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Daily Technical Analysis from ACFX

A

acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 06.05.2015







EURUSD

06052015EURUSDH1.png



The intraday technical outlook

Tuesday EURUSD bounce higher off its channel bottom.

This morning I am monitoring the price action for a test of the 1.1285 /1.1300 resistance area.

Alternatively a failure to sustain a move higher prices could see EURUSD retest the 1.1200 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.


GBPUSD

06052015GBPUSDH1.png


The intraday technical outlook

Tuesday GBPUSD bounced higher off its 1.5100 support level.

This morning I am monitoring the price action for a re-test of the 1.5250 level.

Alternatively a failure to trade higher could see GBPUSD test the 1.5150 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5100 level.


USDJPY

06052015USDJPYH1.png



The intraday technical outlook

Tuesday USDJPY tested, bounced off the 119.75 level.

This morning I am monitoring the price action for a test of the 119.40 level.

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 support level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.



USDCHF

06052015USDCHFH1.png


The intraday technical outlook

Tuesday USDCHF continued to trade lower.

This morning I am monitoring the price action for a test of the 0.9200 level.

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9270 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.


AUDUSD

06052015AUDUSDH1.png


The intraday technical outlook

Tuesday AUDUSD continued to trade higher.

This morning I am monitoring the price action for a re-test of the broken up channel.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7785 level.


GOLD

06052015GOLDH1.png


The intraday technical outlook

Tuesday continued to trade higher but eventually found strong resistance at the 1198.05 level.

This morning I am monitoring the price action for a re-test of the 1198.05 level.

Alternatively a failure to trade higher could see Gold re-test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level.


OIL


06052015CLM5H1.png


The intraday technical outlook

Tuesday Oil broke above its recent range as it put in a very strong rally.

I am this morning monitoring the price action to consolidate or correction off the overnight highs.

Alternatively a failure to trade lower could see Oil test the 60.00 support level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.





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MARKET BRIEFING – LONDON OPEN 07.05.2015




EURUSD

07052015EURUSDH1.png


The intraday technical outlook

Wednesday EURUSD closed at its highs and this positive momentum has continued into the mornings trading.

This morning I am monitoring the price action for a test of the 1.1350 resistance area.

Alternatively a failure to sustain a move higher prices could see EURUSD retest the 1.1285 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.


GBPUSD

07052015GBPUSDH1.png


The intraday technical outlook

Wednesday GBPUSD traded higher however this morning has opened some what negatively.

This morning I am monitoring the price action for a test of the 1.5150 level.

Alternatively a failure to trade lower could see GBPUSD re-test the 1.5250 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level.


USDJPY

07052015USDJPYH1.png



The intraday technical outlook

Wednesday USDJPY traded lower but has found support at the 119.40 level.

This morning I am monitoring the price action for a test of the 119.40 level.

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 support level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.


USDCHF

07052015USDCHFH1.png


The intraday technical outlook

Wednesday USDCHF traded lower but eventually found support above the 0.9100 area.

This morning I am monitoring the price action for a test of the 0.9100 level.

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9270 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.



AUDUSD

07052015AUDUSDH1.png


The intraday technical outlook

Wednesday AUDUSD closed higher on the day but was however unable to hold onto most of its gains.

This morning I am monitoring the price action for a re-test of the broken up channel.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7925 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7925 level.


GOLD

07052015GOLDH1.png


The intraday technical outlook

Wednesday Gold experienced a indifferent days trading however this morning a negative bias has entered the market.

This morning I am monitoring the price action for a test of the 1182.00 level.

Alternatively a failure to trade lower could see Gold re-test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1198.05 level.


OIL

07052015CLM5H1.png


The intraday technical outlook

Wednesday Oil initially spiked higher but found resistance at the 62.50 level and gave up all its gains.

This morning monitoring the price action for a test of the 60.00 level.

Alternatively a failure to trade lower could see Oil re-test yesterdays highs.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 58.50 level.



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acfx

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MARKET BRIEFING – LONDON OPEN 08.05.2015




EURUSD

08052015EURUSDH1.png



The intraday technical outlook

Thursday EURUSD corrected for the entire day.

This negative bias has continued into this morning.

However the price action has now traded back to strong support in the form of the 1.1200 level and channel bottom.

This morning I am monitoring the price action for a bounce off the channel bottom.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1200 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.


GBPUSD

08052015GBPUSDH1.png



The intraday technical outlook

Thursday GBPUSD traded in a fairly tight range.

However last nights news of a shock exit poll result sent GBPUSD higher.

This morning I am monitoring the price action for a re-test of the 1.5495 / 1.5500 level.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5150 level.


USDJPY

08052015USDJPYH1.png



The intraday technical outlook

Thursday USDJPY spiked higher off the 119.00 support area.

This morning I am monitoring the price action for a test of the 120.00 level.

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 support level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.50 level.


USDCHF


08052015USDCHFH1.png


The intraday technical outlook

Thursday USDCHF spiked higher off the 0.9070 area.

This morning I am monitoring the price action for a test of the 0.9270 level.

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9070 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9385 level.


AUDUSD

08052015AUDUSDH1.png



The intraday technical outlook

Thursday AUDUSD failed in its attempt to sustain a move back into its up channel.

This led to a a strong downside correction which has continued into the morning trading.

This morning I am monitoring the price action for a test of the 0.7925 level.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8025 level.


GOLD

08052015GOLDH1.png



The intraday technical outlook

Thursday Gold traded lower.

However support was found at the 1182.00 area and this has led to a move higher during Friday morning.

This morning I am monitoring the price action for a test of the 1192.00 level.

Alternatively a failure to trade higher could see Gold re-test the 1182.00 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1198.05 level.


OIL

08052015CLM5H1.png



The intraday technical outlook

Thursday Oil slammed lower.

Is this a case of all good things end? With support being held at the 58.50 level we really need to see a push higher.

Otherwise the bulls who bought Oil during this up move will once again run for cover.

This morning monitoring the price action for a bounce off the 58.50 level

Alternatively a failure to trade higher could see Oil re-test yesterdays lows.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.30 level.





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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 11.05.2015





EURUSD

11052015EURUSDH1.png


The intraday technical outlook

Friday EURUSD continued to correct lower.

This morning I am monitoring the price action for a bounce off the mornings lows.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level


GBPUSD

11052015GBPUSDH1.png



The intraday technical outlook

Friday GBPUSD traded in erratic fashion for most of the day.

This morning I am monitoring the price action for a re-test of the 1.5495 / 1.5500 level.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5350 level.


USDJPY

11052015USDJPYH1.png



The intraday technical outlook

Friday USDJPY experienced a volatile trading session.

Initially USDJPY spiked higher but was unable to make much headway above the 120.00 level.

What followed was a nasty collapse that was halted around the 119.75 level.

This morning I am monitoring the price action for a test of the 120.00 level.

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 support level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.25 level.



USDCHF

11052015USDCHFH1.png



The intraday technical outlook

Friday USDCHF continued to rally as the price action traded up to its channel top.

This morning I am monitoring the price action for a test of the 0.9385 level.

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9270 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9180 level


AUDUSD

1105215AUDUSDH1.png


The intraday technical outlook

Friday AUDUSD traded in volatile fashion as the price action stayed within a tight range.

This morning I am monitoring the price action for a test of the 0.7925 level.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7975 level.


GOLD

11052015GOLDH1.png



The intraday technical outlook

Friday Gold traded higher but found resistance at its channel top.

This morning I am monitoring the price action for a test of the 1182.00 level.

Alternatively a failure to trade lower could see Gold re-test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1198.05 level.


OIL

11052015CLM5H1.png



The intraday technical outlook

Friday Oil continued to trade under its channel bottom in what was volatile trading.

This morning monitoring the price action for a breach of the 60.00 level

Alternatively a failure to trade higher could see Oil re-test the 58.50 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.30 level




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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 12.05.2015





EURUSD

12052015EURUSDH1.png



The intraday technical outlook

Monday EURUSD experienced a somewhat choppy day.

This morning I am monitoring the price action for a test of the 1.1200 level.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level.



GBPUSD

1205215GBPUSDH1.png


The intraday technical outlook

Monday GBPUSD continued to trade higher.

This morning I am monitoring the price action for a test of the 1.5600 level.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5350 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5350 level.



USDJPY

1205215USDJPYH1.png


The intraday technical outlook

Monday USDJPY rallied for the entire day.

This morning I am monitoring the price action for a test of the 120.25 level.

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.75 support level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.25 level.



USDCHF

1205215USDCHFH1.png



The intraday technical outlook

Monday USDCHF USDCHF continued to rally as the price action traded up to its channel top.

This morning I am monitoring the price action for a test of the 0.9385 level.

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9270 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9295 level.


AUDUSD


12052015AUDUSDH1.png



The intraday technical outlook

Monday AUDUSD continues to trade in a tight range.

This morning I am monitoring the price action for a test of the 0.7975 level.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7975 level.




GOLD

12052015GOLDH1.png



The intraday technical outlook

Monday Gold tested but could not sustain a move above its down channel top.

This morning I am monitoring the price action for a test of the 1182.00 level.

Alternatively a failure to trade lower could see Gold re-test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1192.00 level.



OIL

12052015CLM5H1.png



The intraday technical outlook

Monday Oil happy a choppy days trading.

This morning monitoring the price action for a breach of the 60.00 level

Alternatively a failure to trade higher could see Oil re-test the 58.50 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.00 level.




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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 13.05.2015





EURUSD

13052015EURUSDH11.png


The intraday technical outlook

Tuesday EURUSD rallied off the 1.1250 support level.

This morning I am monitoring the price action for a test of the 1.1285 level.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1125 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1125 level.


GBPUSD

13052015GBPUSDH1.png


The intraday technical outlook

Tuesday GBPUSD spiked higher following a bounce off the 1.5550 support level.

This morning I am monitoring the price action for a test of the 1.5700 level.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5550 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.


USDJPY

13052015USDJPYH1.png


The intraday technical outlook

Tuesday USDJPY failed to sustain a move above the 120.25 level and the proceeded to experience a strong correction.

This morning I am monitoring the price action for a test of the 119.75 level.

Alternatively a failure to trade lower could see USDJPY trade back up to the 120.00 level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.25 level.


USDCHF

13052015USDCHFH1.png


The intraday technical outlook

Tuesday USDCHF broke lower off its channel top.

This morning I am monitoring the price action for a test of the 0.9180 level.

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9340 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9340 level.

AUDUSD

13052015AUDUSDH1.png


The intraday technical outlook

Tuesday AUDUSD traded higher but found resistance at the 0.8000 level.

This morning I am monitoring the price action for a re-test of the 0.8000 level.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.7925 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7875 level.


GOLD

13052015GOLDH1.png


The intraday technical outlook

Tuesday Gold broke above its down channel.

This morning I am monitoring the price action for a test of the 1198.00 level.

Alternatively a failure to trade higher could see Gold re-test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.00 level.


OIL

13052015CLM5H1.png


The intraday technical outlook

Tuesday Oil traded higher in an orderly staircase fashion.

This morning monitoring the price action for a breach of the 61.30 level

Alternatively a failure to trade higher could see Oil re-test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.00 level.





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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 14.05.2015




EURUSD

14052015EURUSDH1.png


The intraday technical outlook

Wednesday EURUSD continued to trade higher.

This morning I am monitoring the price action for a test of the 1.1450 level.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1285 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1200 level


GBPUSD

14052015GBPUSDH1.png


The intraday technical outlook

Wednesday GBPUSD continues to trade higher.

This morning I am monitoring the price action for a test of the 1.5800 level which coincides with a prior area of strong resistance.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5650 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.


USDJPY

14052015USDJPYH1.png


The intraday technical outlook

Wednesday USDJPY continued to trade lower as the price action slash through multiple support levels.

This morning I am monitoring the price action for a test of the 118.80

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.40 level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.30 level.


USDCHF

14052015USDCHFH1.png


The intraday technical outlook

Wednesday USDCHF traded lower following its failure to test its channel top.

This morning I am monitoring the price action for a test of the 0.9110 level.

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9180 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9295 level.


AUDUSD

14052015AUDUSDH1.png


The intraday technical outlook

Wednesday AUDUSD traded higher for most of the day.

This morning I am monitoring the price action for a re-test of this mornings highs.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.8050 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level



GOLD

14052015GOLDH1.png


The intraday technical outlook

Wednesday Gold broke higher from the previous days tight range.

This morning I am monitoring the price action for a test of the 1222.00 level.

Alternatively a failure to trade higher could see Gold re-test the 1209.00 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1182.00 level.


OIL

14052015CLM5H1.png


The intraday technical outlook

Wednesday Oil traded higher but failed to penetrate back into its up channel. This led to a strong downward correction.

This morning monitoring the price action for a bounce off the 60.00 area.

Alternatively a failure to trade higher could see Oil re-test the 59.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.00 level.






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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 15.05.2015




EURUSD

15052015EURUSDH1.png



The intraday technical outlook

Thursday EURUSD traded within a tight range.

This morning I am monitoring the price action for a test of the 1.1450 level.

Alternatively a failure to sustain a move higher prices could see EURUSD re-test the 1.1340 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1340 level.


GBPUSD

1505215GBPUSDH1.png



The intraday technical outlook

Thursday GBPUSD continues to trade higher.

This morning I am monitoring the price action for a test of the 1.5800 level which coincides with a prior area of strong resistance.

Alternatively a failure to trade higher could see GBPUSD re-test the 1.5650 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5650 level.


USDJPY

15052015USDJPYH1.png



The intraday technical outlook

Thursday USDJPY spiked higher and is now testing the upper limit of its down channel.

This morning I am monitoring the price action for a bounce lower off the 119.40 level and the channel top.

Alternatively a failure to trade lower could see USDJPY trade back up to the 119.75 level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 120.30 level.



USDCHF

15052015USDCHFH1.png



The intraday technical outlook

Thursday USDCHF traded lower following its failure to test its channel top.

This morning I am monitoring the price action for a test of the 0.9110 level.

Alternatively a failure to trade lower could see USDCHF trade back up to the 0.9180 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9295 level.


AUDUSD

15052015AUDUSDH1.png



The intraday technical outlook

Thursday AUDUSD corrected lower.

This morning I am monitoring the price action for a test of the 0.8075 level.

Alternatively a failure to trade higher could see AUDUSD could trade back down into the direction of the 0.8000 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level


GOLD

15052015GOLDH1.png



The intraday technical outlook

Thursday Gold closed marginally up on the day.

This morning I am monitoring the price action for a test of the 1222.00 level.

Alternatively a failure to trade higher could see Gold re-test the 1212.40 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level.


OIL

15052015CLM5H1.png



The intraday technical outlook

Thursday Oil closed slightly lower on the day.

This morning monitoring the price action for a test off the 59.00 area.

Alternatively a failure to trade lower could see Oil re-test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.




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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 19.05.2015






EURUSD

19052015EURUSDH1.png



The intraday technical outlook

Monday EURUSD tested the channel bottom and has subsequently broken it during early morning trading.

This morning I am monitoring the price action for a test of the 1.1200 level.

Alternatively a failure to sustain a move lower prices could see EURUSD re-test the 1.1285 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1465 level.



GBPUSD

19052015GBPUSDH1.png


The intraday technical outlook

Monday GBPUSD tested the 1.5650 support level.

This morning I am monitoring the price action for a re- test of the 1.5650 level.

Alternatively a failure to trade lower could see GBPUSD test last weeks highs.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5650 level



USDJPY

19052015USDJPYH1.png



The intraday technical outlook

Monday USDJPY continued to trade above its down channel and painted a bullish higher low higher high formation.

This morning I am monitoring the price action for a test of the 120.30 level

Alternatively a failure to trade higher could see USDJPY trade back down to the 119.40 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.20 level.



USDCHF

19022015USDCHFH1.png


The intraday technical outlook

Monday USDCHF tested and close above its down channel.

This morning I am monitoring the price action for a test of the 0.9295 level.

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9250 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9130 level.



AUDUSD

19022015AUDUSDH1.png


The intraday technical outlook

Monday AUDUSD traded down and closed under its up channel.

This morning I am monitoring the price action for a test of the 0.7950 level.

Alternatively a failure to trade lower could see AUDUSD test the 0.8025 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7950 level.



GOLD

19022015GOLDH1.png



The intraday technical outlook

Monday Gold has corrected off its highs.

This morning I am monitoring the price action for a re-test of this weeks highs.

Alternatively a failure to trade higher could see Gold re-test the 1212.00 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level



OIL


19022015CLM5H1.png



The intraday technical outlook

Monday Oil has continued to trade lower.

This morning monitoring the price action for a test off the 59.00 area.

Alternatively a failure to trade lower could see Oil re-test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.






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acfx

Broker Representative
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MARKET BRIEFING – LONDON OPEN 20.05.2015






EURUSD

20052015EURUSDH1.png





The intraday technical outlook

Tuesday EURUSD lost further ground as it broke down through multiple support levels.

This morning I am monitoring the price action for a test of the 1.1050 level.

Alternatively a failure to sustain a move lower prices could see EURUSD re-test the 1.1200 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1465 level


GBPUSD

20052015GBPUSDH1.png



The intraday technical outlook

Tuesday GBPUSD tested and broke through its channel bottom.

This morning I am monitoring the price action for a test of the 1.5450 level.

Alternatively a failure to trade lower could see GBPUSD re-test the 1.5550 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5800 level.


USDJPY

20052015USDJPYH11.png



The intraday technical outlook

Tuesday USDJPY traded higher following its break out from its down channel.

This morning I am monitoring the price action for a test of the 121.00 level.

Alternatively a failure to trade higher could see USDJPY trade back down to the 120.50 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 119.90 level.


USDCHF

20052015USDCHFH1.png



The intraday technical outlook

Tuesday USDCHF traded higher following its break out from its down channel.

This morning I am monitoring the price action for a test of the 0.9385 level.

Alternatively a failure to trade higher could see USDCHF trade back down to the 0.9340 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9250 level.

AUDUSD


20052015AUDUSDH1.png


The intraday technical outlook

Tuesday AUDUSD continued to trade lower following its break down from its channel bottom.

This morning I am monitoring the price action for a test 0.7875 level.

Alternatively a failure to trade lower could see AUDUSD test the 0.7950 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.8000 level.






GOLD



20052015GOLDH11.png


The intraday technical outlook

Tuesday Gold broke through its down channel.

This morning I am monitoring the price action for a test of the 1204.70.

Alternatively a failure to trade lower could see Gold re-test the 1212.40 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1232.20 level





OIL

20052015CLN5H1.png


The intraday technical outlook

Tuesday Oil continued to trade lower.

This morning monitoring the price action for a test off the 57.85 area.

Alternatively a failure to trade lower could see Oil re-test the 59.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 61.65 level.



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MARKET BRIEFING – LONDON OPEN 22.05.2015



EURUSD

22052015EURUSDH1.png




The intraday technical outlook

Thursday EURUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.1180 level.

Alternatively a failure to sustain a move higher could see EURUSD test the 1.1125 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.







GBPUSD

22052015GBPUSDH1.png


The intraday technical outlook

Thursday GBPUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.5700 level.

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5650 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5550 level.




USDJPY


22052015USDJPYH1.png


The intraday technical outlook

Thursday USDJPY closed the day lower.

This morning I am monitoring the price action for a test of the 120.75 level.

Alternatively a failure to sustain a move lower could see USDJPY test the 121.25 level.

From a technical perspective USDJPY is trading in an intraday 1 hour down trend with the line of control at the 121.25 level.





USDCHF

22052015USDCHFH1.png




The intraday technical outlook

Thursday USDCHF closed the day unchanged.

This morning I am monitoring the price action for a test of the 0.9340 level.

Alternatively a failure to sustain a move lower could see USDCHF test the 0.9385 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9250 level.





AUDUSD


22052015AUDUSDH1.png


The intraday technical outlook

Thursday AUDUSD closed the day higher.

This morning I am monitoring the price action for a test of the 0.7925 level.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7875 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7925 level.




GOLD


22052015GOLDH1.png


The intraday technical outlook

Thursday Gold tested the day lower.

This morning I am monitoring the price action for a test of the 1212.40 level.

Alternatively a failure to sustain a move higher could see XAUUSD test the 1204.70 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1212.40 level.



OIL


22052015CLN5H1.png



The intraday technical outlook

Thursday Oil closed the day higher.

This morning I am monitoring the price action for a test of the 60.80 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.




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Broker Representative
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MARKET BRIEFING – LONDON OPEN 25.05.2015



EURUSD


25052015EURUSDH1.png





The intraday technical outlook

Friday EURUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.0900 level.

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.





GBPUSD

25052015GBPUSDH1.png



The intraday technical outlook

Friday GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5550 level.

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5450 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.





USDJPY

25052015USDJPYH1.png


The intraday technical outlook

Friday USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 122.00 level.

Alternatively a failure to sustain a move higher prices could see USDJPY test the 121.25 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 120.75 level.




USDCHF

25052015USDCHFH11.png



The intraday technical outlook

Friday USDCHF closed the day higher.

This morning I am monitoring the price action for a test of the 0.9445 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9385 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9295 level





AUDUSD

25052015AUDUSDH1.png



The intraday technical outlook

Friday AUDUSD closed the day lower.

This morning I am monitoring the price action for a test of the 0.7785 level.

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7925 level.





GOLD

25052015GOLDH1.png


The intraday technical outlook

Friday Gold closed the day unchanged.

This morning I am monitoring the price action for a test of the 1198.05 level.

Alternatively a failure to sustain a move lower could see XAUUSD test the 1212.40 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1212.40 level.




OIL

2505215CLN5H1.png


The intraday technical outlook

Friday Oil closed the day higher.

This morning I am monitoring the price action for a test of the 60.00 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 59.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level


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MARKET BRIEFING – LONDON OPEN 26.05.2015



EURUSD

26062015EURUSDH1.png



The intraday technical outlook

Monday EURUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.0900 level.

Alternatively a failure to sustain a move lower could see EURUSD test the 1.050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.




GBPUSD

26052015GBPUSDH1.png



The intraday technical outlook

Monday GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5350 level.

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5450 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.



USDJPY

26052015USDJPYH11.png


The intraday technical outlook

Monday USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 123.00 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 122.00 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 121.50 level




USDCHF

26052015USDCHFH1.png


The intraday technical outlook

Monday USDCHF closed the day higher.

This morning I am monitoring the price action for a test of the 0.9490 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.



AUDUSD

26052015AUDUSDH1.png



The intraday technical outlook

Monday AUDUSD closed the day higher.

This morning I am monitoring the price action for a test of the 0.7785 level.

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7840 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7840 level



GOLD

26052015GOLDH1.png



The intraday technical outlook

Monday Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1198.05 level.

Alternatively a failure to sustain a move lower could see XAUUSD test the 1204.70 level.

From a technical perspective Gold is trading in an intraday 1 down up trend with the line of control at the 1212.40 level.




OIL

26052015CLN5H1.png



The intraday technical outlook

Monday Oil closed the day lower.

This morning I am monitoring the price action for a test of the 59.00 level.

Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.




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Broker Representative
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MARKET BRIEFING – LONDON OPEN 27.05.2015



EURUSD

2705EURUSDH1.png



The intraday technical outlook

EURUSD has slightly revived this morning, after a slide it experienced since last Friday.

The price action has not managed to breach 1.0850 support, retracing higher and likely to retest the 1.1050 resistance, coinciding with the upper border of the downward trend channel.

Alternatively a failure to sustain a move higher, we could see EURUSD to move towards 1.8000 support.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level




GBPUSD


2705GBPUSDH1.png


The intraday technical outlook

GBPUSD has also retraced this morning.

Today we are monitoring the price action for a test of the 1.5450 level.

Alternatively a failure to sustain a higher prices could see GBPUSD to retest the 1.5350 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5700 level.




USDJPY

2705USDJPYH1.png



The intraday technical outlook

USDJPY has returned to reconfirm the breach of the channel.

Today we are monitoring the price action to retest the return to the channel, alternatively the move higher towards 124.000 level could be seen.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 121.50 level.





USDCHF

2705USDCHFH1.png



The intraday technical outlook

USDCHF has retraced from the yesterday’s highs this morning, breaching 0.9490 support.

Today we are monitoring the price action to test 0.9410 support, which also coincides with the lower border of the uptrend channel.

Alternatively a failure to sustain lower prices could see USDCHF to retest the previous high of 0.9535.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.




AUDUSD


2705AUDUSDH1.png


The intraday technical outlook

AUDUSD has stabilized today, after a sharp move lower during the previous week.

This morning we are monitoring the price action to test the upper border of the downward trend channel.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7720 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7840 level.



GOLD


2705GOLDH1.png


The intraday technical outlook

Gold has yesterday reached a two week low, declining to 1185.00 level.

Today we are monitoring the price action to test the upward side of the channel. Alternatively, the failure to sustain the higher prices could see the precious metal to slide to 1184.00

From a technical perspective Gold is trading in an intraday 1 down up trend with the line of control at the 1212.40 level.



OIL


2705CLN5H1.png



The intraday technical outlook

Today Oil has retraced from this month lows as it reached 57.70 level yesterday.

Currently we are monitoring the price action to test 59.10 resistance level.

Alternatively a failure to sustain a move higher could see the commodity to slide lower towards 56.50 support.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 60.80 level.



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Broker Representative
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MARKET BRIEFING – LONDON OPEN 28.05.2015




EURUSD

28052015EURUSDH1.png



The intraday technical outlook

EURUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.0900 level.

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour down trend with the line of control at the 1.1180 level.




GBPUSD

28052015GBPUSDH1.png



The intraday technical outlook

GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5350 level.

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5400 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5450 level.




USDJPY

28052015USDJPYH1.png



The intraday technical outlook

USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 124.00 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 122.75 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 122.75 level




USDCHF

28052015USDCHFH1.png



The intraday technical outlook

USDCHF closed the day lower.

This morning I am monitoring the price action for a test of the 0.9490 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour up trend with the line of control at the 0.9400 level.




AUDUSD

2805215AUDUSDH1.png



The intraday technical outlook

AUDUSD closed the day lower.

This morning I am monitoring the price action for a test of the 0.7650 level.

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7750 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7750 level




GOLD

28052015GOLDH1.png



The intraday technical outlook

Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1182.00 level.

Alternatively a failure to sustain a move lower could see XAUUSD test the 1192.00 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1212.40 level






OIL

2805215CLN5H1.png


The intraday technical outlook

Oil closed the day lower.

This morning I am monitoring the price action for a test of the 56.65 level.

Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 58.15 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 58.15 level.



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Broker Representative
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MARKET BRIEFING – LONDON OPEN 29.05.2015



EURUSD

29052015EURUSDH1.png



The intraday technical outlook

EURUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.1050 level.

Alternatively a failure to sustain a move higher could see EURUSD test the 1.0900 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level.





GBPUSD

29052015GBPUSDH1.png



The intraday technical outlook

GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5250 level.

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5350 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5400 level




USDJPY

29052015USDJPYH1.png



The intraday technical outlook

USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 124.00 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 122.75 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 122.75 level





USDCHF

29052015USDCHFH1.png


The intraday technical outlook

USDCHF closed the day lower.

This morning I am monitoring the price action for a test of the 0.9500 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9500 level.




AUDUSD

29052015AUDUSDH1.png




The intraday technical outlook

AUDUSD closed the day lower.

This morning I am monitoring the price action for a test of the 0.7700 level.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7550 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7750 level.





GOLD

29052015GOLDH1.png



The intraday technical outlook

Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1192.00 level.

Alternatively a failure to sustain a move higher could see XAUUSD test the 1182.00 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1192.00 level.




OIL

29052015CLN5H1.png



The intraday technical outlook

Oil closed the day higher.

This morning I am monitoring the price action for a test of the 59.00 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 57.85 level.

From a technical perspective Oil is trading in an intraday 1 hour down trend with the line of control at the 59.00 level.



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Broker Representative
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MARKET BRIEFING – LONDON OPEN 01.06.2015




EURUSD

06012015EURUSDH1.png



The intraday technical outlook

EURUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.0900 level.

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1050 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level.





GBPUSD

01062015GBPUSDH1.png



The intraday technical outlook

GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5250 level.

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5290 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5350 level





USDJPY


01062015USDJPYH1.png


The intraday technical outlook

USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 124.50 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 124.00 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level





USDCHF


01062015USDCHFH1.png


The intraday technical outlook

USDCHF closed the day lower.

This morning I am monitoring the price action for a test of the 0.9500 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9500 level





AUDUSD


01062015AUDUSDH1.png


The intraday technical outlook

AUDUSD closed the day unchanged.

This morning I am monitoring the price action for a test of the 0.7700 level.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7620 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7750 level.



GOLD


01062015GOLDH1.png


The intraday technical outlook

Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1198.05 level.

Alternatively a failure to sustain a move higher could see XAUUSD test the 1185.50 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level






OIL


01062015CLN5H1.png


The intraday technical outlook

Oil closed the day higher.

This morning I am monitoring the price action for a test of the 60.00 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 59.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 57.80 level




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Broker Representative
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MARKET BRIEFING – LONDON OPEN 02.06.2015





EURUSD

02062015EURUSDH1.png




The intraday technical outlook

EURUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.1050 level.

Alternatively a failure to sustain a move higher could see EURUSD test the 1.0900 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level.







GBPUSD

02062015GBPUSDH1.png



The intraday technical outlook

GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5150 level.

Alternatively a failure to sustain a move lower could see GBPUSD test the 1.5290 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour down trend with the line of control at the 1.5290 level




USDJPY


02062015USDJPYH1.png



The intraday technical outlook

USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 125.50 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 124.00 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level



USDCHF

02062015USDCHFH1.png



The intraday technical outlook

USDCHF closed the day higher.

This morning I am monitoring the price action for a test of the 0.9500 level.

Alternatively a failure to sustain a move higher could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9500 level.






AUDUSD

02062015AUDUSDH1.png




The intraday technical outlook

AUDUSD closed the day lower.

This morning I am monitoring the price action for a test of the 0.7700 level.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7600 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7600 level





GOLD

02062015GOLDH1.png



The intraday technical outlook

Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1198.05 level.

Alternatively a failure to sustain a move higher could see XAUUSD test the 1185.50 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.50 level.




OIL


02062015CLN5H1.png


The intraday technical outlook

Oil closed the day lower.

This morning I am monitoring the price action for a test of the 60.80 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.30 level



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Broker Representative
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MARKET BRIEFING – LONDON OPEN 03.06.2015



EURUSD

03062015EURUSDH1.png



The intraday technical outlook

EURUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.1050 level.

Alternatively a failure to sustain a move lower could see EURUSD test the 1.1200 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.0865 level





GBPUSD


03062015GBPUSDH1.png


The intraday technical outlook

GBPUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.5350 level.

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5250 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5170 level.





USDJPY


03062015USDJPYH1.png


The intraday technical outlook

USDJPY closed the day lower.

This morning I am monitoring the price action for a test of the 125.00 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 123.60 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level.






USDCHF

03062015USDCHFH1.png


The intraday technical outlook

USDCHF closed the day lower.

This morning I am monitoring the price action for a test of the 0.9295 level.

Alternatively a failure to sustain a move lower could see USDCHF test the 0.9400 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9480 level






AUDUSD


03062015AUDUSDH1.png


The intraday technical outlook

AUDUSD closed the day higher.

This morning I am monitoring the price action for a test of the 0.7800 level.

Alternatively a failure to sustain a move higher could see AUDUSD test the 0.7750 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour up trend with the line of control at the 0.7595 level





GOLD


03062015GOLDH11.png


The intraday technical outlook

Gold closed the day higher.

This morning I am monitoring the price action for a test of the 1198.00 level.

Alternatively a failure to sustain a move higher could see XAUUSD test the 1185.45 level.

From a technical perspective Gold is trading in an intraday 1 hour up trend with the line of control at the 1185.45 level





OIL


03062015CLN5H1.png


The intraday technical outlook

Oil closed the day higher.

This morning I am monitoring the price action for a test of the 60.80 level.

Alternatively a failure to sustain a move higher could see Light Sweet Crude test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.30 level.




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Broker Representative
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MARKET BRIEFING – LONDON OPEN 04.06.2015



EURUSD

04062015EURUSDH1.png



The intraday technical outlook

EURUSD closed the day higher.

This morning I am monitoring the price action for a test of the 1.1340 level.

Alternatively a failure to sustain a move higher could see EURUSD test the 1.1200 level.

From a technical perspective EURUSD is trading in an intraday 1 hour up trend with the line of control at the 1.1050 level



GBPUSD

04062015GBPUSDH1.png


The intraday technical outlook

GBPUSD closed the day lower.

This morning I am monitoring the price action for a test of the 1.5350 level.

Alternatively a failure to sustain a move higher could see GBPUSD test the 1.5250 level.

From a technical perspective GBPUSD is trading in an intraday 1 hour up trend with the line of control at the 1.5170 level





USDJPY


04062015USDJPYH1.png


The intraday technical outlook

USDJPY closed the day higher.

This morning I am monitoring the price action for a test of the 125.00 level.

Alternatively a failure to sustain a move higher could see USDJPY test the 124.00 level.

From a technical perspective USDJPY is trading in an intraday 1 hour up trend with the line of control at the 123.60 level.






USDCHF

04062015USDCHFH1.png



The intraday technical outlook

USDCHF closed the day higher.

This morning I am monitoring the price action for a test of the 0.9295 level.

Alternatively a failure to sustain a move lower could see USDCHF test the 0.9425 level.

From a technical perspective USDCHF is trading in an intraday 1 hour down trend with the line of control at the 0.9425 level.




AUDUSD


04062015AUDUSDH1.png


The intraday technical outlook

AUDUSD closed the day higher.

This morning I am monitoring the price action for a test of the 0.7700 level.

Alternatively a failure to sustain a move lower could see AUDUSD test the 0.7750 level.

From a technical perspective AUDUSD is trading in an intraday 1 hour down trend with the line of control at the 0.7820 level





GOLD

04062015GOLDH1.png


The intraday technical outlook

Gold closed the day lower.

This morning I am monitoring the price action for a test of the 1182.00 level.

Alternatively a failure to sustain a move lower could see XAUUSD test the 1185.50 level.

From a technical perspective Gold is trading in an intraday 1 hour down trend with the line of control at the 1196.25 level





OIL

04062015CLN5H1.png


The intraday technical outlook

Oil closed the day lower.

This morning I am monitoring the price action for a test of the 59.30 level.

Alternatively a failure to sustain a move lower could see Light Sweet Crude test the 60.00 level.

From a technical perspective Oil is trading in an intraday 1 hour up trend with the line of control at the 59.30 level.






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