Daily FX Strategies: November 2014

Friday 28 November 2014

US equity market ended on a positive note on Wednesday

US equity market ended on a positive note on Wednesday boosted by tech shares. The S&P 500 and Dow Jones industrial average closed at record highs, while the energy sector had the highest weight on market. The Dow Jones industrial average rose 12.75 points or 0.07% to close at 17827.69, the S&P 500 gained 5.76 points or 0.28% to close at 2072.79 and the NASDAQ Composite added 29.07 points or 0.61% to close at 4787.32. With half day trading session on Friday, market is expected to trade in a range with less volume.

Recommendation Buy above $35.91

Target $37.50

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
UBS Group Wi	23.20	32.70
American Realty Investors	05.99	14.31
Veeva Systems	32.43	12.45
E-House Holdings ADS	09.89	09.71
China Life Insurance ADS	52.37	09.26

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Sea drill	16.09	22.28
North Atlantic Drilling	02.66	16.09
Diamond Offshore Drilling	32.35	10.54
FMSA Holdings	11.51	10.15
Fortuna Silver Mines	04.51	07.96

CONAGRA FOODS INC:

STOCK SUMMARY:-

Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $35.91 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $37.50.
CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $35.91 is expected, which would trigger further bullish sentiment in the stock to test the levels of $37.50.

INDICATORS:-

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

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Thursday 27 November 2014

NZD/USD Is Bullish - Expecting Positive Side Movement

The secondry trend of NZD/USD is bullish & it is sustaining below the rising trend line & expected to give breakout at upside. Prices are taking resistance from the level of 0.7930 & consolidating with a positive bias. 0.7930 is a important support level and breaching of it can show upside movement to the levels of 0.7950/0.7975. MACD line is sustaining above the zero line, which is also indicating the positive sentiment in the market. RSI is also supporting the same.

STRATEGY :-

For Today, NZD/USD is looking strong on chart. We can expect positive side movement for this session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2316	1.2344	1.2389	1.2417	1.2462	1.2490	1.2535
GBP/USD	1.5561	1.5595	1.5646	1.5680	1.5731	1.5765	1.5816
USD/JPY	116.84	117.21	117.83	118.20	118.82	119.19	119.81
USD/CHF	0.9591	0.9627	0.9649	0.9685	0.9707	0.9743	0.9765
AUD/USD	0.8450	0.8520	0.8561	0.8631	0.8672	0.8742	0.8783
EUR/GBP	0.7875	0.7890	0.7905	0.7920	0.7935	0.7950	0.7965
USD/CAD	1.1151	1.1188	1.1239	1.1276	1.1327	1.1364	1.1415
NZD/USD	0.7766	0.7806	0.7831	0.7871	0.7896	0.7936	0.7961

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Wednesday 26 November 2014

US Equity Grew More Than Expected On Tuesday

US equity market ended little changed on Tuesday as the US economy grew more than expected last quarter. Weak consumer confidence and house price data kept major indexes in a narrow range. The Dow Jones industrial average fell 2.83 points or 0.02% to close at 17815.07, the S&P 500 lost 2.28 points or 0.11% to close at 2067.13 and the NASDAQ Composite added 3.36 points or 0.07% to close the day at 4758.25. Core durable goods, Employment claims and Home sales data are due on Wednesday, which might cause volatility in market with high volume.

Recommendation Buy above $72.55
Target $74.50

ADOBE SYS INC

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Dycon Industries	30.04	14.66
Brown Shoe	31.46	10.46
Eldorado Gold	06.95	08.76
Build-A-Bear Workshop	20.42	08.62
Douglas Dynamics	24.79	08.30

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Niska Gas Storage Partners	05.34	11.74
Amira Nature Foods	15.62	09.71
Arch Coal	02.30	09.45
E-Commerce China Dangdang ADS	11.27	09.23
Alpha Natural Resources	02.21	09.22

STOCK SUMMARY:-

Adobe Sys Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $72.55 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $74.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining below resistance trend line with bullish flag pattern formation on daily intraday chart. Near term breach of resistance level of $72.55 is expected, which would trigger further bullish sentiment in the stock to test the levels of $74.50.

INDICATORS:-

RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.

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Tuesday 25 November 2014

UK Stock Has Shown Consolidation & Sustaining Near To Positive Bias

RECOMMENDATION BUY

TARGET 795

A wave of M&A news did not provide Britain markets a lift on Mon as investors took profits once stocks hit their highest in 2 months the previous session.The FTSE 100 finished 0.3% lower at 6,730 with a vast drop by the share value of field services firm Petrofac and weakness within the mining sector compensatory bid activity that boosted shares of Friends Life, BT Group and Smith & kinsman. FTSE Index showed short term correction and closed with moderate loss .Index is sustain on top of the amount 6700 level for future 6900 level is seen with the close to support of 6600.

TOP GAINER

Name	Close Price	Change %
Smith & Nephew	11.8	4.4
Bt Group	394.1	3.71
Man group	139.5	2.05
Carnival	2664	1.8
Itv	205	1.59

TOP LOSER

Name	Close Price	Change %
Aviva	510	-5.38
William Hill	340	-5.27
Tate & Lyle	602	-2.98
Sainsbury	252.3	-2.85
Bhp Billiton	1621	-2.47

The primary trend of metropolis Plc is pessimistic however from few commerce session it's consolidating regarding resistance crossroad of the resistance will show northward journey.One will initiate long position within the stock on top of the amount of 735 with the stop loss of 715 for the target of 795.

CHART FORMATION:-

Stock has showing consolidation and sustaining regarding the resistance level with positive bias.
It's commerce on top of the 50 DMA and two hundred DMA with the positive bias.

INDICATORS:-

RSI is commerce on top of the fifty level and showing consolidation , crossing of 60 level it will check the amount of 70.
Macd & Signal line is on the point of offer get away on top of Zero level line that is indicating strength within the stock.

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Monday 24 November 2014

Crude Oil In Bearish Trend - Good Support Level Breakout Expected

Overview :

NYMEX petroleum is in pessimistic trend , there's sensible damage break out expected .If NYMEX petroleum the level of 73.00 then any draw back movement is predicted to take a look at the amount of 70.61 draw back. .

Indicators:

Its RSI is sustaining below the 50's levels & will take a look at 30's level indicating the any draw back movement within the goods.

Trading Strategy :

NYMEX petroleum weak on chart. If NYMEX petroleum breaks the amount of 73.00 draw back, then it will take a look at the amount of 70.61 One will opt for sell on higher level strategy for this try for intra day to middle term positions.

Technical - Levels

	R2	R1	S1	S2
GOLD	1216.61	1207.67	1175.00	1167.66
SILVER	17.02	16.60	15.85	15.41
CRUDE OIL	79.85	78.07	74.91	73.91
COPPER	3.0068	3.4016	2.9963	2.9801
NATURAL GAS	4.7920	4.5550	4.1460	4.0980

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Friday 21 November 2014

AUD/CAD - Consolidating With A Positive Bias

SUMMARY:

AUD/CAD is in consolidating section, in its hourly chart costs don't seem to be sustaining at lower levels & consolidating with a positive bias. If AUD/CAD breaks the amount of 0.9780 & sustains on top of it then, will come back up to the amount of 0. 9820 in today's session. costs square measure taking support of 30 DMA & will come back up to check 200 DMA. RSI & random is additionally supporting the buying for intraday positions.

Today's Chart: AUD/CAD ( HOURLY )

STRATERGY :-

AUD/CAD is trying robust on charts. Indicators also are supporting constant. One will opt for obtain on dips strategy for this combine for intra day to middle term positions