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OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Cypher pattern formation formed on Bitcoin, current uptrend does not warrant a bull market, currently all alt coins are stagnant as they normally rise with Bitcoin. Target is reflected to fall back to new support previous resistance.
Strong support showing on the 61.8% retracement fib, two rejections on support area, Long term buy.
With the triggering of Article 50 markets have already priced in the risk and the GBP is gaining strength as the preferred currency, the pound is strengthening against the euro and the dollar, from the recent up swing i expect a retrace to the 0.236 fib and then continuation up to resistance at 1.27
Aussie Dollar falls as bond yield drop hints RBA outlook eroding. The Australian Dollar underperformed in overnight trade, falling alongside local front-end bond yields. That speaks to a dovish shift in RBA monetary policy bets, though a standalone catalyst triggering it is not immediately apparent.
Monthly: Spinning top green candle, testing monthly ...
with a higher high running out of steam and three lower highs and lower lows, i decided this is a good opportunity to short and look towards heading to strong liquidity levels to take profit, GBP over Eu has performed stronger this week.
I believe with Brexit just around the corner and with the interest rate decision in the US we will continue to see a sell off on the daily chart for GBPUSD down to 1.1949, we tried testing the resistance and was un able to make showing it is not respecting that area and price action continues down, this is more of a high risk trade due to GBP needs to break recent ...
With uncertainty about where the dollar index is likely to go i believe investors are looking to buy Gold as a safe haven until, on the hourly chart i can see a sell off from the recent spike is likely to hit the 0.382 fib at 1221 until we see more buyers come back in.
After the interest rate decision and the dovish tone from Yellen we have seen the price in Gold spike back up to resistance dating back to May 2016, i will be looking to short gold at 1240 should it respect resistance or look for a bearish candle on the daily close to see a sell off back to 1200, the dollar index will also be a key tool to decide price action.
Dollar index on the daily chart is showing that it is oversold on the RSI so i am expecting to see a pullback from the recent sell off, we may be looking to reach the hourly swing low fib of 0.382 target 101.13
The dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain ...
GBPUSD is gaining strength since it recent sell off over the last few weeks, i believe we will see its hit the 0.236 fib before selling off again with fear of the Brexit being triggered this week.
After looking on the daily 4hr chart this pair is clearly on a downtrend, GBP is weakening against most major currencies due to fundamental reasons with Brexit, i believe we are going to see a restest of the support level and 0.236 fib giving us an opportunity to take 100 pips from this trade, I will be looking to enter this after NFP results today.
i believe with the US dollar index currently gaining ground again after the Feds hawkish statements on Friday that we will see a continuation to the upside for UJ currently first target is on the blue line and waiting for it to create a new higher high before seeing a continuation to the TP 118.00 currently bouncing off the daily 61.8 fib giving us the opportunity ...
EURUSD currently in a strong downtrend and retracing like the dollar is retracing from its strong uptrend, with an 88% chance of a rate hike this month i believe we will continue to see the value of the euro fall against the dollar, i am entering this trade at the 0.5 fib and covering stops for the 61.8 and the 78.6 just to be cautious, we are now approaching ...
I have been waiting a few weeks for Crude to get to this point now, we have tested the 61.8 fib twice in the last few hours and seems to be a lot of buyers there, we are also hitting its uptrend support from back in December and i believe now we will see a continuation to $55 a barrel.
This is my trade of the week due to the fact the AUD keeps attacking resistance and cant hold as you can see in the blue box above, the green line shows a strong area of support and resistance and the red is a support level that we have seen over the last few days giving us a strong uptrend. I believe with recent bullish news from the US we can take a trade that ...
We still have a strong downward trend on the EURUSD and with a bullish trump speech i believe we are going to reach January resistance level 1.047
over the last few weeks we have seen a lot of buyers at 1.05 so this is an area you will need to be careful of and i will be looking to take partial profit here as i have been in since 1.065.
GBPJPY is currently retracing to the 61.8 fib from in its downtrend, i am also a fundamental trader so i will be looking at UK results this morning at 9:30 am to asses whether we will be entering the trade, we will also be looking at the hourly candle close at 10 am, we may miss a few pips doing this but it reduces risk substantially, i believe at the moment it is ...