We look for a potential SHORT trade opportunity. After BoC rate decision, CAD lost weight. AUD is weak as well. We look for a correction. Fibonacci 23.60% is 0.98580 resistance
Some of the big market makers started to speak about “overvalued” NZD. The lack of progress in Brexit negotiations was a drag for the Sterling mid-week, but the news was quickly followed by headlines indicating that the EU could offer the UK a 2-year transitional deal, bringing some relief to speculators. The EU27 group will meet this upcoming day to discuss...
Chart Time Frame : H1 LONG entry with the breakout of the triangle.
Fundamentals: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined to end a supply glut. Brent crude, the global benchmark, was up 8 cents at $58.41 a barrel by 0437 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas Intermediate crude was...
Levels as described on the chart
Watch the Breakout of the channel
Oil prices settled higher in see-saw trade on Friday, as political tensions in the Kurdistan region continued to disrupt crude supplies. Oil exports from Iraq’s Kurdistan towards the Turkish port of Ceyhan were flowing at average rates of 216,000 barrels per day versus the usual flows of 600,000 bpd, a shipping source said. The supply disruption in Iraq comes amid...
I am Bullish Mid-Long Term. And I have published an article on our website: Long Term Gold Forecast: Why I will continue to buy Short-Term Fundamentals: Gold Non-Commercial Speculator Positions: Large speculators slightly raised their bullish net positions in the Gold futures markets this week, according to the latest Commitment of Traders (COT) data...
Fundamentals: As estimated, EURUSD has continued its sideways move. Having struggled around the 1.1800 level for most of the day, EURUSD closed the week at 1.17730 ahead of ECB’s meeting and US advanced Q3 GDP. The pair was driven by the politics last week. Another important point is yield spreads are moving significantly against EURUSD, with ECB balance sheet...
Possible ABCD pattern with LONG trade opportunity Levels as described on the chart Worths to try.
GBPCHF broke ut critical resistance on H1 chart. Price is above EMA 50 and Tenkansen. And the price is about the leave the Kumo behind.
Cable is testing the Fibo 50 % 1.31800 H4 Closing above 1.31800 will confirm the trade. Levels are as described on the chart.
GBPUSD LONG Trade Opportunity Cable testing Fibo 50%. H4 Closing above 1.31800 will confirm the trade. Levels are as described on the chart
Levels as described in the chart