BFCMInvest

BFCMInvest

On gbp/usd the scenario that is taking shape is very uncertain. The British government has managed to find an agreement with the European Parliament. They need an extension of the London exit from the EU at the end of October. These six months should be enough for May in order to be able to convince their parliament again to accept the agreement with Brussels. The...

BFCMInvest

What a great and complicated chart to make some analysis on. Let's start. First of all: nothing to worry, yet. We made 10 consecutive days with a single retracement, starting around 4100$ up to 5400$. A correction here is not only healthy, it's necessary! As you can see from the chart, we were following a well structured channel, and today we clearly broke it,...

BFCMInvest

The price of usd/jpy is not able to break up the static resistance. This because of the macro scenario we can find around the us economy. We can find the minor one around 111.90. From here it is channeled again into a very short/short-term downtrend. That should bring it back to test the dynamic support area. As this movement is one of the most common in this...

BFCMInvest

The Dax price is testing the resistance at 11980 points. Technically it is very likely that this will be violated on the upside, making this very short-term uptrend continue until the next static resistance set at around 12170 points. From here the analysts expect a physiological retracement that should make the support area between the levels 11740 and 11530...

BFCMInvest

Short analysis, continuing the previous one (go check it! :) ) We successfully broke the 5100$ resistance and then strongly retraced, but the support holded good. By the way, another pattern is in play now, and we have two days before a big move. We don't think this big move will occurr on sunday, even if we are constantly approaching the resistance. If it...

BFCMInvest

The price of crude broke and confirmed the upward break of the resistance area between the low area identified by the two EMA 20 and 200 daily periods. Two EMAs have crossed upwards, at about $ 59.20, and the high zone, where finds at 61.60 $ the 23.6% of the Fibonacci retracement. From resistance to support  Technically all these resistances have become key...

BFCMInvest

What a rally that was! We announced that in our two previous analysis: a breakout of the 4200 level would be a massive jump upwards... But who expected a $1000 jump?? Let's start from a long term view. Bitcoin just broke 200MA guys. We didn't even try to break it since APRIL 2018, this is probably the most bullish sign ever on BTC. 50MA is solidly over the 100MA,...

BFCMInvest

All of them break the key short-term resistance. After having passed that period of weakness characterized by bearish sessions, as we expected after Powell's conference. The three downtrends, which were due to start on March 20th post-FED, did not reach the respective support areas where we had hypothesized the target zones. As regards SP500, when price was at...

BFCMInvest

The price returned to test. The price returned to test the medium term key support at 123.8. If it were violated to the downside with closure below it would be a strongly bearish scenario. This would immediately lead it to the next static support at 122.6. Within a couple of sessions then could try to break it down. The pair could reach the next support area at...

BFCMInvest

Dear Traders We choose not to change our trendlines at all since the last analysis since are they are still perfectly valid. As you can see, it seems like bears are not angry anymore, and are giving up to bulls some hundreds of dollars, but we are sure they'll be more than present at 4200$. As we previously described, 4200$ is a crucial point for BTC, that will...

BFCMInvest

In line with other major global index, in the short term there is a retracement even by Italian index. The price reached the resistance area between 21450 and 21550 points. A break on the upside would have led to a continuation of this uptrend up to the next resistance zone located between 21700 and 21900 points. A rejected, ( because as we said "In the short term...

BFCMInvest

In line with other major global index, in the short term there is a retracement even by Italian index. The price reached the resistance area between 21450 and 21550 points. A break on the upside would have led to a continuation of this uptrend up to the next resistance zone located between 21700 and 21900 points. A rejected, ( because as we said "In the short term...

BFCMInvest

Macro view  The market expected that the FED on this occasion would not change the value of the interest rate. This had already been discounted in previous sessions. At a fundamental level, the US economy is undergoing a slowdown due also to the shutdown and this, together with the unclear monetary policy, is causing uncertainty. Investors want to see if this...

BFCMInvest

Target No rate hikes and this is the effect on the eur/usd pair: the price is heading towards the resistance area placed at 1.14.So what will happen in the fed? No rate hikes today. The American interest rate will be published, which will almost certainly remain unchanged. It is very likely that the euro will strengthen further against the dollar, moving between...

BFCMInvest

A short rise before...  The price of the FTSE100 broke the resistance on the upside: now is destined to go to test the key level identified by the 23.6% Fibonacci retracement place to 7340 points. From here the possibilities that continues upward past him and confirming a weekly close above are relatively low; it is more probable that, once it is brought close to...

BFCMInvest

Dear traders, finally some great movement in this market! But could BTC be defined bullish after today move? Unfortunately not. Let's check the motivations together 1) Selling pressure around 4150 area on Bitfinex: The bulls tried many times in a row (7) to break 4150 during the pump but all the times bears won the battle... So 4150 won't be easy to defeat. 2)...

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The price is about to reach a key area of resistance to determine the trend in the very short term: between 58.80 and 59.70 a barrier has formed which is a watershed between a further climb of another 6 dollars towards the area between the $ 62/64 per barrel, or a retracement to the support at $ 52.20. The fundamental scenario that is taking shape is quite clear:...

BFCMInvest

The Coffee and the dollar The price is above a key support zone, between approximately 96.4 and around 95, it fails to recover because exports are in sharp decline as the currencies of the exporting countries are affected by this devaluation against majors like the US dollar, tending to limit sales so as not to lose too much. All of this,  has caused exports fall...