The charts refer to FXCM's USD index (USDOLLAR). On the left, the daily chart shows that the index tried to overcome its black 20-day SMA resistance but was unsuccessful (aqua ellipse). The SMA remains pointing down and the daily RSI is on the bearish side of 50. The right chart shows the hourly time frame. Here too, the RSI denotes an underlying bearish momentum...
The Breakout Opportunities system has just sold USDCHF at 0.97373. The system recommends entering this trade at any price between 0.97204 and 0.97481. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 2.14909, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour...
XAUUSD is in a symmetrical triangle. In stead of playing a breakout in either direction, we decided to play a possible reversal in the triangle as there's no signals for breakout in any time soon. 78.6% and 88% Fibonacci retracement are important triangle retracement levels that we used to identify the levels.
Thanks everyone for tuning in to today's analysis ....
XAUUSD is in a symmetrical triangle. In stead of playing a breakout in either direction, we decided to play a possible reversal in the triangle as there's no signals for breakout in any time soon. 78.6% and 88% Fibonacci retracement are important triangle retracement levels that we used to identify the levels.
Thanks everyone for tuning in to today's analysis ....
Price is testing resistance in line with our 78.6% fibonacci retracemenet and 78.6% fibonacci extension where we could see a reversal to our take profit level. Attached is the video analysis, do check that out as well and leave a comment on which currency pair you would like to see next. Cheers!
Price is testing resistance in line with our 78.6% fibonacci retracemenet and 78.6% fibonacci extension where we could see a reversal to our take profit level. Attached is the written version, do check that out as well and leave a comment on which currency pair you would like to see next. Cheers!
This is a chart shot of today's video on EURUSD
Today we will take a good look at EURUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the EURUSD!
Let me know your...
Today we will take a good look at EURUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the EURUSD!
Let me know your thoughts and what other pairs you'd like me to...
This chart shows the daily time frame of the EURUSD. We note that the green 5-day EMA has crossed below the orange 13-day EMA. This puts the EMAs into a bearish stack i.e. the green 5-day EMA is below the orange 13-day EMA, and the orange 13-day EMA is below the black 34-day EMA. If the EMAs develop angle and separation than price will be declining further. I.e....
The charts show FXCM's USD index: USDOLLAR. The left has the index challenging the black 20-day SMA. A cross above will be bullish and we will look to the RSI to confirm this by moving above 50. The right chart shows the hourly time frame. Here, the EMAs are in bullish mode (green ellipse) and the RSI is above 50, indicating strong positive momentum (green...
GBPUSD is approaching our key support level where the 61.8% fibonacci extension and 61.8% fibonaci retracemnet are in line with the graphical overlap support. We are expecting a quick bounce upon that level.
Thanks everyone for tuning in to today's analysis of GBPUSD. If any part of this video is unclear, please ask me for in the comment section below. If you...
GBPUSD is approaching our key support level where the 61.8% fibonacci extension and 61.8% fibonaci retracemnet are in line with the graphical overlap support. We are expecting a quick bounce upon that level.
Thanks everyone for tuning in to today's analysis of GBPUSD . If any part of this video is unclear, please ask me for in the comment section below. If you...
GBPUSD is pulling back to a key trendline and is likely to drop from there. Ichimoku is also showing strong bearishness ahead. We identified our entry by graphical and fibonacci levels.
Entry: 1.24883
SL: 1.2518
TP: 1.24048
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If...
GBPUSD is pulling back to a key trendline and is likely to drop from there. Ichimoku is also showing strong bearishness ahead. We identified our entry by graphical and fibonacci levels.
Entry: 1.24883
SL: 1.2518
TP: 1.24048
The Breakout Opportunities system has just sold EURUSD at 1.08227. The system recommends entering this trade at any price between 1.08026 and 1.0847. The signal was issued because the EURUSD has broken its 24-hour low while our Speculative Sentiment Index was at 1.22689, suggesting that the EURUSD may have further to fall. A stop loss has been set at the 24-hour...
Price is approaching our first support in line with our 78.6% fibonacci retracement , swing low support and ascending trend line where we could see a further push up to our first resistance level . A break above our intermediate resistance would see a further push up to our first resistance level . Please also refer to the video analysis below for a step-by-step...
Price is approaching our first support in line with our 78.6% fibonacci retracement, swing low support and ascending trend line where we could see a further push up to our first resistance level. A break above our intermediate resistance would see a further push up to our first resistance level. If you found today's video useful in any way, please "like" this...
Price is approaching our first resistance where we could be seeing a further drop to our first support level . Please see attached for the video analysis as well and leave a comment on which currencies you would like to see next.
