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USDX higher BUT still under resistance: FX Indices Review 22/09/14 by Mary McNamara

USDX Monthly: The September candle is still large and bullish and above the resistance of the 61.8% fib of the last major swing bear move 2010-2011 and the monthly 200 EMA. It is still butting up against the next wave of major resistance from the 78.6% fib and the monthly chart’s bear triangle trend line […]

NASDAQ & some of its stocks reviewed by Mary McNamara

Sat 20th Sept I saw some CNBC trading commentary on the NASDAQ this morning and, given I have previously reviewed the S&P500, DJIA, the DAX and Canada’s TSX, I thought I would have a closer look at this index. The NASDAQ is lagging it’s S&P500 and DJIA partner indices in that it has not printed a […]

FX update: just one TC signal but 370 pips! by Mary McNamara

TC Signal: The one valid TC signal so far this week on the GBP/JPY has now given up to 370 pips. New TC Signals off my 7 am candle: A/J: the A/J is above the Cloud on the daily and in the Cloud on the 4hr chart. A small move higher would make this new TC […]

Scottish referendum – List of expected reporting times

Here is a list of all the expected reporting times for each Council area. We’ll get the first estimates from 02:00 BST onwards and the final results should be known by 07.00 BST. I will be covering the event live on Twitter: http://www.twitter.com/MilanCutkovic/ The post Scottish referendum – List of expected reporting times appeared first on […]

Cable extending gains as traders bet on “No”-vote

GBP/USD hit a high of 1.6385 earlier and dealers report that buying is coming mainly from leveraged names Liquidity is expected to dry up soon, so we could see volatile moves in both direction Given that short-term specs are now mostly long, downside looks more vulnerable Key intraday support at 1.6345 and then 1.6300 Voting […]

USD/JPY – 109.00 barrier holding for now

Traders report large offers on the e-platforms earlier 1 billion offer at 108.90 alone This was taken out on the spike to 108.96, but it looks like there is some decent protection of the 109.00 barrier option Key intraday support at 108.50 – stops reported below The post USD/JPY – 109.00 barrier holding for now […]

E/J: at major resistance & a pivotal level.

Thurs 18th Sept The E/J must get the ‘quiet achiever’ award for this week. It has continued on with the rally it started last week and, after a short dip at market open on Monday, resumed its bull run as evident on the 4hr chart below. This 2 week effort has netted 400 pips but the […]

DXY. Reaching strong resistance. Some caution warranted.

DXY: 84.63 The DXY has today made it to 84.70, just shy of the July 2013 top at 84.75. This should prove strong resistance and given that the MACD are becoming overbought and the RSI’s/Stochastics are not really backing this move up, some caution is warranted. . On a break of 84.75 I cannot see too […]

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