EURCAD has broken the floor of the rising trend, which indicates a weaker initial rising rate. Is moving within a rectangle formation between support at 1.45 and resistance at 1.50. A decisive break through one of these levels indicates the new direction for the currency. The currency has support at points 1.45 and resistance at points 1.49. The currency is...
NOTES ON THE CHRT
Positive Candidate -Medium term, OCT, 1, 2017 Analysis Explanation CADCHF is within a rising trend. Continued positive development within the trend channel is indicated. Has given positive signal from a rectangle formation by a break up through the resistance at 0.78. Further rise to 0.83 or more is signaled. The currency has support at points 0.77. The...
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Positive Candidate -Medium term, Oct 01, 2017 Analysis Explanation GBPUSD has broken up through the ceiling of the rising wedge, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. Has risen strongly since the positive signal from a inverse head and shoulders...
Weak Negative Candidate -Medium term, Oct 1, 2017 Analysis Explanation USDJPY is in a falling trend and a continued decline within this trend may be expected. In addition, the price has now risen up towards the ceiling of the trend channel, which should give a reaction down. Is moving within a rectangle formation between support at 108 and resistance at 114....
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USDCAD has risen up towards the ceiling of the falling trend channel. A continued raise may be expected and the current price level may be a good entry price above the 1.25. Has had a strong fall after the negative signal from a rectangle formation at the break down through the support at 1.32. The objective at 1.25 is now met, further development in the same...
GBPAUD is within an approximate horizontal trend, which indicates further development in the same direction. Is moving within a rectangle formation between support at 1.62 and resistance at 1.81. A decisive break through one of these levels indicates the new direction for the currency. The currency has support at points 1.62 and resistance at points 2.04. RSI is...
Technical Analysis, October, 1st, 2017 Dow is technically positive target @ 22542 short term Dow Jones Industrial Average shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. Has risen strongly since the positive signal from a rectangle...
NASDAQ is within a rising wedge The index is assessed as technically positive target @ 6059.1