Daily Technical Analysis by Capital Street FX

DAILY REPORT ON JANUARY 05, 2018

The Dow Jones industrial average rose above the 25,000 level for the first time on Thursday and other major indexes scaled new records, propelled by strong economic data both in the United States and abroad. It took less than a year for the Dow to add a 5,000-point milestone, which is the fastest since the index was created in May 1896.
Strong manufacturing and services sector data from the world's largest economies provided a bullish tone to the market on Thursday. The U.S. ADP National Employment Report on Thursday showed U.S. private employers added 250,000 jobs in December, the biggest monthly increase since March and well above economists' expectations of a rise of 190,000.
The data also boosted expectations for Friday's payroll data by the U.S. Labor Department, where economists have forecast non-farm job growth of 190,000 in December.
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Technicals
EURUSD
Fig: EURUSD D1 Technical charts
EURUSD is trading positive on the daily chart. Currently, the market is testing the upper band of the Bollinger bands. The RSI is at 69.37. The MACD is also above the signal line. Important resistance is at 1.2105, which is the upper band of the Bollinger bands. Major support is at 1.19230.
Trade suggestion:
Buy limit at 1.20661, take profit at 1.20875, stop loss at 1.20540
GBPUSD
Fig: GBPUSD D1 Technical chart
GBPUSD has made higher highs and higher lows on the daily chart. The RSI is currently at 62.85. The MACD has made a positive crossover. Important resistance is at 1.35764 and support is at 1.35030. Gradually the market is on the rise with a positive bias.
Trade suggestion:
Buy stop at 1.35605, take profit at 1.35938, stop loss at 1.35440
AUDUSD
Fig: AUDUSD D1 Technical Chart
AUDUSD has pulled back on the daily chart. The MACD is positive. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI has pulled back, to 75.96. Important resistance is at 0.78980 and support is at 0.78140.
Trade suggestion:
Sell stop at 0.78354, take profit at 0.78112, stop loss at 0.78559
BTCUSD
Fig: BTCUSD D1 Technical charts
BTCUSD is hovering below the middle band of the Bollinger bands. The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The 9 day EMA is ready to make a positive crossover above the 20 day EMA. The RSI is placed above 50, at 52.69. The MACD is ready to make a positive crossover.
Trade suggestion:
Buy stop at 15620, take profit at 15850, stop loss at 14950
GOLD
Fig: GOLD D1 Technical chart
The Gold price is hovering above the 78.6% Fibonacci retracement level (from 1238.44 to 1362.19). The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 72.04. The MACD is positive. The middle band of the Bollinger bands has made a negative crossover with the 100 day EMA.
Trade suggestion:
Sell limit at 1318, take profit at 1305, stop loss at 1328
COPPER
Fig: COPPER D1 Technical charts
Copper is hovering below the 9 day EMA. The market is trading above the 20 day, 50 day and 100 day moving averages. The RSI is at 64.48. The MACD is ready to make a negative crossover. It may be expected that the market is turning and may head lower from here.
Trade suggestion:
Sell stop at 3.2510, take profit at 3.2326, stop loss at 3.2660
DAX30
Fig: DAX30 D1 Technical chart
DAX30 is currently trading above all the moving averages (9 day, 20 day, 100 day, 50 day, 200 day). The RSI is placed above 50, at 55.199. The MACD is ready to make a positive crossover, above the signal line. The 9 day EMA has made a positive crossover below the middle band of the Bollinger bands. Important resistance is at 13281 and support is at 13059.02.
Trade suggestion:
Buy limit at 13200, take profit at 13299, stop loss at 13150

DAILY REPORT ON JANUARY 10, 2018

Wall Street indices extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea. Healthcare stocks rose 1%, boosted by a 1.6-percent rise in Johnson & Johnson, a 5-percent gain in Gilead and an 8.3-percent jump in Boston Scientific shares. The S&P 500 and Nasdaq registered their sixth closing record highs in a row.
The S&P 500 financial sector ended 0.8% higher after yields on the 10-year U.S. Treasury note hit a 10-month high after the Bank of Japan said it will trim its purchases of Japanese government bonds.
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Technicals

AUDUSD
Fig: AUDUSD D1 Technical Chart
AUDUSD is trading in the negative zone on the daily chart. But the MACD is ready to make a negative cross over. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day) but below the middle band of the Bollinger bands. The RSI is at 63.96. Important resistance is at 0.78440 and support is at 0.78000.
Trade suggestion:
Sell stop at 0.78015, take profit at 0.77772, stop loss at 0.78270
USDCAD
Fig: USDCAD D1 Technical chart
USDCAD is moving in a range of 1.24763-1.23993 and trading below all the moving averages (9 day, 20 day, 50 day, 100 day, 200 day). The market is trading below the 50% Fibonacci retracement level (from 1.2049 to 1.618). The RSI is at 33.88. Currently, the MACD is below the signal line.
Trade suggestion:
Buy limit at 1.24754, take profit at 1.25000, stop loss at 1.24424
USDJPY
Fig: USDJPY D1 Technical chart
USDJPY is testing the lower band of the Bollinger bands on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is placed below 50 at 42.83. The MACD is below the signal line.
Trade suggestion:
Sell stop at 112.161, take profit at 112.016, stop loss at 112.300
RIPPLE
Fig: RIPPLE D1Technical chart
Ripple has made lower lows and lower highs on the daily chart. Currently the market is testing the middle band of the Bollinger bands. The RSI is at 53.30. The MACD has made a negative crossover below the signal line. The market is expected to bounce back.
Trade suggestion:
Buy stop at 1.973000, take profit at 2.038993, stop loss at 1.940000
SILVER
Fig: SILVER D1 Technical chart
SILVER is currently trading in the negative zone on the daily charts, and below the 78.6% Fibonacci retracement level (from 15.634 to 17.479). The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 55.73. The MACD is ready to make a negative crossover, below the signal line.
Trade suggestion:
Sell limit at 16.750, take profit at 16.625, stop loss at 16.881
COPPER
Fig: COPPER D1 Technical charts
Copper is hovering below the 9 day EMA on the daily charts. The market is trading above the 20 day, 50 day, 100 day and 200 day moving averages. The 20 day EMA has made a negative crossover above the middle band of the Bollinger bands. The RSI is at 57.95. The MACD has made a negative crossover.
Trade suggestion:
Buy stop at 3.2285, take profit at 3.2540, stop loss at 3.2100
CAC40
Fig: CAC40 D1 Technical Chart
CAC40 has made higher highs and lower lows on the daily charts. The market is trading above all the moving averages (9 day EMA, 20 day EMA, 50 day, 100 day and 200 day). The RSI is at 65.62 indicating an uptrend. The MACD is above the signal line. Resistance is at 5543 and support is at 5487.
Trade suggestion:
Buy stop at 5525, take profit at 5575, stop loss at 5500.

DAILY REPORT ON JANUARY 11, 2018

Wall Street's major indices were down on Wednesday while U.S. Treasury yields fell from their peak as investor doubt grew about a report that China would slow purchases of U.S. government bonds. The S&P 500 pared some losses after falling as much as 0.6 percent after the report, which also pushed the dollar down.
A threat by unnamed Chinese officials to stop or slow U.S. Treasury buying is being taken somewhat seriously by the bond market and is seen as a potential political message to Washington. Bloomberg on Wednesday reported that senior officials reviewing China's foreign currency holdings had recommended slowing or halting purchases of U.S. Treasuries because the debt is less attractive than other assets and, possibly, because of U.S. – China trade tensions.
The Dow Jones Industrial Average (DJI) was down 16.67 points, or 0.07 percent, to 25,369.13, the S&P 500 (SPX) lost 3.06 points, or 0.11 percent, to 2,748.23 and the Nasdaq Composite (IXIC) dropped 10.01 points, or 0.14 percent, to 7,153.57.
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Technicals
USDCAD
Fig: USDCAD D1 Technical chart
USDCAD is trading above the 9 day EMA and trading below the 20 day, 50 day, 100 day, and 200 day moving averages. The market is trading below the 61.8% Fibonacci retracement level (from 1.2065 to 1.618). The RSI is at 42.42. Currently, the MACD is ready to make a positive crossover, above the signal line.
Trade suggestion:
Buy stop at 1.25499, take profit at 1.25731, stop loss at 1.25380
AUDUSD
Fig: AUDUSD D1 Technical Chart
AUDUSD is trading in the positive zone on the daily chart. But the MACD is above the signal line. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 72.73. Important resistance is at 0.79230 and support is at 0.78330.
Trade suggestion:
Buy stop at 0.78659, take profit at 0.78834, stop loss at 0.786100
USDJPY
Fig: USDJPY D1 Technical chart
USDJPY has made a bounce back on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is placed below 50 at 39.23. The MACD is below the signal line, and ready to make a positive crossover.
Trade suggestion:
Buy stop at 111.833, take profit at 112.000, stop loss at 111.7490
BITCOIN
Fig: BITCOIN D1Technical chart
Bitcoin is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day) on the daily chart. The RSI is at 44.49. The MACD has made a negative crossover below the signal line. The market is expected to bounce back.
Trade suggestion:
Buy stop at 13429, take profit at 14083, stop loss at 12837
SILVER
Fig: SILVER D1 Technical chart
SILVER is currently trading in the negative zone on the daily charts, and below the 78.6% Fibonacci retracement level (from 15.634 to 17.479). The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 55.73. The MACD is ready to make a negative crossover, below the signal line.
Trade suggestion:
Buy limit at 16.830, take profit at 16.993, stop loss at 16.800
WTI CRUDE
Fig: WTI Crude D1 Technical chart
WTI crude has made higher highs on the daily chart. Currently, the market is trading in the range of $63.26 - $63.60. The RSI is at 51.25. The MACD is also positive. Important resistance is at 63.87.Major support is at 62
Trade suggestion:
Sell stop at 63.30, take profit at 62.80, stop loss at 63.50
DAX30
Fig: DAX30 D1 Technical Chart
DAX30 is trading in the negative zone on the daily charts. The market is trading above all the moving averages (9 day EMA, 20 day EMA, 50 day, 100 day and 200 day). The RSI is at 57.17. The MACD is above the signal line. Resistance is at 13349 and support is at 13207.
Trade suggestion:
Sell stop at 13225, take profit at 13131, stop loss at 13280

DAILY REPORT ON JANUARY 18th 2018

Wall Street rallied on Wednesday to touch a new record, on a rebound in technology shares, while economic reports supported the dollar amid optimism over global growth.
In the U.S. equity markets, tech shares led the advance after a modest pullback on Tuesday. IBM Corp, which gained 2.9 percent to $168.65, helped the overall market, after Barclays upgraded the stock two notches to "overweight" ahead of its quarterly results on Thursday.
Notable laggards were Goldman Sachs Group Inc, down 1.86 percent and Bank of America Corp, off 0.19 percent, after their quarterly results included charges related to the new federal tax law.
The Dow Jones Industrial Average rose 322.79 points, or 1.25 percent, to 26,115.65, the S&P 500 gained 26.14 points, or 0.94 percent, to 2,802.56 and the Nasdaq Composite added 74.59 points, or 1.03 percent, to 7,298.28.
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Technicals
EURUSD
Fig: EURUSD D1 Technical charts
EURUSD is trading in the positive zone on the daily chart. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 65.64. The MACD is above the signal line. Important resistance is at 1.23230. Major support is at 1.21570
Trade suggestion:
Buy limit at 1.22044, take profit at 1.22309, stop loss at 1.21832
AUDUSD
Fig: AUDUSD D1 Technical charts
AUDUSD is trading in the positive zone on the daily chart. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 79.70. The MACD is above the signal line. Important resistance is at 0.8005. Major support is at 0.7921
Trade suggestion:
Buy limit at 0.79762, take profit at 0.79940, stop loss at 0.79609
USDCAD
Fig: USDCAD D1 Technical chart
USDCAD is trading in the positive zone and above the 38.2% Fibonacci retracement level (from 1.2054 to 1.2921) on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 37.19. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 1.24603, take profit at 1.24850, stop loss at 1.24420
RIPPLE
Fig: RIPPLE D1Technical chart
XRP/USD is trading in the positive zone and above the 28.6% Fibonacci retracement level (from 0.66281 to 3.27809) on the daily chart. The RSI is nicely placed below 50 at 43.47. The MACD is below the signal line. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day).
Trade suggestion:
Buy stop at 1.4268, take profit at 1.4828, stop loss at 1.3151
GOLD
Fig: GOLD Technical chart
GOLD is trading in the negative zone and hovering above the 9 day EMA on the daily charts. The market is trading above the 78.6% Fibonacci retracement level (from 1237.33 to 1344.16). The market is trading above all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 64.36. The MACD is above the signal line.
Trade suggestion:
Sell stop at 1325, take profit at 1320, stop loss at 1328
COPPER
Fig: COPPER D1 Technical charts
Copper is trading in the negative zone on the daily charts. The market is trading above the 50 day, 100 day and 200 day moving averages, but below the 9 day and the 20 day EMA. The RSI is at 50.88. The MACD is below the signal line. Major support is at 3.167 and resistance is at 3.216.
Trade suggestion:
Sell stop at 3.1880, take profit at 3.1770, stop loss at 3.1925
CAC40
Fig: CAC40 D1 Technical charts
CAC40 is trading sideways and hovering above the 9 day EMA on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, 200 day). The RSI is at 58.59. The MACD is above the signal line.
Trade suggestion:
Buy stop at 5511, take profit at 5550, stop loss at 5490

DAILY REPORT ON JANUARY 30th, 2018

U.S. stocks pulled back from record highs on Monday, with the Dow and the S&P 500 indexes marking their biggest one-day percentage declines in about five months, weighed down by a slide in Apple shares.
Shares of Apple fell 2.1 percent on news that the company will halve production of its $999 iPhone X Smartphone. The company is due to report earnings on Thursday.
The S&P technology index fell 0.9 percent and was the biggest drag on the benchmark index following Wall Street's strongest four-week run since 2016.
The Dow Jones Industrial Average (DJI) fell 177.23 points, or 0.67%, to 26,439.48, the S&P 500 (SPX) lost 19.34 points, or 0.67%, to 2,853.53 and the Nasdaq Composite (IXIC) dropped 39.27 points, or 0.52%, to 7,466.51.
Asian stocks slipped from record highs on Tuesday after a selloff in Apple shares knocked Wall Street lower, while the dollar found support as U.S. bond yields climbed to near four-year highs.
Japan reported household spending for December was down 2.5% (month on month), more than the 0.6% decline seen for the month of November and down 0.1% annually, compared to an increase of 1.6% expected YOY for December.
The unemployment rate in Japan increased in December last year from a month earlier, the government said in a report on Tuesday. According to the Ministry of Internal Affairs and Communications, the unemployment rate increased from 2.7 percent logged a month earlier to 2.8 percent in the recording month.
Japan's Nikkei dropped 1.43 percent and Australian stocks shed 0.87 percent. Hong Kong's Hang Seng slipped 1.08 percent and Shanghai was down 0.93 percent.
Oil prices extended losses after being pressured by the dollar's bounce and rising U.S. crude output. U.S. crude futures were down 1.19 percent at $64.78 per barrel. Underpinned by the dollar's recent slide, prices had risen to $66.66 per barrel on Thursday, the highest since December 2014. Brent crude fell 0.87 percent to $68.60 per barrel.
Gold slipped to $1,333.50 an ounce, the lowest since Jan. 23, weighed by the stronger U.S. currency. The precious metal had climbed to $1,366.06 last week, its highest since August 2016.
Silver was trading lower by 0.27% to $17.075 an ounce. Copper prices fell by 0.91% to $3.225 a pound. U.S. cotton is 0.47% higher while sugar was trading at $13.64 up 2.02%.
Bitcoin was trading at $10,927 on the Bitfinex exchange, down 3.85% from its previous close, on Monday.
Ethereum was last at $1160 on the Bitfinex exchange on Tuesday. Ripple’s XRP token was trading at $1.20997 on the Poloniex exchange, down around 6.96% for the day. Litecoin was trading at $174.11, up by 2.37%.
Technicals:
EURUSD
Fig: EURUSD D1 Technical charts
EURUSD is trading in the positive zone on the daily charts. The market is near the middle band of the Bollinger bands. Price action is above all the moving averages (9 day, 20 day, 50 day, 100 day and the 200 day). The RSI is at 66.9. The MACD is above the signal line. Important resistance is at 1.240. Major support is 12328
Trade suggestion:
Buy stop at 1.24025, take profit at 1.24055, stop loss at 1.24000
AUDUSD
Fig: AUDUSD D1 Technical chart
AUDUSD is trading in the red zone, after pulling back from the upper band of the Bollinger bands on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is placed below 50 at 70.96. The MACD is above the signal line.
Trade suggestion:
Sell limit at 0.80611, take profit at 0.80485, stop loss at 0.80755
USDZAR
Fig: USDZAR D1 Technical charts
USDZAR is trading in the positive zone, attempting to break above the 9 day EMA on the daily chart. The market has made a bounce back from $11.8570 to $12.02740. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 36.14. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 12.01365, take profit at 12.13529, stop loss at 11.90208
BITCOIN CASH
Fig: BITCOIN CASH D1Technical chart
BCH/USD is trading in the negative zone on the daily chart. The RSI is nicely placed at 40.8. The MACD is below the signal line. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day).
Trade suggestion:
Sell stop at 1599, take profit at 1479, stop loss at 1680
COPPER
Fig: COPPER Technical chart
Copper is trading in the positive zone. The price action is placed below the 9 day, and the 20 day EMA as well as the middle band of the Bollinger bands on the daily charts. But the market is trading above the 50 day, 100 day and 200 day moving averages. The RSI is at 53.48. The MACD is below the signal line.
Trade suggestion:
Buy stop at 3.1690, take profit at 3.1774, stop loss at 3.1590
GOLD
Fig: GOLD D1 Technical charts
Gold is trading in the negative zone. The price action is currently placed above the middle band of the Bollinger bands on the daily charts. The market is also trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 54.66. But the MACD has made a negative crossover below the signal line and this is creating a negative bias.
Trade suggestion:
Sell limit at 1331.72, take profit at 1326, stop loss at 1333
RUSSELL 2000
Fig: RUSSELL 2000 D1 Technical charts
RUSSELL 2000 is trading in the positive zone the market tested the 9 day and the 20 day EMA but managed to hold above the support levels on the daily charts. Currently, the market is trading below the 50 day, 100 day and the 200 day moving averages . The RSI is at 73.86. The MACD is below the signal line. The bias is mixed to positive as the market has bounced back from the support levels.
Trade suggestion:
Buy stop at 1590, take profit at 1596, stop loss at 1587

DAILY REPORT ON JANUARY 31ST 2018

Wall Street closed in the red for the second straight day on Tuesday, with the Dow registering its biggest two-day drop since September 2016, pressured by healthcare stocks and rising bond yields.
The Dow had its biggest daily percentage decline since May 2017 and the day's 1.37-percent fall was the second-biggest single-day drop since the election of Donald Trump, how delivered his first State of the Union speech later on Tuesday.
Healthcare stocks pulled the major indexes lower on news that Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co will jointly form a healthcare company to help control costs for their U.S. employees. The S&P 500 Healthcare index was the biggest loser among the 11 major sectors, dropping by 2.13 percent.
The Dow Jones Industrial Average (DJI) fell 362.59 points, or 1.37 percent, to 26,076.89, the S&P 500 (SPX) lost 31.1 points, or 1.09 percent, to 2,822.43 and the Nasdaq Composite (IXIC) dropped 64.02 points, or 0.86 percent, to 7,402.48.
The dollar index was at 89.106, having crawled away from a three-year low of 88.438 set on Friday.
Asian stocks continue to fall from record highs on Wednesday as the recent rise in global bond yields weighed on equities, while the dollar steadied ahead of the Federal Reserve's policy decision.
Australia reported consumer price inflation for the fourth quarter rose 0.6%, compared with a 0.7% gain QoQ seen and at a 1.9% pace year on year compared to a 2.0% gain expected. Also, private sector credit for December rose 0.3%, lower than the expected 0.5% gain.
China reported its official manufacturing PMI at 51.3, missing a 51.5 level expected for January, a dip down from 51.6 in December. The non-manufacturing PMI rose to 55.3, compared to a steady 55.0 reported previously for December. The private Caixin/Markit manufacturing PMI is due on Thursday with a 51.3 level seen in January, a slight fall from 51.5 in December.
Japan's Nikkei dropped 0.46% or 109 points to 23,182. Hong Kong's Hang Seng shed 0.55 percent and Shanghai retreated 0.63 percent. The S&P/ASX 200 was trading at 6037.70, 0.25% higher.
Higher yields on the U.S 10-year Treasury are seen hurting equities as they increase borrowing costs by companies and reduce their risk appetite. Higher yields also present a fresh alternative to investors, who may choose to allocate some of their money from equities to bonds.
The risk aversion in the broader markets also took a toll on recently bullish crude oil. U.S. crude futures stretched overnight losses to slide 0.91 percent to $63.91 per barrel, with data showing a higher-than-expected rise in stocks also weighing. Brent crude was down 0.80 percent at $67.97 per barrel.
Gold prices rose in Asia on Wednesday as President Donald Trump urged bipartisan cooperation on overhauling US immigration policies and rebuilding infrastructure in an address to Congress on Tuesday night. Gold has gained 0.49% or 6.60 points to 1342.
Silver was trading higher by 0.66% to $17.170 an ounce. Copper prices rose 0.25% to $3.199 a pound. U.S. cotton is 0.40% higher while sugar earned 0.66% to $13.37
Overnight Bitcoin slipped below 10,000 to $9864.9. Currently the price is trading at $10,104, reporting a loss of 8.40% on the Bitfinex exchange, from its previous close, on Tuesday.
Ethereum was last trading at $1080.80, down 6.65% on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 10.33% lower on the Poloniex exchange, for the day. Litecoin was trading at $160.36, down by 9.20%.

Technicals:
GBPUSD

GBPUSD is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and the 200 day). The RSI is at 71.6. The MACD is above the signal line. Important resistance is at 1.4352. Major support is 1.4075
Trade suggestion:
Buy stop at 1.42175, take profit at 1.42565, stop loss at 1.41605

USDCAD
AUDUSD is trading in the red zone, testing the lower band of the Bollinger bands on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is placed below 50 at 33.39. The MACD is below the signal line.
Trade suggestion:
Sell limit at 1.23006, take profit at 1.22747, stop loss at 1.23191
GBPJPY
GBPJPY is trading in the positive zone, attempting to break above the 9 day EMA on the daily chart. Currently, the price action is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 55.84. The MACD is below the signal line, but ready to make a positive crossover above the signal line.
Trade suggestion:
Buy stop at 154.335, take profit at 154.656, stop loss at 154
DASH
DASH/USD is trading sideways on the daily chart. The RSI is nicely placed at 36.4. The MACD is above the signal line. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The market is expected to make a bounce back after testing the lower band of the Bollinger bands.
Trade suggestion:
Buy limit at 674, take profit at 700, stop loss at 650
NATURAL GAS
Natural gas is trading in the negative zone. The price action is placed below the 9 day, and the 20 day EMA as well as the middle band of the Bollinger bands on the daily charts. But the market is trading above the 50 day, 100 day and 200 day moving averages. The RSI is at 48.72. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Sell stop at 3.112, take profit at 3.064, stop loss at 3.160
SUGAR
Sugar has made higher highs and higher lows on the daily charts. The market is also trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 44.65. But the MACD has made a positive crossover above the signal line and this is creating a positive bias.
Trade suggestion:
Buy limit at 13.72, take profit at 13.60, stop loss at 13.90
NIKKEI 225
NIKKEI 225 is trading in the negative zone the market is attempting to test the 50 day EMA and the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below the 9 day, 20 day, 100 day and the 200 day moving averages . The RSI is at 41.86. The MACD is below the signal line.
Trade suggestion:
Sell stop at 23,120, take profit at 23,070, stop loss at 23,168

Market Outlook

Dow Futures Trading Higher – Focus on Fed Meeting and Earning

U.S. futures inched higher on Wednesday, pointing toward a higher opening this morning. Dow futures were 100 points higher or 0.35% to 26,145, whereas the S&P 500 was up by 0.33%. The NASDAQ Composite gained 21.75 points to 6,962.75.
Earnings season will continue in full swing on Wednesday with firms continuing to deliver strong showing. As of Tuesday night, 169 of the S&P 500 firms had reported earnings that were 82% higher than estimates and 85% topping sales forecasts.
Among firms to watch on Wednesday, Boeing, DR Horton and Eli Lilly will report before the opening bell, while Microsoft, Facebook, PayPal and eBay will release their earnings after the market close.
The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET on Wednesday.
The majority of economists believe that the Fed will hike rates in March, followed by another hike in June, with a third move higher arriving in December.
Close attention will be paid to ADP’s non-farm employment report at 8:30AM ET (13:30GMT) as a precursor to the government non-farm payrolls out on Friday.
On the technical charts, DJ30 is in the positive zone, above all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 60.08 and the MACD is currently below the signal line. The positive bias is dominating, and the Dow is expected to trade higher.
Trade suggestion:
Buy stop at 26167, take profit at 26228, stop loss at 26120

DAILY REPORT ON FEBRUARY 01st, 2018

Wall Street closed higher on Wednesday after robust quarterly results from Boeing, Microsoft and eBay. The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations that borrowing costs will continue to climb under incoming central bank chief Jerome Powell.
"Inflation on a 12-month basis is expected to move up this year and to stabilize" around the Fed's 2 percent target over the medium term, the central bank said in a statement following a two-day policy meeting, the last under Fed Chair Janet Yellen.
Short-term interest rate futures showed traders adding slightly to bets the Fed would raise rates three times in 2018, starting at its next meeting in March.
"The U.S. is cutting tax and spending $1.5 trillion in infrastructure when the economy is really strong. There would be little wonder if the economy overheats," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley
The Dow Jones Industrial Average closed 0.28% higher at 26,169. The S&P 500 erased earlier gains to end almost flat, up 0.05 percent at 2,823.81, while the Nasdaq Composite closed at 7411.48, up 0.12%.
Asian shares made modest gains on Thursday, clawing back sharp losses from earlier this week, however, rising U.S. bond yields and interest rates could dampen investors' optimism toward the global economic outlook.
The U.S. Federal Reserve flagged interest policy tightening later this year and upgraded the inflation outlook, at its policy meeting that ended on Wednesday, it’s first in 2018 and last to be chaired by Janet Yellen, who will be replaced by Governor Jerome Powell on Feb 3. It kept interest rates on hold as expected.
Japan's Nikkei gained 1.6% or 370.21 points to 23,468. Hong Kong's Hang Seng shed 0.43 percent and Shanghai dropped by 1.29 percent. The S&P/ASX 200 was trading at 6090.10, 0.87% higher.

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Technicals:
EURUSD
EURUSD is trading sideways on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and the 200 day). The RSI is at 71.16. The MACD is below the signal line. Important resistance is at 1.2563. Major support is 1.2364
Trade suggestion:
Buy stop at 1.24059, take profit at 1.23747, stop loss at 1.24316
USDCHF
USDCHF is trading in the positive zone and bounced back from the lower band of the Bollinger bands on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is in the oversold territory at 25.98. The MACD is below the signal line expected to make a positive crossover.
Trade suggestion:
Buy limit at 0.93266, take profit at 0.93500, stop loss at 0.93110
EURGBP
EURGBP is trading in the positive zone on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.2. The MACD is below the signal line, but ready to make a positive crossover above the signal line.
Trade suggestion:
Buy stop at 0.87525, take profit at 0.87600, stop loss at 0.87457
RIPPLE
XRP/USD is trading in the negative zone on the daily chart. The RSI is nicely placed at 39.4. The MACD is below the signal line. The market is trading in between the moving averages, above the 100 day and the 200 day EMA but below the 9 day, 20 day and the 50 day EMA. The market is expected to make a bounce back to test the 9 day EMA.
Trade suggestion:
Buy limit at 1.102800, take profit at 1.204984, stop loss at 1.1078300
COTTON
Cotton is trading in the positive zone. The price action is placed below the 9 day, and the 20 day EMA as well as the middle band of the Bollinger bands on the daily charts. But the market is trading above the 50 day, 100 day and 200 day moving averages. The RSI is at 42.68. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy stop at 77.53, take profit at 78.30, stop loss at 77.20
GOLD
Gold is trading in the red zone on the daily charts. The market is also trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 59.46. But the MACD has made a negative crossover below the signal line and this is creating a negative bias.
Trade suggestion:
Sell limit at 1338.58, take profit at 1334, stop loss at 1341
S&P 500
S&P 500 is trading sideways, the market slipped lower after testing the 9 day EMA on the daily charts. Currently, the market is trading below the 9 day, but above the 20 day, 50 day, 100 day and the 200 day moving averages. The RSI is at 64.58. The MACD has made a negative crossover below the signal line. A bounce back is expected as positive bias is dominating the market
Trade suggestion:
Buy stop at 2833, take profit at 2845, stop loss at 2825

DAILY REPORT ON FEBRUARY 2nd, 2018

U.S. stocks pulled back from earlier gains on Thursday as bond yields rose and technology stocks retreated, ahead of a host of high-profile earnings.
It has been a tough week for Wall Street. Mostly robust earnings have been met by rising bond yields as the world’s central banks back away from easy monetary policy.
U.S. Treasury yields rose further after economic indicators seemed to confirm the Fed's inflation outlook.
The Dow Jones Industrial Average (DJI) rose 36.32 points, or 0.14 percent, to 26,185.71, the S&P 500 (SPX) gained 2.01 points, or 0.07 percent, to 2,825.82 and the Nasdaq Composite (IXIC) dropped 3.27 points, or 0.04 percent, to 7,408.21.
Banks - that have benefited from higher interest rates, led the S&P 500 financials (SPSY) to a 0.8 percent gain. Other noticeable stocks included eBay, up 15.1 percent after its earnings report, and its announcement that it would move away from PayPal as its main payment partner. PayPal shares slid 6.4 percent.
The dollar index, which tracks the greenback against a basket of currencies, continued to trade below the 89 handle amid strength in the euro. The dollar index last stood at 88.720.
Asian shares came under pressure on Friday after Wall Street closed mixed and yields on U.S. government debt rose in the last session.
Japan's Nikkei 225 declined 1.3 percent after snapping a six-day losing streak in the previous session. Technology names were mostly lower, with heavyweight SoftBank falling 1.5 percent. Among other large cap names, Fanuc Manufacturing lost 1.45 percent and Fast Retailing lost 2 percent. Airlines were also lower on the day, with ANA Holdings down 4.15 percent in the morning.
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Technicals:
EURJPY

EURJPY has made higher highs and higher lows, testing the upper band of the Bollinger bands on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and the 200 day). The RSI is at 64.90. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 137.014, take profit at 137.98, stop loss at 136.95

USDCAD

USDCAD is trading in the positive zone and bounced back from the lower band of the Bollinger bands on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 33.97. The MACD is currently below the signal line but is expected to make a positive crossover.
Trade suggestion:
Buy limit at 1.22848, take profit at 1.23087, stop loss at 1.22768

EURUSD

EURUSD is trading in the negative zone on the daily chart. Currently, the price action is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 73.81. The MACD is above the signal line, but ready to make a negative crossover below the signal line.
Trade suggestion:
Buy stop at 1.24940, take profit at 1.25000, stop loss at 1.24500

ETHEREUM

ETH/USD is trading in the negative zone on the daily chart. The RSI is nicely placed at 39.4. The MACD is below the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is dominated by a negative bias.
Trade suggestion:
Sell limit at 890, take profit at 850, stop loss at 910

COPPER

Copper is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 57.68. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 3.2375, take profit at 3.2523, stop loss at 3.2200

SUGAR

Sugar is trading in the positive zone on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 39.68. But the MACD has made a positive crossover below the signal line and this is creating a positive bias.
Trade suggestion:
Buy limit at 13.39, take profit at 13.60, stop loss at 13.10

CAC40

CAC40 is trading in the negative zone, testing the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below the 9 day and the 20 day moving averages, but above the 50 day, 100 day and the 200 day moving averages. The RSI is at 47.63. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Sell stop at 5455, take profit at 5428, stop loss at 5474

DAILY REPORT ON FEBRUARY 05th, 2018

The major U.S. stock indexes capped off their worst weekly performance in two years on Friday following a steep sell-off. The Dow and S&P 500 pulled back 4.1 percent and 3.9 percent, respectively, last week. The Nasdaq lost 3.53 percent.
The Dow fell 665.75 points on Friday — or 2.5 percent — notching its biggest one-day sell-off since June 2016. The S&P 500 had its worst one-day performance since Sept. 2016 and the Nasdaq posted its worst session since August 2017.
This stocks sell-off "reflects 'growing pains' as the markets adapt to above-trend growth and a normalization of inflation that have led to a back-up in rates," Jason Draho, head of tactical asset allocation for the Americas at UBS, said in a note Friday.
European markets finished broadly lower on Friday with shares in Germany leading the region. The DAX is down 1.68%, while France's CAC 40 is off 1.64% and London's FTSE 100 is lower by 0.63%.
Asian shares fell the most in over a year on Monday as fears of resurgent inflation battered bonds, toppled Wall Street from record highs and sparked speculation that central banks globally might be forced to tighten policy more aggressively.
Asian markets were covered in a sea of red, with every single bourse stumbling. Japan's Nikkei (N225) sank 2.6 percent, while Australia's S&P/ASX 200 lost 1.6 percent and China’s Shanghai composite slides 0.48 percent. Hong Kong's Hang Seng shed 1.24 percent
Gold was off a touch at $1,330.47 an ounce after losing 1 percent on Friday. Silver slipped lower 0.26% to $16.665 an ounce. Copper price was up by 0.25% to $3.190 a pound. U.S. cotton is 0.13% higher at $77.47 while sugar gained 1.72% to $13.64.
In oil markets, U.S. crude oil prices fell on Monday with risk off sentiment weighing on a dip in regional equities and futures pointing to a weaker US open.WTI crude fell 66 cents to $64.79 a barrel, while Brent lost 71 cents to $67.87.
Last week, oil prices finished lower on Friday totally a loss for the week, as traders weighed a steady increase in U.S. output against OPEC's ongoing efforts to drain the market of excess supplies.
Bitcoin slipped below the 9,000 to 8,256, 10.15% lower on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $845.52, down 11.46% on the Bitfinex exchange on Friday. Ripple’s XRP token was 13.79% lower on the Poloniex exchange, for the day. Litecoin was trading at $150.13, down by 9.58%.
Technicals:
GBPUSD
https://capitalstreetfx.com/en/wp-co...-13_GBPUSD.jpg
Fig: GBPUSD D1 Technical charts
GBPUSD has slipped lower after testing the resistance at 1.4277, and struggling below the 9 day EMA on the daily charts. The market is trading above the 20 day, 50 day, 100 day and the 200 day moving averages. The RSI is at 62.90. The MACD has made a negative crossover below the signal line. The market is expected to trade in the positive territory today to close above the 9 day EMA.
Trade suggestion:
Buy stop at 1.4120, take profit at 1.47120, stop loss at 1.41050
USDJPY
https://capitalstreetfx.com/en/wp-co...-36_USDJPY.jpg
Fig: USDJPY D1 Technical chart
USDJPY has made higher highs and higher lows on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 43.95. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy limit at 110.030, take profit at 110.334, stop loss at 109.890
EURUSD
https://capitalstreetfx.com/en/wp-co...-09_EURUSD.jpg
Fig: EURUSD D1 Technical charts
EURUSD is trading in the negative zone on the daily chart. Currently, the price action is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 68.93. The MACD is above the signal line, but ready to make a negative crossover below the signal line.
Trade suggestion:
Sell stop at 1.24445, take profit at 1.24096, stop loss at 1.24656
ETHEREUM
https://capitalstreetfx.com/en/wp-co...2_ETHEREUM.jpg
Fig: ETHEREUM D1Technical chart
ETH/USD is trading in the negative zone, testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 39.46. The MACD is below the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is dominated by a negative bias.
Trade suggestion:
Sell limit at 811, take profit at 783, stop loss at 830
COPPER
https://capitalstreetfx.com/en/wp-co...-Futures-1.jpg
Fig: COPPER Technical chart
Copper is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 57.68. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 3.2375, take profit at 3.2523, stop loss at 3.2200
SILVER
https://capitalstreetfx.com/en/wp-co...er-Futures.jpg
Fig: SILVER D1 Technical charts
Silver is trading in the positive zone on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.59. But the MACD is below the signal line, but positive bias is dominating the market.
Trade suggestion:
Buy limit at 16.540, take profit at 16.668, stop loss at 16.480
FTSE 100
https://capitalstreetfx.com/en/wp-co...-100-Index.jpg
Fig: FTSE 100 D1 Technical charts
FTSE 100 is trading in the positive zone, testing the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.83. The MACD has made a negative crossover below the signal line. The market is expected to trade in the positive zone for the day.
Trade suggestion:
Buy stop at 7343, take profit at 7350, stop loss at 7305

DAILY REPORT ON FEBRUARY 06th, 2018

Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day.
The declines for the benchmark S&P 500 index and the Dow Jones Industrial Average were the biggest single-day percentage drops since August 2011, a period of stock-market volatility marked by the downgrade of the United States' credit rating and the euro zone debt crisis.
As the stock market fell on Monday, the White House said the fundamentals of the U.S. economy are strong. U.S. economic growth was running at a 2.6 annualized rate in the fourth quarter last year and the unemployment rate is at a 17-year low of 4.1 percent.
On Monday, the financial, healthcare and industrial sectors fell the most, but declines were spread broadly as all major 11 S&P sectors dropped at least 1.7 percent. All 30 of the blue-chip Dow industrial components finished negative.
The Dow Jones Industrial Average fell 1,175.21 points, or 4.6 percent, to 24,345.75, the S&P 500 lost 113.19 points, or 4.10 percent, to 2,648.94 and the Nasdaq Composite dropped 273.42 points, or 3.78 percent, to 6,967.53.
Asian markets plunged on Tuesday as investors dumped stocks following heavy falls in the US in anticipation of higher interest rates.
Japan's Nikkei 225 index sank 4.76% and Hong Kong's Hang Seng dropped 4.5%. Australia's S&P/ASX 200 lost 3.20 percent and China’s Shanghai composite slides 3.03 percent.
Gold was off a touch at $1,346.47 an ounce gained 0.76 percent on Tuesday. Silver slipped earned 1.07% to $16.850 an ounce. Copper price was slipped by 0.50% to $3.174 a pound. U.S. cotton is 0.33% lower at $76.37 while sugar gained 1.98% to $13.91.
Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street.
Brent crude futures were at $66.91 per barrel at 0530 GMT, down 71 cents, or 1.1 percent, from the previous close. That was more than $4 below their high-point for 2018, hit last month. U.S. West Texas Intermediate (WTI) crude futures were at $63.46 a barrel, down 69 cents, or 1.1 percent, from their last settlement and more than $3 off their 2018 high.
Bitcoin slipped to 6155.9, 5.54% lower on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $586.17, down 30.86% on the Bitfinex exchange on Tuesday. Ripple’s XRP token was 27.41% lower on the Poloniex exchange, for the day. Litecoin was trading at $108.76, down by 26.83%.
Technicals:
USDJPY
https://capitalstreetfx.com/en/wp-co...7_USDJPY-2.jpg
Fig: USDJPY D1 Technical chart
USDJPY is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 36.75. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy limit at 109.030, take profit at 109.500, stop loss at 108.800
GBPUSD
https://capitalstreetfx.com/en/wp-co...-21_GBPUSD.jpg
Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the positive, and is testing the 20 day EMA on the daily charts. The market is trading above the 20 day, 50 day, 100 day and the 200 day moving averages, but below the 9 day EMA. The RSI is at 54.34. The MACD has made a negative crossover below the signal line. The market is expected to trade in the positive territory today.
Trade suggestion:
Buy stop at 1.39785, take profit at 1.40037, stop loss at 1.39370
EURUSD
https://capitalstreetfx.com/en/wp-co...-24_EURUSD.jpg
Fig: EURUSD D1 Technical charts
EURUSD is trading below the 9 day EMA, in the positive zone on the daily chart. Currently, the price action is trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 65.71. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy stop at 1.24006, take profit at 1.24196, stop loss at 1.23881
LITCOIN
https://capitalstreetfx.com/en/wp-co...ITECOINUSD.jpg
Fig: LITCOIN D1Technical chart
LTC/USD is trading in the positive zone, testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 32.61. The MACD is below the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 117, take profit at 130, stop loss at 103
COPPER
https://capitalstreetfx.com/en/wp-co...er-Futures.jpg
Fig: COPPER Technical chart
Copper is trading sideways on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 49.44. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 3.1770, take profit at 3.1905, stop loss at 3.1655
SILVER
https://capitalstreetfx.com/en/wp-co...er-Futures.jpg
Fig: SILVER D1 Technical charts
Silver is trading has made higher highs and higher lows on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 46.59. But the MACD is below the signal line and expected to make a positive crossover. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 16.700, take profit at 16.861, stop loss at 16.660
EURO STOXX 50
https://capitalstreetfx.com/en/wp-co...X-50-Index.jpg
Fig: EURO STOXX 50 Technical charts
EURO STOXX 50 is trading in the positive zone, below the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 21.41. The MACD has made a negative crossover below the signal line. The market is expected to trade positive for the day.
Trade suggestion:
Buy stop at 3400, take profit at 3426, stop loss at 3380

DAILY REPORT ON FEBRUARY 07th, 2018

U.S. Futures pointed to another negative day for stock markets on Tuesday as a sell-off continues worldwide.
The S&P 500 futures fell over 14 points or 0.54% to 2,593.75 as of 6:50 AM ET (11:50 GMT) while Dow futures decreased 225 points or 0.94% to 23,713.0. Meanwhile, tech heavy Nasdaq 100 futures was down over 39 points or 0.61% to 6,390.0.
The Dow lost over a 1,000 points at the close on Monday, as inflation concerns pushed stocks down. The negative movements started on Friday after a report showed that U.S. wages increased at its fastest pace in eight and a half year.
Asian shares reversed their earlier gains on Wednesday as investors dumped U.S. stock futures for safer harbors, a sign market participants remain jittery after this week's global markets rout.
While most analysts believed this week's distressed selling looks to have run its course for the moment, allowing volatility to abate a little, the prospect of monetary tightening across the globe remains a challenge for the long term.
Japan's Nikkei eased, but was still up 0.2 percent. Chinese blue chips and South Korea's KOSPI index dropped more than 2 percent. Hong Kong's Hang Seng dropped 1.09Australia's S&P/ASX 200 gained 0.75 percent.
Gold was off a touch at $1,3332.70 an ounce gained 0.24 percent on Wednesday. Silver earned 0.45% to $16.665 an ounce. Copper price was slipped by 0.19% to $3.183 a pound. U.S. cotton is 0.54% higher at $76.60 while sugar lost 0.65% to $13.82.
Oil prices rose on Wednesday, lifted by a report that U.S. crude inventories fell last week, although analysts warned that soaring U.S. output and a seasonal demand drop could soon weigh on crude.
Brent crude futures were at $67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 percent, from the previous close. U.S. West Texas Intermediate (WTI) crude futures were at $63.88 a barrel. That was up 49 cents, or 0.8 percent, from their last settlement.
Bitcoin is trading at 7727.1, 24.85% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $781.18, up 31.36% on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 29.78% higher on the Poloniex exchange, for the day. Litecoin was trading at $145.76, up by 36.81%.
Technicals:
USDCAD
Fig: USDCAD D1 Technical chart
USDCAD is trading sideways on the daily charts. The market is trading between the moving averages below the 9 day and the 20 day, but above the 50 day, 100 day and the 200 day moving averages. The RSI is at 50.8. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy limit at 1.2509, take profit at 1.2550, stop loss at 1.24946
GBPUSD
Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the negative, and is testing the 20 day EMA on the daily charts. The market is trading above the 50 day, 100 day and the 200 day moving averages, but below the 9 day and the 20 day EMA. The RSI is at 52.49. The MACD has made a negative crossover below the signal line. The market is expected to trade in the negative territory today.
Trade suggestion:
Sell stop at 1.39325, take profit at 1.39000, stop loss at 1.39605
EURUSD
Fig: EURUSD D1 Technical charts
EURUSD is trading below the 9 day EMA, in the negative zone on the daily chart. Currently, the price action is trading above all the moving averages (20 day, 50 day, 100 day and 200 day). The RSI is at 60.5. The MACD has made a negative crossover below the signal line.
Trade suggestion:
Buy stop at 1.23727, take profit at 1.23396, stop loss at 1.24022
DASH
Fig: DASH D1Technical chart
DASH/USD is trading in the positive zone, testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 35. The MACD is below the signal line, but expected to make a positive crossover above the signal line. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 515.9, take profit at 550, stop loss at 488
COTTON
Fig: COTTON Technical chart
Cotton is trading sideways on the daily charts. The market is trading below the 9 day, 20 day,and the 50 day,but above the 100 day and the 200 day moving averages. The RSI is at 40.2. The MACD is below the signal line.
Trade suggestion:
Buy stop at 76.83, take profit at 77.10, stop loss at 76.40
SILVER
Fig: SILVER D1 Technical chart
Silver is trading in the negative zone on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.11. But the MACD is below the signal line.
Trade suggestion:
Sell limit at 16.510, take profit at 16.400, stop loss at 16.600
DAX30
Fig: DAX30 Technical charts
DAX30 is trading in the negative zone, below the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 27.25. The MACD has made a negative crossover below the signal line. The market is expected to trade negative for the day.
Trade suggestion:
Sell stop at 12424, take profit at 12333, stop loss at 12514

DAILY REPORT ON FEBRUARY 08th, 2018

Wall Street closed lower in an up-and-down session on Wednesday, dragged down by tech and energy shares, as investors adjusted to a more volatile market following wild swings of the past few sessions.
The Dow Jones Industrial Average (DJI) fell 19.7 points, or 0.08 percent, to 24,893.07, the S&P 500 (SPX) lost 13.51 points, or 0.50 percent, to 2,681.63 and the Nasdaq Composite (IXIC) dropped 63.90 points, or 0.9 percent, to 7,051.98.
"Obviously there's a lot of concerned and nervous people. You might have had day traders trying to get out at the end of the day. Who knows what tomorrow brings," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.
European markets closed sharply higher on Wednesday with shares in London leading the region. The FTSE 100 is up 1.93% while France's CAC 40 is up 1.82% and Germany's DAX is up 1.60%.
Asian shares trading mixed on Thursday as U.S. bond yields crept up towards four-year highs as investors fretted that low borrowing costs enjoyed by companies for many years may be endangered by the threat of rising inflation.
Japan's Nikkei edged higher by 230.63 points, 1.07%, to trade at 21,876.50 on Thursday as buyers looked for bargains on shares which were beaten down heavily early in the week, but gains were cautious as investors feared further wild volatility in global markets.
China's stock index (Shanghai composite) decayed by 1.56% and South Korea's KOSPI index earned more than 1 percent. Hong Kong's Hang Seng rose 0.54%. Australia's S&P/ASX 200 gained 0.24 percent.
Gold price slipped to 1313.50, by 0.08% as the dollar continued to advance amid a sharp uptick in Treasury yields. China reported trade balance data with a $20.34 billion surplus, compared to a $54.10 billion surplus seen for January, data released on Thursday showed. Silver earned 0.01% to $16.240 an ounce. Copper prices rose by 0.26% to $3.104 a pound. U.S. cotton is 0.08% higher at $76.12 while sugar gained 1.16% to $13.98.
In the energy market, U.S. crude fell 0.55 percent, to settle at $61.45 per barrel and Brent dropped 0.32 percent to $65.28. U.S. data showed an unexpected build in refined products, fanning fears of oversupply headed into the slow-demand season.
Bitcoin has made some recovery from the lower levels, currently trading at 8179.5, 9.61% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $821.88, up 8.98% on the Bitfinex exchange on Thursday. Ripple’s XRP token was 4.14% higher on the Poloniex exchange, for the day. Litecoin was trading at $146.19, up by 4.43%.
Technicals:
EURNOK
Fig: EURNOK D1 Technical chart
EURNOK is trading in the positive zone, near the upper band of the Bollinger bands on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 57.62. The MACD has made a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy limit at 9.70331, take profit at 9.71182, stop loss at 9.70039
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading in the positive zone, and is testing the 50 day EMA on the daily charts. The market is trading above the 100 day and the 200 day moving averages, but below the 9 day, 20 day and the 50 day EMA. The RSI is at 46.77. The MACD has made a negative crossover below the signal line, but the positive bias is dominating the market sentiments.
Trade suggestion:
Buy stop at 152.430, take profit at 152.700, stop loss at 152
EURGBP
Fig: EURGBP D1 Technical charts
EURGBP is trading below the 200 day EMA forming has made lower lows and lower highs on the daily chart. Currently, the price action is trading above the 9 day, 20 day and 50 day moving averages. The RSI is at 50.8. The MACD has made a positive crossover above the signal line the signal line. The market is trading in the red zone and some more correction is expected for the day.
Trade suggestion:
Sell stop at 0.88204, take profit at 0.88123, stop loss at 0.88287
RIPPLE
Fig: RIPPLE D1Technical chart
XRP/USD has made some recovery and bounce back after testing the lower band of the Bollinger bands on the daily chart. The RSI is nicely placed at 34.6 The MACD is below the signal line, but expected to make a positive crossover above the signal line. The market is trading below the moving averages 9 day, 20 day, 50 day and 100 day, but closed above the 200 day moving average. The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 0.73080, take profit at 0.89984, stop loss at 0.70890
COFFEE
Fig: COFFEE Technical chart
Coffee is trading sideways on the daily charts. The market is trading between the moving averages, above the 9 day and the 20 day,but below the 50 day, 100 day and the 200 day. The RSI is at 51.03. The MACD is ready to make a positive crossover above the signal line.
Trade suggestion:
Buy stop at 123.30, take profit at 124.10, stop loss at 122.65
NATURAL GAS
Fig: NATURAL GAS D1 Technical charts
Natural Gas continues to make lower lows and lower highs on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 36.39. The MACD is below the signal line. The market is sinking to test the lower band of the Bollinger bands.
Trade suggestion:
Sell limit at 2.680, take profit at 2.630, stop loss at 2.700
CAC40
Fig: CAC40 Technical charts
CAC40 has bounced back to make some recovery and to trade above the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 35.8. The MACD has made a negative crossover below the signal line. The market is expected to trade positive for the day.
Trade suggestion:
Buy stop at 5226.5, take profit at 5264.7, stop loss at 5177.3

DAILY REPORT ON FEB 9TH 2018
U.S. stocks edged lower around 4 percent on Thursday and the sell-off pressure, confirming a correction that has thrown the market’s nearly nine-year bull run off course.
The bottom of this recent slide remained elusive for investors, who have been whipsawed this week by huge swings that have shaken a market that had only climbed steadily for months.
With Thursday’s drops, the benchmark S&P 500 and the Dow industrials confirmed they were in correction territory, both falling more than 10 percent from Jan. 26 record highs. The S&P 500 slumped 3.8 percent on Thursday, while the Dow dropped 4.2 percent as losses accelerated late in the trading day. It was the second time in history that the Dow has lost more than 1,000 points in a single day. The other time was Monday.
The dollar index was flat at 90.241 after touching a two-week high of 90.567 overnight.
Asian stocks fell on Friday, with Chinese shares slipping to multi-month lows after Wall Street shares dropped again in the face of rapidly-rising bond yields, while perceived havens such as the yen and Swiss franc were in demand.
China’s consumer prices rose by 1.5 percent year-on-year in January of 2018, after a 1.8 percent rise in the prior month and matching market consensus. In China, consumer prices rose 0.6%, compared with a 0.7% gain seen on month in January. The producer price index in China increased by 4.3 percent from a year earlier in January of 2018, compared to a 4.9 percent rise in the prior month.
The Shanghai Composite fell 4.67%. Japan’s Nikkei sunk 2.27 percent or 496.32 points, at 21,394. Australian shares lost 0.89 percent and Hong Kong’s Hang Seng shed 3.46 percent.
U.S. crude futures were down 098 percent at $60.55 per barrel after hitting a seven-week trough of $60.27 on Thursday amid fears of rising global supplies after Iran announced plans to increase production and U.S. crude output hit record highs. Brent crude fell 0.65 percent to $64.39 per barrel.
Gold price edged 2.60 points or 0.20% higher to 1321.50. Silver earned 0.12% to $16.360 an ounce. Copper prices slipped by 0.26% to $3.066 a pound. U.S. cotton is 0.52% lower at $76.57 while sugar gained 2.58% to $13.62.
Bitcoin has made some recovery from the lower levels, currently trading at 7.938, 0.30% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $798.22, up 0.23% on the Bitfinex exchange on Friday. Ripple’s XRP token was 1.21% higher on the Poloniex exchange, for the day. Litecoin was trading at $144.31, up by 1.84%.
Technicals:
EURJPY
https://capitalstreetfx.com/en/wp-co...-41_EURJPY.jpg
Fig: EURJPY D1 Technical chart
EURJPY is trading in the positive zone, above the lower band of the Bollinger bands and is testing the 100 day EMA on the daily charts. The market is trading above the 9 day, 20 day and the 50 day moving averages. The RSI is at 42.42. The MACD has made a negative crossover below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy limit at 133.636, take profit at 134, stop loss at 133.300
GBPUSD
https://capitalstreetfx.com/en/wp-co...-56_GBPUSD.jpg
Fig: GBPUSD D1 Technical charts
GBPUSD is trading in the positive zone and is testing the 20 day EMA on the daily charts. The market is trading above the 50 day, 100 day and the 200 day moving averages, but below the 9 day and the 20 day EMA. The RSI is at 5.03. The MACD has made a negative crossover below the signal line, but the positive bias is dominating the market sentiments.
Trade suggestion:
Buy stop at 1.39725, take profit at 1.39943, stop loss at 1.39370
USDCHF
https://capitalstreetfx.com/en/wp-co...-18_USDCHF.jpg
Fig: USDCHF D1 Technical charts
USDCHF is trading above the 9 day EMA on the daily chart. Currently, the price action is trading below the 20 day, 50 day, 100 day and the 200 day moving averages. The RSI is at 40.6. The MACD has made a positive crossover above the signal line the signal line. The market is trading in the red zone and some more correction is expected for the day.
Trade suggestion:
Sell stop at 0.93678, take profit at 0.91838, stop loss at 0.93938
ZCASH
https://capitalstreetfx.com/en/wp-co...8_ZECUSD-1.jpg
Fig: ZCASH D1Technical chart
ZEC/USD has made higher highs and higher lows on the daily chart. The RSI is nicely placed at 47.78 The MACD has made a positive crossover above the signal line, The market is trading between the moving averages, above the 9 day and the 200 day, but below the 20 day, 50 day and 100 day moving averages. The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 410, take profit at 440, stop loss at 380
COPPER
https://capitalstreetfx.com/en/wp-co...er-Futures.jpg
Fig: COPPER Technical chart
Copper is trading sideways, below the lower band of the Bollinger bands on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 36.09. The MACD is ready to make a negative crossover below the signal line.
Trade suggestion:
Buy stop at 3.0660, take profit at 3.0804, stop loss at 3.0787
NATURAL GAS
https://capitalstreetfx.com/en/wp-co...atural-Gas.jpg
Fig: NATURAL GAS D1 Technical charts
Natural Gas continues to make lower lows and lower highs on the daily charts. The market is also trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 34.62. The MACD is below the signal line. The market is sinking to test the lower band of the Bollinger bands.
Trade suggestion:
Sell limit at 2.650, take profit at 2.600, stop loss at 2.690
EURO STOXX 50
https://capitalstreetfx.com/en/wp-co...X-50-Index.jpg
Fig: EURO STOXX 50 Technical charts
EURO STOXX 50 is testing the lower band of the Bollinger bands on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 31.48. The MACD has made a negative crossover below the signal line. The market is expected to trade positive for the day.
Trade suggestion:
Buy stop at 3345, take profit at 3370, stop loss at 3330

DAILY REPORT ON 15th FEB 2018

Wall Street surged on Wednesday, with the Dow up 1 percent and the S&P500 climbing 1.34 percent, as investors shrugged off the stronger-than-expected inflation data and snapped up shares of Facebook, Amazon, and Apple.
U.S. consumer prices rose more than forecast in January as Americans paid more for gasoline, rental accommodation and healthcare, further raising inflation concerns and the prospect of the Federal Reserve hiking interest rates more than initially expected.
Asian stocks gained on Thursday after Wall Street brushed aside strong U.S. inflation data and surged, in a move that also saw the dollar pinned at two-week lows even as Treasury yields jumped in anticipation of more rapid U.S. interest rate hikes.
Australian stocks climbed 0.9 percent. Japan’s Nikkei advanced 1.3 percent following three successive days of losses that took it to a four-month low the previous day.
China starts the Lunar New Year holidays on Thursday which run through Feb. 21, with other markets in Asia on shorter holidays including Hong Kong for Thursday and Friday and Singapore for Friday and Monday.
Brent crude futures were up 0.75 percent at $64.84 per barrel after prices surged the previous day as U.S. crude stocks rose less than expected and Saudi Energy Minister Khalid al-Falih said major oil producers would prefer tighter markets than end supply cuts too early.
In commodities, Gold was 0.09 percent down at $1,356.80 an ounce. Silver earned 0.01% to $16.880 an ounce. Copper prices earned by 0.22% to $3.242 a pound. U.S. cotton is 0.28% up at $75.81 while sugar lost 0.15% to $13.43.
Bitcoin is currently trading at 9678.8, 9.36% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $931.82, 7.48% higher on the Bitfinex exchange on Thursday. Ripple’s XRP token was 7.87% up on the Poloniex exchange, for the day. Litecoin was trading at $228.30, up by 26.48%.

Technicals:
EURUSD

EURUSD is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 64.22. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 1.24709, Take profit at 1.25292, and Stop loss at 1.24359

GBPJPY

GBPJPY is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 36.70. The MACD is below the signal line.
Trade suggestion:
Sell stop at 149.030, Take profit at 148.727, Stop loss at 149.556

USDNOK

USDNOK has made lower lows and lower highs on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 41.63. The MACD is above the signal line, but ready to make a negative crossover. Negative bias is dominating the market.
Trade suggestion:
Sell stop at 7.75320, Take profit at 7.72600, Stop loss at 7.79710

BITCOIN CASH

BCH/USD is trading in the positive zone on the daily chart. The RSI is nicely placed at 46.20. The MACD has made a positive crossover above the signal line. The market is trading below all the moving averages (20 day, 50 day, 100 day and 200 day). The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 1345, Take profit at 1489, Stop loss at 1273

NATURAL GAS

Natural gas is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 33.28. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 2.568, Take profit at 2.539, Stop loss at 2.587

COFFEE

Coffee is trading in the positive zone on the daily charts. The market is trading between the moving averages, above the 9 day and the 20 day, but below the 100 day, 50 day and the 200 day. The RSI is at 50.48. The MACD is has made a positive crossover above the signal line.
Trade suggestion:
Buy limit at 122.85, Take profit at 123.55, Stop loss at 122.25

CAC 40

CAC 40 is trading in the positive zone on the daily charts. Currently, the market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 40.27. The MACD is below the signal line, but ready to make a positive crossover above the signal line. The market is expected to trade positive for the day.
Trade suggestion:
Buy limit at 5202, Take profit at 5264, Stop loss at 5125

DAILY REPORT

U.S. markets were closed on Monday for a holiday, and the focus will be on whether Wall Street can maintain its recovery once trading resumes.
The Dow gained 4.5 percent last week, winning back more than half of the territory lost during a sharp downturn earlier in the month.
The dollar index against a basket of six major currencies was 0.3 percent higher at 89.346, continuing its rebound from a three-year low of 88.253 set on Friday.
Asian stocks slipped on Tuesday, their recent recovery stalling after European equities broke a winning streak, while the dollar edged further away from three-year lows.
Spreadbetters expected a mixed start for European stocks, with Britain's FTSE seen rising 0.1 percent, Germany's DAX dropping 0.1 percent and France's CAC dipping 0.07 percent.
Japan shed 0.25 percent. Australian stocks were little changed, South Korea's KOSPI lost 1.2 percent and Hong Kong's Hang Seng dropped 0.4 percent.
Japan's Nikkei retreated 1 percent after three successive days of gains.
The pan-European STOXX index fell 0.6 percent on Monday following a three-day ascent, dragged down by falls in consumer staples stocks.
Oil prices were mixed, with reduced flows from Canada pushing up U.S. crude while Brent sagged on the back of weaker Asian stocks and the dollar's bounce.
U.S. crude futures were 1 percent higher at $62.32 per barrel after touching $62.74, the highest since Feb. 7. Brent lost 0.35 percent to $65.45 per barrel.
In commodities, Gold was 1.15 percent down at $1,340.50 an ounce. Silver lost 1.60% to $16.445 an ounce. Copper prices were 1.80% lower to $3.191 a pound. U.S. cotton is at $77.28 while sugar slipped by 1.83% to $13.38.
Bitcoin is currently trading at 11,591, 7.25% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $955.05, 1.26% higher on the Bitfinex exchange on Tuesday. Ripple’s XRP token was 1.36% up on the Poloniex exchange, for the day. Litecoin was trading at $240.72, down by 11.17%.
Technicals:
EURGBP
Fig: EURGBP D1 Technical chart
EURUSD is trading in the negative zone on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 53.07. The MACD is above the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell stop at 0.88633, Take profit at 0.88585, and Stop loss at 0.88685
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 38.75. The MACD has made a negative crossover below the signal line. The positive bias is dominating the market.
Trade suggestion:
Buy stop at 149.220, Take profit at 149.678, Stop loss at 148.980
USDCHF
Fig: USDCHF D1 Technical charts
USDCHF has made higher highs and higher lows on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 44.49. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy stop at 0.93397, Take profit at 93519, Stop loss at 0.93065
BITCOIN CASH
Fig: BITCOIN CASH D1Technical chart
BCH/USD is trading sideways on the daily chart. The RSI is nicely placed at 51.90. The MACD has made a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy limit at 1507, Take profit at 1545, Stop loss at 1485
SILVER
Fig: SILVER Technical chart
Silver is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.57. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 16.405, Take profit at 16.370, Stop loss at 16.425
COPPER
Fig: COPPER D1 Technical charts
Copper is trading in the negative and is testing the 9 day EMA on the daily charts. The market is trading above all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 51.17. The MACD is has made a positive crossover below the signal line.
Trade suggestion:
Sell stop at 3.1910, Take profit at 3.1825, Stop loss at 3.1960
NASDAQ 100
Fig: NASDAQ 100 Technical charts
NASDAQ 100 is trading in the negative zone on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 52.99. The MACD is above the signal line. The market is expected to trade negative zone for the day.
Trade suggestion:
Sell limit at 6763, Take profit at 6722, Stop loss at 6785

DAILY REPORT ON 21st FEB 2018

U.S. stocks halted a six-day rally as disappointing results from Walmart Inc., there was a steep decline in Walmart shares and a rise in interest rates, but gains in Amazon and technology stocks propped up the S&P 500 and the Nasdaq.
The 30-stock index closed 254.63 points lower at 24,964.75 — snapping a six-day winning streak — with shares of Walmart shedding 10.2 percent. The retail giant's stock posted its biggest decline since January 1988.
The S&P 500 pulled back 0.6 percent to 2,716.26, with consumer staples declining more than 2 percent. The broad index also closed lower for the first time in seven sessions. Walmart was the biggest decliner in the S&P 500.
The world's biggest brick-and-mortar retailer reported a lower-than-expected profit and posted a sharp drop in online sales growth during the holiday period. Its shares slumped 9.4 percent, on track for their biggest intraday percentage fall in more than two years.
Other retailers including Target, Kroger and Costco Wholesale fell between 1.3 percent and 3.7 percent, dragging the S&P consumer staples index down 1.62 percent.
The dollar firmed on Wednesday, extending gains made overnight following the overnight U.S. Treasury auction. The dollar index, which tracks the U.S. currency against a basket of six rivals, stood at 89.817. Against the yen, the dollar edged up to trade at 107.72, above the 106 handle it started the week at.
Asian stock markets gained after a choppy start Wednesday, following the first down day on Wall Street in seven sessions.
Japan's benchmark Nikkei 225 index shed 0.13 percent after giving up gains seen earlier after choppy trade. Manufacturing stocks which traded slightly higher early on were mixed in the afternoon, with Fanuc Manufacturing trading lower by 0.22 percent.
Markets in China remained closed for the Lunar New Year holiday.
On the commodities front, U.S. crude futures declined 1.07 percent to trade at $61.13 per barrel. Brent crude futures edged down by 0.84 percent to trade at $64.70.
Gold was 0.08 percent down at $1,329.90 an ounce. Silver lost 0.32% to $16.380 an ounce. Copper prices were 0.25% lower to $3.178 a pound. U.S. cotton is at $79.06 while sugar slipped by 0.30% to $13.34.
Bitcoin is currently trading at 10,944, 4.33% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $880.99, 6.99% lower on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 8.68% up on the Poloniex exchange, for the day. Litecoin was trading at $223.24, down by 7.21%.
Technicals:
EURJPY
Fig: EURJPY D1 Technical chart
EURJPY has made higher highs and higher lows zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 42.09. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 132.842, Take profit at 133.188, and Stop loss at 132.724
GBPUSD
Fig: GBPUSD D1 Technical charts
GBPUSD is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 51.95. The MACD is below the signal line. The negative bias is dominating the market.
Trade suggestion:
Sell stop at 1.39770, Take profit at 1.39555, Stop loss at 1.39831
USDJPY
Fig: USDJPY D1 Technical charts
USDJPY has made higher highs and higher lows on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.74. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy stop at 107.733, Take profit at 108.045, Stop loss at 107.599
DASH
Fig: DASH D1Technical chart
DASH/USD is trading in the red zone on the daily chart. The RSI is nicely placed at 48.79. The MACD has made a positive crossover above the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 658, Take profit at 618, Stop loss at 688
COFFEE
Fig: COFFEE Technical chart
Coffee is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.71. The MACD is below the signal line. Negative bias is dominating the market.
Trade suggestion:
Sell limit at 119.65, Take profit at 119, Stop loss at 120.10
SUGAR
Fig: SUGAR D1 Technical charts
Sugar is trading in the negative on the daily charts. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 41.32. The MACD is ready to make a negative crossover below the signal line.
Trade suggestion:
Sell stop at 13.31, Take profit at 13.00, Stop loss at 13.41
RUSSELL 2000
Fig: RUSSELL 2000 Technical charts
RUSSELL 2000 is trading in the negative zone on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 48.71. The MACD is above the signal line. The market is expected to trade negative zone for the day.
Trade suggestion:
Sell limit at 1530, Take profit at 1520, Stop loss at 1535

DAILY REPORT ON FEB 22ND 2018

U.S. stocks advanced on Wednesday, with the Dow and S&P 500 on track for their seventh gain in eight sessions, buoyed by stocks in economically sensitive areas such as industrials and technology.
After the Federal Reserve left interest rates unchanged in January, minutes of that meeting released on Wednesday showed the central bank's rate-setting committee grew more confident in the need to keep raising rates, with most believing that inflation would perk up.
Expectations for a quarter-point hike at the Fed's next meeting in March are currently 93.5 percent, according to Thomson Reuters data. The central bank has forecast three rate hikes in 2018.
The Dow Jones Industrial Average rose 218.69 points, or 0.88 percent, to 25,183.44, the S&P 500 gained 23.55 points, or 0.87 percent, to 2,739.81 and the Nasdaq Composite added 85.66 points, or 1.18 percent, to 7,319.97.
The dollar held onto most of its overnight gains courtesy of higher Treasury yields, though the sudden shift to safety also spurred demand for the Japanese yen.
Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.
Japan's Nikkei shed 1.18 percent, with office equipment maker Ricoh down more than 5 percent on news it was conducting impairment tests.
Chinese markets were in a better mood, returning from their long holiday break with a gain of 2 percent for the Shanghai blue-chip index
On the commodities front, U.S. crude futures fell 61 cents to $61.12 a barrel, while Brent lost 48 cents to trade at $64.98.
Gold was 0.08 percent down at $1,325.50 an ounce. Silver lost 1.16% to $16.425 an ounce. Copper prices were 1.16% lower to $3.168 a pound. U.S. cotton is at $79.96 while sugar earned by 0.52% to $13.41.
Bitcoin is currently trading at 10,816, 0.31% higher on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $863.83, 1.24% lower on the Bitfinex exchange on Wednesday. Ripple’s XRP token was 0.90% down on the Poloniex exchange, for the day. Litecoin was trading at $218.98, down by 0.21%.
Technicals:
EURGBP
Fig: EURGBP D1 Technical chart
EURGBP is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 48.46. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 0.88248, Take profit at 0.88360, and Stop loss at 0.88194
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day and 100 day). The RSI is at 40.55. The MACD is below the signal line. The negative bias is dominating the market.
Trade suggestion:
Sell stop at 149.145, Take profit at 148.790, Stop loss at 149.390
USDCHF
Fig: USDCHF D1 Technical charts
USDCHF has made higher highs and higher lows on the daily chart. Currently, the price action is trading between the moving averages, above the 9 day and the 20 day EMA, but below the 50 day, 100 day and the 200 day. The RSI is at 40.47. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy stop at 0.93954, Take profit at 0.94525, Stop loss at 0.93782
BITCOIN CASH
Fig: BITCOIN CASH D1Technical chart
BCH/USD is trading sideways on the daily chart. The RSI is nicely placed at 45.32. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD has made a positive crossover above the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 1310, Take profit at 1260, Stop loss at 1328
NATURAL GAS
Fig: NATURAL GAS Technical chart
Natural gas is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 39.29. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 2.634, Take profit at 2.676, Stop loss at 2.610
SILVER
Fig: SILVER D1 Technical charts
Silver is trading sideways on the daily charts. The market is trading below all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 41.90. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 16.410, Take profit at 16.546, Stop loss at 16.340
EURO STOXX 50
Fig: EURO STOXX 50 Technical charts
EURO STOXX 50 is trading in the negative zone, on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 41.85. The MACD is ready to make a positive crossover above the signal line. The market is expected to trade negative zone for the day.
Trade suggestion:
Sell limit at 3419, Take profit at 3440, Stop loss at 3397

DAILY REPORT ON FEB 23RD 2018

The Dow and S&P 500 advanced on Thursday to halt a two-session losing skid, buoyed by gains in industrial and energy shares as U.S. Treasury yields eased, while the Nasdaq lost ground for a third straight session.
The Dow Jones Industrial Average rose 164.7 points, or 0.66 percent, to 24,962.48, the S&P 500 gained 2.63 points, or 0.10 percent, to 2,703.96, and the Nasdaq Composite dropped 8.14 points, or 0.11 percent, to 7,210.09.
Industrial shares climbed 0.59 percent, led by a 3.04 percent gain in Quanta Services Inc after its quarterly results and a 3.34 percent rise in United Technologies Corp after the aero parts maker said it is exploring a breakup of its business portfolio.
Energy stocks, up 1.08 percent, also helped support gains, as oil prices advanced on a surprise draw in U.S. crude inventories.
Asian shares rebounded on Friday as comments from a Federal Reserve official eased worries about faster rate rises in the United States, while the safe-haven yen held on to its gains amid heightened volatility across markets.
Financial markets have fluctuated wildly this month as investors fretted about how fast the Fed might raise rates in the wake of data showing a pickup in U.S. inflation.
Japan's Nikkei edged 0.67 percent higher and South Korea's KOSPI index rose 1.1 percent. China's Shanghai Composite index and the blue-chip each rose 0.7 percent.
Oil prices hovered near two-week highs, supported by lower U.S. crude inventories, but gains were capped by a surge in U.S. exports. WTI crude added 6 cents to $62.83 per barrel and Brent eased 1 cent to $66.38.
Gold was 0.23 percent down at $1,329.70 an ounce. Silver lost 0.22% to $16.550 an ounce. Copper prices were 0.37% lower to $3.224 a pound. U.S. cotton is at $79.77 while sugar earned by 2.01% to $13.68.
Bitcoin is currently trading at 9,819, 9.20% lower on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $831.31, 3.57% lower on the Bitfinex exchange on Friday. Ripple’s XRP token was 7.85% down on the Poloniex exchange, for the day. Litecoin was trading at $192.55, down by 11.36%.
Technicals:
EURJPY
Fig: EURJPY D1 Technical chart
EURJPY is trading in the negative zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 35.43. The MACD is below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell stop at 131.546, Take profit at 131.286, and Stop loss at 131.839
GBPJPY
Fig: GBPJPY D1 Technical charts
GBPJPY is trading in the positive zone on the daily charts. The market is trading below the 9 day, 20 day and the 50 day moving averages, but above the 100 day and the 200 day moving averages. The RSI is at 49.81. The MACD is below the signal line. The positive bias is dominating the market.
Trade suggestion:
Buy stop at 1.39456, Take profit at 1.39740, Stop loss at 1.39340
USDNOK
Fig: USDNOK D1 Technical charts
USDNOK is trading sideways on the daily chart. Currently, the price action is trading between the moving averages, above the 9 day and the 20 day EMA, but below the 50 day, 100 day and the 200 day. The RSI is at 51.67. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy stop at 7.87437, Take profit at 7.90468, Stop loss at 7.86222
ZECASH/USD
Fig: ZECASH/USD D1Technical chart
ZEC/USD is trading sideways on the daily chart. The RSI is nicely placed at 42.19. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is ready to make a negative crossover below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 375.970, Take profit at 368.300, Stop loss at 389.170
COFFEE
Fig: COFFEE Technical chart
Coffee is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 47.97. The MACD is ready to make a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 121, Take profit at 121.98, Stop loss at 120.88
COPPER
Fig: COPPER D1 Technical charts
Copper is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 47.97. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 3.2280, Take profit at 3.2350, Stop loss at 3.2125
CAC 40
Fig: CAC 40 Technical charts
CAC 40 is trading in the positive zone, on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 48.85. The MACD has made a positive crossover above the signal line. The market is expected to trade positive zone for the day.
Trade suggestion:
Buy limit at 5290, Take profit at 5318, Stop loss at 5264

DAILY REPORT ON 26TH FEB, 2018

Stocks rallied on Friday as interest rates slipped further from a four-year high, pushing the major indexes higher for the week.
The Dow Jones industrial average closed 347.51 points higher at 25,309.99, with Intel as the best-performing stock. The S&P 500 gained 1.6 percent to end at 2,747.30, with utilities and energy as the best-performing sectors. The broad index also broke above its 50-day moving average — a key technical level — in afternoon trade.
Entering Friday's session, the Dow and S&P 500 were on track to close down by 1 percent for the week. They finished the week with gains of 0.4 percent and 0.6 percent, respectively.
The Nasdaq composite advanced 1.8 percent to 7,337.39 as shares of Facebook, Amazon, Netflix and Alphabet all rose. For the week, the index rose 1.4 percent.
In currency markets, the U.S. dollar surrendered early gains to dip 0.2 percent on a basket of currencies to 89.730. That followed a 0.8 percent bounce last week.
Asian shares made guarded gains on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve.
Japan's Nikkei led with an increase of 1.3 percent, while Chinese blue chips added 0.7 percent.
China's ruling Communist Party on Sunday set the stage for President Xi Jinping to stay in office indefinitely, with a proposal to remove a constitutional clause limiting presidential service to just two terms in office.
Oil prices extended gains to hit their highest level in nearly three weeks on Monday, supported by comments from Saudi Arabia that it would continue to curb exports in line with the OPEC-led effort to cut global supplies.
U.S. crude futures added 25 cents to $63.80 a barrel, while Brent futures rose 15 cents to $67.46.
Gold was 0.80 percent up at $1,341 an ounce. Silver earned 1.28% to $16.695 an ounce. Copper prices were 0.43% higher to $3.247 a pound. U.S. cotton is at $81.75.
Bitcoin is currently trading at 9,585, 1.04% lower on the Bitfinex exchange, from its previous close.
Ethereum was last trading at $846.80, 1.03% higher on the Bitfinex exchange on Monday. Ripple’s XRP token was 1.76% down on the Poloniex exchange, for the day. Litecoin was trading at $221.98, up by 8.19%.
Technicals:
EURGBP
Fig: EURGBP D1 Technical chart
EURGBP is trading sideways on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 43.01. The MACD is below the signal line. The market is expected to trade in the positive territory.
Trade suggestion:
Buy stop at 0.87881, Take profit at 0.88000, and Stop loss at 0.87860
GBPUSD
Fig: GBPUSD D1 Technical charts
GBPUSD has made higher highs and higher lows on the daily charts. The market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The RSI is at 53.98. The MACD is below the signal line, but expected to make a positive crossover above the signal line. The positive bias is dominating the market.
Trade suggestion:
Buy stop at 1.40185, Take profit at 1.40502, Stop loss at 1.3995
USDJPY
Fig: USDJPY D1 Technical charts
USDJPY is trading sideways on the daily chart. Currently, the price action is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day) The RSI is at 36.19. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy stop at 106.551, Take profit at 106.917, Stop loss at 106.474
DASH/USD
Fig: DASH/USD D1Technical chart
DASH/USD is trading sideways on the daily chart. The RSI is nicely placed at 41.32. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day, and 200 day). The MACD is ready to make a negative crossover below the signal line. The market is expected to trade in the negative territory.
Trade suggestion:
Sell limit at 579, Take profit at 549, Stop loss at 610
SILVER
Fig: SILVER Technical chart
Silver is trading in the positive zone on the daily charts. The market is trading below all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 51.5. The MACD has made a positive crossover above the signal line. Positive bias is dominating the market.
Trade suggestion:
Buy limit at 16.680, Take profit at 16.723, Stop loss at 16.600
NATURAL GAS
Fig: NATURAL GAS D1 Technical charts
Natural gas is trading in the positive zone on the daily charts. The market is trading above all the moving averages (9day, 20 day, 50 day, 100 day and 200 day). The RSI is at 45.40. The MACD has made a positive crossover above the signal line.
Trade suggestion:
Buy stop at 2.684, Take profit at 2.730, Stop loss at 2.580
RUSSELL 2000
Fig: RUSSELL 2000 Technical charts
RUSSELL 2000 is trading in the positive zone, on the daily charts. Currently, the market is trading above all the moving averages (9 day, 20 day, 50 day, 100 day and 200 day). The RSI is at 54.38. The MACD has made a positive crossover above the signal line. The market is expected to trade positive zone for the day.
Trade suggestion:
Buy limit at 1552, Take profit at 1547, Stop loss at 1563