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Concerns over Chinese economic slowdown weighed in worldwide stocks, with almost all major indexes closing in the red. In the US, the DJIA closed down at 16,001.89, having lost 312 points or 1.92%, the worst one-day decline in over a month. Commodities were under pressure amid news saying that Chinese industrial activity has fallen sharply in August, whilst the biotech sector also fell sharply, amid concerns that increasing political pressure will put an end to the latest drugs' price increases.…
JaffarMashaqi's Blog
EUR/USD
The EUR/USD pair closed the week in the red, although within its monthly range, still unable to set a clear directional trend. Over the past few weeks, risk sentiment and uncertainty over upcoming economic policies in both regions, has left investors between a rock and a hard place, and price's action is a clear reflection of it. FED's Yellen said last Thursday that a rate hike is still in the table for this 2015, and the latest US Q2 GDP revision resulted at 3.9%, above the previous 3.7%. But t…
Wisdom of The Day
Over the road there was a church: a modern gray building, which constantly played a recording of church bells. Strange it was. Why no proper bells? I never went in but I bet it was a robot church for androids, where the Bible was in binary and their Jesus had laser eyes and metal claws.
Russell Brand quotes
Russell Brand quotes
USD/JPY
Summary :
Target Level : 118.9176
Target Period : 2 days
Analysis :
Pennant has broken through the support line at 24-Sep-12:00 2015 GMT.
Possible bearish price movement forecast for the next 2 days towards 118.918.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 120.555Last resistance turning point of Pennant.
Support Levels
( A ) 119.625Last support turning point of Pennant.
reported by Ava Trader Company
Target Level : 118.9176
Target Period : 2 days
Analysis :
Pennant has broken through the support line at 24-Sep-12:00 2015 GMT.
Possible bearish price movement forecast for the next 2 days towards 118.918.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 120.555Last resistance turning point of Pennant.
Support Levels
( A ) 119.625Last support turning point of Pennant.
reported by Ava Trader Company
AUD/USD
Summary :
Target Level : 0.7067
Target Period : 6 hours
Analysis :
Channel Down identified at 23-Sep-22:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.707 within the next 6 hours.
Resistance Levels :
( B ) 0.7067Last resistance turning point of Channel Down.
Support Levels
( A ) 0.6989Last support turning point of Channel Down.
Reported By Ava Trader Co.
Target Level : 0.7067
Target Period : 6 hours
Analysis :
Channel Down identified at 23-Sep-22:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.707 within the next 6 hours.
Resistance Levels :
( B ) 0.7067Last resistance turning point of Channel Down.
Support Levels
( A ) 0.6989Last support turning point of Channel Down.
Reported By Ava Trader Co.