KeytoMarkets

KeytoMarkets

Has been consolidating in a narrow range between 1.1160-1.1200, Resistance @1.1220>could rally t o1.1300 initially The daily RSI has been recovering and the oscillator turned bullish. We FORECAST a limited down approach, as 200MA (Weekly) @1.1130 and 50MA (Monthly)@1.1090. View: As long 1.1090 held on a closing basis, watch out for a decent rally for 1.1300 and 1.1380

KeytoMarkets

The euro cross failed to gain a footing above the neckline at 1.6620 (four-hour chart) and was unable to close above 50MA aswell. Whereas it has erased the six-month descending trendline and closed above. The daily indicators give a mixed outlook as the daily RSI lacks conviction besides oscillator is remaining bullish. Support at the right shoulder has held firm...

KeytoMarkets Updated 

Back to action >3800$ , focus on Dec 2018 high and 100MAs

KeytoMarkets

www.keytomarkets.com As the China PMIs beat market expectations, we expect AUDJPY bulls could try to breach the upper end of the resistance. Both the Copper and CNH have supported but not rallied post the Caixin data. At the time of writing AUDUSD gradually moving above 50MA and currently trading at 0.7120. On a lower time frame chart (H4), the supporting...

KeytoMarkets

EURCHF: The cross closed at 1.1180 overnight. The important Pivot level, which will act as crucial support for the cross, is placed at 1.1150/1.1130, followed by 1.1070. Key resistance at 1.1220 and 1.1260. RSI at oversold level 26. Weekly 200MA @1.1120, Monthly50ma@1.1080 Overnight, slipped below the double bottom 1.1180 but managed to closed tad above. WATCH...

KeytoMarkets

Ahead of the RBNZ OCR review, supports for the AUDNZD located at 1.0310/1.0300 and 1.0275 below here focus shist to 1.0230/1.0200 levels. If the cross is moving higher resistance seems to be at 1.0375 and 1.0400 above here 1.0435 exists its 50MA. The daily indicators RSI and the oscillator are remaining bullish. Based on the recent price pattern and the...

KeytoMarkets

The week ahead the market will bring a key set of important eurozone macro data releases including FOMC meeting followed by a Press Conference. The combination of weaker dollar last week, dovish ECB message the other week and growing pessimism in pricing on this week’s FOMC meeting makes the single currency weakness on hold. Data studies suggest that the...

KeytoMarkets

The cable spikes through the February 2019 high at 1.3350, rallies to 1.3380 shy at 50.0% fib reaction 1.3390/1.3400. It seems the stage is very much set up for the cable to go beyond 1.3400 level. Last three days price action has laid the support at 1.2960. A move beyond 1.3400 would unfold next leg of the rally towards 1.3580/1.3620 its 61.8% fib reaction. We...

KeytoMarkets

The price has been consolidating in a tight range of 1281-1291$. A move above 1291$ could offer a relief rally to 1295$ and 1299-1302$. If fails the support, focus shifts to 1277$ Jan 21 low and 1267$ its 100MA. The RSI is approaching oversold levels and the oscillator about to turnaround to bullish- Buying above the breakout and dip between 1270-1267$ favors the trend.

KeytoMarkets

The price action has been trading in a tight range of 1.1220-1.1570 for last four-months (November 2018-February 2019), The consolidation last extended to the same-months on December 2016-March 2017 followed by a big break higher. This time we are not expecting a big break higher unless the rate differential supports. Well the daily RSI lacks the conviction to...

KeytoMarkets

The corrective A-B-C structure is pointing 1307$ below here focus turns to 1302$ earlier support and 1295$ earlier break out level. Note that its 50MA finds at 1299$. Overall today's pivotal at 1307$

KeytoMarkets Updated 

Gold price failed to gain a footing above the 80.0% weekly basis triggered a retracement to the parallel support at 1320.50$. The yellow metal extended its rebound and retested the crucial hurdle at the key fib reaction. The indicator gave a mixed outlook as the stochastics about to turn bearish. Especially the RSI has been painting negative divergence, and we...

KeytoMarkets

The Platinum metal prices have seen a superb rally 5% in the past two weeks, ran through the second target we set in mid- February. Above 200MA for the first time since March 2018; Continued to rally this week too, with breaking the two-month range. We continue to favor being long, and now the price has facing still parallel resistance at 876$ and 886$ its 20MA...

KeytoMarkets Updated 

On Tuesday, commodities rallied on the weaker dollar and lower US10y yeilds. Among we focus more on Platinum as the underperforming price space. During the commodities rout, the Platinum price at one point fell 755$ in mid-August from the January 2018 high at 1028$, nearly a 16%. Since then, the price has been consolidating in ranges, But the price has reaffirmed...

KeytoMarkets

We remain cautious at the key resistance at 1.1370 ahead of the 1.1400 its 100MA. A break of these last barriers would give an impulse move higher, paving the way for a more pronounced rally to the next resistance at 1.1440 ahead of the 1.1500. The supports stand at 1.1310/1.1290 and 1.1230. An interesting fact is, the price has printed a first higher low...

KeytoMarkets

Traced out a double top pattern at 79.85 which coincides with 100MA Support: 78.00<77.45<77.00 < downgrade

KeytoMarkets

As long as 0.9120 is resistance, selling pressure remains. RSI lacks conviction besides, waiting for the oscillator to turn bearish. Support 0.9000<0.8930-0.8900

KeytoMarkets

Resistance remains between 1.0098-1.0130 The daily RSI is not encouraging and the oscillator is about to change the pace to bearish- Support at 1.0028<1.0000-0.9988. 0.9985 is major support – a break would trigger a downgrade to 0.9900