Daily Reports

Daily Reports


Fx: Euro and Sterling having a joy ride towards 1.1700 and 1.3350; CAD, JPY, AUD getting strong against rival Dollar… who will win for this week..? Dollar Vs Rivals!

Technical Overview:EUR/USD trading at 1.1650 (as of writing) rose comfortably from 1.1580, currently holding support at 1.1630 and facing resistance at 1.1680. Upside can push towards 1.1730 for the day. Overall one can buy or hold buys for upside 1.1730 ...
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/ Daily, Evening

Gold above 50MA 1269 pushing hard towards 100MA 1276; WTI strong above 66.50 still below 200DMA.

Technical Overview: Gold trading at 1270, As expected rose from the bottom 1260 level to high 1271 but fell again below 50MA 1269, currently facing resistance at 1277 or 100MA and support at 1260 as well. For the day one ...
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/ Daily, Evening

Fx: EU pushes herself above 1.16 comfortably ahead of PMI, GBP sustained above 1.3250 as expected post BOE left rates unchanged and hints further hike in next meet; JPY, CAD getting strong against dollar as off from 11-month high’s.

Technical Overview:EUR/USD trading at 1.1625 (as of writing) rose comfortably from 1.1580, currently facing resistance at 1.1630 by holding support at 1.1595 or 20MA. Upside 1630 can push towards 1.1690/1700 for the day. Overall one can buy or hold buys ...
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/ Daily, Morning

Jobless claims remains low, Gold trying to break upside on falling channel more power above 50MA 1269.WTI rose on short covering remains below 200DMA.

Technical Overview: Gold trading at 1267, As expected rose from the bottom 1260 level to high 1271 but fell again below 50MA 1269, currently facing resistance at 1277 or 100MA and support at 1260 as well. For the day one ...
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/ Daily, Morning

Fx: GBP rose to day high post BoE left Interest rate unchanged at 0.50% as expected; USDCAD settle above 1.3300 YTD high.

Technical Overview:EUR/USD trading at 1.1545 (as of writing), fell below 1.1750 trend support now turns to resistance. As expected this holds the weekly reversal support at 1.1500 and close above 1.1580 which can test 1.1650 upside which is an immediate ...
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/ Daily, Evening

Gold struggling hard against strong dollar at Year high ahead of US Philly Fed data; WTI gets week waiting for OPEC meet outcome.

Technical Overview: Gold trading at 1263,fell sharply below 1277 (100mA), getting weak below 1275 but downside holding a support at 1260. Technically looking week. Day, H4 chart trading below the Bollinger bands and at over sold zone where selling at ...
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/ Daily, Evening
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