After three weeks of consecutive losses, GBPJPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds high for downside corrections in the short-term as long as they fluctuate in the? bearish area. Yet, […]
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Technical Analysis – GBPJPY bulls test 20-day SMA; trend reversal still likely
After three weeks of consecutive losses, GBPJPY is set to close in the green, though with minimal gains. The 20-day simple moving average (SMA) remained a key resistance area, while the RSI and the MACD continue to keep the odds high for downside corrections in the short-term as long as they fluctuate in the? bearish area. Yet, […]
EURNZD is extending gains after the rebound on the 1.6525 support area, heading towards the 200-simple moving average (SMA), which overlaps with the 1.6800 psychological mark. The RSI is pointing marginally upwards, approaching the 50 level, while the stochastic is moving near the overbought area. Should the price close comfortably above the 200-day SMA, immediate […]
EURNZD is extending gains after the rebound on the 1.6525 support area, heading towards the 200-simple moving average (SMA), which overlaps with the 1.6800 psychological mark. The RSI is pointing marginally upwards, approaching the 50 level, while the stochastic is moving near the overbought area. Should the price close comfortably above the 200-day SMA, immediate […]
Technical Analysis – Twitter stock touches upper boundary of trading range; eyes on gap
Twitter stock lunged up out of a trading range trying to fill the gap from July 2018. The move had price hit a nine-and-a-half month high of 40.90 to only fall back into a two-and-a half month sideways market, where the price is currently shaking hands with the upper boundary. Price has printed a red candle, besides a […]
Daily Market Comment – Euro rebounds from lows after ECB disappoints; dollar holds firm
ECB pledges more stimulus but euro bounces back from 2-year lows as no change this month disappoints US dollar climbs to 2-month highs as odds of 50-bps cut fade on solid US data Pound heads back down again after EU rejects Johnson’s request to renegotiate backstop Euro off lows but subdued The euro was steadier […]
Technical Analysis – USDCAD gains some ground; still negative in medium-term
USDCAD found some footing around the nine-month low of 1.3015 last week and completed the fifth consecutive green day. Currently, the pair is approaching the 40-simple moving average (SMA), experiencing some gains above the 1.3145 barrier. The stochastic oscillator seems to be strengthening momentum above the 80 level, while the RSI is standing above the 50 level with […]
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Industry news: A new research study published by cryptocurrency trading platform Strix Leviathan has revealed that cryptocurrency halving events do not necessarily result in the asset outperforming the market.. Technical picture: Important levels to watch: $10.000 – Resistance (yellow rectangle) $10.200 – Multi swing high Resistance $9.805– Support 1 (gray rectangle) $9.510 – Support 2 […]
Overview: The AUD/USD pair is set above strong support at the levels of 0.6876 and 0.6810. This support has been rejected four times confirming the uptrend. The major support is seen at the level of 0.6810, because the trend is still showing strength above it. Accordingly, the pair is still in the uptrend in the […]
Overview: The EUR/USD pair continues to move upwards from the level of 1.1179/1.1222 (support zone). Last week, the pair rose from the level of 1.1179 to a top around 1.1222 (currently price is set at the 1.1234 price). Today, the first resistance level is seen at 1.1262 followed by 1.1295, while daily support 1 is […]
Gold did reject of the important pivot resistance that I mentioned yesterday at the price of $1.429. Anyway, support is on the test at $1.416 and the Gold is trading inside of the trading range between the price of $1.429 (resistance) and $1.416 (support). Watch for breakout of support or resistance to confirm further direction. […]
EUR/USD for July 25,2019 – Shake out in the background, strong reaction from buyers
EUR did trade lower to test key support at 1.1108 and then it rejected strongly upward. I found classic shake out on the EUR after the ECB today. My advice is still same like yesterday, upward opportunities are preferable. Key resistance and target is set at the price of 1.1206 Industry news: -Jacqui Douglas, chief […]
Opportunity to buy USDCAD?
USDCAD has come close to our short-term target of the 38% Fibonacci retracement. Price is now pulling back towards cloud support. I expect price to bounce off that area.A USDCAD has broken above the 4 hour Ichimoku cloud. Short-term resistance has been broken and we now expect prices to move higher. The current pull back […]
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A Big Sign of an Epic Financial Complacency | Elliott Wave International
Why engage in the effort of stock market research when you can just buy an index fund? That seems to be the attitude of an explosive number of investors. One CEO of a capital firm describes the passive investing trend as “herding behavior.” Indeed, the July Elliott Wave Theorist predicts where this herding behavior will […]
Amazon earnings is the key release to watch today – Stock Market News
Jeff Bezos’s famous Amazon.com will be among the highlights this week as the world’s second most valuable company by market capitalization is expected to report its Q2 financial results on Thursday after Wall Street’s closing bell. After a stellar start to 2019, the tech-giant is anticipated to set the bar higher, but pitfalls could still lie ahead, […]
Amazon earnings is the key release to watch today – Stock Market News
Jeff Bezos’s famous Amazon.com will be among the highlights this week as the world’s second most valuable company by market capitalization is expected to report its Q2 financial results on Thursday after Wall Street’s closing bell. After a stellar start to 2019, the tech-giant is anticipated to set the bar higher, but pitfalls could still lie ahead, […]
Technical Analysis – US500 Index retests and pushes through previous all-time high
US 500 stock index after retreating last week, began a sure but steady move to revisit the all-time high of 3019, and currently is climbing above it. The price found support at the Tenkan-sen average, and the moving averages are headed higher holding the price above them. The momentum indicators suggest a quick reload necessary […]
Technical Analysis – US500 Index retests and pushes through previous all-time high
US 500 stock index after retreating last week, began a sure but steady move to revisit the all-time high of 3019, and currently is climbing above it. The price found support at the Tenkan-sen average, and the moving averages are headed higher holding the price above them. The momentum indicators suggest a quick reload necessary […]
CADJPY has been moving within the 61.8% Fibonacci retracement level of the downward wave from 89.25 to 76.60 near 84.40 and the 23.6% Fibo of 79.65 after the bounce off the two-year low of 76.60 on January 3. In the medium-term, the pair has been remainED below a descending line, suggesting a somewhat bearish structure. […]
Technical Analysis – NZDUSD continues selling interest; next support at uptrend line
NZDUSD is on course for weekly losses, dropping into the Ichimoku cloud and creating a ten-day low around 0.6685. The RSI in the 4-hour chart continues to drop in the bearish area, while the red Tenkan-sen keeps moving below the blue Kijun-sen line, increasing chances for a meaningful selling interest in the short-term trading. Also, the stochastic oscillator entered […]
Between 6th and 20th July no less than four XM educational events took place in various Malaysian cities, where professional forex instructors Mohd Helmi Izani and Zulle Razak initiated seminar guests into the use of specific online investing techniques. Two different seminar topics were presented simultaneously, in two cities at a time: on 6th July […]
Technical Analysis – Silver aggressively rallied upwards; takes a breather near highs
Silver advanced fiercely from July 9, towards a thirteen-month high of 16.635 and currently stands at a temporary stall, while buyers try to regain the reins in the short-term. Price is way over the Ichimoku cloud, and its Tenkan-sen average points north confirming the positive bias, whereas the Kijun-sen indicates the present stall. The 50-day […]
Daily Market Comment – Euro skids lower ahead of ECB; pound lifted by Johnson spending pledge
Euro struggles near two-month lows as ECB decision is awaited Pound bounces higher after new prime minister signals big spending increases US dollar clings onto gains as Wall Street hits another record and trade talks make headway Euro mired by Eurozone doom and gloom Following yesterday’s poor Eurozone PMI readings, there was little support for […]