The United States dollar is a Federal Reserve Note and is the official currency of the United States and its overseas territories. Many countries use it as their de facto currency, while others use it as their official currency. The US dollar is the world’s most dominate reserve currency and is used in most international transactions. It is flat money which means that its value is derived from government regulation or law.
The Breakout Opportunities system has just bought USDJPY at 111.975. The system recommends entering this trade at any price between 111.939 and 112.105. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.559, suggesting that the USDJPY may have further to rise. A stop loss has been set at the...
The Breakout Opportunities system has just bought USDJPY at 111.975. The system recommends entering this trade at any price between 111.939 and 112.105. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.559, suggesting that the USDJPY may have further to rise. A stop loss has been set at the...
BTCUSD is approaching our first resistance at 5855.2 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 4562.6 (50% Fibonacci retracement). Stochastic is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...
ETHUSD is approaching our first resistance at 175.50 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 156.75 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading...
NZDUSD is approaching our first support at 0.6672 (horizontal swing low support, 61.8% Fibonacci extension. Descending channel support) where a strong bounce to our major resistance at 0.6741 (horizontal overlap resistance, 61.8% Fibonacci retracement) might occur. Stochastic is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3274 (100% Fibonacci extension, horizontal swing low support).
Stochastic is also approaching resistance where we might see a...
NZDUSD is approaching our first resistance at 0.6725 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6554 (100% Fibonacci extension, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high...
USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3274 (100% Fibonacci extension, horizontal swing low support).
Stochastic is also approaching resistance where we might see a...
XAGUSD is approaching our first support at 14.83 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 15.30 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support.
Trading CFDs on margin carries high risk....
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
XAUUSD is approaching our first support at 1275.34 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1308.70 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic is also approaching support where we might see a...
USDCAD is approaching our first resistance at 1.3399 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.3274 (100% Fibonacci extension, horizontal swing low support).
Stochastic is also approaching resistance where we might see a...
NZDUSD is approaching our first resistance at 0.6725 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.6554 (100% Fibonacci extension, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high...
The market has tested significant resistance level 1.34.
The structure is respected.
Trading plan:
Completed double top pattern on dollar cad.
Sell the retest of broken support.
Stop - 1.3395
T1 - 1.333
T2 - 1.330
Two almost completed harmonic patterns:
Gartley Pattern and Cypher Pattern.
Wide buying zone between 0.66 and 0.67.
Buy with a confirmation.
T1 - 0.676
T2 - 0.68
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