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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Technical Analysis XM Investment

on Sun May 31, 2015 11:29 pm
EURUSD resumes downside after failing to break above cloud
Posted on May 29, 2015



EURUSD rebounded from 1.0818 and after testing the 61.8% Fibonacci retracement level of the upleg from 1.0519 to 1.1466 the pair has found resistance at the top of the Ichimoku cloud.

The near-term outlook is bearish as the tenkan-sen crossed below the kijun-sen line. Also RSI remains below 50 in bearish territory. There is scope for prices to retest the 61.8 Fibonacci and if this level fails to provide support, prices could fall to the next Fibonacci level of 76.4% at 1.0722. Such a move below the cloud would strengthen the downside bias.
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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Re: Technical Analysis XM Investment

on Thu Jun 04, 2015 1:50 pm
EURUSD rallies above 1.12 but reversal is likely



EURUSD rallied to a high of 1.1284 on Wednesday and eased down early on Thursday to find support at 1.1243, which is the 23.6% Fibonacci retracement level of the upleg from 1.0519 to 1.1466. The pair had a strong bullish momentum after bouncing from 1.0818 and rising above the daily Ichimoku cloud. RSI rising above 50 also highlighted the bullish bias.

The 1.1500 level is a critical level and a decisive break above it would strengthen the bullish case. However correction is due in the near-term as the RSI is appearing to reverse back down. The tenkan-sen crossed below the kijun-sen line and this is also a bearish signal. There is scope to fall to the 38.2% Fibonacci at 1.1106. A fall below 1.1000 (the 50% Fibonacci) would shift the recent uptrend back to neutral. A break below the multi-year low of 1.0461 (reached on March 2015) would confirm the long term bearish trend that has been in place since the decline from 1.3992 in May 2014.


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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Re: Technical Analysis XM Investment

on Wed Jun 10, 2015 1:57 pm
EURCAD bullish after inverse head and shoulders formation




EURCAD has pushed above the daily Ichimoku cloud but found resistance at the 38.2% Fibonacci retracement at 1.3994 of the decline from 1.5583 (March 2014) to 1.3021 (April 2015). There is scope for a correction back to the neckline of the inverse head and shoulders pattern at around 1.3785.

The outlook is quite bullish because of this inverse head and shoulders chart pattern. This pattern usually indicates a reversal of the prior trend, in this case the downtrend from 15583 to 1.3021. The pattern is only completed after it breaks the neckline.

EURCAD has scope to target the 50% Fibonacci at 1.4298. There is room for further upside momentum as indicated by the RSI which is above 50 in bullish territory.
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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Re: Technical Analysis XM Investment

on Mon Jun 15, 2015 10:20 am
NZDUSD strongly bearish below 0.7000
Posted on June 15, 2015 at 7:17 am GMT


The downside bias for NZDUSD remains strong after prices fell further on Friday to a new 5-year low of 0.6941.The pair has been unable to reclaim the key psychological level of 0.7000 giving the likelihood of further weakness. Prices continue to track the lower Bollinger line and this supports the bearish bias.

Immediate support lies at Friday’s low of 0.6941, while the next support lies at 0.6885, which is the 50% Fibonacci retracement level of the upleg from 0.4881 to 0.8846 (2009 to 2011 rise). To the upside, 0.7000 is an important barrier where prices could bounce back down from.

The overall outlook for NZDUSD is bearish and the market has been in a downtrend since the July 2014 high of 0.8835. RSI is in bearish territory below 50 and the Bollinger Bands are falling – all of which are bearish signals.
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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Re: Technical Analysis XM Investment

on Thu Jun 18, 2015 12:05 pm
GBPUSD bullish outlook with scope to target 1.6000
2015-06-18



GBPUSD surged on Wednesday to a high of 1.5846, surpassing the May 14 high of 1.5813. The outlook is looking very bullish after the tenkan-sen crossed above the kijun-sen line. RSI is also indicating the possibility of further upside momentum as it is in bullish territory above 50 and not quite in overbought conditions yet.

GBPUSD has the potential to reach 1.6000 but in order to achieve this it would have to get over the 50% Fibonacci retracement level of the downleg from 1.7190 to 1.4564. This level lies at 1.5882. In the case of a pullback, prices would fall towards support at the 38.2% Fibonacci at 1.5563.

Overall, the outlook is bullish as the market is above the Ichimoku cloud and above the 100 and 200-day moving averages.
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J_Vikman
Broj poruka : 20
Points : 887
Date of Entry : 2015-05-25
Godina : 27

Re: Technical Analysis XM Investment

on Mon Jun 22, 2015 2:10 pm
EURUSD reverses earlier gains but maintains bullish bias



EURUSD was trading lower by mid-morning in European trade having touched a high of 1.1402 earlier in the day. The intra-day bias is to the downside as the stochastic oscillator is giving out bearish signals with %K crossing below the %D line.

The nearest support is at 1.1218, which is the 61.8% of the Fibonacci retracement level of the downleg from the May 15 high of 1.1466 to the May 27 low of 1.0818. However, the medium-term outlook is still bullish with prices continuing to trade above the Ichimoku cloud and the Tenkan-sen and Kijun-sen lines are positively aligned above the cloud. RSI also remains above 50.

The key resistance level for EURUSD is the May 15 peak of 1.1466. Failure to break out of this resistance level would likely shift the pair into a range.
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