I can see a short term head a shoulders pattern forming/formed, unless i see a break and close above the 1.18750 level. I think the euro will pull back to the 1.16250 level where the 100 period moving average sits. The rally has been extended over the entire year and a pullback to that level will be healthy, long term however I see a target of 1.2500. Both 50/100...
Palladium has been in a nice long up trend now for 18 months+. It has outperformed all precious metals and is hovering around the same price as platinum. I think this rally still has another leg or two to go before we start to see the eventual decline. It has to be noted what palladium is used for to understand why it may decline in price. This year there has been...
I have a bullish bias on the NZD/JPY Over the short term. I think the pair will fall a little further to the 79.000 level, for then a bounce heading towards 83.000. If a see a daily close below 78.850, i would then target 78.300 as my first support, if this fails, i would the look for 76.500, the further to 72.000. The pair is currency forming a triangle wedged...
Opinion based only. Personal Analysis. With today's rally in oil I believe that both the WTI and Brent markets will now sustain this rally over the near/short term. My first resistance (R1) is at the $45.60/$45.70 level. essentially testing last months lows. My second resistance (R2) is testing the more yearly basis, where oil has bounced multiple times. However...
