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eurnzd still long?I'm still bullish on this pair. But I thint that there are some variants:long, flat or the beginning of a big fall. why i'm in long mood? I think that bulls have not yet taken all the targets. There is an attempt to fasten the level. We have triangle with bullish trend line and bearish tren line(Both trend lines are local. They Will Be Broken In The Next Time. And we will see the way out of the formation) If today they make a pin bar, it will be a serious signal that the bulls are even more green than bears. There is an attempt to make a triangle. (Work of bears). Zone 1.52000 -1.52500 key area for the protection of bulls.
by AdrianBrechko
Optimism about #copper prices for this month: China investmentDeteriorating demand expectations has induced volatility in price of copper, however, has recovered steadily around 8% of its value in the last two months. China main importer and consumer worldwide has seen fall its HSBC Purchasing Managers' Index (PMI) from 50.7 in February to 49.6 in March, signalling to Renewed deterioration in the health of the sector. However, pro-growth Measures from China and a potential delay of the Fed's interest rate May lend support to copper prices, and China's accelerating investment in infrastructure projects will Contribute to stronger copper demand as well, in turn boosting copper prices. The price has fluctuated around the moving average of 100 periods within a bullish regression channel with support at 2.55 and resistance in 2.9, during the month of April, the price could move about 5%
FX:COPPERLong
by claudiowall
#Copper prices jumped to a two-month high on FridayStrike Workers this week in Grasberg (Australia) – the world's second largest copper mine by capacity – Reduction of mining projects in Chile, and Chinese inventories that fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Have made that Copper prices jumped to a two-month high on Friday. However, the ultimate recovery depends largely on clear signals about growth of demand in the major industrialized economies starting with China. af.reuters.com Copper up, FCX down as workers halt production at Grasberg bit.ly vía @mining Copper prices surge on Fed’s dovish statement on.wsj.com vía @WSJ
FX:COPPER
by claudiowall
#Copper will recover your weekly declineChina is the world's largest copper consumer, accounting for almost 40% of world consumption last year. The National Bureau of Statistics said in a report earlier in the day that home prices in China declined in 66 of the 70 cities tracked by the government in February from a month earlier. New home prices slumped 5.7% on year last month, following a decline of 5.1% in January. Last week the China Industrial Production reach 6.8% vs 7.8% expected, and actual Fixed asset investment in China reach 13.9% real vs 15% expected In short term we expect that #Cobre will recover your weekly decline, reach to moving average 20 periods (like resistence).
FX:COPPERLong
by claudiowall