Daily price is braking 200 day SMA for the bullish reversal: The price is breaking Fibo resistance level at 0.6748 together with 200 day SMA for the reversal of the price movement form the primary bearish to the primary bullish market condition."The New Zealand Dollar finds itself at trend-setting resistance that has capped gains versus the currency’s US counterpart since early July 2014. The pair’s behavior at this critical juncture may prove defining for trend development ...
Daily price is on primary bearish market with the ranging within 1946.97 resistance and 1872.53 support: The reversal key support/resistance levels for the price is 1118.56 bearish continuing support level and 2051.19 bullish reversal resistance level."So the market’s most bullish facet, Fed support, is missing at a time when these other very threatening issues are developing. But perhaps more to the point, this may be the Fed’s intention. Ms. Yellen mentioned in December ...
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. ...
"With Japan having recently moved into ‘negative rates’ territory combined with the growing sentiment around an increased possibility of a Brexit, and with a Bank of England meeting on the docket for this Thursday, the potential for heightened volatility remains. And in GBP/JPY, that means any trader taking a position should take notice.""In the near-term, the top-side momentum is notable. We’ve basically seen 500 pips of run since Thursday’s ...
USD/JPY W1 "Last week’s reversal materialized from the neckline of that pattern. This week’s follow through has resulted in a test of the 55 week average. The 2015 high was right at the 1990-1998 line (log scale), so a broader topping formation is still possible." The price is ranging around Central Yearly Pivot at 120.63 waiting for the following direction and targets: R1 Pivot level at 125.41 for the bullish scenario, orS1 Pivot level at 115.41 for the bearish ...
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