here this two line is a strong strong Resistance zone. and you can see previous candle i show you.
huge huge green candle at this area..
so i expect a reverse at this area.. just need some good candles show up.
even this resistance break. there also a chance bulls turn back.
if you check the past you can see every time buyers come to this area big sellers enter
and we are in a major down trend
candle become weak, i think sellers will enter the market
at this situation you can see we are in a major uptrend.
and the buyers always make a higher high.
so at this situation buyers are strong.
at the uptrend always make a buy choice.
you can see the level i show you. the market could reverse at the level.
so all we need is a reversel sign.
Hello!
I want to give you some information about this analysis
So .. I chose a "Buy" position because the price intersects with several confluences of mine ..
E.g.
The price is in a demand area, it intersects with my round number, daily support and daily trendline.
As we see in the picture, the price retested my area + the round number 150,000 and the Daily...
LogicStrategy Fundamentals
24/05 NZD Negative LogicStrategy Flip - This is where the Logikfx scores shift from net positive to a net negative on NZD
28/06 USD Positive LogicStrategy Flip - Logikfx scores shift from net negative to net positive on USD
Insider Information
Hedge Funds Nets Long USD since 2018
24/06 NZD Negative COTA Flip - Hedge Funds positions...
Fundamentals suggesting potential reversal for GBP.
Technical daily morning star, common reversal price action.
Followed by a weekly distribution zone over long term could see smart money buyers.
Fundamental LogicStrategy Scores:
- Strong signs for CAD +22
- Weaker signs for CHF -27
CAD Fundamentals:
- Retail sales 1.1% increase by 0.1%
- Core retail sales increased by 1% massive jump for consumer consumption towards GDP
- Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption...
LogicStrategy Scores are showing favourable signs of a GBPCHF long.
(LogicStrategy = 24) GBP Important Fundamental Considerations for a Long Bias
- Public net borrowing was less than forecast, indicating cable has a stronger potential than expected
- Consumer price index has seen a positive change than previously YoY
- The property market is showing signs of...
Fundamentals picking up for GBP with a falling price. This shows the intrinsic value of GBP is yet to be priced in, waiting on technical confirmations before entry.
Waiting for:
- Candle formations
- Higher Highs
Any confirmation towards the upside.
There has been a huge positive shift in the U.K economic readings on the LogicStrategy.
I would advise to wait for candlestick confirmations and keep a keen eye on further political agenda.
Fed has shown indication of inflationary policies, meaning a depreciation in the U.S dollar is a potential. The tariffs on China are signs of a deflationary outlook, so with...
Fundamentals suggesting strengthening signals for GBP as the scheduled data releases all higher than previous.
Waiting on a technical entry, too early to jump in. Be patient and wait for a confirmation for higher success.
Fundamentals:
LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF.
- This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%.
- CHF PPI dropping significantly to 0% with a forecast of 0.2%
- CHF retail sales dropped significantly this month, down to -0.7%
- SVME PMI down for CHF to...
CHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
Technicals provided on chart
Fundamentals
LogicStrategy quant scores suggesting a reversal in EURNZD. Potential high risk trade idea going against the recent trend. Safest stop looks like 1.7195 however with greatly reduced reward.
EUR has been hit with weeks of negative economic data. CHF on the other hand has been seen with positive data. This is a great swing opportunity over the coming week.
