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Отсортировано по тагам:  Commodity Prices
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Bearish on the aussie

Currency Pair:Aud/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7905
Trend: downtrend
Possible trading range:0.77-0.82
Signals: Recently an inverted head and shoulders pattern was totally ignored by bears and this fact suggested that the downtrend has more room to go in the followings days.It's worth to mention that this decisive break below 0.80 will likely kick off a new impulsive down-phase.
Fundamentals: As long as Australia continues to struggle under the…
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marius24 avatar
marius24 9 Февр.

update: Current price - 0.7826 and this pair appears ready for a bullish trip in case the price manages to settle and find support above 0.7840. The bears must take a pause

marius24 avatar
marius24 17 Февр.

update: Current price - 0.7809 and the outlook points to further bullish bias due to a possible double bottom ( daily and neckline -0.7875) which seems to be underway. IN case this scenario occurs then a strong resistance at 0.7950 must be blown away in order to change the overall trend

marius24 avatar
marius24 23 Февр.

update: Current price - 0.7791. It seems that this pair is trying to make a bullish breakout above 0.7885. THe overall trend is bearish as long as the aussie is lying in a massive descending channel.

marius24 avatar
marius24 26 Февр.

update: Current price -0.7823. The bulls didn't manage to keep the price above 0.7875 which represents and important neckline of a double bottom ( daily chart). THe bullish momentum is not over. Only a fall below 0.7750 may cancel any hopes for a sustained rally.

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Bearish outlook

Currency Pair:Gbp/Aud
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.90
Trend: uptrend
Possible trading range:1.86-1.93
Signals: THe overbought status has been reached at around 1.92 ( daily) and since then the price is undergoing a constant downward correction. We must not forget that the bulls are still in the power as long as the price hovers above an important support at 1.8673 backed by a double bottom visible on the weekly chart
Fundamentals: Several nega…
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marius24 avatar
marius24 9 Янв.

update: Current price - 1.86 and after a steep descent from 1.93 to 1.85 it's time to see some recovery attempts in the following days.  A trend line support lies at around 1.84.

marius24 avatar
marius24 19 Янв.

update: Current price - 1.8458. This pair is hovering just above of a support line which prevented so far further slipping. IN case the 1.8373 level fails to hold the bears in place, then 0,80 is going to be the next target.

marius24 avatar
marius24 26 Янв.

update: current price - 1.9014. This pair is under a bullish force due to a recent breakout occured at 1.8796 from an inverted head and shoulders pattern. I remain bullish in the days ahead

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A shy bullish outlook for this pair.

Currency Pair:Aud/Nzd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.0443
Trend: downtrend
Possible trading range:1.02-1.07
Signals: THe prices lies on an old support line dating back in 1995 and due to this fact a recovery attempt is quite possible on the cards in the next month
Fundamentals: A stabilization in the commodity prices would give time for the aussie to take its breath
Forecast:THe parity is a problem of "when", not "if" ,because the australian economy…
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marius24 avatar
marius24 9 Янв.

update: Current price - 1.0379 and the outlook suggests that the bears are still in control due the the latest bulls'' failure to keep the price above 1.0490

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marius24 19 Янв.

update: Current price - 1.0557. The bears are losing steam due to the presence of an inverted head and shoulders pattern with its neckline ( 1.0567) already broken to the upside.It's just a matter of time when the price will head once again towards north

marius24 avatar
marius24 26 Янв.

update: Current price - 1.07. The outlook for the days ahead remains bullish due to a recent breakout occured at 1.0567 from an inverted head and shoulders pattern located at on the 4 hour chart.

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Consolidation in the sight

Currency Pair:Aud/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 97.45
Trend: uptrend
Possible trading range: 95.31-102.90
Signals: A bullish hammer candlestick has appeared on the weekly chart suggesting that the correction ended and from this point its quite possible to see a slight upward move inclined more towards a consolidation.
Fundamentals: The BOJ's stimulus is priced in and further depreciations of the japanese yen are off the table. ON the other side t…
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marius24 avatar
marius24 9 Янв.

update: Current price - 97.04 the outlook indicates that the selling pressure at least has paused, but i don't  rule out a contiunation of decline if price somehow manages to break a neckline of a double top ( daily) at around 95.34

marius24 avatar
marius24 19 Янв.

update: Current price - 96.59 . THe price eventually broke that neckline ( 95.34) signaled by me 10 days ago, but the bulls ignored this bearish breakout and brought back the pair once again in the 96 area. From this point i am expecting for 98.35 level to be hit in the following days.

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It's time for a small recovery attempt

Currency Pair:Aud/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.8148
Trend: very strong downtrend
Possible trading range:0.80-0.85
Signals: The aussie has posted losses for the last 5 consecutive weeks after fell from 0.86 to 0.81 zone and at this moment it seems unable to deliver another leg down given the presence of an oversold status on both weekly and monthly chart
Fundamentals: The continued drop in commodity prices, the ongoing China growth concerns, th…
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marius24 avatar
marius24 8 Янв.

update:Current price - 0.8108 and it seemed that the price has bottomed out at around 0.80 and from this area i expect for a slow upward move in the following days.

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marius24 19 Янв.

update: Current price - 0.8220 and the technicals suggest that a bullish move is the most probalbe scenario as long as the price stays above the 0.8217 which represents the neckline of an inverted head and shoulders pattern. Anyway the main trend is still bearish, but the bulls have been trying to take the control over this pair in the last days.

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