Stuart_Cowell

Stuart_Cowell

The pair is expected to retrace as per the arrow. US Consumer Confidence Slipped in May, Inflation expectations remained elevated pushing the USD for appreciation intraday. __________________________ 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...

Stuart_Cowell

The U.S. Stock market jumped on Friday after growing optimism that the U.S. is finally reaching to a debt deal. The NAS100 might retrace this week since it deviated significantly from the mean. Labor data this week will have an impact on stocks. That's late on Friday. For now high volatility is expected with no sharp upward moves....

Stuart_Cowell

Yesterday, the index did not break important support levels to signal that a retracement will eventually take place, unlike today. It might reverse even before the NYSE opening. Recent volatility does not technically support further rapid movements upwards without significant retracements. __________________________ Information Regarding Important News and...

Stuart_Cowell

The index has been moving upwards for days. Yesterday it experienced a rapid shock upwards as the U.S. stock market seems to have experienced this in general. The retracement could possibly happen even before the NYSE opening if the index breaks significant support levels indicated with red line. Potential movement is as per the arrow....

Stuart_Cowell

The pair experienced a reversal. The retracement back to the 61.8 fibo level is possible. __________________________ 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...

Stuart_Cowell

Considering that the index moved quite rapidly the last couple of days finding significant resistance helps us identifying the retracement level The fibo tool in trading view helps a lot since it fits perfectly. as indicated by the arrow, further break of the support at 1360 USD will indicate a potential drop. Market opening is at 16:30 for NYSE. Significant...

Stuart_Cowell

It was an unexpected decline early this morning for the EURUSD to drop as the USD appreciated. We are expecting a comeback as per the arrow reaching at the 61.8% Fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs...

Stuart_Cowell

US consumer price growth falls to below 5%, at 4.9%, lower than expected. The market reacted with high USD depreciation. Expectations of Fed pausing rate hikes remain the same possibly. It is quite quick to speculate because the market has not tested many times the resistance but for these kind of announcements sometimes the market reacts quickly on...

Stuart_Cowell

After the Labor Data for both the US and Canada, the CAD appreciated greatly causing the pair to move rapidly downwards. This shock lasted for long and was not intraday. The pair found a good support eventually showing signs of a retracement. Breaking the resistance levels near 1.33865 will probably push it to the next resistance and 61.8% retracement level as...

Stuart_Cowell

Retracement is expected after a surprise rate hike by the RBA. There is still room according to the indicator. Price is expected to go back 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...

Stuart_Cowell

Its doubtful that the market will move further upwards. The pair is moving around the mean recently. Another retracement is possible. As per the arrow. The 61.8 Fibonacci level is the next estimated target level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

Recently its price moved strangely downwards. Economists say that this is technical correction after the gap created from the OPEC+ announcements for supply cuts. Further resistance near the 77 USD level would spark the retracement to the 79.4 USD level, the 61.8% of the total movement downwards. Taking into account the commodity's volatility it is more...

Stuart_Cowell

Today is PMI release day and the pairs are volatile. The ERUGBP happened to move rapidly upwards and now its time for a come back. Using the Fibonacci retracement levels we identify the level at which the market might retrace. As per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic...

Stuart_Cowell

USOIL has been moving upwards lately. The CPI figures released yesterday have been pushing it further upwards. However there are resistance signals that the rapid movement has ended and that a retracement is taking place. As per the arrow back to 61.8%. The Fibo tool is also inline with the expectations. __________________________ Information Regarding...

Stuart_Cowell Updated 

After a rapid move upwards the pair has a good chance of retracing 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 to lose all of your...

Stuart_Cowell

EURGBP has been experiencing a sharp drop. It is expected to come back after this as per the arrow to 61.8% Fibo level. The support 0.87250 servers as a good indication that the move has ended. Alternative scenario: If the pair breaks that resistance it will probably move further downwards to the next support 0.86700. __________________________ Information...

Stuart_Cowell

GBPUSD is breaking significant resistances. USD is depreciating greatly, next resistance could be 1.26. Breaking that resistance might lead higher to 1.30. __________________________ 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 pair has been experiencing an unusual activity due to USD depcreciation. This rapid, sharp move upwards creates a retracement opportunity. If this this indeed the end of the movement then the pair should come back at the 61.8% fibo level at least. __________________________ Information Regarding Important News and Figures can be found here in our Economic...