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   ICE sugar broken out of the falling wedge ... bullish trend to begin? or just an abberation to a prolonged consolidation?
   
   
   
   
   
   
   
   
   

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FX Technical analysis
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Currency Candles

 

GBP-USD Candle Patterns During Dec’13

Pattern

At level

On

Implication

Remarks

Spinning top

1.6347

Dec-12-13

Minor recovery

 

Evening Star

1.6445

Dec-10-13

Weak

 

Bullish Engulfing

1.6391

Dec-18-13

Rally

Most Influential

 

 

 

 

Dollar Index rise above 200-Day SMA
The recent move above the 200-Day SMA can bring different kind of resilience to the dollar , as this time around the equities are weak. The underlying uptrend in the dollar can lead to a rally beyond 85 eventually.
Short term trend 1 -2 weeks Rally to 82.50

USD-BRL Breaking Fibonacci Fan lines
The dollar against Brazilian real has been making a recovery from 1.5500 region, since 2008, which is gaining much needed traction, to rally back to 4 year high of 2.5300.
Short term trend 1-2 weeks Positive to 2.250 region.

Dollar-Rupee
The dollar against rupee is being enamored with strong buying interest on dips and as such the resilience to recovery weakness is worth noting. In this context a rise above extended trend line of 55.00 is a way dollar can conquer its 57.3250 mark in as much as a month or so.
Short term trend 1-2 weeks Positive to 56.50

 

 

 
  • Bank Rates
Currency Centeral Bank Rate Overright Rate
AUD 2.75%
NZD 2.50%
EUR 0.50% 0.45%
CAD 1.00%
GBP 0.50% 0.48%
USD 0.25% 0.12%
  • Economic Calender
Date Event Actual Forecast

Jul 30

USA Cons Confidence

81.40

Jul 31

USA Adv GDP Q/Q
1.8%

Aug 02

USA NFP 195K

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