Euro Weekly Price Outlook: EUR/USD Recovery Could be Short Lived Euro turned just ahead of resistance this week with the price consolidation coiling into the April range. Here are the levels that matter on the EUR/USD weekly chart. Crude Oil Weekly Technical Forecast: Support May Soon Lead to Rally Crude oil took a spill last week, but with support at its feet look for it to try and bounce after a bit more weakness first. ...
There is support between 6230 and 6200, with the 6/1 swing low at 6149 as the next level of significant support. As long as the spike day high (6323) keeps a lid on the market, we expect the market to be range-bound, with weakness unfolding in the very near-term. A range-bound UK stock market and currency as the next two weeks up to the EU referendum makes sense on this end as the pendulum swings from ‘stay’ to ‘leave’ within its own slight ...
Daily price is on bear market rally" The price is located below Ichimoku cloud for the primary bearish market condition with the secondary rally. Price is breaking 5890 resistance to above for the rally to be continuing with the Chinkou Span line crossing the price from below to above for the good breakout to be started with the possible daily bullish reversal. "The FTSE 100 has now reached the February 4 high of 5945, which also was ...
Daily price is located below 100 day SMA/200 day SMA area for the bearish market condition: the price is ranging within 5541 support level and 6072 resistance level, and RSI indicator is estimating the ranging bearish condition to be continuing. If the price will break 6072 resistance level so the bullish reversal will be started.If price will break 5541 support so the bearish trend will be continuing.If not so the price will be ranging within the levels. ...
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