USDCAD is reaching the 1.3800 USDCAD reached 2018 high. This is the intersection of strong horizontal resistance and a long-term downtrend Pitchfork channel. A break above this level is required for an upside continuation. A rejection here which is happening would lead to a deeper pullback to a 1.3100-1.3200 […]
USDCAD is reaching the Apex Read More »
Copper is testing the 3.2000-3.2500 zone Copper is going for a test of the strong support 3.2000-3.2500 zone. A break below this zone could lead to a more profound decline. Bounce here will relieve longs and could lead to an attack on 3.4000. The most probable outcome is consolidation
Copper is going for the strong support test Read More »
SPX is testing 3750 SPX is trying to confirm a break below the long-term channel support. A break below 3750 will lead to a further acceleration lower to the 3400-3500 zone. It has formed a descending wedge and in combination with positive RSI divergence, it gives us a probability
SPX is testing the long-term channel Read More »
USDSEK is touching a 2001 high USDSEK is touching 11.1050 which is a 2001 high A rejection here is required for a deeper pullback to 10.500 which is also the low of the upside channel. Further strength from here should be fairly limited as the DXY is reaching strong
USDSEK is reaching the Apex Read More »
GBPUSD is retesting the low GBPUSD is testing again the 1.1350. A bounce from here is important for a reversal higher and a break above 1.1400 would unleash the attack on the 1.1600-1.1800 zone for a complete reversal higher which is possible taking into account positive technical indicators divergence.
GBPUSD is testing the falling wedge low Read More »
