KeytoMarkets

KeytoMarkets

The cable is facing stiff resistance at 20MA coincides with the upper end of the descending wedge pattern. Immediate resistance seems between 1.3170-1.3200. A well above 1.3200 could elevate the nose further to 1.3260 and 1.3300 levels in the coming days. Supports are at 1.3070 and 1.3000. The daily studies RSI and oscillator are remaining bullish.

KeytoMarkets

Since the daily RSI and oscillator have picked up and as the daily volatility has stabilized, rallies are anticipated to the descending trendline. Today in Asian session the price breaches through and settles above the 100MA. Finally, the most cryptocurrency has been moving higher on higher low with higher lows. We are focusing on the 200MA if well above 38.2 fib...

KeytoMarkets

Since three weels the euro cross has been consolidating between 1.570-1.5880. A well above 1.5900 could rally further to 1.6040 and 1.6190 in the coming days. Supports are at 1.5780 and 1.5700.

KeytoMarkets Updated 

Pivotal@1.0850<1.0800>1.0750

KeytoMarkets

U.S President remarks have altered the USDJPY near-term landscape. The price has traded through the target 113.00 we set in early July whereas failed at the supply zone 113.00-113.30 levels and lost the initial support at 112.20 on Friday and another in today’s Asia session at 111.00. Thus, we are focusing this week on the other key supports finds at 110.50 its...

KeytoMarkets

The potential path for EURSUD in near-term remains sideways. The daily volatility tends to increase evidently, and the daily indicators are bullish, this factor underlines further upside potential. The price action sounds finally ready to re-test the resistance 1.1850 in the coming days. The supports are at 1.1600 and 1.1500 with resistance seems to be at 1.1700...

KeytoMarkets

Just now the price has traded through our target 113.00 we set in early July. USDJPY reached 113.00 handles for the first time since early Jan 2018. The price action is briefly breached 113.00 in an early Asian session, although it is facing stiff resistance at that level. There’s an interesting bullish development taking place on the weekly chart which continues...

KeytoMarkets Updated 

Weekly FX ranges: • EURUSD: 1.1500-1.1755, triple bottom and spotted with a descending triangle • GBPUSD: 1.3000-1.3385, driving by positive divergence and having a limited downside risk approach • NZDUSD: 0.6660-0.6920, not out of the wound and trading at the cycle low • AUDUSD: 0.7270-0.7500, focus on copper price • USDJPY: 109.00-113.25, traced out a...

KeytoMarkets Updated 

The cryptocurrency has been consolidating in the support zone for three weeks. Looking at the most recent price action has been developing an inverse H&S pattern with shoulders finds between 6100$-6080$, The neckline seems to be at 6800$. We remain cautiously NEUTRAL as we continue to study the action.

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Parallel trendlines grabs our attention

KeytoMarkets Updated 

With Brent oil holding the 50MA last week the price has shifted the action from bearish to a consolidation phase. Traders are focused on the upcoming OPEC meeting in Vienna on June 22. As shown on the chart, the price has been trading in the falling channel with lower lows and lower highs pattern formation. Intraday trading resistance dropped to 77.40$ from...

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AUDJPY has been locked between 80.50-84.55 since Mid-March. In mid-June, the cross re-tested the lower end of the range 80.60 tested and held the lower-end of the range and rebound 3.60%. At higher time frame (monthly), the chart is appearing more bearish. The cross has been spotted with a bearish H&S pattern pointing to the neckline(monthly) finds between...

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It has a parallel support finds at 1236$, as of now low made at 1241.25$ vs last week’s low 1237.87$. The daily studies RSI has been making a higher low pattern and the oscillator is remaining bullish. Looking at the most recent daily studies patterns, we remain neutral until close below the support zone. In addition to the parallel support, the other crucial...

KeytoMarkets

Market reaction: Risk-off mood was elevated across the board. Particularly AUDUSD and AUDJPY down more than 0.5%, Copper down more than 3.0% and USDCNH rose more than 0.70% at one point in an early Asian session. USDCNH: The cross again fails to breach the July 02 on Wednesday’s Asian session. We believe it may be running into an area of resistance defined the...

KeytoMarkets

The euro cross has been consolidating effectively between 0.8800-0.8900 levels. The weekly resistances are seemed at 0.8900/0.8920 above this 0.8970 exists. While remains below the weekly supply zone, we foresee a downside risk to re-test the support levels 0.8800 and 0.8760. Flipside side, well settle above 0.8970-0.9000 could rally further to...

KeytoMarkets

The Bullish pennant formation pointing to 1275.00 and 1285.00 incase of a bullish break. The flap pole height is 24$ with support finds at 1250.00$.

KeytoMarkets

• 38.2 fib reaction finds at (Jan 2016 low-June 2018 high) 2.8000 • 100MA (weekly) finds at 2.7910 • 500MA (Daily) finds at 2.7830 • 161.8fe (A-B-C corrective structure) pointing 2.7620 • The daily RSI study has been extremely oversold • Overall between 2.8000-2.7620 offers very near-term support zone For now, we view a decent bounce to 2.89 and 2.94 in the very...

KeytoMarkets

EURUSD: Intraday resistance seems to be at 1.1700/1.1720, and 1.1755 its 50MA, only a return above its 50MA would ease downside pressures, lessening the risks to retest the support levels 1.1630/1.1600 and 1.1530/1.1500. The flip side fails to breach 1.1700-1.1720 could withdraw some of the early gains. Probably we are going to trade between 1.1750-1.1630 before...