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Dear forum members,
Follow forex news and events with our daily analysis. At Sunbird we provide a detailed commentary of what is happening in forex and CFD trading, using technical and fundamental analysis. We give you the daily forex information that matters and keep you informed so that you make better trading decisions.
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SUNBIRD International Ltd
Daily Analysis 2014-05-01
EURUSD-The pair is at a two day high of 1.3870. If it crosses 1.3880, it may go up to 1.3960, the 50% Fibonacci.
If it crosses 1.3850, it may go down to 1.3825, the MA 200 on the 1-hour graph, and then to 1.3785.
GBPUSD- The pound is still looking strong against the dollar. If it crosses 1.6900, it can go up to 1.6990.
If it crosses the support point at 1.6855, it may go down to 1.6830, followed by 1.6800, the MA 200 on the 1-hour graph.
GBPJPY-The resistance point for this pair is at 172.82. If the pair crosses the point, it can go up to 173.60.
The support point is at 172.17, the MA 200 and 100 on the 1 hour graph. If the pair crosses that, it may reach 171.50, the MA 100 on the 4-hour graph.
AUDUSD- The pair is currently above the MA 200 of 0.9293 on the 1 hour graph. It may move up to 0.9330, which is the MA 100 on the 4-hour graph.
The support point is at 0.9271, the MA 100 on the 1-hour graph. If the pair crosses it, the next point is at 0.9245, the MA 200 on the 4-hour graph.
Important data for today:
GBP-11:30- Manufacturing PMI
USD-15:30- Fed Chair Yellen Speaks
17:00- ISM Manufacturing PMI
Daily Analysis 2014-05-07
EURUSD soared to 1.395 yesterday and is now trading at 1.393. The pair may now take a break from its upward movement and seek support at 1.39 or even lower.
NZDUSD slumped during overnight trading to 0.8690. This is likely just a correction after the massive movement we saw last week. The next support for this rally is at 0.8635.
USDJPY is at 101.57. The medium trend for the pair is downward, although it is likely to find support in this area and go back to 102 before dropping down to the 100 level again.
CRUDE OIL still trying to convince investors that its current level is a good point to buy the the commodity, as it opened the day with a gap up. We will likely see it once more drop below 99, only after which it will be ready to reverse and cross the $100 level.
S&P500 seems to be getting higher and higher, and is likely to reach 1850 in the next few days. The trend is still very bullish, and it does not look like the recent increases will be the last ones.
Economic News
15:30 - Building Permits m/m (CAD)
17:00 - Fed Chair Yellen Testifies (USD)
Daily Analysis 2014-05-08
EURUSD- The euro is still looking strong against the dollar. The euro, currently at the moving average 50, is trading at 1.3920. If it crosses this point, it can reach the area of 1.3950 followed by 1.4050. If the euro drops down below 1.3890 on the MA-100, it may fall to 1.3860 followed by 1.3810.
USDCAD- The pair is below all moving averages on 1 and 4 hour graphs. On the daily graph, the pair is trying to reach the MA-200 at 1.0730. It may reach that point if it crosses yesterday's low of 1.0846.
CRUDE OIL- Oil, currently at the MA-200 on the 1 hour graph, is trading at 100.00. If it crosses that point, it may drop down to 99.40. If it remains strong, oil can reach the MA-200 on the 4 hour graph at 100.84.
USDJPY-The pair is near the sport point at 101.72. If it crosses this point, it can go down to 101.07 on the MA-200 daily graph.
Resistance is at 101.94. If the pair crosses this point it can go up to 101.15 on the MA-200 1 hour graph.
Important data for today:
14:00-GBP- Asset Purchase Facility
Official Bank Rate
15:30- EUR- ECB Press Conference
15:30- USD- Unemployment Claims
16:30- USD- Fed Chair Yellen Testifies
Daily Analysis 2014-05-09
EURUSD- Euro falls yesterday's sharp decline of-160 pips. Euro close to the moving average 200 on the 4 hour graph, if it cross it can go down to-1.3780 at first and then to- 1.3740 on the MA-100 daily graph.
AUDUSD- The pair is now on the moving average 50-0.9352 1 hour grapg, when cross it can go down to- 0.9330 at firs and then to-0.9295 on the MA-200 .
USDCHF- The pair got strong ans seems to go up to the MA-200 4 hour graph at-0.8820, then it can go up to- 0.8890 on the MA- 100 daily graph.
GBPUSD- The pair is now on the moving average 100 1 HOUR GRAPH- 1.6930, if it will cross it can go up to- 1.6954 at first and then to-1.6990 month high.
If the pound does not cross the moving average 100 it can go down toward the MA-200 at- 1.6900 at first and then to- 1.6860.
Daily Analysis 2014-05-12
EURUSD may try and find an upward correction following the large drop we saw before the weekend. 1.375 is the near term support, while resistance is at 1.38. There is a chance that this area will be good long term buy opportunity.
GBPUSD stopped on Friday exactly on the fast EMA. This is the pair's support as it continues to reach new highs. 1.69 is the next near term resistance.
USDCAD saw a significant downward move on Friday, following a disappointing Employment Change figure. It looks like the pair may have hit its bottom, which could be a sign of a good BUY opportunity.
GBPNZD is our exotic pair for the week, and it looks like it's heading downward in the short term. 1.955 is a strong resistance, and if it closes above this level in the next few days it may move to 1.94, or even 1.93.
CRUDE OIL is sideways trading between the EMA. Once we see a break out of this range, we will have a better idea of where the commoty is heading.
S&P500 just does not want to go down. Every loss is quickly being supported by investors, and we are likely looking for a new high this week or next.
Economic news -
10:15 - Retail Sales y/y (CHF)
21:00 - Federal Budget Balance (USD)
Daily Analysis 2014-05-13
EURUSD- The euro did not see any major movement yesterday, and is still trading downward. If the euro crosses the 1.3740 support line, it can drop down to 1.3620, the MA-200 on the daily graph. If the euro crosses the 1.3775 resistance line, it can go up to 1.3855, the MA-200 on the 1 hour graph.
USDJPY- This pair is still strong and can go up to 102.40, the MA-200 on the 4 hour graph. If the pair crosses the support level at 102.20, it can go down to 101.96, the MA-200 on the 1 hour graph.
AUDNZD- The pair is currently at 1.0828, the MA-100 on the 1 hour graph. If the pair crosses the point, it may go to 1.0771, the MA-200.
AUDUSD- It seems that the pair is going down toward 0.9322, the MA-200 on the 1 hour graph, after which it can go to 0.9300. However, if the pair crosses the resistance point at 0.9360, it can go up to 0.9378, followed by 0.9412.
GOLD- Gold is trading at the 1290.20 support point. If it crosses the point, it can go down to 1280.60. This point may be a good time to buy, as it could go up to 1300.
Important data for today:
12:00- EUR- German ZEW Economic Sentiment.
15:30- USD- Core Retail Sales m / m.
Retail Sales m / m.
Daily Analysis 2014-05-14
EURUSD is at a very strong support below the fast EMA, and may find its way up to 1.38 in the near term although the momentum is very bearish.
GBPUSD seems to be following the EUR, and if so, we may see it at 1.67 in the next day or so. We will have a better idea once the pair tries to cross yesterday's high which would signal an end to this correction and lead to the pound moving up.
AUDUSD crossed a trend line last night, and it looks like it's on its way to 0.945 or even 0.95.
USDCAD has been moving sideways since major news last Friday. It may take a while before we see any movement in either direction.
CRUDE OIL is at 101.38 and may continue trading higher, as it found support at the round number 100, which is likely to be tested in the next few days.
Economic News:
11:30 - Claimant Count Change (GBP)
Unemployment Rate (GBP)
12:30 - BOE Gov Carney Speaks
BOE Inflation Report
15:30 - PPI m/m (USD)
Daily Analysis 2014-05-15
EURUSD- Over the last two days, the euro did not see any serious movement. Today, that could all change following the publishing of some important market data. If the euro crosses the 1.3740 resistance point it can go up to 1.3818, the MA-200 on the 1 hour graph. If the euro fails to do that, it can go down to 1.3620, the MA-200 on the daily graph, followed by 1.3560.
GBPUSD- The pound is now at 1.6760. Today, it may drop to 1.6720, the MA-50 on the daily graph, after which it may be possible to take a long trade up to 1.6900, the MA-200 on the 1 hour graph.
USDCHF-The pair is currently at 0.8900. If it crosses the MA-50 on the 1 hour graph, (0.8890), it can go down to 0.8820, the MA-200 on the same time graph.
DJ30- The index is currently between the two averages, 100/200 on the 1 hour graph. If it crosses the MA-200, (16568), it can go down to 16450. If it crosses the MA-100, (16640), it can go up to 16720.
Important data for today:
15:30- CAD- Manufacturing Sales m / m
USD- Core CPI m / m
USD- Unemployment Claims
Daily Analysis 2014-05-16
EURUSD-The euro is currently above the MA-50- 1.3714 on the 1 hour graph and can go up to-1.3754 at first and then to- 1.3800.
If the euro will break down the MA-50, it can go to-1.3620 the MA-200 on the daily graph.
GBPUSD- After a slight rise yesterday still seems that the pound will continue downward.If it crosses the MA-50 on the 1 hour graph(1.6780) it can go down to-1.6750 at first and then down to-1.6630 on the MA-200 daily graph. However if the pound will cross the resistance point at- 1.6820 it can go up to- 1.6900.
USDTRY- The pair was up significantly yesterday and it seems that this trend will continue today. The pair is now at- 2.0980 on the MA-100 4 hour graph, it can go up to the MA-200 at-2.1118, if it fail to do that it can go down to-2.0870.
USDJPY- The pair can go down to the MA-200 on the daily graph-101.20 and from there it seems like buying all the way to-101.84.
Important data for today:
15:30-USD- Building Permits
Prelim UoM Consumer Sentiment
Daily Analysis 2014-05-19
EURUSD is at 1.37, and it looks like the pair still has a way to go before it finds a new support. Despite the pin bar on Tuesday, the pair likely still needs something additional to push it up.
NZDUSD is currently at the major support level of 0.863. If this support is broken, we may see the pair fall as low as 0.855, or even lower.
USDJPY is at 101.43, and it may find support just below this area at 101.3. On the daily chart, we see that the pair left some tails at this area. Can it hold a third time?
CRUDE OIL continues to march up. It's currently trading at 101.65. This week, we could see it reach as high as 102, and if the trend gets stronger, 103 may also be reached.
GOLD is trading in a very thin channel. This consolidation is likely to break in the near future, and these levels are more support and resistance.
S&P 500 continues to go up and up. It is currently trading at 1877, and after it finds a new support, will likely try to look for a new high during this week or the next.
No major economic news today.
Daily Analysis 2014-05-20
EURUSD- The euro is currently trading at 1.3707, the MA-100 & 50 on the 1 hour graph. If the euro drops below this level, it can go down to 1.3630, the MA- 200 on the daily graph. If the euro fails to cross 1.3707, it can go up to 1.3750, followed by 1.3800.
GBPUSD- The pair is currently trading at 1.6812, the MA 50/20 on the 1 hour graph. If the pound breaks below this level, it can go to 1.6730. If it fails to break it can go up to 1.6860, followed by 1.6900.
USDJPY- The USD is still strong against the yen, and it seems like this trend will continue. The pair may go up to-101.80, followed by 102.00 and 102.40.
GOLD- Gold is close to 1293, the MA-200 on the 1 hour graph. It can go down to 1290, followed by an increase to 1297 and then 1302.
Important data for today:
GBP-11:30- CPI y / y
Daily Analysis 2014-05-21
EURUSD has steadily traded sideways over the last few days. It might be smart to wait a little longer and see which way the pair decides to go and then tag along. Buying above yesterday's high with a stop at its low, with a target at 1.375 may be a good option.
AUDUSD has tumbled over the past two days. It is now trading at a major support and could pull back up for a healthy correction. 0.93 may be a reasonable target for the next week.
USDJPY continues to fall and we may see it reach the the round number of 100 by the end of the week. On the daily chart, we see tails which can be taken as evidence of some support at this level. If the breaks below this level, if could go much lower.
CRUDE OIL has traded up to 102.75, a resistance area, but it's still too early to consider which way it will go from here.
S&P500, as opposed to the oil, has moved down and it seems like it's going to seek further support before we see another new high.
Economic News:
15:30 - Retail Sales m/m (GBP)
18:30 - Fed Chair Yellen Speaks (USD)
21:00 - FOMC Meeting Minutes (USD)
Daily Analysis 2014-05-22
EURUSD- The dollar is still strong against the euro, and the pair is trading at the 1.3665 support level. If it breaks down, it can go to 1.3640 at first, followed by 1.3620, the MA-200 on the daily graph. If the pair does not break down, it can go up to 1.3690, followed by 1.3712.
USDJPY- The pair is currently at 101.65, the MA-200 on the 1 hour graph. If it crosses below this level, it can go down to 101.30, followed by 100.90. If it fails to do that, it can go up to 101.90, followed by 102.20.
GOLD- There may be a good opportunity to buy gold now between 1294 and 1300. If it continues to rise, it can go up to 1305, the MA-50 daily graph.
GBPUSD- The pound is still strong against the dollar. It may go down to 1.6556, the MA-50 on the 1 hour graph, after which it can go up again to 1.6906, followed by 1.6950.
Important data for today:
EUR- 10:30- German Flash Manufacturing PMI
GBP- 11:30- Second Estimate GDP q / q
CAD- 15:30- Core Retail Sales m/m
USD- 15:30- Unemployment Claims
Daily Analysis 2014-05-23
EURUSD- The dollar is still strong against the euro, and the pair is trading at the 1.3646 support level. If it breaks down, it can go to 1.3616 at first, followed by 1.3560. If the pair does not break down, it can go up to 1.3685, followed by 1.300 the MA-200 on the 1 hour graph.
USDJPY- The pair is currently at 101.65, the MA-200 on the 1 hour graph. If it crosses below this level, it can go down to 101.40, followed by 101.12. If it fails to do that, it can go up to 101.90, followed by 102.20.
GOLD- There may be a good opportunity to buy gold now between 1294 and 1300. If it continues to rise, it can go up to 1305, the MA-50 daily graph.
GBPUSD- The pound is still strong against the dollar. It may go down to 1.6550, the MA-100 on the 1 hour graph, after which it can go up again to 1.6906, followed by 1.6950.
USDCAD- The pair is currently at 1.0894 the MA-100/200 the 1 hour graph. If it crosses below this level, it can go down to 1.0860, followed by 1.0820.
If it fails to do that, it can go up to 1.0906 the MA- 50 1 hour graph, followed by 1.0940 the MA- 200 4 hour graph.
Important data for today:
11:00-EUR- German Ifo Business Climate
15:30- CAD- Core CPI m / m
17:00- USD- New Home Sales
Daily Analysis 2014-05-26
EURUSD has reached the 200 EMA, which could be used as a support level in the long term. It may be best to wait one or two more days to see if this indicator can be used as a good signal.
GBPUSD is still getting support from the fast EMA (20). It may be a good choice to buy this pair with a short S/L and let the trend do the rest.
USDCAD looks like it is going to take a dive! This pair just can't seems to find a bottom. The next major support is not on the horizon!
CRUDE OIL is trading lower at the beginning of this week. Currently it's at 103.8. It moved $5 over the last two weeks, and a correction from this level back to 102 may occur.
S&P500 is at new high! Again and again momentum weakens, but it is still going up! Today there is NO trading for this index in observance of Memorial Day.
Economic News -
09:00 - GfK German Consumer Climate (EUR)
11:00 - ECB President Draghi Speaks (EUR)
Daily Analysis 2014-05-27
EURUSD- The pair is trading at the 1.3646 support level. If it crosses the support, it can go down to 1.3630, followed by 1.3560 and then 1.3450. If it fails to cross the support, it can go up to 1.3680, the MA-200 on the 1 hour graph, followed to- 1.3705.
GOLD- Gold is at 1286.60, near the 1282 support level. If it reaches the support, it may be a good opportunity to buy up to 1294, the MA-200 on the 1 hour graph.
AUDUSD- The AUD is still strong against the dollar, and it can go up to 0.9284 at first, followed by 0.9322. If it fails to do that, it can go down to 0.9240 at first, and then to 0.9178, the MA-200 on the daily graph.
USDJPY- The pair is trading at 101.90, the MA-50 on the 1 hour graph. If it crosses the level, it can go down to 101.70, followed by 101.50, the MA-200.
If the pair crosses the 101.98 resistance level, it can go up to 102.20, followed by 102.40.
Important data for today:
15:30- USD- Core Durable Goods Orders m / m
16:30- USD- ECB President Draghi Speaks
17:00- USD- CB Consumer Confidence
Daily Analysis 2014-05-28
EURUSD is struggling to find support. At the moment, the 200 EMA is the best indicator of when the weakening euro can stop in the near term. Today, we might see 1.36 again, and this will be a key level for the next days.
AUDUSD is at 0.926 and it seems that over the past few days, the pair has been building a low angle ascending trend line that can lead to a strong break out to its recent high of 0.94.
USDJPY is at the 102 resistance level. From here, it may be a good opportunity to SELL with a stop loss at 102.4 and a take profit at 100.9.
CRUDE OIL is trading steadily at its high from the last couple of days, but it feels like momentum is weakening. A SELL opportunity may be best for this commodity.
GOLD slumped yesterday to a 2 month low, and it looks like it's just the beginning of this move that can lead to a new low for the year! In the near term, this commodity may pull back, but it is likely just a correction from yesterday's massive move.
S&P500 is at an ALL TIME HIGH again and the trend remains strong! Selling is not advisable at this time, but if you do, you may not want to hold onto the position for more than a few days. Next stop is at 1920.
Economic news:
09:45 - French Consumer Spending m/m (EUR)
10:55 - German Unemployment Change (EUR)
11:00 - M3 Money Supply y/y + Private Loans y/y (EUR)
13:00 - CBI Realized Sales (GBP)
Daily Analysis 2014-05-29
EURUSD- The pair is trading at 1.3596, the MA-20 on the 1 hour graph. If it breaks down, it may go down to 1.3560 at first, followed by 1.3460. If the pair does not break down, it can go up to 1.3630, followed by 1.3660, the MA-200 on the 1 hour graph.
Crude Oil- Oil has been breaking downward since yesterday, a trend that may continue today. Currently trading at 102.51, it may go down to 101.64, the MA- 200 on the 4 hour graph.
USDJPY- The pair is trading at 101.66, the MA-200 on the 1 hour graph. If it breaks below this level, it can go down to 101.34 at first, followed 101.10. If it doesn't, it can go up to 101.80, followed by 102.00.
GBPUSD- The pound has made 180 pips so far this week, and it seems like the trend could continue today. The pair is now at the 1.6720 level. It can go down to 1.6650, the MA- 100 on the daily graph, after which it can drop as low as 1.6430.
Important data for today:
15:30- USD- Prelim GDP q / q
USD- Unemployment Claims
17:00- USD- Pending Home Sales m / m
Daily Analysis 2014-06-02
EURUSD is getting support at the 1.36 level. For now, the pair is moving according to the 200 EMA (daily chart), and may go up to 1.367 in the near term.
AUDUSD made a doji candle on Friday. That, combined with today's loss of the reversal pattern, could result in the pair going much lower!
CRUDE OIL is up after getting support from the fast EMA. Still, the 103 level can be a strong resistance, so there might be a correction before the commodity continues its move up.
GOLD is trading down and can't find bottom. The next major support is at 1200.
S&P500 is at an ALL TIME HIGH again. We will hear this term at least a couple of more times this year! For the near term, a correction may be getting closer, and if so, support will be at 1900.
PAY ATTENTION - this week we have massive economic news that can deeply affect the markets!
Economic News:
11:30 - Manufacturing PMI (GBP)
17:00 - ISM Manufacturing PMI (USD)
Daily Analysis 2014-06-03
GBPUSD has not broken below the lows on the daily chart for the past two days. This might be the beginning of the pair moving its way back up. If so, by the weekend we could see it at 1.68.
AUDUSD has once again found support at last week's lows level, so there may be more to the medium trend rally we have been seeing.,If everything continues smoothly this week, we could see the pair reach 0.935.
USDCAD is at a major resistance and, most likely, that it will seek further support before the pair continues its massive move upwards.
GOLD is trading at 1243.5 with a very narrow range. If it remains that way, then we might reach the bottom of the last downward movement.
S&P500 looks like it may need some room to breath, following its gains of 2.6% in the past two weeks, (the index has gained every day except for one). It may find a good support at the round number 1900.
Economic news:
11:30 - Construction PMI (GBP)
12:00 - CPI Flash Estimate y/y (EUR)
Daily Analysis 2014-06-05
EURUSD- The pair is currently at 1.3608, near the 1.617 resistance level. If the EUR crosses this level, it can go up to 1.3635, followed by 1.3660. If it fails to do so, it can go down to 1.3590, followed by 1.3560.
GBPUSD- The pair is near the 1.6762 resistance level, the MA-200 on the 1 hour graph. If the pound crosses that level, it can go up to 1.6826, the MA-200 on the 4 hour graph. If the pound fails to do that, it can go down to 1.6730, followed by 1.6690.
USDJPY- The pair is currently at the 102.50 support level. If it crosses this level, it can go down to 102.26 at first, and then to 102.00, followed by 101.74. If the pair crosses the MA-20 on the 1 hour graph at 102.62, it can go up to 102.74, followed by 103.30.
GOLD- Gold has been unable to break through 1244.80, the MA50 on the 1 hour graph. If it crosses that point, it can go up to 1249, followed by 1256. If it fails to do that, it can go down to 1231, and then 1217.
Important data for today:
14:00-GBP- Asset Purchase Facility
Official Bank Rate
14:45- EUR- Minimum Bid Rate
15:30-USD- Unemployment Claims
Daily Analysis 2014-06-06
Good morning EURUSD - Yesterday we saw a very volatile session across the European board,
The pairs moved around 170 pips range, made an outside candle on a daily chart.
Lower rates in Europe, the EUR is cheap, it is very possible that a down trend will start in some of the EUR pairs.
More volatility is expected, Buying the EURUSD around 1.3635 with a stop loss of 30 pips can generate a nice ratio of 3:1 if the you EUR will continue to go up towards the 1.3740 level (200 SMA in the 1 Hour chart)
Important news is duo today, The N.F.P. will be published later on today at 15:30 MT4 server time.
The USDJPY loves to go up during the N.F.P. in some cases it's just jumps higher from it's current price around 50-70 in less then 1 minute, So a buy position with a close STOP LOSS
Indexes are touching the sky, every new day we have a new high, looking for the correction ? Maybe it's about time, the indexes has a good statistics of been in a down trend during the summer months, June / July / August , we will try to find a reversal candle in the 4 hour chart, to signal us the right time and price to sell the US indexes.
But be aware and be careful, don't forget to place SL in the positions, cause when an Index is breaking up, it can continue without even blinking.
UK100 is the weakest index, barley went up, possible to have the bigger profit in the correction with this Index, the 6890 level is a resistance for the last 5 months.
An expensive oil barrel (now at 102.10) can help the Indexes to start the correction, Buying the oil 102.10 with a 100 pips stop, and try to hold it till 104.35
EURCHF is not going up, so maybe the direction is down ? sell the pair till the 1.2040 level, sounds with a low change trade, but it's worth the try.
Daily Analysis 2014-06-09
EURUSD has opened a new week following its doji candle last week. Although it can still go lower and seek support at 1.355, we could still see it break last week's high, and maybe go higher.
AUDUSD advanced during the night, and is continuing to move up. It's now holding at 0.935 and may just be a matter of a day or two before we see it at 0.94.
USDCAD does not look like it's ready to move higher yet. At its current level, there is strong resistance, and we may see it drop this week to its next support at 1.088.
GOLD closed last week with a slight gain and a narrow candle range, which can be a good indicator for a possible reversal. It may be a good option to buy at around 1260 with a buy and hold strategy.
S&P 500 is trading at 1950, where it may need a break from its upward rally. This level is a possible hold, but may not be a good point to enter buy positions.
Economic news:
15:15 - Housing Starts (CAD)
19:00 - RBA Gov Stevens Speaks (AUD)
Daily Analysis 2014-06-10
EURUSD- The pair is now trading at 1.3600, the MA-20 on the 1 hour graph. If it crosses this level, it can go up to 1.3620, followed by 1.3680. If it fails to do so, it can go down to 1.3560, followed by 1.3520.
GBPUSD- The pound did not see any special movement in the last two days. It is now trading at 1.6810, the MA-50 on the 1 hour graph. It may go up to 1.6850, followed by 1.6906. If it fails to go up, it can drop to 1.6760, followed by 1.6700.
GOLD- Gold has strengthened in the last two days. It may continue to gain today, and could reach up to 1260, followed by 1268, the MA- 100 on the 4 hour graph.
GBPJPY- The pair is trading at 171.96. It can drop down to 171.50, the MA-200 on the 1 hour graph. If it fails to do so, it can go up to 172.30, followed by 172.80.
FT_DJ30- The Dow Jones is trading at 16918, the MA-50 on the 1hour graph. It may go down today to 16880, followed by 16820, the MA-100 on the 1 hour graph.
Important data for today:
GBP- 11:30- Manufacturing Production m / m
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