EURUSD#4--->Time to buy:Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Eurusd:
The asset ended the week with a decrease of 183 points or -1.63%. The volatility of the current week is 427 points (Range - coefficient).
#Technical_analysis:
Globally (D1):
The currency pair is our resistance from the Fibonacci level of 1.1452 (38.2%) from the movement in January 2018 - February 2020. At the moment, the pair has returned to the downward channel, but we do not realize that it matters in the current volatility.
Locally (H1-H4):
If you want a comprehensive picture.
A currency pair is moving in a downward channel on the hourly chart. From February 19 to March 9, we must ensure compliance with the necessary Fibonacci conditions.
After we conducted them, we can immediately draw attention to the fact that our support is at 1.1080 (61.8%). She was also on Friday.
In this moment, we see a broad Double Bottom figure. With a primary target of 1.1250 and a secondary target of 1.1500 and possibly further.
By tradition, we call the weekly support and resistance zones:
A) Supported: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, showing the emergence of a currency pair in the "Zone of potential buyers."
- Indicators of price behavior: stock prices demonstrate the exit of a currency pair from the "Abnormal price behavior".
- Trend indicators: at the close of the trading week, trend indicators show a steady trend down.
=> Total: All indicators indicate that the data have a good opportunity to buy a single European currency against the dollar.
If the market opens without a big gap, then the price will be either 1.11-1.1080 with extreme #stoploss * 1.0980 and #takeprofit 1.1250.
In the case of a consolidated downward movement, we will close positions that should not trigger a stop order.
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and 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.
* Extreme stoploss - stop loss intended in case of sharp price fluctuations.
Analytics
EURGBP#2:--->Waiting for sell:Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Eurgbp:
The asset ended the week with an increase of 377 points or + 4.36%. The euro has been growing against the pound for the 4th consecutive week, following the results of this trend rising by 750 points or 9.03% since February 18.
Current volatility is 389 points (Range - coefficient).
#Technical analysis:
Globally (D1):
The currency pair formed a double bottom on the daily chart and decided to reach the maximum - 0.9323. The intermediate resistance zone is 0.9080;
Locally (H4):
The currency pair left the ascending channel, breaking its upper line. Heading almost vertically towards the nearest resistance line - 0.9080;
By tradition, we call the weekly support and resistance zones:
A) Support: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund demonstrate the entry of the currency pair into the "Zone of potential sales."
- Price behavior indicators: At the close of the trading week, the fund price behavior indicators demonstrate the currency pair entering the “Abnormal price behavior”.
- Trend indicators: At the close of the trading week, the fund trend indicators show a steady upward trend.
=> Total: All indicators indicate that at the moment, the price has entered the zone of potential sales. Our fund will expect price consolidation or correction to open short positions with possible targets of 0.8812 and possibly 0.8730.
#Orders:
Opening short positions is not recommended at the moment.
If you open a position on this instrument, we will inform you of the transaction parameters.
Regards to subscribers,
Ltd ”Wermelgion and 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.
Wedge on the timeframe 1 dayThe price drop is most likely if the price goes below the support of the wedge.
NEWS For Subscribes:Good day, dear investors & Traders!
We decided to change all our technical analyzes.
Now we will provide separately:
A) Technical analysis and warrants;
B) Fundamental analysis and global trends;
Thus, we can provide you with more financial instruments.
Please take this action with understanding.
In general, let's vote in the comments?
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
XAUUSD#F1---> Fundamental analyticsGood day, dear investors and colleagues traders!
Your attention #analytics view on #Gold / #Xauusd:
#Comment_to_current_ situation on the asset:
A landslide drop in quotes. After all, stock indices are the same as they have been for 30 years, and gold is absolutely not in demand.
Central banks are lowering their rates, increasing quantitative easing programs, and gold is falling evenly.
This behavior is easily explained by 2 factors:
1 - Technical factors and we will talk about them below.
2 - Reduction of the positions of stock, banking and other persons to cover losses from current prices of stock assets.
Many investors have very serious investment rules.
Such as share:
- The share of one instrument in the portfolio;
- Maximum drawdown;
- Risk hedging rules (complete disposal of assets / hedging through the purchase of put options);
! (Not to be confused with binary options)!
- Investment rules;
- investment tools;
Both stock prices and product prices, or simply balance the portfolios.
In the face of all the factors for the growth of gold.
#Technical_comment_to_current_ situation:
Having examined the global D1 chart, we can see the most classic 5-wave movement. From August 15, 2018 and at a price in 1159 to the present day with a peak for 1703.
To date, we have already received an objective correction to point A, which is until the moment when we have to trample at the levels of 1560-1580.
Wave B is ready by 1640.
However, this is the most unlikely scenario to date. Since fundamental factors contradict him.
Most likely, we will see that gold prices at new highs fell to 1480-1400.
#Fundamental_analysis:
To get started, we want to provide some important facts:
For this month, the rate was reduced:
- Bank of England (#Boe) from 0.75% to 0.25%;
- US Federal Reserve (#FED) c 1.75% to 1.25%;
- Bank of Canada from 1.75% to 1.25%;
- Reserve Bank of Australia (#RBA) from 0.75% to 0.5%;
Additional incentives have already begun to provide:
- Bank of China (#PBOC) (reduction of reserve requirements, issuance to affected companies, loans at a minimum rate.)
- The ECB (#ECB) increases the cost of the program by $ 120 billion (QE from the ECB), providing TLTRO by -0.75%.
As we see, the largest world prices are reduced in percentage terms and are economically liquid.
Moreover, we have the opportunity to reduce the rate to 0.25-0% and have already begun to provide banks with liquidity in the amount of $ 1.5 trillion.
The ECB should begin quantitative easing (QE4) and provide banks with even additional liquidity.
A decrease in the range of 0.5-0.75% is expected with a probability of 100%.
Precious metals prices should begin a vertical take-off.
If gold can be traced over the past 20 years, then, what from a protective asset, gold begins to turn into a speculative asset, similar to # DOW30. He is certainly falling now.
This rule was violated only if he had to ban trading operations, and they had to liquidate their positions in the period from September 3, 2012.
#Bottom line: if we really succeed in the US, we will see that gold prices and their growth will be stable.
Waiting next FED, waiting QE4.
Regards to subscribers,
Ltd ”Wermelgion and 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.
USDCHF#3--->Buy:$ / ₣
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair continued its decline in the previous week, having worked out the old correlation scheme: if #eurusd grows, then usdchf falls.
Investors continued to buy safe assets throughout the market.
The leaders of last week's growth were the franc and the yen.
Trading week ended for the asset with a decrease of 277 points (-2.87%).
#Technical analysis:
Globally (D1):
The currency pair has broken down the channel and is now heading to the key zone - 0.9315-0.9200. Investors notice this zone, since it was from the beginning of this zone that the pair was bought.
Locally (H1-H4):
The asset locally also broke through its downward channel and does not yet have a bright price level (technical, not mathematical), for at least some stabilization.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9242, 0.9119;
B) Resistance: 0.9448, 0.9580 & 0.9916;
#Orders_and_position:
- Leading indicators: demonstrate that the pair has entered the zone of potential purchases;
- Indicators of price behavior: demonstrate that at the moment, the price is not in the "normal phase" of its behavior, as a result of which opening positions is not recommended;
It is necessary to wait for the normalization of price behavior.
- Trend indicators: show a decline;
- Fundamental analysis:
Considering this asset, we need to take in the first place # SNB (Swiss National Bank). For the Swiss economy, an expensive franc is undesirable, as exports suffer from this.
Given that at the moment the rate is -0.75%, it is difficult to imagine that the Central Bank of Switzerland will lower the rate even more. Most likely, the Central Bank will carry out currency interventions, it is even possible that there is a risk of the minimum value of #eurchf returning to 1.20.
The question is, is it time?
Next time of the meeting of the SNB —-> 19.03
#Deal: Waiting.
At the current moment, opening transactions is undesirable, since the main indicator (Price Behavior Indicator) has come out of its normal state.
If the indicator returns to its normal position, we will try to open long positions.
You can follow all the changes on our monitoring:
MQL-->Cambellton-->WMCI_Asset_Management
Regards to subscribers,
Ltd ”Wermelgion and 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.
EURJPY#3--->Waiting to buy:€ / ¥
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurjpy:
#Comment_to_past_week:
The currency pair spent a rather restrained trading week when compared with the activity of the market as a whole. After completing the trading week with minimal changes: -20 points (0.2%).
The currency pair traded with an eye on 2 important factors, the growth of the single European currency and the growth of the Japanese yen.
#Technical analysis:
Globally (D1):
Eurjpy continues to bargain in the ascending channel, however, she constantly tests its lower limit for strength. So far, investors continue to buy back the asset from zone 118.60-118.80. However, the fact that high levels are getting lower is a concern for bulls.
And in the event of a breakthrough of this zone, we run the risk of moving to marks 117-116.
Locally (H1-H4):
The currency pair continues to move in the downward channel, having spent a week in a wide range of 234 points.
By tradition, we call the weekly support and resistance zones:
A) Support: 117.12 & 115.65;
B) Resistance: 119.48 & 120.38;
#Orders_and_position:
At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of prices.
Trend indicator: trend is down.
- Fundamental data: Given the actions of the Fed, the excessive strengthening of the euro, as well as the situation of the #coronavirus in the EU, it can be assumed that the ECB will go to uncharted territory and introduce negative interest rates.
Earlier, the head of the ECB #Christine Lagarde allowed the adoption of targeted measures to support and stabilize the economy and in its normal state.
The risk that the main bank of Europe will take this step will force the bulls to fix their positions in a single currency.
Also an important factor will be statistics that will be published on Tuesday on # GDP # Eurozone.
According to our estimates, the slowdown in Asia began even before the coronavirus, and the export of the 1st Eurozone economy depends on exports to Asia.
In view of this, we can conclude that the data should come out worse than forecasts, despite the fact that the data are expected worse than the previous ones.
# Deal: Potential purchases.
If the indicators demonstrate the necessary parameters and the price consolidates at the necessary levels, we will try to open a long position with a short stop.
Regards to subscribers,
Ltd ”Wermelgion and 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.
EURGBP#1--->Waiting time:€ / £
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurgbp:
#Comment_to_past_week:
The currency pair continued to grow last week, rising by the end of the week by 53 points (0.62%). However, the dynamics of the currency pair was not as straightforward as it was before, and the upward trend was replaced by consolidation.
#Technical analysis:
Globally (D1):
The bulls failed to break above the level of 0.8688 (38.2% Fibonacci), and this suggests that the pair should go to 0.8539.
Locally (H1-H4):
The currency pair began to form a consolidation or range trading between the levels of 0.8742 and 0.8593 breakdown and consolidation of any of these boundaries, potentially gives us goals for movements:
A) Breakdown up: 0.8810;
B) Breakdown down: 0.8514;
A) Support: 0.8582 & 0.8512;
B) Resistance: 0.8736 & 0.8813;
#Deal: Neutral attitude to open positions.
At the moment, market indicators, both leading ones and indicators of price behavior, demonstrate normalization of the price, although a week ago they recommended selling from 0.8702.
Trend indicators on the hourly time frame also suggest a sale.
Regards to subscribers,
Ltd ”Wermelgion and 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.
GBPUSD#3--->Time to sell:£ / $
#Technical_analysis and #Orders
Good day, dear # investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment_to_past_week:
The foggy Albion currency corrected to lower expectations of a weakening monetary policy by #Bank of England. In one of the interviews, the new chairman of the Central Bank of England # Andrew # Bailey said that it was necessary to wait until there was more clarity regarding the economic blow from the outbreak of the virus.
However, at the moment, market participants are all assuming that the incoming statistics will convince the Central Bank to act at the next meeting, which will be held on March 26.
At the end of the week, the pound grew by 223 points (+ 1.75%).
#Technical analysis:
Globally (D1):
Globally, the currency pair has returned to the downward channel.
The upper border of which is at around 1.3120-1.3140.
Locally (H1-H4):
The asset moved into a vertical trend, which is usually followed by consolidation. The pair is approaching the level of 1.3060-1.3080 which will be able to adjust the price down.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2944 & 1.2837
B) Resistance: 1.3151, 1.3258 & 1.3466
#Orders_and_position:
- Leading indicators: demonstrate entry into the potential sales area.
- Price behavior indicators: show the way out of the normal movement, which proves that the current trend is redundant.
- Trend indicators: show a trend up.
- Fundamental analysis:
In the direction of the pound, the main role will be played not by macro data, but by negotiations between Britain and the EU and the meeting of the Bank of England on March 26. Given the recent comments from politicians, it is extremely difficult to say that they are close to a compromise.
Even more this fact is confirmed by the fact that the first round which ended on Thursday led to 0 result. The parties did not move a dead point even an inch.
#Deal: Potential sales.
Given all of the above, our fund will seek to open short positions in the currency pair near resistance levels, before which there will be stabilization of indicators and normalization of price behavior.
We will open positions with a short stop and a long take profit.
Potential sales areas for us:
1) 1.3050
2) 1.3120
But in case the price starts to return earlier than these levels, it will be interesting for us to open positions below.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
EURUSD#3--->Time to sell:€ / $
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurusd:
#Comment for last week:
The paragraph above (+ 2.35%) relative to the previous close of the week. The dollar was literally knocked out by an unexpected, unplanned Fed interest rate cut.
Many market participants note that the Fed is strengthening its pigeon position on March 18 and further reduced the rate by 0.25%.
We have relied on further actions that will look that gave a preemptive strike.
Meanwhile, the #ECB, on the contrary, can take over the relay race it started from the Fed. Despite the fact that the ECB rate is at a minimum level of 0%, we can all see unprecedented measures, and the bank will be able to enter the negative funding zone. The basis of the export-oriented economy of the eurozone is Germany.
In addition, it is important that the EU does not agree with such a competitive advantage as a weak dollar.
An important factor for understanding further actions from the Fed
- Salary growth: + 3%;
- Job growth in the economy: 273,000;
- unemployment rate: 3.5%;
All major macroeconomic indicators showed that the Chinese economy received a strong blow from #coronavirus.
We believe that the US economy may even overheat the US economy through risk.
#Technical analysis:
Globally (D1):
The euro has overcome the downtrend, which has been in force since August 18, 1.12. Therefore, we have the opportunity to get further development.
The next such goal is a direct level of 1.1453 (38.2%).
Locally (H1-H4):
The rising pair continues to be in the rising channel.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.1094, 1.0899 & 1.0770;
B) Resistance: 1.1418, 1.1549 & 1.1744;
#Orders_and_position:
- Leading indicators: Current prices tell us about extreme overbought.
- Indicator of price behavior: this means that the moment of opening control transactions has not even come.
#Deal: Potential sales.
We will look for potential points in sales.
Caution, prices must change.
!The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and 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.
Bitcoin potential global reverse to downtrend! BTC Short?Hello Guys,
let's analyzing 1D and 1W chart for btc/usd.
On small timeframes, we can see swing signals to long positions since the price of $8900, and it makes speculative sense to trade long positions, however, momentum strategies on 1D show that this is most likely a downward wave correction that will end below $9650. Also on the 1W chart, we can see the weakness of buyers and the first signals to close long positions.
Today we would like to share the scenarios that we consider at the moment on the chart, and the FOBS trading strategy. At the moment, our positions in BTC do not exceed 25% of the total volume and are focused on intraday and swing trading. The long-term reversal strategy shows a long above $10500 and shorts below $8500 at the moment. Momentum 1D strategy also shows the expectation of short positions.
For 1D, now the situation is outside the market. For 1W, we are potentially considering an exit from a position in case a downtrend is confirmed.
The scenario of the continuation of the Uptrend we are considering after consolidating above $ 9650.
Best regards,
FOBS Team
GBPJPY#2--->Waiting buy:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Gbpjpy:
#Comment_to_past_week:
The currency pair could not fix at the lower border of the ascending channel. Gbpjpy has probably suffered the most severe losses last week among all the currency pairs associated with the yen.
The currency pair fell by 610 points (4.2%).
#Technical analysis:
Globally (D1):
The pair left the narrow channel D1 by the standards of the ascending channel and headed without meeting any special support, dropping south to the minimum level since October 16 this year. On Monday, the currency pair drew the doges at the very bottom of the downward movement, if the currency pair does not decline today, and if it can grow, we can see a slight correction.
Locally (H1-H4):
The pair is consolidating in the range 139-137. Given the recent movement, we can assume that this is the formation of a support line and a zone of potential purchases.
Level 139 is the Fibonacci resistance of 23.6%, a breakthrough of this level will shift the attention of investors to level 140.
By tradition, we call the weekly support and resistance zones:
A) Support: 135.84 and 133.13;
B) Resistance: 140.23 and 142.93;
#Orders_and_position:
- Leading indicators: they tell us that the movement was too strong and is currently in the oversold zone and the current consolidation allows us to consider long positions.
- Indicators of price behavior: they say that price is only beginning to normalize movement. If consolidation continues, we recommend that you consider the next transaction.
- Transaction: buying the average price of the range 138 with #stoploss. 136.50 and #takeprofit 141 # RR = 2.0;
! Attention, you must wait for the normalization of price behavior.
! The Fund for Indirect Investor Asset Management (WMCI Asset Management), reserves the right to change stoploss and takeprofit levels in its trading, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and 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.
GBPUSD#2---> Time to buy:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment for last week:
As we predicted, the key mark for the British currency was in the area of 1.30. This pair should continue the upward movement.
As is the case with the main investment risks.
As a result of negotiations between the UK and the EU, difficulties arose.
Statements of a big delay in their supply chain.
About 100 people were supposed to agree this week so that negotiations could continue until Thursday.
She wants to gain access to the European market, but she does not want to recognize the jurisdiction of the highest court of Europe. Europe, in turn, believes that they will gain access to their trading partner outside the EU.
Recall that today the Minister of International Trade said: "Great Britain can leave the Eurozone without a deal and abandon trade negotiations with the United States."
“Essentially, this is the same story (Brexit), but also a new chapter,” said David Madden, market analyst at CMC Markets in London. This was a negative comment from a government official. Most investors buy sterling. ”
From the materials of Ritvik Carvalho, Reuters.
# Technical analysis:
Globally (D1):
The global downtrend has continued this week, however, its slope has increased from 9˚ to 22˚, which demonstrates the increasing danger for investors and their desire to use the new growth to find sales.
Locally (H1-H4):
Locally, low movement is also widespread, now the key resistance zone is located on the lower border of the downward channel 1.2820 and only a breakthrough of this mark and confidence that the aforementioned lines can not even turn the tide for long.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2693 and 1.2562;
B) Resistance: 1.2984 and 1.3147;
#Orders_and_position:
- Leading indicators: they tell us about the excessively low price of the British pound, and stabilization above 1.2740 creates a certain consolidation for the possibility of a reversal.
- The indicator of price behavior suggests that this allows us to open a long position from 1.2768 with #stoploss. 1.2720 and # takeprofit 1.2900. # RR = 2.5;
! The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and 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.
Analytics When I look at analytics, I see a pattern how companies/businesses are doing each year & how they make profit from the work that they’ve done in years past. Some can ruin businesses, some can’t ruin businesses. It depends on the companies goal’s every year & what workers/employees are trying to accomplish with their jobs. I think analytics can work in some ways where they track how many people go to sporting events/parties/shows & how much time they spend on social media websites. My prediction is that the companies can improve from year to year but it kinda really depends on a few things: salary & payout.
USDJPY#2--->Time to waiting:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Usdjpy:
#Comment_to_past_week:
The currency pair has become the main driver for all assets associated with the #yen. Market participants were, to put it mildly, shocked by Japanese #GDP data for the fourth quarter. Traders even needed to take a couple of days to analyze the received data in order to predict possible actions by the Central Bank of Japan.
Despite the fact that the central bank purchases assets everywhere, pours huge sums of money into the economy, all these actions cannot exactly disperse it.
Naturally, after such an impressive growth, and at the moment the growth reached 252 points, the investors decided to fix their positions before the CBA of Japan said their word.
As a result of the week, the currency pair added 180 points (+ 1.64%).
#Technical analysis:
Globally (D1):
Previously, the couple was in the wedge, last week the couple left this wedge forming an explicit ascending channel with the beginning of August 23, 2019.
Currently, the currency pair is in the center of this channel.
Locally (H1-H4):
Locally, the pair formed a correctional, descending channel on February 21. However, the current consolidation at levels 110.12 (technical level) and 110.07 (mathematical level) indicate a potential reversal.
This is especially true if the pair returns to the zone and continues to consolidate at these levels.
By tradition, we call the weekly support and resistance zones:
A) Support: 110.07 and 108.57;
B) Resistance: 112.00 and 112.64;
#Orders_and_position:
We remain aloof from actions on this currency pair, as well as on any pair with the yen, in view of tomorrow's meeting of the Bank of Japan (#BankofJapan.)
This is associated with the risk of possible inaction of Mr. #Haruhiko #Kuroda, the manager of the Central Bank of Japan.
Analyzing possible options, we understand that the arsenal of the Central Bank is already almost exhausted. The interest rate is already at a negative value, the quantitative easing program (#QE) is much more aggressive than in other countries.
Therefore, it is not clear what the Bank of Japan can give the markets.
It becomes especially impractical to open positions against the yen in view of the rumors that were even before the release of data on # GDP. They reported that the Central Bank is ready to either move away from its mandate, or even change it.
Due to such ambiguity, we do not open positions in one direction or another despite all the analyzes.
Recall that the meeting will be held this Thursday.
Regards to subscribers,
Ltd ”Wermelgion and 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.
USDCHF#2--->Hold sell from usdchf#1:Good day dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair long and stubbornly did not want to give up and continued to go up until it met resistance in the zone of 0.9840-0.9845. Which, nevertheless, was able to deploy the asset to the south and by the close of the week the pair lost about 39 points (0.39%).
It seems that the story of the #coronavirus will not go away as easily as the main central banks of the world calculated, it will not be possible to fill it with money. And of course, as soon as market participants accepted this fact, protective assets began to be in sharp demand, and #franc was one of such assets.
#Technical analysis:
Globally (D1):
February helped #usdchf form an uplink, which is currently being tested for strength. It is imperative to understand whether it can withstand the pressure of sales in global stock markets. To do this, traders need to monitor the 0.9720 zone and how the pair will be redeemed from 0.9710 (61.8% Fibonacci). In the case of consolidation below 0.9710, we can see the next target at 0.9680.
Locally (H1-H4):
Locally, a fully formed downtrend of February 21 is observed. Yesterday, the currency pair came out of the triangle, which strengthened the position of the bears.
However, they came close to the price range, in which there were a lot of support zones, potential demand, and it was they who would decide whether usdchf would keep the global upward movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9752, 0.9722 and 0.9675;
B) Resistance: 0.9830, 0.9877 and 0.9907;
#Orders_and_position:
We continue to hold a previously open position sale from 0.9816 with #takeprofit: 0.9720 (We reserve the right to keep take_profit below) and #stoploss: 0.9864.
This position will be transferred to breakeven.
We will refrain from opening new positions.
Regards to subscribers,
Ltd ”Wermelgion and 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.
GBPJPY#1--->Waiting buy:Good day, dear #investors and colleagues #traders!
To your attention, a technical analysis of the #Gbpjpy currency pair:
#Comment_to_past_week:
The currency pair, under the influence of the factor #usdjpy, got rid of the major pair #gbpusd, this allowed to close the week +146 points (+ 0.98%).
In this asset, the difference in the indicators of economic data was especially felt.
It was rather difficult for the pair to determine the direction of movement and in the moment, it fell almost 100 points in the direction of our forecast.
#Technical analysis:
Globally (D1):
The currency pair changed the picture over the past week. Instead of a flat, on the daily chart, we got an upward channel with an obvious resistance zone: 144.03-144.60. By the way, at the time of writing, the pair is approaching the lower border of this channel.
Locally (H1-H4):
In this case, the global projection is also shown on lower time frames, and according to our estimates and our system’s estimates, in the conditions of a currency pair reduction to marks: 142.50-142.30, this can serve as a signal for a favorable place for shopping.
By tradition, we call the weekly support and resistance zones:
A) Support: 142.92 and 141.30.
B) Resistance: 144.30 and 145.57.
#Orders_and_position:
At the moment, the price is in a neutral state.
Therefore, we recommend that you refrain from opening positions at this time.
However, we recommend that you wait until the pair “finds” consolidation, only then, we suggest you open long positions with short stops.
By levels, this is the zone announced above: 142.50-142.30 (Only in case of consolidation at this level).
Regards to subscribers,
Ltd ”Wermelgion and 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.
GBPUSD#1--->Waiting time:#Technical_analysis and #Orders
Good day dear #investors and #colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
#Comment_to_past_week:
The currency pair was not able to take advantage of the positive macro-economic data that came out last week. # Pound paid more attention to verbal statements of politicians #Britain and #EU, which pushed him down and by the end of the week he sank 90 points (0.69%).
Many market participants expected more negative data, as they came out a month after #UK left the EU.
#Technical_analysis:
Globally (D1):
The foggy Albion currency continues to be in the downward channel. Along with this, it should be noted that the price behavior has fixed the bulls' possible hope for a change in this trend.
The currency pair went through excellent consolidation on February 20. Good growth after this consolidation and a “buyback” in the event of a pair failure in the zone 1.2890-1.2900 tells us that the bulls are currently forming a double bottom with the target of 1.3143 - 1.3184.
However, this formation is possible exclusively, provided that the pair can fix above 1.3020.
Locally: (H1-H4):
And also, this currency pair today formed an excellent picture and created an upward channel that confirms the global theory. However, even at the local level, resistance 1.2980-1.3000 plays a key role in understanding further price movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.2852 and 1.2748.
B) Resistance: 1.3057, 1.3158 and 1.3262.
#Position_Orders:
Last week, we recommended: sale from 1.3029 and #takeprofit 1.2870 and #stoploss 1.3108 and it worked.
This week, we took a wait and see position, for a clearer understanding of the direction of movement.
Regards to subscribers,
Ltd ”Wermelgion and 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.
Esperando Retroceso A,B,C EURUSDEste Par ha tenido una fuerte caida completando asi desde mi punto de vista 5 ondas de Elliot, y retestear un fuerte piso, queriendo asi quizas no seguir bajando, a mi personalmente me encantaria un rompimiento de estructura, para luego despues de un retroceso, entrar largo, desde mni perpectiva no es recomendado entrar largo hasta que no rompa la estructura bajista.