CFD
NASDAQ ANALYSISNasdaq broke major uptrendline
Price is trading now in bullish corrective Elliot wave 4
Price is based below resistance level at 13405
Below SMA 100
MACD shows weakness in bullish momentum
It's expected forming bearish Elliot wave 5 to target first HVN at level 12975 then support level at 12675
GBP/JPY – Week 19 – Short term sellIn our last analysis update for this pair, GBPJPY behaved exactly as we forecasted, it touched the minor support marked on the chart and then went to the upside reaching 154,450 yesterday. Now, for this pair we are seeing a minor correction occurring at this level with the price falling to the minor support or deeper to the blue trendline marked on the chart before going up again. We don’t exclude the possibility of a rise in price without this correction happening here, because the main trend is up, so we advise caution.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD – Week 19 – Correction and upsideGBPNZD started an up move last Friday and broke out of the sideways structure. For this pair we can see a retracement to the newly formed support zone at 1,95000 and then a continuation to the upside. The higher probability move is to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/CHF– Week 19 – Consolidating below the resistanceGBPCHF stayed for nearly one month in the range created by the resistance area at 1,28100 and the support at 1,25800. In the last days we had a bounce from the support area that reached the resistance and it looks like it is consolidating below it. Judging by the price action at this moment we give a higher probability for the price to break out of the trading range to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/JPY - Week 18 - Up move nextWe think this pair will make an up move at this point and we believe the potential target price of 153.400 as the place where it will go. Before that move, the price may retrace to the blue trend-line marked on the chart or at the minor support of 150.900.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Gold is about to go high again !After breaking a resistance area, that area became a support for the chart and after that the chart got stuck into a rectangle form range market.
Today it has broken the top of that rectangle and it is probable that it will go high as the width of the rectangle.The best are for long position is on the the top of the rectangle with regarding that an ascending trend line will support our chart to continue its uptrend.But remember that Gold is extremely volatile and news and other fundamental factors can be really effective on Gold's trends. So make sure that you use Stop losses for your trades.
GBP/CHF – Week 18 – Support area decisionFor this pair we expect a down move with a higher probability than an up move. We think it will at least reach the support area marked on the chart at 1.258. When the price will reach that area, we must study the market structure to decide the next market move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD – Week 18 – Trapped between 2 areasAs we can see from the chart, this pair is moving in a trading range between the support zone at 1.91000 and the resistance at 1.95000. We are currently giving a higher probability for a breakout to the downside and continuation than reaching the resistance area. However, if the price reaches the resistance area and consolidates there that means that the prices will go higher. We advise caution on this one.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
USOIL - Setting Up For A Move LowerUSOIL broke out of the long term ascending trendline correctively and is now in an ascending correction. Ideal place to enter would be an impulsive break of the ascending correction and a retest of the level indicated.
See linked charts for more information on corrective breaks!
Goodluck and trade safe.
USOIL - Setting Up For A Move LowerUSOIL broke out of the long term ascending trendline correctively and is now in an ascending correction. Ideal place to enter would be an impulsive break of the ascending correction and a retest of the level indicated.
See linked charts for more information on corrective breaks!
Goodluck and trade safe.
XAUUSD - CFD - 3 May 2021Hello Traders, I hope a wonderful week for you.
as you can see this is the wedge pattern and the best way to enter a trade is to wait for this pattern breakout.
In 4H timeframe chart you see the pullback on the support zone and it means the wedge pattern might break from upside. But in the Weekly timeframe chart there is a bearish market structure.
Please look at the 4H timeframe chart!
XAUUSD 4H timeframe chart:
What do you think about this chart?
Good luck!
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GBP/JPY - Week 17 - Watching the decision zoneFor this pair we have to study the price structure at the resistance area of 152.000. There are 2 working scenarios here for us: the first one, the price breaks the resistance area and consolidates above which means that it will continue the uptrend and the second one is a sharp reversal which would mean that the price can break the low at 149.025 or reach at least the support area at 148.500.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GBP/NZD - Week 17 - Downtrend to continue?Since the end of March, GBPNZD is in a downtrend structure on the 4h timeframe. When we analyze the structure we see an up move in the middle of April that reversed and now a new push for the uptrend to resume. However before we enter a trade, we should study the price action at the decision zone. The higher probability move in our opinion is a continuation to the downside at least one more time. We will keep you updated.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
GOLD ANALYSIS GOLD is trading in uptrend
Above SMA 100
price now is in corrective bearish Elliot wave 4 we r waiting price to retest uptrendline corresponding to key level and 50% Fibonacci level at 1756.00
then waiting for bullish movement to be occurred in order to open long position
It's expected to target resistance levels 1789.55, 1812.00 respectively