Analytics
Lenta's stock price is expected to growConsider Lenta's shares on the London stock exchange. A wedge pattern has formed on the 1-month and 1-week timeframe. Globally, I expect this stock to grow .
EURUSD - Down:Hello dear investors and fellow traders!
• Comment on last week:
The single European currency ended the last week on September 7-12 ambiguously, although by the end of the week the euro rose by 8 points.
Macroeconomic data, which came out better than expected, all turned out to be extremely negative, and the new restrictive measures caused by the spread of covid do cause our concerns. Thus, Austrian Chancellor Mr. Kurz announced Austria's entry into the 2nd wave of covid.
The positive reaction of the euro to Madame Marin Lagarde's speech was caused by the disappointment of market participants' expectations to hear a tougher stance on the strengthening of the bloc's currency.
However, this reaction did not last long.
"Improving economic data in the United States and its deterioration in the Eurozone, corrections in global stock markets, geopolitical tensions between the United States and China, Brexit, an increase in the number of covid cases in Europe, restrictive measures and a record large position of speculators on the growth of the euro.
All these factors make it impossible for the euro to move upward without additional intervention from the Fed.
The outlook is bearish. "
Manager, WMCI Europe Fund
Melnikov Sergey.
• Technical analysis:
H1
The shift of High and Low levels is lower than the previous indicators. The currency pair broke through the ascending channel, but returned and these attempts met a decent resistance - a local triangle was formed.
H4
The pair demonstrates a highly significant support zone for the bulls:
1.1766-1.1752.
D1
Euro continues to consolidate after the recent rally, moving lines have gathered together, rsi continues to decline, although the pair remains in an uptrend.
Respectfully
WMCI
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Gold H4 - Short SetupGold H4 - Mixed signals from gold at the moment, currently consolidating after a nice selloff on our H4 support region (H&S we marked y'day). We have had a couple of attempts to push higher, but seems we have formed a consolidation range (effectively our flag). Waiting to see if we crack below this 1928 region to set new lows and break support, from here on the retest of 1928 we could look to jump in short.
EURJPY: GLOBAL 2.0Greetings dear followers!
We glad to present our system of technical analysis to finds out levels and we present levels by all popular timeframes free.
We will update it every month.
H4:
• Supports: 124.30, 123, 121.85, 120,31
• Resistance: 125.47
D1:
• Supports: 124.03, 122.70, 116.83, 114.63
• Resistance: non.
W1:
• Supports: 112.16
• Resistance: 127.16, 132.88, 134.10, 137.21
MN1:
• Supports: 101.67, 94.94
• Resistance: 142.09, 148.51, 156.14, 168.80
With Kindly regards,
WMCI
USDJPY: GLOBAL 2.0Greetings dear followers!
We glad to present our system of technical analysis to finds out levels and we present levels by all popular timeframes free.
We will update it every month.
H4:
• Supports: 104.79, 104.20
• Resistance: 106.21, 106.65, 107.36, 107.87
D1:
• Supports: 104.44, 102.68, 101.15
• Resistance: 109.71, 111.72, 112.20
W1:
• Supports: 101.15
• Resistance: 114.21, 115.21, 118.04
MN1:
• Supports: 96.83, 85.89, 76.07
• Resistance: 122.03, 125.29
With Kindly regards,
WMCI
GBPUSD: GLOBAL 2.0Greetings dear followers!
We glad to present our system of technical analysis to finds out levels and we present levels by all popular timeframes free.
We will update it every month.
H4:
• Supports: 1.3017, 1.2954, 1.2893, 1.2768, 1.2648
• Resistance: 1.3172
D1:
• Supports: 1.2720, 1.2643, 1.2079, 1,1475
• Resistance: 1.3170, 1.3220, 1.3480
W1:
• Supports: non.
• Resistance: 1.4274, 1.4631, 1.5786
MN1:
• Supports: non.
• Resistance: 1.7184, 1.9319, 2.1168
With Kindly regards,
WMCI
EURUSD: GLOBAL 2.0Greetings dear followers!
We glad to present our system of technical analysis to finds out levels and we present levels by all popular timeframes free.
We will update it every month.
H4:
• Supports: 1.1711, 1.1590, 1.1541, 1.1460
• Resistance: 1.1907
D1:
• Supports: 1.1426, 1.1201, 1.0773
• Resistance: 1.1907
W1:
• Supports: 1.0894
• Resistance: 1.2070, 1.2474, 1.3966
MN1:
• Supports: 1.4932, 1.5840
• Resistance: 0,8495
With Kindly regards,
WMCI
Preload to resistanceOn the chart, there is a noticeable compression to the resistance. You can also note the reluctance of the price to update the lows, which is why a smooth reversal is formed. You can also see an inverted Head and Shoulders based on this, at the moment, the growth is most likely To observe the reaction of the price to the resistance zone.
GBPUSD ---> #3Good day dear colleagues traders!
Your attention is a technical analysis of the currency pair: #GBPUSD / GBPUSD # 3
#Technical analysis (D1):
The currency pair met with resistance traditional for this year - the 200-day moving average. As in previous times, the currency pair loses its speed and reduces volatility.
Meanwhile, we are all continuing smoothly located in the global downward channel, more locally in the triangle that holds back the current movement.
The resistance level for this triangle: 1.2720-1.2750.
Support level for this triangle: 1.2400-1.2380.
#Technical analysis (H4-H1):
On the lower timeframes, the upward channel is preserved and the current formation allows us to assume the fourth test attempt at 1.2670.
In general, the currency pair is holding well, but volatility tells us about the potential consolidation of global resistance.
#Indicative analysis (H4):
1. The 2nd MACD is trying to draw a U-turn.
2. RSI descended from the oversold zone to normal.
3. Keltner gave a signal for a trend reversal.
# Global variables:
A) Volatility:
- Daily volatility: 100 points
- Weekly volatility: 208 points
- Monthly volatility: 266 points.
#Forecast:
The main forecast for the current week is bullish, as the pair continues to be in the upward channel and enjoy steady demand when approaching the lower border.
The objectives of this movement are: 1.2720-1.2750.
An alternative forecast includes breaking the uptrend and fixing below.
In this case, we recommend opening sales with targets at 1.2532 and 1.2450.
Kindly regards
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURJPY --- #1:Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#EURJPY / #EURJPY#1
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair is stabilizing above 119.40-119.80.
At the moment, the euro has already passed the resistance of the downtrend and is now consolidating at 120.60 (38.2% Fibo).
Considering that the USA is off on Friday, the main movements will have to take place from Monday to Thursday inclusive, which may slightly increase the volatility this week.
The euro as a whole smoothly changes the direction of the price direction, which is displayed on all currency pairs, to a greater or lesser extent, stabilization at the lower boundary of the global trend is an additional signal for the euro to reverse against the yen.
Support and Resistance Levels:
a) Support: 120.00, 119.40 and 118.30.
b) Resistance: 121.10, 122.05 and 122.50.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold, but comes close to the overbought zone.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend, but also approaches the lower border.
= ≥ There are no distortions in the current movements, but we approach them.
•Trading scenarios:
--- Bullish (Most Probable):
It is he who is currently being implemented. The currency pair was able to go up to the triangle and gain a foothold above.
In this case, the weekly target based on the average volatility is: 122.00
--- Bearish (Least Probable):
The price is fixed below the global zone of support, in which case we will see the potential fall of the currency pair to 118.50.
•Global Variables:
Quarterly = 260 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 178 points (Drop from 274 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD --- > #2Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#GBPUSD / #GBPUSD#2
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair broke through the lower border of the uptrend from May 16 to June 10. And headed to the level of 1.2346 which was support for the pound. Using it, the currency pair demonstrated a weekly high and at the same time retested the lower border of the downward channel.
In the area of 1.2530 was not only the lower border, but also an important level of resistance from the Fibonacci point of view. From this line, the bears increased their sales.
On Friday, the pound broke through another important support zone 1.2346.
Which suggests a decrease in the currency pair to the next target 1.2247.
The pair confirmed a downtrend, which is shown on the hourly, four hourly and daily charts.
Support and Resistance Levels:
a) Support: 1.2247, 1.2165.
b) Resistance: 1.2355, 1.2400 and 1.2455.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold, but comes close to the oversold zone.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend, but also approaches the lower border.
= ≥ There are no distortions in the current movements, but we approach them.
•Trading scenarios:
--- Bullish (Unlikely):
The price will be able to go beyond 1.2355 and after that the price will be able to fix above the downtrend.
In this case, you can consider the goals in 1.2540, 1.2700.
-- Bearish (Most likely):
The price will be fixed below 1.2355 in this case, the next support area will be 1.2250, in case of breaking through, the attention of the participants will shift to 1.2150.
•Global Variables:
• Volatility: Weekly = 228 points // Monthly = 304 points // Quarterly = 332 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 230 points (Decrease from 350 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURUSD --- > #5Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#EURUSD / #EURUSD#5
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair would seem to have found support in the global upward channel on which the last uptrend was built from May 16 to June 10. Many market participants took advantage of stabilization near this channel and this allowed the currency pair to grow to 1.1348 (against the previous maximum at 1.1353).
An unsuccessful test attempt ended with a currency pair reversal and fixing below the global uptrend, and this week’s high showed us a new global downtrend.
The unsuccessful jerk back and consolidation under the lower boundary of the rising channel can be taken as a serious sign of a decline in the euro-dollar to 1.1160, 1.1140 - 1.1100
A good sign of this movement would be a fix below 1.1195.
Support and Resistance Levels:
a) Support: 1.1195, 1.1160 and 1.1140.
b) Resistance: 1.1260, 1.1360 and 1.1420.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend.
= ≥ There are no distortions in the current movements.
•Trading scenarios:
--- Bullish (Unlikely):
The price will be able to fix above 1.1195 and then will exit the downward channel and will be able to fix above the lower border of the upward channel.
It is in this case that the goals in 1.1360-1.1420 can be considered.
--- Bearish (Most likely):
The price will be fixed below 1.1195 in this case, the next support area will be 1.1160-1.1140, in case of breaking through, the attention of the participants will shift to 1.1100.
•Global Variables:
• Volatility: Weekly = 180 points // Monthly = 211 points // Quarterly = 217 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 180 points (Decrease from 186 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.