Since the high on May 12th, the Aussie has been giving back its gains to the weaker Kiwi. Price has now retraced the rally from the 4.21 low @ 1.0039 and 5.12 high @ 1.0882 near the Fibonacci 38.2% retracement level @ 1.0557. This level coincides with a long running balance line rising across the chart. After nearly striking this price level, price reversed,...
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro. From a technical standpoint, the long term support line appears to be broken. The 20v 50 day cross-over suggest momentum will be downward sloping. Bearish MACD cross-over is not a good sign. RSI may be over-sold but the down-trend...
The downward channel broke severely to the downside this week after KORS plummeted an additional 25% post-earnings. I think the multi-year lows of ~35/36 will be tested if not breached. Even if the stock is slightly oversold in the very near term, the trend on the technicals is pretty clear. Fundos- After a dismal earnings release and a 25% drop in the price...
Copper (19.05.2015) finally providing some directional momentum after spending more than 3 weeks in range. Now copper is trading around $2.8626 & as we can see on charts , after spending more than 10 trading session , finally copper providing a downside breakout with aggressive volume. The reversal coming in copper is from 61.8% fibonacci retracement level as...
You are looking at a DAILY chart of CYBR. Although I like to use weekly charts in my posted ideas, CYBR recently ipo'd and therefor the daily chart will work just fine for this idea. Please remember that daily charts will give us buy & sell signals that may not last as long as the signals on weekly charts. So keep your eyes on your money... Cyber Security. ...
You are looking at a WEEKLY chart of BBRY. Since my last published idea on this stock I made a couple slight adjustments to the chart. 1) I added "many false breakouts" to the Recent Resistance label 2) I added another uptrend line and adjusted the one that was originally there 3) I removed all the "mystery chart" stuff since the game was over as quickly as...
The selloff in the Kiwi has been stunning over the past few weeks, but I think it may be overdone on the higher forex timeframes. Is EUR/NZD the best way to play Kiwi long again? The setup is pretty simple. The market has bounce back up to the 200 day moving average, which happens to line up with several different technical arguments that could possible draw in...
Here we have a daily chart setup of the Euro against the US Dollar. The pair is trending in a downtrend so we will be looking for shorts. Confirmation of the downtrend is price currently trending below the 200MA. You can see rejection off of the downtrend-line. At that rejection point you can also see a bearish Evening Star pattern formation followed by a pullback...
While much of the world struggles with debt management (EU & Greece), falling commodity prices (Russia & Australia), or political gridlock (USA) New Zealand quietly grows their economy and with the highest Fed Funds rate of any popularly traded currency. Today's data point: New Zealand Business Confidence which rose to 35.8. This rise marks the fifth consecutive...
We flipped from a deep red to green today on decent volume. I imagine we gap up tomorrow and test somewhere halfway up yesterday's (March 25th) candle which will decide if we continue higher or lower. Don't be surprised to see more sideways action in the form of a falling wedge or flag over the coming days or weeks. IF we gap down tomorrow then the 150dema is on...
Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...
A complex correction setting the base for a move down to wave Y to complete the WXY pattern. The complex correction should form the basis of primary wave 2. From here there are technical grounds for upward currency exchange rate trajectory. You may review the following for detailed fundamental analysis: technical-forex.com
The business cycle has become a simple fact of economic life. This is so for two reasons: 1) human psychology and 2) central bank interference in the global economy. The Federal Reserve's and European Central Bank's responses to the 2008 financial crisis created asset bubbles in the West, and failed to resolve the solvency problems of the European Union....
Due to QE, the EUR is going down, the major level for EURGBP is 0.6700, where the price can get to, but however, no one has cancelled a use of SL's. Sell Stop Set UP (short term) - 0.70600, SL above 0.70800 Target 0.7000 Sell Limit at 0.70875 Target 1 - 0.7050, Target 2 - 0.7000
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
-You can see currently in an uptrending channel. -Looking at only bullish moves on this pair. -If break of 1.5600 level will lead to 1.5800
In 4h TF eur/jpy pair breakout triangle in upward mode. I think, its good opportunity to Long position in this pair from 135.050. That's it, best of luck.
This trading idea for aggressive C entry near 38$, was sent to the members in their weekly file. Since than, $TWTR rallied over 20%! On its way to 64? 70?