GBPJPY like all the Sterling crosses has had a Brexit induced week. Monday and the 139.00 level was breached, Tuesday the Daily candle broke above the 20-day Moving Average fro the first time since November 15 breaking a 42 day, 534 pip downtrend which was nice if you were trading the Moving Average rule. Wednesday we breached 140.00 and...
The Kiwi was the star performer overnight with the Japanese Yen the big loser. This is clearly demonstrated by our Traders Board currency strength tool goo.gl The Traders Board provides a simple “heads up” of currency strength, over two specific time frames; either the current trading day (24 hours) or the previous 5 trading days. It was the strong showing...
AXP is approaching its resistance at 110.57 (100% Fiboancci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal. Stochastic is approaching resistance as well and a bearish divergence with price has been identified that contributes to our bearish bias.
ADDYY is approaching its resistance at 118.04 (61.8% Fiboancci extension, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reversal. Stochastic is approaching resistance as well where a corresponding reversal could occur.
BABA is approaching its resistance where a reversal could occur. Stochastic is approaching its resistance as well where a corresponding reversal could occur.
COKE is approaching its resistance where a reversal could occur. Stochastic is approaching its resistance as well where a corresponding reversal could occur.
Front-month WTI futures are near flat at $54.20, earlier printing a 7-week high at $54.39. USoil broke the round $54 and is approaching 3-month resistance at $54.60. the next level to be watched is the $55.60 ( 38.2 Fibonacci retracement where a reversal could occur). RSI is sloping positive, by approaching overbought barrier, something that indicates further...
CPB is approaching our first resistance at 36.74 (horizontal pullback resistance, 50% Fibonacci retracment, 100% Fiboancci extension) where a reversal could occur. Stochastic is also approaching resistance as well.
ITW is approaching our first resistance at 140.10 (horizontal swing high resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) where a reversal could occur. Stochastic is approaching resistance as well where we might see a drop in price as it reacts off this level.
USD500 retests the confluence of R1 for the day from PP analysis and the 50-day MA, at 2626 . Meanwhile R2 is placed at 161.8 Fibonacci extension from the rebound seem in December. Hence a break above this area , 2626-2640, could shift the asset further to the upside , towards the next Resistance levels, at 200.0% Fib. extension at the round 2700 and the...
USOIL prices are down over 2% at $51.20, extending a correction from yesterday’s four-session high at $52.52 . The decline was in line with a slide in global stock markets amid persisting concerns about the global economy and trade tensions and then extended on the latest OPEC production report, which showed that production had fallen by the most in two...
HSBC is approaching resistance where a reversal could occur. Stochastic is approaching resistance as well.
AMZN is approaching its resistance where a reversal could occur. Stochastic is approaching resistance as well.
EURUSD H1 trade below the 5, 9 and the key 21 EMA. Yesterdays low at 1.1375 has already been tested this morning and next Support is S1 and the lower Bollinger band at 1.1370 , S2 at the psychological 1.1350 and the H$ low. January 2019 low is 1.1310. The Daily Pivot sits just shy of 1.1400 at 1.1397 and the R1 level at 1.1420 needs to be breached for a...
BAC is approaching its resistance where we expect to see a reversal down to its support.
GOOG approaching resistance where we expect to see a reversal to its support.