TECHNICAL ANALYSIS
Ethereum Bulls Are Targeting Above 287.00 Resistance
Bottom line: Ethereum long term structure remains bullish until prices stay above 90.00 levels. A corrective drop seems to be complete around 176.00 and the crypto seems to be underway towards 287.00 resistance before producing a meaningful correction. Fundamental Outlook: GBPJPY is has slipped lower by 100 pips from recent swing highs at 132.56. The […]
May 22,2020GBPJPY Carves A Higher Low At 129.55 Levels
Bottom line: GBPJPY medium to long term structure remains bullish against 124.00 lows. The intermediary corrective drop seems to be complete around 129.55 levels, and the currency could be on its way towards 138.00/139.00 levels, going forward. Fundamental Outlook: GBPJPY is has slipped lower by 100 pips from recent swing highs at 132.56. The Bank […]
May 22,2020USDCHF Immediate Resistance Seen At 0.9800 Levels
Bottom line: USDCHF medium term outlook remains bearish until prices stay below the 0.9800 mark. Bears had managed to print lows near to 0.9640 levels before pulling back sharply yesterday. The next leg lower should see USDCHF dropping towards 0.9450/60 levels. Fundamental Outlook: USDCHF had rebound yesterday from around 0.9640 and rallied past 0.9700 mark. […]
May 22,2020SPX500 Approaching Strong Resistance Zone At 3000/3050
Bottom line: SPX500 long term structure continues to remain bearish until prices stay below the 3400 mark. The indice is potentially into its last leg rally towards 3000/50 levels before it finds resistance again. Fundamental Outlook: SPX500 had managed to print yet another monthly high around 2980 yesterday, before closing at 2972. The indice managed […]
May 21,2020USDJPY Bears Prepare To Resume Lower Towards 105.00
Bottom line: USDJPY outlook remains bearish until prices stay below the 112.22 resistance levels. Bears remain poised to push below 106.00 levels in the short term and subsequently below 101.50 mark. Fundamental Outlook: NZDUSD managed to hit monthly highs at 0.6157 yesterday after Reserve Bank of New Zealand kept OCR unchanged to 0.25% in the […]
May 21,2020NZDUSD Bulls Remain Poised To Target 0.6450 Resistance
Bottom line: NZDUSD medium term structure is still bullish against 0.5470 lows. Bulls seem to be targeting 0.6450 resistance as they rally after carving a higher low at 0.5920 levels last week. Intraday corrective drops remain possible, but NZDUSD should remain well supported above 0.5920 levels. Fundamental Outlook: NZDUSD managed to hit monthly highs at […]
May 21,2020