 10 month trend line support last week at 330.37. We are now above 336.59 which keeps the short term outlook more positive & we could targe »

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TECHNICAL ANALYSIS: Keep Your Eye On Gold

05/04/2013 15:29

Spot Gold tested 1542/41 but being over sold we bounced to resistance at 1557/59. Be aware that we may have made a low in the longer term and we could see a medium term rally in Gold now in »

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TECHNICAL ANALYSIS: Natural Gas Broke Support At 3.966/961

04/04/2013 11:14

Natural Gas broke support at 3.966/961 & managed to hold just above the next support at 3.886/860. We can try longs here today & look for a bounce with the market now over sold in the short »

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TECHNICAL ANALYSIS: Oil Roundup - 03.04.13

03/04/2013 11:23

WTI Crude (see chart left) hit strong 6 month trend line resistance at 97.35 to fall back very quickly once again. The market could have topped out now after the 1 month rally and we look for 96. »

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VIDEO ANALYSIS: JPY-Crosses Could Resume The Uptrend In This Week-Elliott Wave Video

02/04/2013 12:25

S&P futures are already approaching to its highs from few sessions back, so we are observing some xx/JPY pairs for possible risk-on set-ups. However, firstly we also need to see low in place on USD/JP »

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TECHNICAL ANALYSIS: Oil Roundup - 02.04.13

02/04/2013 11:58

Brent Crude formed a bullish inverse head & shoulders as hoped & we made it all the way to our measured target of 111.20/50 (see chart left). We suggested to exit all longs here & try shorts with a st »

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TECHNICAL ANALYSIS: USD/JPY Back Under Pressure

02/04/2013 10:49

USD/JPY has come under pressure as predicted at the end of last week. We have broken 93.57/53 to test short term Fibonacci support at 93.27 & we need now to watch for a break of the 2 week l »

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TECHNICAL ANALYSIS: Spot Gold Scales Resistance At 1603

28/03/2013 09:22

Spot Gold managed a bounce just above 1590 support & has climbed back above resistance at 1603 to stop just short of the 1609 target at 1608.41. If we managed to sell in to shorts here we ca »

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TECHNICAL ANALYSIS: USD/CHF: Bullish Reversal In Progress-Elliott Wave

27/03/2013 10:18

USD/CHF has turned sharply higher in this week and closed above the trend-line connected from 0.9566 top. This is a very clean and important evidence for a continuation of a larger trend, which is up »

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TECHNICAL ANALYSIS: Pressure On Spot Gold

27/03/2013 10:05

Spot Gold could start to come under pressure again now. We held just below resistance at 1603 and as expected we did fall back to 1595 but this held the downside. If we break below this support&n »

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TECHNICAL ANALYSIS: Spot Gold Could Come Under Pressure

26/03/2013 09:56

Spot Gold could start to come under pressure again now. We have resistance at 1603 and failure to push above here risks a slide back to 1595. If we break below this support we look for 1590/1588 with »

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VIDEO TECHINCAL ANALYSIS: Why The EUR/USD Has Reached A Top

25/03/2013 10:08

As the markets react to news that Cyprus may be on the brink of life-saving deal with the euro group, the EUR/USD has been seen heading higher on fx trading platforms. Gregor Horvat, chief technical »

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TECHNICAL ANALYSIS: Brent Crude

22/03/2013 13:29

May Brent took a tumble to test 107.25/01 support and bounced from here. After 6 weeks of losseswe may be trying to carve out a base. Resistance today is at 107.80/90 but above here look for108.30/40. »

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TECHNICAL ANALYSIS: Nymex WTI Light Crude

22/03/2013 12:45

WTI Crude May is mostly going sideways as we were held by 93.47/54 resistance and tumbled tosupport at 91.82/76 where we predicted a low for the day. The exact low was 91.84. Resistancetoday at 93.00 »

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TECHNICAL ANALYSIS: Gasoil ICE

22/03/2013 12:17

Gasoil was predicted to bottom out at the 4 year trend line support and expected low for the 6week down trend at 897. We have suffered sever losses but are now oversold so it is too risky tocontinue t »

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TECHNICAL ANALYSIS: Spot Gold

22/03/2013 09:56

Spot Gold made it to our 1609/11 target and is pushing on now for 1619/20 resistance. If we cancontinue higher we run in to 1625 which should cap the rally at this stage. We could exit longshere and t »

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TECHNICAL ANALYSIS: USD/JPY Retest Of 94.75/50 Possible

21/03/2013 14:35

USD/JPY support at 95.30/10 but below here a retest of 94.75/50 is possible. We could see a bounce from here but longs need a stop below 94.30. The one year trend line comes in today at 93.6 »

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TECHNICAL ANALYSIS: Natural Gas - Buying Opportunities Ahead

21/03/2013 07:51

Natural Gas has struggled at 3.965-3.976 for the past 3 days. We had warned the market should run out of momentum here but we do need a stop loss on shorts above 4.050 for 4.413/414 as the next upside »

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