For today will focus on European Central Bank (ECB) Governor Mario Draghi's speech this afternoon. Draghi's last attempt to talk up the prospect of further easing at the ECB’s March meeting had the unusual effect of sending the euro higher.
I was hesitant to call for a breakout of EURNZD on the 8th of feb, and at the time I would still argue I was right. However it has now definitely broken out and confirmed it very clearly by bouncing off the new resistance. My new thought is that a new channel has been created shown by the blue lines. This might bring us up to at least around 1.73.
Price retraced to open gap's support level, penetrated 12EMA, I doubled the range to set target.
I was actually glancing at a 60 minute chart when I realized the $195.50 ish level on the chart. I chose to share a Daily chart instead. Back in December TSLA hit the $195ish level. Again in January. Again in February. And now again in March. Since December, when TSLA came down to the $195ish level, it managed to go higher pretty quickly. Will TSLA...
Bearish Trend could continue if we see positive NFP results for the USD, If the respected level is broken we could see a major crash in the price of Gold.
Dark cloud candlestick pattern occurring at the extreme of the Bollinger Bands with momentum divergence showing on both the mac-d histogram and RSI. Looking for price to retrace to the 50 ema or lower Bollinger Band, whichever occurs first.