If Chinese yuan were to weaken after China GDP data, short AUD/USD? China 1Q GDP may reflect its waning domestic demand China 1Q GDP report is due tomorrow and the result is likely to point towards a relatively strong overseas demand and softer domestic demand. This may offer some sentiments to the market that weaker…
Point 1 – Selling Climax Point 1 shows a low period of the Nikkei ì225 index with a high volume. The market rapidly loses its support around 21000 and then re-evaluate and closes above the support. The movement described is a bearish trap that generates panic selling on the part of small investor who liquidates…
Discretionary outlook based on charts The major cryptocurrencies are stuck in a long-term bearish pattern of “lower highs and lower lows”. Bitcoin has broken above trendline resistance. Next resistance is at $9000. Ethereum is bumping up against trendline resistance. Bitcoin Cash is still going down in a “staircase pattern”. DASH has broken out above trendline…
Most of the major asset classes scored gains last week, with broadly defined commodities leading the way, based on a set of exchange-traded products. The broadly defined iPath Bloomberg Commodity (DJP) posted its biggest weekly calendar advance in 2018 for the five trading days through April 13. The exchange-traded note was up 3.1%, closing at the highest…
After opening their day on a negative note, Indian share markets witnessed buying interest and ended their session marginally higher. Gains were largely seen in the realty sector and healthcare sector, while losses were largely seen in the IT sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 113 points (up 0.3%) and the NSE Nifty closed higher by 48 points (up…
After opening their day on a negative note, Indian share markets witnessed buying interest and ended their session marginally higher. Gains were largely seen in the realty sector and healthcare sector, while losses were largely seen in the IT sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 113 points (up 0.3%) and the NSE Nifty closed higher by 48 points (up…
The United States, France, and the United Kingdom have carried out a series of airstrikes on the war-torn country of Syria. They have specifically targeted facilities that enable the Asaad Regime to carry out chem-warfare attacks. In a place where things seemed like they couldn’t get any worse, this latest escalation is rather significant as it brings in…
AUDUSD extended its upside movement from 0.7642 to as high as 0.7809. The key support is now at 0.7738, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7850 area. On the downside, a breakdown below 0.7738 support would indicate that the upside movement…
Source: Admiral Markets MT5 with MT5SE Add-on The NZD/USD has been in a steady uptrend with a progressive zig-zag pattern. At this point, the price is within the POC zone 0.7337-0.7348 and we could see a spike towards 0.7386 with a potential for 0.7420. However, if the price breaks below 0.7335 pay attention to POC2 0.7313-0.7325 as the…
WTI Crude Oil The WTI Crude Oil market continues to try to go higher during the trading session on Friday, but as you can see struggled a bit. The $68 level should continue to be an area of resistance, but I think if we can break above that level, I think that the market should…
