The price arrives on the SMMA 100 in Daily, the RSI is approaching an overbought zone in Daily, after a rise of 10% the price has reached a sell zone, we must not forget that despite the rise on some pairs we remain in a bearish trend , the price has consolidated a little last week, so an interesting movement could result this week, currently 62% of retails are...
In Daily the price is on several moving averages, in view of the moving averages touched the price has reached in my opinion the lowest possible in this uptrend, we are also on the 0.5 level of the Fibonacci, Fibo plot on a 60 day move, so not just any move, so the 0.5 level is pretty solid to consider as support and key level.
The pair in Daily started to show signs of bullish reversal with a break of the 0.88600 level and a small break at the 0.89600 level, in H4 we can see at the moving average levels that we clearly had a bullish reversal, the pair having had a strong bullish impulse after this reversal we expect a possible correction as currently around 0. 89100, moreover 93% of the...
- Technical: In a bullish trend, last week we could observe a correction following the price arriving at a resistance level, we have no sign of reversal so I think the price could continue to rise this week, here is the correction I expect. - Retail : A majority of the retails are sellers, (logical following the arrival of the price on a resistance level), which...
On the long term as long as we are not above the levels 1.15 and 1.18, there is no confirmation of a new upward trend.
At the end of August the EURCAD pair after a massive sell-off of the euro, the pair finally broke out of its bearish context and started to consolidate but nothing very concrete for the moment that could confirm us a new uptrend, a rather strong resistance prevents for the moment the price to start a new trend. Two weeks ago I had this scenario : EUR/CAD rebounds...
EURUSD broke important support at 2017 and last year's lows at 1.0348/39. For a further decline towards a long-standing target of 0.9900 over the next 2-4 weeks, though with a break expected here.
Record trade surplus and solid growth outlook reinforces the multi-month scope for A$revival. Near term though, the resilient US$ suggests risks as far as 0.6650.
As indicated in the title, we have been bullish on this pair for some time now, at the fundamental level we expected it to fall before considering another LONG position.
EUR/USD has extended its downtrend after breaking below the trend line drawn since 2000. This violation has led the pair towards the lows of 2016/2017 near 1.0340. It did witness an initial bounce in May and in the recent wave of decline as well, it has defended this support, forming a possible double bottom. The pattern points towards potential upside, although...
Continues to probe 87.00 area resistance. BoJ’s easy policy will cause yen underperformance for some time.
Both currencies are exposed to risk aversion but we look for SEK to outperform. NOK was unable to capitalize on a hawkish Norges Bank outcome but SEK might gain if Riksbank delivers another hawkish surprise.
We can see that since the end of March the AUDNZD pair has only gained value, it could be interesting to buy above the 1.10 level to go for the 1.11 level.
EURUSD which has been falling for several months now, the pair has reached a very low level which acts as a major support ( 1.04 ), if the USD ends up losing value, we can consider a rise of the pairs in XXX/USD, but for the moment with this setup we remain in a selling perspective
Still in a downtrend, I have two possible entries on the chart, one safe, the other a little more aggressive, I have a Sell Limit at 1.22800.
On this pair we are in a bearish trend, we expect the CHF to take value on the fundamental, interesting for us to continue to sell the pairs in XXX/CHF, I will look for a potential short position on my gray area at 1.19300 level
For the past 30 days the GOLD has been in a range, on the chart we can see a recent rise forming, new highs and lows higher and higher. We have seen a fall of almost 30% in the SPX500, the CHF which should also gain value as a safe haven we expect a new rise in the GOLD ( XAUUSD ).
Technical analysis, the 84.730 level is according to me one of the most interesting levels to go for a Long position if we combine: The current trend and the various zones which we have (S/R; S/D), to note that a fall of the pairs in XXX/JPY is always possible but before that to go for a last Long position can be very interesting