BDSwiss_Academy

BDSwiss_Academy

Looks like a Triangle formation for EURGBP. The truth is that after the important news on the 21.02.2023 related to Flash Manufacturing PMI for the UK the GBP gain ground against the EUR. After those figures the pair has been stabilizing and we observe this low volatility for 2 days now. If the triangle breaks upwards or downwards it will potentially move to...

BDSwiss_Academy

Just broke the Resistance. Possibly going towards the next 0.936 support level. This took place after the Prelim GDP q/q 2.7% and Unemployment Claims figures. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly...

BDSwiss_Academy

Today the market for USD pairs is slow and not so volatile. However the AUDUSD has potential of moving greatly if it breaks the important support of 0.6812. Breakout of that level would potentially lead to 0.680 as shown by the arrow. It is important to wait for the FOMC Meeting Minutes report that will take place at 21:00...

BDSwiss_Academy

Recent figures Today are positive for the EUR but not too strong to cause a EURUSD upward move. There are indeed resistance levels, with low probability to break today. Thus the overall movement is possibly downwards. This idea is supported strongly if the support levels break as indicated by the arrow. Important support: 1.064 The move might even reach 1.0615...

BDSwiss_Academy

Yesterday the market was extremely low and trading in range. Today PMI figures are going to be announced. This morning we expect trends to form. As shown by the arrow, expecting upward move after the breakout. Possible stop up to 135.1 after the resistance break of 134.5. __________________________ Information Regarding Important News and Figures can be...

BDSwiss_Academy

Today US banks are closed in observance of Presidents' Day. This creates low volatility in the market. The EURUSD pair did not have major moves but it is expected that it might move rapidly after breaking significant support or resistance levels. As per the arrow on the chart, it shows that it broke a support level and it will possibly move to the next support...

BDSwiss_Academy

Looking for the quick retracement today. The dollar appreciated greatly this morning. The news yesterday regarding the CPI have an impact even for today. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com Risk Warning: Trading in CFDs is highly speculative and carries a high...

BDSwiss_Academy

The pair has been moving downwards the last few days, in something that looks like a channel. However is stable and always trades below the Moving average. A significant support just broke signaling a potential move downwards. The arrow shows the potential stop of the rapid move downwards. Caution is advised though since important figures are going to be...

BDSwiss_Academy

The EURUSD has taken the upside move today, It has a zik-zak formation with a short-term ascending channel. Potential and probable moves as indicated by the arrow after the breaks. Today the CPI figures for the USA are out at 15:30 GMT+2. That would create distortion in our analysis above. Caution is advised when taking the above ideas into account. ...

BDSwiss_Academy

The Market moved rapidly this morning for this pair. There are no significant news announced so we expect that this is just intraday. it would be more appropriate to wait a little bit more for the market to show slowdown with a couple more bars in order to form a strong resistance. The arrow shows the potential move towards the support 61.8% fibo...

BDSwiss_Academy Updated 

Potential retracement after the break. No important news today. It might be a slow retracement if it happens eventually.

BDSwiss_Academy Updated 

There was a shock for US OIL probably because of factors such as the announcement of Ueda, Reportedly Tapped as Next BoJ Governor. JPY pairs have been experiencing huge volatility after that. Now we are expecting retracement for the US OIL. It must be rapid other wise it will signal that it would not happen.

BDSwiss_Academy Updated 

This week has been very volatile for NAS100 Cash CFD. Yesterday since market opening for the US, its price has fallen more than 250 USD. It might have a big chance in reversing at least 61.8% of the move. Arrow indicates that level. The 100% potential and of the move indicates the support. Should that breaks it would mean further downward move.

BDSwiss_Academy Updated 

The indication of a rising wedge is rather low in quality. However, we can be optimistic about the rapid moves that EUR can have during the next 2-3 hours or even during the evening session. We are looking forward for the breakouts and expect sharp moves reaching the support and resistance levels as indicated by the arrows. Breakout upwards: to reach 1.4801...

BDSwiss_Academy Updated 

Possible Retracement today. The EUR seems to get a lot of ground against the CHF. As per the arrows indicated, it looks for the 61.8% retracement level.

BDSwiss_Academy Updated 

EURUSD has yet to move significantly the last days after the shock. Even though today is bullish. Some previous resistance levels are in the way for it to reverse. Now might be the moment after the resistance breakout. 1.08 next.

BDSwiss_Academy Updated 

EURCHF price move has formed a rather interesting shape. There is an important support level as indicated by the blue line that the pair is trying to break for days. The arrows show the potential moves and the next support levels that I have identified based on previous resistance and support levels.

BDSwiss_Academy Updated 

The Market shows high volatility the past days. It returns to the mean on a downward trend. As pert he arrow, we expect that it will return to day to the 61% Fibo level which on the chart Fibo tool is indicated as 0.38% level because of the automatic placement by Trading View.