Trade Successfully
GBP/CHF slips after a losing battle at 1.31; Bollinger band eyed. GBP/CHF has been pushing hard to overcome the 1.31 resistance the past two days, but the bulls soon got exhausted, letting the bears take control. The pair is currently trading below its 20-period moving average (MA) in the four-hour chart, while in momentum
Read More
Tesla stock remains confined within a the long-term range. Tesla’s stock has been trading within a wide sideways range – between 380.0 and 214.0 – since March 2017. The long-term outlook is therefore neutral, as is the short-term one, with the price oscillating between 324.0 and 280.0 for one month now. Looking
Read More
GBP/AUD eases above the short-term uptrend line; indicators slope down. GBP/AUD is paring yesterday’s gains significantly above the 23.6% Fibonacci retracement level of the up leg from 1.6160 to the 28-month high of 1.8730. The technical indicators have a steeper negative slope now. The RSI is heading towards the neutral threshold
Read More
USD/TRY continues to consolidate in a sideways range. USD/TRY remains neutral in the medium-term, staying trapped in a sideways range with an upper bound at 5.55 and a lower end at 5.15 since the beginning of November. Confirming the absence of a trend, the 50- and 200-day simple moving averages (SMAs)
Read More
EUR/CHF neutral in both the short- and medium-term. EUR/CHF has been trading in a sideways manner during the past few weeks, staying confined in a relatively narrow range between 1.1445 and 1.1305. Attesting to the neutral short-term bias, price action is also taking place between the 50- and 200-day simple moving
Read More
USD/CAD rebounds off 200-day MA but positive signals insufficient. USD/CAD was supported by the 200-day moving average (MA) this week before turning higher and back above the 50% Fibonacci of the up leg from 1.2781 to 1.3663. The fast-Stochastics hint that the pair is likely to improve further as the blue % K line
Read More
GBP/JPY consolidates after reaching an 11-month high of 145.00. GBP/JPY failed to post more gains above the fresh 11-month high of 145.00 that it posted earlier this week and is moving sideways within a narrow range of 144.05 – 145.00 in the 4-hour chart. Currently, the price is developing around the red Tenkan-Sen line suggesting
Read More
NASDAQ 100 index (US 100) still positive, but a correction may be looming. The NASDAQ 100 index continues to print higher lows and higher highs on the daily chart, after it bottomed on December 26. The short-term picture thus remains somewhat positive, though the inability of the bulls to pierce above
Read More
Euro Stoxx 50 stock index (EU50) bulls look exhausted below the descending line. The blue-chip EU50 stock index has impressively improved since the start of the year, adding 10% to its value to reach four-month highs. The market is currently testing the previous peak of 3,263 and the downward trendline is drawn
Read More
AUD/JPY trapped in a narrow range, neutral in the short-run. AUD/JPY has been stuck in a narrow sideways range, with an upper bound at 79.80 and a lower bound at 77.40, since early January. In light of this, the short-term picture is neutral, with a break on either side of this
Read More