The price of gbp/jpy broke the support zone. The one identified by the EMAs 20 and 200 periods and by 50% of the Fibonacci retracement, on a daily time frame. Violating the whole area between 145.60 and 145.00 and confirming the closing below it, the price will continue this downtrend. The next target that coincides with the first key static support is at around...
Global Central Bank Interest Rates of Major Central Banks Made using Quandl
check out my chart, i dont really have much of an insight other than a couple bounces in a downward channel coupled with the political economic atmosphere and the fed meeting in two week, i think there is ample opportunity for a huge up swing if fed cuts rates. Time to front run the trade my friends.
The price of usd/jpy is not able to break up the static resistance. This because of the macro scenario we can find around the us economy. We can find the minor one around 111.90. From here it is channeled again into a very short/short-term downtrend. That should bring it back to test the dynamic support area. As this movement is one of the most common in this...
The price returned to test. The price returned to test the medium term key support at 123.8. If it were violated to the downside with closure below it would be a strongly bearish scenario. This would immediately lead it to the next static support at 122.6. Within a couple of sessions then could try to break it down. The pair could reach the next support area at...
We have some important updates here on Gold after the previous chart (see attached: "Large triangle forming...?"). It is now clear we are in the final leg of an ABC sequence. It is time to start paying attention to the Gold chart over the coming weeks, there is a very strong argument to be made for a top being formed here. This can retrace as much as 1255 here...
In line with other major global index, in the short term there is a retracement even by Italian index. The price reached the resistance area between 21450 and 21550 points. A break on the upside would have led to a continuation of this uptrend up to the next resistance zone located between 21700 and 21900 points. A rejected, ( because as we said "In the short term...
In line with other major global index, in the short term there is a retracement even by Italian index. The price reached the resistance area between 21450 and 21550 points. A break on the upside would have led to a continuation of this uptrend up to the next resistance zone located between 21700 and 21900 points. A rejected, ( because as we said "In the short term...
Macro view The market expected that the FED on this occasion would not change the value of the interest rate. This had already been discounted in previous sessions. At a fundamental level, the US economy is undergoing a slowdown due also to the shutdown and this, together with the unclear monetary policy, is causing uncertainty. Investors want to see if this...
Just posting to display a couple interesting graphics together. Today the FED announced that there will be no rate hikes in 2019. I think it's interesting that the FED did something similar exactly a year before the 2007-2008 crash.
Target No rate hikes and this is the effect on the eur/usd pair: the price is heading towards the resistance area placed at 1.14.So what will happen in the fed? No rate hikes today. The American interest rate will be published, which will almost certainly remain unchanged. It is very likely that the euro will strengthen further against the dollar, moving between...
The price is about to reach a key area of resistance to determine the trend in the very short term: between 58.80 and 59.70 a barrier has formed which is a watershed between a further climb of another 6 dollars towards the area between the $ 62/64 per barrel, or a retracement to the support at $ 52.20. The fundamental scenario that is taking shape is quite clear:...
The Coffee and the dollar The price is above a key support zone, between approximately 96.4 and around 95, it fails to recover because exports are in sharp decline as the currencies of the exporting countries are affected by this devaluation against majors like the US dollar, tending to limit sales so as not to lose too much. All of this, has caused exports fall...
I like this name because of its massive dividend yield. This isn't uncommon in REITs, but TWO carries one of the larger yields in the industry. Their financial statements are healthy and the primary risk here is the state of interest rates in the US. My harmonic analysis shows two sin waves: a red and a pink. The red represents a macro trend wave and until the FED...
Up and Down The price having started going upward to test the resistance placed in area $ 1350 has created a series of sales which brought it back down again, with a retest of the static support located at 1280 $. Both technically and fundamentally the scenario has not changed: the trend remains bullish and would be invalidated in the medium term only if the...
Market is currently around a number of support levels ranging from 2.796% and 2.514% => This area is going to be very difficult to break because it also includes the uptrend which started from July 2016. Here it is worth pointing out that the market has seen the leg lower via the ABC count. Consildation has kicked in for a lengthy period of time and we are set...
Something is moving American index are still in this uptrend that we have exploited in past sessions by positioning ourselves on a long trade. So far, the SP500 price is reaching its resistance area around 2820 points: from here it is very likely that an important retracement can start if the price does not breach this key level and confirm its breakdown. ...
Price movementIn In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a...