KeytoMarkets

KeytoMarkets Updated 

At the time of preparing this article, GBPJPY entirely erases intraday losses, currently trading at 144.15 and CHFJPY trading at 113.45 on the verge of a range breakout (113.50-112.90). USDJPY: Selling pressure remains very strong at 20MA, a descending channel is still evident in the hourly chart. On top of this, the daily indicators are staying bearish, but...

KeytoMarkets

The single currency is in free fall mode again, trading below 1.1400 and 20MA as well, as the dollar strengthens across the board. On Monday session, EURCHF is the biggest loser among EUR/XXX flipside EURGBP leads with 0.95%. Although Friday’s strong move post disappointed NFP data, the euro failed to handle 50MA. Slowing economic growth and trade-war concerns are...

KeytoMarkets

In the worst week for the Australian dollar over the previous two months, the AUD down between 1.50%-2.50% across the board after Last Monday’s gap up opening. Intensified trade-war risk, weak local macroeconomic data and soft Chinese data keeping lid on the AUD. The combination of risk factors trade war, soft Chinese data and weak local economic data and concerns...

KeytoMarkets

Last hope remains between 1.0525-1.1485<1.0400, 1.0350/1.0325 The 161.8% A-B-C corrective structure points at 1.0480 (1.1175-1.0850-1.0994) The H&S pattern aiming at 1.0525, so far today's low is 1.0524 Overall between 1.0525-1.0480 is major support – a break would trigger a downgrade

KeytoMarkets

The Brent crude oil ended the month 22.00% marked its first biggest one month fall since July 2015, several events cause the fall in Oil prices. Ahead of the OPEC meeting this week the price is sitting at the crucial juncture. Over the weekend developments, Oil price opened higher on Monday as trailing stop losses have been stopped out who sold with against the...

KeytoMarkets

AUD will be higher on the early Asia bid led by the outcome of Trump/Xi Working Dinner. The Whitehouse Press release stated “highly successful meeting” AUDUSD-Stiff resistance between 0.7380-0.7420 its 200MAs AUDJPY could rally further to 84.50 (KTM's target) Full statement: www.whitehouse.gov

KeytoMarkets

Brent crude oil remained well bid overnight, but broader picture remained capped by headwinds from supply concerns whereas traders remain to focus on G20 summit in Argentina. We could expect a relief rally/oversold rally if market senses a trade deal between US-China. The new technical profiles are consistent with a temporary bounce in oil prices. We forecast...

KeytoMarkets

As long as 1.2660 is support look for 1.3000 and 1.3130

KeytoMarkets

The price falls just kicked up another gear We forecast most of the danger is behind As long as 0.9100 is resistance, sell the rallies favors the near-term trend NZDCAD traced out a near-term price top near 0.9060-0.9100 via the formation of a multi-top pattern. The daily oscillators are very bearish with the RSI is propelling down, and the oscillator has...

KeytoMarkets

Recent pullback enables the cross to gather momentum to trigger a new round of rallies. The pickup of the daily indicators indeed pleads for another test of the resistance at 1.6770. A break of this level would be needed to initiate a strong recovery to 1.6850, 1.6920 its 20MA and 1.7080 levels.Note that a drop below 1.6640 would pause our bullish view. The...

KeytoMarkets

USDJPY: On Tuesday the cross failed to gain a footing above the Monday high 112.90 which coincides with 50MA. Underneath the indicators give a bearish outlook with RSI sloping down and the oscillator is remaining bearish. Support at the 100MAs has held so far firm keeping the momentum in a tight range between 113.00-112.00. However, the reaffirmation of support at...

KeytoMarkets

Last week EURGBP was the top euro cross gainer after it rose more than 1.80%. As protracted buying triggered a break of 100MA. Overnight the euro cross settles above 100MA confirming sustained upside sentiment. On the upside, despite recent 2.00% rally, we focus on the parallel resistance zone 0.8940-0.8970. A break above the higher end of the resistance zone may...

KeytoMarkets

The daily oscillator has picked up, and the price manages to hold the parallel support zone, moreover the daily RSI recovering from the oversold territory. Last week the cross was seen to recover to 1.6680 ahead of the resistance at 1.6730. A breakout above the resistance 1.6730 could strengthen the upward momentum, with a new target the resistance levels around...

KeytoMarkets

Brent oil log sixth straight weekly loss, the fall last extended for eight straight weeks between June-August 2015. www.keytomarkets.com Chart : twitter.com Oil bears need to close below last week’s low to add more shorts. In this case, Brent may have legs to extend correction towards 63.50$ below here the focus shifts to 61.50$-60.00$. However, the limited...

KeytoMarkets

GBP insights: GBPAUD: Focus on the parallel support which coincides with the 38.2% fib reaction GBPCAD: Focus on the lower end of the range and 61.8% fib reaction GBPCHF: Caution will be ordered if break below 1.2750 GBPJPY: Traced out a near-term price top GBPUSD: Focus on the parallel support GBPNZD: Focus on 50.0% and 61.8% fib reactions GBPUSD: Focus...

KeytoMarkets

The cross is back against the early October high and traced out a negative daily RSI divergence. Ahead of the data support finds at 113.30 below here focus shifts to 113.00 its 20MA and 112.80 its 50MA. A daily close below the last support/50MA could give way to slide upto 112.00 its 100MA. Flipside resistance seems to be at 113.70, 114.00 and 114.20. A break out...

KeytoMarkets

AUDUSD has gained some 2.40% since September Labor force data. The erosion of the 0.7300-0.7315 thresholds is highly encouraging all the more so as the daily volatility tends to increase markedly and as the daily indicators are mildly bullish. Besides, the pickup of the weekly indicators also underlines further upside potential. A break of these last barriers...

KeytoMarkets Updated 

Break down the 2y7m ascending channel- focus shifts further down to 200MA www.keytomarkets.com