Tuesday, 1 September 2015

GBP/JPY Technical Analysis for Today


Technical Analysis :
GBP/JPY is having sideways secondary trend  on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is facing an important support at the level of 185.30. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.

Indicators
MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

GBP/JPY Technical Analysis


Trading Strategy: GBP/JPY 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.






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 Sab Miller
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.


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

Wednesday, 11 March 2015

London Stock Market Technical Analysis & Predictions for Wednesday, March 11 2015


 
London Stock Market Technical Analysis and Prediction


London stock market fall after stronger US dollar and falling commodity prices led the London stock market to drag the heavyweight energy and mining sectors stocks. Eurozone creditors have put more pressure on Greece to implement reforms to unleash aid and avoid bankruptcy. The Eurogroup ended discussions about Greece on Monday after about an hour in Brussels, as Greek finance minister Yannis Varoufakis was told to map out a realistic programme of fiscal reforms.
The FTSE 100 index fell 2.5% to 6702.84 till the end of the day, with ongoing concerns about Greece further weighing on sentiment. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

Monday, 23 February 2015

Top Stock Picks for the Day : Morrison (WM) Super Markets Plc


Top Stock picks of the Day Morrisons
Morrison (WM) Super Markets Plc
 
RECOMMENDATION BUY
TARGET 195
The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

 
CHART FORMATION:-
Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Top Stock picks of the Day technical chart
Technical Chart

INDICATORS:-
RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.
MACD and Signal line is sustaining above the zero level line.

Thursday, 19 February 2015

UK Stock Market last Session's Updates


London Stock Exchange
 
London stocks close flat after investors book profit with Index eases from all time high as markets reviewed positive flow regarding Greece. Greece confirmed on Wednesday that it will request a six-month extension "loan agreement" with its European creditors, but is not willing to continue on the same terms as its existing bailout agreement.
The FTSE 100 hit 15- year high on Wednesday and ended the session down just 0.05 points at 6898.08, retreating after hitting an intra-day high of 6,921.32. If during the day market is breaching the resistance level of 6930 on upside after consolidation, then it can test the level of 7010 with the support of 6880.



TOP GAINER
Name
Close Price
Change %
Royal BK Scotl GR
396.5
2.59
Enterprise Inns
112.3
2.18
WPP
1482
2.14
Standard Chartered
966
2.10
Anglo American
1259
1.94

TOP LOSER

Name
Close Price
Change %
Vodafone Group
225.45
2.51
Brit Land Co Reit
811.5
2.23
Rexam
537
2.01
Land Sec Reit
1223
1.85
Shire
5100
1.64

Wednesday, 18 February 2015

UK Stock Pick and Technical Analysis as on Wednesday, February 18 2015


RECOMMENDATION BUY
TARGET 1840
The Major trend of Easy Jet Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 1783 upside then it can show upside movement for the target of 1840 with the stop loss of 1740.

CHART FORMATION:-
Stock is forming inverse Head and Shoulder pattern and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.


Technical Chart

INDICATORS:-
RSI is trading near to 62.69 level with positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.

Tuesday, 17 February 2015

London Stock Market Update Tuesday, February 17 2015


London stocks finished with a small negative bias as traders waited to see whether the Eurozone's finance ministers, which began their weekly meeting in the afternoon, were able to reach an agreement that would allow Greece to avert a financial crisis.
The FTSE 100 ended the day lower by 16.47 points to 6857.05. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.


TOP GAINER
Name
Close Price
Change %
Tate & Lyle
577
3.41
Antofagasta
750
2.6
Sabmiller
3523.5
1.91
Anglo American
1220.5
1.33
BHP Billiton
1589
1.27

TOP LOSER

Name
Close Price
Change %
Centrica
278.8
2.86
Capita
1135
1.99
SSE
1537
1.98
Astrazneca
4468.5
1.81
Enterprise Inns
110.4
1.52

Stock pick of the Day : Wolseley Plc


RECOMMENDATION BUY
TARGET 3990
The Major trend of Wolseley Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 3915 upside then it can show upside movement for the target of 3990 with the stop loss of 3860.

CHART FORMATION:-
Stock is trading near it's resistance and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

INDICATORS:-
RSI is trading near to 52.70 level with positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.

Monday, 16 February 2015

UK Stock Market Overview as on Monday, February 16 2015


MARKET OVERVIEW

UK stock Market Overview 

London stock market was at the greener side on Friday after gains in commodity prices and Brent oil touching the prices of $60 a barrel first time this year. Also on other side hopes increased that Europe can come to an agreement over the future of Greece.
The FTSE 100 rose 0.7% to 6873.52 by the end of trade, its best finish since early September 2014. If during the day market is breaching the resistance level of 6890 on upside after consolidation, then it can test the level of 6960 with the support of 6840.

 
TOP GAINER
Name
Close Price
Change %
BHP Billiton
1569
4.98
Glaxosmithkline
1553
4.54
Rolls-Royce Hldgs
944.5
4.36
BG Group
974.8
4.32
Rio Tinto
3151.5
3.68

TOP LOSER

Name
Close Price
Change %
BT Group
439.1
2.42
Carnival
2900
2.13
Associat Brit Foods
2905
2.06
SSE
1568
2.00
United Utilities Gr
954
1.95