On the daily chart here XNGUSD had a head and shoulders or double top last summer and fall and has now trended down to support. I see this as a prime place to take a long position. The decline of the overvalued USD contributes to this idea as does the persistent demand in Europe for compressed / liquid NG and the ongoing war there that could eventually grind...
ATTENTION: EURGBP is at support now, and by breaking the support we will have more downtrend. and we have some fundamental events this week, the most important is inflation rate which is on 16/nov... take care.
EURUSD is currently near a strong resistance and I think it will have a rejection & drop again... and of course, the first target will be 0.99300-0.9900 have a great weekend!
Is the Dollar about breakout? We've seen this pattern before...a classic down-sloping wedge pattern is likely to result in a bullish move to the upside. Any pattern can fail, so the next support below if it does fail is Double Bottom .
History never repeats itself, but it often does rhyme. The recent collapse of Silicon Valley Bank (SVB) and Signature Bank in the US and the forced takeover of Credit Suisse by rival UBS have triggered concerns of contagion across the global financial system. The current stress in the banking sector is reminiscent of the 2008 financial crisis. However, unlike the...
Following on my idea on the daily and weekly timeframes below: EURUSD looks like have completed its pullback before uptrend continuation. EURUSD retested the support (demand) zone and tipple bottom neckline at the bottom of area 1.07 on the 4H timeframe with failing to break below. Possibly a sub uptrend channel is forming, which next target is into the...
Whoopin 700+% to the ATH. Great Fundamentals. One of my favourite gems, check it out!
The EUBUND has been showing signs of bullish momentum in the 15 min time frame as indicated by the EMA (Exponential Moving Average) crossing and the breakout of the resistance level. This suggests that there may be a potential trading opportunity for buyers in the short term.
Following up on my previous post below and zooming in thru the daily timeframe: EURUSD is at the resistance area (supply zone) 1.08 and holding on. A break above may be confirmed today after FOMC and Fed rate decision. A break above, will lead to the upper channel of the correction uptrend (ABC) and to the next resistance and supply area at level 1.15 as...
2023 has been ushered in with a rebound in pockets of equity underperformance from 2022. Markets are coming to terms with the fact that stickier inflation and more resilient economic data globally are likely to keep central banks busy this year. Owing to which the spectre of interest rates staying higher for longer appears to be the dominant theme for the first...
My bias is displayed on the chart. I do hope that the M-pattern on the chart will likely come to play. To be on the conservative side, I will only enter sell when the neckline of the pattern is formed. My SL and likely TP are depicted on the chart share your opinion, FOLLOW and like
EURUSD💥1H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥EURUSD I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
The idea has two parts: fundamental and technical analysis . The latter is based on the weekly chart. On the fundamental side , several essential and minor factors affect and could affect March 2023 price change. Let's divide them into three groups. Bullish : Russian shutdown of gas supply to Europe Russia has cut its European flows for the last...
FX:EURJPY here are my ideas on this pair pals. what do you get on this?
Post BOJ decision which is USDJPY supportive, we could expect the Nikkei to recover from recent weakness. Since it remains a choppy Equity Environment, selling DAX against it (delta hedge) makes sense from a relative price perspective and looking at technical levels, along with oscilators. Another way would be to buy Upside calls on Nikkei (cheap in Impiled...
After Equity Option expiry today and into Month end, the technical rally induced by January effect could be fading. Commodities recent spike (on China reopening/inflationary) will certainly have an knock on seasonal effect in next Inflation data, Technically speaking BTP/Bund spread has done a double bottom, and we could expect a bounce from here (Italy widening...
Supply Zone: 1.0770 SL: 1.0784 LIKE AND COMMENT
EURUSD💥4H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥EURUSD I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍