Technical Report

Tuesday October 15 , 2013 07:39 GMT

Latest technical updates USD/CAD European Session The pair moved to the downside in the Asian session on Tuesday supported by negativity on momentum indicators Tuesday October 15 , 2013 06:51 GMT USD/CHF European Session After reaching 0.9065 the pair rebounded to the upside quickly to prove the importance of this level Tuesday October 15 , 2013 06:46 GMT USD/JPY European Session The pair reached areas of 98.75 -38.2% Fibonacci correction- and now we do not rule out a slight downside correction Tuesday October 15 , 2013 06:41 GMT GBP/USD European Session We still see trading below 1.6060 as negative and stability below it favors the extension of the downside Tuesday October 15 , 2013 06:34 GMT EUR/USD European Session The unsuccessful attempts to hold above 1.3605 failed the upside move yesterday and as we mentioned before Tuesday October 15 , 2013 06:29 GMT NZD/USD European Session Update Holding above the broken resistance-turned-support at 0.8340 should keep the bullish bias dominant. Tuesday October 15 , 2013 06:04 GMT AUD/USD European Session Update The bullish scenario remains favored. Tuesday October 15 , 2013 06:00 GMT Silver European Session Update The next possible target is at the previous swing low at 20.60 support level. Tuesday October 15 , 2013 05:46 GMT Gold European Session Update Holding below 1273.00 should clear the way for further losses Tuesday October 15 , 2013 05:41 GMT WTI Crude Oil European Session Update Only a break above the trend line will start to threaten the bearish scenario. Tuesday October 15 , 2013 05:50 GMT SPX Futures (SP13DEC) EU Session Stability above 1702.50 canceled the negative outlook over short and medium term basis Tuesday October 15 , 2013 07:32 GMT Dow Futures (DJ13DEC) EU Session Dow Jones Futures for December (DJ13DEC) E.U. Report Dow futures traded above 15155.00 and breached 15200.00 failing the intraday bearish expectations and we can now reason the extension of the upside move over short term basis. Linear Regression Indicator 34 is positive accompanied by a long bullish candle and therefore the extension of bullishness is now likely. Trading above 15070.00 is positive supported by returning within the ascending channel. For today, trading above 15155.00 will be considered positive. **Trading range expected today is between the main support at 15070.00 and the main resistance at 15420.00 **Short-term trend is sideways, as far as trading between 14740.00 and 15600.00 remains intact Based on the above, buy Dow futures above 15200.00 targeting 15270.00, 15310.00 then 15355.00 and stop-loss at four-hour closing below 15120.00 Tuesday October 15 , 2013 07:27 GMT EUR/JPY European Session Even with the downside move seen, the pair remains above 23.6% correction as seen on graph Tuesday October 15 , 2013 07:04 GMT GBP/JPY European Session The pair is stable above 23.6% correction around 157.00 and above the EMA 50 at 156.80 Tuesday October 15 , 2013 06:58 GMT EUR/GBP European Session Update Further upside is probable over the near term. Tuesday October 15 , 2013 06:09 GMT

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