APPL is approaching its support at 162.52 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 185.73 (horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.94% where a corresponding bounce could occur.
Yesterdays $1242 support breached fro XAUUSD as we dropped to the key $1235 level earlier and the Daily Trend Line support from the November 14 low sub $1200.00 . USD continues to catch a bid as U.S. Retail sales beat estimates via upward revisions, with the largely expected lean November retail sales gains of 0.2% for both the headline and ex-auto...
BKIAE sees strong resistance at 3.02 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where price could potentially reverse from back down to its support at 2.68 (horizontal swing low support). Stochastic (55, 5, 3) is making its approach to its resistance where a corresponding reversal could occur.
BBVA is approaching its support at 4.551 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially rise to its resistance at 4.832 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 2.91% where a corresponding bounce could occur.
European stock markets struggle ahead of ECB decision. The stock rally in Asia that was underpinned by improved confidence on U.S.-Sino trade talks failed to give a lasting lift to European markets, with GER30 and UK100 unchanged from yesterday’s close. Investors remain cautious ahead of the ECB decision and the EU summit, where UK PM May will be trying to get...
GER30 also riggered our attentioon, as in contrast to UK100, GER30 already crossed the 50% Fibonacci retracement level set since 2016 low. This along with the fact that the pair is sloping below 200-week SMA for the 5th week, adds further negative bias to the asset. In the long term, the next Support area is for the asset is at 10400-10570, which coincides with...
The rally in GOLD (XAUUSD) has stalled at $1246 as it proves too strong, so far this week. The leg down to 1242 and the key Daily 200 MA and S1 at 1242 could prove important. The H1 is consolidating at these highs waiting for direction. ECB and a quiet US data session to come, direction is likely to come from the bid on the USD. Nice 'ol channel up here.
TWTR is approaching its resistance at 36.93 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 30.35 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
VWAGY is approaching its resistance at 17.908 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 15.791 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
UK Prime Minister will face a no confidence vote in her leadership between 6 and 8 PM London Time (18:00 and 20:00 GMT) with the result known, probably, by 21:00 GMT (NY close). She will need to win a simple majority of the 315 Conservative Party members of parliament, so 158. The vote has been triggered by the support of at least 48 (15%) Conservative MPs, the...
BAC could pullback to its resistance at 26.24 (61.8% Fibonacci extension, 38.2% & 23.6%, horizontal pullback resistance) where it could reverse down to its support at 23.04 (100% Fibonacci extension, horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure that contributes to our bearish bias.
COKE reversed off its resistance at 221.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 198.06 (23.6% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching resistance at 99% where a corresponding drop could occur.
Today’s US PPI report revealed slightly stronger than expected gains in November of 0.1% in the headline and a 0.3% in the core index that left y/y readings at 2.5% and 2.7%. The rise reflected a 0.3% gain in services prices but a 0.4% decline in goods prices, with the latter depressed by a 5.0% decline in energy prices that included a 14% plunge in gasoline...
The NZDCHF appears to have some upside potential as the 9-period MA is currently approaching the 20-period Bollinger Band MA. If it crosses it, the next Resistance level appears to stand at 0.6844 , with another strong Resistance at 0.6867 . In the event that is does cross the Bollinger Band MA, the it is expected to move down with next Support level...
EURCHF, H4, Daily and Weekly EURCHF dropped sharply to a two-and-a-half month low at 1.1226 , breaking Support at 1.1260-61 on route. The losses reflect Brexit-related angst after UK Prime Minister May postponed the parliamentary vote on the EU Withdrawal Agreement, which generated confusion and increased the perceived risk of a hard, no-deal Brexit...
The combined stellar Canada jobs report, the softer US employment outcome but more significantly the rebound, or at least steadying, in oil prices after OPEC agreed on a 1.2 mln barrel per day output cut, have fostered a corrected USDCAD. Another interesting pair is AUDCAD, which failed to form a bearish rounding top in the daily timeframe, as it rebounded...
AA is approaching its support at 25.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 33.89 (23.6% Fiboncci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support where a corresponding bounce could occur.
AXP is approaching its support at 100.78 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise up to its resistance at 105.12 (38.2% Fiboncci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.