Rebound
AUDNZD - dynamic rebound from 1.0390 support On Friday afternoon supply double tested support at 1.0390. It seemed that breaking this level was only a matter of time and actual supply target at 1.0330 would be reached very quickly. On Monday we woke up in completely different moods and morning test of support at 1.0390 ended with a dynamic reflection. On H4 chart demand broke with a single candle resistance area at 1.0440. Current target of bulls are resistance levels at 1.0500 and 1.0570.
At the moment, it is difficult to clearly assess how AUDNZD will behave. Price moves in a clear bearish trend and supply will try to follow it. On the other hand drops that we have observed for recent two weeks have not been corrected until now. In addition AUDNZD is as close as 60 pips to key support at 1.0330. We will know more at the end of today’s session when it will be possible to answer the question whether demand has managed to maintain advantage throughout the session.
Ending session at similar level will strengthen the demand and may lead price to resistance 1.0570. But If supply will be stronger and at the end of the session, a long upper shadow will appear it can only accelerate declines to key support 1.0330.
USOIL going long, make way to its past, where it used to cross.A rebound at the 38.2% Fib-retrace at 48.14 tends to make way and meet-up again around the 14.6% expansion.
TP is shown in the chart ^^!
USDCAD - Opportunity to reverse lossesSince May 5th, on USD/CAD has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend. From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at least for a short-term recovery.
On H4 graph, breaking correction line and the last high can be a signal for bulls what in practice is crossing level 1.35. Bullish movement would then reach quite a considerable range compared with last declines and this could overtake advantage of demand side.
23/05/2017 NZD/USD AnalysisPrice is aproaching a resistance level. Wait for a rebound or a breakout.
19/05/2017 NASDAQ AnalysisPrice has rebounded for the second time in the level of support generating a pattern of double bottom.
16/05/2017 USD/CHF AnalysisThe price has reached the support level again, starting to generate a possible lateral channel. Wait for a rebound or break from this level.
11/05/2017 NASDAQ AnalysisThere is an increase in price for two consecutive days, after a strong bearish trend. Possible reactivation of the bearish movement, but be pending a turn in the trend due to a rebound in a new level of support.
11/05/2017 S&P500 AnalysisPrice rebounds again in the resistance, after several days in which it tried to break it.
10/05/2017 USD/CHF AnalysisPrice has had strong bullish days, which reached a level of resistance, but a candle of indecision signals a possible bearish rebound in this level.
10/05/2017 SILVER AnalysisPrice remains lateral, but begins to show signs of rebound on the level marked.
8/05/2017 USD/CHF AnalysisPrice has rebounded in the marked support, you can expect a backward or lateral trend.
5/05/2017 S&P500 AnalysisPrice performs a new test of marked resistance. Watch out for a possible rebound or break.
4/05/2017 USDCHF AnalysisPrice has remained bearish, apparently starting to produce a possible rebound in the marked support level.
3/05/2017 GE analysisThere was a strong rebound of the price with a big bull candle that recovered a good part of the fall of the previous days, obtaining in this way that the price approaches again to the support that broke.
2/05/2017 USOIL analysisPrice has kept a downward trend, approaching levels that occurred at the end of March. Watch for a rebound, without ruling out a possible break of this level.
1/05/2017 USD/JPY AnalysisPrice reaches a level where there is an apparent local resistance, expect a possible rebound in this level, but you should be aware of a break.
