I hope trading goes well.
Well, it's been sometime since I made video analysis, so after looking at some old charts I came up with an idea to update you on some of the FX market since December video analysis.
Also, I see some very interesting developments on EURUSD at the moment. I really think it's worth to keep an eye on it.
Please, if you...
1. Fibo retracement 62%
2. Fibo extension 161%
3. 2011 low
4. Previous 2019 high
5. The round number 0.96000
6. Channel projections
From a technical perspective, this level should be pretty strong, add here some fundamentals, etc.
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Have a nice...
Weekly: 3 waves completed and I expect to see wave 4 complete to the upside.
Daily: The corective structure broke to the upside indicating that wave 4 is taking place.
H4: The corrective structure has broken to the upside. I am looking for an...
AUDUSD and iron ore have been quite tightly correlated over the years as it is one of Australia's number one exports. Now there is divergence which should be looked upon with high skepticism. Either the Aussie dollar will rise on the prospect of higher demand or the price of iron ore will retreat on the continue lack of demand if the supply side cannot remain limited.
Two Fibonacci retracement levels come quite close to one another. The area around these double Fib levels have also acted as strong support dating all the way back into later 2018. Moreover, if price action retreats then we should probably see this same level act as support as it has been tested and retested several times. However, if price action moves to the...
For most of the year, the Australian dollar has been bouncing around against the Swiss franc in a roughly 300 point range. As you can see on the chart, the 0.70 level has been rather supportive, while the 0.73 level above has been rather resistant. It looks as if we have 75 pips of support and resistance right around these big figures, as the noted on the chart as...