FX:AUDCAD We see MACD divergence, with Stochastic overbought. I expect to see a retracement back into previous support.
FX:AUDCHF MACD divergence and stochastic oversold makes me believe the price will retrace into the previous support level. Stop loss is the lowest recent low minus ATR.
FX:EURAUD There is divergence on the MACD, the signal line cross has occurred and stochastic is very overbought. I expect to see a retracement back into previous structure.
With NYSE:SNAP entering the market we see Facebook accelerating the addition of new features to become more competitive. Facebook has massive resources at its disposal to fight off any new market upstart and the threat of SNAP taking away market share will be excellent motivation for the young yet experienced Zuckerberg, to hold on to his dominant market...
NYSE:SNAP With the IPO underwriters ratings out, we have seen most of SNAPs good news for a while. Still, I expect it rise until first earnings come out in April. Then we should see it fall back down into the 19$ range possibly towards 17$.