View RSS Feed

TechnoMeter

  1. Silver Prices Touch $21 for First Time in 2 Years

    by , 07-05-2016 at 06:57 PM
    Silver prices printed $21 intraday for the first time since July 2014 as the Brexit vote has traders anticipating more central bank easing. Lower interest rates make metals like silver and gold generally more attractive. With silver prices poised to finish higher 5 sessions in a row, you would think they just won the Miss Universe contest.

    Name:  xagusd-d1-alpari-limited.png
Views: 94
Size:  39.2 KB

    However, later this week we have the US non-farm payrolls printing. Though the market is pricing ...
  2. USD/CNH Technical Analysis: bullish ranging above 200-day SMA with 6.70 resistance

    by , 07-05-2016 at 01:00 AM
    The pair blasted through the 6.6 handle and the 6.6500 resistance following the vote, and have since traded between the 6.7 handle as resistance and the 6.5000 level on what appears to be “resistance turned support” basis.

    The fact that the pair has managed to find support at 6.6500 in the context of an uptrend might imply focus will be out on the 6.7 figure, while the next resistance level may be found around the January high at the 6.7584 level.
    A move below 6.6500 may put ...
  3. NZD/USD Technical Analysis: daily correction

    by , 06-30-2016 at 04:57 AM
    Name:  nzdusd-d1-alpari-limited.png
Views: 160
Size:  21.4 KB

    A daily close below the 50% Fibonacci retracement at 0.6986 opens the door for a challenge of the 61.8% level at 0.6913. Alternatively, a reversal back above the 38.2% Fib at 0.7060 clears the way for a test of the 23.6% retracement at 0.7150.
    It seems tempting to enter a short NZD/USD position. The available trading range is too narrow relative to ATR-measured volatility however, arguing against taking the trade on risk/reward grounds. With that ...
    Tags: fibonacci Add / Edit Tags
    Categories
    Uncategorized
  4. S&P 500: Short-term Chart ’Shapeshifting’

    by , 06-24-2016 at 03:39 AM
    The price action since Monday is ‘shapeshifting’; the once rising channel has evolved into a symmetrical triangle above the low 2080s support. Given the S&P’s ability to hold support and converging price action towards the apex of a triangle, the path of least resistance will remain higher on a breakout above the top-side trend-line of the triangle. Should it break to the down-side and clear below 2080, then our focus shifts to the down-side.

    Name:  s-p-500-h4-gci-financial.png
Views: 107
Size:  24.1 KB
    ...
  5. USD/CNH Technical Analysis: Decision to Be Made at 6.5880

    by , 06-21-2016 at 10:59 AM
    After finding support at 6.5500 the pair moved higher to test the 6.6000, but has yet to manage a clear break and a hold above on a daily close basis. The pair has failed to hold above the level for two consecutive days since February.

    It seems that the pair might need to “make a decision” around the 6.5880 short term support level. If the pair manages to hold above the level, buyers could potentially attempt another move higher to break the 6.6000 handle.

    If price ...
Page 46 of 85 FirstFirst ... 36 44 45 46 47 48 56 ... LastLast