liviu28

liviu28

Interesting H&S formation on EURUSD confirmed two days ago on the breakout of 1.1720 area. Even if the technical suggest a downside movement to 1.1350 area i advanced keeping shorts only if the price action is in your favor. I suspect that EURUSD will not fall to 1.1350, i think it will find support on the way to 1.1550 and bounce back to 1.1750. However i don't...

liviu28

Natural Gas is trading in 200 ticks range for almost 4 month between 2.880 and 3.080 with few attempts of brakeout. Looking at the triangle formed, i think we will find again support at this level and moving up to 3.080 area. Probably NG will keep trading in this range until we will have a clear picture about winter's weather.

liviu28

After testing below 1.1700 area for the second time it seams that EUR/USD found support around this level. For moment we don't have a clear pattern but i think it worth a try a long at this level targeting 1.1850, with a small stop loss below 1.1680.

liviu28

Oil is trading around 3 month low, close to the trend line started last year. Price was rejected twice from the 47.00 level and probably another rejection will bring WTI back to 50-51 area. Still we don't have all information for a reversal pattern, even if volumes are lower, showing that the sellers are exhausted, another down movement to 47 level can trigger...

liviu28

A new attempt failed last week for EURUSD to close below 1.0500 level, brought parity back to 1.0600 area, thus forming another reversal pattern, the third in recent weeks around this level. A downward movement below 1.0500, at the moment, in my view, is unlikely, even with FED decision to hick rates in March knocking at the door. A retest of 1.0800 area, from the...

liviu28

In the last couple of months, trading strategies based on RSI divergences on AUD/CAD worked pretty well, even if this is not a certainty for future movements, I think we could see some more selling interest if the market will push under parity.

liviu28

Paritatea GBPUSD este tranzactionata de cateva zile intr-o formatiune triunghiulara, in asteptarea unei decizii importante din partea Marii Bratanii cu privire la iesirea din Uniunea Europeana, decizie asteptata la inceputul lunii martie. Totusi din punct de vedere tehnic, nivelul de suport 1.2400 se contureaza a fi mai important decat rezistenta din zona...

liviu28

EURUSD was rejected aggressively from the 1.0520 support level (tested after very good retail sales and CPI numbers published for US economy). I expect more buying interest in the next couple of days and I advice looking for longs around 1.0600 area. Also, i think there are pretty good chances for positive numbers regarding unemployment and manufacturing on the...

liviu28

Interesting patter close to UK brexit on GBP/USD, market seams to be traded more on a bit tone, a brake above the triangle line can trigger more buying interest up to 1.2620 area and even 1.2830 level. But still it's important to wait for a confirmation on a brake-out before going long, which may happen early tomorrow.

liviu28 Updated 

EUR/USD was traded in last mouth in a small up trade from 1.0400 to 1,0800. We can see that market lost momentum around 1.0800 level and stats pushing back. Still we don't have enough signs for a down move development but i expect market soon to form a reversal pattern. Look for a close below 13 days MA or a fast rejection above 1.0820 level. The second scenario...

liviu28

NG is trading close to the trend support line and probably we will see more selling pressure trying to see some stop loss triggered under 3$, even if in this moment seller are in control, probably a brake below 3$ will be quickly covered. I expect buyers to be more active in the market close to 2.9000 level. I think NG can be in the fallowing days very good market...

liviu28

WTI was trading for the last couple of weeks in a small range forming an triangle pattern, even if we don't have enough evidence for a bearish movement, volumes being below average i think we see more and more selling interest close to the bottom of the range. Even if the price will go down, probably the price action will be quite choppy and i expect some bounce...

liviu28

EURUSD we saw after US NFP mixed interest, high volumes being traded at the support (1.0720) and resistance (1.0770) areas. On the other hand buyer seams to be more in control to mid to high area and a consolidation around 1.0750 level can bring EURUSD in the last part of the trading session close to daily high 1.0780.

liviu28

German Index corrected once again today showing a nice resistance area around 11700, the gap formed few days ago is looking more like an exhausted gap and also the divergence on the RSI index is pointing in the same direction - we can see a correction in the following days. Even if there are pretty nice signs that a correction will push the market back to the...

liviu28

WTI was traded in last couple of weeks in a small range after OPEC decided to reduce oil production. Volumes also decreased what shows that traders are more cautious in this period, Probably we will still have farther uncertainty in the near future and i advise taking small trades on the short term important levels until new trade will develop. Probably we will...

liviu28

Even if we see this candlestick pattern is a triangle or a bullish flag we can see further buying pressure in this area pushing the market to another old time high probably around 2350, i advice keeping long until that level or until the market close below 21 days MA.

liviu28

NG market moved up this week after a 7 days sell off which pushed the market to the 50% FIB LVL from the all up movement started in mid November and to the 100 days MA. The upward movement starts to loss momentum close to the 50% small FIB LVL on the down movement. Still we don't have any confirmation for a potential short, and i expect the market to test the...

liviu28

A lot of uncertainty on EUR/USD after US Friday's NFP, even if we had poor results on the labor market still USD got stronger after data publication showing that US market is still looking good for investors at this moment. I think EUR/USD will stay for awhile in the 1.0600/1.0400 range, trading more and more closer to the down side of the range.