Technical Report

Wednesday October 16 , 2013 12:21 GMT

Latest technical updates USD/CAD U.S. Session Trading is currently biased to the downside but remains limited in areas above the support of the minor ascending channel Wednesday October 16 , 2013 12:01 GMT USD/CHF U.S. Session The extension of the current downside move to break 0.9065 will accelerate the downside move. Wednesday October 16 , 2013 11:56 GMT USD/JPY U.S. Session Thin trading is seen for USDJPY since morning with a slight downside bias; bearishness remained limited till now above 50% correction at 98.20 Wednesday October 16 , 2013 11:51 GMT GBP/USD U.S. Session GBPUSD turned higher in the European Session today weakening the bearish expectations Wednesday October 16 , 2013 11:47 GMT EUR/USD U.S. Session The EURUSD turned higher and currently threatening the negative formation but still did not cancel it Wednesday October 16 , 2013 11:41 GMT NZD/USD U.S. Session Update A break above this high should clear the way for further upside over the near term. Wednesday October 16 , 2013 10:28 GMT AUD/USD U.S. Session Update Our earlier bullish scenario remains valid and unchanged. Wednesday October 16 , 2013 10:24 GMT Silver U.S. Session Update We remain on the sidelines, awaiting a more decisive trading signal. Wednesday October 16 , 2013 10:09 GMT Gold U.S. Session Update We maintain our neutral stance awaiting a confirmation signal. Wednesday October 16 , 2013 10:05 GMT WTI Crude Oil U.S. Session Update We hold onto our bearish scenario unchanged. Wednesday October 16 , 2013 10:12 GMT SPX Futures (SP13DEC) US Report SPX futures are slightly biased to the downside, but still trading between 1700.00 and 1693.25 Wednesday October 16 , 2013 12:18 GMT Dow Futures (DJ13DEC) US Session Over hourly basis, we can see many short candles drawn around 15155.00 while also RSI 14 is trading sideways Wednesday October 16 , 2013 12:15 GMT EUR/JPY U.S. Session The pair gained upside momentum from areas around 133.00 support to rebound to the upside attempting currently to breach 23.6% correction Wednesday October 16 , 2013 12:11 GMT GBP/JPY U.S. Session The pair turned sharply higher after gaining upside momentum from 157.20 support areas Wednesday October 16 , 2013 12:05 GMT

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