First it almost reaches the resistance, second the fibonacci retracement confirms the price action at the golden point at 50%, third the price is is consolidating
USDCAD is breaking the trendline formed since the beginning of this week. On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away... Stocks and oil are under pressure, thus risk-off is favorable for USD bulls. Another USD long already opened. Entering the position around 1.3560 (current...
The main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument. From techincal POV: -H&S chart pattern -RSI divergence Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R. // Make your...
Before my explanations and forecasts, why do I call Uber shares as a "Bright Future" on NYSE, let us remember some data about them! Well! Uber went public on May 10 with an $82.4 billion valuation, and it happened only the last year (2019), do you remember this? Their start wasn't so impressive... "Uber raised $8.1 billion in its offering at an IPO price of $45...
Buying GBP might be an opportunity for longer term dollar bears. Joining bulls in GBPUSD from around 1.2350 price level with S/L below 1.2090 and T/P around 1.3280 provides decent R:R. First major resistance level is around 1.2640 price. Make your own analysis before entering position. // Feel free to share your opinion/position via comment and follow me to...
Commodity currencies are just squeezing up and it seems like there is more space to go... Going long in NZD against CHF seems like an opportunity to participate in this move. NZDCHF has broken key resistance level around 0.5985, which now turned into support and it might act as possible price for joining bulls with S/L around 0.5900 and T/P around...
Hello, We have a very good comeback for brent crude oil. If you are following this pair since, from the recruitment period you might note that pair is growing steadily and this the point that I saw too. Lets, discuss some different tools, what I used for the careful forecast. As you see I used two different and very attractive pitchfork, which I'm going to...
Since mid of March the price of BTC has over doubled compared to USD and for me it seems like a V shape recovery. Are we going higher from this levels? Possible, but I think there might be a better buy opportunity. The main reason, why I think the price can go lower (below 7000) in the future is because I see an Elliot wave pattern confirming on daily time-frame...
Breakout from bullish channel to 107.9 Correction to 106.7 at most. Impulse to strong structure at 109.4
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after break out daily reisitance long position to 38% fib retracement + 100 fib expansion levels.
1.413-1.417 price zone might act as resistance and possible level to start building a short position. Main risks are: -oil price recovery -decline in equity market, in which case USD might act as safe-heaven asset once again -bullish bias Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)