dmoss94

dmoss94

The DAX has rallied significantly since the end of September after touching a major support range at 11,550 - 11,850 - the area that price bottomed in November of 2020 It is now pressuring the downtrend extending from the yearly highs and could be poised to break higher A convincing close above downtrend resistance would provide a great buying opportunity with...

dmoss94

TVC:DXY could be poised to extend its recent declines if sellers can breach support at the 55-EMA and the February uptrend A weaker USD may provide the tailwind necessary for stocks to sustain their recent recovery

dmoss94

Li-ion battery manufacturer and developer NASDAQ:ENVX looks poised to continue pressing higher in the months ahead after pushing back above the 55-day EMA and the $10 handle RSI pressing to its highest levels this year suggest that a rather bullish move higher could be at hand. The last time RSI soared like this was during the stock's rise to record highs...

dmoss94

The CME_MINI:ES1! is at a pretty interest juncture from a technical standpoint, with confluence at the 50% Fibonacci retracement and April downtrend under pressure A convincing upside break here could precipitate a push to challenge another key area of confluence with the 100-MA and 61.8% Fib retracement, and psychological resistance at 4,300

dmoss94

Optimism crept back into the market earlier this week, with market participants speculating that cases of 2019-nCoV may peak by the end of February. However, a revision of the counting methods used to identify infections led to a 15,000 case jump in the Hubei province; with the WHO stating many of these cases date back up to three weeks. This has seen doubt...

dmoss94

The Aussie has reacted positively as the market participants begin to increase risk appetite. Bulls should remain cautious as the fundamental picture still presents a bearish overall outlook for the exchange rate. A failure to penetrate and close above the 61.8% fibonacci (0.9274) in tandem with RSI U-turning at a level that it hasn't breached since February...

dmoss94

FX:NZDUSD : Kiwi dollar rallied significantly last week with the RBNZ surprising markets; keeping the OCR at 1.00% Price action is showing significant weakness at a key level of resistance, with the formation of a rather abnormal head & shoulders pattern. A break of the neck line seen around the 23.6% fibonacci could see a longer term push to retest the yearly...