KeytoMarkets

KeytoMarkets

The major failed to hold a footing at 1.1300 triggering a retracement to 1.1230. The indicators give a mixed outlook as the RSI on Daily and Weekly fell to oversold level, 30.00 but look set for a sell signal and the bearish oscillator crossover has waxed. We now focus shifts to 1.1200/1.1180 it’s 61.8% fib reaction of Jan 2017 low-Feb 2018 peak. Overall rallies...

KeytoMarkets

EURUSD capped again at 1.1500; is moving further away from the 1.1300 mark. Weekly corrective A-B-C structure pointing 1.1040 and 1.0500 The 61.8% fib reaction@1.1180 and 80.0%@1.0800

KeytoMarkets

In majors, our key focus remains on EURUSD as the price has been hovering tad above parallel surface 1.1300. Weekly pivotal finds between 1.1300-1.250 below here focus turn to 1.1200/1.1180 it’s 61.8% fib reaction of Jan 2017 low-Feb 2018 peak. The technical landscape has not changed since mid- August; we still believe 1.1300 is the critical level to focus ahead...

KeytoMarkets

The yellow metal failed to cling on to its gain after breaking out above 200MA (Weekly) earlier and currently trading below the 20MA daily. Given the daily indicators are remaining bearish, cautious remains in order with an eye on the support at 1216.00$ it’s 100MA and 1210.00$ its 50MA. A break below of these last support level would drag the price further to...

KeytoMarkets

A move above the higher end of the resistance zone would point to new acceleration towards 150.50 and 151.00 levels.

KeytoMarkets

The pair manages to keep yesterday’s gains and is now trading at 113.70. Looking ahead resistance zone seems between 113.80 and 114.00. A move above the higher end of the zone would point to a slight acceleration towards early October high 114.50. Pullbacks cannot be ruled out if the price fails to settle above 114.00. In this case, focus shifts to 113.40 and 113.00

KeytoMarkets

NZDCHF is facing stiff resistance at 200MA (weekly) and 20MA )monthly. NZDCAD rejected at 200MA NZDUSD rejected at 0.6820 its 100EMA Trade idea: AUDNZD: Buy between market rate (cmp 1.0710) -1.0650 use stop loss below 1.0620 targets 1.0840 and 1.0880

KeytoMarkets

Brent oil prices are down by more than 13.00% from October high’s and lost all the key MAs. Selling pressure remains very strong; a descending channel is still evident in the daily chart. However, turning to the daily indicator, RSI study reached an oversold level; currently sits at 30.0 and the oscillator is trying to form a base sooner. Technically speaking,...

KeytoMarkets

Unfolding an excellent chapter (bullish) in the ongoing GBPAUD story. Bullish reak looms Printing higher lows 1.8800 and 1.9100+ are the initial targets www.keytomarkets.com

KeytoMarkets

Since the daily studies, RSI and oscillator have been bullish, and the breakout out of the range set to round out strong weekly gains after mid-August. The price action is on course for the best week in the past four weeks, and we continue to focus on the initial resistance seems to be at 1.1790 its early July high. Above here could possible to rally further to...

KeytoMarkets

Trade: As long as 1.2600 is support look for 1.2770 and 1.2890. Day Ahead: www.keytomarkets.com We see few important Central Bank policy meetings includes Swiss Nation Bank and Norges Bank. We expect SNB to remain on hold, whereas the Norges Bank is likely to deliver first rate hike in seven years from 0.50% to 0.75%. With the recent NOK strength, we believe...

KeytoMarkets Updated 

Copper price has fallen more than 20% so far this year. Copper trading higher: It is trading higher by 0.60% on Friday morning at 2.668, manages to hold 20MA. Since last few weeks, we see the price manages to hold the 200MA (weekly) on a weekly closing basis. The outlook remains neutral-bullish; descending triangle pattern has developed in the weekly and daily...

KeytoMarkets

Intraday USDJPY resistance seems to be at 112.20 above this 112.40/112.50 exists. Flipside support finds at 111.85/111.75 its intraday pivotal, below here 111.40/111.00 exists. Given the risk around new US 200bn tariff from China imports USDJPY likely to cap around 112.40 its 100.0fe of 110.25-111.80-110. 35. EURUSD: The key support level is placed at 1.1625 and...

KeytoMarkets

The key support level is placed at 1.1550 and 1.1530/1.1525 followed by 1.1500 and 1.1460. If the price action started moving upwards, key resistance levels to watch out are 1.1615 and 1.1660. A break above the second resistance 1.1660 needed to initiate a strong recovery to 1.1730 and 1.1790. We believe ahead of the Thursday’s ECB event risk; the price action...

KeytoMarkets Updated 

Oil traders eyed fresh insights from OPEC and IEA reports Supply crunch back on the table The downside prevails as long as 79.50$-80.50$ is resistance zone The monthly OPEC report will be released on Wed, 12 Sep and IEA report will be published on Thu, 13Sep respectively. We believe this week’s Brent crude oil price action is likely to remain controlled by...

KeytoMarkets

GBP spikes again on the latest positive Brexit headlines. EUR’s chief negotiator Barnier said agreement possible early November. UK macroeconomic news support GBP. The GDP MoM growth rate was 0.3% in May 2018, 0.1% in June and 0.3% in July. Today’s UK employment data is likely to provide a larger clue for EURGBP. The cross EURGBP has hit a fresh 2018 high in end...

KeytoMarkets

The key support is placed at $1191, followed by $1190 and $1187.00. The corrective A-B-C structure is pointing to 1181$ nearly coincides with the 61.8% fib reaction. Resistance seems to be at 1196.50$.

KeytoMarkets

The key support is placed at 1.1530 (we called it as a neckline), followed by 1.1500 and 1.1470 its 100MA (Weekly). Our preference is short with targets at 1.1500 and 1.1480 in extension on a neckline breakdown. twitter.com EUR/XXX strategies www.keytomarkets.com