About me🐮Hello Mr/Mrs 🐻
🗣My name is Erik I'm a forex analyst with a 2 years experience in this field.
🇦🇱I'm of Albanian origin and I live in Albania where Forex has not yet formed its form as a popular trading platform.
Floricus is returning to the previous area after the collision of MA 100 and MA 200 and we are already aiming at returning to zone 1298 and then looking for the latest changes after the arrival of this zone
The price bounces from 1.12000 support level . RSI confirms the price reversal and MACD histogram supports the further upward movement. DMI is still bearish but ADX line falls. It tells us that sellers are not so strong for pushing the market lower.
EURUSD no longer doubts it is all up in the waiting until we break the
border of 1.1230 and here we are climbing to fix everything and stabilize the situation from last week.
EURUSD 4H CHART / RESISTANCE & SUPPORT
The latest stock market growth has sent DAX to the top.
So the channel level has been broken down to 11,990 and we can recover from an increase of 12,140. Then you will see a decrease of 11,880 and a breakdown of 11,690 to continue with you at 11.150
Before the NFP news we predicted by stoch indicator how the market would go,
we already have a fairly clear view ...
Because Gold is now forecast to go to point 1298 and 1300 because stoch slow (6,10) is going up
Today I introduce you to the slow stoch analysis where we will see that if the arrow part goes above then we have a very strong signal from the bulls but if the bow reaches the bottom the salespeople will try to break another resistance in 1287 and continue with down to 1280.
There's a bearish Harami on daily.
Education(HARAM): This pattern consists of a white body and a small black body that is completely inside the range of the white body. If an outline is drawn for the pattern, it looks like a pregnant woman. This is not a coincidence. “Harami” is an old Japanese word for “pregnant”. The white candlestick is “the mother” and the...
CADJPY Bearish Bat Pattern and Short Opportunity
Description: CADJPY completed a Bearish Alt Bat PAttern on the H4 Chart. Bearish correction is predicted.
OSMA divergence confirms the bearish reversal
Trade Period:Intraday / Midterm
Estimated completion time: 2-8 H4 Candle Stick
The trend in the Timeframe: Bullish
The trend in the...
CAD/JPY SELLER ON POINT
has reached a point where it is not known whether it goes high or goes down but know that we have to expect the support break in point 83.3 where this would be a very powerful success for the seller and a lost round for the buyers since it will be quite difficult to set up and manage to keep the market in check.
This would send us to...
EURUSD price action have been trading in a quite narrow range, price has almost reached the prior lows where I see convergence developing.
Looking 1.1176 a good area to build long positions with a 50 pips stop, targeting 1.1338 area.
Gold Prices Decline as China Manufacturing Data Lifts Confidence
China's Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.8 from 49.9 in February. That was the strongest reading in eight months and followed an uptick in the official PMI, which tracks mainly state-owned enterprises.
The data suggested China's ailing manufacturing sector is...
The broader outlook for GBP/USD is no longer bullish as both price and the Relative Strength Index (RSI) threaten the upwards trends from late last year, and the advance from the 2019-low (1.2373) may continue to unravel following the string of failed attempts to close above the Fibonacci overlap around 1.3310 (100% expansion) to 1.3370 (78.6% expansion).
The British pound had a very sensitive downward breeding.
But as you can see in the table Pound could not keep the seller under the price of 1.29 - 1.28 and continued its positive rise by creating a scalp ...
Now the buyers have a very high share in this fall in prices
The daily chart is looking to have a positive improvement, supported by tweezer bottoms also IMO.
FYI: This pair closed above 1.3100 on the hourly chart already, and now this opens 1.3200 again.
Buckel up and manage your
Vote Brexit Parlament: www.theguardian.com