The vice PM of China Liu He has arrived in USA to negotiate about sino-trade. Although it has been the 4th negotiation since the trading conflict, it'll support Aussie in short term. However, it's still under the risk of real estate bubble. The target is 0.7220. Turning point: 0.7140. Above 0.7140, bullish , target price is 0.7180, then 0.7220. Under 0.7140,...
Focus on the HEAD & SHOULDERS, wait for the clear sell signal. However, it's still possible to rise up. Target: 1.6645 Turning point: 1.6740 Under 1.6740, bearish , target price is 1.6690, then 1.6645. Above 1.6740, bullish , target price is set at 1.6775, then 1.6810. RSI technical indicators run down.
The risk of no-deal Brexit became higher last night, Sterling is under the strong pressure. Maintain today. Target: 1.3015 Turning point: 1.3120 Under 1.3120, bearish , target price is 1.3055, then 1.3015. Above 1.3120, bullish , target price is set at 1.3170, then 1.3200. RSI technical indicators run down. The target reached yesterday:
EURUSD was peaceful yesterday, it's likely that it has the strong support at 1.1415. However, we must pay attention to the HEAD and SHOULDERS. The target is 1.1480. Turning point: 1.1415. Above 1.1415, bullish , target price is 1.1450, then 1.1480. Under 1.1415, bearish , target price is set at 1.1390, then 1.1370.
Temperate correction on CHFJPY , wait for the buying signal that it's supported by 110.15. The target is 110.60. Turning point: 110.15. Above 110.15, bullish , target price is 110.43, then 110.60. Under 110.15, bearish , target price is set at 110.00, then 109.80.
The parliament will vote May's Plan B today, but it's likely that she'll fail again. The EU negotiator in charge of Brexit told the risk of no-deal Brexit is higher then ever. Sterling is under strong pressure to sell. Turning point: 1.3185 Under 1.3185, bearish, target price is 1.3135, then 1.3090. Above 1.3185, bullish, target price is set at 1.3220, then...
The target is 1.14850. Turning point: 1.14050. Above 1.14050, bullish , target price is 1.14550, then 1.14850. Under 1.14050, bearish , target price is set at 1.1390, then 1.1370. RSI technical indicators are bullish and there is room for further upside.
GBPUSD formed two top shoulders and tested the support at 1.8335. Wait for breaking the support and then sell.
It's heard that Democratic Unionist Party (DUP) will support PM's Brexit deal. Sterling jumped higher and broke the residence. Therefore, today's target is still 1.3150. The target is 1.3150. Turning point: 1.3055. Above 1.3055, bullish , target price is 3150, then 1.3190. Under 1.3055, bearish , target price is set at 1.3015, then 1.2975. RSI technical...
The short-term key resistance is at 0.7110. Turning point: 0.7110 Under 0.7110, bearish , target price is 0.7075, then 0.7050. Break out 0.7110, bullish , target price is set at 0.7130, then 0.7145. Aussie is still weak and broke the support 0.71 which reached our first target. Our target is still 0.7050 today.
It shows the bottom divergence in 30-min line, which means Aussie's likely to have a temporary correction testing the residence 0.949. The short-term key resistance is at 0.949. Turning point: 0.949 Under 0.949 bearish , target price is 0.9450, then 0.9415. Break out 0.949, bullish , target price is set at 0.9050, then 0.9520. AUDCAD in 4-hour candles is...
Draghi was dovish last night. Euro broke the support and touched off the alternative strategy. The short-term key resistance is at 1.1335. Turning point: 1.1335 Under 1.1335 bearish , target price is 1.1290, then 1.1270. Break out 1.1335, bullish , target price is set at 1.1355, then 1.1380. Yesterday's strategy:
The short-term key resistance is at 0.7145. Turning point: 0.71450 Under 0.7145, bearish , target price is 0.7100, then 0.7050. Break out 0.7145, bullish , target price is set at 0.7170, then 0.7200. The temporary correction is over and Aussie drops again. Although the employment data is optimistic, the risk of real estate bubble is much higher. If Aussie...
Expect to rise. Turning point: 0.7125. Above 0.7125, bullish, target price is 0.7145, then 0.7160. Under 0.7125, bearish, target price is set at 0.710, then 0.708. RSI technical indicators show a further upward trend. However, it's likely that it's the temporary correction. The down-trend in long term doesn't change.
EURAUD is forming the bowl bottom and test the residence 1.595, which is close to the Fibonacci 0.5. At once it breaks the residence, it's the signal to buy. However, it doesn't mean that EURAUD will reverse soon.
The target is 1.3150. Turning point: 1.3040. Above 1.3040, bullish , target price is 3120, then 1.3150. Under 1.3040, bearish , target price is set at 1.3015, then 1.2975. RSI technical indicators are bullish and there is room for further upside. Yesterday, the target was reached.
EURUSD broke out the residence yesterday, it's in the up trend now. Turning point: 1.1370. Above 1.1370, bullish, target price is 1.1395, then 1.1410. Under 1.1370, bearish, target price is set at 1.1350, then 1.1335. RSI shows a further upward trend. Yesterday Strategy:
The short-term key resistance is at 1.1375. Turning point: 1.1375 Under 1.1375, bearish, target price is 1.1350, then 1.1335. Break out 1.1375, bullish, target price is set at 1.1390, then 1.1410. However, we should keep patience to wait for breaking out 1.4 in long-term, which is the buying signal.