AUD/CAD sustaining on higher levels

The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels and consolidating with a strong positive bias. In its 4 hourly chart the pair is taking support 200 and 30 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9812 it can come up to the levels of 0.9880/0.9930 in today’s trading session.

CLICK HERE FOR 3 DAYS FREE  TRIAL

INDICATORS:-RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line has crossed the zero line , indicating the up trend in the market.

STRATEGY:- AUD/CAD is sustaining on higher levels & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

To get daily and weekly UK market ,comex ,forex report and forex signals live chart on your mail register yourself for free trial.

Forex signals live charts

The major trend of USD/JPY is bullish. Prices are successfully consolidating with strong positive bias taking resistance of falling trend line and expected to give breakout at upside. If the pair crosses the important level of 121.55 and sustains above it then it can continue its ongoing trend. If USD/JPY crosses the resistance level of 121.60 at upside then we can expect it to test the level of 122.20/122.60. 

                                            

CLICK HERE FOR 3 DAYS FREE  TRIAL

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

Prices are also taking support of 200 DMA, can show positive side movement for the day.

STRATEGY:- USD/JPY is sustaining on higher levels & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

To get daily and weekly forex report and forex signals live chart on your mail register yourself for free trial.

UK equities recovered

London stocks gains after the retail sector outweighed falls from energy stocks on Monday, as UK equities recovered strongly after their worst weekly performance so far this year. The economic data calendar was relatively quiet on Monday, as the focus remains on the upcoming Federal Reserve decision and UK Budget on Wednesday

The FTSE 100 index ended the session up by 0.94% to 6804.08, after dropping 2.5 % last week. If during the day market is breaching the support level of 6760 on downside after consolidation, then it can test the level of 6700 with the resistance of 6810.

RECOMMENDATION SELL

TARGET 420

The Major trend of Dixons Carphone Plc is sideways and it is showing strength for selling . If it moves below the support level then one can initiate the short position in the stock. If it breaks the level of 425 then it can show downside movement for the target of 420 with the stop loss of 429.

CHART FORMATION:-

Stock is trading near its support and sustaining below that trendline is indicating selling in the chart. Crossing the trendline will lead to downside movement. Stock is trading below the 50 and 200 DMA with negative bias.

INDICATORS:-

RSI is trading near to 49.65 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

To get daily and weekly forex report and forex signals live chart on your mail register yourself for free trial.

CAD/JPY This Week

The primary trend of CAD/JPY is bearish, In its 4 hourly chart, prices are taking support of rising trend line & consolidating with a negative bias. 30 DMA & 200 DMA are also providing resistance to the prices & supporting the further downtrend. CAD/JPY has breeak the trend line and sustaining below it indicating the downside movement in the prices. If it breaks the level of 94.50 & sustains below it we can expect it to come down to the levels of 93.70/93 in next few days.

CLICK HERE FOR 3 DAYS FREE  TRIAL

TARGET 93

INDICATORS:-

RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.

In MACD

Prices are sustaining below the zero line ,supporting the down side movement in the market

STRATEGY:- CAD/JPY is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

FTSE london | Gains

London stocks gains after pharma and beverage stocks ended in positive note. In Economic data on Thursday, UK trade balance registered an unexpectedly large improvement at the start of the year. The deficit on sales of goods overseas shrank to £8.4bn in January from a revised £9.9bn, better than the £9.7bn consensus forecast. Meanwhile, Eurozone industrial production fell 0.1% in January after a 0.3% rise in December, missing the +0.2% estimate.

The FTSE 100 index end the session positive up by 0.59% to 6761.07 pulling back after hitting a high of 6,799.84 earlier, with concerns about Greece weighing on sentiment in afternoon trade. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

CLICK HERE FOR 3 DAYS FREE  TRIAL

Sports Direct International Plc

RECOMMENDATION SELL

TARGET 634

The Major trend of Sports Direct International Plc is sideways and it is showing strength for selling . If it moves below the support level then one can initiate the short position in the stock. If it breaks the level of 650 then it can show downside movement for the target of 634 with the stop loss of 664.

CHART FORMATION:-

Stock is trading near its support and sustaining below that trendline is indicating selling in the chart. Crossing the trendline will lead to downside movement. Stock is trading below the 50 and 200 DMA with negative bias.

INDICATORS:-

RSI is trading near to 34.07 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

Forex trading signal-AUD/CAD

The overall trend of AUD/CAD is sideways, but from the last few days prices are not sustaining at lower levels & taking resistance of falling trend line & consolidating with a positive bias. In its hourly chart the pair is forming a falling channel which indicates the prices to show upside movement. 30 DMA is also acting as a support for the prices & can come up to test 200 DMA, indicating the strength for the northward journey. If AUD/CAD crosses the level of 0.9720 it can come up to the levels of 0.9780/0.9820 in today’s trading session.

   

CLICK HERE FOR 3 DAYS FREE  TRIAL

RSI is sustaining in buying territory & indicating the positive side movement for the day.

In MACD, MACD line has crossed the zero line & supporting the upside movement for next few sessions.

STRATEGY:- AUD/CAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions

Forex signals live chart

USD/JPY

The USDJPY broke down during the session on yesterday, we trace in all of the gains for Monday. This market has broken out to the upside above the 120 level. Because of this, we are looking for short-term supportive candles in order to go long, and we think that we can enter with a longer-term buy-and-hold perspective. We have no interest in selling as the US dollar is the favored currency around the world right now. With that, we are very bullish.

CLICK HERE FOR 3 DAYS FREE  TRIAL

NZD/USD

The NZDUSD broke down a little bit during the session on yesterday, as the New Zealand Dollar continues to lose strength. With that, we are bearish of this marketplace, and recognize that it will more than likely to continue to be one that can be sold every time it rallies. We believe that the 0.70 level is the longer-term target, and that there is a significant resistance barrier somewhere near the 0.7650 level. We have no interest in buying it and look at rallies as selling opportunities, as it represent value in the US dollar.