Last week price broke above key resistance at 133.324 before coming back to test and hold as support. This provides a great place to look for Long opportunities towards the targets and next key areas of resistance to the upside at 134.834 and 136.723 respectively.
NzdUsd continues to range with neither currency really gaining any traction. Range top at 0.69530 is the focus as long as price is above 0.68217.
Price corrected and held at the 1.18363 support area last week. As such Longs seen as the higher probability choice with the USD still struggling.
Last week price broke below key support at 0.68217 before failing to hold as resistance breaking back above this area. As a result, and with a weak USD, further advances seem likely next week with a correction (possibly even a retest of 0.68217 as support) to provide opportunities to look for longs towards key resistance at 0.69530.
With further declines in the USD Index seen as a medium to high probability, the EurUsd is likely to inversely benefit continuing its recent advances. A break of key resistance at 1.19370 will expose the next key area of resistance at 1.20770.
$BYOC has been slowly accumulated over the past few weeks with more and more people buying higher and higher. Why you ask? Well I tagged all the previous chart analysis which also has all the fundamentals that will more than likely be pushing this past $1.00 to even as high as $3.00 Read the tagged analysis and data.
Despite weakness in the USD the NZDUSD continued its decline last week underlining the current weakness in the NZD Dollar. We go into next week re-testing broken support as resistance at 0.68217 proving a great place to look for short down towards the next key areas of support at 0.67726 and 0.66791 respectively.
Last week marked the 7th week of the GBPUSD range and as a result we simply look to play the range next week. A test of the range top at 1.32696 will provide a chance to look for Short opportunities first of all down to the range equilibrium point at 1.31550 with an ultimate view to key support at 1.30342 and 1.29799 respectively.
Last week saw a Short Covering Rally breaking above two key ares of resistance finally stopping at the key resistance area of 1.18363 forming a Bull Flag type pattern. Next week we look for a further correction to, with a possible re-test of broken resistance turning support at 1.17225, to provide long opportunities first for a re-test of 1.18363 with a view to...
Price has had a recent surge up to Daily Highs and looking at the daily time frame you will see the huge wick that was formed on the Daily close yesterday. Price has been moving in this descending channel for weeks and respecting the trend line. the last couple of days has been the first real break, is this a fake out, surge for liquidity or is this change of...
Having a look at the dollar index. We are within a bullish channel for a few weeks now, after breaking out of the inverse head and shoulder pattern. Looks to be last week DXY started loosing traction. and fell to a near strong support zone as a parallel bullish channel trend. I am under the suspicion that fundamentals will be the driving reason behind dollars...
Last week price failed after accumulating above key support at 0.97627. A pull back and re-test of previous support turning resistance will provide a great place to look for Bearish set ups for Short down towards the the next key area of support and target of 0.96445
Last week price bounced from key support at 1.66413 breaking the downward sloping trend line. This provides a great chance for a pullback to provide an opportunity for long set ups, up towards the next two key areas of resistance and targets to the upside at 1.69560 and 1.72077 respectively.
After a low volatility week price continued to correct, however, the overall Bull trend remains intact. Next week we look for further advances, with a pullback to key support at 0.98783 providing a great place to look for long set ups towards the targets to the upside at 1.00774 and 1.01653 respectively.
Lat week price re-tested key resistance at 0.69530 and finished the week below this key area. As a result this provides a great chance to look for Bearish formations and patterns back down towards the bottom of the corrective move at 0.68640 and 0.68217 respectively.
Last week, after a dull week, price re-tested key resistance at 1.16720 and we go into next week below this area. As a result we will look for shorts down towards the target of 1.14932. A break of 1.16720 would clear the way for 1.17225 however we will only consider shorts below this level.
Today $BYOC's NVSOS filings were updated to show an updated registered agent to Incorp Services Inc. Which means the filings for the company are near to almost finished. 15 10-Qs and 5 10-Ks Should be dropping in addition to all other required filings. That is just the first of what's to come for this great company. Look for a break past .03 and possible .035 move...