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A new decline for Aud/UsdA new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED will not distort their monetary policies. At this time, however, investors and analysts are expecting a slight change from Powell. He should cut rates in the July meeting: the market has already discounted this news, causing a retracement of dollar against the other majors. For now we expect a maintenance of this level, with the dollar that should find the necessary strength to reach the main short-term supports against other currencies. Technically, on this pair the price should go back to testing the static support at 0.675. This before the monthly closing in June.
Short
by BFCMInvest
What is going on Eur/Usd ?What is going on Eur/Usd ? So the price is undergoing a very short-term rebound. This allowed the price to return in the 1.12 area. In fact, after entering short about a month ago and reaching the first target in the area of 1,112 (as indicated in the previous analysis), the price returned again near the previous entry point. Technically, the trend still remains bearish on the main TFs, with the price still below all the main EMA and key static resistances. To reverse the trend in the very short/short period, the price should break the weekly dynamic resistance identified by EMA20 and passer for the 1,126. To reverse it in the short / medium term, the price should even violate upwards the dynamic resistance identified by the EMA200 and passing through the 1.16. The technical analysis is strongly supported by the fundamental scenario. During the week Draghi will speak, declaring the monetary policy that the ECB will adopt in the short term. Which should not surprise analysts and investors, who still expect a strongly expansive policy. This could devaluing the euro, which should loss against the other majors. We expect that this downtrend will start again. So because of what is going on Eur/Usd the first target remains the support area at 1.112; the last target we expect the area located at 1.08.
Short
by BFCMInvest
The price of nzd/usd broke again the supportThe price of nzd/usd broke again the static support identified by 78.6% of the Fibonacci retracement. It's placed at 0.662 and the pair close the last week below it. Technically the trend has been declining since February 2018. It's starting from the area on 0.75 and has lost over 10 cents. Then bounced back to form this last wave of correction started in November 2018. This wave is ending its strength and is returning to the previous level, leading the price to break the support mentioned above. All the main indicators and moving averages are projected downwards on short and medium term time frames. Moreover on monthly tf you can see a figure almost at the end of its conformation. Started in August 2015, this Head-shoulders is reaching its final phase with the right shoulder completed for 50%. Within a few weeks you should see a retest of the support area from which this figure started, ranging from about 0.634 to about 0.62. This scenario is strongly supported by the macroeconomic studies. Thanks to the monetary policy that the two central banks of the respective countries are adopting, this downtrend should not change. In fact, in one hand the FED has slowed down its strongly restrictive policy. This by meeting the needs of the markets to Trump's requests. Without cutting rates and about to resume it. On the other hand, the New Zealand central bank, in the meeting of this night or in the next month, it will cut rates. This cut should be from 1.75% to 1.50%. This will cause a further devaluation of the New Zealand currency. The price of nzd/usd broke again the static support, for this reason we recommend "short-term" short entry with the first TP at 0.649, according to TP at 0.642 and final target at 0.627. the SL will be set above the EMA20 weekly periods at 0.674.
Short
by BFCMInvest
CHFJPY: Bottom Formed On Bank HolidayWelcome to this analysis guys on todays bank holiday. We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested. The retest happened with a pin bar or a so called wick. A good indicator about a trend change. My favorite divergence is also in place. It is still possible to enter the trade but you got a less good risk to reward! Keep that in mind. Wishing you guys good trades and hear you next time!
Long
by darian_fx
5
Bank of America GainsInverse Head and Shoulders on the weekly / daily NYSE:BAC $BAC chart. I would probably wait for $BAC to rise above $30.5 -$31 before entering into a long position. If $BAC sees $31 then the first target is $32, and the last target is $35 (although I find this hard to believe to be honest). Something to consider: $WFC Wells Fargo has a Head and Shoulders pattern on weekly / daily. These two stocks appear to rise and dip at similar times due to both being banks (no shit). Like always, open to constructive criticism. Thanks for visiting.
NYSE:BACLong
by Urameshi_Trades
3