Stuart_Cowell

Stuart_Cowell

The pair has moved rapidly upwards and finds resistance. This could be the end of the move as we approach the American Session Opening. Retracement to 61.8% is expected considering that it will be completed before the news at 15:30. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

It seems that the price of US Crude oil is breaking more resistances and moves further upwards. Not suspiring since Iraqi Supply Disruption Continues. If the fundamentals do not change, next support will be 77 USD/barrel after the price breaks the psychological level 75 USD. __________________________ Information Regarding Important News and Figures can be...

Stuart_Cowell

EURAUD has been following a rather volatile sideways path around the MA. A reversal today crossing the 30-period Ma creates a retracement opportunity. The move is possible to have ended now and the retracement to 61.8% will probably follow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

Pairs experience volatility again! GBPUSD has risen over 50 pips this morning following a reversal. Good possibility of retracement back to 61.8% if the rapid move ended at the 100% level, as indicated. Alternative scenario: Maybe it is too early to consider that the movement ended. Breaking 1.23620 resistance level would give extra push for...

Stuart_Cowell

Did the GBPUSD end its intraday upward movement? If so then the Fibo levels are as depicted and a retracement to 61.8% of the move 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...

Stuart_Cowell

US stocks have been experiencing huge volatility. Overall movements were mostly sideways despite the recent US banking crisis. While other indices overall weekly moves are downwards, US30 remains sideways. Today the index is gaining ground and by looking at things from the technical side only it looks like it is going to reach the resistance 32980 USD. Better...

Stuart_Cowell

No scheduled important figures today and the EURUSD is moving rapidly upwards after a short reversal breaking resistance at 1.8495. Next resistance is estimated to be 1.8650. __________________________ 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

EURCAD has rallied today and moving fast upwards. Time for a retracement since the market today is slow. Its possible that it will fall further to the 61.8% Fibo retracement level. Alternative Scenario: Breaking the resistance 1.48100 it will mean that it might push the pair to reach the next resistance at 1.48330. __________________________ Information...

Stuart_Cowell

Retail Sales m/m for Australia had a positive change today. That however alone cannot explain the upward and sudden move of AUDUSD. The price also crossed the 30-period MA while moving upward confirming a reversal. Retracement is probable as per the arrow. Alterative Scenario: 0.66930 is the resistance level that we thought it will be the end of the move....

Stuart_Cowell Updated 

Gold has been experiencing high volatility the past week. Overall has been gaining 8% change in value this month and has experiencing reversals in the process. Today we see a sharp drop after a reversal in price signaling the opportunity to catch a retracement after the end of the move. It might be soon but if the end of the move today is at the 100% Fibo level...

Stuart_Cowell

The Price of US Crude Oil has risen significantly the past few days. Sine the 20th March we see a rapid rise. Since the market signals the end of the sharp move a retracement is expected towards 68 USD. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

It seems that the pair broke some significant support levels and is likely to move downwards towards 1.22200 price level. It is Friday and there are PMIs today announced causing volatility supporting the view that the pair will break support and resistance levels and experience big moves. __________________________ Information Regarding Important News and...

Stuart_Cowell

Since the USDJPY pair has moved below the 30 period MA there is a good chance for retracement. However there is a resistance that might cause trouble at 131 level. Finding evidence that this level has broken indeed, the pair is estimated to move upwards as indicated by the arrow towards the Fibo retracement level (61.8% of the move backwards). Alternative...

Stuart_Cowell

US30 Just broke important resistance levels and it might be headed towards new levels at 32640. The Stock market has been extremely volatile recently and the indices show upward moves in general. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk...

Stuart_Cowell

The EURUSD has been in range for some time now. Low volatility during the morning session might be a good indicator of high volatility during the day. The next estimated resistance level is 1.0745 in case the market breaks the range resistance 1.730. The next estimated support level is 1.07035 in case the market breaks the range support...

Stuart_Cowell

USDJPY has entered in to a consolidated state and it looks like is forming a triangle. Looking forward for a triangle breach downwards instead of upwards. If it breaks upwards there are too many resistance points that might slowdown the momentum. Breaking downwards has more potential for a rapid drop. __________________________ Information Regarding...

Stuart_Cowell

Great possibility for price of US OIL to further decrease. Russia pumping more oil according to Bloomberg news www.bloomberg.com causing an oversupply. Technically we see several breaches of support levels as its price started to fall significantly since the 7th. __________________________ Information Regarding Important News and Figures can be found here in...

Stuart_Cowell

GBPUSD has been rising since 09.03.2023 having a rather volatile path. The pair entered in to a consolidation phase indicating that this medium -term shock has ended. Retracement is a possibility but we have to wait for the support break of the 1.21400 for confirmation. Breaking that support would drive the pair further down until 1.20600 at least. NOTE: 14:30...