Financexclusive

Financexclusive

at the moment of writing, NGAS is at the 1.845 level and is forming an accumulation level where an upside breakout will evolve. we are closely watching for fakeouts on the top and bottom.

Financexclusive

we see on the daily fib that the price is rejected at the 618. there is strong support at the 1.07300 level which also is in line with the extension level of the Fibonacci. we can have some sideways movement around that area. after consolidation, we can expect some bullish action. with a market SSI of 2.2 at the retail-market, and an outlook of 95% long eurusd...

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CHFJPY broke today the ascending channel, tested at the 60 min chart. if the daily candle closes like this, we can expect some more downside movement and see the levels 1.10 insight. With the coronavirus in mind, it can push the nikkei225 up and push down the JPY pairs.

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with a strong AUD on the mind, we see that this pair tested the 1.0400 level which aligns with the Fibonacci level. we had last night the NZD news. like you know, AUD and NZD are moving similar to each other. I expect (with some retracements), that the price will come back to the targeted zone.

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last week, we saw a new start of the waves. today is the 5th wave (impulsive) completed. we are now entering the ABC correction pattern see also the start of the pattern: GBPUSD bullish wave chart which I posted on 11-2

Financexclusive Updated 

In my opinion, the first wave of the Eliott is started and retraced at the 618 level of the Fibonacci which is also the start of the second wave. with good numbers of the English Gross Dometic Products (GDP) and the optimism of the Sterlin, we have a chance to see a stronger GBP in the upcoming days.

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eurousd has made some multiple Lower Highs and Lower Lows. currently, we are on a channel that gains support at 1.09. if we break the channel, we can see a pushup to the 1.10 zone.

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USOIL is making a double bottom pattern at $49.50-$50.00 level which currently plays as support. The attitude of the Russians about the OPEC will probably give some direction.

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EURCAD is currently still in a sideways move which is squeezed now to the end of the descending trendline. in the upcoming days, we can expect a bullish or bearish break of this pair.

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we see a clear retracement of the .618 aligning with the second wave. the 3rd wave is the end of the Fibonacci extension. we know now that the waves are respected and came to an end. we are entering now the ABC pattern of the Eliott wave where we can expect some natural pullback. price can show some downside movement and can continue up.

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EJ has tested the trendline again and made a Fibonacci level 786 rejection. the expectation is some more downside movement in the upcoming days.

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GBPUSD is currently testing the strong support at 1.2980. the round number 1.30 has an important value for the GU in the past years. with a rising pound, I expect a bearish eurgbp aswell

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oil is at the point where it can break the channel/descending trendline. we see that the buyers have jumped it below the 50$ per barrel and now pushing the price higher, this is an intraday position which we follow carefully with a proper risk management

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we can expect here 2 scenarios 1: price will reject test the 25 cent area again. after the rejection, it will break the trendline violently and reach the 42 cents area which I highlighted in a green box. 2: price will close above the trendline, rise, test it again and then climb to the 40.42 cent level. this is interesting to watch how xrp will behavior

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we see a nice rejection of the Fibonacci levels in this pair. the general view of the pound is bullish. we saw Monday a strong selloff the Sterlin and it is now for the half recovered. my bias for the upcoming weeks for this pair is bearish

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the Dollar currency index has broken de descending pattern, retested the trendline and is now heading to the 98.50 zone which is a very strong resistance. despite the resistance, we can see a wick above the 98.50 level to create liquidity in the market. the index is now exhausted and will give in the upcoming days more heading.

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less worries about the coronavirus brings us a pullback of the us30. the price is almost recovered from the massive selloff from the last Friday. this week, we will probably see a stronger us30.

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ECH is testing the support of June 2016 and is probably develope a daily bullish engulfing candle. with the swiss currency index at the top, this is a potential long trade for the Euro against the Franc