As described in the chart
TREND ON THE CHART TIMEFRAME: STRONGLY BULLISH FACTS AND PATTERNS: FIBONACCI RETRACEMENTS, MOVING AVERAGE, BOLLINGER BANDS POSSIBLE “PREDICTED” PRICE ACTION: CURRENT LEVEL: 1.78020. GBPAUD moved into lower Bollinger Band. Testing the Fibo 38.20 resistance of the initial move and MA 20 resistance. Possible to test Fibo 78.60 and EMA 50 support at 1.77200. If...
Channel Resistance Fibonacci Retracement Target as decribed on the chart
GBPNZD will test 0.91650 Fibonacci 88.6 and if breaks below the support region 1.88700 will be the next target.
CHART TIMEFRAME: M15 FACTS AND PATTERNS: Bullish Cypher Formation POSSIBLE “PREDICTED” PRICE ACTION: A retracement towards Fibo 88.60%. Levels are as described on the chart.
H1 Chart Timeframe Possible retracement from Fibo 161.80. Targets: .69200 and .6900 Good Luck
AUDCAD TRADE IDEA: ( SHORT TERM – INTRADAY ) TRADE: SHORT AREA OF ENTRY: 0.97300 – 097200 STOP LOSS: 0.97450 TAKE PROFIT 1: 0.97000 TAKE PROFIT 2: 0.96700 EXTENDED TARGET: 0.96350
Strong resistance at 113.750 POSSIBLE “PREDICTED” PRICE ACTION: Retracement towards 113.28 and 113.080
PAIR: USDCHF CHART TIMEFRAME: H4 TREND ON THE CHART TIMEFRAME: STRONGLY BULLISH AREA OF ENTRY: 0.99800 – 0.99900 STOP LOSS: 1.00225 TAKE PROFIT 1: 0.99200 TAKE PROFIT 2: 0.98800
The NFP report released on Friday showed that the US economy added 228,000 new jobs in November, above expected, but also that the previous month’s figure suffered a downward revision, from 261K t0 244K. The unemployment rate unchanged at 4.1%, while wages grew above previous, but below expected. MoM, average hourly earnings surged by 0.2%, and by 2.5% from a...
The NFP report released on Friday showed that the US economy added 228,000 new jobs in November, above expected, but also that the previous month’s figure suffered a downward revision, from 261K t0 244K. The unemployment rate unchanged at 4.1%, while wages grew above previous, but below expected. MoM, average hourly earnings surged by 0.2%, and by 2.5% from a...
A potential retracement Levels as mentioned on the chart
The pound is destroying all targets ahead. EURGBP, GBPJPY, GBPAUD, GBPNZD, GBPCHF even GBPUSD. We have reached the main targets. But the game is just starting. The important midterm support has already been broken on EURGBP. 0.87300 is the Fibonacci 61.80% of the daily chart and this was the strongest support after 0.87500. Selling pressure will continue as...
A strengthening U.S. dollar makes a negative effect on Crude Oil prices. However; Chinese data of earlier today supported the price. For the midterm, we keep our idea of 60-62 USD. 2 important fundamentals are supporting the price: OPEC supply cut China’s demand which will this year overtake the United States as the world’s biggest crude importer. China’s crude...
AUDJPY Potential LONG Opportunity Possible retracement from Fibo 88.60 Area of entry: 84.80 - 84.70
GBPUSD Forecast And Technical Analysis Dec 8th Cable and all other GBP pairs boosted by positive Brexit News indicating that the EU and the UK reached an agreement on the role of the European Court of Justice post-Brexit, being then, the Irish border issue, the last milestone, which headlines indicating a deal is close on the issue being the latest bullish...
EURCHF trading in a narrow range 1.17000 - 1.16600 A breakout ( Possible to test 1.16600 ) may cause minimum 50 pips move in the same direction of the breakout.