GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UK OIL & GAS PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, UNION JACK OIL PLC ORD 0.025P
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
AS IT SAYS
Bounce of descending trendline
Entering a currency pair that has been falling since Q3 2015 with retracement to the 1.9 Monthly level, followed by 3 successive months of falling my monthly bias was bearish.
WEEKLY: Looking at the weekly chart we can observe that price has fallen quite well from 2015 to 2016, bouncing off the 1.7 monthly level.
Price began to retrace and rally up towards the ...
Kept it simple and awaiting retracement of key level and fibo levels before extensions.
Gold's monthly bias has shown a sustained downtrend over time with price respecting the long term downward trend line. XAUUSD kept at this level for 2 months before showing signs of producing a lower high.
Based on values given from the indicators the price has already bounced of the pivot and shown divergence on the RSI with a bounce emerging from RSI trend ...
fibo abcd formation
The chart above is USD/CHF Daily timeframe. As you can see price within this pair has been showing bearish market structure printing lower highs and lower lows. Most recent we have seen a lower low form at the 0.95500 area, which price since has been retracing to the upside.
Price has so far has retraced back to the 61.8% fibonacci extension level, where we have ...
Expected in fall in the value of the dollar based on movements from the dollar index.
Monthly time frame shows strong bullish momentum exiting early 2017 consolidation zone with strong rejections of the monthly level as illustrated with the bullish hammer.
Concurring with this bullish bias, the weekly time frame shows a upward moving slope also giving hint to buy ...
The US Dollar daily chart which has been producing lower highs and lower lows with the most recent lower high being a 61.8% retracement, aligning with our descending trendline giving confluence at the area of rejection which price printed a gravestone doji characteristic candlestick. Looking at the 20EMA it looks although further dollar weakness will lead our ...