Technical Analysis

Market Review for September 05 2017

In Australia this early morning, The Reserve Bank of Australia (RBA) kept monetary policy on hold Tuesday, a decision that was widely anticipated by the financial markets.

Officials voted to keep the overnight cash rate at a record low of 1.5%, where they’ve stood since August 2016.

مزید پڑھیے۔۔۔

Support and Resistance for Sep 05, 2017 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.2005 1.3005 110.05 0.8040 22040 1342.50
Resistance 2 1.1980 1.2970 109.70 0.8005 22000 1340.00
Resistance 1 1.1950 1.2940 109.40 0.7980 21950 1337.50
Market 1.1905 1.2927 109.26 0.7972 21930 1335.00
Support 1 1.1880 1.2900 109.00 0.7940 21900 1332.50
Support 2 1.1850 1.2870 108.50 0.7905 21840 1330.00
Support 3 1.1805 1.2840 108.00 0.7870 21800 1327.50
مزید پڑھیے۔۔۔

Support and Resistance for Sep 04 2017 - US Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.2005 1.3040 110.70 0.8050 22040 1340.00
Resistance 2 1.1980 1.3000 110.40 0.8005 22000 1337.50
Resistance 1 1.1950 1.2970 110.00 0.7980 21950 1335.00
Market 1.1900 1.2955 109.70 0.7960 21938 1333.00
Support 1 1.1880 1.2940 109.50 0.7950 21900 1330.00
Support 2 1.1850 1.2900 109.00 0.7905 21840 1327.50
Support 3 1.1805 1.2870 108.70 0.7870 21805 1325.00
مزید پڑھیے۔۔۔

Market Review for September 04 2017

As a result to North Korea’s largest ever nuclear test, Investors turned into haven assets especially gold and the Japanese Yen and sold stocks

A safe-haven asset is an asset that is uncorrelated (weak safe-haven) or negatively correlated (strong safe haven) with another asset or portfolio in times of market stress or turmoil. It should not be confused with a hedge, which is an asset that is uncorrelated (weak hedge) or negatively correlated (strong hedge) with another asset or portfolio on average. Hence, a safe-haven asset protects investors during crises, unlike a hedge, which protects them in normal times, but not necessarily during turmoil. Thus, a safe-haven asset is expected to retain its value or even increase its value in times of market turbulence, when most asset prices decline.

مزید پڑھیے۔۔۔

Support and Resistance for Sep 04, 2017 - European Session

Support Resistance:

Currency Pair EUR/USD GBP/USD USD/JPY AUD/USD Dow Jones
GOLD
Resistance 3 1.1980 1.3050 110.50 0.8040 22040 1345.00
Resistance 2 1.1950 1.3005 110.05 0.8005 22000 1342.50
Resistance 1 1.1905 1.2970 109.70 0.7980 21950 1340.00
Market 1.1890 1.2955 109.55 0.7955 21910 1337.00
Support 1 1.1880 1.2940 109.40 0.7905 21900 1335.00
Support 2 1.1850 1.2900 109.00 0.7870 21840 1332.50
Support 3 1.1805 1.2870 108.50 0.7840 21800 1330.00
مزید پڑھیے۔۔۔
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