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

NYSE Last Session Overview

U.S. stock market closed flat on Wednesday with concerns over latest policy meeting by the Federal reserve. The stock market rallied shortly after the Fed minutes release at 2 pm. The Dow rose 30 points before falling back with investors concern over interest rate hike in early 2015. The Fed also cut its inflation outlook for the fourth quarter and early next year due to falling oil prices. The lack of inflation could allow the Fed to hold off a little while longer before deciding to raise rates. Employment report along with consumer price data is due on Thursday, which are expected to support the bulls to take the equity market at new highs.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
CGG ADS	10.58	23.02
Stage Stores	18.78	19.31
China Distance Education Holdings ADS	17.70	18.24
Roundys	03.88	12.14
Centrais Electricas Brasileiras ADS	02.28	11.22

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
North Atlantic Drilling	03.16	20.40
Cliffs Natural Resources	08.22	19.44
Constellium CI A	17.85	14.88
Leju Holdings ADS	12.08	14.69
E-House Holdings ADS	08.48	10.97

NYSE Stock Pick of the Day : ANALOG DEVICES INC

NYSE Stock Pick of the Day

Recommendation    :           Buy above $50.75
Target                      :           $52.50

STOCK SUMMARY:-Analog Devices Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $50.75 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 $52.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $50.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $52.50.

Technical chart

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.

NYSE Stocks Review

 

NYSE Stocks Review

U.S. stock market ended higher on Monday despite of weaker than expected industrial production and capacity utilization data. Market opened the week on a bullish note and sustained at its higher levels till the end of the session. Purchasing price index data is due on Tuesday which is expected to come positive for the overall economy giving support to the bulls to test the market at new higher levels.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Niska Gas Storage Partners	05.16	13.14
Baker Hughes	65.35	09.12
TCP International Holdings	05.71	08.97
Exterran Holdings	36.52	08.16
Associated Estates Realty	21.17	07.68

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
William Lyon Homes	19.36	14.59
China Eastern Airlines ADS	21.12	10.96
Denbury Resources	09.98	10.89
Halliburton	49.11	10.84
Bill Barrett	12.71	09.89

US Stock Pick of the Day : CPFIZER INC

Stock Pick of the Day

Recommendation     :           Buy above $30.75
Target                     :          $32.50

STOCK SUMMARY:-
Pfizer Inc is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $30.75 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 $32.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $30.75 is expected, which would trigger further bullish sentiment in the stock to test the levels of $32.50.

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

US stock market

U.S. stock market ended lower on Friday with health-care shares sank to offset gains among energy producers and investors weighed whether the recent rally in equities may have been overdone. The market has shown a big rally in October to a record on Nov.11 as corporate earnings topped estimates and economic data showed the US economy was weathering a global slowdown as the Federal Reserve ended its bond buying program. With no major data due on Monday market might trade in range with less volume to sustain its uptrend.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Pandora Media	21.51	16.59
Bitauto Holdings ADS	91.99	16.02
Intra Links Holdings	10.94	14.32
Coeur Mining	04.28	12.63
Navios Maritime Holdings	05.88	11.81

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Movado Group	26.25	31.84
Puma Biotechnology	216.22	09.72
American Vanguard	11.92	09.28
Ocwen Financial	20.59	08.97
Century Communities	16.96	07.78

Wall Street Pick of the Day : CONAGRA FOODS INC

Pick of the Wall Street

Recommendation   :             Buy above $34.95
Target                     :             $39.50

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 $34.95 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 $39.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $34.95 is expected, which would trigger further bullish sentiment in the stock to test the levels of $39.50.

Technical Chart

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.