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.
CFD
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
US 30 , Gillionaire Corporate AnalysisHey for every one , if you have a different ideia , tell us on comments.
XAUUSD - CFD - 11 April 2021Hello traders, I hope you guys had a great weekend.
first of all I wanna show you my analysis in Gold.
there was an strong resistance in 1737 - 1741 area and price already broke this and retest it as support zone. there's and pin bar on the support area and we can use the pin bar strategy in this case.
well, maybe I take this trade.
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USOIL ANALYSISUSOIL is trading below major downtrendline
Price is based below key level at 62.00
Price is based below HVN at level 60.75 which indicates that usoil is in distribution phase
Price is forming Head & Shoulders pattern
MACD shows weakness in bullish momentum
RSI is below level 50
It's expected to target demand zone at level 57.50
Price taking at $57- April Target $68Oil experienced a small retrace following the aggressive high being formed March 7th on open. Tapping some of the key levels I projected in my last post there is definitely possibility for a reversion back to highs as the near term demand continues to increase. Summer is fast approaching and with an infrastructure bill being presented this week the oil and gas industry could see some strong bids. My view with current sanctions and policy, below 57 could serve as a discount pricing for the month of April with 52 potentially serving as a more defined floor.
Best time to buy Orange Juice?Orange Juice demand/supply cycle frequency appears to be 170 days. Close to 25 weeks or 6 months.
When the price falls down, they come in three big waves. But the price increase happens fast. It takes about 2 months to increase the price to the maximum level.
Price falling happens slowly, takes about 4 months.
The last bull run in March couldn't break the resistance and fell back to the weekly support level. I can't see a reason for the price breaking weekly support.
A sharp price drop to key levels always shows a strong pullback. If the next bull run can break the resistance, the price could settle around $119 (or shoot past it to the previous high $130)
Can't think of a better time to buy Orange Juice. But wait until weekly support is confirmed by at least two consecutive days.
This is an idea only, not a financial advice.