Filtered by date: 09.04.2019. Clear
  • OPEC’s small win in growing backwardation of WTI futures!

    Strengthening oil prices led the market in a relaxed and unexciting manner, to its highest level in five months. Growth is currently being fueled by expectations that a surge in violence in Libya could accelerate the market movement balance, towards a slight deficit. After being initiated by OPEC production cuts and US sanctions on supplies from Iran and Venezuela.

  • CXY approaching resistance, potential drop!

    CXY is approaching our first resistance at 6.9990 (horizontal overlap resistance, 78.6% Fibonacci retracement , 100%, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 6.9634 (38.2% Fibonacci retracement , 61.8% Fibonacci extension , horizontal swing low support). Stochastic is also approaching resistance […]

  • NIKKEI approaching resistance, potential drop!

    Nikkei is approaching our first resistance at 22320.0 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance where a strong drop might occur below this level pushing price down to our major support at 20303.4 (61.8% Fibonacci retracement, Horizontal swing low support) Stochastic is also approaching resistance where we might see a corresponding drop in […]

  • NZDUSD approaching support, potential bounce!

    NZDUSD is approaching our first support at 0.6720 (100% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal swing low support) where a strong bounce might occur above this level to our major resistance at 0.6829 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal overlap resistance). Stochastic is also approaching support where we might see […]

  • XAGUSD approaching support, potential bounce!

    XAGUSD is approaching our first support at 14.91 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , Horizontal overlap support) where a strong bounce might occur above this level to our major resistance at 15.60 (100% Fibonacci extension , 50% Fibonacci retracement , Horizontal swing high resistance). Stochastic is also approaching support where we might see […]

  • Summary

    We are seeing a nice setup on XAGUSD and NZDUSD as we are expecting a bounce above this level. USDCHF reversed perfectly from our first resistance: https://www.tradingview.com/chart/USDJPY/nx8IeycN-USDCHF-approaching-resistance-potential-drop/

  • Side effects of negative rates as a primary short-term concern for the ECB

    After just one month, the ECB made a seemingly significant retreat in credit tightening policy, calling off the rate hike and announcing the extension of the TLTRO program. With fresh signals of a slowdown in the economy and a jittery bond market, is there a requirement of new decisive actions from the Central Bank?