The Euro-Yen pair continues its downwards trend from a peak of 124.90 on Friday, currently trading at 124.00. The Euro declined on account of weaker than expected data releases, as Industrial Production declined by 1.7% m/m in November, compared to expectations of a 1.5% decline. Furthermore, the expected rejection of the EU Withdrawal Agreement by the UK...
Reuters reported this morning that two of the UK's leading Fund Managers (and Brexit Supporters) now expect the UK will NOT to leave the EU and are positioning themselves accordingly. - uk.reuters.com Meanwhile, Sterling continues to feel the stress of Brexit - The Guppy (GBPJPY) in particular weighs - 139.00 - is channel top and 137.60 low , Fib...
By Andria Pichidi - January 11, 2019 The Australian dollar along with New Zealand Dollar have be the biggest movers in Asia session today, showing gains versus the Greenback and Yen, and a 0.9% advance against the Swiss franc. NZDUSD has also ascended into 3-week high terrain, at 0.6825. NZDUSD remains above 0.6800 level, into European open, after breaking the...
TSCO is approaching its resistance at 227.8 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 207.8 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
NFLX is approaching its resistance at 329.65 (61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 292.65 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AUDJPY retrace more than 50% of December’s losses, after falling dramatically to its low area first established in 2009, at 70.60, last Thursday. The pair is for a 3rd coscecutive day above 50% Fib. level and the 77.00 level. Momentum indicators are still negatively configurated, showing that the overall weakness of Aussie does not seem to have faded yet....
Oil broke the key $ 50 level and is currently challenging the R1 from Pivot Point analysis at 50.37 . Hopes for a solution to the US-China trade impasse, along with OPEC+ production cuts, which are beginning to make a mark on supply levels, have been the drivers this week. Daily momentum indicators indicate that there are some bulls that could keep the price...
The resurgence in the Gold price (XAUUSD) in the last month has been a story of a trend winding itself up. The break of $1235 a key resistance and 38.2 Fib level, was the first step, the 200-day MA and psychological $1250.00 came next and proved more resilient. But a strong breach of this level December 20 , only stalled for 2 days at $1265 and the 50.0...