USDCHF - Intraday - We look to Sell at 0.9897 (stop at 0.9927)
Bespoke resistance is located at 0.9898. Ichimoku cloud resistance comes in at 0.9897. The rally has posted an exhaustion count on the intraday chart. There is scope for mild buying at the open but gains should be limited. A Fibonacci confluence...
EURUSD - Intraday - We look to Buy at 1.1280 (stop at 1.1240)
Bespoke support is located at 1.1278. Closed the day little net changed. Selling posted in Asia. Broken out of the wedge formation to the upside. The medium term bias remains bullish. The formation has a measured move target of 1.1448. Bespoke...
EURUSD - Intraday - We look to Buy at 1.1282 (stop at 1.1242)
Inside Soldiers have been posted on the daily chart. Selling posted in Asia. The medium term bias remains bullish. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1448. The Marabuzo support is located at...
In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
Why is EURUSD correcting lower after such an impulsive breakout?
Firstly, we have nothing in the way of major economic releases or ‘news bombs’ to send the major currency pair in either direction.
After an aggressive turnaround in stocks, we have seen the market relatively flat this week as we consolidate...
The Swiss National Bank left rates unchanged again at -0.75%. Thomas Jordans (Chairman of the SNB) comments were:
Risk of renewed upward pressure on the Swiss franc is high, the situation on forex market fragile.
It costs more to hedge against Swiss franc appreciation than against its...
PREVIOUS LOW SUPPORT = 0.65517 (HELD FROM 29/MAY/2019)
LOWEST LOW SUPPORT = 0.65332 (FROM 23/MAY/2019)
With JP Morgan Vice President Of Global currency (Paul Meggyessi) has said "that in a recession, the NZ Dollar will be the worst performing major currency". He also stated that "the New Zealand Dollar lose and average, 7%-8% of it value.
Looking at the table...
Even though the NZD is still week, it has broken through the bearish trend and has started to form a bullish trend . Even though today (30/05/2019) has shown a massive bearish movement that nocked it -0.50% - -0.56% from a bullish morning that reached upto 0.65888 (+0.30%). It has bounced of the last support @0.65517 and fallen within the bullsih trend. this could...
This currency pair is featuring for the first time on our TradingView blogs.
Current setup: Price is in a long-term consolidation dating back to 2011/2012. A break and close above resistance will suggest a breakout.
Conclusion: Trading above the high of 2018 but standing aside until a breakout is confirmed after which we will look to place long trades.