Doing zoom to the previous chart in order to to analyse better the next move
After seeing the sterling pound very strong against USD in terms of commitment in the past two months, reaching 1.3500 key level, two weeks ago this pair started a big drop due to macroeconomic issues related to Brexit agreement and COVID-19 development. Always that there´s some type of uncertainty, investors try to safe their money in non-risk currencies and...
Typical Head and Shoulders pattern, ready to brake last donwtrend line so that it can reach the clavicular line. Good luck traders
After rebounding with the major support, now the pair is doing a pullback in the downtrend line that was following until the breakout. Now we expecto high volume in this area so that it has power to get to higher key level.
Last week Gold pushed all the way up ending at the zone of 1735-1740, traspassing a very important resistant. Although this, the last candle is showing a possible reversal movement willing to touch again lower level (doing a pullback) so that finally it carry on up easily with no obstacles seeking the area of 1755-1765.
Wait to confirm the next move observing some rejection candles on this zone. If you take a look at the last candle, the sellers gain the match resulting a big and strong bearish candle so its better to wait until price decides to turn by itself. Good luck traders!!
Confirmation is needed to get on time this entry!! Good luck traders
Using Bollinger Bands we can analyze how the price is behaving thanks to the incorporated MA ! Good luck traders!!
SP 500 is measured with Fibo of the last strong downtrend of 30%. We can see that thanks to a strong rebound we can observe that the price wanted to confirm reaching upper levels, after breaking MA 100 and MA 200. Although this, the price is climbing in a sort of uptrend channel and now is in the upper line of this. Is early to confirm a short trade cos we didn´t...
After ¨the great fall¨ starting on Feb, this pair began to rise fast making a V rebound-type. After this, we can measured the following movements by waves. Wave A arrived to the 50% Fibo Level of the hole crash trend. Then, the price started a lateral movement making a possible bullish Flag pattern. Finally the price has broken the rectangle and now is pointing...
Huge power in AUD since the last weeks. After breaking MA 100 and doing a double bottom in 50.0% Fibonacci, the price has get to the 61.8% zone climbing easily. You can spot an ABC Elliot Wave, representing wave C for the actual movement. Good luck traders
We are seeing the expected rebound starting on MA 200 in daily frame (last photo). Because of that, is the perfect moment to open our FIBONACCI to analyse with knowledge the next key levels. This technical instrument is very powerful to measure movements, such us impulses and retracements. All of the sharks are looking at it right now. Tip: The majority of the...
Saying the same information as H4 pronostic, but with a better perspective.
After seeing a financial crash in all main indices this week, on Friday after Powell suggested to increase the monetary bazooka to help USA economy, NASDAQ index turned up ending in positive after suffering tremendous losses (impulse matching with 23.6% Fibonacci in daily frame). We are expecting to see a strong bullish retracement on the following days or weeks,...
After breaking the support zone of 1.2900, this pair is looking now new lows. We don´t discard new buyers pushing trying to reach again the lost support. A pullback in that area will confirm our entry. Good luck traders!