AUDUSD fall continues and may reach 0.8000. A short time support may appear there. But the strength of the support may be week enough for a reversal.
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Russian Ruble to go banana currency?
No bailout options in vision Russian economy at its worst, will it become a banana currency?
USD Advance Retail Sales NOV 2014
USD Advance Retail Sales NOV 2014 is 0.7% Previous 0.5%
A 0.2% gain proved good to USD,
A 0.2% gain proved good to USD,
USDJPY 119.5 Support Level.
USDJPY 2 day downfall seems to be supported at 119.5. A reversal at this point is a possibility.
A successful reversal means, continues uptrend from earlier support of 101 and may touch 123.00 and beyond.
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| USDJPY support at 119.5 |
Will GOLD Gain any Further?
A small jump from last months low of 1130 per Oz to 1220 by 1st of December haven't gave the metal any shining. Except the fear of yellow metal reeling under 1000 was overcame. As of now it struggles to break any further, it would be great if it finishes the year above 1200 / Oz, which was incidentally 2014 opening price.
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| GOLD so far...... |
EURUSD downtrend continues. How far it will go?
The down trend of Euro is continuing for more than 30 weeks. At peak EURUSD was traded at little less than 1.4000 by May this year. From then onward a study downhill follows.
As of now it trading at 1.2370 a 100+ pips recovery from yesterdays low of 1.2240. But again met the resistance point 1.2250 it seems. As no proof of any strong reversal, it may not be a surprise if EURUSD touch 1.2000 in forthcoming days.
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| EURUSD Weekly Chart from 1st Jan until today, downtrend continues. |
GBPUSD Sharp fall & Sweet Recovery!
GBPUSD dropped >120 pips on Friday 5th. Opened at 1.5672, Closed at 1.5572 with High of 1.5694 and low of 1.5568.
How ever on opening day of this week (8th Dec 2014) the pair gained nearly 130 + pips, with a high of 1.5678
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| USDGBP 1 hour candle bar on December 5th 2014 |
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| USDGBP 1 hour candle bar chart on December 8th 2014 |
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