EURUSD: GLOBAL 2.0Greetings dear followers!
We glad to present our system of technical analysis to finds out levels and we present levels by all popular timeframes free.
We will update it every month.
H4:
• Supports: 1.1711, 1.1590, 1.1541, 1.1460
• Resistance: 1.1907
D1:
• Supports: 1.1426, 1.1201, 1.0773
• Resistance: 1.1907
W1:
• Supports: 1.0894
• Resistance: 1.2070, 1.2474, 1.3966
MN1:
• Supports: 1.4932, 1.5840
• Resistance: 0,8495
With Kindly regards,
WMCI
Wmci
EURUSD --- > #7Greetings dear investors and fellow traders!
For your attention, an analytical review of the #EURUSD: EURUSD # 7 currency pair.
• Commentary from last week:
As we expected, the upward movement of the single European currency was limited to the zone 1.1400-1.14200. This resistance is clearly visible on the daily chart and we are revising it towards expansion by 5%.
Now, the zone of the downtrend for us is the zone: 1.1370-1.1460.
Consequently, the pair is still at the very top border of the descending global channel.
All week the euro has been in high demand from investors, in the hope of an EU budget agreement.
However, on Friday, the leaders of the EU countries did not agree on measures.
The stumbling block is the dispute about how exactly the funds will be transferred to the southern countries, which have been hit hardest by the Covid19 pandemic.
The decision was a joint initiative of Germany and France to create a solidarity fund, which will be financed through the issue of special coronabond, the obligations on which will be shared by the entire EU bloc.
The total liabilities of 750 billion units were supposed to be divided by 500 and 250 billion units, respectively.
500 billion e. Were to be issued as grants, and 250 billion e. - loans.
However, on Saturday the European Commission adjusted this balance to 450/300.
But even this 4 thrifty countries (Austria, Denmark, the Netherlands, Sweden) was not enough.
The Netherlands is in favor of receiving reports on the expenditure of all funds of the fund and deny the possibility of countries receiving grants.
Loans should be issued to countries only after certain conditions are met. Thus, in order to receive funds, certain reforms will be required, which, in fact, makes the mechanism very long and not pivotal, and most likely not viable.
Austria, represented by Chancellor Sebastian Kurz, generally rejects any attempts to turn the EU into a debt union.
Such demands of the "Lean Four" are considered unacceptable by Italy and Spain.
On Saturday, on his Facebook, Italian Prime Minister Giuseppe Conte announced a deadlock in the negotiations.
If the negotiations fail in a single European currency, the old trading rule will work: "Buy on rumors, sell on facts."
• Technical analysis (D1):
The currency pair continues to be in the global downtrend channel since September 2018, the volatility that we observed in March-April only expanded the trading range of this trend.
At the close of Friday, the euro was at the uppermost border of this trend.
Divergence is clearly visible on the daily chart.
• Indicative analysis (H4):
1. The 2nd MACD starts to reverse.
2. RSI shows triple divergence.
• Technical analysis (H4-H1):
The currency pair continues to be in an upward channel, however, it met a serious resistance zone at 1.1440-1.1450. The pair tried unsuccessfully to break it for 3 days in a row.
• Levels:
a) Supports: 1.1370, 1.1264 and 1.1195.
b) Resistances: 1.1450, 1.1560 and 1.1600.
• Forecast:
Taking into account the negative news background due to difficult negotiations, a number of indicative and technical factors, we believe that the single European currency will have to be adjusted next week.
The targets for the bearish move are 1.1370, 1.1300 and possibly 1.1264.
Market opening is possible with a gap down.
However, an unlikely bullish scenario cannot be ruled out:
If investors ignore the failure of the negotiations this week and the currency pair can still fix above 1.1470, then in this case we can expect further growth to the resistance levels 1.1500 and 1.1560.
Best regards,
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Pound — the rebound follows the rebound:Good day, dear investors and colleagues traders!
The currency pair continues to decline for the second week in a row. The trend, which was started after reaching a lower local maximum at 1.2641, found some resistance in the 1.2420 zone.
This week, the currency pair forms an upward channel after the fall, however, in contrast to the last time, in this case, there are no indicator data and volatility growth, which implies a trading figure - “Rising Wedge”.
This figure, often occurs after the fall of the asset and usually predicts the continuation of movement.
Following the results of the week: the currency pair showed a maximum of 1.2645 and closed the week +121 points.
Technical analysis:
H1
At the moment, the price chart is showing a wedge, given its behavior,
a currency pair can reach the zone 1.2510-1.2540 and from there push off to lower levels.
There are some similarities at the moment in the EURUSD and GBPUSD charts, perhaps we will see a synchronous strengthening of the dollar.
The managing director of WMCI Asset Management is Sergey Melnikov.
H4
Indicator analysis of overbought / oversold is in the neutral zone.
An indicator of price behavior is also in the “Normal price behavior” phase.
= ≥ The price is in the normal zone and maintaining short positions is an adequate trading solution.
W1
If you look at the daily chart, you can see how the price doubled off from the 200 daily moving average. Moreover, trend indicators began to decline, despite the fact that the price was trying to stabilize.
Volatility data and possible goals for the current month:
A) Average volatility:
- Weekly = 114 points;
- Monthly = 150 points;
- 3 months = 132 points;
B) Potential goals:
- For bulls = 1.2763, 1.2946 and possibly 1.3246
- For bears = 1.2280, 1.1980 and possibly 1.1797;
- Monthly pivot point = 1.2465;
! Attention, average volatility must be taken into account when placing stops, so that your order is not knocked down by market noise.
! Attention, potential monthly targets may be both final closing levels of positions and potential reversal levels.
Recommendations:
Continue to hold short positions with a break-even position.
Regards to subscribers,
Ltd. Wermelgion & Partners Investment
! Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURUSD - Down is done, when up?Greetings dear investors and traders!
The currency pair worked perfectly for the movement, which could be predicted by many mathematical indicators.
While market analysts are looking for an excuse for this movement, let's see what has changed in the technical picture last week:
Euro - formed a new maximum at 1.1019 and ended the week with an increase of ≈158 points or + 1.46%, while it overcame the global trend down and local resistance from the past triangle.
So, we see the prerequisites for the growth of the trading range and a possible increase in volatility.
Technical analysis:
H1
Given such a strong decline that we are seeing this week, it will be difficult to expect a further decline from the euro.
Price movement implies the achievement of a downtrend retest level.
At the same time, it is extremely important how the price behaves. There are 2 scenarios:
No. 1:
The pair will continue to decline to the level of retest, and from there it will begin to smoothly consolidate. If successful, the price will be able to demonstrate growth in the region of 1.1020-1.1050.
No. 2:
The currency pair will jump from the current zone back to the level of 1.0900, in this case, it will be more like a classic, indicative rebound. And when consolidating or activating sellers, we will see lower levels, possibly 1.0750.
H4
The price approaches the zone of potential purchases, but at the moment, the opening of long positions is premature.
The price has not gone beyond the framework of “adequate behavior”.
= ≥There are no signs of closing short positions yet.
W1
Global trends have not changed after the volatile months of 2020, this can be judged on the basis that the average price for 100 days does not overcome the 200-day average line.
Volatility data and possible goals for the current month:
A) Average volatility:
- Weekly = 89 points;
- Monthly = 99 points;
- 3 months = 80 points;
B) Potential goals:
- For bulls = 1.1078, 1.1211 and possibly 1.1387;
- For bears = 1.0770, 1.0592 and possibly 1.0460;
- Monthly pivot point = 1.0923;
! Attention, average volatility must be taken into account when placing stops, so that your order is not knocked down by market noise.
! Attention, potential monthly targets may be both final closing levels of positions and potential reversal levels.
Recommendations:
If you hold short positions like us, they can be transferred to breakeven, as the current week promises to be very volatile.
Purchases are possible from the level of: 1.0800, but only in case of consolidation.
Repeated sale is possible from 1.0900, but with short stops - 1.0930 and also, only in case of consolidation.
To your attention, a link to the analysis in tradingview:
Regards to subscribers,
Ltd. «Wermelgion & Partners Investment»
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURGBP --- The bumpy path to the top:Good day, dear investors and colleagues traders!
This week, the currency pair took advantage of bullish divergence and broke through the global down trend line, which it fought for the whole week.
However, the proximity to the reversal of indicators such as MACD, Stochastik and the presence of the hourly chart in a zone of high oversold, may indicate a potential down-trend retest.
The asset formed a new low this week at 0.8671, while local high is at 0.8863.
Thus, this week the asset grew by only 50 points.
Technical analysis:
H1
Analysis of the data suggests that on Monday we will most likely spend in correction to the down trend zone, from where it is necessary to wait for the bulls reaction. At the moment, it is clearly seen that the 0.8685 zone is holding back seller activity.
H4
The price has moved out of the normal price movement zone. And it fits tight to the potential sales area. However, this price analysis suggests that it is too early to open a deal.
W1
Special attention is paid to the weekly chart in which the currency pair reversal was formed.
Volatility data and possible goals for the current month:
- Average volatility:
a) Weekly = 71 points;
b) Monthly = 93 points;
c) Three-month = 81 points;
- Potential goals:
a) For bulls = 0.8849, 0.9003 and possibly 0.9089;
b) For bears = 0.8609, 0.8520 and possibly 0.8368;
! Attention, the average volatility must be taken into account when placing stops, so that your order would not be knocked down by market noise.
! Attention, potential monthly goals can be both final closing levels of positions and potential reversal levels.
Recommendations:
At the moment, we do not recommend market participants to enter the market, since there is little explicit data for entry, it will be necessary to analyze the schedule for Monday.
Regards to subscribers,
Ltd. Wermelgion & Partners Investment
! Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD - The Growing Wedge:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
The currency pair has not practically changed relative to the last close, although the pair made an attempt. The contracting range creates the classic “Growing Wedge” trading figure, which suggests a decline to 1.22-1.20.
The currency pair demonstrates the normal performance of standard indicators of price and volume.
We expect a decline to the lower border, its breakthrough and fixation under it.
This week suggests a constant news flow of macroeconomic statistics for the UK, and given global trends, they will clearly be negative.
Levels of mathematical support and resistance for the current week:
a) Support: 1.2392, 1.2280 and possibly 1.2152;
b) Resistance: 1.2634, 1.2760 and possibly 1.2874;
Market participants are strained by the growing third deficit in the UK under current conditions, but 2 negative factors can immediately add to this: uncertain Brexit and the weakness of the British economy.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
EURUSD - and again the triangle:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
In this article, we examined the technical side of the #EURUSD currency pair:
The currency pair completed the decline last week, leaving the ascending channel and forming a tapering triangle, the vertices of which you can see on the chart.
A currency pair demonstrates normal indicators of standard indicators of price and volume.
Which makes it possible to use trade both inside the triangle, and in case of breaking it.
Levels of mathematical support and resistance for the current week:
a) Support: 1.0793 and 1.0713;
b) Resistance: 1.0971, 1.1069 and possibly 1.1149;
Volatility should increase this week, as there will be very many, most likely negative statistics and all the attention of investors will be focused on the locomotive of the Eurozone - Germany.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EUR/GBP - new triangle:# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Eurgbp:
All last week, the currency pair spent in a narrow trading range sandwiched between a downtrend and a new support level - 0.8685, thereby forming a new triangle.
The currency pair demonstrates the normal performance of standard indicators of price and volume.
As a result of this, we can safely say that if the downtrend persists, the next target for the bears will be - 0.8574, which is the Fibonacci support level of 76.4% of the past uptrend.
If the currency pair can break through the downtrend and gain a foothold above it, then the first target for long positions will be 0.8745, psychological mark 0.88 and possibly 0.8883 (50% Fibonacci support).
This week suggests a constant news flow of macroeconomic statistics for the UK, and given global trends, they will clearly be negative.
Market participants are strained by the growing third deficit in the UK under current conditions, but 2 negative factors can immediately add to this: uncertain Brexit and the weakness of the British economy.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD#5:---> Hold the sell:Good day, dear investors and colleagues traders!
To your attention, an analytical look at the currency pair #Gbpusd:
Comment_for_went_week:
The currency pair spent the entire trading week in the range of 1.2475-1.2231 last which is the Fibonacci support of 23.6% of the last movement.
The asset closed the trading week with a decrease of 200 points. The coefficient R also decreased to 282 points from 1046 the year before last.
Technical analysis:
Globally (D1-W1):
We are seeing a downward channel, which began in June 2016, and received confirmation in February-April 2017. The most incredible thing is that the lower border of the channel is at around 1.06, but the question is, will we reach the next 3 months?
Locally (H1-H4):
The currency pair was in the range all week, and further movement limited the Fibonacci resistance from the movement 09.03-19.03 = 1.2510 (61.8%). And most likely, we will see new declines.
Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;
Indicative_analysis:
* Leading indicators: Left the overbought zone and sank into the normalized zone.
* Price behavior indicators: Demonstrate the return of the price to a "normal state".
* Trend indicators: show a trend-down.
Final recommendations:
We continue to hold the sale from 1.2382
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURGBP#3:--->Time To buy:Good day, dear investors and colleagues traders!
To your attention, an analytical look at the #Eurgbp currency pair:
Comment_for_went_week:
The currency pair continues to decline for the 2nd week in a row and naturally, given the past weakness of the pound, it is quite difficult to navigate the future direction.
However, some clues about the imminent completion of the decline in the currency pair are still present.
The main factor is that the asset reduced the range of the downward movement and completely left the downward channel.
The result of the week was a 119 point decrease in the Range coefficient to 252 points from 483.
• "Opinion of the managing fund"
“The pound looks like a weaker currency compared to the single European currency. The pound has a negative budget, trade and payment deficit. Weak investment activity, uncertainty around brexit, the tireless Scottish struggle for independence, all this plays against the once main reserve currency of the world.
The current crisis will only bring out all the problems that lurked behind the beautiful facades. "
Technical analysis:
Globally (D1):
Since August 2016, the currency pair is in the range indicated by the zones: 0.9310-0.9250 (Upper border) and 0.8340-0.8302 (Lower border). And the current volatility only tested the strengths indicated earlier.
Given the current situation, we can say that the currency pair will still test resistance levels that were not given at first sight.
Locally (H1-H4):
As mentioned earlier, the currency pair came out of the downward channel and it looks like it found support about 61.8% Fibonacci from the previous movement.
Mathematical resistance and support levels for this week:
~ will be available on Monday:
a) Resistance: 0.0000, 0.0000 and 0.0000;
b) Support: 0.0000, 0.0000 and 0.0000;
Indicative_analysis:
* Leading indicators: Demonstrate the potential purchase opportunity for a currency pair.
* Price behavior indicators: Demonstrate the return of the price to a "normal state".
* Trend indicators: show trend-down which are shown on local charts.
Final recommendations:
We recommend potential purchases of a currency pair, from current levels with a specific stop:
close the current position if the 4-hour candle closes below 0.8730.
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURUSD#5--->Waiting to buy:Good day, dear investors and colleagues traders!
To your attention, an analytical look at the currency pair #Eurusd:
Comment_for_went_week:
The currency pair demonstrates excellent volatility which cannot but please speculators. If the week before last was marked by an increase in the euro by 452 points, then this week the currency pair fell by 330 points.
This week is characterized by a weakening euro by 2.96% and a decrease in amplitude to 374 points (R.coef) from 515 points.
"A decrease in volatility may turn out to be a temporary factor, since market participants must correctly evaluate all the monetary incentives received. However, in the short term, the demand of investors for liquidity like M1 will play a decisive role."
Technical analysis:
Globally (D1):
The increase in volatility has not changed the global picture in the currency pair. We got an extension of a previously downstream channel.
Now, the downward channel range is 8 figures, but according to incoming data, we should see the attenuation of this amplitude.
We expect the currency pair to be configured to test the downward border at 1.06.
Locally (H1-H4):
The pair is moving in a downward channel, breaking the up-trend of last week and now the movements are due to correctional Fibonacci levels.
Mathematical resistance and support levels for this week:
a) Resistance: 1.1470;
b) Support: 1.0615;
Indicative_analysis:
* Leading indicators: Demonstrate the potential for buying a currency pair, but this is only the first hint of a reversal.
* Indicators of price behavior: The price is returning to "normal", however, for an accurate decision to be made, it is necessary to see the situation at 9:00 Moscow time.
* Trend indicators: show trend-down which are shown on local charts.
Final recommendations:
If the price shows stabilization at the opening of trading on Monday at 9:00 Moscow time, our short positions will be liquidated and we will try to open long positions with short stops.
If the market continues to decline at the opening of trading on Monday, we will continue to hold our sale on the currency pair from 1.1080.
The positions of the WMCI Asset Management Indirect Management Fund are always available for online monitoring.
If you are interested in cooperating with us and also if you need a link to public monitoring, please contact us by email: wmci.messagecenter@gmail.com.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
USDCHF#4--->Time to Sell:Good day, dear #investors and colleagues #traders!
Your attention an analytical look at the currency pair #Usdchf:
The asset closed the week with corrective growth, adding 135 points or + 1.45% as a result of the close.
Range coefficient also rose slightly to 390 points.
#Technical analysis:
Globally (D1):
The currency pair begins to consolidate at the lower border of the downward channel and if today closes below 0.9480, it can be argued that the asset has found its resistance zone.
Locally (H1-H4):
For the pair, the weekly resistance that it found at the lower border of the downward channel is extremely important. Moreover, the average trend is also starting to turn south.
The resistance zone for the asset is 0.95-0.9550.
Mathematical resistance and support levels for this week:
a) Resistance: 0.9660 / 0.9808;
b) Support: 0.9420 / 0.9720;
#Indicative_analysis:
* Leading indicators: These fund indicators currently show a normal state, although close to the potential sales area.
* Price behavior indicators: These fund indicators demonstrate that the price demonstrates the possibility of opening short positions.
* Trend indicators: At the time of writing, they are close to a reversal.
Bottom line: It is possible to open short positions from 0.9490 to 0.9525 with #stoploss 0.9580 and #takeprofit 0.9250.
!The Fund reserves the right to change trading levels, #stoploss and #takeprofit levels without notifying subscribers on social networks.
Participants can track data in the public monitoring of the fund.
For # traders we provide a service - copying transactions from our trading account.
(You can start at $ 155)
For # investors, we provide a service - account management.
(You can start at $ 155)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com);
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPJPY#4--->Waiting buy:Good day, dear #investors and colleagues #traders!
Your attention an analytical look at the currency pair #Gbpjpy:
The currency pair ended the week with a serious decrease of 470 points or -3.42%. Range coefficient rose 274 to 596 points.
#Technical_analysis:
Globally (D1):
The currency pair came close to the zone of global support: 130-127. Moreover, we come close to the lower boundary of the tapering triangle.
Locally (H1-H4):
The asset continues to be in a downward channel, any attempts of growth are perceived by market participants as an opportunity for sales.
Mathematical resistance and support levels for this week:
a) Resistance: 133.72 / 136.22 / 137.71;
b) Support: 130.34 / 127.73;
#Indicative_analysis:
* Leading indicators: These fund indicators are currently located near the "zone of potential purchases", but can not enter it.
* Price behavior indicators: These fund indicators demonstrate that the price is outside the "normal behavior", which tells us about the inability to open positions at the moment.
* Trend indicators: Demonstrate a decline.
= ≥ Total: The fund model assumes that market participants must wait for price stabilization, and only then it is worth opening a purchase. However, we do not expect that the upward trend will continue for a long time, a fundamental analysis contradicts this.
! The Fund reserves the right to change trading levels, #stoploss and #takeprofit levels without notifying subscribers on social networks.
Participants can track data in the public monitoring of the fund.
For # traders we provide a service - copying transactions from our trading account.
(You can start at $ 155)
For # investors, we provide a service - account management. (You can start at $ 155)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com);
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPUSD#4--->Waiting buy: Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Gbpusd:
The asset ended the week with a decrease of 775 points or -5.79%. This is the worst drop of # pound, it was worse only on the day of #Brexit, if we consider modern history.
The volatility of the current week amounted to 931 points (Range - coefficient).
#Comment_by_past_week:
The currency pair ended the week with an incredible decline, and given that the euro did not suffer so much against the dollar, it should be concluded that the main reason for the fall was the spread of government bonds.
From March 9 to Friday closing, the US10 & UK10 spread widened from 0.32 to 0.58. Although these are minimal changes for an ordinary trader, these are great indicators for the bond market.
The Fed intends to lower the rate next week. Rate futures suggest a decrease in this indicator from 1.25% to 0.5-0.75% with a probability of 100%.
Moreover, there are rumors that the Fed may provide repos to banks for $ 4 trillion and lower the rate to 0-0.25%.
If this happens, the spread between the bonds will narrow and the currency pair will rise again.
#Technical_analysis:
Globally (D1):
The currency pair came close to the global support zone 1.23-1.20 from where the pair was in constant demand.
The likely place to buy may be zone 1.2178.
Locally (H1-H4):
The currency pair is falling in the downward channel, breaking 2 times over the past week, first on March 12, then on March 13.
Now, if the current quotes have already shown the bottom, then you can use it to build the Fibonacci.
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, demonstrate the presence of a currency pair in the "zone of potential purchases."
- Indicators of price behavior: At the close of the trading week, indicators of fund price behavior demonstrate the exit of a currency pair from "Normal price behavior".
- Trend indicators: At the close of the trading week, the stock trend indicators show a steady downward trend.
=> Total: All indicators indicate extreme oversold currency. Thus, we will use any stabilization or growth of the currency pair as an opportunity to open long transactions.
You can see the exact purchase prices at our signal or in our social networks.
For traders we provide a service - copying transactions from our trading account.
(You can begin from 155 $)
For investors, we provide a service - account management.
(You can begin from 155 $)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURUSD#4--->Time to buy:Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Eurusd:
The asset ended the week with a decrease of 183 points or -1.63%. The volatility of the current week is 427 points (Range - coefficient).
#Technical_analysis:
Globally (D1):
The currency pair is our resistance from the Fibonacci level of 1.1452 (38.2%) from the movement in January 2018 - February 2020. At the moment, the pair has returned to the downward channel, but we do not realize that it matters in the current volatility.
Locally (H1-H4):
If you want a comprehensive picture.
A currency pair is moving in a downward channel on the hourly chart. From February 19 to March 9, we must ensure compliance with the necessary Fibonacci conditions.
After we conducted them, we can immediately draw attention to the fact that our support is at 1.1080 (61.8%). She was also on Friday.
In this moment, we see a broad Double Bottom figure. With a primary target of 1.1250 and a secondary target of 1.1500 and possibly further.
By tradition, we call the weekly support and resistance zones:
A) Supported: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund, showing the emergence of a currency pair in the "Zone of potential buyers."
- Indicators of price behavior: stock prices demonstrate the exit of a currency pair from the "Abnormal price behavior".
- Trend indicators: at the close of the trading week, trend indicators show a steady trend down.
=> Total: All indicators indicate that the data have a good opportunity to buy a single European currency against the dollar.
If the market opens without a big gap, then the price will be either 1.11-1.1080 with extreme #stoploss * 1.0980 and #takeprofit 1.1250.
In the case of a consolidated downward movement, we will close positions that should not trigger a stop order.
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com) ;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
* Extreme stoploss - stop loss intended in case of sharp price fluctuations.
EURGBP#2:--->Waiting for sell:Good day, dear #investors and colleagues #traders!
Your attention to the analysis of the currency pair #Eurgbp:
The asset ended the week with an increase of 377 points or + 4.36%. The euro has been growing against the pound for the 4th consecutive week, following the results of this trend rising by 750 points or 9.03% since February 18.
Current volatility is 389 points (Range - coefficient).
#Technical analysis:
Globally (D1):
The currency pair formed a double bottom on the daily chart and decided to reach the maximum - 0.9323. The intermediate resistance zone is 0.9080;
Locally (H4):
The currency pair left the ascending channel, breaking its upper line. Heading almost vertically towards the nearest resistance line - 0.9080;
By tradition, we call the weekly support and resistance zones:
A) Support: will be presented on Monday, at the opening of markets;
B) Resistance: will be presented on Monday, at the opening of markets;
#Indicative_analysis:
- Leading indicators: At the close of the trading week, leading indicators of the fund demonstrate the entry of the currency pair into the "Zone of potential sales."
- Price behavior indicators: At the close of the trading week, the fund price behavior indicators demonstrate the currency pair entering the “Abnormal price behavior”.
- Trend indicators: At the close of the trading week, the fund trend indicators show a steady upward trend.
=> Total: All indicators indicate that at the moment, the price has entered the zone of potential sales. Our fund will expect price consolidation or correction to open short positions with possible targets of 0.8812 and possibly 0.8730.
#Orders:
Opening short positions is not recommended at the moment.
If you open a position on this instrument, we will inform you of the transaction parameters.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
NEWS For Subscribes:Good day, dear investors & Traders!
We decided to change all our technical analyzes.
Now we will provide separately:
A) Technical analysis and warrants;
B) Fundamental analysis and global trends;
Thus, we can provide you with more financial instruments.
Please take this action with understanding.
In general, let's vote in the comments?
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
XAUUSD#F1---> Fundamental analyticsGood day, dear investors and colleagues traders!
Your attention #analytics view on #Gold / #Xauusd:
#Comment_to_current_ situation on the asset:
A landslide drop in quotes. After all, stock indices are the same as they have been for 30 years, and gold is absolutely not in demand.
Central banks are lowering their rates, increasing quantitative easing programs, and gold is falling evenly.
This behavior is easily explained by 2 factors:
1 - Technical factors and we will talk about them below.
2 - Reduction of the positions of stock, banking and other persons to cover losses from current prices of stock assets.
Many investors have very serious investment rules.
Such as share:
- The share of one instrument in the portfolio;
- Maximum drawdown;
- Risk hedging rules (complete disposal of assets / hedging through the purchase of put options);
! (Not to be confused with binary options)!
- Investment rules;
- investment tools;
Both stock prices and product prices, or simply balance the portfolios.
In the face of all the factors for the growth of gold.
#Technical_comment_to_current_ situation:
Having examined the global D1 chart, we can see the most classic 5-wave movement. From August 15, 2018 and at a price in 1159 to the present day with a peak for 1703.
To date, we have already received an objective correction to point A, which is until the moment when we have to trample at the levels of 1560-1580.
Wave B is ready by 1640.
However, this is the most unlikely scenario to date. Since fundamental factors contradict him.
Most likely, we will see that gold prices at new highs fell to 1480-1400.
#Fundamental_analysis:
To get started, we want to provide some important facts:
For this month, the rate was reduced:
- Bank of England (#Boe) from 0.75% to 0.25%;
- US Federal Reserve (#FED) c 1.75% to 1.25%;
- Bank of Canada from 1.75% to 1.25%;
- Reserve Bank of Australia (#RBA) from 0.75% to 0.5%;
Additional incentives have already begun to provide:
- Bank of China (#PBOC) (reduction of reserve requirements, issuance to affected companies, loans at a minimum rate.)
- The ECB (#ECB) increases the cost of the program by $ 120 billion (QE from the ECB), providing TLTRO by -0.75%.
As we see, the largest world prices are reduced in percentage terms and are economically liquid.
Moreover, we have the opportunity to reduce the rate to 0.25-0% and have already begun to provide banks with liquidity in the amount of $ 1.5 trillion.
The ECB should begin quantitative easing (QE4) and provide banks with even additional liquidity.
A decrease in the range of 0.5-0.75% is expected with a probability of 100%.
Precious metals prices should begin a vertical take-off.
If gold can be traced over the past 20 years, then, what from a protective asset, gold begins to turn into a speculative asset, similar to # DOW30. He is certainly falling now.
This rule was violated only if he had to ban trading operations, and they had to liquidate their positions in the period from September 3, 2012.
#Bottom line: if we really succeed in the US, we will see that gold prices and their growth will be stable.
Waiting next FED, waiting QE4.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
EURUSD#3--->Time to sell:€ / $
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Eurusd:
#Comment for last week:
The paragraph above (+ 2.35%) relative to the previous close of the week. The dollar was literally knocked out by an unexpected, unplanned Fed interest rate cut.
Many market participants note that the Fed is strengthening its pigeon position on March 18 and further reduced the rate by 0.25%.
We have relied on further actions that will look that gave a preemptive strike.
Meanwhile, the #ECB, on the contrary, can take over the relay race it started from the Fed. Despite the fact that the ECB rate is at a minimum level of 0%, we can all see unprecedented measures, and the bank will be able to enter the negative funding zone. The basis of the export-oriented economy of the eurozone is Germany.
In addition, it is important that the EU does not agree with such a competitive advantage as a weak dollar.
An important factor for understanding further actions from the Fed
- Salary growth: + 3%;
- Job growth in the economy: 273,000;
- unemployment rate: 3.5%;
All major macroeconomic indicators showed that the Chinese economy received a strong blow from #coronavirus.
We believe that the US economy may even overheat the US economy through risk.
#Technical analysis:
Globally (D1):
The euro has overcome the downtrend, which has been in force since August 18, 1.12. Therefore, we have the opportunity to get further development.
The next such goal is a direct level of 1.1453 (38.2%).
Locally (H1-H4):
The rising pair continues to be in the rising channel.
By tradition, we call the weekly support and resistance zones:
A) Support: 1.1094, 1.0899 & 1.0770;
B) Resistance: 1.1418, 1.1549 & 1.1744;
#Orders_and_position:
- Leading indicators: Current prices tell us about extreme overbought.
- Indicator of price behavior: this means that the moment of opening control transactions has not even come.
#Deal: Potential sales.
We will look for potential points in sales.
Caution, prices must change.
!The Fund for Indirect Investor Funds Management (WMCI Asset Management) reserves the right to trade at the level of stop loss and take profit, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.