KeytoMarkets

KeytoMarkets

The cross has been consolidating between 1.8000-1.7730. We could expect a major move if settles above 1.8000 for 1.8080, 1.8260 and 1.8300 in the coming days. Supports are at 1.7800-1.7780 and 1.7735.

KeytoMarkets

We still believe the final move to 0.8920 could be even possible before pulling back to 0.8830/0.8800 in the near term. Weekly pivotal finds between 0.8830-0.8800 below this, possible supports are at 0.8760 and 0.8715. As we pointed in our last week’s note, the fact is weekly resistance seems between 0.8900/0.8920 and 0.8970. While remains below the weekly supply...

KeytoMarkets

Bitcoin has once again remained in a consolidation phase and also remains in an oversold territory with a positive RSI divergence. Any positive move could resume short-term rally to 6900-7000$ initially.

KeytoMarkets

Facing resistance at 18-month descending trendline Stiff resistance at 200EA (weekly) seems to be at 22.60 above this 23.00 exists August 2015 low The August 2015 low coincides with the 100MA (weekly) and with the 50.00% fib reaction (Jan 2017 high-Jan 2018 low) The daily study RSI is indicating a lower high, if propels above 22.55 could paint a negative...

KeytoMarkets

• The cross nearly tested the 61.8 fib reaction (Jan 2016-Jan 2018 rally) and held last week • Today in the Asian session, again drifted back to the previous week's low and managed to hold • The daily study RSI is indicating a higher low though the price has been propelling down • Immediate support finds at 0.7330 below this 0.7270 exists its 100.0fe or A-B-C...

KeytoMarkets Updated 

Since Tuesday the major EURUSD has been consolidating in a tight range of 150 pips, between 1.1650-1.1500. A well settles above 1.1650 could open to 1.1690-1.1710. On top of it, a daily close above 1.1710 could boost further to 1.1850 last week’s high. Flipside supports are at 1.1590, 1.1530 and 1.1500. Q2 range remains between 1.1450-1.1850 with an additional...

KeytoMarkets

Since early May the technical picture remains in a well-defined range between 0.8695-0.8850. Forthcoming UK data release likely to have an impact on the GBP, especially GDP reading. Looking over the coming weeks, we believe the official data prints will pave the way to the Q3 rate hike. A move above 0.8850 resistance trendline could open further short-term rally...

KeytoMarkets Updated 

www.keytomarkets.com factory: The cable has witnessed another round of selling at 23.6% fib. Before retracing to a five-month low, the price traced out a medium-term price top near 1.4345-1.4375 between Jan-Apr 2018 via the formation of a double top pattern. The recent shift in the sentiment rallied to 1.3470 its 23.6% fib reaction but attracted selling interest...

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The kiwi dollar landed safely in the support zone. Will the kiwi dollar find the bottom in June or July 2018? www.keytomarkets.com

KeytoMarkets

Since mid-March, the cross AUDJPY has been locked between 80.50-84.55. On Tuesday session the cross fell as far as 80.60 tested and held the lower-end of the range and recovered to 81.20. At higher time frames, the charts are appearing more bearish. www.keytomarkets.com The cross spotted with a bearish H&S pattern pointing to the neckline(monthly) finds between...

KeytoMarkets

The commodity Aussie dollar has been hitting hard since June 06 high. Trade Tensions, policy divergence (Fed and RBA) and melting copper are the factors adding pressure to the commodity currency AUD. AUDUSD was falling as far as 0.7350 its 61.8% fib reaction (0.6825-0.8135 rally) and closed at 0.7380. Intraday support finds at 0.7330 below this 0.7300 and 0.7240...

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Since early June the cross has been locked between 1.3270 and 1.3120. The daily studies RSI and oscillator are remaining bullish helped the cross to settle above 20MA for the first time since April. A bullish break above the range could open to 1.3330 initially above this, 1.3450 and 1.3490 are the open targets with supports at 1.3120 and 1.3050. The flip side,...

KeytoMarkets

EURUSD popped from 1.1725 to 1.1790 after the Fed rate hike and extended the gains on Thursday’s early European session. Twice we tried to breach the mid-May high’s 1.1850 and failed, well above 1.1850 could open to 1.1900-1.1920 levels and on an extreme case, 1.1990 could even possible. Probably we are going to trade between 1.1790-1.1850 before ECB. The daily...

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Since the daily RSI has pointing South and the oscillator has shifted to a bearish crossover, weakness is anticipated to 0.7515-0.7470 levels initially. During Powell’s press conference, the cross-posted a low at 0.7530 and tested the lower end of rising wedge. Before retraced to one week low, the cross was rejected at 100EA last and this week traced out with a...

KeytoMarkets

The tradable dollar index trading range likely to remain between 94.40-93.20 levels. Before retraced to 93.18 (June 07 low) the index traced out a double top at 95.00 between Nov 2017 and May 2018. The near-term trend remains in a tight range whereas a move above 95.00 needed to forecast 95.40 and 96.25 levels in the medium term. Flip side breaks below 93.00 could...

KeytoMarkets

We continue to favor being buying the dip in the medium and long-term. Whereas in the near term we remain cautiously NEUTRAL as we continue to study the action. The further return of USD weakness, which should allow EUR to perform better continuation from the last week with resistance seems at 1.20. Flip side supports are at 1.1590 and 1.1500. www.keytomarkets.com

KeytoMarkets

The cross was rejected at 1.5370 the parallel resistance above this, we see levels between the 1.5460-1.5510 as likely to meet resistance, and we target a move towards 1.5150 in the first instance. Noting that 50MA exists at 1.5380. Today's Canada Labor Force Survey is the risk event scheduled. www.keytomarkets.com

KeytoMarkets

Palladium breaking the symmetrical triangle and running into the neckline Palladium has continued to rally with breaking the symmetrical triangle resistance trendline, and the forthcoming neckline widely spread between 1057$-1065$. Since the daily and weekly oscillator has picked up and bullish break through the neckline could open fire to1100$ it’s 100.0 fe, in...