AUD/USD Technical Analysis for Today Evening
 

11.01.2017

AUD/USD is trading at 0.73795 making a day-high of 0.73939 & day-low of 0.73514. The Aussie strengthened against the USD as the market waits for forthcoming Donald Trump’s Press Conference on Wednesday & FOMC Janet Yellen speech on Thursday. In Australia, the AIG Construction Index rose to 47.0 from 46.6 in the previous month & Building Approvals climbed to 7.0% much higher than the estimated figure of 4.6%.

Also, the ANZ Job Advertisements dropped by 1.9% from positive 1.6% in the previous month cushioning the pair. An increase in consumption demand of commodities from China turned out positive for Aussie as Australia & China are trading partners. Buying bias may be continued if breaches the current level.

Resistance – 0.73860-0.74112 Pivot – 0.73575

Support – 0.73323-0.73038 Expected Trend - Bullish

 

 

JAP225 Technical Analysis for Today Evening
 

11.01.2017

JAP225 is trading at 19369 making a day-high of 19409 & a day low of 19289. The Japanese stocks slightly moved upside following the global cues in European & U.S regions. In Japan, the Leading Indicators rose to 102.7% from 100.8% in the previous month slightly cushioning the pair.

Previously, the strong Consumer Confidence which climbed to 43.1 from 40.9 earlier further turned positive for Yen making the pair USD/JPY to trade on the lower side. The trend in JAP225 is largely dependent on the Donald Trump’s Press Conference focusing on fiscal plans & taxation reforms for an economy. As seen in the chart, the index is trading above the major support area indicating the buying bias on daily basis.

Resistance – 19432-19555 Pivot – 19325

Support – 19202-19095 Expected Trend - Bullish

 

SILVER Technical Analysis for Today Evening
 

11.01.2017

Silver is trading at $16.755 making a day-high of $16.826 & a day-low of $16.718. The strong momentum can be seen in the Silver due to firmer US Dollar Index ahead of the FOMC Yellen speech & Donald Trump’s Press Conference affecting the US Dollar Index in the current week.

Earlier, the FOMC Minutes showed the variable chances of three interest rate hikes in 2017 weakening Dollar Index & cushioned the Silver. Last month, the Silver slashed down to recent lows post FOMC move of raising interest rate by 25bps from a range of 0.50% to 0.75%. As seen in the chart, the reversal can be seen in Silver after testing the lower trend-line of channel pattern indicating the buying bias for the day.

Resistance –$16.920 - $17.090 Pivot – $16.712

Support –$16.546 - $16.338 Expected Trend - Bullish

 

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AUD/USD Technical Analysis for Today Evening
 

11.01.2017

AUD/USD is trading at 0.73795 making a day-high of 0.73939 & day-low of 0.73514. The Aussie strengthened against the USD as the market waits for forthcoming Donald Trump’s Press Conference on Wednesday & FOMC Janet Yellen speech on Thursday. In Australia, the AIG Construction Index rose to 47.0 from 46.6 in the previous month & Building Approvals climbed to 7.0% much higher than the estimated figure of 4.6%.

Also, the ANZ Job Advertisements dropped by 1.9% from positive 1.6% in the previous month cushioning the pair. An increase in consumption demand of commodities from China turned out positive for Aussie as Australia & China are trading partners. Buying bias may be continued if breaches the current level.

Resistance – 0.73860-0.74112 Pivot – 0.73575

Support – 0.73323-0.73038 Expected Trend - Bullish

 

 

JAP225 Technical Analysis for Today Evening
 

11.01.2017

JAP225 is trading at 19369 making a day-high of 19409 & a day low of 19289. The Japanese stocks slightly moved upside following the global cues in European & U.S regions. In Japan, the Leading Indicators rose to 102.7% from 100.8% in the previous month slightly cushioning the pair.

Previously, the strong Consumer Confidence which climbed to 43.1 from 40.9 earlier further turned positive for Yen making the pair USD/JPY to trade on the lower side. The trend in JAP225 is largely dependent on the Donald Trump’s Press Conference focusing on fiscal plans & taxation reforms for an economy. As seen in the chart, the index is trading above the major support area indicating the buying bias on daily basis.

Resistance – 19432-19555 Pivot – 19325

Support – 19202-19095 Expected Trend - Bullish

 

SILVER Technical Analysis for Today Evening
 

11.01.2017

Silver is trading at $16.755 making a day-high of $16.826 & a day-low of $16.718. The strong momentum can be seen in the Silver due to firmer US Dollar Index ahead of the FOMC Yellen speech & Donald Trump’s Press Conference affecting the US Dollar Index in the current week.

Earlier, the FOMC Minutes showed the variable chances of three interest rate hikes in 2017 weakening Dollar Index & cushioned the Silver. Last month, the Silver slashed down to recent lows post FOMC move of raising interest rate by 25bps from a range of 0.50% to 0.75%. As seen in the chart, the reversal can be seen in Silver after testing the lower trend-line of channel pattern indicating the buying bias for the day.

Resistance –$16.920 - $17.090 Pivot – $16.712

Support –$16.546 - $16.338 Expected Trend - Bullish

 

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