AUD/USD Forecast January 7, 2014, Technical Analysis
The AUD/USD pair went back and forth during the session on Monday, ultimately settling nothing.
Strategies
Short-Term USD/JPY Daily Analysis – January 6, 2014
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 96.94 (Oct 25, 2013 low), the fall from 105.44 could be treated as consolidation of the uptrend.
Short Term – Daily Forex Analysis – November 5, 2013
GBPUSD is testing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813 (Jul 9 low), and one more rise to 1.6500 area to complete to upward movement would likely be seen. On the downside, a breakdown below 1.5894 support will suggest that the uptrend from 1.4813 had completed at 1.6259 already, then the following downward movement could bring price back to 1.4500 zone
Morning Coffee – November 4th
With the first two trading days in the bag markets look to be setting up for a lower open as traders focus on Friday’s delayed non-Farm Payroll results for October.
Monday November 4th – Mid-Morning 52 week high list
Mid-Morning 52 week high list. As our readers know we like to look at the 52 week high list on down days to create a list of stocks to begin our stock selection process but even more important is the 52 week high list during a series of down session coupled with an overall weak month. Today’s New 52 Week High Stocks Symbol New High Prev 52wk High
Short Term – Daily Forex Analysis – November 4, 2013
GBPUSD is facing 1.5894 support, a breakdown below this level will indicate that the uptrend from 1.4813 (Jul 9 low) had completed at 1.6259 already, then the following downward movement could bring price to 1.4500 area.
Crude oil continues lower, not helped by the fundamentals!
Crude oil continued its bearish tone once again last week, closing the oil trading session on Friday at $94.61 per barrel for the December futures contract. With the fundamental picture now calming, the technical element is taking center stage, and in the last few weeks crude oil has breached several key levels, as outlined in previous posts.
Monday’s Pre-Market Trending Stocks
Early morning stocks that are trending in the U.S. pre-market this morning are:
Morning Coffee – November 4th
As we begin another the first full trading week of November traders are likely to maintain their focus on U.S. economic data reports.
Friday November 1st – Mid-Morning 52 week high list
As our readers know we like to look at the 52 week high list on down days to create a list of stocks to begin our stock selection process but even more important is the 52 week high list during a series of down session coupled with an overall weak mont
You must be logged in to post a comment.