NTFX bounced off its support at 251.20 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 331.33 (61.8% & 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) bounced off its support at 4%.
Of the main assets we monitor, the NZDCHF is the longest trending currency pair and the Oil pairs the longest trending commodity. A lot of column inches and many analysts spout the Oil trend but other, less popular assets can trend equally as well. The NZDCHF is a great example. Both the Oil markets (USOil and UKOil) and NZDCHF look to be closing the week and...
The three day rally in the world's most important stock market (S&P500) stalled yesterday, falling 0.22% to 2737. The strong candle on Wednesday following Governor Powell's more Dovish than expected speech, closed north of the key 20-day moving average. However, following two 10% corrections this year the even more important 200-day moving average remains vital. ...
Coke tested its resistance at 221.74 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) and reversed towards its support at 185.83 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) has reversed off near its resistance at 99% where a corresponding drop could occur.
BABA tested resistance at 160.08 (100% & 61.8% Fiboancci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where price could fall to its support at 143.11 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is testing its resistance and a corresponding drop could occur.
Sterling is back under Brexit-related pressure, presently showing declines of just over 0.5% against both the dollar and euro, and by 0.8% in the case against the outperforming yen. Cable has printed a low of 1.2756, which reverses most of the rebound gain the pound saw yesterday, with the post Powell high of 1.2849. The BoE's warning of a significant negative...
HSBC bounced off its support at 36.98 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 46.16 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) has bounced off its support at 2.4% where a corresponding rise could occur.
Adidas ia approaching it support at 110.52 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 118.61 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.2% where a corresponding bounce could occur.
USDJPY, H4 By Andria Pichidi - November 28, 2018 Yen softness has been the main theme so far today, with most Dollar pairings remaining in narrow ranges and comfortably within yesterday’s ranges. USDJPY is trading firmer, concomitantly with a rise in global stock markets, with the pair posting a 2-week high at 113.90, which was seen after Trump threatened to...
Apple is approaching resistance at 182.31 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 162.52 (horizontal swing low support). Ichimoku cloud also shows signs of bearish pressure.
Hilton is testing resistance at 75.19 (61.8% Fibonacci extension, 50% Fiboancci retracement, horizontal overlap resistance) where it could reverse down to its support at 70.25 (50% Fiboancci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching resistance at 96% where a reversal could occur.
Fed VC Clarida supports the gradualist policy trajectory in his speech on Data Dependence and U.S. Monetary Policy. Such a stance allows the FOMC to accumulate more information, as the Fed updates its estimates of the “uncertain” neutral rate. He also stated that rates are “much closer to the vicinity” of neutral than when the Fed began hiking. He noted that rate...
BAC is approaching support at 25.81 (61.8%& 100% Fiboncci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 28.77 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching support at 3.4% where a corresponding bounce could occur.
Goldman Sachs is testing support at 190.47 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 230.72 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is testing support at 3.5% where a corresponding bounce could occur.
The EU-27 approved a deal on the UK's divorcing terms and future relations (the latter or which has been left sketchy and subject to a lot of further debate in a transition period), stating that it is the "best and only deal possible," and would pave the way to an "orderly withdrawal." UK Prime Minister May is now trying to sell it to parliament and to the public,...
By Andria Pichidi - November 22, 2018 EURNZD, H4 and Daily EURNZD has ebbed back above 1.6700, with the Kiwi declining concomitantly with a fall in stock markets area in Europe and as US futures are also under pressure. A negative close on China's equity bourses, where the SSE index finished with a 0.23% loss, was also a bearish cue for the Kiwi given the...
By Andria Pichidi - November 22, 2018 As US Markets are closed for Thanksgiving day, APPLE closed lower yesterday by $2.76. Apple is approaching its immediate support at 175.53 (20-month SMA) where it could find some support and could potentially rise in the short-term to its immediate resistance at 185.23-185.60 ( area between 61.8% Fibonacci extension and...
MSFT bounced off its support at 11.63 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 109 (76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 18%.