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
USDJPY at previous area of support / resistance on the D1 Chart.
Will look for possible trade entry on 4hr. (Currently oversold on 14 RSI)
Looking for price action for a move and trade entry.
GOLD has bounced off the 23.6 FIB level, and is currently at previous resistance
Looks to be forming a bearish shooting star doji.
RSI also oversold.
Will be looking for more confirmation of bearish move for trade entry.
GBPUSD has broken old resistance at 1.2405 now at the 38.2 FIB Level. Will be looking for a trade either side once we have more price action and confirmation of direction,
EURUSD is in a descending channel where it is currently at the top of that channel. Waiting for the candle to fully form, expecting a bearish candle to be printed, but watching to see a move lower back towards the channel centre and further or a sure break out of the channel to the bullish side.
I have notification reminders set at 0.8740 and 0.8690 for further ...
PRICE HAS BEEN IN AN UPWARDS NARROWING CHANNEL FOR A FEW WEEKS, IS NOW AT THE UPPER END TRAPPED BETWEEN THE TOP TREND LINE AND PREVIOUS RESISTANCE TURNED SUPPORT.
KEEP AN EYE OUT FOR SOME MOVEMENT OUT OF THE AREA EITHER WAY, HOPEFULLY IT WON'T BE BOGGED DOWN FOR TOO LONG!
PRICE HAS BEEN CLIMBING FOR A WEEK ALONG A RELATIVELY STEEP UPWARD TEND LINE, IT HAS NOW REACHED RESISTANCE IN THE FORM OF THE 38.2 FIB LEVEL FROM THE HIGH OF THE 15TH OF JAN 17 AND THE LOW OF THE 22ND FEB 17. RSI IS ALSO AROUND THE OVERSOLD POINT.
WILL BE WAITING FOR A CONVINCING MOVE EITHER ABOVE THE FIB LEVEL OR BELOW THE TREND LINE FOR A TRADE ENTRY.
I BELIEVE THE MOMENTUM IS STILL VERY MUCH IN FAVOUR OF BTC.
PRICE HAD BROKEN LEVEL OF SUPPORT FOUND IN THE UPWARD TRENDLINE AND IS RETESTING AS SUPPORT. I WILL USE THIS AS AN OPPORTUNITY TO BUY INTO A POSITION READY FOR NEXT WEEK. STOP LOSS JUST BELOW THE HORIZONTAL SUPPORT AND 50MA.
PRICE IS TRAPPED BETWEEN DESCENDING TREND LINE AND THE 200MA BELOW AND AN OLD AREA OF RESISTANCE ABOVE. A CLEAR BREAK ABOVE 0.8583 AREA WILL PROVIDE A SUITABLE BUYING OPPORTUNITY.
BULLISH ENGULFING CANDLE FORMING ON THE 4H CHART, PASSING THROUGH A POTENTIAL TREND LINE, ITS ALSO HEADING FOR THE 61.8 FIB LINE FROM FEBS HIGH, THE 50 PERIOD MA AND THE ROUND NUMBER OF 113.00.
THE NEXT FEW DAYS COULD PRESENT SOMETHING INTERESTING FOR FIBRE. WILL BE KEEPING AN EYE ON THE ACTION.