Technical view 03.12.2014 (11.00) -------------------------------------------------------- XAUUSD: Gold had some retreated yesterday but still stays firm above 1190 level. It has chance to stay in its bullish movement as long as it trades above 1175 level. Bias buy, keep holding buy or wait to buy on dips. Stop loss below 1190 level. Focus in US ADP Employment Change, Markit PMI, ISM Non-Manufacturing, then Fed Beige Book tonight. https://mql5/en/charts/2711504/xauusd-h1-mpf-global-markets?bind=1 Resistances : R1 = 1203 R2 = 1222-1225 R3 = 1234 Supports: S1 = 1189-1192 S2 = 1175-1177* S3 = 1168 Oil: A pending reversal candlestick in a daily chart has not been confirmed its reversal yet. Price pulled back to a support of 66.60 level for now. Wait-and-see or bias buy for short-term trade, stop loss below 66.60 or 66.00 levels, watch out for a resistance of 69.60 level. Focus in Crude Inventory data tonight. https://mql5/en/charts/2711512/oil-h4-mpf-global-markets Resistances : R1 = 68.30 R2 = 69.60 R3 = 71.60 Supports S1 = 66.60 S2 = 66.00 S3 = 65.10 EURUSD: EURUSD cannot beat up a downtrend line, price pulled back to trade below 1.2400 level. A reversal has not been confirmed, EURUSD lost its chance to end its downward movement. It is near to test the low of the year at 1.2360 level again. Bias sell, watch out for a buying power at a support of 1.2360 level. Focus in Markit Eurozone PMI data and Retail Sales today, then ECB rate decision and Draghi’s Press Conference tomorrow. https://mql5/en/charts/2711551/eurusd-h4-mpf-global-markets Resistances : R1 = 1.2400-1.2415 R2 = 1.2440 R3 = 1.2480 Supports: S1 = 1.2360* S2 = 1.2290 S3 = 1.2240 GBPUSD: GBPUSD cannot beat a bullish trigger of 1.5810 level, it pulled back to trade below 1.5700 level. Price is testing a support of 1.5630 for now, then watch at a major support of 1.5590 level. Bias sell or wait-and-see, focus in Markit/CIPS UK Construction PMI today and BOE rate decision tomorrow. https://mql5/en/charts/2711570/gbpusd-h4-mpf-global-markets Resistances : R1 = 1.5700 R2 = 1.5765 R3 = 1.5800 Supports: S1 = 1.5630 S2 = 1.5590* S3 = 1.5550 USDJPY: USDJPY continues its uptrend, price stays firm above 119 level. Its uptrend movement has not been changed yet but. Bias buy, keep holding buy. Stop loss change to below 119.00 level. Focus in US ADP Employment data, US Services data and Fed Beige Book tonight. https://mql5/en/charts/2711576/usdjpy-h4-mpf-global-markets Resistances : R1 = 119.60 R2 = 120.00 R3 = 120.60 Supports: S1 = 119.00 S2 = 118.55 S3 = 118.15 AUDUSD: AUDUSD continues its downward move in a downtrend channel as expected, price drops to test a support of 0.8390 after disappointed in Australia 3Q GDP this morning. Bias sell, keep holding sell. Stop loss moves to be above 0.8420 or 0.8450 levels. Focus in Australia retail sales tomorrow morning. https://mql5/en/charts/2711591/audusd-h4-mpf-global-markets Resistances : R1 = 0.8430 R2 = 0.8465 R3 = 0.8530 Supports: S1 = 0.8390 S2 = 0.8360 S3 = 0.8310
Posted on: Wed, 03 Dec 2014 04:55:04 +0000
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