Daily Market Review - 09/19/2014

U.S. Stock Market

s&p

U.S. indices traded in the green yesterday. The Dow Jones rose by 0.64%, the S&P 500 by 0.49%, and the NASDAQ added 0.68% to its value. Technically, according to the 4-hour chart, as long as the S&P 500 is holding below the resistance of $2,009, it is expected to fall to $2000, while breaching this may take the index up to $2,015.

Gold

Gold

Gold rose by 0.48%, closing at $1,225 an ounce. Technically, according to the weekly chart, gold is holding above the support of $1,200. This may lead the precious metal to around $1,300, while crossing below may take it towards $1,150.

Crude Oil

Oil

Crude Oil fell by 0.90%, closing at $93.08 a barrel. Technically, according to the weekly chart, oil is trading in a symmetrical triangle. Breaking the lower side of the triangle may take oil towards $90, while failing to do so may start a retracement to around $100.

Euro (EUR)

EURUSD

The euro rose versus the U.S Dollar after reaching its lowest level on Wednesday. Technically, according to the 8-hour chart, the pair is trading above the support line of 1.2855 in a negative momentum. Maintaining this level may lead the pair towards 1.3000. Breaking below the line may cause the EUR/USD to test the next support at 1.2800. today, the German PPI is expected unchanged at -0.1%

Pound (GBP)

GBPUSD

The Pound strengthened versus the U.S. Dollar as traders bet that Scotland will vote No to independence. Technically, according to the 1-hour chart, the pair is struggling to breach the resistance of 1.6500 with the RSI indicator above 50. If it is successful, this could take the pair to 1.6600, while holding below 1.6500 may see a return to the bearish trend.

Japanese Yen (JBP)

usdjpy

The Yen fell to a 6-year low against the dollar. Technically, the USD/JPY is in a strongly bullish trend supported by the MACD indicator. As long as the pair is trading above the 10 Moving Average indicator it is expected to remain bullish. Breaking below the indicator could take the pair back to 105.00.

The post Daily Market Review – 9/19/2014 appeared first on Citrades.

DISCLOSURE: Information on IntelliTraders should not be seen as a recommendation to trade binary options or forex. IntelliTraders is not licensed nor authorized to provide advice on investing and related matters. Information on the website is not, nor should it be seen as investment advice. Clients without sufficient knowledge should seek individual advice from an authorized source. Binary options and forex trading entails significant risks and there is a chance that clients lose all of their invested money. Past performance is not a guarantee of future returns.

This website is independent of binary brokers featured on it. Before trading with any of the brokers, clients should make sure they understand the risks and check if the broker is licensed and regulated. We recommend choosing a regulated broker. In accordance with FTC guidelines, IntelliTraders has financial relationships with some of the products and services mention on this website, and IntelliTraders may be compensated if consumers choose to click these links in our content and ultimately sign up for them.

IntelliTraders does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. The IntelliTraders Network is educational material and not trading advice. Trade at your own risk.

© 2019 IntelliTraders, inc. All rights reserved. Privacy Policy Terms & Conditions