BABA broke out of its support-turned-resistance line at 130.75 (23.6% Fibonacci retracement) where it could potentially fall further to its support at 120.03 (61.8% Fibonacci retracement, horizontal pullback support). Ichimoku cloud is also showing signs of downward pressure.
TSLA bounced nicely off its support at 314.19 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 352.55 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is bounced off its support at 3.3% where a corresponding rise could occur.
TWTR is testing its support at 27.21 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 31.89 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.06% where a corresponding bounce is expected.
RYCEY is approaching resistance at 11.94 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 9.52 (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 99%.
AA is approaching its support at 25.63 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 33.33 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 3.5%.
The YEN continues its bid as the USD slides into the FOMC announcement. The H4 chart triggered lower under the key 20 SMA and 113.30 zone yesterday, breaching the more significant 200 SMA and the psychological 113.00. Another 70 pips took the pair significantly below the 112.50 support zone to once again test 112.30 and the November low. A Dovish FED...
Yesterday we looked at 112.50, 30 and 111.80 as zones to watch on the H4, USDJPY . On the the Daily chart the key 50 and 61.8 Fib levels sit at 112.20 and 111.65 respectively. The Oscillators, RSI at 39 and Stochs at 21 sloping down and looking heavy - Risk Off sentiment aids the JPY bid - All eyes now on the FED at 19:00 GMT, over to you Mr Powell.
Yesterday, the UK's largest Pharmaceutical company, GSK announced pans to split in two after spinning off its consumer product unit into a joint venture with US rival Pfizer. Shares in GSK closed 3.8 per cent higher in London while Pfizer shares were down 1.01% in NY. www.ft.com The US drug makers' stock remains vulnerable to wider equity market weakness...
BABA is approaching its support at 134.13 (100% Fiboancci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where price could potentially rise to its resistanace at 148.70 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 1.7% where a corresponding bounce could occur.
APPL is testing its support at 162.52 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 182.43 (horizontal overlap resistance). Stochastic (89, 5, 3) is testing its support at 1.9% where a corresponding bounce is expected.
TSLA is approaching support at 314.19 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially rise to its resistance at 352.55 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support at 3.4% where a corresponding bounce could occur.
COKE is approaching support at 185.75 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially rise to its resistance at 219.52 (76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 1.22% where a corresponding bounce could occur.
By Andria Pichidi - December 18, 2018 NZDCHF presents similar action to NZDUSD, as the pair rebounded from December’s lows and is currently up by 75 pips. NZDCHF holds strong Support at the 200-day SMA since November 7, at 0.6740. Meanwhile, the fact that the 50-day SMA is sloping to the upside since October, while 200-day SMA has flattened the past month,...
AXP is approaching support at 100.18 (100% Fibonacci extension, 76.4% & 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 104.78 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support at 8.06% where a corresponding bounce could occur.
ADDYY is testing its support at 105.41 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 113.56 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 2.01% where a corresponding bounce could occur.
S&P500 is approaching its support at 2553 April's low , 61.8% FIb extension for December) where if sustains above this hurdle, it could potentially rise to its resistance at 2600-2630 (FE100 November retracement , 7-week Support). RSI is at 33, approaching its oversold barrier where a corresponding bounce could occur. Andria Pichidi Market...
This mornings data releases helped lift EURUSD to session highs at 1.1349 in to the significant resistance zone at 1/1348-55 (R1 and the 200-period moving average) . Initial support is the daily pivot and 20-period moving average at 1.1313, the psychological 1.1300 and the lower Bollinger Band and Friday’s low at 1.1269. The EUR also got some seasonal cheer...
GS is approaching support at 171.75 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 209.46 (horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support at 3.1% where a corresponding bounce could occur.