Technical Report

Wednesday October 2 , 2013 08:18 GMT

Latest technical updates EUR/USD European Session The pair dropped yesterday after approaching 88.6% correction at 1.3605 levels Wednesday October 2 , 2013 06:22 GMT AUD/USD European Session We prefer to move to the sidelines, as price could be heading towards a period of sideways market. Wednesday October 2 , 2013 06:34 GMT GBP/USD European Session The pair dropped but remained limited above 88.6% correction at 1.6170 Wednesday October 2 , 2013 06:37 GMT NZD/USD European Session We prefer to wait for a confirmation before suggesting a rebound. Wednesday October 2 , 2013 06:41 GMT USD/CAD European Session The pair is moving to the upside getting gradually closer to 23.6% correction at 1.0380. Breaching 1.0380 Wednesday October 2 , 2013 07:07 GMT USD/CHF European Session The downside move was halted yesterday and the pair moved to the upside but remained limited below Linear Regression Indicators Wednesday October 2 , 2013 07:01 GMT USD/JPY European Session The pair is trading below 38.2% correction at 98.00 Wednesday October 2 , 2013 06:54 GMT Gold European Session Further downside is likely today, as price breaks a key support level Wednesday October 2 , 2013 05:55 GMT Silver European Session The intraday bearish scenario is favored as price holds below 21.40-21.50 broken support Wednesday October 2 , 2013 06:09 GMT WTI Crude Oil European Session The intraday bearish bias will probably continue, however 102.77 should limit any unexpected rally Wednesday October 2 , 2013 06:20 GMT SPX Futures (SP13DEC) EU Session We still see chances for SPX to resume the upside move as far as trading holds above 1675.50 Wednesday October 2 , 2013 08:04 GMT Dow Futures (DJ13DEC) EU Session The upside attempts seen yesterday failed to push Dow futures above Linear Regression Indicator 55 Wednesday October 2 , 2013 07:58 GMT EUR/JPY European Session The pair resumed the downside move approaching the ascending channel's support at 131.65 Wednesday October 2 , 2013 07:35 GMT GBP/JPY European Session The pair kick started trading on Wednesday with more downside bias breaking MA 50 at the time Stochastic offered oversold signals Wednesday October 2 , 2013 07:25 GMT EUR/GBP European Session The bearish scenario remains favored, and holding below 0.8400 should keep the intraday bias to the downside. Wednesday October 2 , 2013 06:46 GMT

Advertisement

www.icn.com  | contact us: info@icn.com

Risk Disclaimer: All information on this page is subject to change. The use of this website constitutes acceptance of our Privacy Policy and Terms of Service. Please read our Privacy Policy and legal disclaimers. Please note that Forex trading (OTC Trading) involves substantial risk of loss, and may not be suitable for everyone.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management. ICN.com has not verified the accuracy of any claim or statement made by any independent. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained in this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.