RaphFX

RaphFX

After taking a rapid correction following Bidens victory pushing up yields, Gold looks set for another move higher following E Wave analysis. A key catalyst for a potential gold move back to highs would be a potential downside move on BTC. BTC has definitely gained interest, with many investors now comparing the unique asset class similar to gold in its ability...

RaphFX

Apologies for not posting in a while. My account was hacked and was not able to get access for back for a long time. I have mixed up my analysis style on this idea by illustrating the chart itself. Let me know what you think? Bull or Bear I would like to hear.

RaphFX

Technical Analysis After a modest rally, this week following Dollar weakness the Euro has a confluence of important technicals indicating possible weakness. 1) A retest of previous channel structure which has acted as important support and resistance over 3 months. 2) A retrace to the golden fib ratio 0f 50-61.8% (1.19200 - 1.16350) 3) Momentum divergence...

RaphFX Updated 

Great day for Dollar bulls Unemployment rate beating expectation - 8.4% vs 9.4% expected (0.1%) Dollar breaking out of wedge A retest of 93 .06 or previous resistance on the wedge would be an ideal place for re-entry on dollar positions Key resistance on 93.2 area from 2015 lows

RaphFX Updated 

Eyes are on ECB president Christine Largarde tomorrow to see if she will echo her colleague’s concerns at the bank’s policy meeting on Thursday, as ECB policymakers warn that if the currency keeps appreciating it will weigh on exports, drag down prices and intensify pressure for more monetary stimulus, holding back on the Euros economic recovery. I am not...

RaphFX Updated 

Fundamental Analysis: UK Economy currently holds a significant current account deficit of £21.1 billion (Q1 2020) or 3.8% of GDP Indicates a substantial deficit of savers, the UK economy is therefore in need of international savers to plug the gap, however international savers are only willing to come in when there is a strong fundamental outlook. Over the past...

RaphFX Updated 

Strictly from a technical perspective BTC is currently under period of consolidation following a impulsive leg to the downside Momentum is currently shifting, squeezing out the last few bears ready awaiting for the bulls to unload Risk Reward looking very positive with stop placed below 9,800 handle with a potential profit up to recent highs at 12,000

RaphFX Updated 

In a rush right now, will update the anaylsis.

RaphFX Updated 

US Manufacturing activity expanding at fastest rate since late 2018, growth in new orders jumped more than 6 points - highest since 2004 Reopening of businesses and improvement in consumer demand that left inventories depleted are boosting manufacturing in US All this lead to dollar reversal yesterday with continued expectation into the week From technical...