Forex Technical Analysis

[robert11]

Commodities

Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation
Oil Drops From Four-Month High Before U.S. Debt Ceiling Talks
Copper Gains for Third Day as U.S. Housing Starts Beat Forecast

 

[robert11]

INDICATORS



DJIA


13649.7


53.7


EUR


1.331


0.0


DINR1M


53.98


-0.6


NSE1M


53.935


0.0775

NASDAQ


3134.705


-1.3


GBP


1.5864


0.0


DINR2M


54.24


-0.63


NSE2M


54.19


0.0825

FTSE


6154.41


22.0


JPY


89.51


-0.6


INR-Spot


53.9337


0.2274


MCX1M


53.9375


0.08

NIKKEI


10795.87


-117.4


GOLD


1689.83


5.6


NDF1M


54.21


0.27


MCX2M


54.1925


0.08

HANG-S


23595.32


-6.5


SILVER


31.95


0.1


NDF2M


54.44


0.25


WTI


95.1


-0.46

NIFTY


6073.8


9.4


3MCU


8067.25


6.3


SENSEX


20110.42


71.38


BRENT


111.57


-0.32

 

[robert11]

OIL
Oil prices rose on Friday, recovering from an earlier dip after news that the U.S. House of Representatives will consider a bill to raise the debt ceiling enough to allow the country to pay its bills for another three months. Brent March crude rose 79 cents to close the week at$111.89 a barrel, having risen from around $107 a barrel in early December.

 

[alex22]

gbp jpy

In weekly view the price is swinging channelized and currently it is at the upper limit of that and we are observing alt Bat pattern simultaneously. we are expecting to to see the price declining in the pair if the bears keep pressing on the sterling down. we will be looking for trigger to go short using lower time frames. According to negative divergence in daily time frame, we are expecting to have the yen appreciated by breaking through uptrend line around 140.00.

 

[alex22]

gbp aud

In daily point of view, the price is in uptrend mode and currently is in two gartely and ab=cd patterns area. Till the late month its time period would be fulfilled and we will be witnessing the price to climb if the demand over comes to supply to be seen.
we are looking to for opportunities to go long using lower time frames.

 

[alex22]

eur aud h1

pattern inv ab=cd- bat

 

[alex22]

post

duplicate

 

[alex22]

eur cad

According to structure of the price action in daily time frame the price is fluctuating up inside an upward channel. Due to MACD formation and the lack of association between price and the indicator, there is likely a probability of negative divergence. The time would be fulfilled till the 25th Jan. and we are expecting to witness the price dropped if the divergence to be established.

 

[alex22]

eur usd

time daily - pattern: ab=cd

 

[alex22]

eur aud h1

pattern inv ab=cd- bat