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Reembegil

TRADING SECRETGA is approaching some key levels really fast with the big bullish run last week this level is 1.88414 and this has not been reached since June 2016 nearly 3 years ago, current price is only 60 pips off this level. Now there are correlating pairs that we look out for when trading and most of you might not even know that when these pairings move in 1 direction others also move... So we are going to let you into a trading secret ;p Ok so as GBP gets stronger the UK100 ( British stock market ) gets weaker ( and vice versa ) , This is to do with foreign investors not wanting to import things from the UK into there own country because when GBP has strength these investors have to pay more for the goods and loose out on profits. UK100 is nearly at a support level so we can see a bounce higher, this would weaken GBP. Also when GOLD prices are up this pushes the price of AUD up as Australia is the 3rd biggest producer of gold in the world, The more gold it produces the higher the AUD price will go as it exports most its gold therefore investors pay Australia in AUD. Gold is quickly approaching a key resistance level.. but with loads off bullish power so we are expecting this level to break and gold make a push higher. So overall Gold strength would lead to AUD strength and UK 100 strength would lead to GBP weakness... So the only way we see for GA is down. I hope you took all that info in as there is a lot to digest, but I also hope you took something away from this post and learned some key lessons that you will implement in your future trading.
by ApexFX_Pro
Time to go long... or wait? EURUSD February 2, 2018.After a bearish week, The EURUSD is doing a retracement to keep with the uptrend? or Are we seeing the end of the 2017 bullish trend? also the US Dollar Index won strength las week, so... who knows. My recomendation is to WAIT until the market defines the consolidation of the uptrend, or the price breaks below the previous low. At the same time we are finding a good opportunity to buy with a 3:1 risk and reward ratio at the 0.382 Fibonacci level wich is also a demand zone. Entry: 1.22526 Target: 1.25139 Stop Loss: 1.21626
Long
by reembegil
EUR/MXN, Technical Analysis, February 5, 2018The EURMXN maintains the bullish momentum after the good economic results released during the last press conference two weeks ago by the president of the European Central Bank, Mario Draghi (Find below, all the ECB press conference highlights) The pair couldn't break the previous resistance now support zone, maintaining the up trend. My recommendation is to buy with the objective at the next supply zone @23.50. ECB press conference highlights, 25 January 2018: • Robust pace of economic expansion, which accelerated more than expected in the second half of 2017. • Real GDP increased by 0.7%, quarterly at 2017. • Private consumption is supported by rising employment. • Business investment continues to strengthen on the back of very favourable financing conditions, rising corporate profitability and solid demand. • Housing investment has improved further over recent quarters. • The broad-based global expansion is providing impetus to euro area exports. European Central Bank Directorate General Communications. (25 January 2018). Press Conference, Mario Draghi, President of the ECB. 05/02/2018, de European Central Bank Sitio web: www.ecb.europa.eu
Long
by reembegil
2
Technical Analysis AUD/USD January 11th 2018The AUDUSD pair it is finding a resistance level at 0.78894 that matches with a 0.618 Fibonacci level, if the price breaks above this level, it is a good opportunity to buy, expecting to find the next supply zone at 0.80452. If the price rebounds below the resistance, we can sell short, with our target at the fibonacci level 0.382 at 0.77450 (previous support level), at this level my recommendation is to wait until the price confirm the downtrend, with our next target at the demand zone at 0.76801 that matches with a 0.236 Fibonacci level.
by reembegil
2
Technical Analysis WTI January 9th 2018After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67. Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous: resistance-support zone) as a first bearish target, at this level my recommendation is to wait for confirmation to buy (keeping the bull trend), if the price breaks below this point, our next target is the fibonacci level 0.382 at 55 (previous: resistance-support zone).
TVC:USOIL
by reembegil
3
EUR/USD Price Forecast January 5, 2018, Technical AnalysisThe EUR/USD pair drifted a bit higher during the trading session on Thursday, reaching towards the 1.20891 level, touching a resistance zone and making a "double top". At this pivot point is better to wait the resistance breakout confirmation to buy with our target at the next pivot piont at 1.22482. If the price couldn´t break above the resistance level, we could find a pullback to the 0.382 Fibonacci level which is also a previous resistance level that could become a support. If the price breaks below this level we could find a buying opportunity at the 0.618 Fibonacci level which match´s with a demand zone, to keep with the up trend.
by reembegil
Intraday EURUSD Forex analysis by @reembegilKeeping the downtrend at the EURUSD, the quote rebounds in the demand zone at 1.17264 making a retracement to the 0.236 fibonacci level wich match with the first supply zone waiting for the MACD to confirm the shortselling entry. 1)Supply Zone 1: Entry Price: 1.17457 Stop Loss: 1.17593 Target: 1.17129 Risk & Reward Ratio: 2.41 Fibonacci Retracement: .236 2)Supply Zone 2: Entry Price: 1.17654 Stop Loss: 1.1779 Target: 1.17129 Risk & Reward Ratio: 3.83 Fibonacci Retracement: .382 3)Supply Zone 3: Entry Price: 1.17917 Stop Loss: 1.18103 Target: 1.17129 Risk & Reward Ratio: 4.24 Fibonacci Retracement: .618
Short
by reembegil
4
EURUSD 1 hour chart analysis by @reembegilAfter the US jobless claim news was negative (forecast=231 vs 239K) the EURUSD quote made a rebound at the .618 fibonacci retracement to keep going in a sideways trend between 1.16643-1.1694 (resistance zone) and 1.15739-1.15660 (support zone). As this week haven't seen too much volatility at the FX market my recommendation is to wait until the quote touch the resistance or support zones to define an entry. Después de que las noticias de reclamo de desempleo en EE. UU. Fueron negativas (pronóstico = 231 vs 239 K) la cotización EURUSD hizo un rebote en el retroceso de .618 de Fibonacci para continuar en una tendencia lateral entre 1.16643-1.1694 (zona de resistencia) y 1.15739-1.15660 (zona de soporte) . Como esta semana no se ha visto demasiada volatilidad en el mercado de divisas, mi recomendación es esperar hasta que la cotización toque las zonas de resistencia o soporte para definir una entrada.
by reembegil
USDCAD daily chart analysis by @reembegilAfter the head&shoulder daily chart formation and keep going up with the trend, the quote made a fibonacci retracement to the 0.382 level to finished last week at the resistance (possible resistance becoming support point) level 1.27155, we are waiting the quote to confirm the end of the retracement to go long, if the quote keeps going down, the objective is the 0.618 fibonacci level which match with the last resistance point. Después de la formación en gráfico diario de cabeza y hombros y con la tendencia a la alza, la cotización hizo un retroceso de fibonacci al nivel de 0.382 hasta finalizar la semana pasada en el nivel de resistencia (posible resistencia convirtiéndose en soporte) en 1.27155, estamos esperando la confirmación del final del retroceso para ir en largo, si la cotización sigue bajando el objetivo es el nivel de 0.618 fibonacci que coincide con el último punto de resistencia.
Long
by reembegil
EURUSD daily chart analysis by @reembegil While the major EURUSD daily trend still going down, last week we did not see a big move creating a base over the trend waiting the market to break the sideways support zone (1.16085 - 1.15739) keeping the downtrend to sell short with the objective at 1.14871 (the next demand zone) and with the stop loss over the support zone at 1.16085 at least. Mientras que la principal tendencia diaria de EURUSD sigue bajando, la semana pasada no vimos un gran movimiento creando una base sobre la tendencia esperando que el mercado rompa la zona de soporte lateral (1.16085 - 1.15739) manteniendo la tendencia bajista para vender en corto con el objetivo en 1.14871 (la próxima zona de demanda) y con el stop loss sobre la zona de soporte en 1.16085 como mínimo.
by reembegil