Recently Alteryx reported loss of its 2nd Qtr earning report and buying dip at this moment seem like not a good idea. High chance to form broadening wedge pattern is observed from its price action. Be patient to watch this.
Even though the copper price recovered to 3.10 quickly from last week, however copper price went range trend(pressure zone 3.22~3.05) since mid Oct to early Dec 17. Provided copper fail to break 3.17 in coming days then there will be high chance to form right shoulder pattern. Then, short trade is preferred. Initial target is short till 2.90 (potential neckline)....
Pending for catalyst: probably India government reduce import duty on sugar, import required due to bad weather. Trade is invalid if price closed below the support trend line.
In this week, there have important economy events which flow through into NZD performance. On Tuesday (London trade time), GDT index will be published. After 2 continuous negative changed on GDT index, expected it will not be good reading in this time. Then, RBNZ rate announcement will be on Thursday (Asia trade time). According to market consensus, its rate will...
For confirmation the breakout of GBPJPY, its price has to close above 140.50. Then, to long this pair for aim 150 or 151 after breakout this 3 months symmetrical triangle.
Currently, sugar retraced back to 50% fibo level(from previous bear trend(started 4th Q last year). In Jan 17, will it going into consolidation process before continue to bear trend in next month?
In daily chart prospect, the price action broken the resistance line on 3 Jan 17 (strong bull bar). This pair is fluctuating along 1.048 - 1.05 now. Should expect it to further move up to target 1 @ 1.0575. If break the 2nd resistance line or pivot R2, it can possible to move to target 2 @1.075
