Friends Life | Trend sideways

London stocks slips from record high after Greece uncertanity arises which lead index to fall from all-time highs on Wednesday as investors scaled back their appetite for risk after a rally the previous session.In economic data on Wednesday, the British Banker's Association reported that UK mortgage approvals increased more than expected in January.

RECOMMENDATION SELL

TARGET 408

The Major trend of Friends Life Group Limited Plc is sideways and it is showing strength for selling . If it moves below the support then one can initiate the short position in the stock. If it breaks the level of 413.50 downside then it can show downside movement for the target of 408 with the stop loss of 417.80.

  CHART FORMATION:-Live chart shows that it is trading near its support and breaking below that support trendline will lead to selling in the chart. Crossing the support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 44.31 level with negative bias, in upcoming session downside movement is expected.

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

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FOREX Trading Signal: GBP/USD Today on 19th May

GBP/USD Trend Today

Quotes performed reversal in favor of the U.S. dollar and began the process of falling in the direction of the correctional level 100.0% - 1.6319. Emerging divergence in none of the indicator is not visible. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the British currency and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the level of 100.0% correction will increase the likelihood of continuing drop in prices towards the next correction level 76.4%- 1.5968.

Couple on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled, but the couple still performed a U-turn in favor of the British pound and the beginning of growth in the direction of correction level 261.8% - 1.7289. Emerging divergence is observed. Securing of the pair on May 19 under the level of 200.0% correction would allow to expect further drop in prices in the direction of the correctional level 161.8% - 1.6336.

FOREX Trading Signal For Today: AUD/USD Trend

AUD/USD Today

AUD/USD Trend 

Today the pair AUD/USD traded with a neutral character, bulls gradually gain strength, trying to break out of the range. Currently on the daily chart we can see the main downward trend of gradually increasing interest prevails. As previously predicted, after a bullish rally in the market gradually went along consolidation range 0.9215/0.9265. Now we see how the market has a balance between bulls and bears, giving time for taking a decision on the future course. Development of the plot for the next trading days may be so- maybe we will see further uncertainty in the range (0.9215/0.9265) as long as the bulls or bears are not handled market. If the price still be able to cross 0.9265 mark and demonstrate growing interest in long positions, it is possible to expect a gradual rise to the historical level of 0.9365, which is probably formed deeper bearish correction.

Key resistance levels are 0.9275, 0.9365 and 0.9450 while support levels are looking at 0.9200, 0.9100 and 0.9000 levels

FOREX Signal

Buy a pair of recommended at a price above 0.9265, with the prospect of running to around 0.9365.

Sale recommends a pair at a price below 0.9190, with the prospect of running to around 0.9100.

Technical Analysis and Trading Recommendations for USD/JPY Today

Technical Analysis of USD/JPY

Analyzing the yen in the Forex market on March 18, it is seen that the price continues corrective movement to pivot level of 101.98. Current sell signal is confirmed and strong as Chinkou Span is below the price, and the price is below the Ichimoku cloud. So now aim for a downward movement is the first support level of 100.56. In the case of overcoming the first target, the downward movement may continue with a view- the second support level of 99.77. Downward movement relevant to until the price is below the critical line Kijun-sen (102.15), if the price consolidates above the Kijun-sen, the "dead cross" weaken and may cancel, and further downward movement is called into question, Ascending same movement may continue with a view to the first resistance level of 102.77.

Trading recommendations:

Yen in the foreign exchange market is now advised to consider the sell position with the first target 100.56. In the case of overcoming the first target, sell orders will be relevant for the purpose of 99.77. Stop loss placed above 102.15 and with the lowering of the line can be moved down and stop loss. Open new short positions will be the rebound rates from 101.98 pivot level (or critical line), or in the case of the MACD reverses down (may be late to the reaction) . When entering transactions in the profitability of 50-60 points, Stop Loss can be transferred into the zone bezubytka. Take profits can be set at about 100.65 and 99.85. In addition to the technical picture should also consider the fundamental data and the time of their release. If possible, open trades "proactive" can move to a smaller timeframe (M15-M30) and observe the reversal of the trend indicator (eg Heiken Ashi ) about the price level, which is about possible price reversal.

FOREX Signal For Today: USD/CHF Down Today

USD/CHF Trend Today 

Downward movement has prospects as long as price is below the Kijun-sen (0.8930) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF. Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down, which indicates a downward price movement if the indicator will unfold the top, it could signal the beginning of a new round of corrective movement. If the price will bounce from 0.8873, it can also trigger an upward correction.

FOREX Signal For Today

USD/CHF on the FOREX market is now advised to consider shorts with the first goal- 0.8873. When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8930, and if this line will be reduced, it is possible to carry stop-loss after her. Closed manually short positions recommended in case prices rebound from 0.8873 level or at the turn of the MACD indicator upward. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825.

FOREX Signal For Today: Gold Technical Analysis

AUD/USD H1

FOREX Signal For Today

AUD/USD has formed double bottom in hourly chart indicating reversal pattern. Bears are advised to be cautious while bulls can wait for confirmation before going LONG.

GOLD TECHNICAL ANALYSIS – Prices are testing above resistance at 1272.99, the 50% Fibonacci retracement level. A break higher on a daily closing basis exposes the 61.8% level at 1282.80. Near-term support is in the 1263.10-67.71 area, marked by a horizontal pivot and the 38.2% Fib.

Today's Economic Data: USD Trading Bullish Against CHF

USD/CHF after todays strong rally, took resistance at trendline. If it sustains below 0.8975 till today's session ends, It can turn bearish for the next week.