Trading opportunities during the Asian session 30.10.2017

1. AUD/USD The pair is at key levels after the formation of a reversing triangle on the downward trend started in September 2014. Currently, the price retrace to levels of horizontal support, coinciding with 61.8% Fibonacci retracement, and goes back to the figure. The price is close to a short diagonal. We have a bullish […]

What to trade during the Asian session – 17.10.2017

EUR/NZD D1 The pair price is in a medium-term upward trend and after correction to horizontal, diagonal and dynamic support level 50SMA coinciding with 23.6% Fibonacci correction of upward movement. Price levels are key, and traders will track for a breakthrough or an appropriate Price Action signal for long positions. Taking into account the upward […]

USD/CAD signal for price decrease

Forex forecast / USD/CAD / Our expectations Middle-term and short-term down trend, lower tops and lower bottoms. The price corrected to level of diagonal and horizontal resistance, FiBo 61.8 and EMA 50. Price action signal: Pin bar at level of EMA 50 and FiBo 61.8. Technical indicator DeM(14) – Turning south from zone of overbought […]

GBP/CHF signal for decline

Forex forecast/ GBP/CHF / Our expectations Middle-term downtrend, lower tops. The price reached diagonal resistance, and made fake breakout afterwards pulled back below the resistance which indicates that the buyers are losing power. Also, the price fake broke FiBo 61.8 and pulled back below the level, which additionally supports the short. The price is moving […]

USD/JPY strong support zone, where to now ?

USD/JPY 09.08.2017 Our expectations: The price reached strong zone of support around 109.70-110.20. The middle-term movement is upward , higher bottoms, but break of the main support will trigger downward movement and strong sell off. Alternative scenario: IF the price fail to break the support, we may see test of the upper resistance around price […]

EUR/USD correction at 23.6% Fibonacci retracement level, а spinning top, possible decrease

EUR/USD: downward trend and medium-term consolidation Short term correction at 23.6 Fibo retracement level CCI(50) below -100, which means that any support level could be used as a sell level Price level below 5 EMA, moving average in a bearish formation A Spinning top- a bar that shows buyers’ indecision, possible sell Sentiment: FED’s current contractionary monetary policy will support the dollar in terms of the euro, because of the European Central Bank’s current alleviation Stefan D. Angelov – Head of Stocks Trading