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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
Pound — the rebound follows the rebound:Good day, dear investors and colleagues traders! The currency pair continues to decline for the second week in a row. The trend, which was started after reaching a lower local maximum at 1.2641, found some resistance in the 1.2420 zone. This week, the currency pair forms an upward channel after the fall, however, in contrast to the last time, in this case, there are no indicator data and volatility growth, which implies a trading figure - “Rising Wedge”. This figure, often occurs after the fall of the asset and usually predicts the continuation of movement. Following the results of the week: the currency pair showed a maximum of 1.2645 and closed the week +121 points. Technical analysis: H1 At the moment, the price chart is showing a wedge, given its behavior, a currency pair can reach the zone 1.2510-1.2540 and from there push off to lower levels. There are some similarities at the moment in the EURUSD and GBPUSD charts, perhaps we will see a synchronous strengthening of the dollar. The managing director of WMCI Asset Management is Sergey Melnikov. H4 Indicator analysis of overbought / oversold is in the neutral zone. An indicator of price behavior is also in the “Normal price behavior” phase. = ≥ The price is in the normal zone and maintaining short positions is an adequate trading solution. W1 If you look at the daily chart, you can see how the price doubled off from the 200 daily moving average. Moreover, trend indicators began to decline, despite the fact that the price was trying to stabilize. Volatility data and possible goals for the current month: A) Average volatility: - Weekly = 114 points; - Monthly = 150 points; - 3 months = 132 points; B) Potential goals: - For bulls = 1.2763, 1.2946 and possibly 1.3246 - For bears = 1.2280, 1.1980 and possibly 1.1797; - Monthly pivot point = 1.2465; ! Attention, average volatility must be taken into account when placing stops, so that your order is not knocked down by market noise. ! Attention, potential monthly targets may be both final closing levels of positions and potential reversal levels. Recommendations: Continue to hold short positions with a break-even position. Regards to subscribers, Ltd. Wermelgion & Partners Investment ! 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.
Short
by WockBruder
EURUSD - Down is done, when up?Greetings dear investors and traders! The currency pair worked perfectly for the movement, which could be predicted by many mathematical indicators. While market analysts are looking for an excuse for this movement, let's see what has changed in the technical picture last week: Euro - formed a new maximum at 1.1019 and ended the week with an increase of ≈158 points or + 1.46%, while it overcame the global trend down and local resistance from the past triangle. So, we see the prerequisites for the growth of the trading range and a possible increase in volatility. Technical analysis: H1 Given such a strong decline that we are seeing this week, it will be difficult to expect a further decline from the euro. Price movement implies the achievement of a downtrend retest level. At the same time, it is extremely important how the price behaves. There are 2 scenarios: No. 1: The pair will continue to decline to the level of retest, and from there it will begin to smoothly consolidate. If successful, the price will be able to demonstrate growth in the region of 1.1020-1.1050. No. 2: The currency pair will jump from the current zone back to the level of 1.0900, in this case, it will be more like a classic, indicative rebound. And when consolidating or activating sellers, we will see lower levels, possibly 1.0750. H4 The price approaches the zone of potential purchases, but at the moment, the opening of long positions is premature. The price has not gone beyond the framework of “adequate behavior”. = ≥There are no signs of closing short positions yet. W1 Global trends have not changed after the volatile months of 2020, this can be judged on the basis that the average price for 100 days does not overcome the 200-day average line. Volatility data and possible goals for the current month: A) Average volatility: - Weekly = 89 points; - Monthly = 99 points; - 3 months = 80 points; B) Potential goals: - For bulls = 1.1078, 1.1211 and possibly 1.1387; - For bears = 1.0770, 1.0592 and possibly 1.0460; - Monthly pivot point = 1.0923; ! Attention, average volatility must be taken into account when placing stops, so that your order is not knocked down by market noise. ! Attention, potential monthly targets may be both final closing levels of positions and potential reversal levels. Recommendations: If you hold short positions like us, they can be transferred to breakeven, as the current week promises to be very volatile. Purchases are possible from the level of: 1.0800, but only in case of consolidation. Repeated sale is possible from 1.0900, but with short stops - 1.0930 and also, only in case of consolidation. To your attention, a link to the analysis in tradingview: Regards to subscribers, Ltd. «Wermelgion & Partners Investment» !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.
Short
by WockBruder
EURGBP --- The bumpy path to the top:Good day, dear investors and colleagues traders! This week, the currency pair took advantage of bullish divergence and broke through the global down trend line, which it fought for the whole week. However, the proximity to the reversal of indicators such as MACD, Stochastik and the presence of the hourly chart in a zone of high oversold, may indicate a potential down-trend retest. The asset formed a new low this week at 0.8671, while local high is at 0.8863. Thus, this week the asset grew by only 50 points. Technical analysis: H1 Analysis of the data suggests that on Monday we will most likely spend in correction to the down trend zone, from where it is necessary to wait for the bulls reaction. At the moment, it is clearly seen that the 0.8685 zone is holding back seller activity. H4 The price has moved out of the normal price movement zone. And it fits tight to the potential sales area. However, this price analysis suggests that it is too early to open a deal. W1 Special attention is paid to the weekly chart in which the currency pair reversal was formed. Volatility data and possible goals for the current month: - Average volatility: a) Weekly = 71 points; b) Monthly = 93 points; c) Three-month = 81 points; - Potential goals: a) For bulls = 0.8849, 0.9003 and possibly 0.9089; b) For bears = 0.8609, 0.8520 and possibly 0.8368; ! Attention, the average volatility must be taken into account when placing stops, so that your order would not be knocked down by market noise. ! Attention, potential monthly goals can be both final closing levels of positions and potential reversal levels. Recommendations: At the moment, we do not recommend market participants to enter the market, since there is little explicit data for entry, it will be necessary to analyze the schedule for Monday. Regards to subscribers, Ltd. Wermelgion & Partners Investment ! 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
2
XBTUSD: Look at the monthly timeframeOkay, let's take a look at the monthly chart. Bitcoin price demonstrates definitely bullish SFP and April closed around $9000 up to 50%. We clearly bounced off support at $6400 and currently floating at resistance. Bullish case : I think if XBTUSD we get monthly close above $9400 we'll move higher with next target at $10500-$10700. And do not forget that we have Halving in this month, ETA 12th of May. For example, it can rise before Halving event and fall after. At least this month, BTS should test the $ 9400 level a couple of times. Bearish case: Since we are near resistance, Bitcoin begins to fall before Halving event and finds support in the range of $ 7,000 - $ 6,000 Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.P
by Bitduke
1