NZD/USD Technical Strategy: Short at 0.7909Support: 0.7802, 0.7682, 0.7525Resistance:0.7937, 0.8034, 0.8109 The New Zealand Dollar may have resumed the down trend against its US namesake after prices violated the series of higher highs and higher lows set from early November. A daily close below the 14.6% Fibonacci expansion at 0.7802 exposes the 0.7682-96 area marked by the July 2013 bottom and the 23.6% level. Alternatively, a turn above the 23.6% Fib retracement at 0.7937 opens ...
Talking Points Strategy: Long, Stop: 114.60 (Close), Target: 115.90Absence Of Bearish Signals Opens Further GainsWatching H4 Chart For Signs Of Bulls’ Exhaustion USD/JPY has continued its journey higher with a void of reversal signals opening the prospect of a run on 115.90 (the Nov ’07 high). A pullback below former resistance-turned-support at 114.60 would be required to warn of a correction for the pair. Absence Of Bearish Signals Casts Risks Higher ...
USD/JPY’s astounding vertical ascent has left a lack of reversal signals in its path, suggesting the potential for further gains. The next definitive peak to offer a potential resistance region rests near 114.60, the December 2007 high. However, traders should also be wary of the recent weekend gap, given the tendency of such spaces to be filled which may prove a temporary setback. A daily close below the 110.00 barrier would be required to negate a bullish bias. Climbs Over Key Hurdles ...
EURUSD and USDCHF LONG TERM momentum pattern implicationsUSDJPY rebounds at year openNZDUSD next leg lower soon? EURUSD Monthly -“IF EURUSD trades to a new low while staying below 1.2791 THEN a 5 wave decline from the May high is probably nearing completion. 1.2315/28 would be of interest for a low. IF EURUSD exceeds 1.2791 while ...
Talking Points: The triangle formation can show in three varieties; we outline each below.Triangles signal congestion or consolidation as the range of price movement decreases.Traders can look to trade breakouts by treating triangles like other congestion patterns. The Triangle Trending markets will often put in a series of ‘higher-highs’ and ‘higher-lows’ (during up-trends), or ‘lower-lows,’ and ‘lower-highs,’ during down-trends. But what about ...
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