BDSwiss_Academy

BDSwiss_Academy

It has been a crazy day yesterday 22nd Feb. All indices including the NAS100 surged after strong earnings reports that boosted confidence and a risk-on mood for the high-tech stocks such as Nvidia. Is this the end of the upward and rapid movement? We use the Fibo retracement levels to find the 61.8% that the market potentially will retrace to, as indicated by...

BDSwiss_Academy

NAS100 has experienced an unusual drop yesterday having a different path than the other U.S. Indices as specific stocks had plunged amid the quarterly earnings reports. This rapid drop and reversal from the upside creates an opportunity for retracement to occur. The arrow shows how the price could start a path upwards, with the price returning back to the...

BDSwiss_Academy

U.S. Indices experienced a rapid movement upwards late yesterday. Retracement today is happening, the question is if it is going to return to the 61.8 Fibo level as depicted by the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning:...

BDSwiss_Academy

It looks like Crude oil experienced a sharp drop lately followed by a strong reversal. This creates an opportunity for trading the retracement that will probably happen if the resistance proves to be strong enough. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

BDSwiss_Academy

The index rose significantly yesterday after the NYSE opening. This was a clear reversal to the upside, crossing the 30-period MA on the way up and finding strong resistance. This seems to be the end of the rapid movement upwards and it looks like it is time for a retracement back to the 61.8 Fibo level. __________________________ Information Regarding...

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After a sharp increase during the FOMC news the index continued the upward rapid movement until it found resistance close to 16700. It is possible that we see the retracement today as the arrow depicts, and the Fibo tool. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

BDSwiss_Academy

Today Crude’s price went even lower than yesterday reaching 68 USD/b and it now seems that this is the turning point to the upside. We might see a retracement completed after this long and rapid fall, back to the 61.8 Fibo level as depicted on the chart. __________________________ Information Regarding Important News and Figures can be found here in our...

BDSwiss_Academy

The U.S. benhmark indices are currently experiencing high volatility and large deviations from the mean. Yesterday the S&P500 dropped heavily and has not retraced fully after reaching the important support at near 4550 USD. This might be completed today with the index price reaching the 61.8 Fibo level at least as indicated by the...

BDSwiss_Academy

The GBP depreciated today after the CPI data release which was lower than expected. The Inflation rate has been lowered significantly. The retracement is more probable since the dollar tries to regain strength and the GBP depreciates from the effect of the report. __________________________ Information Regarding Important News and Figures can be found here in...

BDSwiss_Academy

Wall Street's main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed. NAS100 surged to high levels and after finding strong support it experienced a retracement. The retracement is not completed yet technically since the index did not reach apparently to the 61.8 Fibo level. As per the arrow, it is...

BDSwiss_Academy

It is probable that it is the time for a retracement after a long way up. The index has been on the uptrend for sometime. Since the price reversed and crossed the 30-period MA on its way down it signals that an end of the uptrend has taken place. That does not mean however the start of a retracement to the 61.8% just yet. The price needs to break down important...

BDSwiss_Academy

The pair started to deviate from the mean by going downwards. It changed direction to the upside and so moved around the mean. However it eventually settled lower as the USD was picking up strength against the EUR. The last movement to the downside was relatively a rapid one. The pair found strong support at near 1.06580 that could serve as the 100 Fibo level. A...

BDSwiss_Academy

Potential retracement opportunity for Crude oil considering that the resistance at 77.5 has been broken indicating a signal to the upside. The price has experienced a sharp fall recently and a strong support is currently preventing the price to fall further. Technically and considering the volatility of Crude oil's price, a retracement should take...

BDSwiss_Academy

Wall Street is close to its best week of 2023 on hopes for a halt to rate hikes. The Index experienced a strong reversal. The path though is quite unusual since no retracement has been recorded yet. This might be the opportunity to catch the retracement. The index is expected to return back to the mean and the 61.8% of the move at least. As per the...

BDSwiss_Academy

The EURUSD has experienced several reversals that might give us the opportunity to take advantage of another retracement. As per the chart, the price reversed to the upside. Now it looks like it is retracing back to the mean. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

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Gold experienced extreme volatility. It broke the triangle formation upwards testing again the 2009 USD resistance level before it finally reversed suddenly with a drop to 1975 USD/oz. This reversal could create an opportunity for a retracement as per the arrow and back to the 61.8% of the downwards move. __________________________ Information Regarding...

BDSwiss_Academy

It is apparent that the EURUSD reversal to the downside raises question's regarding a follow up retracement to the upside. EURUSD is teasing us here with the Fibo tool fitting nicely on the chart. Let's see. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

BDSwiss_Academy

It is clear that the NAS100 has broken another consolidation phase and moved to the downside rapidly yesterday. This is an unusual crash intraday and considering the volatility of stocks, the index is expected to retrace before crashing further back to the 61.8%. It could be the case that this support is going to break instead. However the risk-reward ratio at...