KeytoMarkets

KeytoMarkets

EURNZD: manage to hold the parallel support, a break would trigger a downgrade. Wait for 1.6330-1.6300 its 200MA (Weekly) <1.6200 50MA (Monthly). Daily indicators are remaining bearish. Resistance 1.6700-1.6720>1.6850

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We favor a dovish RBNZ today. The cross could rally further higher towards the first resistance at 1.0670 before meets 200MA at 1.0750. This view is valid until holds 1.0395

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RBNZ may turn dovish in today's (Wed, 2.00pm local time) policy meeting As long as 1.6720 is supporting, watch out for 1.6940 and 1.7000/1.7030

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As long as 141.80 is supported, watch out for 143.00/143.30 and 143.90

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Three days of consecutive fall in the cable dragged the price to its pivotal level at 1.2920. Today the GBPUSD opened at 1.2930, made a high at 1.2960 before retracing back to 1.2930. The cable manages to hold the pivotal 1.2920 for three straight sessions and is on track to test the 100MA at 1.2890 if the price falls to maintain the pivotal. Before the BOE...

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EURUSD volatility is very low over the past few months, but recent Fed’s dovish turn could be the catalyst for euro bulls. The technical landscape for EURUSD hasn’t changed since mid-November 2018. The price recouped from 1.1215 and managed to breach the narrow range in early January 2019. Since then the new range is capped by 200MA. We believe the return of the...

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5.1300 is major support – a break would trigger a downgrade. Flip side, if holds 5.25 and 5.36 are the targets. The daily indicators are a bit positive.

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This week AUDUSD, GBPAUD, and GBPUSD will react to the upcoming Central bank meeting, especially GBPAUD. We expect both the banks keep the interest rates steady. Given the recent Central Banks dovish turn the Fed and ECB, we focus more on RBA’s language. The cross has been consolidating in a tight range between 1.8510-1.7610. Ahead of the RBA and BOE monetary...

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Selling pressure remains very strong, an interesting trendline (descending) is still in evidence in the daily chart. USDJPY price is steady on Asia session today, having earlier rejected at 20MA. The four-hour chart setting is negative. The price action was peaked ahead of the extreme dovish Fed meeting. The weak daily RSI and the bearish turnaround of the...

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USDMXN: Recovers from intra-day lows, spotted with a double bottom pattern and consolidating in a rectangle. The daily indicators are extremely bullish. sustained trade above 19.30 will resume the upmove taking the cross higher towards 19.45 and 19.60 in the near term.

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As long as 0.2425 is support look for 0.3050, 0.3350 and 0.3750

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Today’s data highlight is Australia Q4 CPI in the Asian session, but it is not a catalyst for AUDUSD.. Another round of US-China trade talks and FOMC meeting are the key drivers Ahead of today’s data and event risk, I discuss technical overview for AUDUSD, AUDJPY, and USDJPY in this article. As traders remained cautious ahead of the data and event risk the...

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EUR crosses running to an area of support zone, break down would trigger a downgrade. After the ECB’s Draghi comments, EURUSD fell sharply but held the support zone. EURGBP was the biggest loser down over 1.50%, followed by EURUSD with 0.80% in this week, so far. The immediate crucial support zone could be found at 1.1300-1.1260, if it breaks focus shifts to...

KeytoMarkets

Gold likely to remain rangebound till support of 1276.70$ holds Gold is likely to trade in a tight range due to global growth concerns. The yellow metal traced out a near-term top near 1298-1297$ in early Jan 2019 via the formation of a double top pattern. While the resulting downtrend stalled on Tuesday, the ensuing corrective phase has just come to an end as...

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Buy the breakout,above 110.00 could rally towards 111.00/111.30. Support : 109.00 and 108.70

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GBP traders may need to see what the outcome of the Parliament Brexit votes before chasing a move in EURGBP. Today in Asia, GBP is trading 0.15% higher against EUR. Looking at the weekly EURGBP chart, the cross traced out a medium-term price top near 0.9100 in August 2018-2018 via the formation of a double top pattern. The downtrend is set to reassert itself as...

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USD well bids against Try , USDTRY up 1%, on the VERGE OF A BULLISH BREAK. In case of a break out, watch out for 5.5950 and 5.7100. Sup 5.4700 and 5.40

KeytoMarkets

Copper: Buy the beakout favors the current trend A move above 2.6790 could rally towards 2.7000 and 2.7180