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Bullish Continuation

All articles tagged with #bullish continuation

finance2 years ago•2 min saved

Natural Gas Breaks Resistance and Soars, Defying Previous Year's Performance

Natural gas surged to new trend highs, breaking above the prior swing high of 3.02 and confirming a trendline breakout. The price is currently testing the 200-Day EMA resistance, which has not been breached since last December. The completion of a Fibonacci extension level at 3.18 adds to the potential resistance. If the price continues to rise decisively, it could signal a bullish continuation with higher targets at 3.28 and 3.38.

via FX Empire|

#200-day-ema #bullish-continuation #finance

forex2 years ago•1 min saved

ECB speakers discuss inflation and key levels to watch for EUR/USD and EUR/JPY.

The euro's bullish momentum is back in focus as the dollar weakened following Federal Reserve Chairman Jerome Powell's testimony in front of the U.S. House Financial Affairs Committee, which stressed a more gradual pace of rate rises in the future. A bullish continuation appears in play in EUR/USD, with further upside remaining constructive upon a daily hold above 1.0965 and upside levels of resistance at 1.1033 and 1.1100. The MACD hints towards extended upside momentum, but the bullish continuation would need to be reassessed in the event the pair trades and closes below 1.0910.

via DailyFX|

#bullish-continuation #eurusd #forex