Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
SCHATZ TECHS: (Z9) Sideways
*RES 4: 112.230 High Oct 11/14
*RES 3: 112.180 High Oct 15
*RES 2: 112.165 Low Sep 13 and former breakout point
*RES 1: 112.130 High Oct 17 and intraday upside trigger
*PRICE: 112.070 @ 03:25 GMT Oct 24
*SUP 1: 112.065 Low Oct 17/21 and bear trigger
*SUP 2: 112.025 0.618 projection of Sep 3 - Sep 13 decline from Oct 3 high
*SUP 3: 112.000 Round number support
*SUP 4: 111.945 0.764 projection of Sep 3 - Sep 13 decline from Oct 3 high
Z9 Schatz is consolidating. From a trend perspective, the direction remains
down. To threaten this outlook, prices need to move above initial resistance at
112.130, Oct 17 low. Such a move would also have positive momentum behind it
which is currently in oversold territory. A break higher would open 112.230, Oct
11/14 high. On the downside, a move below 112.065 would instead confirm a
resumption of the broader downtrend in place since Sep 3.