HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

Posted by: : Shayne HeffernanPosted on: October 16, 2014 HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY,$AUDUSD, $USDCHF

FX Headlines

$DJIA Thursday’s Technical Analysis: DJIA (.DJI) http://www.livetradingnews.com/?p=76614

A second Texas nurse who has contracted Ebola told a U.S. health official she had a slight fever and was allowed to board a plane from Ohio to Texas, a federal source said on Wednesday, intensifying concerns about the U.S. response to the deadly virus.

U.S. stocks opened sharply lower on Thursday, after the S&P 500 closed at its lowest in six months, amid concerns about weak global demand and its potential impact on the U.S. economy and businesses.

Crude Oil (NYMEX) (X4) Intraday: under pressure.


Pivot: 83.6

Our preference: Short positions below 83.6 with targets @ 79 & 77.15 in extension.

Alternative scenario: Above 83.6 look for further upside with 86.3 & 87.98 as targets.

Comment: As long as 83.6 is resistance, look for choppy price action with a bearish bias.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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Gold spot Intraday: the upside prevails.


Pivot: 1221.5

Our preference: Long positions above 1221.5 with targets @ 1250 & 1262 in extension.

Alternative scenario: Below 1221.5 look for further downside with 1215 & 1202 as targets.

Comment: The RSI is around its neutrality area at 50%


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




EUR/USD Intraday: under pressure.


Pivot: 1.2845

Our preference: Short positions below 1.2845 with targets @ 1.27 & 1.266 in extension.

Alternative scenario: Above 1.2845 look for further upside with 1.2905 & 1.294 as targets.

Comment: The pair stands below its resistance and remains under pressure.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




GBP/USD Intraday: the upside prevails.


Pivot: 1.592

Our preference: Long positions above 1.592 with targets @ 1.605 & 1.6105 in extension.

Alternative scenario: Below 1.592 look for further downside with 1.587 & 1.583 as targets.

Comment: The pair stands above its support.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




USD/CAD Intraday: supported by a rising trend line.


Pivot: 1.124

Our preference: Long positions above 1.124 with targets @ 1.1385 & 1.143 in extension.

Alternative scenario: Below 1.124 look for further downside with 1.1155 & 1.1075 as targets.

Comment: The RSI is bullish and calls for further upside.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




USD/JPY Intraday: under pressure.


Pivot: 106.65

Our preference: Short positions below 106.65 with targets @ 105.2 & 104.7 in extension.

Alternative scenario: Above 106.65 look for further upside with 107.05 & 107.55 as targets.

Comment: The pair stands below its resistance and remains under pressure.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




AUD/USD Intraday: consolidation in place.


Pivot: 0.878

Our preference: Short positions below 0.878 with targets @ 0.868 & 0.865 in extension.

Alternative scenario: Above 0.878 look for further upside with 0.8835 & 0.886 as targets.

Comment: The RSI advocates for further decline. Prices are challenging the lower boundary of a bullish channel.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced




USD/CHF Intraday: rebound.


Pivot: 0.9385

Our preference: Long positions above 0.9385 with targets @ 0.949 & 0.9525 in extension.

Alternative scenario: Below 0.9385 look for further downside with 0.935 & 0.933 as targets.

Comment: The pair has rebounded and has broken above its resistance.


Opinion published is an intraday view.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point |  Black represents the price when the report was produced

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Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
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