Posts Tagged ‘Current Market Price’
EUR/JPY–The EuroDollar vs. the Japanese Yen
The Euro seems to be doing not so well lately. It has lost ground to the British Pound, Australian Dollar, and this past month the little Yen of Japan, usually held down by its own government, has joined this world wide upside down rally, if you will. Check out the perfectly symmetric tunnel it is taking on its downwards trend. The RSI shows the trend clearly. It is approaching a rather significant support line that may cool off the strong downwards fall it has taken to the Yen lately. This resistance may indeed break this strong trend as it has broken the long downwards trend before it as shown in the left side of the Chart below. The Chart shows the strong support extending just below the current market price. Add to this the fact that the RSI is getting close to being oversold and is approaching, at this rate, oversold territory, and you have a picture of a possible trend reversal that is worth looking at for investment as close as a few days from now.
This is how the Chart looks:
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It’s great BILLITON in London
The FTSE stock Billiton has been in a bullish swing since July. It has recently passed a technical resistance milestone with fervent zeal and the longer-term SMA’s 21,34, and 55 support a continuation of this trend. The RSI’s trend is also positive and the angle of the upswing is suggestive of a long term phase. The angle was low at the start, then rose somewhat and now seems ripe for the picking at about 45 degrees incline. Current market price is 1995. The next resistance is at 2200 (11% above market), and the 1st support is at 1865, the suggested stop at 1890.
This is the way its graph looks:
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Follow the Trend, my friend
Lenovo Group, a Hong Kong market member, is in a long, long and quite slow(year long) trend up. That trend seems to be building momentum recently. The ordering of the Moving Averages SMA and the trend up of the RSI 21, plus the breaking of a three-month sideways recently makes Lenovo worth considering. Not to mention the 27% gain for the stock until its next resistance, with a support at about 30% below the current market price. Take a good look at it and see. This investment, however is intended for a longer term–that is why the weekly chart is used. Be patient and do a lot of Transendental Meditation, be in true control and there is a good chance to win a pot with this nice looking equity.
This is the way its graph looks:
