USDCAD is currently in an ascending channel, mostly due to falling oil prices and positive US jobs data. I believe we might see further gains tomorrow, but the exchange rate should fall in the medium term. Here are the main reasons: 1) At the moment, CL1! is at the lower limit of a multi-week descending channel. Indicators show it is oversold, so it will likely...
NZD/USD made extraordinary gains despite signs of strengthening in the US economy from the positive non-farm payrolls report. This may be attributed to two facts: 1) Although extraordinary, the June report was an outlier, especially when compared to the disastrous May report, and may not reflect actual US economic conditions. 2) The New Zealand central bank...
the whole (W) (X) (Y) combination correction looks like a double flat.
Technicals Here we have a Gartely pattern (shaded grey) that suggests a mid-term rebound. From the blue Gartely pattern, we can expect this rebound to last into the $36/37 region, where we can then short the market due to this bearish pattern. Fundamentals The oil market is in quite a confused state at the moment. Supply and demand dynamics suggest no return...
Very symmetric cypher pattern completing at 78,6% Retracement as shown. Consider your Risk before taking this trade. Targets are 38,6% and 61,8% Retracements from C-D Good trading.-Felix
The chart above shows assorted real estate stocks, they aren't cherry picked and were random (except RAIT Financial), but you can see the trend. Get the hell out of real estate. Seriously if you have any real estate or RAIT stocks it is a great time to sell. This housing market has gone nuts from the years of 0%. Rental vacancy rates are at a 30 year low and...
Simple is easy and has a better understanding ! Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525. Good Luck !!
As the fundamental situation is changing I am looking to join the new up trend building. RBNZ last year was rising rate and now they are thinking to cut, on the other hand RBA after the last cut is becoming more neutral. Technically this cross has made a new higher high coming from an all time low, at the moment it looks too stretched and in need of a technical...
Looking at a 60m chart, we can see a lot of resistance at the $235 area, so I think the price will at least retrace that far, then we will have to look for signs of either a bullish trend break or a continuation. The short term trendline looks very steep and is bound to be broken soon, but whether the bulls can hold this trend depends on the intersection between...
EURUSD is in a long term corrective retracement in a abcXabc pattern. The last c wave is an impulsive one and could extend to the 1.11-1.12 price level. This the result of the last AB fibonacci extension with the 100% key level (A=C). It is interesting to note that if price achieved 1.11 by june 2015 we would get an AB-CD harmonic pattern which is a reversal figure.