Stuart_Cowell

Stuart_Cowell

EURGBP is going down today as it continues to break support levels. The chart has not formed a "head and shoulders pattern" just yet. The arrows show the potential moves. __________________________ 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

Another opportunity for retracement might be with USDCHF The fibo tool fits perfectly with the market to move slowly during the day for now. The next step is to wait until a break of 0.94100 support level to provide more push downwards towards the 61.8% of the whole move. The only problem is the speech at 17:00 GMT+2 in which Fed Chair Powell Testifies. This...

Stuart_Cowell

EURUSD has fallen heavily yesterday, an obvious shock from the Federal Reserve Chairman Jerome Powell speech at 17:00 GMT+2 "Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated" Source: www.cnbc.com This gives rise to retracement opportunity. However, this has to be treated with caution since there is still room for the...

Stuart_Cowell

The pair seems to have broken a triangle upper limit. The next resistance estimated to be 0.9965. __________________________ 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...

Stuart_Cowell Updated 

The GBPJPY was caught trading in range. The market is not probable to trade in range for so many days and is quite possible that today will see a breakout upwards. The Fibonacci retracement level 164.00 is the next estimated resistance level as indicated by the green arrow, if there is a break of range at 163.70. __________________________ Information...

Stuart_Cowell Updated 

All Technicals show EURUSD expected upward move There seems to be a significant resistance at 1.0695 that if it breaks it would be a Long move. However, it needs caution because of the previous resistances 1.0705 for example that might cause the price move upwards to stop. Next stop after that is estimated to be 1.072. __________________________ Information...

Stuart_Cowell

The Index has been moving rapidly upwards and over the MA50. This is an indication of Trend reversal and it will possibly move upwards in the medium-run. However, it is estimated to move as previously within a channel. That is why it is expected that it will first return to the mean. Retracement to the 61.8% of the total move is shown with the second green...

Stuart_Cowell

This is an interesting pair. The last few days it experienced a shock because of important figures coming out. A period consolidation followed showing some signs of retracement. However the retracement was short and not corresponding to the size of the shock. The Fibo retracement tool shows that there is room for more. The arrow shows where the pair might be...

Stuart_Cowell

The Pair has formed a Triangle that was recently broken and the price is moving downwards. The green arrow shows the next support that was formed taking into account the size of the triangle. There a re no major news affecting this pair so we expect the pair to move in one direction today. __________________________ Information Regarding Important News and...

Stuart_Cowell

The day is not filled with important news announcements giving room for the pairs to create trends. This pair has formed a rising wedge that has just possibly broken downwards. The green arrow is showing the estimated path and the next possible support. __________________________ Information Regarding Important News and Figures can be found here in our...

Stuart_Cowell

The EURUSD has rallied the whole day. This is an unusual move for the pair. Considering that the news (ISM Manufacturing PMI) at 17:00 will not significantly impact the market, it is possible to have the retracement back to 61% of the total move as depicted by the green arrow. __________________________ Information Regarding Important News and Figures can be...

Stuart_Cowell

It seems that the NASDAQ 100 CFD price move has experienced a consolidation phase. A consolidation is a period of range-bound activity after an extended price move. Consolidation illustrates the lack of a trend in a particular trading range. It is proved from the historical data that such phase does not last for 2-3 days. A Breakout upwards might cause the...

Stuart_Cowell

It looks like that the EURJPY has formed a triangle during the day. Since there are no significant resistances it is expected that the price will move towards the level 145.75 __________________________ 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

A triangle formation is visible and the breakout upwards is apparent. After breaking the resistance 1.7745 the market is expected to complete the journey upwards to the next resistance as per the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

0.9925 is the potential resistance after the recent break of EURCHF. Core PCE Price Index m/m today figures might have an effect but possibly upwards. __________________________ 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

Looks like a Triangle formation for EURGBP. The truth is that after the important news on the 21.02.2023 related to Flash Manufacturing PMI for the UK the GBP gain ground against the EUR. After those figures the pair has been stabilizing and we observe this low volatility for 2 days now. If the triangle breaks upwards or downwards it will potentially move to...

Stuart_Cowell

Just broke the Resistance. Possibly going towards the next 0.936 support level. This took place after the Prelim GDP q/q 2.7% and Unemployment Claims figures. __________________________ 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

Today the market for USD pairs is slow and not so volatile. However the AUDUSD has potential of moving greatly if it breaks the important support of 0.6812. Breakout of that level would potentially lead to 0.680 as shown by the arrow. It is important to wait for the FOMC Meeting Minutes report that will take place at 21:00...