SILVER TECHS: Pierces Support At The 20-Day EMA
Oct-22 07:15
* RES 4: $56.153 2.500 proj of the Aug 20 - Sep 16 - 17 price swing * RES 3: $55.444 2.382 proj of t...
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USDCAD TECHS: Remains Above Support For Now
Sep-22 07:07
- RES 4: 1.4019 38.2% retracement of the Feb 3 - Jun 16 bear leg
- RES 3: 1.3925 High Aug 22 and the bull trigger
- RES 2: 1.3890 High Sep 11
- RES 1: 1.3848 High Sep 15
- PRICE: 1.3800 @ 08:07 BST Sep 22
- SUP 1: 1.3727 Low Aug 29 and a bear trigger
- SUP 2: 1.3709 61.8% retracement of the Jul 23 - Aug 22 bull cycle
- SUP 3: 1.3658 76.4% retracement of the Jul 23 - Aug 22 bull cycle
- SUP 4: 1.3637 Low Jul 25
A sharp sell-off in USDCAD early last week resulted in a break of the 20-and-50-day EMAs. This undermines a recent bullish theme and exposes key short-term support at 1.3727, the Aug 27 low. A clear break of this level would strengthen a bearish threat and signal scope for a deeper retracement. For bulls, resistance levels to watch are; 1.3890, the Sep 11 high, and 1.3925, the Aug 22 high and bull trigger.
GILTS: Opening Calls
Sep-22 06:56
Gilt Calls, 90.61/90.72.
EQUITIES: Cash Opening Calls
Sep-22 06:56
EU Cash Opening calls: Estox 50: +0.08%, Dax: -0.20%, CAC: +0.07%, FTSE +0.11%, SMI +0.09%.
