Latest Market News
NZDUSD, “New Zealand Dollar vs US Dollar” The pair is correcting in a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6075 is expected, followed by growth to 0.6355. An additional signal confirming the growth will be a bounce […]
Technical & Trade View TLT iShares 20+ Year Treasury Bond ETF Trade View 101.13 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 99.00 Technicals Primary support is 99.00 Primary upside objective 102.85 Next pattern confirmation, acceptance above 101.50 Failure below 99.00 opens a test of 97.90 20 Day VWAP bullish, 5 Day VWAP […]
Type: Bullish Momentum Key Levels:Resistance:675.00Pivot:661.50Support:654.75 Preferred Case:On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located. Alternative Scenario:Price may go back up and head towards the pivot at 661.50 where the 20% […]
Oil Under Pressure In many respects, it’s been a much quieter week for financial markets. While we’ve seen some key developments by way of Fed commentary, the UK budget and various headlines from the G20 meetings, we haven’t seen the sort of volatility we’ve noted in recent weeks. The US Dollar sell off pausing this […]
Gas Prices Slip From Highs After dominating the first half of the year with record strength, gas prices have spent most of the last few months softening from highs. Indeed, natural gas futures on the NYMEX are now sitting almost 40% down from the YTD highs. Several factors have combined to weigh on gas prices […]
• GBPAUD reversed from support level 1.7485 • Likely to rise to resistance level 1.8000 GBPAUD recently reversed up from the key support level 1.7485, strengthened by the lower daily Bollinger Band and by the upper trendline of the recently broken down channel from March (acting as support after it was broken). The upward reversal […]