FTSE100 Fell more than 7% from the recent highs from 7700 without any retracement. We can expect this whole move to retrace at least 38% from the bottom towards 7400.
We can go long on this if FTSE gets above 7200 after stock market open. Stops 6990 target 200pts
USD/JPY has reached on the daily chart the 105.090 resistance level .We can see a strong buy zone at this level in the past on: 2014.10.14, 2018.03.22, 2019.01.02,
Now we are located in the same level and in the next days we expect a possible buy.
We set up 1 possible buy zone on 105.430 .
Stay tunned for more! Regards RoTradeAlerts!
Hello Traders! Its Monday now in Indonesia and of course the market is freshly opened today! as soon as i open my PC and saw this, well there is only one way i know that this beautiful gold will go. Soar high to the North!
Here in XAUUSD timeframe H4 we could see a potential bullish trend will arise, with a low and higher low already created, big potential 1426...
4 hour chart - continues to consolidate under the resistance looking for a sell off. A triple top has been detected. RSI shows to be more on the overbought side which is also another confirmation for a drop.
30 min chart - looks very similar to the 4 hour chart. RSI also looking good with being more on the overbought side. Candlesticks...
Retracement resistance at 108.90/00 has capped to avoid a base to see a sharp fall, with support next at 107.60/50 USDJPY failed to clear key resistance from the 38.2% retracement of the fall from April at 108.93, avoiding a small ‘head and shoulders’ base to see a sharp turn lower within the recent range. Support ...
USD/JPY bid but holds under 109 ahead of Powell testimony
• USD/JPY bid on Gotobi Tokyo fix demand, Asia 108.85 to 108.99 before fade
• Offers ahead of 109.00 vacuumed but plenty more at 109.00, beyond
• Some specs eyeing stops 109.00+ but Japanese exporters, option players await
• USD 1.8 bln 109.00 option expires today, tomorrow 109.00-50 total 3.5 bln+
has fallen sharply to challenge the 2018 low and medium-term uptrend from 2015 at 1.4766/60. A break below here would see a large top complete to mark an important change of trend lower with support then seen next at the 38.2% retracement of the entire 2012/2018 bull trend at 1.4616, with the long-term uptrend from 2012 and September 2017 low at 1.4442/41. The...
The risk has turned lower for a retest of key support at 120.80/78
EURJPY weakness has extended after rejecting important resistance from its June high and 38.2% retracement of the fall from March at 123.35, as well as its 5-day average, removing support at 121.65 to warn of a move back to the lower end of the broader range. Support is seen initially...
Why I am going short on USDCHF? Well first of all it breaks below its upward trend line, the trend line was in place since Oct 2018 and now after almost 9 months price breaks below that level, it already had a pull back and now ready to go lower. The second reason is from price action point of view market is clearly making lower highs and lower lows which is the...