As per previous analysis on this pair some months ago, NZD has appreciated against CAD in the latter half of 2016 and is currently retesting the 2014 High (also All-Time High) at $0.96565. Price has been trading below this key pivot level for 2 years and may finally be looking to continue the uptrend. Weekly is bullish with price sitting over the 200 weekly moving...
Last week, Bed Bath & Beyond closed under $42 level, which has been acting as a MAJOR FLIP Zone going back to 2003. This level has held as support since January 2016 and after a full year of consolidation between $42-$52, prices painted a weekly close below this level closing on the lows signalling bearish momentum. With $42 taken out, the price is likely to aim...
Weekly is bullish with price forming higher highs and higher lows. Currently price is consolidating a bullish leg from 0.7600 on the back of Brexit. The daily 20 ema has been respected very well as dynamic support with today's bullish engulfing candle breaking higher and closing over the range of the last 16 days. In addition to this short term CTL resistance has...
Price held the weekly 50% fib level with a nice pinbar rejection after a failed test of $0.95250 supply zone. The daily confirms this rejection as it shows textbook deceleration into the 4H flip level (gray shaded box) and 50% retracement of the last weekly swing. Price formed an inverse head & shoulders reversal pattern here and broke $0.9200 with some nice...
With only 2 trading days left in July, Apple is hinting at upside in the latter half of 2016. The monthly chart cuts out the noise and shows a clean big picture view. Price has recently come back to retest the swing highs set back in September 2012. In addition to this, $90 has acted as a floor in the market once in August 2015 and is also the 50% retracement from...
Natural Gas looks to be consolidating the recent bullish leg from the break of $2. Price failed to break $3 and has formed a bullish flag pattern consolidation on the Daily and 4H charts. On the weekly there is a nice rejection of the 38.2% retracement of the previous leg. On the intraday chart we see a nice breakout of the bull pattern. Watching for a retest of...
Copper is currently sitting in a monthly range between $2.300 and $2.000 and forming a bearish consolidation pattern following the sell off from 2015 highs at $2.940 formed back in May. Price is sitting below two multi-year bearish trend lines and holding the low of $1.936 set in January 2016. Possible scenario here is a break of the wedge to the downside below...
Coming into the July NFP release this pair is consolidating a deep pullback of the longer time frame bull trend. Price remains bullish long term as long as price stays above $1.2000. With the NFP release, alongside other high impact releases coming out the latter end of this week, price will likely have an event driven breakout to either side of the coil. A break...
XAU/USD short setup here, macro trend is bearish on M,W,D timeframes with price trading below weekly 200 ma . On the daily watching for a retest and rejection of the 200 ma which coincides with the trendline resistance, and the 50-61.8% retrace on the last weekly swing. Watching for this level to be tested into February
Oil looks to have caught a bid at channel support with a doji and bullish engulfing candle, watching for a bounce to retest the 2009 lows at 32.70 as resistance after having broken this level on 01/11/2016. Overall market bias is bearish across M,W,D time frames,supporting the short thesis and the area coincides with channel resistance, 50% fib retrace, 2009 low...
Platinum has taken a massive hit since the end of October dropping almost 20% in value over a couple of weeks, I am now waiting for a pullback which I think may provide some great value. The macro trend is bearish and the daily reaffirms this view. I'll be watching for a pullback to $900 near the previous swing low and round # support which may turn into...
Price broke out of a 5 year consolidation in June 2015 and has since been forming a falling wedge pattern after a 4000 pip move from 2.10 to 2.53612, watching for price action to tighten and retest the 2.10 breakout before continuing in the direction of the trend, this may take some weeks to complete, but patience will be rewarded!
Citrix has recently broken out to the topside of a major symmetrical triangle forming since May 2011 in the context of a bull trend dating back to early 2009. On the monthly chart, initial target around $88.50 (highs from 2011), with the $100 round number as the second target and the all time highs around the 120's as third target. As prices consolidated within...
Price has been in a steady bull trend since 2011 and is evident across the monthly, weekly and daily time frames. Price has recently cleared yearly pivot resistance around $116 mark and after earnings gaped over the key $120 figure. The trend filter is green across all time frames confirming bull trend. The weekly and daily are both above the 200 moving average...
General Electric macro overview is bearish and is forming a rising wedge pattern from the 2009 lows and finding resistance at the 61.8% retracement level around the $28.30's. A similar rising wedge pattern occurred after the relief rally off the lows in 2002, which retraced exactly 50% from the 2000 high in the low $42's and broke back down to flush prices into...
Monthly chart showing weakness with the trend bearish, price broke under the $100 round number and has support at key $90 pivot level which has acted as both support and resistance several times. Weekly chart is bearish making LL and LH as well as trending under the 200 weekly ema. The daily is trending strongly with several unfilled gaps down showcasing weakness....
Missed the train with the recent push off of channel support but watching for price to break previous high of 1.52774 to confirm continuation of the bull channel, waiting for price to reach 1.5500 key S/R level and looking for a retracement back into the $1.500 level to take this long back to the $1.5500 highs as first target and $1.5800 as second target. At this...
Looking to pick this up around 1.55491-1.54594, solid round number support at 1.55, which has acted as support and resistance. 50 and 200 ema dynamic support in this area, as well as 50-61.8% fib retrace and trendline support, target is the 50-61.8% retrace (1.5900) from july 2014 highs to april 2015 low