Technical Analysis

Support and Resistance for Oct 20 2017 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1905 1.3280 114.40 0.8000 23450 1292.50
Resistance 2 1.1880 1.3240 114.00 0.7950 23400 1290.00
Resistance 1 1.1850 1.3200 113.50 0.7905 23300 1287.50
Market 1.1809 1.3175 113.28 0.7840 23245 1284.00
Support 1 1.1800 1.3150 113.05 0.7805 23200 1282.50
Support 2 1.1780 1.3105 112.70 0.7770 23140 1280.00
Support 3 1.1720 1.3070 112.40 0.7740 23100 1277.50
Read more ...

Market Review for October 20 ,2017

In the final trading day of this week, Asian shares and the dollar gained on Friday after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a ta European stock futures STXEc1 rose 0.3 percent, pointing to a firm start, while Dax futures FDXc1 rose 0.4 percent and CAC 40 futures FCEc1 were up 0.3 percent.

By a 51-to-49 vote, the Republican-controlled Senate voted for the budget measure late on Thursday, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts.

The U.S. Senate has passed a budget resolution which paves the way for potential tax reforms in the U.S. So that has seen the dollar strengthen and U.S. yields move higher, as a result we’ve seen Asian currencies weaken.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS, which scaled a 10-year peak on Tuesday, was up 0.3 percent, but still down slightly for the week.

Read more ...

Support and Resistance for Oct 20, 2017 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1905 1.3240 114.40 0.8000 23450 1292.50
Resistance 2 1.1880 1.3200 114.00 0.7950 23400 1290.00
Resistance 1 1.1850 1.3150 113.50 0.7905 23300 1287.50
Market 1.1816 1.3132 113.18 0.7852 23260 1284.00
Support 1 1.1800 1.3105 113.05 0.7805 23200 1282.50
Support 2 1.1780 1.3170 112.70 0.7770 23140 1280.00
Support 3 1.1720 1.3040 112.40 0.7740 23100 1277.50
Read more ...

Support and Resistance for Oct 19 2017 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1905 1.3280 113.50 0.8000 23200 1292.50
Resistance 2 1.1880 1.3240 113.05 0.7950 23140 1290.00
Resistance 1 1.1850 1.3200 112.70 0.7905 23100 1287.50
Market 1.1829 1.3165 112.50 0.7862 23070 1285.00
Support 1 1.1800 1.3150 112.40 0.7805 23040 1282.50
Support 2 1.1780 1.3105 112.00 0.7770 23000 1280.00
Support 3 1.1720 1.3070 111.70 0.7740 22950 1277.50
Read more ...

Market Review for October 19 ,2017

In the Asian markets this morning, Chinese equities extended their declines after the nation reported slower growth in the third quarter, with markets there underperforming compared with broad gains across the Asia-Pacific region.

Data released Thursday showed China’s economic expansion slowed to 6.8% in the third quarter, down from 6.9% in the second quarter, as Beijing’s efforts to clamp down on off-balance sheet lending and corporate leverage weighed on growth.

The Shanghai Composite Index SHCOMP, -0.34% was last down 0.5% and the Shenzhen main board 399106, -0.82% slipped 0.4%. In Hong Kong, the Hang Seng Index HSI, -1.71% was down 0.2%, after opening higher.

Read more ...
We Accept: Visa Card Payment Master Card Payment Skrill Payment Bank Wire Payment