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 Technical analysis and forex strategy
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.

AUD/NZD Technical Analysis and Forex Strategy
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 comex Technical analysis and strategies
Gold Technical Chart


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 comex Technical analysis and strategies
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 comex Technical analysis and strategies
Crude Oil Technical Chart
 


Monday 30 March 2015

London Stock Market Overview Monday, March 30 2015


London stock exchange analysis
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.

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 Technical Analysis forex signal
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.


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


London Stock Market Technical Analysis 

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.

TOP GAINER
Name
Close Price
Change %
MAN GROUP
251.2
4.97
MARKS & SPENCER
1463
3.32
ANTOFAGASTA
840.3
2.23
AVIVA
1501
2.18
BHP BILLITON
425.9
1.99

TOP LOSER

Name
Close Price
Change %
Schroders NVTG
2411
-2.9
Antofagasta
687
-2.83
Morrison Supermkts
201.3
-2.19
Schroders
3199
-2.11
Rentokil Intial
138.4
-1.77



Thursday 12 March 2015

Forex Trading Strategies and Technical Analysis for Thursday, March 12 2015



EUR/USD 
The EURUSD broke down during the session on yesterday, testing the 1.05 level, which is massively supportive. In the meantime, we think that this market simply grinds sideways, as it seems to be a bit oversold. With that, we will pay attention to the movement and wait for any significant breakdown in order to play this particular pair, or a break below the 1.05 level. However, we think that the market eventually sell off, heading to parity as this EU still has all of the same issues as it has had over the last few years.

EUR USD Technical analysis
EUR/USD Technical Analysis


GBP/USD

The GBPUSD broke down during the course of the day on yesterday, slicing through the 1.50 level. This is a massive support level on the longer-term charts. Because of this, it appears that the market will continue to be attracted to that level. We believe that the market should continue to try to break down below the 1.48 level, and given enough time, it certainly will. Once that happens, the British pound should fall apart and head directly to the 1.45 level which is supportive on the longer-term charts. As of now we are in downtrend and expect a lot of volatility between here and 1.48 level. Remember, the US dollar is the strongest currency in the world right now, and it’s difficult to imagine going against it.

GBP/USD Technical analysis
GBP/USD Technical analysis

The AUDUSD tried to break out during the session on yesterday, but found the area above the 0.76 level to be too resistive. Because of this, the market ended up forming a shooting star and looks ready to continue going lower. The 0.75 level is the next major area below, and we fully anticipate the Australian Dollar trading down to that level at least. On top of that, the US dollar continues to remain the strongest currency in the world right now, and therefore we have no interest in going against it.


AUD USD Technical analysis
AUD/USD Technical analysis


USD/JPY
The USDJPY went back and forth during the course of the session on yesterday, essentially proving nothing. The one thing that we notice is the fact that the market didn’t break down after breaking out. That’s a sign that the buyers are serious, and could very well continue to push this market higher over the longer term, which is exactly what we anticipate. Because of this, we believe the pullbacks are buying opportunities, and that the market should break above the 122 level, and then head to 125.

USD JPY Technical analysis
USD/JPY Technical analysis


NZD/USD

The NZDUSD fell during the course of the day on yesterday, as we await the interest-rate decision out of Wellington. Right now, it looks as if it is going to break down and continue to go even lower. With that, we are very bearish of the New Zealand Dollar going forward, as we anticipate that the sellers will continue to control his market. Even if we get some type of rally from here, we believe that rallies will simply offer value in the US dollar, and should be sold as soon as they fade.

NZD USD Technical analysis
NZD/USD Technical analysis