Stuart_Cowell

Stuart_Cowell

The market moved rapidly to the upside. Possibility of retracement in this volatile environment is now forming. As per the Fibo retracement tool. Arrow shows the 61.8 Fibo level that the index might retrace to. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

Finally we see that after the ECB conference the EURUSD has finally put a stop in the downward movement after finding important support levels. Will this be the chance for catching the retracement? The arrow shows the 61.8 Fibo level at which the market could retrace. This is the most probable scenario for the day if we do not see any surprises to the downside....

Stuart_Cowell

After the announcement about intended unchanged BOJ rate today, the Japanese yen fell dramatically. A retracement is possible since the market seems to experience an interesting resistance on the USDJPY chart. As per the arrow back to the 61.8% of the total move. __________________________ Information Regarding Important News and Figures can be found here in...

Stuart_Cowell

Yesterday the NAS100 underperformed with a great downward rapid movement. It is an apparent reversal after a long upward path. It is Friday and we are not expecting much activity after the NYSE opening, however it is expected that a retracement will take place after this reversal. As per the arrow, back to the 61.8 Fibo level....

Stuart_Cowell

The U.S. stock market is on the upside after a strong appreciation. The index moved rapidly upwards following the 1% reported drop in annual inflation for the U.S. the market participants expect obviously a revision in policy. Will hikes take place or not? The market does not think so, let's see. A retracement for today is possible before the uptrend...

Stuart_Cowell

Gold price has been moving more towards the upside lately due to dollar weakening. It seems that it has already broken some important resistance levels there but has not yet made a good move on the upside. Further broken resistance levels might cause it to jump. __________________________ Information Regarding Important News and Figures can be found here in...

Stuart_Cowell

GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and...

Stuart_Cowell

Fibonacci Expansion is used to identify the potential retracement level at 61.8%. The pair is expected to fall after breaking the support levels providing more evidence of a further downward movement. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

BOE's Bailey stated that Inflation is way too high above the 2% target indicating that BOE is committed to hike again. The market reacted to the announcement with an intraday shock, causing the GBPUSD to jump. Retracement is probable since we do not expect further GBP appreciation. P.S. 1.618 is actually the 61.8% of the upward movement and 61.8 Fibo retracement...

Stuart_Cowell

EURGBP just broke a support. Further drop is possible until the next support. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your...

Stuart_Cowell

GBPUSD has been rapidly moving downwards due to GBP depreciation. There are no significant Schedule releases today to support such shock so retracement back to the 30-period MA is quite possible. The key question here is: is this the end of the movement downwards. Is this the final support level of the day? __________________________ Information Regarding...

Stuart_Cowell

The EURUSD is moving upwards steadily. It potentially broke a significant resistance and now could probably move further upwards towards the next resistance at 1.10 __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly...

Stuart_Cowell

The USDJPY is moving upwards breaking resistance levels. It is quite possible that the next resistance is at near 143.10 __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk....

Stuart_Cowell

H4 Chart the market is retracing as it seems for the pair. AUDJPY Fibo tool used to identify the comeback. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is...

Stuart_Cowell

The employment data for the UK turned out positive for the GBP. The number of people in employment increased to a record high in the latest quarter. The GBP appreciated greatly against the EUR today and since its already late, the end of the movement might be here. Retracement back to the mean is expected and as depicted on the chart. However, low activity...

Stuart_Cowell

NAS100 dropped yesterday after 17:00. It is possible that we see a retracement today as per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible...

Stuart_Cowell

XAUUSD has moved rapidly downwards yesterday after 17:00 (GMT+3) when the USD appreciated greatly. It has not yet fully retraced to the expected 61.8 FE level after finding significant support. As indicated on the chart, breaking the resistance is essential for a confirmation of a further retracement back to the 30-period MA....

Stuart_Cowell

Gold has settled near 1964 USD/oz and is now currently in a consolidation phase. There are important support and resistance levels to consider. Resistance: 1967 USD Support: 1955 Breaking either of the levels above will push probably the price to the next designated green level. __________________________ Information Regarding Important News and Figures can...