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NZD/USD  collapsed after the Reserve Bank of New Zealand shifted from a tightening bias to a neutral bias and even held out the possibility that the next move in rates would be a cut. The pair found an initial support near the 0.7320 zone, but broke that line and declined even more during the European morning Thursday . Given the negative sentiment towards kiwi, I would expect the pair to fall further at least until our 0.7220 (S1) support line. Our momentum studies support the notion. The RSI fell sharply below its 30 line and is pointing down, while the MACD, already negative, crossed below its trigger line. On the daily chart, the recent break below the black channel the pair has been trading in since December switched the bias to the downside, confirming the trend mode of this pair. • Support: 0.7220 (S1), 0.7180 (S2), 0.7120 (S3). • Resistance: 0.7320 (R1), 0.7400 (R2), 0.7490 (R3). Source : Ironfx https://www.ironfx.com/en/reg...

Trade taken Sold AUDUSD at 0.7850 and EURUSD at 1.1312 100 pips TP and SL 50 pips Result -    AUDUSD running 45+ pips and EURUSD 5+ pips ---------------------------------------------------------------------------------------------------------------------------------- Buy EURJPY at CMP 133 Tp 50 - 100 pips SL 40 pips Result - Running 30+ pips

Oil prices slide ahead of OPEC meeting  With just a day ahead of the Organization of the Petroleum Exporting Countries (OPEC) scheduled meeting in Vienna, impromptu talks between member nations Saudi Arabia and Venezuela with nonmembers Russia and Mexico ended without announcing any kind of agreement. On top of this, signals sent by individual member nations thus far suggest there is little consensus on whether and how to reduce output and stabilize prices. Benchmark West Texas Intermediate crude for January delivery fell to USD 73.60 a barrel, while Brent crude oil dipped to USD 78 a barrel on these developments. What could be agreed  on Thursday  is stricter enforcement of the existing production quota of 30 million barrels a day. Yet this is unlikely to be enough to reverse the fall by more than 30% since June in oil prices as there are no guarantees of any production cutbacks nor it is clear how non-OPEC members will react. It looks to us as if the decline in oil pr...

Interesting Fact : GOLD (XAUUSD) Dominant bias: Bearish On Friday, November 14, 2014, Gold bounced upwards. That was a break from the equilibrium zone that was formed last week and the bounce was strong enough to threaten the existing bearish bias. In the US, Thanksgiving Day is on November 27 this year, being the 4th Thursday of November, and the unique thing about Thanksgiving is that Gold tends to rally around this period – with impressive consistency. Just check price data around Thanksgiving Day and you will see that Gold has tended to rise around the middle of November each year with the rally usually starting several trading days before Thanksgiving. Although this has not occurred every single year, it has certainly been the case for most of the past 12.

Buy EURUSD at CMP 1.2460 SL 1.2430 TP 1.2510

Buy AUDUSD at CMP .8700 SL .8670 TP .8750

Buy GBPUSD at CMP 1.5912 SL 1.5885 TP 1.5955 & 1.6000