Recent content by jebat66

Overview: The NZD/USD pair dropped sharply from the level of 0.7053 towards 0.6875. Now, the price is set at 0.6887 to act as a daily pivot point. It should be noted that volatility is very high for that the NZD/USD pair is still moving between 0.6823 and 0.6985 in coming hours...

GBP/JPY is expected to trade with bullish bias. The pair is currently testing its nearest support at 156.20, while the relative strength index lacks downward momentum. As long as 156.20 is not broken down, further upside is expected with the next horizontal resistance and overlap set at 159 at...

NZD/USD is under pressure. The pair has been capped by its descending 20-period and 50-period moving averages and is looking for a lower bottom. Meanwhile, the relative strength index stays below 50. Even though a technical rebound is possible, its extent should be limited. The first target to...

USD/CHF is expected to post more gains. The pair stands above 0.9695 and remains on the upside. The rising 20-period moving average is playing a support role and maintains a positive bias. Meanwhile, the relative strength index stays above 50 and is positively oriented. Further upside is...

USD/JPY is expected to trade with bullish bias. Overnight, US stock indexes retreated as investors found the latest results of some blue-chip companies disappointing. The Dow Jones Industrial Average dropped 0.6% to 17,982, the S&P 500 lost 0.5% to 2,091, and the Nasdaq Composite was down 2...

NZD/CHF formed a clear double top near the 0.6800 psychological resistance level. At the same time, the RSI oscillator is showing bearish divergence that could signal about a potential reversal or a correction down. Overall the ascending channel was previously broken and Fibonacci applied to...

NZD/CAC continues moving down today after producing new lower low. The Fibonacci applied to the first corrective wave up after the support breakout shows that price broke below 161.8% (R1), corrected sharply up to retest the R3 resistance. Currently, it is trading below R1. The overall trend is...

Since our previous analysis, gold has been moving upwards. As I expected, the price tested the $1,270.00 level in a high volume. Anyway, the price rejected strongly from $1,270.00 and we saw a drop and testing of $1,243.65 in an ultra high volume. According to the daily time frame, I found a...

Recently, EUR/NZD has been moving upwards. As I expected, the price tested the level of 1.6396 in a high volume. I found a successful breakout of the pivotal point at the price of 1.6270, which is a sign that we may see a further upward price. The next pivotal point and upward take profit level...

Overview: The NZD/USD pair has faced strong support at 0.6951 as a resistance level turned into support. So, the strong support is found at 0.6951, and the pair is likely to try to approach it in order to test it again. The 0.6951 level represents a daily pivot point as it acts as minor...

Since our previous analysis, gold has been moving upwards. As I expected, the price tested the $1,259.96 level in a high volume. The price reached my first take profit level at $1,256.00. On the 15M time frame chart, I found a successful test of supply in a low volume, which is a sign that...

After finding a bottom near 82.00, CAD/JPY started to move higher. Yesterday's broke above the ascending channel suggests that the uptrend is likely to continue. Price rejected the channel breakout point (50% Fibonacci - S1) once and now it could be rejecting it again. Consider buying while the...

GBP/NZD is steadily moving lower and at this point no obvious signs of reversal are presented. Price broke below the strong support near 2.0600 and currently it is retesting it. At the same spot, GBP/NZD rejected the downtrend trend line once. It may retest and reject it once again. Consider...

Overview: Yesterday, the USD/CHF pair moved from its bottom at 0.9505 and continued rising towards the top of 0.9720. Today, on the four-hours chart, the current rise will remain within a framework of correction. However, if the pair fails to pass through the level of 0.9750, the market...

EUR/JPY: It is rational to say there is now a "buy" signal on this cross. The EMA 11 has crossed the EMA 56 to the upside and the RSI with the period 14 has crossed the level 50 to the upside. Thus, the price can continue going upwards, attaining the supply levels at 124.50 and 125.00.