fxspott

fxspott

Currently trading at an area of resistance @ 1745 Gold has to treat this area as support for it to be bullish if it breaks above 1750 and falls below it again then we expect the pair to fall back to 1730-1720 But if it manages to break above 1750 and treat it as support then this will create an opportunity for the pair to test $1800 again. Keep an eye on US10Y &...

fxspott

Currently @ 0.86862 The pair has been bullish and is showing no signs of being bearish any time soon We expect the pair to test resistance @ 0.87200 before retracing back to 0.86500 which was previous resistance & also 23.6% Fib. The pair might continue being bullish and break above resistance @ 0.87200 and test next resistance @ 0.88. According to the COT Report...

fxspott

Currently trading @ 1.37900 The pair is set to test 1.39 given that it breaks above resistance @ 1.38 If it fails to break this resistance again the pair might fall back to 1.37 Given GBP's weakness lately it might fail to break above this resistance Buy Entries are to be placed above resistance @ 1.38 & Sell entries below the trendline link to previous analysis below

fxspott

Here is an analysis on EUR/USD In our previous analysis the pair was trading @ 1.19130 We did note that if the pair breaks above resistance @ 1.19300 it might attempt to test 1.20, and this is what happened Currently trading @ 1.19750 Bearish Harmonic has extended to resistance @ 1.20 signaling possible reversal But as long as the DXY is bearish this might just...

fxspott

Currently trading @ 1.19130 The pair is struggling to break above 1.19250 which is now acting as minor resistance on the pair. Pair is still bullish as it is still trading within its ascending channel. If the pair breaks above 1.19300 then we would expect it to test next resistance @ 1.20 But if it fails to break above current resistance and breaks below its...

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Currently DXY is trading @ 92.138 In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement, However the pair has fallen below this & is currently @ 61.8% retracement DXY is currently trading near support @ 91.980 If it breaks below this support then we would expect it to fall to the next support @ 91.330 But if the pair...

fxspott

The EUR has been the best performing currency this week compared to the Dollar & the Pound In our previous analysis we did mention a possible reversal on the pair after a bullish harmonic had formed on the daily chart. The pair is currently @ 38.2% FIB Retracement level & @ an area of resistance. We expect the pair to try and break above this resistance & trade in...

fxspott

Here is our analysis on EUR/GBP Currently the pair is trading @ 0.85900 The pair has broken above resistance @ 0.85500 and might attempt to test next resistance @ 0.86500 Only if the pair manages to break above the current Descending channel. If not pair might fall back to the resistance @ 0.85500 Bearish Harmonic formation on 1H chart signaling reversal link...

fxspott

Here is an Idea on EUR/USD Bullish Harmonic on the 1D chart signaling possible reversal The pair will definitely touch 1.18 this coming week but the question is will it attempt to test 1.19 EUR was the weakest pair last week against the Dollar (USD) & the Pound (GBP) whilst both Dollar & Pound were bullish in the past week the EUR was bearish against both...

fxspott Updated 

Bear Flag pattern on 1H chart Will the pair respect this pattern? In our previous analysis we were long on the pair & expected it to reach 13300, however the bears were in charge and drove the pair to lows of 12800 Triggering our Sell Stop & hitting our TP @ 12900 WHAT TO EXPECT: Currently pair is facing some downward pressure thanks to a very bullish...

fxspott

Here is an analysis on LTC/USD Currently @ $175 We expect the pair to be bullish & test resistance @ $206 The pair is currently trading close to support level of $170 If the pair breaks below this support the it might test lower support @ $160 Bullish Harmonic on 4H chart signaling possible bullish trend OUR POSITIONS: Buy Stop @: $180 Buy Stop TP @:...

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Here is an analysis on BTC/USD RECAP: (Previous Analysis) In our previous analysis BTC/USD was trading at $56,830 We were bullish on the pair and expected it to test resistance @ $58,000 However the pair was limited to $57,200 before falling to lows of $51,000 Triggering our Sell Stop @ $55,000 & Hitting our TP @ $53,000 WHAT TO EXPECT: Currently @...

fxspott

Here is an analysis on GBP/AUD Currently @ 1.80100 Bearish Harmonic on the 4H chart suggests possible downtrend on the pair The pair has to break above resistance @ 1.81 to turn bullish We expect the pair to fall back to the 1.79 level and test support @ 1.79 OUR POSITIONS: Buy Stop @: 1.81200 Buy Stop TP @: 1.81700 Sell Stop @: 1.79900 Sell Stop TP @:...

fxspott

Here is an analysis on the EUR/GBP Currently @ 0.86258 Bearish Harmonic Pattern on the 4H chart suggests strong bearish movement on the pair We expect the pair to test support/resistance @ 0.85500 If the pair manages to break above resistance @ 0.86500 then we might see it test 0.87 OUR POSITIONS: Buy Stop @: 0.86700 Buy Stop TP @: 0.87 Sell Stop @: 0.86 Sell...

fxspott

Here is an analysis on US100 Currently @ 13100 We are bullish on the trade Though we expect the pair to touch support @ 13000 before it continues its upward trend If the pair breaks below support @ 13000 it might test next support @ 12800 & 12700 Keep an eye on US10Y & DXY as these influence the direction of US100 OUR POSITIONS: Buy Stop @: 13200 Buy Stop...

fxspott

Here is what to expect on BTC/USD Currently @ 56830 We are currently bullish on the pair BTC/USD is approaching previous support/resistance @ $58,000 If the pair manages to break above this resistance it will test next resistance @ $60,000 and break above it. If it fails to break above resistance @ $58,000 the pair might fall back to $53,000 OUR POSITIONS:...

fxspott

Here is an update on the EUR/USD RECAP: (Previous Analysis) In our previous analysis EUR/USD was trading @ 1.19150 We were bearish on the pair and expected the pair to test support @ 1.18600 And that's exactly what happened and the pair broke below the support We managed to bank 400 pips over 20 positions on this pair from our Sell Stop from our previous...

fxspott

Here is an update on the GBP/USD pair RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38400 We were bullish on the pair but cautioned that if the pair failed to break above minor resistance @ 1.38700 it will fall back to 1.37 and that's exactly what the pair did Our Sell Stop order was triggered & we managed to bank 400 pips over...