GA is approaching some key levels really fast with the big bullish run last week this level is 1.88414 and this has not been reached since June 2016 nearly 3 years ago, current price is only 60 pips off this level.
Now there are correlating pairs that we look out for when trading and most of you might not even know that when these pairings move in 1 direction...
After a bearish week, The EURUSD is doing a retracement to keep with the uptrend? or Are we seeing the end of the 2017 bullish trend? also the US Dollar Index won strength las week, so... who knows. My recomendation is to WAIT until the market defines the consolidation of the uptrend, or the price breaks below the previous low.
At the same time we are finding a...
The EURMXN maintains the bullish momentum after the good economic results released during the last press conference two weeks ago by the president of the European Central Bank, Mario Draghi (Find below, all the ECB press conference highlights)
The pair couldn't break the previous resistance now support zone, maintaining the up trend. My recommendation is to buy...
After a bearish week, the USDMXN found a support level (@18.55) that sellers could not break (yet), regardless that the US Dollar Index keeps losing strength, it is a good opportunity to buy with a 2:1 risk and reward ratio with our target @19.26 and our stop loss @18.41.
The AUDUSD pair it is finding a resistance level at 0.78894 that matches with a 0.618 Fibonacci level, if the price breaks above this level, it is a good opportunity to buy, expecting to find the next supply zone at 0.80452.
If the price rebounds below the resistance, we can sell short, with our target at the fibonacci level 0.382 at 0.77450 (previous support...
After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67.
Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous:...
At the end of the first week of 2018 the USDMXN pair found a pivot point matching a previous resistance (now could work as support) and a demand zone. My recommendation is to wait until the price confirm the downside breakout to sell short with the target at the next support point at 18.52, if the price breaks the down trend, we can buy with our next target at...
The EUR/USD pair drifted a bit higher during the trading session on Thursday, reaching towards the 1.20891 level, touching a resistance zone and making a "double top". At this pivot point is better to wait the resistance breakout confirmation to buy with our target at the next pivot piont at 1.22482.
If the price couldn´t break above the resistance level, we...
Keeping the downtrend at the EURUSD, the quote rebounds in the demand zone at 1.17264 making a retracement to the 0.236 fibonacci level wich match with the first supply zone waiting for the MACD to confirm the shortselling entry.
1)Supply Zone 1:
Entry Price: 1.17457
Stop Loss: 1.17593
Target: 1.17129
Risk & Reward Ratio: 2.41
Fibonacci...
After the US jobless claim news was negative (forecast=231 vs 239K) the EURUSD quote made a rebound at the .618 fibonacci retracement to keep going in a sideways trend between 1.16643-1.1694 (resistance zone) and 1.15739-1.15660 (support zone). As this week haven't seen too much volatility at the FX market my recommendation is to wait until the quote touch the...
After the head&shoulder daily chart formation and keep going up with the trend, the quote made a fibonacci retracement to the 0.382 level to finished last week at the resistance (possible resistance becoming support point) level 1.27155, we are waiting the quote to confirm the end of the retracement to go long, if the quote keeps going down, the objective is the...
While the major EURUSD daily trend still going down, last week we did not see a big move creating a base over the trend waiting the market to break the sideways support zone (1.16085 - 1.15739) keeping the downtrend to sell short with the objective at 1.14871 (the next demand zone) and with the stop loss over the support zone at 1.16085 at least.
Mientras que la...
