NICE hourly closure on us oil, waiting for 4h closure then I do expect this pair to rollover and follow with a bearish close, after the shooting star 1h closure, with 15 min till next hourly closure oil is looking to form a evening star another bearish confluence. looking for 51.66 to be tapped in the coming days
usdchf formed a nice hammer head weekly closure at support so I am looking for this pair to come up to test the 0.99 psychological level which confluences with the 786 fibonacci from the recent lower swing high. the pair is still in a downtrend but if strength in the usd kicks in we might be able to break the recent swing high, forming a higher high. however TP...
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...
brief analysis was posted on our page previously. We have chosen to scale in (add another entry) at this price as we have hourly confirmation after retesting the previous support zone as resistance as we stated on our previous post the current bullish structure has now changed you can identify this by the market now making lower lows and lower highs great...
EUR NZD BROKE A KEY LEVEL, AND COME BACK TO 1.67310 REJECTING THIS AREA AND MOVE US BACK ABOVE 1.68010.
At this exact moment, we should be looking for a clear rejection of 1.68010, confirming that will be our new support in order to head to our target 1.68946!
All the best Trading Protection!
The Trend Follower Strategy has just sold USDCHF at 0.99393. The system recommends entering this trade at any price between 0.99298 and 0.99488. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.59827. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
EURCHF shot up to create a new lower high in our 4h trendline and it's now on its way down to possibly form a lower low. Good R:R risking around 35 pips to possibly take almost 80 pips.
Due to a lot of news coming out around 9ish we thought this would be a good trade to come in with till around this time... We not sure what will happen...
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