Midaz_Investments

Midaz_Investments

TVC:DXY Bullish triangle spotted, which price at the support zone of the uptrend channel. Price action last week, we can see growing volumes throughout the week expect for Friday closing where volume halves, which tells us that the Friday lower close is not a reversal but a cool off. Next week important data would be the Fed interest rate decision, there is a...

Midaz_Investments

Oil prices recently bounce off sharply from the low when it hits a negative number, This is pretty much common sense as speculators understand that oil prices cannot be in the negative range for long. That logic invites plentiful Bulls in the market. But what to take note of is that as the cartels continues to dig more oil, and when storage is limited while...

Midaz_Investments

TVC:USOIL Mirror image on daily chart. Possible cool off on selling pressure, before falling to all time low @ $15.7-16.2 range. Good to note some history low's 17.2 (2001) 13.8 (1994) 10.5 (1998)

Midaz_Investments

OANDA:GBPUSD Slight divergence spotted, Pairs recently moves really choppy, there might be a chance big boy are buy up at better prices, absorbing bears shorts . We can see that the pairs should fall back further due to TA during the pullback, but played out choppy instead. lower highs and lower lows in short timeframe. Our call is a possible short term pull...

Midaz_Investments

TVC:DXY Here are some of the stronger near-term support and resistance zone traders can rely on the pullback or breakout in those zone. Best correlated pairs to enter position would be USDDKK

Midaz_Investments

OANDA:USDCHF 1HR chart view, the pairs is currently resting on the 20SMA uptrend line, with 20SMA crossing 50SMA 34hr ago. Stochastic indicator bullish crossover at 31.2 . The pair remains above 200-HMA. Considering the bearish MACD, sellers will be the lookout of the pattern’s confirmation, on further declines below 0.9665. Where Stop loss below that range can...

Midaz_Investments

FX:GBPUSD Short term Resistance have been spotted at the 1.252 level. short term 50% Fibo level at 1.2542 level, will look for a pullback once at this level. UK lockdown has been extended at least for another 3 weeks. With Covid19 active case still on the raise, this will take a toll on the UK economy, affecting its currency strength, preventing a rally back to...

Midaz_Investments

OANDA:EURAUD AUD rose slightly, The better than expected jobs report took a back seat, not reflecting the full impact of the shutdown. China's Q1 GDP (-6% YoY expected) is the key driver of AUD today. On the Technical side, Daily chart shows an Uptrend still intact, 4hr chart shows strong support intact, 1hr chart shows Support line bounce off. Overall strength...

Midaz_Investments

A break above the decision zone will cause dollar to return to its safe haven status demand. A pullback is also in the possibility as dollar rejected to stay above the 100mark. Optimism about the re-opening of the US economy is a double edge sword. TVC:DXY

Midaz_Investments

Rare Triangle pattern found. The support & resistance around 1.255 mark would be the turning point for GU. The recent spike up was due to 1) Oversold Gbp last month 2) Dollar weakening 3) Boris Johnson was out of intensive care unit But, Lets not forget about the trade talks with EU. Back then if there was no deal on the table, GU was headed for 1.13-1.15 range,...

Midaz_Investments

Resistance at 112.782. support awaits at 111.662 Will look to buy the pairs if it come back down to trendline support where RSI is nearer to 35-40mark. Double support at that area, Risk is low, while rewards are great. Good Luck FX:CHFJPY

Midaz_Investments

FX:USDCHF 20 MA cross 50MA , Trending Down If it breaks 0.968 support, will target to 0.964 support area.

Midaz_Investments

Measuring the previous long consolidation phase of 6+days, if the same would to happen based on the decline in volume trend. Another 2-3days from today we would have an opportunity to BUY GU. With Stop loss of 50pips, TP of 150pips. Risk reward 1:3. We notice a couple of Double tops and double bottom, awaiting next double bottom ! if the next few days Boris...

Midaz_Investments

A breakout above the 1.2475 resistance line would allow GBP to surpass and target 1.265 target. A breakout of support line 1.232 would lead to a pullback targeting 1.2 area. risk to reward ratio is more than 2x. We predict a pullback soon, as Dollar regains its safe haven status when US500 returns to all time low due to covid19. UK economic Data does not seem...