FX Daily Outlook| 02-11-16
Posted on November 2, 2016 at 10:30 am GMT[..]
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Technical Analysis – USDCHF turns bearish after break below 200-day moving average
Posted on November 2, 2016 at 8:08 am GMTUSDCHF extends its decline from parity and the near-term outlook has turned very bearish after breaking below the 200-day moving average. After a strong rally from the September 29 low of 0.9638, USDCHF peaked near 1.0000 on October 25 before reversing back down. Following several tests of support at 0.9913 (23.6% Fibonacci retracement level of the 0.9638 – 1.0000 upleg), prices fell to find support at the 38.2% Fibonacci at 0.9860. A 170-point drop on Tuesday led to the market retracing [..]
Technical Analysis – AUDJPY bullish in upper Bollinger Band
Posted on November 1, 2016 at 2:27 pm GMTAUDJPY broke above the 200-day moving average today. The line was acting as resistance at 80.05. Prices have so far reached a high of 80.62, which is a more than 3-month high. The pair has been in a steady uptrend since the September low of 75.95. With RSI keeping above 50 in bullish territory since the end of September, the pair looks poised to maintain its bullish outlook in the near term. The market crossed above the 50-day moving average [..]
FX Daily Outlook| 01-11-16
Posted on November 1, 2016 at 10:49 am GMT[..]
Technical Analysis – Gold maintains uptrend as RSI bounces out of oversold levels
Posted on November 1, 2016 at 8:59 am GMTGold prices remain in an uptrend that started from October 7, maintaining a bullish outlook in the short term. Last month prices rose steadily making higher highs and higher lows. A high of $1284.05 was reached last week on Friday but the market was capped by the Bollinger Band this week. Resistance lies at the upper band at around $1280. The market remains bullish as RSI has the possibility for further upside momentum. As seen on the daily [..]
FX Daily Outlook | 31-10-16
Posted on October 31, 2016 at 9:47 am GMT[..]
Technical Analysis – USDJPY looking bullish but will it break 99-107 range?
Posted on October 31, 2016 at 9:14 am GMTUSDJPY has had a very positive run since successfully holding the 100 level on September 27. The dollar had traded as low as 99.53 versus the yen back around mid-August. Those levels, which also represent 3-year lows have managed to hold for now. Because of the month-long rally in dollar / yen, the medium-term picture has now turned more positive. Price action is above the cloud, which is bullish, while the Tenkan-sen line has crossed above the Kijun-sen line since [..]
FX Daily Outlook | 27-10-16
Posted on October 27, 2016 at 9:29 am GMT[..]
FX Daily Outlook | 26-10-16
Posted on October 26, 2016 at 9:00 am GMT[..]
Technical Analysis – US 30 stock index turning short-term bearish
Posted on October 26, 2016 at 8:32 am GMTFollowing an all-time high of 18,667 in mid-August, the US 30 stock index has retraced some of its gains and is currently at 18,124 – 2.9% off its high. There have been some short-term negative developments lately as price is now below the cloud and there has been a negative crossover of the Tenkan-sen line with the Kijun-sen (on October 17). Price is currently below both the Kijun-sen and the Tenkan-sen lines. The Relative Strength Index is also giving a [..]
