EURJPY TECHS: Northbound
Nov-20 07:04
* RES 4: 183.07 1.764 proj of the Jul 31 - Sep 29 - Oct 2 price swing * RES 3: 182.75 Bull channel t...
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AUDUSD TECHS: Candle Pattern Highlights A Potential Reversal
Oct-21 06:59
- RES 4: 0.6726 1.236 proj of the Jun 23 - Jul 24 - Aug 21 price swing
- RES 3: 0.6660/6707 High Sep 18 / 17 and a bull trigger
- RES 2: 0.6629 High Sep 30 & Oct 01 and key short-term resistance
- RES 1: 0.6548 50-day EMA
- PRICE: 0.6497 @ 07:58 BST Oct 21
- SUP 1: 0.6440 Low Oct 14
- SUP 2: 0.6415 Low Aug 21 / 22 and a bear trigger
- SUP 3: 0.6373 Low Jun 23
- SUP 4: 0.6357 Low May 12
AUDUSD is in consolidation mode. Price action on Oct 14 continues to highlight a possible reversal pattern - a hammer candle. It signals the end of the bear cycle that started Sep 17. Note that MA studies have remained in a bull-mode position during the latest bear leg, highlighting a dominant M/T uptrend. Initial resistance is 0.6548, the 50-day EMA. A breach of 0.6440, the Oct 14 low, would cancel the reversal signal and reinstate a bear threat.
GILTS: Opening Calls
Oct-21 06:57
Gilt Opening Calls, 92.83/92.85.
EQUITIES: EU Cash Opening Calls
Oct-21 06:56
Estox 50: +0.21%, Dax: +0.23%, CAC: +0.19%, FTSE +0.43%, SMI +0.23%.
