South America stocks available through ADRs at ActivTrades

Lima, Peru stocks.

ActivTrades is once again innovating and providing its customers with a variety of trading instruments for better diversification and access to non-traditional markets like shares of the most important South American companies. The stocks listed on the exchanges of Lima, Peru and other main financial centers in Latin America are now available for trading through ADRs at ActivTrades. Visit the Web page below to see in detail the other great instruments available to participate in emerging markets and to see the different margin requirements and commissions on these products.

https://www.activtrades.co.uk/index.aspx?page=cfds_commissions

Huge pullback on the USD/JPY

The Dollar weakened versus its main counterparts after the FED announcement, but just as it fell, we also saw some big retracements on its main crosses. On the Dollar versus the Yen, we see that the pair initially fell below the round number level of the 120.00 and the 200 period exponential moving average on the 4 hour chart (blue line). The pair managed to make a low around the 119.29 level, but it goes back to the upside leaving a relatively long lower shadow, just to go back above the 120.00 level. From this point on we may see a continuation of the drop, but can also tell that the buyers have taken control of the situation. The 121.00 level could become a good resistance for the pair and a pullback all the way to that level could have the price bounce back down from there. 

Double top on the NZD/USD?

The New Zealand Dollar versus the US Dollar has been trading within a well-defined range between the 0.7400 and the 0.7300. On the last two visits that the price made to the 0.7400 area, we can notice that it has not been able to break above that level and stay over it. Now the price has come back to the 0.7300 level and it has formed what it appears to be a double top pattern. The confirmation line or neckline is right on the 0.7300 level, which indicates that a possible breakdown of that level could take the price all the way to the 0.7200 zone, which has been a very important support level for the pair. 

Possible bearish bounce on the EUR/USD from the 1.0600

The Euro versus the Dollar goes back up above the 1.0500 level and makes a 100 pip move to the 1.0600 zone. Once the price got to that level, it tries to break it to the upside, but the bullish momentum loses strength and the price comes back down. At the moment the price may try to head back down to the 1.0500 level, but that level could become a good support for the pair. We can notice on the 5 minute chart of the EUR/USD that the price has already visited two times the 1.0500 and that level has held the price from falling further.

New low on the EUR/USD

The Euro returned to its downtrend versus the US Dollar and drops below the 1.0500 level to reach a new low at the 1.0461 level. At the moment the pair is trying to pull back to the upside, but most probably it will close below the 1.0500, due to the possibility that this level could become a good resistance. Let’s wait and see if next week the downtrend continues and the pair reaches the 1.0400 level. From this point on, the pair is heading closer to parity, just like analysts have been forecasting lately.

AUD/USD: Consolidation around the 0.7700 level

The Australian Dollar versus the US Dollar is consolidating around the 0.7700 level and it stays below the 200 period exponential moving average on the one hour chart (blue line), after a bullish retracement on a day that has shown some weakness on the greenback. From this current level the price may head in any direction, but since the trend coming into this consolidation is bullish, then there are more probabilities of seeing a breakout to the upside. If we see confirmation of the breakout and a pullback to this same level, especially to the 200 period moving average, then we may get an opportunity to go long.

Good rally on the NZD/USD

The New Zealand Dollar has suddenly risen versus the US Dollar after comments from the New Zealand Reserve Bank, where they confirm that interest rates will stay at current levels for a prolonged period of time. This has caused the NZD/USD to rally 100 pips from the 0.7200 level to the 0.7300 level, where we can also see a little bit below that level the 55 period exponential moving average on the one hour chart. This area is currently acting as a resistance for the pair and it is possible to see a bounce to the downside from this levels, due to the fact that the downtrend is still in place. However, if we do see a breakout to the upside, the price may try to reach its next round number level of the 0.7400 area where we can also notice the 200 exponential moving average on the same one hour chart.