GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), ALBA MINERAL RESOURCES PLC ORD 0.1P, LLOYDS BANKING GROUP PLC ORD 10P
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
Please see analysis posted on the chart.
Please see analysis reasoning on the chart.
EURGBP SHORT POTENTIAL?
MORE AUSSIE DOWNSIDE MOVEMENT?
USDCAD ANOTHER BEARISH MOVE?
NZDUSD POTENTIAL MOVE TO THE DOWNSIDE
WE CAN SEE A NICE CHANEL OF PRICE ACTION FORMING ON THE HOURLY CHART, WE CAN EXPECT A MOVE UP TO .75235 RANGE THEN A NICE SHORT TRADE CROSSING A KEY LEVEL AT .7400 RIGHT THROUGH TO A POTENTIAL .72250 PRICE
I AM SEEING A CHANEL OF SUPPORT AND RESISTANCE ON A DAILY TIME FRAME WHICH HAS BEEN RESPECTED 4 TIMES NOW. I AM LOOKING FOR SOME CONSOLIDATION OVER THE NEXT FEW DAYS AND PRICE TO HIT 1.0500 FROM WHICH WE COULD SEE A REVERSAL TO 1.09570 AND THEN BACK DOWN AGAIN TO COMPLETE A THE FIB D EXTENSION.
Target set at Weekly support of 1.2250. MA Crossover on 4HR and multiple rejections of Monthly resistance at 1.2500 is a clear signal to short.
We can see a Fib formation begging to form on the 4HR chart, Fib C is correlating with 61.8% Fib. 1.3400 has shown strong support and we believe this will be heading to 1.3700.
We can see a Fib pattern forming on the 4H chart, MA Crossover also showing on 4HR, Weekly resistance aligning with Fib C. We have set our target at monthly support 1.700 and second target at Fib D 1.