Wednesday, 27 November 2013

T4X Trading Analysis

EURUSD
T4x Outlook: : Long positions above 1.3559 with targets @ 1.363 & 1.3655 in extension. above the Poseidon Medium line 

T4x Substitute Outlook : Below 1.3559 look for further downside with 1.3520 & 1.3486 as targets.

T4x  opinion : the pair is facing a pull back after the rally today on its support look for a possible rally

EURGBP
T4x Outlook: : Short positions below 0.8358 with targets @ 0.831 & 0.8285 in extension.

T4x Substitute Outlook : Above 0.8358 look for further upside with 0.8383 & 0.84 as targets.

T4x opinion t: the pair has broken below said support as planned and remains under pressure holding 0.8334 support


GBPUSD
T4x Outlook: Long positions above 1.6237 with targets @ 1.6335 & 1.6395 in extension.

T4x Substitute Outlook : Below 1.6237 look for further downside with 1.6195 & 1.616 as targets.

 T4x opinion t: the pair rallied pass the 161.8 expansion and has pulled back on its support ahead of a possible  rebound.

        
USDJPY
T4x Outlook: Long positions above 101.93 with targets @ 102.5 & 102.9 in extension.

T4x Substitute Outlook: Below 101.5 look for further downside with 101.15 & 100.95 as targets.

 T4x opinion : the pair has broken above resistance and should move for a further advance.

AUDUSD
Pivot: 0.9135

T4x Outlook: Short positions below 0.9071 with targets @ 0.8958 & 0.89 in extension.

T4x Substitute Outlook: Above 0.9135 look for further upside with 0.9205 & 0.925 as targets.

 T4x opinion : technically, the RSI is below its neutrality area at 50.

USOil      



 T4x Outlook: SHORT positions below 93.4 with 92.05 & 91.4 as next targets.

T4x Substitute Outlook: The upside penetration of 93.4 will call for 94.65 & 95.5.

 T4x opinion  ABCD Move towards 91.71 100% expansion will we see a rise back towards 93.05
EIA Crude Oil Stock is a measure of change in crude oil storage and it's released by the Energy Information Administration.
 Actual 2.953m consensus  0.500 previous 0.375M

Trend: ST Ltd downside; MT Range


FTSE:100
T4x Outlook:As long as 6611 is not broken down, we favour an upmove with 6732 and then 6826 as next targets.

Alternative scenario: below 6611 expect a drop to 6566 and 6501

T4x Substitute Outlook: Price is below 55-day moving average suggests that the index still has potential to fall.

 T4x opinion : Consolidation with the potential to rise as it move out side the Poseidon trend line 


GOLD Daily 
Looking for a rally to sell 


GOLD 4HRS
T4x Outlook: SHORT positions below 1255 with 1226 & 1209 in sight.

T4x Substitute Outlook: The upside penetration of 1258 will call for a rebound towards 1279 & 1286.

 T4x opinion :as long as 1258 is resistance, look for choppy price action with a bearish bias.

Trend: ST Bearish; MT Ltd downside







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