somnathmukherjee82
Junior member
- Messages
- 11
- Likes
- 0
Forex and Indices - World Market Overview
Forex
EURUSD
The EURUSD slipped a bit today facing minor resistance near the weekly H4 levels. Trader are however advised to hold on to their longs and wait for the pair to cross the H4 level of 1.3367. With the buy signal on our charts still in place, it is expected that EURUSD will make its move towards H5.
GBPUSD
Weekly L3 levels are providing some support to the GBPUSD pair and holding it back from dropping low. However, since the sell signal holds good, traders may remain short and wait for a break. However, please be cautioned that the L3 level is a strong support level and may make the pair change direction.
USDCHF
A small positive move made the pair close at 0.9626 though it failed to take the pair beyond the major resistance of L4. This makes the pair all the more vulnerable and adds to our odds of making nice gains. Traders are advised to remain short.
USDJPY
Though under a buy signal on our charts, the pair is facing some resistance at around 84. The Camarilla resistance levels around this zone do not pose much of a threat and hence traders may remain long in accordance with our chart signal.
World Indices
US Markets
Dow Jones
The Dow continued its usual northward journey in accordance with our predictions and stands very close to the H4 level of 11478.17. Traders may wait for this level to be broken and expect the index to touch H5.
Nasdaq
The Nasdaq slipped a bit today and closed around the L2 support level. While being under a buy signal, traders are advised to remain long in the index.
Asian Markets
Nikkei
The Nikkei gained from yesterday's close and came to a halt at 10316.8 bringing it closer to the weekly H4 levels. While we hold on to our longs. the index shows high chances of providing a H4 breakout trade opportunity.
Straits Times
Without much movement. STI today closed at the weekly L2 level. This is a support level and the buy signal on the charts indicates that we keep our longs open.
Hang Seng
The Hang Seng shed a few points today and closed just below the weekly H4 level. Traders are advised to wait and keep their longs open since the index is very close to a breakout trade opportunity.
KOSPI
A gainer in the last trading session, the KOSPI closed just above the H4 level of 2007.81, thus opening a breakout trade. Traders are advised to remain long and wait for the index to touch 2026.
Shanghai Composite
Though the charts indicate selling pressure, the SSEC did go into a breakout trade as warned yesterday. A dicy situation to handle, the index shows some signs of facing resistance. Only aggressive traders may remain short.
Nifty
After making minor gains, the Nifty closed at 5944.1 which demonstrates resistance around the weekly H3 levels. Hence it is a good indication on our side and traders may keep holding to thier short positions.
European Markets
FTSE
A big move again on the charts after our buy signal made FTSE move into the H4 - H5 breakout trade zone. Traders may hold on to their longs and wait for the index to touch H5 levels of 5936.
CAC
The CAC also made positive moves today and closed at around 3902 bringing it closer to the H4 zone. With the buy signal still holding good since 3800 levels, traders are advised to wait for a breakout trade opportunity. Remain long.
DAX
Not making much movement in the last session, the DAX closed at 7027.4 which is close to the major H3 resistance of 7032. Traders may remain cautious about a possible H3 reversal near that zone.
Forex
EURUSD
The EURUSD slipped a bit today facing minor resistance near the weekly H4 levels. Trader are however advised to hold on to their longs and wait for the pair to cross the H4 level of 1.3367. With the buy signal on our charts still in place, it is expected that EURUSD will make its move towards H5.
GBPUSD
Weekly L3 levels are providing some support to the GBPUSD pair and holding it back from dropping low. However, since the sell signal holds good, traders may remain short and wait for a break. However, please be cautioned that the L3 level is a strong support level and may make the pair change direction.
USDCHF
A small positive move made the pair close at 0.9626 though it failed to take the pair beyond the major resistance of L4. This makes the pair all the more vulnerable and adds to our odds of making nice gains. Traders are advised to remain short.
USDJPY
Though under a buy signal on our charts, the pair is facing some resistance at around 84. The Camarilla resistance levels around this zone do not pose much of a threat and hence traders may remain long in accordance with our chart signal.
World Indices
US Markets
Dow Jones
The Dow continued its usual northward journey in accordance with our predictions and stands very close to the H4 level of 11478.17. Traders may wait for this level to be broken and expect the index to touch H5.
Nasdaq
The Nasdaq slipped a bit today and closed around the L2 support level. While being under a buy signal, traders are advised to remain long in the index.
Asian Markets
Nikkei
The Nikkei gained from yesterday's close and came to a halt at 10316.8 bringing it closer to the weekly H4 levels. While we hold on to our longs. the index shows high chances of providing a H4 breakout trade opportunity.
Straits Times
Without much movement. STI today closed at the weekly L2 level. This is a support level and the buy signal on the charts indicates that we keep our longs open.
Hang Seng
The Hang Seng shed a few points today and closed just below the weekly H4 level. Traders are advised to wait and keep their longs open since the index is very close to a breakout trade opportunity.
KOSPI
A gainer in the last trading session, the KOSPI closed just above the H4 level of 2007.81, thus opening a breakout trade. Traders are advised to remain long and wait for the index to touch 2026.
Shanghai Composite
Though the charts indicate selling pressure, the SSEC did go into a breakout trade as warned yesterday. A dicy situation to handle, the index shows some signs of facing resistance. Only aggressive traders may remain short.
Nifty
After making minor gains, the Nifty closed at 5944.1 which demonstrates resistance around the weekly H3 levels. Hence it is a good indication on our side and traders may keep holding to thier short positions.
European Markets
FTSE
A big move again on the charts after our buy signal made FTSE move into the H4 - H5 breakout trade zone. Traders may hold on to their longs and wait for the index to touch H5 levels of 5936.
CAC
The CAC also made positive moves today and closed at around 3902 bringing it closer to the H4 zone. With the buy signal still holding good since 3800 levels, traders are advised to wait for a breakout trade opportunity. Remain long.
DAX
Not making much movement in the last session, the DAX closed at 7027.4 which is close to the major H3 resistance of 7032. Traders may remain cautious about a possible H3 reversal near that zone.
