Forexmoney
A Live trade setup you don't want to miss With knowledge comes the ability to break what seems complicated into simply laws
Laws that cannot be broken or changed, take it as written code
Price will only ever go up and down ....
how does a trend reverse ?
how does a bullish and bearish trend start ?
no need for all the fancy stuff ay - simple art sells for the highest prices
Gold my friend is who ive spent some years with and i have to say the relationship is healthy - hows yours with your pairs ?
any questions - you know where to find me. The doors open
EUR/USD - Demand DissapearedIt's like a well performed magic trick the way that Demand for the Euro against the dollar has disappeared. USD strength has returned to the market, and the EUR is the ugly duckling at the moment.
Price continued to fall, with the last three trading days each forming a fresh yearly low. We're eyeing downside to continue into the 61.8% fibonacci extension level at the significant price of 1.13000.
USD/CHF Signal - USD 3 Month Bill Auction - 1 Nov 2021USDCHF has traded into the fibonacci golden pocket resistance zone prior to the USD 3 Month Bill auction, which reveals the yields on the US Government backed security. Technically the pair is trading in the fibo golden pocket, and the RSI has recently given an overextened signal. We are also seeing bearish divergence form on the USDCHF 1h RSI, another bearish indicator.
EUR/USD Signal - EUR ECB Bank Lending Survey - 26 Oct 2021EURUSD has broken support prior to the ECB Bank Lending Survey, which enhances the Eurosystem’s knowledge of financing conditions in the euro area. Technically the pair has broken range support, and done a retest. The RSI now points to downside, and we are targeting the 61.8% fibonacci extension level at 1.15450.
USD/CAD Signal - CAD Retail Sales - 22 Oct 2021USDCAD has broken the descending trendline prior to the CAD Retail sales data which measures the total receipts of Canadian retail stores. Technically the pair has broken the bearish trendline and the bearish structure. We anticipate upside now into the key resistance zone.