A LONG DROP AWAITS POUND KIWI. 1.66825 AND 1.63767 SUPPORT LEVELS.
ABOVE 200 DMA TECHNICALLY ABOVE CLOUD FUNDAMENTAL REASONS SUPPORT BULLISHNESS - OPEC
Time frame: 4 Hours Entry somewhere below 1.3280 Stop 1.33688 TP 1.30564 That’s how I see it…
The triangle needs to be broken. Given the recent weakness in Euro we might see this pair break down or push up. Neutral for now
Gold looks bullish in the medium term. I would not get too carried away however looking at techinicals expecting a short term rebound in Gold. wait for structure to complete
Aussie is getting dragged down by weak China Data ,threat of RBA further easing and more importantly will the fed raise interest rates ? which i agree with all has heavy weight on aussie to drop further down. Brushing all aside i am reminded a quote from the movie Batman - Why do we fall Bruce? So that we can learn to pick ourselves up. I believe same story is...
All market peaks uniquely shared the same extreme overvalued, overbought, overbullish syndromes that have sustained even longer… speculative episodes don’t unwind slowly once risk perceptions change. The shift in risk perceptions is often accompanied by deteriorating market internals and widening credit spreads slightly before the major indices are in full...
FTSE is looking to enter the cloud territory.. Once both fundamentals and technical line up.. I would be short the FTSE until 6644.04. It will be a short in no time ..
Yearly pivot of .95 seems to hold for now. The Aussie can test .9315 soon