This is interesting. The rapid USD Strength due to risk aversion as US Consumer data weaken sharply had moved the GBPUSD 122 pips in 15 hours - real sharp move. Now the GBPUSD is rebounding 26 pips and counting to its .236 level and counting.
Recently its price moved strangely downwards. Economists say that this is technical correction after the gap created from the OPEC+ announcements for supply cuts. Further resistance near the 77 USD level would spark the retracement to the 79.4 USD level, the 61.8% of the total movement downwards. Taking into account the commodity's volatility it is more...
Today is PMI release day and the pairs are volatile. The ERUGBP happened to move rapidly upwards and now its time for a come back. Using the Fibonacci retracement levels we identify the level at which the market might retrace. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic...
Looking at a potential 80/20 setup on this pair on the 4 hour. If price does not retrace before reaching daily resistance, there may be an opportunity for a ~115 pip retracement, atleast to the 38.2 of the up retracement to gain enough momentum to continue to the upside, breaking daily resistance. The alternative is that price can complete the fib sequence off...
Dear Traders, We have seen in few weeks some strong bullish momentum on Gold largely facilitated by the Silicon bank failure which made the probability of Gold making another all time high but could not go past 2048 in the interim. As far as I am concerned, Gold id still very bullish but I think may be due for some level of entrancement. In my opinion, I see...
OANDA:XAUUSD Price is making Harmonic pattern , It's a possible cypher pattern C leg possible extension is 1.13-1.27 which is 2044-2060 area D led extension is 0.786 which is 1970 area After completion of X-A-B-C-D cypher pattern market can give retracement of 38.2-61.8 % For confirmation , C and D leg should keep in there maximum extension range to...
USOIL has been moving upwards lately. The CPI figures released yesterday have been pushing it further upwards. However there are resistance signals that the rapid movement has ended and that a retracement is taking place. As per the arrow back to 61.8%. The Fibo tool is also inline with the expectations. __________________________ Information Regarding...
This is three sell limits I just set. The idea is to benefit from a 15 pip reaction to the fulfillment of previously unfilled orders.
FDX daily expect retracement will be glad to enter long and run to moving average 100
As we can see here, we saw a two possible for confirmation of support. knowing that in mind, we can long here and place sl at lower highs and tp in the previous 0.5 fib
The AUDJPY is currently in a downtrend on the 4-hour chart. On the 1-hour chart, it has broken a significant trendline and a key support level at around 88.600. I'm anticipating a retracement to this level, which also aligns nicely with the 618 Fibonacci retracement level of the latest impulsive move. To monitor price action at this level, I have set up an alert....
Hello Traders! Welcome back to another trade with analyst Aadil1000x. This is the Analysis of BTC and this is the update on our BUY trade. We are still holding it and will hold till the peak. I am expecting some reversal but this will not take it all the way to the bottom, this is a dip to pump the BTC. This bullish move will cross the price of 34K soon. Don't...
Btc has seen an upward rally since this year and price is all about liquidity, balance and time. So a run to the weekly Breaker Block on btc will reprice its one sided run. And once it moves away then price will be balanced and ready to rally to 35- 38k probably. I hope this gives you an insight on what risky assets might do on NFP Friday. Trade safe anon, NFA!!!
Bullish sentiment sees DJIA shifting into the higher 33000s. The overall market sentiment for the top 30, is exceptionally bullish. Market Makers will drive prices down fuelled by stops and relatively quickly at that. Looking deeper, we find that lower timeframes suggest a move to the upside, however, the larger timeframes point to a retest of early...
After a rapid move upwards the pair has a good chance of retracing 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 to lose all of your...
EURGBP has been experiencing a sharp drop. It is expected to come back after this as per the arrow to 61.8% Fibo level. The support 0.87250 servers as a good indication that the move has ended. Alternative scenario: If the pair breaks that resistance it will probably move further downwards to the next support 0.86700. __________________________ Information...
CURRENCYCOM:US30 Hi , Trader's , As you can see on us30 chart , bearish Butterfly harmonic pattern is visible X-A-B-C Leg is completed D led in progress D leg will complete at Resistance 34100 area After completion of X-A-B-C-D wave market can give 50-61.8 % retracement 50% retracement will be 33k level Sell after completion of D wave use proper...
The pair has been experiencing an unusual activity due to USD depcreciation. This rapid, sharp move upwards creates a retracement opportunity. If this this indeed the end of the movement then the pair should come back at the 61.8% fibo level at least. __________________________ Information Regarding Important News and Figures can be found here in our Economic...