Technical analysis - Page 247

Strong US data revived bets on an imminent QE rollback from the Fed, supporting the dollar and causing bond yields to rise. The news triggered a more than 2% plunge in gold prices, four times the amplitude of the dollar’s.

Once again, decline prevails on the stock markets. US indices closed lower for the fifth trading session out of the last six. Chinese statistics added to the anxiety in the markets on Wednesday morning, failing to meet the forecasts. Most.

Demand for risk assets in financial markets continues to shrink with two significant drivers. Firstly, sentiment is undermined by the sustained sell-off in equities that has dominated the week during the US trading session. Secondly, China is not backing down.

• EURUSD reversed from resistance area • Likely to test support level 1.1750 EURUSD currency pair recently reversed down from the resistance area set between the pivotal resistance level 1.19 (which has been reversing the price from July) and the.

• Natural gas broke major resistance area • Likely to rise to resistance levels 5.0 and 5.2 Natural gas earlier broke through the major resistance area located between the multi-year resistance level 4.895 (which started the sharp downtrend at the.

The USDCAD rallied strongly earlier in the week on a decline towards the cross of the 50- and 200-day moving averages. The sharp jump of 1.2% to 1.2700 should be taken as a signal that investors in North America remain.

• Platinum reversed from resistance area • Likely to fall to support level 965.00 Platinum recently reversed down from the resistance area located between the pivotal price level 1023,00 (which has been reversing the price form January) and the upper.

• EURNZD reversed from support area • Likely to rise to resistance level 1.6040 EURNZD currency pair recently reversed up from the support area located between the multi-month support level 1.6600 (lower boundary of the extended sideways price range from.

• Gold reversed from resistance area • Likely to fall to support level 1800.00 Gold recently reversed down from the resistance area located between the pivotal resistance level 1832.00 (which has been reversing the price from the start of July),.

• EURAUD reversed from support area • Likely to rise to resistance level 1.6040 EURAUD currency pair recently reversed up from the support area located between the support level 1.5910 (which has been reversing the price from the end of.

• GBPUSD broke resistance area • Likely to rise to resistance level 1.3960 GBPUSD recently broke the resistance area lying between the resistance level 1.3800 (top of wave 1) and the 38.2% Fibonacci correction of the downward impulse (C) from.

• Silver broke resistance area • Likely to rise to resistance level 25.00 Silver today broke the resistance area lying between the resistance level 24.00, resistance trendline of the daily down channel from June and the 38.2% Fibonacci correction of.