KeytoMarkets

KeytoMarkets

JPY setting the stage vs USD on new trade jitters Data wise today’s main focus will be on the release of the August NFP Starting near-term pullback USDJPY traced out a near-term price top between 111.75-111.83 in August-September via the formation of a double top pattern. Ahead of the August NFP data, the outlook remains exceptionally bearish; a rectangle...

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The Swedish Krona fell more than a percent since July policy review against the USD and EUR. After hitting a high in August, the crosses EURSEK and USDSEK fell nearly 2.0%. Selling pressure remains very strong, a descending channel is still in evidence in the daily chart. These dips would enable the cross to gather momentum ahead of a new round of rallies. The...

KeytoMarkets

Supports are at 9.0340 below here, 9.0000 exists. A break of these would be needed to initiate further retracement to 8.9830 and 8.9550 its 50MA. Resistances at 9.0925, 9.1630 and 9.1880. The erosion of these thresholds would be needed to initiate a more pronounced recovery to August high 9.2470 and 9.3280. The daily RSI has been propelling down, and the...

KeytoMarkets

The GBP crosses were outperformed across the board, but the cable closed with marginal losses. On Tuesday, EURGBP falling briefly below 0.8900 levels but manage to hold the 20MA and closed at 0.9000 levels. Ahead of the today’s macroeconomic data risk, now, the support for the EURGBP will now come in between 0.9000- 0.8990 while bulls only regain strength only...

KeytoMarkets

A level to watch is 1.1585 below here 1.1550, and 1.1530-1.1500 exists. Last week the price has tested and held the resistance 1.1745. Ahead of the macroeconomic data risk 1.1530-1.1500 is an exciting place to watch carefully. A break below this support zone would erase our earlier bullish EURUSD view. Bulls will regain the intraday strength only above 1.1630....

KeytoMarkets

This morning the cross fails to breach the March high 1.6190, Asian session high was 1.6169. Looking at the more top time frames between 1.6190-1.6250 the cross will face immense selling pressure. The 100.0fe is pointing to 1.6190 coincides with the March high.

KeytoMarkets

Since the oscillator and the RSI are cooled on the H4 chart, we cannot rule out a rally to resistance 1.1650, and even to 1.1690, Last Friday’s pullback to the support enables the pair to gather some momentum ahead of this week’s critical macroeconomic releases either side. Intraday pivotal finds at 1.1550 below here 1.1530 and 1.1500 exists. A break below the...

KeytoMarkets

Selling pressure remains very strong, this week AUD down range between 1.75%-0.05% against most-traded currencies. On the final day of the month, the AUD declines 0.20% against the GBP and CHF and 0.15% against USD and JPY (11.10AM AEST). In anticipation of RBA to leave the interest rates changed at 1.50% in next week’s meeting, we forecast the AUDUSD will remain...

KeytoMarkets Updated 

The cross-price action and the underlying study RSI has been capped. We expect further weakness is anticipated to 1.3000 and 1.2950 and even lower to 1.2850. Weekly pivotal finds at 1.3050 with resistance have seemed at 1.3120 and 1.3175. Trade: Sell at 1.3120 stop loss slight above 1.3175 targets 1.3000 and 1.2950. The selling pressure accelerates once it closes...

KeytoMarkets Updated 

Brent oil price fell 1.0% last week for a third week in a row, as the Turkish Lira crisis ignited the economic growth concerns. On Monday the oil price volatility stabilized, and the price inched up by 0.6%. From June high’s the price declines for six weeks out of seven. Recent weakness attributed to the ongoing trade concerns and a dip in global economic growth,...

KeytoMarkets

The erosion of the 1.1625-1.1630 thresholds is highly encouraging. A break of these would be needed to initiate a more pronounced recovery to our target.

KeytoMarkets

USDJPY manages to hold the 38.2% fib reaction (104.60-113.17 rally) earlier this week. Since the daily oscillator has picked up and as the daily volatility has stabilized, further rally is anticipated if the condition is satisfied. Condition: USDJPY sounds finally to retest the resistances seems between the 50.0% fib reaction (113.17-109.77 fall) and 111.65 prior...

KeytoMarkets

The USD has strengthened modestly on the Asia session overall, regains lost ground overnight. The US dollar well bids in this Asian session against the G10 currencies. The euro added 0.45% to sell for 1.1550, erased overnight gains this morning. In case of easing trade tensions between the world’s two largest economies US and China, global risk sentiment should...

KeytoMarkets

Since the daily oscillator has turned to bullish and as the daily RSI has been making a higher low, rallies are anticipated towards 7000$. A return above the 6500$ we could expect a short-term rally to 6800$ and 7000$ levels. supports are at 6400$ and 6190-6100$ levels.

KeytoMarkets

EURNOK : NorgesBank interest rate decision @10.00am local time Traced out a near-term top near 9.6212 via the formation of a double top pattern. Upside breakout could push further higher to 9.6870 and 9.7200

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Australian dollar pulled up some 60 pips after the July labor force data July unemployment rate remained stable whereas the economy created fewer jobs Overnight, the price held 78.6fe (0.7675-0.7310-0.7480)find at 0.7200 The cross AUDUSD rose as much as 0.30% following the July employment data. Post-the data released the cross made a high at 0.7270 and...

KeytoMarkets Updated 

Copper price falls to the 50.% fib reaction< 200ma (weekly) exists. The trend remains bearish, could fall even further to 2.50-2.45 its 61.8% fib reaction

KeytoMarkets

The euro cross traced out a near-term price top near 0.9030 in 2017-2018 via the formation of a double top pattern. The daily studies RSI and oscillator have been shifted bearish. The shift in sentiment indicates that rallies to resistance at 0.8970-0.9030 should attract selling interest, with substantial support finds at 0.8900 and 0.8840. Below here, the focus...