Technically, in the medium term, Facebook remains in a downtrend channel despite the peak seen after it posted its earning report yesterday. However, the fact that the share holds a strong floor above the 23.6% of the losses seen since July 2017 turns the near term outlook to positive one. The 20-week Moving Average, which coincides with 23.6% Fib. level, was...
Gold and Silver, Daily & H4 Gold Futures soared to fresh eight-month highs of 1,323.00 from near $1,308, after the dovish FOMC statement, which removed the reference to further gradual rate increases, resulting in a fresh round of risk-on, and a lower Dollar and Treasury yields. Today marks the fourth straight day of higher daily highs, following the January 18,...
BABA is approaching its resistance at 167.32 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal to its support at 150.41. Stochastic (55, 5, 3) is approaching resistance where a corresponding reversal could occur.
MCD approaching support at 178.88 (100% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 185.08. Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
BP is approaching its resistance at 41.45 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where we expect to see a reversal to its support at 39.14. Stochastic is approaching resistance where a corresponding reversal could occur.
GOOG approaching support at 1042.61 (61.8% & 100% Fibonacci extension, 50% Fiboancci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1090.65. Stochastic (89, 5, 3) is also approaching support where a corresponding bounce could occur.
AMZN is approaching support at 1610.12 (61.8% Fibonacci extension, 23.6% Fiboancci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1707.10. Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
AA approaching support at 27.70 (61.8% Fibonacci extension, 50% Fiboancci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 29.17. Stochastic (55, 5, 3) is also approaching support where a corresponding bounce could occur.
The USDZAR closed on Friday (January 25) at 2019 lows and below a key support level ( 13.7000 ), having already breached the 200 EMA (13.8200) earlier in the week. The next test will be the intra-day low of 13.5355 (December 4) . Below here is the key 61.8 Fibonacci level (13.1000) from the 2018 low-high trend. 12.500 is the May low and 76.4 Fibonacci...
COKE is approaching its resistance at 217.4 (100% & 61.8% Fiboancci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal to its support. Stochastic is approaching resistance at 98% as well where a corresponding reversal could occur.
is approaching its resistance at 1123.5 (100% Fiboancci extension, 50% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal to its support. Stochastic is approaching resistance at 95% as well where a corresponding reversal could occur.
APPL reversed from its resistance at 157.90 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall further to its support at 148.21. Stochastic has reversed near its resistance as well where a corresponding drop is expected.
TWTR is approaching its support at 27.17 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 33.31 Stochastic (55, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur.
Following the worse than expected Euro Area PMIs and the just-announced improvement in US Job Market, the EURUSD moved 75 pips since this morning and is currently trading at the vicinity of 1.1310 (Fib. 100%) Support level. The pair has broken below the long-term moving average and the middle of the Bollinger Bands early today and the Dollar has since continued to...
RYCEY is approaching its resistance at 11.66 (61.8% Fiboancci extension, 50% Fibonacci retracement, horizontal swing high resistance) where we expect to see a reversal. Stochastic is approaching resistance as well where a corresponding reversal could occur.
BAC approaching its resistance at 29.35 (61.8% Fiboancci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal. Stochastic is testing resistance as well where a corresponding reversal could occur.