AUD/CAD Forex Signal for Monday, March 16 2015

AUD/CAD (4 HOURLY )

AUD/CAD

RECOMMENDATION : BUY TARGET 0.9945

 

SUMMARY:

The major trend of AUD/CAD is bearish but from past few weeks prices are not sustaining at lower levels & consolidating near the important level of 0.9810. Prices are taking resistance of falling trendline & consolidating with strong positive bias. If the pair breaks the important level of 0.9810 at upside then we can expect it to test the level of 0.9880/0.9945.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair. MACD is also sustaining above the zero line,indicating the up trend in the market.

STRATEGY:- AUD/CAD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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NZD USD Forex Technical Report

Daily Technical Report

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2369	1.2366	1.2369	1.2366	1.2369	1.2366	1.2369
GBP/USD	1.5643	1.5640	1.5643	1.5640	1.5643	1.5640	1.5643
USD/JPY	117.51	117.62	117.72	117.83	117.92	118.03	118.12
USD/CHF	0.9668	0.9682	0.9700	0.9714	0.9732	0.9746	0.9764
AUD/USD	0.8658	0.8663	0.8672	0.8677	0.8686	0.8691	0.8700
EUR/GBP	0.7895	0.7899	0.7904	0.7908	0.7913	0.7917	0.7922
USD/CAD	1.1216	1.1223	1.1228	1.1235	1.1240	1.1247	1.1252
NZD/USD	0.7871	0.7875	0.7882	0.7886	0.7893	0.7897	0.7904

Today's Chart: NZD/USD ( DAILY )

SUMMARY:

The secondry trend of NZD/USD is bearish, but prices are not sustaining on lower levels the pair is sustaining below the falling trendline & consolidating with a positive bias. If NZD/USD breaches the level of 0.7980 & sustains above it then we can expect it to come up to the levels of 0.8090. I n it daily chart 30 DMA is working as a support & prices can come up to test 200 DMA. RSI is sustaining in buying territory & indicating the upcoming buying in the pair.

In MACD , MACD line has recently breach the zero line, supporting the upside movement for next few sessions.

STRATERGY :- For this week, NZD/USD is looking strong on charts. Indicators also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Today's Forex Technical Report

Daily Technical Report

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2421	1.2466	1.2510	1.2555	1.2599	1.2644	1.2688
GBP/USD	1.5474	1.5531	1.5607	1.5664	1.5740	1.5797	1.5873
USD/JPY	115.93	116.37	117.18	117.62	118.43	118.87	119.68
USD/CHF	0.9456	0.9493	0.9531	0.9568	0.9606	0.9643	0.9681
AUD/USD	0.8448	0.8523	0.8571	0.8646	0.8694	0.8769	0.8817
EUR/GBP	0.7926	0.7956	0.7981	0.8011	0.8036	0.8066	0.8091
USD/CAD	1.1233	1.1262	1.1301	1.1330	1.1369	1.1398	1.1437
NZD/USD	0.7728	0.7782	0.7818	0.7872	0.7908	0.7962	0.7998

Today's Chart: AUD/USD ( HOURLY )

SUMMARY:

The primary trend of AUD/USD is bearish, it has formed a falling wedge in its hourly chart which is expected to give breakout at upside. If AUD/USD breaks the level of 0.8610 & sustains above it then, can come up to the levels of 0.8660 in today's session. Prices are taking support of 30 DMA & can come up to test 200 DMA. RSI & Stochastic is also supporting the buying for intraday positions.

Technical Chart

STRATERGY :- AUD/USD is looking strong on charts. Indicators are also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions

FOREX Technical Report on USD and CAD

Technical Chart

SUMMARY

The primary trend of USD/CAD is bullish. It is sustaining below the falling trend line & consolidating with a positive bias. 

Daily FOREX Signals

Prices are taking support from 30 SMA & can come up to test the 200 SMA . 

Today if the pair sustains above 1.1330 we can expect it to test the level of 1.1350/1.1370.

RSI is also sustaining in buying territory supporting the further bullishness in the market.

 

USD/CAD

STRATEGY 

For Today, USD/CAD is looking strong on chart. 

We can expect upside movement for few upcoming session. 

One can go for buy on dip strategy for this pair for intra day to mid term positions.

NYSE stock trading session overview

NYSE stocks Update

U.S. stock market ended on bearish trend on Tuesday, putting the market at risk for a fourth consecutive day of decline. Energy shares were the biggest losers because of falling oil prices. Stocks were in a Bullish trend until the last hour of the market where energy shares were the biggest drag. Retail sales data is due on Wednesday which is expected to come positive for the economy to help support the continuously falling equity market.

  

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
EXCO Resources	02.53	16.59
Baltic Trading	03.34	12.46
Graf Tech International	04.12	12.43
GAIN Capital Holdings	07.11	12.32
Domino's Pizza	84.33	11.37

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Midstates Petroleum	02.35	27.17
Nuverra Environmental Solutions	09.48	14.90
Miller Energy Resources	03.11	13.13
Panhandle Oil & Gas	18.59	11.22
Verso Paper	02.45	10.91

U.S. Stock Pick of the day for next session : GILEAD SCIENCES INC

Recommendation    :             Sell below $102.50
Target                      :             $100.10

STOCK SUMMARY:-
 

Gilead Sciences Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can  sell the stock below the level of $102.50 which is a near term support level for the stock, and if it manages to breach this level further bearish movement is expected in this stock to test the levels of $100.10.

CHART FORMATION
 

Stock is in consolidate trend for near term and price is expected to test the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $102.50 is expected, which would trigger further bearish sentiment in the stock to test the levels of $100.10.

Click to enlarge

INDICATORS:-
 

RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

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U.S. Stock Market on Friday

US stock market on Friday

U.S. stock market witnessed a sharp selling trend on Friday with all major indices  recording their major weekly decline in last two years. Market is volatile on concerns about slowing economic growth. Bad economic data with dovish statement is causing weakness in share market. U.S. equity market is closed on Monday on observance of Columbus day.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Diplomat Pharmacy	16.88	29.85
L-3 Communications Holdings	117.95	09.10
Global Ship Lease CI A	03.37	08.01
Fortuna Silver Mines	04.52	07.62
Infosys ADS	63.16	06.31

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Spansion CI A	16.99	15.05
ITT Educational Services	04.67	14.00
Manitowoc	18.76	12.87
Aerohive Networks	06.63	11.48
A10 Networks	04.21	11.18

U.S stock market overview

 

US stock market overview

U.S. stock market followed Wednesday's sharp rally and ended red on Thursday that clipped all the ten sectors. Equities began the trading day with modest losses, but energy sector was a notable laggard from the start of the day. With no major data due on Friday, market is expected to trade in a  range with less volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Hub Spot	30.10	20.40
ITT Educational Services	05.43	20.40
Ruby Tuesday	06.82	15.20
Vectrus	21.35	07.99
Lindsay	79.86	06.69

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Global Ship Lease CI A	03.12	16.35
Paragon Offshore	04.99	14.70
Wayfair CI A	26.71	13.98
Independence Contract Drilling	09.59	13.60
Acorn International ADS	02.43	13.52

U.S. stock pick of the day : CVS HEALTH CORP

U.S. stock pick of the day

Recommendation    :            Buy above $82.57
Target                      :           $84.50

STOCK SUMMARY:-

CVS Health Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can  buy the stock above the level of $82.57 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 $84.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is expected to take the support from the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $82.57 is expected, which would trigger bearish sentiment in the stock to test the levels of $84.50.

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.

U.S. Stock Market Overview

U.S. stock market ended the Wednesday session on a bullish note despite enduring a bearish start. The first half of the session saw a brief dip into the red that was fuelled by the weakness in energy sector which was later ended in 1% profit after the FOMC minutes sparkled an afternoon rally that likely featured a short-covering component. Employment claims data is due on Thursday which is expected to come positive for the economy to support bulls in the market.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Alamos Gold	08.77	13.60
Fortuna Silver Mines	04.33	12.76
Eldorado Gold	07.59	11.62
Primero Mining	04.98	11.41
AuRico Gold	03.73	10.68

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
A10 Networks	04.55	42.41
IFM Investments ADS	01.80	13.88
Mistras Group	17.35	11.61
J.C. Penney	08.19	10.88
Midstates Petroleum	03.92	07.76