EUR/AUD Technical Analysis for the day

Technical Analysis

EUR/AUD is having bearish secondary trend  on the charts and the pair is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.5590 and support at the level of 1.5345. 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.

EUR/AUD

Forex Indicators

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

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

Technical Chart

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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Crude Oil Technical analysis for 17/03/2016

U.S. crude oil stocks rose last week rose to record highs for a fifth straight week while gasoline inventories fell amid strong demand for the motor fuel, data from the Energy Information Administration showed on Wednesday. Crude inventories increased 1.3 million barrels in the week to March 11 to 523.2 million, a much smaller build than the 3.4 million-barrel increase expected by analysts. By 10:55 a.m. EDT, U.S. futures were up 3.7 percent at $37.71 per barrel. 

Crude Oil

On technical chart, Very short term trend of crude oil is bullish on chart. On its, 4 hourly chart, market has been making higher lows and higher highs from past few trading session. Crude oil also took support of 50 DMA and bounce back from the same on 4 hourly chart. It has been trading with support of SMA50 and SMA200 with appearance golden cross. Now it can test the next resistance of   41.90. On lower side it is having support of previous significant low of 35.90. On daily charts it has strong bullish candle. RSI is sustaining in its positive territory indicating the bearish trend on intra day basis.

Crude Oil technical Chart

Technical Pivot Levels

Commodity	R2	R1	S1	S2
GOLD	1284	1264	1224	1190
SILVER	16.35	15.82	15.11	14.6
CRUDE OIL	41.90	39.80	38.30	36.60
COPPER	2.2800	2.2570	2.2100	2.1890
NATURAL GAS	1.980	1.916	1.755	1.600
PLATINUM	1008	990	947	925
PALLADIUM	610	584	555	528

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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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

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

              

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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

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

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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