The NZD is not as weak as it was a week ago, but it's lacking strength, esp. against the AUD, CAD and USD. It has been strengthing in the recent hours and may continue to do so for some time, but not for too long, because it's starting to get overbought. The pair NZDUSD couldn't make it to new highs, stopped twice at the gey horizontal S/R level of roughly 0.8525....
Casinos stocks showing relative weakness as they trade below key moving averages. At the same time major indexes are at their highs.
It is hovering around 200 EMA at $73.22 and today gapped below, it could be new point of reference.
Major support at $72 which is in tact since February 2014. Break and hold below for few days could lead to some downside follow...
While lot's of ppl in here are full bullish I see just a perfect hit on our intact longterm downtrend channel. RSI inkl. selloff today give us the confirm that the chart will stay in this channel. The only question is how long. But out of question I quess is, that befor any move up we need to find our support level in this channel.
What also confirm this TA is my...
Price seems to be following this dark red Schiff down fork. The NZD has been very weak of late, while the CAD - contrary to what was observed not so long ago, but in March this year - has been very strong. It may continue down to the level of 0.91 or even lower. Is 0.90 going to be tested? I don't know, but if this trend accelerates, it's possible as...
This 3D printing stock was very hot during 2012 and 2013 but lost its luster in 2014 as investors are looking for major cap companies who pay high dividends. Even the leader 3D Systems pulled back 50% from its highs which tells us that price is very unstable and speculative in this revolutional sector.
Stock broke up descending channel at $90-$92 with ignited...
Current price action seems to be following the slope of this modified Schiff Median Line set. Has it found support yet? I don't think so, as the potential buyers would have a problem with placing their stops here, so I expect a further decline. The CHF continues to be very weak and its momentum is now flagging. The JPY is doing quite well, it is strong and gaining...
This is a big picture scheme about the State of Play with regard DAX. When trading on a daily basis, we may forget the big picture.
As a reminder, if one look at the last 5 years, DAX did classical move, even when you do include the crises period.
The very mechanical move of DAX suggest that The level of Pre Crises was a resistance. After the crises, and with...
Price is moving in a down channel and is quite likely going to hit the lower border, possibly at the level of 1.46000. The EUR is currently relatively weak, but also oversold, so some correction, sooner or later, should be taken into account. The AUD continues to dominate the fx markets in terms of relative strength, but has to be treated with caution due to its...
