It is probable that it is the time for a retracement after a long way up. The index has been on the uptrend for sometime. Since the price reversed and crossed the 30-period MA on its way down it signals that an end of the uptrend has taken place. That does not mean however the start of a retracement to the 61.8% just yet. The price needs to break down important...
The pair started to deviate from the mean by going downwards. It changed direction to the upside and so moved around the mean. However it eventually settled lower as the USD was picking up strength against the EUR. The last movement to the downside was relatively a rapid one. The pair found strong support at near 1.06580 that could serve as the 100 Fibo level. A...
Potential retracement opportunity for Crude oil considering that the resistance at 77.5 has been broken indicating a signal to the upside. The price has experienced a sharp fall recently and a strong support is currently preventing the price to fall further. Technically and considering the volatility of Crude oil's price, a retracement should take...
Wall Street is close to its best week of 2023 on hopes for a halt to rate hikes. The Index experienced a strong reversal. The path though is quite unusual since no retracement has been recorded yet. This might be the opportunity to catch the retracement. The index is expected to return back to the mean and the 61.8% of the move at least. As per the...
The EURUSD has experienced several reversals that might give us the opportunity to take advantage of another retracement. As per the chart, the price reversed to the upside. Now it looks like it is retracing back to the mean. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Gold experienced extreme volatility. It broke the triangle formation upwards testing again the 2009 USD resistance level before it finally reversed suddenly with a drop to 1975 USD/oz. This reversal could create an opportunity for a retracement as per the arrow and back to the 61.8% of the downwards move. __________________________ Information Regarding...
It is apparent that the EURUSD reversal to the downside raises question's regarding a follow up retracement to the upside. EURUSD is teasing us here with the Fibo tool fitting nicely on the chart. Let's see. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
It is clear that the NAS100 has broken another consolidation phase and moved to the downside rapidly yesterday. This is an unusual crash intraday and considering the volatility of stocks, the index is expected to retrace before crashing further back to the 61.8%. It could be the case that this support is going to break instead. However the risk-reward ratio at...
It seems that Crude moved rapidly upwards, a reversal that crossed the MA on its way up. Retracement is almost impossible not to take place considering oil's volatility. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...
Possible breakout downwards as per the chart. Retracement to the mean (30-period MA) is probable after the breakout. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It...
Crude's volatility levels are high. It reversed recently to the upside and continues breaking important resistance levels on its way up. Since the recent rapid movement to the upside seems to have halted, it is quite probable that a retracement will follow as per the arrow on the chart and Fibo tool. __________________________ Information Regarding Important...
Crude oil has experienced a jump after the Hamas-Israel conflict. It seems now that the price is following a consolidation phase forming important support and resistance levels. Breakout of those levels could cause the price to deviate significantly creating opportunities. Next possible levels are depicted by the arrows. __________________________ Information...
Seems that the GBPUSD has formed an upward wedge. Volatility started to get to lower levels after the NFP news on Friday. The Breakout of the upper or lower band of this formation could cause the market to move rapidly in the same direction as depicted by the arrows. __________________________ Information Regarding Important News and Figures can be found here...
Gold jumped following the NFP news and the news for the Israel-Gaza conflict that erupted into war after attack by Hamas. Commodities prices moved to the upside rapidly. Retracements are possible intraday as shown on the chart. A significant breakout of a support at near 1846 could cause the price of Gold to drop for the...
The index has been surging yesterday after the market opening. A reversal actually formed as the price reversed crossing the MA on its way up and now a retracement is likely to happen with target level as per the Fibo tool. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
The U.S. benchmark indices have come to a downward halt finding strong support. There is a possibility that we will see a retracement as per the arrow today. Currently there are some resistance levels that are stopping the index from moving to the upside. They will potentially brake after the NYSE opening. __________________________ Information Regarding...
Currently Crude Oil has experienced a surprising upward movement, a reversal actually that could potentially give rise to a retracement opportunity. The 93.75 resistance could serve as the end of the shock upwards and soon a retracement could follow, near to the level 92 USD/b. __________________________ Information Regarding Important News and Figures can be...
It is clear that all U.S. benchmark indices are currently facing a downward trend. In the case of the NAS100 the Falling Wedge formation seems to hold. we could see the index falling even further when volatility kicks in after market opening at 16:30 GMT+3. 14620 serves now as an important resistance level (was acting as support previously). The next support is...