leonardistefanofx

leonardistefanofx

GBPUSD pair fell in the final hours of US trading, ending the day in the red around 1.4040. The pair bared quite well with the dollar's demand, but the greenback found strength in soaring US Treasury yields after a 7-year bond auction resulted at 1.19% vs 1.14% ahead of the event. The UK macroeconomic calendar had nothing to offer, preventing the pound from...

leonardistefanofx

The EURGBP cross edged higher through the mid-European session and was last seen hovering near the top end of its weekly trading range, around mid-0.8600s. The cross witnessed some short-covering move on Thursday and has now recovered over 100 pips from one-year lows, around the 0.8540 region touched in the previous session. As investors digest a delay in the...

leonardistefanofx

Fed’s Williams says he expects inflation to remain subdued despite strong growth ahead Even though the economic outlook is brightening, the inflation rate is likely to remain subdued, a top Federal Reserve official said Thursday. New York Fed President John Williams told a group of Black leaders of New York that he’s become “more optimistic about the...

leonardistefanofx

GBPUSD - Pound hit three-year highs against the Dollar on Thursday and is likely to continue its bullish trajectory in the near term, but could undergo a change of direction once the impact of Brexit starts to make its mark. The pound's strong jump was caused in part by the weakness of the dollar and also by British Prime Minister Boris Johnson, saying that the...

leonardistefanofx

W1 - Timeframe Analysis EURUSD pair continues to fluctuate around 1.2130 level, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 1.2171 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.2300. On the other hand, we should note that breaking 1.2064 and...

leonardistefanofx

D1 - Timeframe Analysis In this Timeframe the bearish pressure that extends from October 20th is visible, we are now in a phase of order accumulation, with probable generations of new channels. January 14-20 - The bearish continuation was rejected 3 times. February 8, 2021 - The value reached 1.5620, Key chart level which could face increased buying or...

leonardistefanofx

USDCAD - The pair is approaching an important support, active since February 1, 2015, from this date the lateralization process began. From 1 March 2020 a bearish trend began from which the pair has not yet emerged. This could be a new reversal area towards new bullish moves. H4 - Timeframe Analysis It possible notice different shadows generated as the pair...

leonardistefanofx

The Accumulation / Distribution is an area designed to determine whether traders are actually accumulating (buying) or distributing (selling). Usually a similar price movement and volume suggests an imminent trend breakout or a future trend reversal. In my educational analysis is possible understand what might be expected after leaving the period of distribution...