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Daily Analysis – Sept. 23rd, 2014

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Sept 23 GBPUSDM15 chart

Sept 23 GBPUSDM15 chart

Daily Analysis

Date: Sept. 23rd, 8:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2922, 1.2975, 1.3155
Support:  1.2421, 1.2675, 1.2835
Cycle: Level 3 consolidation. Could trade both sides of the range. May be going up.
Bias: Trade both sides of the range

Pair: GBPUSD
Resistance:
1.652, 1.6468, 1.6400,
Support:  1.6358, 1.6280, 1.6214, 1.6140, 1.6069
Cycle: Up. Level 1
Bias: Up

Fundamentals

Low on the news front today. News scheduled for today:

  1. FOMC Member Powell Speaks – 9:20am
  2. Flash Manufacturing PMI – 9:45am
  3. Richmond Manufacturing Index – 10:00am
  4. FOMC Member Kocherlakota Speaks – 2pm

Indices and Commodities

DOW – down – 17,172.68
S&P500 – down – 1,994.29
Nasdaq, – down – 4527.69
Nekei – down – 16,206
FTSE100 – down – 6,668.68
DAX – down – 9622.65

Gold – down  – $1213.40
Oil – down – $91.62

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