We exceeded the 68 % retacenment level already, so that he course may remain north now.
We are in a correction phase, at least short term.
Technically we see a correction of the rouble strength.Finally the fallen oil price will be reflected in the price of the rouble. Insofar I can imagine that there is still room for a further decline.
There is still room to the upside. The new high and the remaining bying of any decline makes it more likely that this room will be filled.
In this current downmove since 7th June we are seeing a new low. Thus the move shall continue this correction.
This lower opening unvalidates the hammer and is a sign for continued selling.
Not only that we saw a new alltime high but we also overcame the monthly falling subordinated trendline (yellow).
I think that there is a trading range developing and the rate has to test the downside for the next days.
As like with the most currency pairs we are watching a range trading. At moment we see a test to the downside of the NZD.
EVI left the 4 month range to the upside. There seems to be potential.
Running - nothing else to say.
The retracement down has failed for the moment, thus I expect a further test whether there is more potential on the upside.
Another breakout in an impulsive uptrend.
It seems not to late to jump on.
Tesla looks like the NASDAQ - toppish, i.e. exhausted after last week's spike; the more that Tesla' s spike has been driven by spekulations of an overteak.
Yesterday's high exceeded the May highs. This is a sign to me that there will be another hike. May be that it will not take us to far as we are still in a sideward zone.
Th past trading day ended with a beginning attemt to correct the upmove. Thus I will try to follow this and look how far it may take us.
All right, the hammer has a little to big head, but I suppose thet is is one. And as it stands at the end of an attempt of a downward correction which could not be completed by Fibonacci rules I assume that the downward momentum is not very large.