OP247

OP247

A negative pattern was formed on the weekly graph from October 15 to October 16, which led to a downward slope in the price. This price broke the upward sloping support line giving room to further drops in the price level. I would look for this to continue falling to the long-term support line around 36.5 (around fib 0.5). Unilever have come under pressure...

OP247

I would look to short USDJPY at its current level. There is a continued downward sloping resistance line which has been hit recently, this level was at fib 0.5 where there was previously support back in May. There has been previous resistance at fib 0.618 but I would not look for this level to be reached when taking the downward sloping line into account. I would...

OP247

Allergan stock has been volatile since the merger with Pfizer was abandoned due to Tax Inversion laws back in April 2016. After a April-August Pattern was successful in predicting a downtrend, there has been an emergence of a bullish pattern. Looking purely at technical's I see the stock hitting the 0.236 fib retracement before the earnings call scheduled for 2nd...

OP247

USOIL (1D) has formed a butterfly pattern and I would expect a downtrend in the price to follow, this theory is also supported by a change in MACD. There will be a test on this trend at around 49 (fib 0.786) which forms point B in the pattern. There will be a further test along the barrier indicated in green which the price is reached, which I would expect to be...

OP247

EUR downtrend has hit long term suppor/resistance around 1.085, I would look for this to rebound up off this support to at least short term support level (and fin 0.382 retracment) with possibility of reaching 0.618 leveling with point c of the pattern. RSI shows that the levels have been broken which further support the uptrend

OP247

USDZAR has presented an upward trend since hitting September lows and shows opportunity to buy after hitting support line around 13.8 and bouncing upwards. A wedge has been created pointing towards 14.1 (fib retracement 0.618) and if daily bars close above there could be a rally between the channel up towards August highs of 14.75

OP247

Upward trend since end of September broken when close below short term support and resistance 1.5483, fall to July lows presents buying opportunity. look to go towards longer support and resistance of 1.5834. If this is broken and goes above 2016 high/low fib retracement 0.3821 we could expect returns to long term support line (and fib retracement 0.5) of 1.61....