FrancescoMarcuzzi

FrancescoMarcuzzi Updated 

First of all, Happy New Year to everyone. After a retracement that started on 28 December, EUR/USD seems ready to start its ascent again. On the chart the interesting area is around 1.08830, which corresponds to the 0.618 Fibonacci level and a dynamic support that started in November (although I don't like dynamic supports). What convinces me most, however, is...

FrancescoMarcuzzi Updated 

After a November in free fall, the dollar has regained some strength in the last 10 days. is this just a retracement or a route change towards the October highs? Hard to say, but we are certainly now approaching an important zone between 104.5 and 105 (105 also psychological threshold). Again the same zone corresponds to the high of 31 May and the 61,8% Fibonacci...

FrancescoMarcuzzi

As written in the dollar index analysis, Tuesday and Wednesday are two important days to understand the coming weeks. If the bearish view on the dollar is correct, we can expect a further descent of the USD/CHF pair. Analysing the chart, we are approaching an important area, which corresponds to the POC and the 50% Fibonacci of the descent that began in...

FrancescoMarcuzzi

After a strong upward movement, we have been witnessing a descent of EUR/USD for a few days now. This range aligns with the 0.618 retracement level and represents a dynamic support stemming from the lows in October. Adding to this, it coincides with a significant support level observed on May 31. Inversely, this can be coupled with the dollar chart, which is...

FrancescoMarcuzzi

After the strong reaction of the dollar to the inflation data we saw a very strong rise, but now as is natural there is a small retracement before continuing upwards. The area identified is 1.2309, and it is an important point for several reasons. -it is the 0.618 retracement zone of the recent rise -on a daily basis, it corresponds to a low of 26 May, which...

FrancescoMarcuzzi Updated 

Similarly to EUR/USD, the price broke a long bearish period to the upside. A retest around 1.215 is expected, which corresponds to the 0.786 fibonacci level and a high volume area. If the price retraces, one should be careful to look for a long in this area.

FrancescoMarcuzzi Updated 

The EUR/USD pair seems to have broken upward from the descent that has been going on for weeks. Looking at the dollar chart we can see that the price, after reaching the 0.5 retracement level, did not have the strength to break to the upside. The latest news seems to indicate a phase of weakness for the dollar. Looking at the hourly chart, after the...

FrancescoMarcuzzi

On the daily chart there was a clear break of the descending trendline that began in mid-July. Going down on the hourly timeframe there has been a triangle break, in the short term I think price could go down to retest the break area and then move higher. I am here to learn, corrections or opinions are welcome.

FrancescoMarcuzzi

Price close to the fateful 150 threshold, a price that the BoJ does not seem to want to cross. On the daily chart there is a divergence which could indicate a loss of strength in the bullish trend. A double maximum has recently been formed, a short-term short can therefore be considered which gives breathing space to the pair, the levels identified are 38.2...

FrancescoMarcuzzi

This is my idea. What do you think ?

FrancescoMarcuzzi

This is my opinion

FrancescoMarcuzzi

This is my idea. What do you think?

FrancescoMarcuzzi

RSI divergence. Sell on the brackout . The trade is similar to GBP/NZD.

FrancescoMarcuzzi

RSI divergence. Sell on the brackout.