FUNDAMENTALS/FINANCIALS
Analysing the financials of this company, it is clear their assets are growing year on year between 10-30% and there revenues are also increasing. They seek to open branches in Canada, Australia and other discussed locations. As an asset management company, it is vital to ensure profits or "Revenues" are increasing whilst assets under...
Looking bearish to the downside to cover the gap (Gapfill) inline with the daily + Weekly 61.8% retracement + POSSIBLE CORRECTION WAVE. First downside target being 1.07750, however a management target should be considered around 1.10300 (Red dashed support). Once this level is broken the bears will gain further momentum. Our second target being 1.0500. However,...
Looking short on this pair, we had a week USD previous week, all geo political reasons. However, we have price rejecting at the H4 61.8% in line with the daily + Weekly Bearish Trendline. Our downside targets of 0.73450 (Target 1) then possibly 0.7200 (Target 2) (BEARISH ABCD FORMATION + POSSIBLE DAILY COMPLETION OF 5th IMPULSE WAVE) . Once each target is met...
EURUSD demonstrating bearish momentum with the price consolidation (Bullish price becoming more narrow) which represents a weakness in the bulls. We have a channel as seen on the chart with 5 waves complete with the formation of a bearish belt hold formation. 1.100-1.1100 being a key holding area we can expect price to fill the gap which is a 50-61.8% retracement...
