VIP_Trading_Technologies

VIP_Trading_Technologies

Hi folks: Support trendline has been hit twice on today's session. We need to break out below to speed up to 75 bucks area. As long as the current situation remains, just take your trades between the said parameters (inside the trendlines) and all the best. Cheers.

VIP_Trading_Technologies

Hi folks: Here's my view for this pair. Possible bear flag inside a descending channel. If we break out then we will revisit the 1.19 area, otherwise target remains unchanged at 1.11 in the long run. Cheers.

VIP_Trading_Technologies

This week was necessary to pullback from the record high of recent years and after 9 weeks of green candles. This week looks like it will end up in red but do not kill the bulls yet. All the efforts done by OPEC+ to prop up prices won't be easily gone unless a new spread of covid or Iran sanctions are waived. Fundamentals remain tight or at least that is what...

VIP_Trading_Technologies

I had this two possible scenarios from my previous chart. After breaking up the support, we are heading to the main targert and hopefully reverse from there. Cheers.

VIP_Trading_Technologies

A reversal is near but bears are trying over and over again to go lower. We just hit another support and we could bounce from here but I would not be suprised to see price dipping further to next support. We are trading at the lowest in the last 52 weeks, while the highest was 1.77. We have a very nice run on this pair ones it reverses. Perhaps ECB data may...

VIP_Trading_Technologies

Here's my view folks: On the weekly timeframe we are sitting on the support trendline of the ascending channel. On the other hand, there is an inner descending channel inside that we have to consider. We have bounced from the support and therefore I would go long from here but always have to contemplate the possible continuation of the descending channel...

VIP_Trading_Technologies

Hi folks I was contemplating this two possible scenarios and apparently it is taking the first option. I still think it will go a bit lower and reach the target (circle) in the coming sessions. Cheers.

VIP_Trading_Technologies

Hi folks. Here's my view on this pair. The HS pattern worked flawlessly and with the weakness of the EUR we could even see a further retracement to 1.52571 area. Cheers.

VIP_Trading_Technologies

Hi folks, Here's my view on this pair. My target was almost achieved much earlier than expected and bounced from there creating this ascending channel shown in the chart. If you have a look at the weekly timeframe you will see a possible HS pattern, currently forming the down leg of the Right shoulder. Let's see how this plays out. Cheers

VIP_Trading_Technologies

I believe it is time for profit taking and reverse the course back to 77 or even lower. Let's see what the big hedge funds and the money managers plan to do. Cheers.

VIP_Trading_Technologies

I was expecting a wild sessions on Friday or Monday and it happened on both days, specially today, from hitting the resistance trendline of the ascending wedge to an important correction of 2 bucks in no time. Covid cases and lower demand due to high prices and bottlenecks here and there will affect oil prices in the coming days. They pushed oil way too much and...

VIP_Trading_Technologies

Hi guys, we are currently trading inside a fully respected descending channel and currently we have developped an inner ascending channel as show in the chart. I will be taking positions based on this as long as it is truly respected. Cheers

VIP_Trading_Technologies

Ascending channel spotted and so far have been respected on both ends. Cheers.

VIP_Trading_Technologies

I have spotted this ascending channel and I will follow it as long as we keep trading inside. Previous supports turned to be resistances now. I am somehow cautious now with this pair due to fundamantal reasons as Europe has stated that won't hike interest rates in 2022 and that could be the main strength for the Kiwi Dollar to retest previous lows as well. Step...

VIP_Trading_Technologies

Dear fellow traders: As I said in my previous oil chart, there are many chances of having an important correction in the coming sessions. I believe Monday could be the big movement that we are waiting for so long. Looking at the trading volumes of the previous sessions we are having heavy volumes compared to the average and that makes me thing that the usual...

VIP_Trading_Technologies

Hi guys. This is not a call of any kind but an alert of a possible big movement in oil coming in the coming sessions. I believe tomorrow or Monday we could have a bloodbath. Look at the trading volumes, they are quite heavy compared to the average. Let's see what the big funds supporting this oil rally plan to do in the coming hours. There will be some news...

VIP_Trading_Technologies

I have to admit that I was not expecting this outcome from the technical point of view as we were into an oversold area and sitting in a very critical area where we had important supports, specially the long term trendline from 2015. Assuming this breakout the scenario seems to be completely different but in the meantime we still have three further supports to...

VIP_Trading_Technologies

Dear fellow traders. Today we hit a very strong support coming from the trendline of 2015 when the Euro plunged at its lowest. So far the purple line has held the Euro and it may confirm a reversal in the coming sessions. In the event that we trade much below the support line we will have the next support at 1.61390. We are trading slightly of the descending...