ForeignCapital_fx

ForeignCapital_fx

Historically during the month of May, WTI performance net long. The recent COT report show that commercial traders are still net short but could change at any moment because balance between long and short positions. Once again with seasonality in hindsight as traders we should be wary of the that. Technically price is below both moving averages and is further...

ForeignCapital_fx

A technical sell position as price is below the exponential moving averages both on 4 and 1 hour time-frame. However we must keep ourselves abreast with the geo-political tensions in the Middle-East. With advance GDP release on 25/04/2024 may bring strength to the dollar. Summary Entry = Current Price (2317.90) Target = 2250.00 Plan the Trade, Trade the...

ForeignCapital_fx

The Nasdaq 100 earning season is upon us starting 21/04/2024 generally meaning it is profit taking for investors however the aggressive profit taking has happened with the Nasdaq declining by 2.05% before this upcoming week. Therefore further profit taking will resume. I am of the opinion the executive guidance on earning results may give support to the technical...

ForeignCapital_fx Updated 

This pair is presenting a technical SELL position since long position have been slowly exiting their positions because they have hit their week target at around 1.38200 and with the confluence on USOIL finding support in the short term could spear the pair lower to a price of 1.37212. However the pair could retest dynamic resistance moving average to confirm the...

ForeignCapital_fx

Technical short solely based on price action and and indicator alignment. Sell: At current price= 84.494 Target = 83.013 However I am of the opinion that there is another sell opportunity at 83.901 Summary- Sell 1st Entry =84.494 2nd Entry=83.901 Target= 83.013 Caution you may wait for price to break support at 84.360 and retest it. May you please boost,...

ForeignCapital_fx

Given a war possibility out-break that may affect US and Britain who are both NATO members on the back of geo-political instability in the middle east will affect the dollar more since it is the world reserve currency. However if things stay the same as they are the idea is to short GBPUSD since British consumer and business confidence is low in contrast to the...

ForeignCapital_fx Updated 

Since we are in price discovery territory, given that price is above both 21 and 55 EMA then trend is still bullish however leading indictors suggest price will not blast off directly to the upside. I foresee short term strength then I will only buy in the second leg when moving average catches up with price.

ForeignCapital_fx

The thought is we are in an accumulation zone between 0.000007 support and 0.0000085 resistance. So long on 1Hr timeframe because it has created a double bottom.