Fundamental Point Of View Strong Labour data, sticky inflation and a longer than expeted rate cut from the US leading to a stronger Dollar, Commitment of traders reports shows institutions are net long on the dollar and net short on EUR,, hence a long term sell bias on EURUSD.
Bitcion has been making lower highs and lower lows and currently testing a resistance at 21000 level, a sell is expected,if the otherwise happens, then thats a break of structure and we look to buy
EURUSD currently testing a support and on a downtrwnd as sellers price in 100 basic point rate hike by the fed
Gold is currently testing a support on 1717 region after falling off a resistance from 1728, expecting a push downwards
Dollar index price action, a pull back seen on the daily time frame of which we expect a bounce of to the upside as the Fed gets aggressive with interest rate hike in order to bring down inflation
Gold price action, Sellers seems to be in control of this market as he Federal Reserve has started to shrink its balance sheet this week. Our stochastic oscilators looks over sold as our fast and slow oscilator crosses giving a sign of pullback towards our 38.2 fib retracement. a sell position would be taken from this region. Discliamer trading cfd carries high...
US500 is heading towards the 0.382 Fibonacci level at 3800, 🐻If the price breaks through this support area, the US500 will change the global trend for several years. 👌We expect to see an upside correction from the 3750 - 3850 area at least to 4200. We suggest you search for any reversal patterns on US500 in this area. Buy Entry: 3800 SL: below 3750 TP: 4200...
XNG is currently testing a resistance of 7.5 after testing a its support at 6.5 from which price was rejected to 6.9 its previous support by buyers forming a pin bar, price could break this resistence and possibly make a retest of 8.1 or fall back to 6.9 price level. Our MACD is about to cross giving a bullish momentumn. This is as a result of the embargo placed...
Gold is resting on a key support of 1850 and a move below this level woul send the yellow metal to 1830 but a retest of 1880 resistance forming a double buttom is possible as our stochastics is below our over sold region before pushing to the upside
😱Natural gas breaks above the recent high! of $8.12, which is the 161.8 Fibonacci level. Technically we need to see a retest as the confirmation of the breakout. If buyers can hold the price above $8.15 on the daily timeframe consider opening a BUY trade with the target at $10.96! Trade: BUY Entry: $8.15 SL: Below $7.77 Take-profit: $10.96 Risk-reward: 1:9😏
Bitcoin has formed a bearish triangle on the daily time frame and currently on the 37700 support region indicating a downwards pressure as our stochastics oscilator is below the 80 mark region and pointing downwards, our MACD is also pointing downwards. This is as a result of traders pricing in a 50 basic point rate hike by the federal Government in order to...
Gold bounced off the 1850 support region before moving to the upside as our stochastics indicators crossed and was pointing upwards, gold tested our 1874 resistance region and a possible retest of 1890 is on its way, if that happens, well short gold and expect price to fall from here