--Currently, the XLF is trading at a significant support level at 22.22s. The last time it broke this level was at the beginning of the year with significant recession risks.
-- If the XLF trades above this level, this indicates a short-term bullish outlook to the mid 20s. Could test the prior highs, especially if ...
--- With the world's most powerful central banks implementing negative rates, it's not good news for the markets
--- S&P 500 Index's support shows 1820s, any close below that level would lead us down to 1600s
--- We could be looking at the 2009 break out levels for the next level of support at 1600s or at (.618 FIB ...
So far this pair has been following a clear down trend. As long as it stays within the pitchforks it should continue its trend to the downside. it might be looking to retrace at the .618 FIB level as the RSI conditions look to be very oversold, we could see it pop to .6550s before continue further down.
- Target ...
NZDUSD pair is looking to be stuck within a range over the next few weeks. With the RBNZ cutting their interest rates, the recent rally with the New Zealand Dollar should be met with some resistance around the 1.27 extension (.6870s) with the red highlight bar. This pair could be retracing and would finally move ...
This is my long-term outlook for the EURUSD pair. The green bar used to be the demand zone, but we can the price has broken through this area and we see this pair moving lower. The arrows indicate what I think would happen over the next few weeks.
Current Support : 1.070s ---- I'm thinking we might ...
This is my long-term view on the NZDUSD. We might see this pair trade in a tight range over the weeks.
It seems to be trading around .6780s to about .6640s
Support looks to be around .6630s major breaks through this level could be a long way down below. Target could be .6490s at the .382 FIB level.
Strong Major ...
After a double bottom at .6700s, the KIWI has been showing a strong indication that it will likely go higher over the next few days. My prediction is indicated by the green arrows.
Minor Resistance at around .6850s a breakthrough would lead to .6780s to around .6900s
Strong Resistance at around .6900s
In my opinion, this pair is retracing at the .618 FIB and looking for another leg higher at the 1.27 extension at about .6970s. The trend seems to still be intact as you can see on the parallel channels.
Please follow me and add some insight!
Levels to watch :
Resistance : .6640s
Support : .6600s
Break around the .6600 support level would send the price down to about .6530s
Break above .6640s would send it all the way to .6670s. From my point of view, this is retracing while seeking higher levels
Just looking for some thoughts.
I think today, this pair tried to break through 1.13 but got rejected and traced back down to 1.12 and seemed to hold it there with an inverted hammer candle stick with the 1hr chart. The red arrows are my predictions for next week's move.
Resistance is strong around ...