Forex, Comex and CFDs Trading Technical Analysis

Friday, 7 August 2015

UK Stock Market Technical Analysis

MARKET OVERVIEW

UK stock markets closed in the red for the first time in six days on Thursday after another Euro group meeting failed to result in a deal for Greece, leaving Athens one step closer to defaulting on its debts

The FTSE 100 ended the day in red by 36.98 points at 6807.82 If during the day market breaches the support level of 6750 on the downside after consolidation, then it can test the level of 6700 and the immediate resistance level is 6850.

SABMILLER PLC

UK Stock Pick of the Day

RECOMMENDATION BUY

TARGET 3475

The Major trend of SABMILLER PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 3445 then it can test resistance level for the target of 3475 with the stop loss of 3415

CHART FORMATION:-

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

UK Stock Pick of the Day Sab Miller Technical Analysis

Technical Chart

INDICATORS:-

RSI is trading near to 62.29 level with positive bias, in upcoming session upside movement is expected.

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

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Monday, 27 July 2015

UK Stock Market Technical Analysis Monday, July 27 2015

MARKET OVERVIEW

Far weaker than expected data on the US housing markets proved to be the proverbial straw that broke the camel's back on Friday, setting off another round of selling in stocks and commodities ahead of next week's US Federal Reserve policy meeting

The FTSE 100 ended the day in red by 75.20 points at 6579.81 But if during the day market breaches the support level of 6550 on the downside after consolidation, then it can test the level of 6500 and the immediate resistance level is 6600

RELX PLC GROUP

RECOMMENDATION SELL

TARGET 1085

The Major trend of RELX 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 1096 then it can test support level for the target of 1085 with the stop loss of 1106

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 negetive bias.

INDICATORS:-

RSI is trading near to 38.22 level with negetive bias, in upcoming session downside movement is expected.

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

Monday, 13 April 2015

AUD/NZD Technical Analysis and Forex Strategy for Monday, April 13 2015

AUD/NZD

RECOMMENDATION : BUY TARGET 1.0340

SUMMARY:-

The major trend of AUD/NZD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 1.0230. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 1.0230 at upside then we can expect it to test the level of 1.0300/1.0340.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line, indicating the up trend in the market.

Technical Chart

STRATEGY:-

AUD/NZD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Wednesday, 1 April 2015

Comex Signal Technical Analysis and Strategies for Wednesday, April 01 2015

Gold

Gold markets went back and forth during the session on yesterday, testing the 1180 level. This is an area which is important in this market as it was a support. We believe that the bounce from here will more than likely test the $1200 level next. On the other hand, if we break down below the bottom of the range for the Tuesday session, this market will more than likely head back down to the 1150 level.

Gold Technical Chart

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SILVER

The silver markets initially fell during the course of the day on yesterday, but struggled to keep the losses as the 16.50 level offered support. This is an area that has offered support and resistance both several times, and as a result it has affected the market again. The support resulted in turning the market around and forming a hammer, which is bullish. If we can break the top of this hammer, we believe that the market then heads to the 17.50 level given enough time. The 17.00 level will be a bit resistive but we feel that it will break above.

Silver Technical Chart

CRUDE

The light sweet crude market fell during the session on yesterday, testing the $47.50 level for support. The $47 level below that is supportive, but if we can break below there, we should see this market fall even lower and heading to the $45 level. The market has been very bearish, and this is a market that we think will sell off every time it rallies. The market should continue to fall based on not only upon the less demand, but also the rising value of the US Dollar. The $50 level above should be resistive.

Crude Oil Technical Chart

Monday, 30 March 2015

London Stock Market Overview Monday, March 30 2015

UK Stock Market Overview

London stocks fall on the fourth day consecutively as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. In economic data, a Nationwide survey showed the annual growth in UK house prices slowed to an 18-month low of 5.1% in March. Meanwhile, the final estimate of fourth-quarter annualized US economic growth was confirmed at 2.2%, in line with initial estimates but down from 5% in the third quarter.

The FTSE 100 index ended the session down by 0.58 % at 6855.02, as it is not able to sustain above the 7000 level mark. If during the day market is breaching the support level of 6830 on downside after consolidation, then it can test the level of 6770 with the reistance of 6880.

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TOP GAINER

Name	Close Price	Change %
CARNIVAL	3241	7.18
INTERCONT HOTELS	2640	2.76
SHIRE	5425	2.17
SABMILLER	3613	1.43
MAN GROUP	203.6	1.24

TOP LOSER

Name	Close Price	Change %
ANGLO AMERICAN	1044	3.02
HAYS	151.2	2.64
RIO TINTO	2809.5	2.35
BARCLAYS	244.25	2.3
BHP BILLITON	1507.5	2.27

Tuesday, 24 March 2015

GBP/USD Technical Analysis and Trading Strategy for Tuesday, March 24 2015

GBP/USD

SUMMARY:

The trend of GBP/USD is majorly bearish but from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 1.4990. In its hourly chart, prices are consolidating with strong positive bias and taking support of 30 and 200 DMA. If the pair breaks the important level of 1.4990 at upside then we can expect it to test the level of 1.5040/1.5090.

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INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining in buying territory indicating the bullish trend in the pair.

GBP/USD Forex Technical Analysis stratrgies

STRATEGY:- GBP/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Monday, 23 March 2015

FTSE Technical Analysis and Predictions for the upcoming London Stock Market session

FTSE

At Friday's close, the FTSE 100 index stood strong at 7022.51, up 0.8% on the day, off a touch from its session high of 7024.21. The FTSE 100's landmark move above 7000 came at the right time. With 47 days left until the most uncertain UK election in decades. Vedanta Resources topped the risers, on other side Debenhams was trading lower after the department store was downgraded. The index can expect to go through some jittery times in the coming trading session.

The FTSE 100 index during the day can show further upside movement with support of 6800 For higher side 7100 can be seen in upcoming session. On ADX positive DI has crossed p the negative DI with ADX trading above 30 mark showing that momentum can be stronger.

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