Technical Report

Wednesday October 16 , 2013 07:48 GMT

Latest technical updates USD/CAD European Session Over four-hour basis, the USDCAD is trading within an ascending channel since placing the low at 1.0181 Wednesday October 16 , 2013 06:55 GMT USD/CHF European Session Although the pair halted the upside move yesterday, yet we can still see stability above 0.9110 areas Wednesday October 16 , 2013 06:53 GMT USD/JPY European Session The pair fluctuated heavily yesterday and as seen on graph the four-hour candle closing remained steady above 50% correction Wednesday October 16 , 2013 06:48 GMT EUR/USD European Session The pair failed once again in holding below 1.3505 as the pair rebounded higher after trading dipping below it Wednesday October 16 , 2013 06:46 GMT GBP/USD European Session The pair halted the downside move yesterday after failing to hold below Linear Regression Indicator 55 Wednesday October 16 , 2013 06:42 GMT NZD/USD European Session Update A retest of the previous high at 0.8435 is the next main target. Wednesday October 16 , 2013 06:36 GMT AUD/USD European Session Update Further upside remains the most likely scenario Wednesday October 16 , 2013 06:32 GMT Silver European Session Update We prefer to wait for further confirmation. Wednesday October 16 , 2013 06:23 GMT Gold European Session Update We prefer to move to the sidelines awaiting confirmation. Wednesday October 16 , 2013 06:14 GMT WTI Crude Oil European Session Update A decisive break with stability below 101.00 is necessary now to confirm further downside. Wednesday October 16 , 2013 06:27 GMT SPX Futures (SP13DEC) EU Session Over four-hour basis, a single candle managed to fail our positive expectations yesterday with closing below 1693.25 Wednesday October 16 , 2013 07:47 GMT Dow Futures (DJ13DEC) EU Session The heavy fluctuation and volatility seen yesterday provided a four-hour closing below 15120.00 our stop-loss for the positive recommendation Wednesday October 16 , 2013 07:41 GMT EUR/JPY European Session The pair reached the main ascending support as seen on graph from where it rebounded to the upside attempting to gain positive momentum Wednesday October 16 , 2013 07:36 GMT GBP/JPY European Session Stability above 156.60 triggered the positive intraday bias yesterday despite the attempts to the downside Wednesday October 16 , 2013 07:32 GMT EUR/GBP European Session Update The retreat may be a retest to the broken trend line ahead of resuming the bullish breakout, Wednesday October 16 , 2013 06:41 GMT

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