Hey Rich Friends, I think GBPUSD will continue to sell this week and here is what I am looking at. - The first thing I noticed was that the market has already rejected 2 previous supply zones and is continuing to fall - The current candle has opened and closed below the 50 EMA - The STOCH is facing down and below 0 - Sellers seem to be gaining momentum. I...
Hey Rich Friends, Happy Pisces Season! As a gift to everyone, I have a very special offer for my eLearning platform where you can save over 50% on all mentorship plans. You can register by clicking here or filling out this form. I wanted to share my technical analysis of GU this week. I think it will continue to buy and here is what I am looking at. - The...
Hey Rich Friends, I did a technical analysis for EU and think it will continue to buy this week. Here is what I am looking at. - The market has already rejected the previous demand zone and is creating a new level of support around 1.08300 (potential buy limit entry) - The STOCH is facing up, and has crossed above 50 and the blue line (fast) is above the orange...
Hey Rich Friends, I think USDCAD will continue to buy this week and here is what I am looking at: - The market has already resisted the previous demand zone - The previous candle was a bullish engulfing, confirming the buying trend - The 50 EMA (blue) has crossed about the 200 EMA(purple), confirming the buying trend - The STOCH is facing up, both lines are...
Target for the next several months is ~20 usd The sooner we hit it, the sooner we can start another bullish leg. Short Term Targets are bullish ~23 usd Anything can happen in this market, as JPM, Deutsche, USB, HSBC have all been fined for spoofing or manipulating the silver market in the past 3-4 years.
FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward. A massive volume inflow peaked the price action in keeping with Wychoff's...
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...
On the above monthly chart Silver has corrected over 35% since the year began. A number of reasons now exist to begin accumulation. Why? 1) A ‘incredible buy’ signal prints. See weekly chart below. Not since September 2018 has such a strong signal like this printed. 2) A strong Dragonfly DOJI candle printed with the close of July. This told us $18 was very...
USD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a...
The USD/JPY currency pair surged to a high of 152.000 following comments from BoJ Governor Ueda. His stance indicated that the BoJ is in no rush to raise interest rates, diminishing the attractiveness of the Yen. However, the USD/JPY price began to decline to 151.75 during Tuesday's US trading session. This suggests signs of a short-term downturn, particularly as...
SPX setting up positively ahead of tomorrow's CPI release. IF stochastic can hold in its upper quartile, an underlying positive momentum will be present. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex...
In a technical analysis forecast that could signal a turnaround for Apple Inc., the charts are indicating a potential shift in momentum. The falling wedge pattern observed is suggesting a consolidation phase that could prelude a bullish reversal, aligning with the optimism surrounding the company's innovative trajectory. With Apple's stock price currently testing...
GBP/USD is trading back and forth around the 1.2660 level and remains within the trading range of Monday. After breaking through this range, the price continues to rise strongly with no signs of a decline in the . Looking at the chart, we can see that both technical indicators, SMA and RSI, are supporting the upward trend for this currency pair. Especially the...
GBP/USD continues to move sideways, awaiting US inflation data for fresh guidance. Despite fluctuations, GBP/USD maintains stability, hovering around the 1.2660 level, within Monday's trading range. Technical indicators, such as the Simple Moving Average (SMA) and Relative Strength Index (RSI), currently signal support for the upward trend of this currency pair....
GBP/USD continues to move sideways, awaiting inflation data from the United States for a new direction. The GBP/USD exchange rate is trading around the 1.2660 level and remains within Monday's trading range. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) are supporting an upward trend for this currency pair. The...
EUR/USD is holding steady at 1.0850 at the beginning of Tuesday in Europe. This is explained by the weakening of the US dollar (USD), which has pushed the EUR/USD exchange rate sharply higher, once again bringing it back to the 1.0860 area at the start of the week. Based on technical indicators, we see positive signs for the rise of EUR/USD. The simple moving...
EUR/USD is holding steady at 1.0850 at the start of Tuesday in the European trading session. The recent downturn of the US Dollar (USD) has pushed the EUR/USD exchange rate significantly higher, returning to the 1.0860 area at the beginning of the week. This is another evidence of the strong influence of the USD on the global market, as its fluctuations can cause...
The DAX daily chart has bullish elements to it, but the hourly traders have not synced up to them yet. The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM...