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GBP/JPY tumbles below ascending trend line; bullish outlook could turn to bearish. GBP/JPY has been underperforming since Thursday’s trading session after it found a resistance obstacle at the 152.70 level. When looking at the bigger picture, the price had been developing within an ascending movement since March 2nd after the pullback on the 145.00 significant psychological
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USD/CAD maintains a bullish bias in near term; immediate resistance at 50.0% Fibonacci mark. USD/CAD is ready to complete two consecutive positive weeks after the rebound on the 1.2530 support level. When looking at the bigger picture, the pair has been trading within a rising sloping channel since September 2017, failing several times
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Exxon Mobil holds in bullish retracement mode; SMAs endorse uptrend. Exxon Mobil stock price has been creating a bullish correction movement after it touched a more than two-year low of 72.10 in early April. Prices broke above the 38.2% Fibonacci retracement level near 78.64 of the down-leg from 89.20 to 72.10 and are
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NZD/USD erases some losses; possibility of retracement in near term. NZD/USD has come under renewed selling pressure, completing a new 4-month low of 0.7055 earlier today. The pair has been plunging over the last seven trading days, losing more than 300 pips. Furthermore, the price slipped below the significant level of 0.7140, signaling a
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USD/JPY trades around 2-month high; extends its bullish rally with next stop 110.00. USD/JPY extends its gains after the penetration of the 108.20 strong level during Monday’s session. Earlier today the price recorded a fresh more than two-month high of 109.46 and has added more than 250 pips over the last six trading days. From the
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Time Warner still consolidating; unable to break above 97.50 key level. Time Warner has been consolidating since November 2017 and has been stuck in a channel tilted to the upside. The positive picture in the medium term is at risk of becoming neutral after prices failed to break the 97.50 resistance
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EUR/JPY retreats following the touch on two-month high near 133.50. EUR/JPY has advanced considerably following the rebound on the 132.10 support level, which coincides with the rising trend line. The ascending movement has been holding since March 23, creating a bullish correction of the major bearish movement in medium-term. During yesterday’s session
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AUD/USD posts steep declines; ascending trend line penetrated. AUD/USD recorded a stunning bearish rally over the last four trading days, penetrating the medium-term ascending trend line, which has been standing since January 2016. Also, the price posted a fresh more than 4-month low of 0.7569 during today’s early European session. The aggressive
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Soybean futures pause bearish action; could bounce up in short-term. Soybean futures for May delivery have already erased half of their gains made from April 3 to April 14 and are now consolidating losses near three-week lows in the four-hour chart. In the short-term, the downward pattern could remain in place as long as
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eBay stock retreats after touching 43.00 key level; bullish in long-term. eBay stock price has been retreating in the past two trading days following the strong pullback on the 43.00 handle on Friday. When looking at the bigger picture the price has been trading higher since June 2016 after its rally from 22.29 support
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