Short video on how we see the movement. Wait for the GBPUSD to break the support level and a confirmation. Potential 450 base points downside movement. However, be very careful with the BREXIT event.
Support level 1 likely to hold. Wait for a Counter Trendline Break. First stage to take profit. Good luck traders.
A significant support level at 1266.00 held during last week's trading sessions. If GOLD breaks a resistance level at 1286.00, Our system shows that the next target will be near the 1310 zone. However, if the resistance level holds, BEARS could push the price towards the 1240 mark.
From the look of things, the GBP/AUD will continue to trading in a descending channel. The decline of the currency exchange rate will continue for the rest of this week's trading session. 150 pips target average. following me on IG @FXWizzy Telegram: for free signals t.me
Gold versus US Dollar tested significant resistance level. Expect bears go drive the Yellow metal south in the short-term. Gold are likely to go for a re-tests of the strong support level.
GBPUSD moving in a 22 degree downtrend line. The pair broke a uptrend counter trendline. Pair broke a significant resistance level. GBPUSD awaits FOMC minutes.
Bulls are likely to push the EURUSD pair towards a new swing high. However, it would find resistance at R1. EURUSD awaits FOMC minutes
The BTC/USD exchange rate is currently trading in an ascending channel pattern. The pair tested the lower boundary of the uptrend pattern at 3913.0 during Monday's trading session. Given that the bitcoin cryptocurrency is trading in an uptrend channel, and the 50-, 100- and 200-hour SMAs are below the price level, it is likely that the pair will continue moving...
The Ethereum cryptocurrency has continued to appreciate against the US Dollar. The 50-, 100– and 200-hour SMAs provided support for the pair at 140.4 during the previous trading session. Everything being equal, it is likely that the ETH/USD exchange rate continues to surge during the following trading sessions. The potential upside targets will be near the weekly...
The Brent crude oil price reached near the $70 mark on Wednesday. The increased was due to the US sanctions against Iran and Venezuela crude oil exports and the OPEC supply cuts. As for the near future, it is likely that the BRENT.CMD/USD pair makes a brief retracement down towards a support level formed by the 50-hour simple moving average at 67.93. Meanwhile,...
The Light crude oil prices hit 2019 high level on Tuesday. The surge was attributed to the US sanctions against Iran and Venezuela crude oil exports and the OPEC supply cuts. As for this week’s trading sessions, it is likely that the LIGHT.CMD/USD pair retrace down towards a support line formed by the 50-hour simple moving average at the 60.03 mark. If the...
The BRENT.CMD/USD pair has been trading in a medium-term ascending channel pattern since the end of December 2018. The pair re-tested the lower boundary of the channel pattern at 66.50 during last week’s trading session. As for the near future, it is likely that the Brent crude oil prices will continue to appreciate and potentially hits the $70 mark before the end...
The Light crude oil prices have continued to appreciate in a medium-term channel against the US Dollar. The 50-hour simple moving average has pushed the pair towards the $60 mark. The LIGHT.CMD/USD pair is trading near a resistance level formed by the weekly pivot point at 60.18. If the weekly PP hold, a possible pullback towards a support cluster at 59.21 could...
During Friday’s trading session, the yellow metal was supported by the 55-hour simple moving average to end the day at 1,310.00. On Monday morning, the rate was retraced by the upper boundary of the medium pattern to allocate the rate at the 1,317.28 mark. In regards to the near-term future, most likely, the rate will break the resistance of the medium pattern...
During Friday’s trading session, the currency exchange rate ended the day at the 110.00 level, as it was expected! On Monday morning, the rate was located at the 110.17 mark. It is expected that the rate will depreciate towards the 50.00% Fibonacci retracement level at the 109.60 mark. Besides, the resistance level of the 55-hour simple moving average will...
During Friday’s trading session, the British Pound appreciated against the US Dollar by 196 base points or 1.51%, breaking most of the technical indicators. On Monday morning, the rate was located between the 200-hour and the 100-hour simple moving averages at the 1.3197 mark. In regards to the near-term future, most likely, the resistance level of the 200-hour...
During Friday’s trading session, the currency exchange rate depreciated to 1.1260 passing the support levels of the simple moving averages. On Monday morning, the rate was located at the 1.1320 mark. In regards to the near-term future, most likely, the rate might depreciate towards the monthly S1 at the 1.1250 mark passing the bottom boundary of the pattern line...
The New Zealand Dollar was trading in a horizontal line against the US Dollar on Friday. The 50– and 100-hour simple moving averages provided significant support and resistance for the currency pair during Friday’s trading session. The exchange rate was still stranded between the moving averages during Monday’s trading session. Most likely, a breakout is likely...