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EUR/NZD in a slippery slope; bears look at a 5-month low. EUR/NZD is holding to losses, slipping beneath the short-term moving averages in the daily timeframe. The strong sell-off day on Thursday is driving the pair towards the five-month low of 1.6615. The MACD is heading lower and is approaching the red
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Apple stock extremely positive; indicators weaken. Apple stock price is completing the fifth consecutive green month, trading near the record high of 319.85. Practically everything paints a bullish picture as the price is holding well above the simple moving averages (SMAs) and the long-term ascending trend lines. The only warning signal comes from
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EUR/JPY sell-off finds support at the trendline; golden cross favours uptrend. EUR/JPY could not lift the 122.86 bar last week and reversed south to test the ascending trendline drawn from the 2 ½-year low of 115.85. The falling RSI which has crossed under its 50 neutral mark suggests that the bearish bias
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USD/JPY’s positive picture seems to be losing some fuel in the recent push up from the 107.76 level. The short-term oscillators suggest that the negative momentum is picking up. The MACD, in the positive region, is only just above its red trigger line, while the RSI has dropped to its neutral
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GBP/CAD rallies towards a one-month peak; could rise further. GBP/CAD posted an aggressive upside session on Wednesday, surpassing the 20- and 40-simple moving averages (SMAs) in the daily timeframe and gaining more than 200 pips. The price hit an almost one-month high today of 1.7295. Looking at momentum indicators, the RSI is
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AUD/USD appears to be improving; aided by the uptrend line. AUD/USD is finding substantial upside pressure at the 0.6827 level around where the 100-day simple moving average (SMA) is currently located. Furthermore, the price is retesting a broken downtrend line drawn from December 2018 and the tentative uptrend line pulled from the
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GBP/USD’s retracement turns sideways; nears ascending trendline. GBP/USD looks to be a bit flat around the 1.3010 level, which is the 38.2% Fibonacci retracement of the up-leg from 1.2194 to 1.3514. With the recent lower highs and higher lows, the pair could extend its sideways nature further into the Ichimoku cloud and
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How I’d buy BP to invest £200 in the FTSE 100 Find out more about a great stock to buy. Don't forget to subscribe to get great tips in your inbox. Continue Reading!
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Netflix saw its stock trending up to a 5-month high of 352.97 in January after bottoming out at 252.13 in late-September. From a technical perspective, the upward direction could strengthen as the 20- and the 200-day simple moving averages (SMAs) have recently registered a bullish cross. Meanwhile, in the short-term, the market’s momentum could remain muted as
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EUR/USD drops below 200-day SMA; focus on the support trendline. EUR/USD’s pullback from the 1.1238 top has again been interrupted by the 50-day simple moving average (SMA). That said, a bearish crossover of the Kijun-Sen line by the falling Tenkan-Sen line backs a negative view. The pair is currently flirting with a
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