With time running out to avoid a partial gov’t shutdown, the Senate continues work on its spending bill, while House Republicans say they won’t pass it if it doesn’t defund ‘Obamacare.’ Meanwhile, a debt ceiling deadline looms close behind. (Sept. 26)
2013.09.26 – New York Close – End of US Session
The euro declined against the US dollar today as the pair closed below the major 1.3500 exchange rate. The trend for the euro against the dollar is bullish although the 10 day short-term trend is showing signs of a top and losing steam as the pair consolidates near the 1.3500 level. The pair is also starting to trade under our 21 day moving average further the signaling the uptrend may be ready to take a breather.
Current Market Price: 1.34876
Today’s Pivot Point Levels:
Daily Pivot Point: 1.35077
Weekly Pivot Point: 1.34710
Monthly Pivot Point: 1.32810
Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 256.8 pips
30-day current trend is BULLISH / Trend strength of 159.1 pips
60-day current trend is BULLISH / Trend strength of 417.2 pips
90-day current trend is BULLISH / Trend strength of 378.9 pips
180-day current trend is BULLISH / Trend strength of 101.7 pips
365-day current trend is BULLISH / Trend strength of 815.1 pips
The British pound sterling today fell against the US dollar although the GBPUSD currency pair continues to find buying support around the 1.6000 level. The GBPUSD remains in consolidation mode following last week’s sharp bullish action. The pair’s trend is strongly bullish although the 10 day short-term trend is evening out due to prices consolidating this week. Look for the 1.6000 level to continue to play a major role either as support or resistance going forward.
Current Market Price: 1.60391
Today’s Pivot Point Levels:
Daily Pivot Point: 1.60483
Weekly Pivot Point: 1.60162
Monthly Pivot Point: 1.54355
Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 245.6 pips
30-day current trend is BULLISH / Trend strength of 572.9 pips
60-day current trend is BULLISH / Trend strength of 1009.0 pips
90-day current trend is BULLISH / Trend strength of 631.4 pips
180-day current trend is BULLISH / Trend strength of 211.6 pips
365-day current trend is BEARISH / Trend strength of -538.2 pips
The dollar rose against the Japanese yen today to buck the trend of four consecutive losing days. The USD JPY trades currently at the 99.00 level and looks to build a base of support for higher levels. The 10 day short-term trend is slightly bearish to neutral.
Current Market Price: 99.012
Today’s Pivot Point Levels:
Daily Pivot Point: 98.534
Weekly Pivot Point: 98.900
Monthly Pivot Point: 97.937
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -64.2 pips
30-day current trend is BULLISH / Trend strength of 169.5 pips
60-day current trend is BEARISH / Trend strength of -79.5 pips
90-day current trend is BEARISH / Trend strength of -22.8 pips
180-day current trend is BULLISH / Trend strength of 736.6 pips
365-day current trend is BULLISH / Trend strength of 2864.9 pips
The Swiss franc fell slightly against the dollar today as the USDCHF pair consolidates among the lowest levels of the year. This pair has range-traded between 0.9075 and 0.9135 for the past six trading days and has only traded lower this year in February when this pair reached a low of 0.9021. The trend data for this pair continues to be overall bearish with the 10 day short-term bearish trend easing because of the consolidation of the last week.
Current Market Price: 0.91013
Today’s Pivot Point Levels:
Daily Pivot Point: 0.91015
Weekly Pivot Point: 0.91551
Monthly Pivot Point: 0.92785
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -257.8 pips
30-day current trend is BEARISH / Trend strength of -113.7 pips
60-day current trend is BEARISH / Trend strength of -332.1 pips
90-day current trend is BEARISH / Trend strength of -307.8 pips
180-day current trend is BEARISH / Trend strength of -32.9 pips
365-day current trend is BEARISH / Trend strength of -254.0 pips
By CountingPips.com – Get our Free Metatrader 4 Pivot Point Indicator
2013.09.26 – New York Close – End of US Session
AUDUSD Currency Pair Levels & Trend Strength Data
Current Market Price: 0.93594
Today’s AUDUSD Pivot Point Levels:
Daily Pivot Point: 0.93650
Weekly Pivot Point: 0.94008
Monthly Pivot Point: 0.89914
AUDUSD Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 119.4 pips
30-day current trend is BULLISH / Trend strength of 485.4 pips
60-day current trend is BULLISH / Trend strength of 188.2 pips
90-day current trend is BEARISH / Trend strength of -375.3 pips
180-day current trend is BEARISH / Trend strength of -1760.8 pips
365-day current trend is BEARISH / Trend strength of -1081.0 pips
NZDUSD Currency Pair Levels & Trend Strength Data
Current Market Price: 0.82861
Today’s NZDUSD Pivot Point Levels:
Daily Pivot Point: 0.82433
Weekly Pivot Point: 0.83144
Monthly Pivot Point: 0.78657
NZDUSD Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 182.3 pips
30-day current trend is BULLISH / Trend strength of 514.6 pips
60-day current trend is BULLISH / Trend strength of 358.9 pips
90-day current trend is BULLISH / Trend strength of 184.1 pips
180-day current trend is BEARISH / Trend strength of -567.5 pips
365-day current trend is BULLISH / Trend strength of 157.5 pips
USDCAD Currency Pair Levels & Trend Strength Data
Current Market Price: 1.03079
Today’s USDCAD Pivot Point Levels:
Daily Pivot Point: 1.03048
Weekly Pivot Point: 1.02716
Monthly Pivot Point: 1.04540
USDCAD Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -22.8 pips
30-day current trend is BEARISH / Trend strength of -192.1 pips
60-day current trend is BEARISH / Trend strength of -64.0 pips
90-day current trend is BULLISH / Trend strength of 50.0 pips
180-day current trend is BULLISH / Trend strength of 394.1 pips
365-day current trend is BULLISH / Trend strength of 404.7 pips
By CountingPips.com – Get our Free Auto Fibonacci Retracement Indicator
Senate Democrats reacted with exasperation to House Republicans saying they won’t pass a spending bill stripped of a provision to defund ‘Obamacare’. The House and Senate must agree on a funding bill by Tuesday to avoid a partial shutdown. (Sept. 26)
President Barack Obama promotes his health care law before new insurance exchanges open next week. The president says congressional critics of the 3-year-old health care law have become more irresponsible in their attempts to kill it. (Sept. 26)
The countdown clock is ticking toward a possible government shutdown at the end of the month. The Senate is working on its version of a spending bill to avoid it. (Sept. 26)
2013.09.25 New York Close – End of US Session
USDCAD Currency Pair Levels & Trend Strength Data
The US dollar continued its rebound against the Canadian dollar today following last week’s plunge lower post-Fed meeting. The USDCAD pair trades above the 1.0300 level and has ascended the 50% Fibonacci retracement level (of last 100 days range). The short-term trend is setting up for an imminent to change to bullish as well as the MACD shaping up for a potential crossover. We are looking for support at the major 1.3000 level with possible targets and resistance at the 1.0350 level and then the 38.2% Fibonacci retracement level below 1.4000.
Current Market Price: 1.03124
Today’s Pivot Point Levels:
Daily Pivot Point: 1.02920
Weekly Pivot Point: 1.02716
Monthly Pivot Point: 1.04540
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -38.9 pips
30-day current trend is BEARISH / Trend strength of -165.6 pips
60-day current trend is BEARISH / Trend strength of -68.3 pips
90-day current trend is BULLISH / Trend strength of 54.2 pips
180-day current trend is BULLISH / Trend strength of 405.5 pips
365-day current trend is BULLISH / Trend strength of 405.7 pips
By CountingPips.com – Currency Trading Blog
Filibuster or no, Sen. Ted Cruz’ marathon Senate floor speech made one point: Obamacare had to go. But when the freshman senator finally stopped talking after 21 hours, he was no closer to killing President Barack Obama’s health care law. (Sept. 25)
2013.09.25 New York Close – End of US Session
USDJPY Currency Pair Levels & Trend Strength Data
The US dollar continued its fall against the Japanese yen today for a fourth day in a row. The USDJPY has left the 100 level in the rear-view mirror for the time being and looks to be setting up a test of the 98.00 level soon. Current trend is down and price is currently trading around the major level of 98.50. A potential base of support looms below at the 38.2% Fibonacci retracement level which coincides with the previous support and resistance level of 97.50.
Current Market Price: 98.423
Today’s Pivot Point Levels:
Daily Pivot Point: 98.789
Weekly Pivot Point: 98.900
Monthly Pivot Point: 97.937
Linear Regression Indicator Trend Strength Data:
10-day current trend is BEARISH / Trend strength of -112.0 pips
30-day current trend is BULLISH / Trend strength of 175.3 pips
60-day current trend is BEARISH / Trend strength of -91.4 pips
90-day current trend is BEARISH / Trend strength of -53.6 pips
180-day current trend is BULLISH / Trend strength of 759.7 pips
365-day current trend is BULLISH / Trend strength of 2862.3 pips
By CountingPips.com – Currency Trading Blog
2013.09.25 – New York Close – End of US Session
GBPUSD Currency Pair Levels & Trend Strength Data
The GBPUSD regained it’s strength today and continued to hold above the major 1.6000 level against the US dollar. The 1.6000 level will be the key level to watch for this pair and whether the momentum can sustain and bring higher levels. The current trend is clearly a bullish one but with prices starting to consolidate after last week’s large spike higher, a corrective downtrend looks to be looming, although prices will have to break below 1.6000 first.
Current Market Price: 1.6079
Today’s Pivot Point Levels:
Daily Pivot Point: 1.60000
Weekly Pivot Point: 1.60162
Monthly Pivot Point: 1.54355
Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 295.0 pips
30-day current trend is BULLISH / Trend strength of 559.2 pips
60-day current trend is BULLISH / Trend strength of 977.0 pips
90-day current trend is BULLISH / Trend strength of 620.0 pips
180-day current trend is BULLISH / Trend strength of 171.1 pips
365-day current trend is BEARISH / Trend strength of -554.0 pips
By CountingPips.com – Forex News
