Rebound
NZD/USD slips to 0.7310Daily outlook - NZD/USD slips to 0.7310
An early hours of Wednesday’s trading session confirmed that the Kiwi was rapidly depreciating against the buck in a flag pattern.
For this reason, the currency rate has expectedly bounced off from the weekly S2 at 0.7310.
Most probably, the surge would continue at least until the 0.7348 mark.
A number of major technical indicators support this assumption, pointing out that the pair is oversold. However, then the rate will have to encounter the 55-hour SMA, which might force it to step down.
If this scenario materializes, this might be a sign of formation of a falling wedge.
In contrast, if the pair succeeds to pass through it, that will confirm the relevance of the current descending channel.
But, generally, the pair is expected to continue to slip to the bottom, as 71% of traders hold short positions.
CAD/JPY 1H Chart: Channel DownCAD/JPY 1H Chart: Channel Down
The Canadian Dollar is depreciating against the Japanese Yen in weekly descending channel, which started to form shortly after the currency exchange rate left the double top formation.
By the moment, the channel has two confirmation points from the top and three from the bottom.
The latest rebound happened after the currency pair slipped to the weekly S2 at 87.43. Since the channel has reached maturity, the rate might leave the formation already by the end of the day.
However, the fact that during this whole week the pair was sliding along the 55-hour SMA, which neutralized multiple attempts to break to the top, suggests that a new rebound most likely is going to follow.
Nevertheless, a release of a bunch of the Canadian macroeconomic data at 12:30 GMT might alter the above scenario and even accelerate the fall of the rate.
USDCZK - Possible reboundAfter a sharply fall with bearish divergence, price is approaching to key support level 21.235 which coincides with 0.61% fibo since the last push at 18.56 in October 2013. Good opportunity for following the progress of the pair and catch a rebound.
Netflix: reversal into a positive sentiment before resultsNetflix its chart looks fine. The momentum turns into a positive sentiment and indicates that the bulls are fighting back on the short term. It's like the scenario of BESI where we saw doubts in the past but a positive momentum we didn't see in the chart. Netflix can advance to 171 dollars or even to 179 dollars. Then a pullback to 163-164 is the best scenario for further increasing share prices.
Silver: rebound to 17 dollars before falling in ABC Elliot Wave The silver price is going to rebound to 17 dollars. Then a ABC Correction of the Elliot Wave is completed and silver can drop to the support line at 14,30 dollars. In this point of view technically a rebound to the top the correction line is the next step. So just like in oil and gold is the short term positive but the long term negative.
Philips Lighting: bulls are ready for take-off!The share price moves between a small range of levels. Nevertheless the indicators suggesting a new rebound of the bulls to at least 35 and maybe 37 euros within a few days or weeks. On Friday 21th July Philips Lighting presents its 2nd quarter earnings and this can lead to a new direction in the long term trend. Although the trend is your friend, we can see that the bulls are preparing a new attack, so get in on the short term for a longer period is an excellent idea. Take advantage of this setup!
AUDJPY: Good Long Position! 2.6 RR!Hey, found a rebound shot from the AUDJPY pair! with a good 38.2 Fib Level (longer leg) and 61.8 Fib (shorter leg) Level confluence + Trendline confluence!
Have fun trading! May the pips be with you! :)
Let's try to $AMPlify :)While there's no definite signs of coming reversal, but AMPBTC and its Lagging Span are both approaching areas of possible support.
So we can hope for the rebound from those levels up to the nearest Lead line, which is currently around 20k satoshi level.
Watch the entry signals on the shorter time-frame charts.
Possible new wave cycle on $DCTHhere is my estimate for $DCTH to get to 1.00 using RENKO and WAVES, remember, RENKO ignores time, so this chart does not mean it will reach 1.00 by 6/29
$NAME What this stock is about to do$NAME is up 10% today. After rebounding from the bottom as an IPO stock, $NAME is looking to begin it's rally to possible all time highs
Transunion (TRU) is staging a comebackTransunion $TRU is staging a strong comeback on the daily chart with a rebound candlestick followed by a gap. Looking at all time highs before month end.
13/06/2017 Silver AnalysisPrice has reached an important level. A possible rebound begins to occur. Be aware to the break.
