ElectiFX

ElectiFX Updated 

Possible start of a massive sell-off regarding the king of metals. Gold has reached for the third time the level of the absolute maximum, seen previously also in August 2020 and in March 2022. Once arrived near this peak, during April of this year the candle to 1 month closed like a candle Doji (definable as a phase of indecision), the next is not yet closed...

ElectiFX

Once upon a time, in the bustling streets of 17th-century Amsterdam, an extraordinary concept was born that would transform the world of finance forever: the stock market. It was a time of exploration, trade, and economic growth, and the Dutch Republic stood at the forefront of this new era. In the early 1600s, the Dutch East India Company (Vereenigde...

ElectiFX Updated 

Possible short position on EUR/USD to reach the 0.98 level. The order it's not active yet, but it could offer a really nice Risk to Reward ratio, it's almost a swing operation, for the continuation of the huge downtrend. Actually the entry in on the lower timeframe for me but the trade could be consider also on the medium timeframe. However there are some...

ElectiFX Updated 

🇪🇺 For Fiber you see on graph at 1D a mirror image of the left side (03/2020 - 06/2021). It is respecting exactly the movements made previously, including the consolidation zones, just like the one in which we are now. Once the Pennant size is broken now one could expect a significant increase in bearish volumes, bringing the price of the Old Continent’s currency...

ElectiFX Updated 

The price is now located on an important S/R area on a graph at 1W, you can see how the price reacted to its crossing (highlighted in yellow). Potentially the price could show a new reversal movement as happened in the past. Obviously it is a timeframe too high for an input for which it is necessary to scale the timeframe. Representation of a personal idea, is...

ElectiFX Updated 

🇨🇭/🇯🇵 has been showing us its strength since October 2019, regardless of the global pandemic and the rest of the world situation. Since then it has scored a +15.5% and does not seem to want to stop here. The price is continuing to form HH and HL, showing a perfect reaction with the S/R contact points, as you can see from the ->. The price is now at one of these...

ElectiFX Updated 

A short continuation is expected from me, the downtrtend on this pair seems to have no end. A previous position with a better RR was missed for a while at the moment the price is trying to roperere a small support area before showing a new possible bearish movement. After the great movement the price is returned to test the zone of interest in the retracement of...

ElectiFX Updated 

Starting from the 1W chart you can see a couple of things: 1- from March 2020 saw a phenomenal recovery, bringing the quotation to the previous level of the pre-pandemia (+35% in a year), stopping only in March 2021, exactly one year after reaching the bottom. 2- once arrived to quotation 0.72 approximately the price has not had more the force to continue (found...

ElectiFX Updated 

Starting from graph 1W we see that the price has reached for the third time a level of strong support. Scaling the timeframe for example to 1D shows that the contact points are many more (yellow darts). However the price is on this level, so you can expect a new jump. I highlighted on the graph the maximum of February 2018, you see however that it was not broken...