It is the end of the week. We take a quick look at some of the week charts and see where we stand wrt to next week. Further charts will follow during the weekend. Capital3x trade signals on the automated trade copier has generated +2000 pips in Nov 2013. Since 1st March 2013, the Capital3x trading system has generated over +21000 pips. Each and every pip is duplicated in clients accounts. Both myfxbook and mt4i links are fully updated.
This has been a week where Capital3x noted head and shoulders on AUDUSD at .9550 neared its targets of .9300. NZDUSD hit targets at .8220. EURAUD hit targets at 1.44 while GBPAUD hit targets at 1.7280 for a total of 2079 pips in November. Capital3x trading system continue to outperform.
Performance (pips) exported from myfxbook
Performance since inception
Technical analysis of EURJPY, AUDCAD, GBPJPY follows:
EURJPY is hitting a flat band at 135.2. with high likelihood of a fall to 133.9. This a clean setup.
AUDCAD basing at the lower band of 25 DMA.The setup here is not clearly visible.
GBPJPY ending the week at 161.45 which is the upper band of the 100 DMA. The band is shaping up and hence uptrend is powerful. A reversal back to 161 and more to 158 is coming though you may need to endure some drawdown over 161.5.
This has been a week where Capital3x noted head and shoulders on AUDUSD at .9550 neared its targets of .9300. NZDUSD hit targets at .8220. EURAUD hit targets at 1.44 while GBPAUD hit targets at 1.7280 for a total of 2079 pips in November. Capital3x trading system continue to outperform.
Performance (pips) exported from myfxbook
Performance since inception
Technical analysis of EURJPY, AUDCAD, GBPJPY follows:
EURJPY is hitting a flat band at 135.2. with high likelihood of a fall to 133.9. This a clean setup.
AUDCAD basing at the lower band of 25 DMA.The setup here is not clearly visible.
GBPJPY ending the week at 161.45 which is the upper band of the 100 DMA. The band is shaping up and hence uptrend is powerful. A reversal back to 161 and more to 158 is coming though you may need to endure some drawdown over 161.5.
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EUR/USD retreats to 1.0750, eyes on Fedspeak
EUR/USD stays under modest bearish pressure and trades at around 1.0750 on Wednesday. Hawkish comments from Fed officials help the US Dollar stay resilient and don't allow the pair to stage a rebound.
GBP/USD struggles to hold above 1.2500 ahead of Thursday's BoE event
GBP/USD stays on the back foot and trades in negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The renewed US Dollar strength on hawkish Fed comments weighs on the pair as market focus shifts to the BoE's policy announcements on Thursday.
Gold fluctuates in narrow range above $2,300
Gold struggles to make a decisive move in either direction and moves sideways in a narrow channel above $2,300. The benchmark 10-year US Treasury bond yield clings to modest gains near 4.5% and limits XAU/USD's upside.
SEC vs. Ripple lawsuit sees redacted filing go public, XRP dips to $0.51
Ripple (XRP) dipped to $0.51 low on Wednesday, erasing its gains from earlier this week. The Securities and Exchange Commission (SEC) filing is now public, in its redacted version.
Softer growth, cooler inflation and rate cuts remain on the horizon
Economic growth in the US appears to be in solid shape. Although real GDP growth came in well below consensus expectations, the headline miss was mostly the result of larger-than-anticipated drags from trade and inventories.