Technical Analysis

Market Review for December 03 , 2018

It was a busy start to December, with key stats scheduled for release including manufacturing, building approval and company gross operating profit numbers out of Australia, capital spending figures out of Japan and manufacturing PMI numbers out of China.

For the Japanese Yen, capital spending rose by 4.5% in the 3rd quarter year-on-year, coming up well short of a forecasted 8.6% rose, following a 12.8% rise in the 2nd quarter, according to figures released by the Ministry of Finance.

Read more ...

Support and Resistance for November 30 2018 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2905 114.80 0.7450 25440 1227.50
Resistance 2 1.1480 1.2870 114.40 0.7405 25400 1225.00
Resistance 1 1.1420 1.2840 114.00 0.7370 25350 1222.50
Market 1.1365 1.2780 113.44
0.7300 25320 1220.00
Support 1 1.1340 1.2770 112.70 0.7270 25240 1217.50
Support 2 1.1280 1.2720 112.20 0.7240 25200 1215.00
Support 3 1.1240 1.2660 111.50 0.7200 25150 1212.50
Read more ...

Support and Resistance for November 30 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2905 114.80 0.7450 25440 1232.50
Resistance 2 1.1480 1.2870 114.40 0.7405 25400 1230.00
Resistance 1 1.1420 1.2840 114.00 0.7370 25350 1227.50
Market 1.1380 1.2800 113.44
0.7315 25320 1224.50
Support 1 1.1340 1.2770 112.70 0.7305 25240 1222.50
Support 2 1.1280 1.2720 112.20 0.7270 25200 1220.00
Support 3 1.1240 1.2660 111.50 0.7240 25150 1217.50
Read more ...

Market Review for November 30, 2018

The major U.S. equity indexes finished lower on Thursday on renewed concerns over the trade dispute between the United States and China. Going into this week-end’s summit, traders are less-hopeful that a trade deal will be struck between the two economic powerhouses. Earlier in the week, the stock market was supported by optimism the U.S. President Trump and China President Xi Jinping would reach a trade agreement at the G20 summit in Argentina on November 30 to December 1.

In the cash market, the benchmark S&P 500 Index settled at 2737.76, down 6.03 or -0.22%. The blue chip Dow Jones Industrial Average closed at 25338.84, down 27.59 or -0.11% and the tech-based NASDAQ Composite finished at 7273.74, down 17.85 or -0.24%.

After posting modest gains early in the session, all three major indexes turned lower after the South China Morning Post reported White House advisor Peter Navarro would be attending the dinner between President Donald Trump and Chinese leader Xi Jinping in Buenos Aires at the G20 summit. CNBC later confirmed the news.

Read more ...

Support and Resistance for November 29 2018 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1520 1.2905 114.80 0.7450 25440 1232.50
Resistance 2 1.1480 1.2870 114.40 0.7405 25400 1230.00
Resistance 1 1.1420 1.2840 114.00 0.7370 25350 1227.50
Market 1.1380 1.2820 113.30
0.7325 25300 1225.50
Support 1 1.1340 1.2805 112.70 0.7305 25240 1222.50
Support 2 1.1280 1.2770 112.20 0.7270 25200 1220.00
Support 3 1.1240 1.2720 111.50 0.7240 25150 1217.50
Read more ...
We Accept: Visa Card Payment Master Card Payment Skrill Payment Bank Wire Payment