Dailychart
EUR/USD - Short Around 1.16650 EU/USD looking to test 1.16650 resistance and then fall around 1.13850.
Daily Pullback | Short SetupGBPJPY approaching daily descending trendline in confluence to the 0.618 fib retracement and a potential rejection is possible.
Euro is become more optimistic: There's nice news of EurozoneAs today we see a good ness for the Eurozone, so Europe could be benefited in this week because if you noticed it this news:
"Euro is turning into "credible" safe haven after Europe Union Rescue Deal"
So, as Sterling Pound also is strenghten, but not in EUR against her rivals, because the Euro fundamentals is more strongest than Sterling Pound.
No guys, in this technical analysis, in Daily we see a Euro so bullsih as the par EUR/USD continue the trend, that may be influenced in this par too. Looking in Daily timeframe, we see a closed up of candlestick in Daily, so carefully we see a inverted hammer, that show that in the next days Euro is continue up and buyers are here defend the Eurozone while all the Euro fundamentals keep in reputation.
More interesting is that timeframe too, in H4 we see a bullish movement and we are in this bearish channel, that mean a continue of the trend, rememebr that in Daily is so bullish still it.
i will going again to discuss the fundamentals in this par and the msot important for me is:
1. Euro rose against many of its peers today on hopes over a crucial milestone as the Eurozone's goverments look set to form a consensus on a covid-19 recovery fund.
2. Although lower than the initial proposal of 500 billion of euros, the new grant is agreed at around 390 million euros-still a significant boost for the Eurozone's struggling economy
3. A commentary of Valentin marinon say that as European Union fund should foster fiscal solidarity in Europe and create a massive new pool of high-quality, euro-denominated bonds.
4. Euro's investor see that Eurozone's largest economy's has the ability to recover from the covid-19 crisis while the incresingly of the important countries as France, Germany, Italy, Spain, Denmark, etc... That is ones of the countries wiht largest cases of covid-19. Specially Spain is one of the largest cases in the channel called in spanish: España Noticias!!!
Did you know, this par is one of the sensitive becuase when United Kingdom is more optimistic in the past week, we will needed to sell Euro than buy Sterling Pound.
So, guys this is all my news, don't recall the fundamentals, reading is important, because one of my strategist is when I going to sleep, turn my computer and read firstly than making technical anlysis
GVTBTC has been a nice daily breakoutGVTBTC has been a nice daily breakout ad you can see on left chart.
On the right chat with 4h timeframe, it creates a nice support (yellow rectangle).
According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Gold Futures – GC1!
After the breakout of the ascending triangle we moved up to the price target of the weekly chart
GC1 took a break at this level and moved some days in a slightly downward in a corridor
In the last two days GC1 broke out of this corridor and went back to the upward trendline
In my point of view GC1 is increasing further to the target price of USD 1’913.80 of the ascending triangle
GBPUSD Head and Shoulders FormationThe Cable is looking strong to form a head and shoulders formation.
We have to be careful about stop loss order. In my opinion higher than MA 20 will be bullish for the Cable. So i set my stop loss order regarding to it.
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GBPUSD Long "Daily"Monthly major support zone with bullish divergence . Daily made new high in June. Recently made higher low. Today broke out of 4H Bullish Pennant . Start of Bullish week to push for new highs.
GBPJPY Long "Daily"Monthly major support zone with bullish divergence . Daily made new high in June. Recently made higher low. Today broke out of 4H Bullish Flag . Start of Bullish week to push for new highs.
USD/JPY Swing Trade Idea - Possible Retest on 105.450USD/JPY Swing Trade Idea
Looking to retest 105.450 and bounce up to 109.450.
Good luck! And remember, this is just an idea.
AUD/USD Swing Trade Idea - Possible Retest on 0.70250AUD/USD Swing Trade Idea
Looking to retest 0.70250 and bounce down to 0.61250.
Good luck! And remember, this is just an idea.
GBP/USD Swing Trade Idea - Possible Retest on 1.26850GBP/USD Swing Trade Idea
Looking to retest 1.26850 and bounce down to 1.17150.
Good luck! And remember, this is just an idea.
U.S. Dollar / Swiss Franc
Still in a downtrend on a daily and weekly basis
Will the support hold at 0.93760?
On a weekly basis the 100 MA will cross the 200 MA in the next days
Will the dollar test the low from 2018 at 0.91876?
My view is that the dollar will be still under pressure against Swiss Franc and that we will break through the support at 0.93760 and retest the lows from 2018
