SELL THE USD/CAD ??TECHNICALS
we have an exciting week ahead of us so let's get started!
The pair will be moving bearish this week for the following reasons
1 - the price has come to a newly created resistance
2 - the market bullish moves have made price drive back to the 61.8% fib
3 - the RSI is showing that the markets are overbought
now time for the fundamentals
MONDAY, NOVEMBER 22
13:30
USD Chicago Fed National Activity Index (Oct)
TUESDAY, NOVEMBER 23
14:45
USD Markit Manufacturing PMI(Nov) PREL
USD Markit Services PMI(Nov) PREL
USD Markit PMI Composite(Nov) PREL
18:00
CAD BoC's Beaudry speech
Lungufx
USOIL BUYTECHNICALS
I am very excited about buying US and UK oil for the filling reasons:
1 - On m to the mutiple timeframes we are noting that us oil us over sold according to the RSI
2 - there price has come to retest a support zone on the intraday time frame
3 - the daily bullish trend line has been touched once again
4 - The bull back was strong enouch to puch price doen to the 62.8 % fib pull back
USOIL has the same set up so we will post similer analisys
FUNDAMETALS TO LOOK OUT FOR
N/A
happy trading. Lungu FX Team
UKOIL BUY !!TECHNICALS
I am very excited about buying US and UK oil for the filling reasons:
1 - On m to the mutiple timeframes we are noting that us oil us over sold according to the RSI
2 - there price has come to retest a support zone on the intraday time frame
3 - the daily bullish trend line has been touched once again
4 - The bull back was strong enouch to puch price doen to the 62.8 % fib pull back
USOIL has the same set up so we will post similer analisys
FUNDAMETALS TO LOOK OUT FOR
N/A
happy trading. Lungu FX Team
NASDAQ100 SELL UPDATEaround 17;00 CAT the price made amazing bearish moves, however, had spiked and hit stop losses in profits (small profits for the clients but profits nun the less)
we had identified a new trend line and the price could start moving bearish from around 19;00 CAT (if respected) to an intraday broken resistance zone of 164200.20.
we are selling now as the price is overbought and touching the trendline however if you would like to play it safe wait for the price to break 16200.20 retest it then sells.
NASDAQ100 SELLTECHNICALS
for quite some time now the market has been playing the same classic bullish game
move bullish create a higher high
touch trendline move bearish
create a higher low move bullish and the cycle repeats its self.
the market has come to the resisting trendline once again
has touched the intraday resistance zone
and RSI is indicating the market is touching overbought. Therefore I'm bearish for the next few days
GBP/JPY BULLISH TOMORROWTECHNICALS
we are seeing the following
the market has come back to retest the support zone
the market has broken the trend line and is retesting it
FUNDAMENTALS TO LOOK OUT FOR
THURSDAY, NOVEMBER 18
23:30
JPY National CPI ex Food, Energy (YoY)(Oct)
JPY National Consumer Price Index (YoY)(Oct)
JPY National CPI ex-Fresh Food (YoY)(Oct)
FRIDAY, NOVEMBER 19
00:01
GBP GfK Consumer Confidence(Nov)
07:00
GBP Retail Sales ex-Fuel (YoY)(Oct)
GBP Retail Sales (YoY)(Oct)
GBP Retail Sales ex-Fuel (MoM)(Oct)
GBP Retail Sales (MoM)(Oct)
MORE ON fx street
ETHEREUM UPDATEwe had sent this signal a little too soon however This crypto has stuck to our prediction and has broken the bullish flag pattern. this is exciting as the price is following our forecast meaning there will soon be a perfect buying opportunity (when the market comes to retest the broken trend line)
well done lungu fx team!
IS ETHEREUM WORTH BUYING ANYMORE ??TECHNICALS
I believe so as some exciting bullish signs are in confluence at the moment!
and here is why! during the bearish movement, price has created a beautiful bullish flag pattern along with the price has come to a support zone and touching the supporting trendline a more than good enough reason to make all this market bullish sentiment
FUNDAMENTALS TO LOOK OUT FOR
N/A FOR THE TIME BEING
Happy trading, LUNGU FX
EURJPY DAILY FORECASTTECHNICALS
We have a clear as day indication that the market is moving bullish soon.
with price touching the bullish trendline, the 61.8 fib and broken support turned resistance. we can assume that market will move bullish on the daily time frame.
If market moves bearish wait for pullback then sell.
FUNDAMENTALS TO LOOK OUR FOR
SUNDAY, NOVEMBER 14
23:50
JPY Gross Domestic Product Annualized(Q3) PREL
JPY Gross Domestic Product (QoQ)(Q3) PREL
MONDAY, NOVEMBER 15
04:30
JPY Industrial Production (YoY)(Sep)
10:00
EUR Gross Domestic Product s.a. (QoQ)(Q3) PREL
EUR Gross Domestic Product s.a. (YoY)(Q3) PREL
WILL BANKS OR SELL EURUSDTECHNICALS
i believe market will move bearish for the following reasons
1- The market has been moving bearish for some time now and has broken the support zone of 1.64045.
2- market has broken bullish trend line
3- the market has retested the broken support
however we need to consider the technicals on A smaller timeframe as well to maximise profits and minimise drawdowns.
4 hour analisys will be dropped later today.
FUNDAMETALS TO KEEP AN EYE ON
TBD
BITCOIN PUMP FOR JPY ?!?TECHNICALS
there a a few reasons to by bitcoin this week
1- markets have come to thee resistance turned support.
2- markets are within the 61.8% fib level.
3- markets have made there 3rd touch of the supporting trend line.
however if market does break out of the support zone, wait for market to touch the 4 hour support zone of 6921806.25 then enter a buy position (if market is oversold when touching the h4 support then even more reason to buy.
FUNDAMENTALS TOOK LOOK OUT FOR
SUNDAY, NOVEMBER 14
23:50
JPY Gross Domestic Product Annualized(Q3) PREL
JPY Gross Domestic Product (QoQ)(Q3) PREL
MONDAY, NOVEMBER 15
04:30
JPY Industrial Production (YoY)(Sep)
BITCION PUMP FOR KWT ??TECHNICALS
there a a few reasons to by bitcoin this week
1- markets have come to thee resistance turned support.
2- markets are within the 61.8% fib level.
3- markets have made there 3rd touch of the supporting trend line.
however if market does break out of the support zone, wait for market to touch the 4 hour support zone of 73659730.1 then enter a buy position (if market is oversold when touching the h4 support then even more reason to buy.
FUNDAMENTALS TOOK LOOK OUT FOR
TBD
BITCOIN PUMP ??!bitcion is controlling the move accros the board so similier analysis will be posted
TECHNICALS
there a a few reasons to by bitcoin this week
1- markets have come to thee resistance turned support.
2- markets are within the 61.8% fib level.
3- markets have made there 3rd touch of the supporting trend line.
however if market does break out of the support zone, wait for market to touch the 4 hour support zone of 59584.89 then enter a buy postion (if market is oversold when touching the h4 support then even more reason to buy.
FUNDAMENTALS TOOK LOOK OUT FOR
TBD
Silver updateat last we are so close to our final take profit. unfortunatlly ill have to end this run short as ive noted on a daily timeframe that the RSI has touched the over bought zone (70.00).
we may be able to pull in a bit more profit so place stop losses in profits accordingly and lets see what happens. either way 500000 ZAR is still good money.
look out for my bearish analisys dropping soon.
NZD/USD PIGGY BANKTECHNICALS
There are many confluences giving us a reason to buy the nzd
1- price has come to the 4 hour resistsance turned support
2- the RSI is showing price is over sold so the bulls may come in soon
3- price is touching botch the bullish and bearish trendline
FUNDAMETALS TO LOOK OUT FOR
THURSDAY, NOVEMBER 11
21:30
NZD Business NZ PMI(Oct)
15:00
USD Michigan Consumer Sentiment Index(Nov) PREL
17:10
USD Fed's Williams speech
WILL BANKS BUY EUR/USD ??TECHNICALS
We can see that for quite some time
price has been bearish for a few weeks now causing the RSI indicating oversold on the 4 hour
price has come to a resistance now support
if market does end up moving bearish ill wait for a break out of the the support zone a test then sell
FUNDAMENTALS TO LOOK OUT FOR
FRIDAY, NOVEMBER 12
07:00
EUR EcoFin Meeting
15:00
USD Michigan Consumer Sentiment Index(Nov) PREL
17:10
USD Fed's Williams speech
KEEP UP TO DATW WITH THE NEWS RELEASES ON FX STREET