Daily Market Update 16th September 2016
Dollar Drops as Traders Trim Rate Bets After Retail Sales Fall
insights
Technical analysis of Sep’16 EURO STOXX trade: Lucas
Steve Lucas from 3CAnalysis.com is looking to sell Sep’16 EURO STOXX. He explains why in a technical analysis.
Lucas believes that there is a head and shoulders pattern developing and is looking to sell at 3,055 with a stop at 3,113. The targets are 2,957 and 2,888.
Why I'm long USDCAD: Coleman
There has been a selloff in USDCAD from January to April. However a bullish channel formation has formed since April.
Now a bullish reversed head and should formation is forming, but according to Ian Coleman of First4Trading.net there is a scope for a corrective move to the downside.
Coleman is looking to go long USDCAD with a stop at 1.29. His targets are 1.33 and 1.3480.
Daily Market Update 14th September 2016
Traders Bemoaning Lack of Shock, Awe in Markets Finally Get Some
Why I’m trading AUDJPY
Steve O’Hare, of First4Trading.com discusses in a technical chart analysis why he is shorting AUDJPY.
He plans to set shorts in front of bespoke resistance and Ichimoku Cloud resistance at 78.23-25. His stop is a break above 79.15 and the targets are toward 76.15 and 75.00.
