Forex, Comex and CFDs Trading Technical Analysis

Friday, 4 March 2016

UK Stock Market Technical Analysis and Stock Picks

UK stocks advanced on Thursday, although the FTSE 100 was marginally lower as China's central bank devalued its currency for a third day and as Greece's economy expanded in the second quarter.

The People's Bank of China devalued the yuan for the third consecutive day on Thursday. The Bank set the parity rate at 6.4010 yuan for $1, down 1.11% from the previous day's 6.3306, in an effort to boost exports to feed the slowing economy.

The FTSE 100 ended the day in red by 2.86 points at 6568.33. If during the day market cross the resistance level of 6630 on upside after consolidation, then it can test the level of 6700 and the immediate support level is 6500.

Stock Pick of the Day

JOHNSON MATTHEY PLC GROUP

RECOMMENDATION SELL

TARGET 2840

The Major trend of JOHNSON MATTHEY PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 2840 then it can test support level for the target of 2805 with the stop loss of 2875.

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 44.82 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

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Thursday, 4 February 2016

Gold Trading Signals Technical Analysis for 4/2/2016

Gold prices ended the U.S. day session solidly higher and scored another three-month high Wednesday. Gold bulls also have building technical momentum on their side and pushed prices to a fresh three-month high. Comex gold was last up $16.20 at $1,143.50 ounce.

Gold Trading

Gold market look like is ready to go to the next significant level at $1155.00. With that, we believe that the buyers are going to get very aggressive. Resistance is seen near the level of $1160.00, while support is seen near the level at $1127.00. On intraday basis Gold price trade higher today. On intraday charts it is trading with support of 50 DMA and 200 DMA with appearance of golden cross.

Technical Chart

Wednesday, 27 January 2016

Crude Oil Technical Analysis as on 27/01/2016

Crude Oil Inventory Report

The American Petroleum Institute's weekly crude Oil stockpile report released late Tuesday showed an 11.4 million barrels build, well above the 3.5 million barrels seen. Separately, Wednesday's report from the U.S. Department of Energy could show that domestic crude inventories rose by 3.5 million barrels for the week ending on January 22.

Technical analysis

The Crude oil market rose during the day on Tuesday. It has been observed that from last several sessions market is not sustaining below the level of $30.00 level, and trying to bounce from lower level. If market is continuing the consolidate above that level, we believe that market can test the level of $32.00 and it will offer a bit of resistance. On its, 4 hourly chart, market is trading between the downward channel. Resistance is seen near down trend resistance trend line at the level of $34.00 supported by EMA200, while support is seen near the psychological level at $30 supported by EMA50 . On intra day basis we suggest to stay away from the market to monitor the price behavior in the market. We expect crude prices to trade sideways as recent hopes of agreement between OPEC and other producers to curtail output will be supportive. However, investors will be cautious ahead of FOMC statement due tonight.

Technical Chart

Crude Oil FREE Trial

Commodity Trading Technical Levels

R2

R1

S1

S2

GOLD
1138

1126

1109

1098

SILVER
14.82

14.62

14.24

14.08

CRUDE OIL
33.24

32.42

30

29

COPPER
2.0394

2.0150

1.99

1.9438

NATURAL GAS
2.282

2.223

2.051

1.990

PLATINUM
900

888

861

844

PALLADIUM
532

512

478

469

Monday, 4 January 2016

EUR/AUD Forex Technical Analysis for 04/01/2016

Technical Analysis

EUR/AUD is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining below 200 day SMA and cross over of 50 day SMA on the downside indicating downtrend of the pair. It is having an important resistance at the level of 1.5345 and support at the level of 1.4834. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

Forex Market Indicators

MACD is sustaining in its negative zone indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

Trading Strategy

EUR/AUD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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Currency Pair Pivot Points

PAIR	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0653	1.0748	1.0804	1.0899	1.0955	1.1050	1.1106
GBP/USD	1.4450	1.4586	1.4667	1.4803	1.4884	1.5020	1.5101
USD/JPY	119.30	119.64	119.99	120.33	120.68	121.02	121.37
USD/CHF	0.9713	0.9782	0.9898	0.9967	1.0083	1.0152	1.0268
AUD/USD	0.7161	0.7201	0.7249	0.7289	0.7337	0.7377	0.7425
EUR/GBP	0.7247	0.7290	0.7327	0.7370	0.7407	0.7450	0.7487
USD/CAD	1.3664	1.3738	1.3793	1.3867	1.3922	1.3996	1.4051
NZD/USD	0.6738	0.6776	0.6812	0.6850	0.6886	0.6924	0.6960

Tuesday, 29 December 2015

UK Stock Market Analysis/Stock Pick of the Day for 29/12/2015

FTSE Technical Analysis

Stocks and Gilts rose, but prices for industrial metals and the US dollar retreated after the minutes of the US central bank's policy meeting were released overnight.

The initial reaction from many traders and economists to the Federal Reserve's minutes was that a December interest rate hike was now quite possible, but for some - especially the former - apparently not certain.

The FTSE 100 ended the day in green by 50 points at 6329. In the day market, if breach the support level of 6200 on downside after consolidation, then it can test the level of 6140 and the immediate Resistance level is 6260.

Top Losers

Name

Close Price

Change %

TESCO PLC

150.9

1.31

BT GROUP

467.05

1.24

JOHNSON MATTHEY

2703

1.1

SAGE GRP

596

0.67

WPP

1538

0.65

Top Gainers

Name	Close Price	Change %
BP	365.95	1.54
ANGLO AMERICAN	328.05	1.45
OLD MUTUAL	181.7	1.45
MARKS & SPENCER	453.4	1.43
HAYS	148.3	1.3

Stock of the Day : BARCLAYS PLC

The Major trend of BARCLAYS PLC it is showing strentgh for buying If it crooses the resistance level then one can initiate buying position in the stock. If it crosses the level of 223 then it can test level for the target of 228 with the stop loss of 218

Barclays PLC

Technical Chart

Stock is trading in a range and trading near the trend line. Breaking the resistance line will lead to upside movement. Stock is trading up the 50 DMA with positive bias.

Stock Technical Chart

Stock Technical Analysis/Forecast

RSI is trading near to 60.30 levels with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustained above the zero level line.

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Tuesday, 22 December 2015

Crude Oil Trading Technical Analysis for Today

Crude Oil Technical Analysis

Crude oil prices remained flat on Monday to close at $35.70 per barrel as it remained above its 2009 low and settled up a penny a barrel as trader's squared positions ahead of the January contract's expiration. Record high global oil production, more supplies to be expected from Iran and Libya will further suppress the market sentiments and exert downside pressure on oil supplies. On its 4 hourly chart, market is continue resist by SMA50, which indicate the strong bearish trend ans its RSI is sustaining in its selling zone indicating the upcoming bearish trend. MACD is also printing below its zero level. Crude oil prices is having strong resistance at $38.50 which is supported by EMA50, while support is seen neat the psychological level at $35.00. On intra day basis Crude oil is looking bearish on charts for. One can go for sell position below the level of $35.60. Trading volumes are expected to be thin in the coming trading session as many will be away from their desks for the Christmas and New Year holiday season.

Crude Oil Technical Chart

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Commodities Support/Resistance for the day

	R2	R1	S1	S2
GOLD	1111	1089	1066	1046
SILVER	14.64	14.42	13.96	13.78
CRUDE OIL	39.05	37.12	35.00	34.00
COPPER	2.1625	2.1444	2.0657	2.0165
NATURAL GAS	2.083	2.025	1.875	1.770
PLATINUM	904	885	856	832
PALLADIUM	603	561	537	523

Tuesday, 1 December 2015

EUR/GBP Technical Analysis as on Tuesday, December 01 2015

TECHNICAL ANALYSIS

EUR/GBP is primarily bearish on the charts and the currency pair is sustaining below the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 0.7050 and support at the level of 0.7000. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

FOREX INDICATORS

MACD is sustaining in its negative territory indicating the bearish trend in the pair.