If we encounter a gap that needs to be filled, we opted for a 1:4 trade, indicating the necessity to address this gap. This decision was prompted by our deviation from the established sideways trend and supported by several technical confirmations that guided us to follow and stay informed.
Analysis and strategy OANDA:EURUSD In the 24-hour timeframe: Yesterday, I expected EUR to trade in the 1.0870/1.0915 range. We didn't anticipate the spike in volatility. After rising to a high of 1.0930, EUR plummeted to a low of 1.0831 and then closed at 1.0844 (-0.44%). The rapid decline has regained momentum and EUR is likely to weaken further today. A...
OANDA:USDJPY While we expect USD to strengthen last Friday, we think it is “unlikely to threaten key resistance at 141.00.” USD not only broke through the 141.00 level but also spiked to a high of 141.95. While further USD strength is not ruled out, severe overbought conditions suggest that key resistance at 143.00 may be out of reach today (there is another...
TVC:GOLD Gold price extended its downtrend below the immediate support of 1,930$ during the Asian session. Earlier, the precious metal showed a vertical decline after sliding below the 1,955$ cushion as the US economy was moving closer to default amid a divergence in views on the budget between the two countries. Gold price has turned out of balance after...
OANDA:EURUSD EUR/USD gained traction and headed towards 1.0810 during the European session on Wednesday. Although the German IFO survey showed worsening business sentiment, the improvement in the Expectations Index helped the Euro find demand. On the downside, EUR/USD could extend the recovery and target 1.0835 (50-period SMA) and 1.0865 (38.2% Fibonacci...
Called this beauty out about a week ago and its playing out very nicely
Our yesterday ENJIN coin call was a great job indeed and congratulations for those of you who followed our accumulation recommendation. Target 3 : 1075 sats achieved in Binance Target 4 : 1119 sats avhieved in Bittrex A total of 34.8% profits gained so far in just less than 12 hours from our call. We will give status updates on the coin further. Stay Tuned....