Analytics
GBPUSD - The Growing Wedge:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
The currency pair has not practically changed relative to the last close, although the pair made an attempt. The contracting range creates the classic “Growing Wedge” trading figure, which suggests a decline to 1.22-1.20.
The currency pair demonstrates the normal performance of standard indicators of price and volume.
We expect a decline to the lower border, its breakthrough and fixation under it.
This week suggests a constant news flow of macroeconomic statistics for the UK, and given global trends, they will clearly be negative.
Levels of mathematical support and resistance for the current week:
a) Support: 1.2392, 1.2280 and possibly 1.2152;
b) Resistance: 1.2634, 1.2760 and possibly 1.2874;
Market participants are strained by the growing third deficit in the UK under current conditions, but 2 negative factors can immediately add to this: uncertain Brexit and the weakness of the British economy.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
EURUSD - and again the triangle:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
In this article, we examined the technical side of the #EURUSD currency pair:
The currency pair completed the decline last week, leaving the ascending channel and forming a tapering triangle, the vertices of which you can see on the chart.
A currency pair demonstrates normal indicators of standard indicators of price and volume.
Which makes it possible to use trade both inside the triangle, and in case of breaking it.
Levels of mathematical support and resistance for the current week:
a) Support: 1.0793 and 1.0713;
b) Resistance: 1.0971, 1.1069 and possibly 1.1149;
Volatility should increase this week, as there will be very many, most likely negative statistics and all the attention of investors will be focused on the locomotive of the Eurozone - Germany.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!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 and Partners Investment” 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.
EUR/GBP - new triangle:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Eurgbp:
All last week, the currency pair spent in a narrow trading range sandwiched between a downtrend and a new support level - 0.8685, thereby forming a new triangle.
The currency pair demonstrates the normal performance of standard indicators of price and volume.
As a result of this, we can safely say that if the downtrend persists, the next target for the bears will be - 0.8574, which is the Fibonacci support level of 76.4% of the past uptrend.
If the currency pair can break through the downtrend and gain a foothold above it, then the first target for long positions will be 0.8745, psychological mark 0.88 and possibly 0.8883 (50% Fibonacci support).
This week suggests a constant news flow of macroeconomic statistics for the UK, and given global trends, they will clearly be negative.
Market participants are strained by the growing third deficit in the UK under current conditions, but 2 negative factors can immediately add to this: uncertain Brexit and the weakness of the British economy.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!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 and Partners Investment” 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.
Wedge on timeframe 1 dayThe wedge was formed on timeframe 1 day. I expect growth of quotes if the price breaks the upper limit of the pattern.
GBPUSD#5:---> Hold the sell:Good day, dear investors and colleagues traders!
To your attention, an analytical look at the currency pair #Gbpusd:
Comment_for_went_week:
The currency pair spent the entire trading week in the range of 1.2475-1.2231 last which is the Fibonacci support of 23.6% of the last movement.
The asset closed the trading week with a decrease of 200 points. The coefficient R also decreased to 282 points from 1046 the year before last.
Technical analysis:
Globally (D1-W1):
We are seeing a downward channel, which began in June 2016, and received confirmation in February-April 2017. The most incredible thing is that the lower border of the channel is at around 1.06, but the question is, will we reach the next 3 months?
Locally (H1-H4):
The currency pair was in the range all week, and further movement limited the Fibonacci resistance from the movement 09.03-19.03 = 1.2510 (61.8%). And most likely, we will see new declines.
Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;
Indicative_analysis:
* Leading indicators: Left the overbought zone and sank into the normalized zone.
* Price behavior indicators: Demonstrate the return of the price to a "normal state".
* Trend indicators: show a trend-down.
Final recommendations:
We continue to hold the sale from 1.2382
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!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 and Partners Investment” 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.
EURGBP#3:--->Time To buy:Good day, dear investors and colleagues traders!
To your attention, an analytical look at the #Eurgbp currency pair:
Comment_for_went_week:
The currency pair continues to decline for the 2nd week in a row and naturally, given the past weakness of the pound, it is quite difficult to navigate the future direction.
However, some clues about the imminent completion of the decline in the currency pair are still present.
The main factor is that the asset reduced the range of the downward movement and completely left the downward channel.
The result of the week was a 119 point decrease in the Range coefficient to 252 points from 483.
• "Opinion of the managing fund"
“The pound looks like a weaker currency compared to the single European currency. The pound has a negative budget, trade and payment deficit. Weak investment activity, uncertainty around brexit, the tireless Scottish struggle for independence, all this plays against the once main reserve currency of the world.
The current crisis will only bring out all the problems that lurked behind the beautiful facades. "
Technical analysis:
Globally (D1):
Since August 2016, the currency pair is in the range indicated by the zones: 0.9310-0.9250 (Upper border) and 0.8340-0.8302 (Lower border). And the current volatility only tested the strengths indicated earlier.
Given the current situation, we can say that the currency pair will still test resistance levels that were not given at first sight.
Locally (H1-H4):
As mentioned earlier, the currency pair came out of the downward channel and it looks like it found support about 61.8% Fibonacci from the previous movement.
Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;
Indicative_analysis:
* Leading indicators: Demonstrate the potential purchase opportunity for a currency pair.
* Price behavior indicators: Demonstrate the return of the price to a "normal state".
* Trend indicators: show trend-down which are shown on local charts.
Final recommendations:
We recommend potential purchases of a currency pair, from current levels with a specific stop:
close the current position if the 4-hour candle closes below 0.8730.
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!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 and Partners Investment” 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.