USD/CAD: Possible new upward movement

USD/CAD: Upward trend on 4 hour graph and short term correction Fibo correction to levels around 61.8%- support level Price action: engulfing bar at 4 hour graph- signal for long We wait for some pips in order to get a better position around 1.3048 CCI (50) passed above 100- signal for possible upward movement DeM […]

El-Erian: Sterling may hit dollar parity without a good Brexit plan

Sterling may plummet to parity with the U.S. dollar if U.K. politicians do not secure a Brexit deal with the European Union (EU) that includes a free-trade agreement, Allianz’s chief economic advisor has told CNBC. “Parity is not the base case but, rather a risk scenario. Specifically, sterling could head more towards parity if politicians […]

CFTC’s speculative net positions from 05.03

The Commodity Futures Trading Commission’s (CFTC) provides a breakdown of the net positions for speculative traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use […]

USD/CAD, serious resistance levels

USD / CAD: H4 Trend descending. Price below 23.6% Fibonacci. Serious resistance levels. Lasting negative tendency. indicators: DeMarker, above 0.7, rotating in downwards gives confirmation signal for short. Price above 50SMA Testing 200SMA SL: 1.305 Alternative scenarios: A breakthrough of 23.6% Fibonacci, can lead to a bigger correction. Jr.Trader-G.Bozhidarov

CFTC’s speculative net positions from 26.04

The Commodity Futures Trading Commission’s (CFTC) provides a breakdown of the net positions for speculative traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use […]

GBP/JPY strong levels of resistance

GBP/JPY : H4 Descending trend Correction to FiBo level 23.6 % Price at levels of resistance Strong negative tendency Indicators : CCI(50) over 100 RSI(14) over 50 SL : 158.4 Alternative scenario : If the price go over diagonal resistance , may lead to larger correction Jr_Trader_G_Bozhidarov

EUR / AUD: attention, possible short

EUR / USD: 4H chart trend is bearish. Pierce of the former horizontal support, current resistance. Testing the diagonal support, pierce will give confirmation to open a position in the south. Negative price formation Indicators: CCI (50) less than -100 – strongly negative sentiment. RSI below 50. Price below 50SMA. Price below 200SMA. SL: 1.464 […]

CFTC’s speculative net positions from 12.04

The Commodity Futures Trading Commission’s (CFTC) provides a breakdown of the net positions for speculative traders in U.S. futures markets. All data corresponds to positions held by participants primarily based in Chicago and New York futures markets. The Commitments of Traders report is considered an indicator for analyzing market sentiment and many speculative traders use […]

GBP/USD : Formation : triangle

GBP/USD Technical analysis – time frame H4 The price is forming formation “triangle” Technical indicators : The price stopped at FiBo 50 % of the last short movement ,as well as diagonal support ( current resistance ). The price is below 50 SMA and 100 SMA Entry : 1.42 SL: 1.4341 Alternative scenario : If […]