Try easyMarkets today

Start Trading

Morning Dealing Room Technical Report

August 18, 2015

Market Comment

Australia
The S&P/ASX 200 index rose 0.21% or 11.119pts to 5367.66 (day range: 5397 – 5360.1) on Monday. The index is below its 20d MA (@ 5563) and below its 50d MA (@ 5560). 23% of the index constituents are above their 20D MA (vs 19% the previous session) and 35% of the shares are above their 50D MA (vs 34%).

Foreign Exchange
The US dollar was mixed against its major counterparts on Monday. On the economic data front, The US Empire State Manufacturing Index fell to (-14.92) in August, the lowest level since April 2009, compared to a positive 3.86 in July.

The Euro was under pressure against all its major pairs. In Europe, euro zone trade balance excess increased to E21.9B in June from E21.3B in May. It was expected to be E23.1B. According to Rightmove UK house prices fell by 0.8% in August after being up by 0.1% the month before.

The Australian dollar was higher against its major pairs except for the Canadian and New Zealand Dollar
Last %1D %YTD
EUR/USD 1,1078 -0.28 -8.43
GBP/USD 1,5587 -0.35 0.06
USD/JPY 124,41 0.07 3.94
EUR/CHF 1,0831 -0.12 -9.85
EUR/JPY 137,8300 -0.22 -4.73
EUR/GBP 0,7107 0.06 -8.49
AUD/NZD 1,1225 -0.76 7.11
AUD/JPY 91,7580 0.02 -6.14
EUR/AUD 1,5020 -0.23 1.43
USD/CAD 1,3088 -0.08 12.62
USD/CHF 0,9777 0.15 -1.66
AUD/USD 0,7375 -0.05 -9.79
NZD/USD 0,6570 0.35 -15.74

Currency Updates:

Medium Term Strategy: Forex Pair of the day
NZD/USD – under pressure
The pair remains in a long-term down trend. The declining 20-day moving average is actively capping the pair and is offering strong resistance. The daily RSI stands below its neutrality area. As a consequence, further weakness is expected with 0.62 as a first target (2009 overlap area) and 0.5840 in extension. A third target is set at April 2009 bottom at 0.55. Only a break above the strong horizontal resistance and overlap at 0.72 would invalidate this scenario and allow a limited recovery towards the overlap at 0.7570 and even April top at 0.7750.

Intraday Technical Strategy
AUD/USD Intraday: the bias remains bullish.
Pivot 0.7320
Our preference Long positions above 0.732 with targets @ 0.741 & 0.744 in extension.
Alternative scenario Below 0.732 look for further downside with 0.727 & 0.7215 as targets.
Comment The RSI is mixed to bullish.

Easy Forex Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Easy-Forex recommends that you read the Regulation Page, The Product Disclosure Statement, the Terms and Conditions and the Financial Services Guide before making any decision concerning Easy-Forex’s products.

Back to daily Archive

What our Traders say about us

Offering our clients an exceptional customer experience since 2003

  • 14 February
    Great Customer Service
    Great customer service. I wasn't too sure what docs to upload. Entered the chat...
    Jason
    20 March
    This is so easy to use and the service…
    This is so easy to use and the service calls i got and the help was great
    Stephen Brennan
    12 March
    Good service
    The trading cost is a bit high, but the service is great.
    Yan
  • 1 March
    Easymarkets trading site is well laid…
    Easymarkets trading site is well laid out and very easy to use. I have tried oth...
    Ben Slyns
    28 February
    Very good customer service
    Very good customer service. Any issues I have had have been promtly addressed an...
    Phillip McDowall
    22 February
    My review
    Been with this company for a short time and have already had a great experience...
    Rheannen Killick
  • 21 February
    Top notch
    Easy to use, great customer service and quick response to any queries via email/...
    Vanessa Matovic
    9 February
    Setting up an MT4 Platform
    I was having trouble setting up the MT4 platform on my iPad . I rang the support...
    Janice Myers
    5 December
    Customer service is fantastic
    Customer service is fantastic. Reminds me of the old days when the client matter...
    Jacqueline

    • Best APAC Region Broker 2018

    ADVFN International Financial Awards

    easyMarkets is honored to be the recipient of the panel judged ADVFN Best APAC Broker award

    Australian Regulated

    AFSL 246566

    easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. We recommend that you read the Regulation Page, The Product Disclosure Statement, the Client Agreement and the Financial Services Guide before making any decision concerning easyMarkets products.

    2024 © easyMarkets Pty Ltd (formerly known as easy forex Pty Ltd) ABN 73 107 184 510 and is regulated by the Australian Securities and Investments Commission (ASIC).
    Australian Financial Service (AFS) Licence No. 246566.

    Target Market Determination – OTC Options
    Target Market Determination – Forward Contracts
    Target Market Determination – CFDs
    Target Market Determination – easyTrade

    easyMarkets Pty Ltd is part of the Blue Capital Markets Group (Blue Capital Markets Ltd is not regulated by ASIC).

    join THOUSANDS OF other people
    who trade with easymarkets

    Two minutes is all it takes.

    You're almost there!

    Finish your application and start trading today.

    DON'T MISS A TRADING OPPORTUNITY

    Two minutes is all it takes.

    Login
    Call 1300 303 08