The employment data for the UK turned out positive for the GBP. The number of people in employment increased to a record high in the latest quarter. The GBP appreciated greatly against the EUR today and since its already late, the end of the movement might be here. Retracement back to the mean is expected and as depicted on the chart. However, low activity...
I was pretty sure on this retrace as we see it hit the target areas like clockwork. I’m pretty sure the buy is a good entry point with a continue slow and steady increase back to the sell point. Once we hit $0.53 again we may see one more retrace back to the black support line. Followed by support and an exponential increase in price to $0.58 will have a little...
NAS100 dropped yesterday after 17:00. It is possible that we see a retracement today as per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible...
XAUUSD has moved rapidly downwards yesterday after 17:00 (GMT+3) when the USD appreciated greatly. It has not yet fully retraced to the expected 61.8 FE level after finding significant support. As indicated on the chart, breaking the resistance is essential for a confirmation of a further retracement back to the 30-period MA....
The monthly chart on XAUUSD shows a great BULLISH setup. A horizontal support level around the $1955 has been broke and confirmed. Also, a descending trendline support has been broke and confirmed. Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high...
From last few days SnP500 is been on enormous bullish run. Every time after providing pivot to inclining trendline it just flew away. After looking to past data will the instrument provide 3rd pivot to inclining trendline?
I believe that price is retracing bearish for its 4H higher low, in the meantime, intraday swings on a lower timeframe must correlate with becoming bearish. The 1H has already began creating lower lows and a lower high. I will monitor to see if price creates a higher high of gets rejected at a key neckline, resistance, trendline, and reversal area. There's a lot...
GBPJPY was in nice bullish momentum but now currently facing a sell pressure from bearish divergence. Will bearish divergence play its role and put the pair into 172.50 region ?
As USDCHF is in bullish trend and trading in bullish parallel channel. Currently USDCHF is retracing from top of the channel and reaching at support zone. Will the buyer attack on support zone and push price to higher side?
The pair is expected to retrace as per the arrow. US Consumer Confidence Slipped in May, Inflation expectations remained elevated pushing the USD for appreciation intraday. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...
How I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little...
Gold should reach around the 50% retracement (around 1842) for the minute wave ((2)) and continue for the rally ? The minuette (iii) wave should be done today or this week to regards on the momentum stochastic daily and should reverse to targeting the wave minuette (iv) Trade Strategy : The Stochastic Weekly momentum bearish reversal are made but be aware of...
The index has been moving upwards for days. Yesterday it experienced a rapid shock upwards as the U.S. stock market seems to have experienced this in general. The retracement could possibly happen even before the NYSE opening if the index breaks significant support levels indicated with red line. Potential movement is as per the arrow....
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I just opened a short on Mana, expect a retrace back to 0.4931.....stay tuned
Gold broke down to a Low on the 4H however it didn't confirm the break with a new bearish candle but rather an indecision candle followed by a bullish engulfing. This counter trend setup is based on a false break. the 1h TDI is still bearish. This setup is based on the 30min and 5min already up trending. This is attempting to buy the pullback.
Hello everyone, UJ began its official bullish momentum before the end of last week. Now that price has broken above EMA's and formed a double bottom respecting our demand zones, it will be in everyone's best interest to start looking for ways to enter into the bullish market. In this idea, I'm projecting that price will begin to reject in 136.300 price area and...
Same for bitcoin but for Ethereum is a bit different. Ethereum had made of its own roadmap; so it’s going to be a bit of a roller coaster. 400-550 area is the bottom for Ethereum. The blocks from it going to be incredible before bitcoin halving in April of 2024. History is slowly repeating itself of all cryptos ( some of it had gone there before). The new uptrend...