Aleksin_Aleksandar

Aleksin_Aleksandar Updated 

The dollar index is slightly defensive. The result is a break of the ascending trend line. For now, the dollar is supported by the EMA 50 moving average. If the index falls below the moving average line, the index would retreat below 107.00. A potential target is 106.00 on the EMA200 daily moving average.

Aleksin_Aleksandar Updated 

The oil price is on shaky ground and could easily fall below the four-year support zone. The price of oil would drop to $60.00. The announcement of the US-China, US-Canada-Mexico, and US-EU trade war will cause us to see a lower flow of goods globally, and therefore, we will see a decrease in the demand for oil. In such a scenario, oil will continue to fall to...

Aleksin_Aleksandar

Gold is getting closer to the $3000 level, and if the bullish trend continues next week, we can expect a jump to the $2920-2950 range. The price is supported by all moving averages and shows no signs of weakness or slowing of the bullish trend.

Aleksin_Aleksandar Updated 

EURJPY has the potential for a bigger pullback if we see a further decline initiated in the latter part of last year. The pair is already down 1,500 pips from last year's high. We have the H&S formation and are awaiting a break of the neckline for further decline. A possible target is 150.00, while the 140.00 level is less likely. A return above 170.00 puts us...

Aleksin_Aleksandar

EURAUD potential to continue on the bearish side. The pair formed a double top, and on Friday, we saw a breakout below the neckline. We can expect further extension to 1.63500. If the pressure on the EURAUD continues, a drop to the 1.60000 support zone will follow.

Aleksin_Aleksandar Updated 

The JPY index has the opportunity to push the Japanese yen and thereby strengthen the currency against others in the next month.

Aleksin_Aleksandar

Now, we start thinking about the bullish side. This morning, the oil price formed a new high for the last seven days, since last Monday. By placing Fibonacci on the chart, we see a pullback stop in the 50.0-61.8% zone. Oil has formed a higher low since Friday, and we need an impulse to move back above the EMA 200 hourly moving average to strengthen the bullish...

Aleksin_Aleksandar Updated 

Oil and a perfect example of a bearish trend with Fibonacci. Also a perfect stop in the 50.0%-61.8% zone and continuation to the bearish side.

Aleksin_Aleksandar Updated 

An example of how to follow a bullish trend with the help of Fibonacci retracement levels.

Aleksin_Aleksandar Updated 

EURUSD has stabilized on the bullish side after returning above the EMA 50 moving average. This brought the pair back above 1.04000, and we are closer to the resistance zone at around 1.04500. If we see a break above, we could move back above 1.05500. Failure of EURUSD to hold above 1.04500 will trigger another pullback down towards the EMA 50.

Aleksin_Aleksandar Updated 

USDCHF made a significant break below the EMA 50 moving average. We can expect to see a further pullback to test the lower levels on the chart. We are close to moving below 0.92000, after which the next target is 0.90000.

Aleksin_Aleksandar

An excellent example of applying Fibonacci retracement levels in the calculation of where to expect the end of the pullback and the continuation of the trend. The oil price was very consistent and pullback resistance was stopped in the zone of the 61.8% Fibonacci level. Now we are waiting for the formation of a new bottom and a new pullback

Aleksin_Aleksandar Updated 

The EURUSD monthly chart is very predictable if we add Fibonacci. As we can see, the pullback stops at the 61.8% Fibonacci level. After that, the pair continued to fall and formed a new lower low. We expect that in the coming period, and the targets are 0.95000 and 0.90000 levels.

Aleksin_Aleksandar

Bitcoin has fallen below the daily EMA 20 moving average and is moving away from the previous high. $85000 is the next important support zone and if it doesn't hold, we can expect a drop down to $75000.

Aleksin_Aleksandar Updated 

The dollar is in a rush to return above 110.00 soon, while the picture suggests that it could continue to 115.00 during this year.

Aleksin_Aleksandar

EURUSD fell to a new January low. The pair did not last during this morning's Asian session, and we saw a continuation of the bearish trend. Now, we can pay attention to how the EURUSD will move around the 1.02000 level. Failure to move back above could push us down to 1.01500.

Aleksin_Aleksandar Updated 

Looking at WCUUSD, we can track the dollar index in another way. In essence, WCUUSD represents the dollar index, but the oscillations differ in some situations. Here we see that in August last year, we had a very unstable dollar behavior, which is not visible on the classic dollar index chart. Perhaps WCUUSD gives us a better insight into the potential trend of...

Aleksin_Aleksandar

EUR/USD is on its way to revisit the 1.03500 level, where we can expect the first resistance. If it breaks above this level, we will continue to the 1.04000 level.