In the United Kingdom, Queen Elizabeth II opened the new session for British Parliament with a speech outlining the government’s plans. The 2-day European Summit kicks off on Thursday October 17th, where Prime Minister Johnson will try to seal a Brexit Deal. When he returns to Britain, an emergency meeting will take place in the House of Commons for parliament to...
EURUSD on a 4HTF shows up Euro Bulls breaking a key level of resistance acting as the trend line down since the end of June, but stalled and failed to break above resistance at 1.10335. Lower time frames are showing us that the bears are fighting and winning as we see rejection of higher prices and the price is slowly moving back towards the 1.10 level. With the...
Daily TF on USDCAD shows us a global uptrend. 4HTF – both EMAs (48,13) are pointing slightly up, following a Golden Cross on October 2nd. We are waiting for the price to break above the 61.8% Fibo at 1.33426. Targets up are going to be at resistance, starting with 1.33827 and then 1.34304. If the price breaks the local trend line down and moves below the 50% Fibo...
Brexit negotiations continue in Brussels. The stage set is rocky confusion. Will the EU compromise on the backstop? If not, will PM Johnson request an extension? In the latest skepticism on how PM Johnson may try to avoid an extension is to attempt to persuade an EU country to veto one. French President Macron mentioned that the European Union will evaluate and...
Euro Bears attempted to break support at the opening of Mondays session but the move was premature. Dollar weakness prevailed after the possibility of a deal between the United States and China slightly dimmed following a comment from the Chinese delegation. Vice Premier Liu He, will lead the Chinese delegation in high level talks with the US starting on Thursday...
On a DTF, the pair has formed a double top pattern and the conversion line has just been breached. Parabolic SAR has reversed and is pointing down. The pair is waiting for the release of US Non-Farm Payrolls. Recent data is pointing to the downside and long positions look to be more favorable at this time. Target areas down are at 50% Fibo at 106.462,...
After two strong down days in a row, I think the market is poised to take a breather. I am looking at the areas between 2915 and 2880 as the areas that the market will pinball in between.
The pair met support slightly below the 61.8% Fibo (117.447) from the previous up trend and the price is currently consolidating in that vicinity. This morning the Euro Zone reported worse than expected Markit Composite and Services PMI, although both are still above 50, at 50.1 and 51.6 respectively. This worse than expected data did not push the pair lower,...
In this video I explain a bit about the importance of where value is building. It's the best way to be objective about the market and remove opinions on what you think the market will do. Let the market dictate where it finds value and follow the value. I will be making some changes to the members area shortly to simplify some of these concepts for you.
October is going to be a key market moving month for Brexit sensitive currency pairs and investors will be monitoring all new developments. On a 4HTF - The pair met resistance at 135.739 has been on a decline against the Japanese Yen since September 20th. We see the price failed to rise above the 50 EMA, which is pointing slightly down, the price is below the...
Hello Traders, Here is my 3rd video-analysis this time on the Euro-Yen. Hope you like it. Like and comment :D Thanks, Vítor.
Hello Traders, One more video now with USDCHF. Hope you like it. Thanks, Vítor.
Hello Traders, It´s my first published trade analysis and a video one too. The pair is NZDUSD. I hope you like it. Im Portuguese so the accent is notorious :) Give a like and comment. Thanks, Vítor.
Bullish momentum returned to USD JPY on Wednesday September 25th when investors realized that an impeachment for US President D. Trump is highly unlikely. Today we are seeing another month of decline in Tokyo Core CPI, reported at worse than expected 0.5%, vs 0.6% forecasted and the previous fact 0.7%. On Monday we’ll want to pay attention in the morning to...
1HTF EURUSD paints an interesting picture. The Euro created a new lowest low since January of 2017 at 1.09227 against the USD. The price has since retraced but failed to break the 61.8% Fibo resistance at 1.09633 for the second time, following worse than expected US Initial Jobless Claims. Currently, the main focus of attention for the pair is yet another...
On Tuesday, September the 24th, Democratic House Speaker Nancy Pelosi launched a formal impeachment inquiry against President Donald Trump after new allegationsarose linking Trump’s actions to his own political benefit. The new allegations are concerning a phone call that took place in July of this year between President Trump and the President of Ukraine...
Ever since parliament started aggressively fighting back against a No-deal Brexit, the British Pound has been on a rise. Optimism, that the UK won’t crash out of the EU without a divorce deal brought the price to the highest level in two months at 1.25820 on September 20th. On a 4HTF, the peak created at 1.25820 looks like the head on a head and shoulders...