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EURGBP ---> #4Good day investors and colleagues traders! Your attention an analytical review: #EURGBP / EURGBP#4 • Theme : Bull make a deal, time to down? Technical analysis: H1 (Technical) -H4 (indicative). The currency pair has been in the global rising channel since April 30, 2020. This week, the currency pair formed a local upward channel, taking advantage of the rebound from the lower boundary of the global channel. Support and resistance levels for the current week: a) Support: 0.9000, 0.8990 and 0.8960; b) Resistance: 0.9090, 0.9140 and 0.9182; Indicative analysis provides the following information: 1. The currency pair is in the oversold zone on a 4-hour time frame. 2. The price behavior indicator demonstrates that, the price went beyond the adequate zone and returned in relation to the 4-day trend. Indicators show hints about a currency pair reversal. •Trading scenarios: --- Bullish script (Main). The currency pair is heading to the upper boundary of the global channel, which is located at 0.9180. The watershed is the support zone 0.9025-0.9010, in case the pair manages to stay higher, the bulls will attempt to grow. The risks of this scenario are the overbought currency pair and the absence of growth above 0.9085, and it is growth above that that will be the main driver for opening long positions. --- Bearish scenario (Secondary). As long as the currency pair is below 0.9085, bears can lower prices to the lower border of the local channel, and potentially to the lower border of the global channel. Global Variables: • Volatility: Weekly = 160 points // Monthly = 161 points // Quarterly = 180 points. (The inversion of volatility has disappeared); ATRs show a return to the zone of average, standard values. • Trends: SMA (50,100,200) continue to grow - from the beginning of the month. • Range Ratio: 160 points (Growth from 150 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
EURGBP --- > #4Good day investors and colleagues traders! Your attention an analytical review: #EURGBP / EURGBP#4 • Theme : Bull make a deal, time to down? •Technical analysis: H1 (Technical) -H4 (indicative). The currency pair has been in the global rising channel since April 30, 2020. This week, the currency pair formed a local upward channel, taking advantage of the rebound from the lower boundary of the global channel. Support and resistance levels for the current week: a) Support: 0.9000, 0.8990 and 0.8960; b) Resistance: 0.9090, 0.9140 and 0.9182; Indicative analysis provides the following information: 1. The currency pair is in the oversold zone on a 4-hour time frame. 2. The price behavior indicator demonstrates that, the price went beyond the adequate zone and returned in relation to the 4-day trend. Indicators show hints about a currency pair reversal. •Trading scenarios: --- Bullish script (Main). The currency pair is heading to the upper boundary of the global channel, which is located at 0.9180. The watershed is the support zone 0.9025-0.9010, in case the pair manages to stay higher, the bulls will attempt to grow. The risks of this scenario are the overbought currency pair and the absence of growth above 0.9085, and it is growth above that that will be the main driver for opening long positions. --- Bearish scenario (Secondary). As long as the currency pair is below 0.9085, bears can lower prices to the lower border of the local channel, and potentially to the lower border of the global channel. Global Variables: • Volatility: Weekly = 160 points // Monthly = 161 points // Quarterly = 180 points. (The inversion of volatility has disappeared); ATRs show a return to the zone of average, standard values. • Trends: SMA (50,100,200) continue to grow - from the beginning of the month. • Range Ratio: 160 points (Growth from 150 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
It it End of BITCOIN Uptrend?Hello Guys! You can observe a trend slowdown on the BTCUSDT pair and a decrease in volatility in the triangle, which is shown in the first 4H chart. The breaking of the triangle is expected until June 30. We are inclined to short-term correction of the uptrend to the area of Fibonacci levels of 0.5 - 0.618, which are in the price range of $7000-8000. It makes sense to open long positions after correction, or in case of breaking through and fixing the price above the level of $10300. Stay tuned and keep your risks under control! Best Regards FOBS Team
Short
by FOBS-Fund
4
EURUSD ---> #3Good day, dear investors and colleagues traders! Your attention an analytical review: #EURUSD / # EURUSD3 • Theme : Trend Change - Time to Sell. Technical analysis: H1 (Technical) -H4 (indicative). The euro changed the bullish trend, as attempts of 1.1400 were unsuccessful, and the local uptrend did not keep the pair at 1.1310. At the moment, the pair is in the narrow downward channel and in the global downward channel. Indicative analysis provides the following information: 1. The currency pair is in the neutral zone in terms of overbought / oversold. 2. The price behavior indicator demonstrates that, the price has returned to an adequate zone, in relation to the 4-day trend. Most Probable Scenarios (Week-2): I. (Bullish, you need a change in technical conditions). To implement the short-term bullish scenario, the currency pair needs to gain a foothold above 1.1280, this will allow to count on growth to 1.1350-1.1380 and only in case of steady growth above, you can count on movement to 1.1420, 1.15 and possibly to 1.1580. II. (Bearish, the most likely scenario). Zone 1.1260-1.1280 is important from the point of view of the bearish picture, if bull attempts are limited here, the downward trend will continue and the next target will be zone 1.12-1.1190, followed by 1.1140. Global Variables: • Volatility: Weekly = 101 points // Monthly = 93 points // Quarterly = 82 points. (Volatility inversion continues); • Trends: SMA (50,100,200) began their growth - from the beginning of the month. • Range Ratio: 210 points (Decrease from 282 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
EURGBP ---> #3Good day, dear investors and colleagues traders! Your attention an analytical review: #EURGBP / # EURGBP3 • Theme : The bearish picture didn’t work, the euro tries the bullish scenario. Technical analysis: H1 (Technical) -H4 (indicative). The currency pair continues to be in the global upward channel and the local upward channel. The main resistance zones are 0.9000, 0.9030 and 0.9050. Support zones are 0.8940-0.8920. Indicative analysis provides the following information: 1. The currency pair is in the neutral zone in terms of overbought / oversold. 2. The indicator of price behavior showed a sell signal, the price returned to an adequate zone, in relation to the 4-day trend. The most probable_scripts (Week-2): At the moment, there are several main scenarios in the pair: I. (Bullish, most likely now). If the local channel is kept up, the currency pair will be able to develop movement with targets at 0.9030 and 0.9050, potentially up to 0.9100. II. (Bearish, technical change needed). In case of leaving below the local channel up. The euro will test 0.8940-0.8920, potentially the currency pair may drop to 0.8886. III. (A likely scenario, in cases of lack of volatility in the markets). The pair can be clamped in the trading range: 0.9000-0.8867. Global Variables: • Volatility: Weekly = 70 points // Monthly = 78 points // Quarterly = 78 points. (The inversion of volatility is over); • Trends: SMA (50,100) began their growth - last week. SMA (200) continues to decline. • Range Ratio: 150 points (Reduction from 161 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
EURUSD---> #2Greetings to you, our followers! Your attention an analytical review. • Topic of the article: A sword of Damocles hung over the dollar in the form of a Fed meeting next week. Comments last week: The currency pair felt great this week, continuing the global uptrend. Even when the ECB (#Ecb), announced an increase in its quantitative easing program (#QE) by 600 billion euros. And the result of this uncontrollable growth was testing multi-month highs at 1.1384. The only unpleasant event for the single European currency was the US macroeconomic statistics block, which came out much better than forecast estimates. "The upcoming Fed meeting will shed a lot of light on the current market uncertainty. Bidders want to understand a few things for themselves: 1. Does the Fed pay attention to the weakness of the dollar and does it bother them? 2. Will the new economic stimulus program be a plus to existing ones? 3. The current value of the stock market is effective or not and is there any reason to be afraid of bubble formation? 4. How long will QE programs last, given the latest, very positive labor market data? 5. Could a number of factors (the weakness of the dollar, rising oil prices, real wage growth in the United States) predict inflation? 6. The possibility of negative rates? 7. The current riot situation is like a tropical hurricane, does the Fed take them into account? " Sergey Vokinlem Managing WMCI Asset Management Fund The results of the week: A decrease of 82 points. Technical analysis: H1 (Technical) -H4 (indicative). At the moment, the currency pair continues to be in a global uptrend, the resistance zone for it is the level at 1.1364 there is a local resistance zone, and 1.1280 is the local support of the pair. The local trend has slightly changed its angle of inclination and this may hint to us the necessary correction in the currency pair. Indicative analysis provides the following information: 1. The currency pair left the zone of potential sales, however, this does not mean that it is necessary to open sales, the indicator often left this zone and went back. 2. The indicator of price behavior showed a sell signal, the price is in an adequate zone, relative to the 4-day trend. The most probable scripts (Week-2): At the moment, there are several main scenarios in the pair: I. If the global uptrend is maintained in integrity, we will again see an attempt to break the downtrend (see global analysis in vk and facebook), it is located near the local resistance zone at 1.1360-1.1390. In the case of overcoming this resistance, we expect growth higher, a return to it (retest) and continued growth to levels 1.1400, 1.1500. I.II. The couple may try to test the zone unsuccessfully, in which case bears are activated from it, which have long been trying to overcome the bulls. II. A currency pair will show weakness and close below the global trend, and in this case, the next target for the currency pair will be the lower boundary of the local trend. If she cannot keep the pair, then the decline will continue to 1.1240 and possibly 1.1150. Global Scenario (Month): Globally - the currency pair is in the downward channel if we consider the time frames D1-W1. At the moment, we are just at the upper boundary. Based on this, there are only 3 scenarios of behavior: 1. The zone remains unbreakable for the euro and we are declining to the levels indicated above. 2. The zone breaks through, but the breakdown is false - in this case, we again get a downward movement. 3. The zone breaks above the necessary values, the price retests and goes up to 1.14-1.15 and possibly to 1.18. Global Variables: • Volatility: Weekly = 93 points // Monthly = 90 points // Quarterly = 80 points. (Volatility inversion continues); • Trends: All SMA (50,100,200) began their growth - last week. • Range Ratio: 284 points (Growth from 243 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
by WockBruder
EURGBP ---> #2Greetings to you, our followers! Your attention an analytical review. • Topic of the article: The global picture has already become negative, the local one still remains positive. Comments last week: Correct the currency pair from the upper boundary of the global rising channel. Despite the surge in interest in the euro after the meeting of the #ECB (#Ecb), the currency pair was not able to rise above the weekly maximum. The strength of the pound is currently determined by the change of comments from the governors of the Bank of England (#Boe). Quite recently, bidders tuned in to negative interest rates. And already this week, traders received information from the Bank of England Executive Director for Markets that this measure will not be applied in the near future. "The general weakness of the US dollar and positive comments made market participants ignore the negativity around the divorce process in Britain and the EU, and everything is not as smooth as we would like to extend this process, at least no one is ready yet." Sergey Vokinlem Managing WMCI Asset Management Fund The results of the week: A decrease of 82 points. Technical analysis: H1 (Technical) -H4 (indicative). At the moment, the currency pair is in a narrowing triangle, the lower High-level clearly outlined the local trend of decline, which acts as a resistance line. The support level is the lower boundary of the global uptrend. Indicative analysis provides the following information: 1. Overbought / oversold indicator indicates a weighted average position, thereby speaking about neutrality. 2. The price behavior indicator also demonstrates that the price is in an adequate zone with respect to the 4-day trend. The most probable scripts (Week-2): At the moment, there are several main scenarios in the pair: I. As long as the currency pair is above the lower border of the global upward channel, we can expect from the pair “2nd bottom” to develop with an initial target of 0.8960 and in case a local downtrend is broken - 0.9053. In the case of the development of such a scenario, in the medium term, we can expect to again test the currency pair the upper boundary of the ascending global channel - 0.9150. I.I. A currency pair may try to develop an upward movement to local resistance, however, it can be returned from this zone to the lower border of the ascending channel and further below this support. II. If the pair consolidates below the global rising channel, the primary goal of this movement will be 0.8850-0.8830, after which the pair will retest the lower border and continue to decline to 0.8800, in which case 0.8700 may be a long-term target. Global Scenario (Month): The currency pair on the daily chart formed a downward channel, if it is preserved and the pair is unable to gain a foothold above 0.9050, it opens a bearish development scenario with a maximum target of 0.9300. If the euro manages to gain a foothold above 0.9050, this will signal a potential growth to 0.9140, 0.9280 and possibly to the maximum of this year - 0.9480. Global Variables: • Volatility: Weekly = 76 points // Monthly = 81 points // Quarterly = 79 points. (Volatility inversion continues); • Trends: The 55-day SMA continued to decline started the year before last. 100 - day SMA still continues to grow; The 200-day SMA continues to decline in late March; • Range Ratio: 161 points (Decrease from 172 points). Best regards to followers, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
1
GBPJPY ---> Change Trend (GBPJPY#1):Good afternoon, dear reader! We offer you a technical analysis of the currency pair: #GBPJPY Comments last week: The currency pair was not willing to grow all last trading week, the bullish potential was limited by the resistance zone 133.15-133.00. And only at the beginning of the current trading week, the bulls were able to fix prices above the necessary resistance. Having formed a global rising channel, the currency pair continued to grow beyond its borders. "Current investor enthusiasm is a bit inconsistent in the face of potential negative rates, a triple deficit, and disagreement over Brexit." Managing WMCI Asset Management Sergey Vokinlem. Technical analysis: H1 (Technical) -H4 (indicative). The pound formed a local upward channel this week, the resistance for the currency pair is at around 137.60. But even on the approach to the 137th figure, we feel the resistance of the sellers, so if the pair cannot pass 137-137.60, we will get a reversal. Indicative analysis provides the following information: 1. There is oversold currency on a 4-hour time frame, on older time frames as well (located in a potential sales area). 2. The price behavior indicator shows that the price is in an excess zone with respect to the 4-day trend, as soon as the pair exits from it, you can try new sales. Global variables: • Volatility: Weekly = 147 points // Monthly = 154 points // Quarterly = 151 points. • Trends: 55 - day SMA continued to grow; 100 - day SMA continues to decline; 200 - day SMA started to grow; • Range Ratio: 260 points (Drop from 317 points). - Maximum amplitude per week. Recommendations: Buying at current prices is extremely risky, so at the moment it is necessary to consider sales, but only if there is consolidation and we exit the local uptrend. Best Regards, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
EURJPY ---> The high is near (EURJPY#1):Good afternoon, dear reader! We offer you a technical analysis of the currency pair: #EURJPY Comments last week: The currency pair moved in the forwarder of its Major-pair. This allowed her to bypass all potential resistance zones. However, at the time of writing, we get an extremely complicated picture, in which prices have already risen too much without correction, which was already in the current year - then this caused a reversal of the pair. Technical analysis: H1 (Technical) -H4 (indicative). The currency pair has gone beyond the boundaries of both local and global trends. Moreover, the currency pair passed resistance at 121.00, and after fixing, growth continued. At the moment, the pair is rebuilding its dynamics, this is also characteristic of the Major-pair, which in turn tells us about the end of the trend. In the absence of force majeure, we will receive the long-awaited correction. Indicative analysis provides the following information: 1. There is oversold currency on a 4-hour time frame, on older time frames as well (located in a potential sales area). 2. The price behavior indicator shows that the price is in an excess zone with respect to the 4-day trend, as soon as the pair exits from it, you can try new sales. Global variables: • Volatility: Weekly = 102 points // Monthly = 104 points // Quarterly = 97 points. • Trends: 55 - day SMA continued to grow; 100 - day SMA continues to decline; 200 - day SMA started to grow; • Range Ratio: 268 points (Drop from 283 points). - Maximum amplitude per week. Recommendations: To expect the formation of a reversal on the hourly time frame, the best signal to enter the sale will be the return of the currency pair to the global upward channel. Best regards, "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
GBPUSD --- > An important resistance zone lies ahead!Good afternoon, dear reader! We offer you a technical analysis of the currency pair: #GBPUSD Comments last week: The currency pair took advantage of all the fruits of the weakening dollar last week, moreover, this week, the currency pair continued to grow. The general weakness of the dollar makes it possible for the pair to test the global resistance line of April 14 of this year. The area of this line is located at 1.2560. The results of the week: An increase of 182 points. Results of the past month: Fall by 265 points. Technical analysis: H1 (Technical) -H4 (indicative). The currency pair has long met resistance at 1.2370-1.2350, after this local resistance has been passed, the pair rushed to the upper border of the trading range. However, the upper border did not restrain her, and at the moment, she acts as a support line. Indicative analysis provides the following information: 1. There is oversold currency on a 4-hour time frame (located in a potential sales area). 2. The price behavior indicator shows that the price is in an excess zone with respect to the 4-day trend, as soon as the pair exits from it, you can try new sales. Global variables: • Volatility: Weekly = 121 points // Monthly = 134 points // Quarterly = 130 points. • Trends: 55 - day SMA started to grow; 100 - day SMA continues to decline; 200 - day SMA continues to grow; • Range Ratio: 186 points (Growth from 62 points). Recommendations: Until the pair breaks the upward local uptrend, it can be carefully bought until the resistance described above. However, these purchases should have a limited stop-loss, since, in the very near future, consolidation may begin, after which the pair should change the trend. Best regards! "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
EURUSD --- > Growth is over, the bulls are overdoing it!Good afternoon, dear reader! We offer you a technical analysis of the currency pair: #EURUSD Comments last week: The currency pair was in great demand last week among investors, as macroeconomic statistics and news reports were as positive as possible. She continued to be in the global trend, which is marked in blue and even has already gone beyond its scope, which may prompt bidders about higher volatility in the near future. As a result of the week, the currency pair grew by 205 points. According to the results of the past month, the currency pair increased by 163 points. Technical analysis: H1 (Technical) -H4 (indicative). Today, the pair is in all possible ascending channels, from mini-time frames to global ones. Indicative analysis provides the following information: 1. There is oversold currency on 1-hour and 4-hour time frames (located in the zone of potential sales). 2. The price behavior indicator shows that the price is in an excess zone with respect to its average 4-day trend (located in the zone of potential sales). Global variables: • Volatility: Weekly = 77 points // Monthly = 88 points // Quarterly = 79 points. • Trends: 55 - day SMA continues to decline; 100 - day SMA continues to decline; 200 - day SMA continues to decline; • Range Ratio: 275 points (Growth from 207 points). Possible scenarios: a) The most possible scenario of the dynamics for the current week is the correction of the currency pair to the lower boundaries of the local up-trend. - For this scenario, consolidation below 1.1141 is required. In this case, the first target will be the lower boundary of the Low-Time Up-Trend, in case of breakdown, an important level will be 1.1000. On this indicator, we offer market participants to take a break. b) Meanwhile, it would be a mistake to discard the option of currency pair growth to interrupt all mathematical indicators. - In case the day consolidates above 1.1141 - we can see an increase to 1.1173 and possibly to 1.1300. Recommendations: - Until the pair closed the day above 1.1141 sell from levels close to it. - In case the currency pair closes above 1.1141, buy with stops 1.1080. - Naturally, in the event of a false breakdown, it will be necessary to reverse the position. Best regards! "Wermelgion & Partners" !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
EURGBP ---> X-Week:Good day, dear investors and colleagues traders! Comments last week: Over the past 4 weeks, a clear trend has been observed in the euro / pound, during this time the currency pair has passed 245 points, but last week we did not see the strength of the bulls. The currency pair corrected to 0.8800, where the local trend remained and from there it was able to develop an upward movement to 0.9050. But the very structure of this growth and the activation of bears at 0.9050 suggests that at least the currency pair needs to lose some buyers and get closer to the lower boundary of the local trend. And as a maximum, the couple will probably draw a classic figure - “head and shoulders”. In this case, we will need to monitor the lower boundary of the global trend, because otherwise, we can end the trend up. The result of the past week: an increase of 32 points. The result of the past month: an increase of 2 Technical analysis: H1 (Technical) -H4 (indicative). In our profile on Tradingview, we provide 3 options for the development of events for the current week: 1. The currency pair will continue to feel support at the level of 0.8980-0.8960, in which case the pair may rise to 0.9110 2. The currency pair will conduct consolidation in the same zone, however, the impulse growth that begins behind it will attract the attention of investors and in this case the currency pair will show us the classic "Head and Shoulders" figure. 3. The currency pair will continue to decline to the lower boundary of the local trend. Which is located at 0.8960, this decline will be restrained at this border and it will be able to develop potential to 0.9130 4. This scenario assumes that the currency pair continues to move to the lower boundary of the upward global trend. Indicative analysis provides the following information: 1. Lack of oversold currency on 1-hour and 4-hour time frames (located in the neutral zone). 2. The price behavior indicator shows that the price has normalized with respect to its average 4-day trend (neutral zone). Global variables: • Volatility: Weekly = 61 points // Monthly = 79 points // Quarterly = 78 points. • Trends: 55 - day SMA began to decline; 100 - day SMA continues to grow; 200 - day SMA began to decline; • Range Ratio: 175 points (rise from 105 points). Recommendations: Use channel boundaries as potential entry points. Regards to subscribers, Wermelgion & Partners
by WockBruder
1
Pound - structural problems on the face:Good day, dear reader! The currency pair was able to take advantage of oversold, which would recover slightly from the pressure of sellers. Despite the fact that the currency pair overcame important resistance at 1.2250, it did not last long to keep above, and bull attempts were limited to 1.2300, after which active sales began. The movement structure demonstrates that the currency pair begins to decline along a similar trajectory of the past downtrend. The result of the week: An increase of 0.53% or +65 points. Technical analysis: H1 (Technical) -H4 (indicative) The pound continues to be in a global downtrend and locally the pair is also showing a downward trend. The pair clearly senses the upper boundary of the trend. Now it has formed some stable zone at the level of 1.2160, from where the currency pair can again try the upper limit for strength. = ≥ Conclusion: A breakthrough of this line will direct the pair to 1.2100 and in case of breaking it up to 1.2000. If the trajectory of movement remains the target for this movement - 1.1925. Indicative analysis provides the following information: Lack of oversold assets on 1-hour and 4-hour time frames (located in the neutral zone). 2. The price behavior indicator shows that the price has normalized with respect to its average 4-day trend (neutral zone). => The most likely scenario for a currency pair is movement to 1.2100 - 1.2000. However, if the currency pair still manages to gain a foothold above 1.2250, the currency pair will be able to grow to 1.2350. Global Variables: • Volatility: Weekly = 103 points // Monthly = 136 points // Quarterly = 130 points. • Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day. • Range Ratio: 223 points (Growth from 367 points). Recommendations: We recommend sales this week, with a local stop at 1.2250. Sales are interesting in the breakdown of the support zone 1.2160, or from the zone 1.2180-1.2190. Regards to subscribers, Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 14.43% for May; Profitability of HMS Royal Oak + 14.53% for May; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Short
by WockBruder
EURUSD - buy on rumors, sell on facts:Good afternoon, dear reader! Commentary on the current situation: The currency pair was in great demand over the past trading week, taking interest in the proposals of France and Germany on a stabilization fund of 500 billion euros and possibly on the introduction of coronabond. Investors evaluate this sign as a step towards the fiscal union - the European Confederation. It is these rumors, the upcoming meeting of the Eurogroup, more positive macroeconomic data compared with the United States, huge liquidity from the Federal Reserve. The reasons for the euro's growth are one on one. We recommended for the purchase of euros last week. Results of the week: An increase of 0.77% or +83 points. Technical analysis: H1 (Technical) -H4 (indicative) The chart has formed a new trend up, which has a higher slope, and holding above 1.0880 allows you to judge higher goals. Euro has a global uptrend (blue). An important resistance for the euro is the psychological mark of 1.1000 and the inability of the pair to overcome it for the third time can lead to a serious correction. = ≥ The conclusion from the technical analysis is that as long as the pair continues to hold above 1.0880, the euro will be able to attempt growth to 1.1000-1.1050. If the currency pair closes below 1.0880, the next target will be 1.0860. However, if this mark is overcome, the euro will go down to 1.0800. Indicative analysis provides the following information: Lack of oversold assets on 1-hour and 4-hour time frames (located in the neutral zone). 2. The price behavior indicator shows that the price has normalized with respect to its average 4-day trend (neutral zone). ! Attention, indicator data on the hourly chart show reversal patterns. Price behavior scenarios: A) The most probable, we consider the pair to rise to 1.1000, and if it consolidates above, to 1.1050. B) An alternative scenario - the currency pair will begin consolidation and close below 1.0880, in this case, the trend will change and we will see a correction to 1.0860, 1.0800. Global Variables: On the global chart, it is clearly seen how the euro / dollar overcame the downtrend of March 30 and is now retesting this trend. • Volatility (ATR): Weekly = 77 points // Monthly = 90 points // Quarterly = 79 points. • Trends (SMA): Continuation of the downtrend, 55 - day average is below 100 - day, and 100 - day in turn is below 200 - day. • Range Ratio: 204 points (Growth from 118 points). Recommendations: We recommend purchases with a short stop at 1.0860, however, the position will be fixed if the up-trend is completed. Regards to subscribers, Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 14.43% for May; Profitability of HMS Royal Oak + 14.53% for May; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
EURGBP ---> Trend is rebuild, but still up:Good day, dear reader! Commentary on the current situation: The currency pair felt a surge of interest in the euro and the structural weakness of the pound. However, we believe that this difference in investor preferences will be more pronounced next week. After the past week, the currency pair has not changed much since both the pound and the euro were greatly resold. Both currencies had to make a correction, which we warned our readers about earlier. However, the pairs formed rather mixed patterns, the euro shows bullish - trend, pound - bearish. Results of the past week: an increase of 23 points or 0.23%. Technical analysis: H1 (Technical) -H4 (indicative) We see the formation of a new uptrend, which has a smaller growth angle, but this can change, as the lower border constantly attracts buyers. The pair’s attempt to break through the resistance at 0.8991 was unsuccessful, but analyzing all the time frames, we can say that the price will try to get to this mark again. = ≥ The conclusion from the technical analysis is that while the pair is above the level of 0.8900, the bullish trend continues. Indicative analysis provides the following information: Lack of oversold assets on 1-hour and 4-hour time frames (located in the neutral zone). The price behavior indicator demonstrates that the price has returned to normal in relation to its average 4-day trend (neutral zone). Price behavior scenarios: A) The most likely, we consider the pair to rise to 0.9000, and if it consolidates above, to 0.9089. B) An alternative scenario - the currency pair will begin consolidation and close below 0.8900, in this case, the trend will change and we will see a correction to 0.8870, 0.8850. Global Variables: • Volatility (ATR): Weekly = 65 points // Monthly = 83 points // Quarterly = 80 points. • Trends (SMA): Continuation of the uptrend, 55 - day average is below 100 - day, and 100 - day, in turn, rises above 200 - day. • Range Ratio: 108 points (Drop from 236 points). Recommendations: We recommend purchases with a short stop at 0.8908, however, the position will be fixed if the up-trend is completed. More details on our facebook. Regards to subscribers, Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 14.43% for May; Profitability of HMS Royal Oak + 14.53% for May; ! Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
The triangle is broken - we retest and go to 117.77:Good afternoon, dear readers! Last week comment: The asset formed a triangle, the breakdown of which occurred this week. Given how quickly it happened, we can say that the currency pair is likely to demonstrate a return to it. Only after that, she will be able to continue her growth to 117.77 - the previous high - level. The results of the week: an increase of 0.27% or +31 points. H1 (Technical) -H4 (indicative) The currency pair will be able to continue to develop its trend up after some correction, as the hourly charts look oversold. Most likely the pair overcame the downward pressure and in the near future we should see new high levels. Indicative analysis provides the following information: The asset approaches a potential sales area; The price behavior indicator shows that the price has approached the boundaries of normal behavior. => The most likely scenario, excluding force majeure, involves the correction of a currency pair: A) The pair will continue to grow after correction to the channel breakdown zone. Global Variables: • Volatility: Weekly = 89 points // Monthly = 106 points // Quarterly = 97 points. • Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day. • Range Ratio: 154 points (Drop from 336 points). Recommendations: We recommend purchases in this currency pair. At the same time, you can use 2 shopping options: Wait for the pair to adjust to the breakdown level and buy at this level. Open now ½ of the standard lot, and in case the price reaches the retest, open another ½ of the standard lot. Fixing positions should be on the last high - level 117.77. Feet at the bottom of the triangle. With best regards! Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 10.93% for May; Profitability of HMS Royal Oak + 14.53% for May; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
1
Pound - the time for correction has come:Good afternoon, dear reader! Last week comment: The pound was down all trading week. This negative was associated with difficult negotiations on the transition period, unfavorable macro statistics, as well as the comments of one of the members of the Bank of England that, if necessary, the regulator is ready to accept negative interest rates and increase the QE program. The results of the week: A decrease of 2.47% or -306 points. Technical analysis: H1 (Technical) -H4 (indicative) Despite the fact that the asset is located in 2 downstream channels - global and local, our analysts believe that the currency pair quite easily passed the important support zone 1.2250 and the couple will try to retest. Hence, seller pressure is likely to continue the bearish trend. But at the moment, further movement seems excessive and even unjustified, in the light of future macro-economic data. Indicative analysis provides the following information: High overselling of the asset on 1-hour and 4-hour time frames (the Asset is located in the potential purchase area). The price behavior indicator shows that the bears are overdoing and further movement seems unjustified. => The most likely scenario, excluding force majeure, involves the correction of a currency pair: a) Correction may be limited to the zone - 1.2190; b) If the zone - 1.2190 can not restrain profit taking, then the next zone will be - 1.2250; c) If the output data is much worse than forecasts, we will continue the downward movement to 1.2000. Global Variables: • Volatility: Weekly = 113 points // Monthly = 142 points // Quarterly = 131 points. • Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day. • Range Ratio: 364 points (Growth from 202 points). Recommendations: We recommend neat purchases this week, with a local stop at 1.2070-1.2050 But as soon as the price reaches the necessary levels, we will strive to open short positions. Regards to subscribers, Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 10.93% for May; Profitability of HMS Royal Oak + 14.53% for May; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
EURUSD - Up trend:Good afternoon, dear reader! Last week comment: The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week. The results of the week: A decrease of -0.1% or -11 points. Last week comment: The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week. The results of the week: A decrease of -0.1% or -11 points. Technical analysis: The asset is located in 3 upward channels: global, local and trend up on mini-timeframes. At the same time, a resistance line is clearly drawn, passing from the past high level to the weekly high level. We believe that while the euro closes the day above 1.08, the bulls have every chance to test the marks at 1.09-1.10. Indicative analysis provides the following information: It is completely neutral in nature and does not imply any signals. => In the event that 1.08 continues to form support for the currency pair, we can talk about an up-trend, with the goals described above. Global Variables: • Volatility: Weekly = 74 points // Monthly = 91 points // Quarterly = 90 points. • Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day. • Range Ratio: 122 points (drop from 250 points). Recommendations: We recommend buying at current prices, when opening without a gap, buying at opening prices with a stop, in case the day is fixed below 1.08. Regards to subscribers, Wermelgion & Partners Invest. Profitability of WMCI Asset Management Fund + 10.93% for May; Profitability of HMS Royal Oak + 14.53% for May; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Long
by WockBruder
EURGBP - Global Double Bottom:Good afternoon, dear reader! Comment for last week: The currency pair demonstrates the "classics of the genre" and we observe the figure of trading - "Double bottom". The asset did not grow badly last week, taking advantage of the weakness of the UK economy and the persistent stance of the government of Boris Johnson to not extend the transition period. Bottom line: an increase of 2.35% or 205 points. Technical analysis: H1 (Technical) -H4 (indicative) The currency pair broke through the resistance zone located at 0.8812, after which it used it as support. At these levels, we got a fairly tight range, in which sellers accumulated at 0.8870, but she fell victim to the bulls. Indicative analysis provides the following information: High overbought on 1-hour and 4-hour time frames (Asset is located in a potential sales area). The price behavior indicator shows that the bulls are overdoing and further movement looks excessive. => The most likely scenario, excluding force majeure, involves the correction of a currency pair: a) Correction may be limited to the zone - 0.8867; b) If the zone - 0.8867 can not restrain profit taking, then the next zone will be - 0.8812; c) For a certain period of time, the asset may continue to grow to 0.8991 (38.2% - Fibonacci level), but its further movement seems limited; Global Variables: • Volatility: Weekly = 76 points // Monthly = 88 points // Quarterly = 81 points. • Trends: The beginning of the uptrend, the 55 - day average is above 100 - day and 200 - day. • Range Ratio: 232 points (increase from 126 points). Recommendations: We recommend accurate sales this week, however, to open positions you need to see consolidation. However, sellers' attention should be focused on the support levels that are presented above. But as soon as the price reaches the necessary levels, we will strive to open long positions. Regards to subscribers, Wermelgion & Partners Invest. More information and graphs on our facebook. • Profitability of WMCI Asset Management Fund for May + 10.93%; • Yield of HMS Royal Oak for May + 14.53%; !Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks. Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
by WockBruder
1