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EURSGD DIVING DEEP TO TARGET 1.5441 61.8 FIB

Charts timeframes used in this technical analysis: Monthly and Weekly.
Indicators used in this technical analysis: ADX indicator+Momentum indicator+Fibo retracement levels.
EURSGD Strong Momentum sell-off has been triggered by more than one indicator which gives us more reliable and confirmed signal on what direction the EURSDG is going to take for the 1 st of October.
it's predicted for the pair due to my technical analysis that 1.5441 is the next target, as the EURSGD is getting closer to the …
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A correction is likely in USD/CAD.

Daily Charts
Min-Max(30): USD/CAD is forming the higher Min-Max values from May 2018 onward.
Price Channel: It is in upward sloping formation where USD/CAD is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where USD/CAD is approaching the upper line.
Andrew's Pitchfork: It is in a upward sloping formation where USD/CAD is finding support on the lower line.
Monthly Chart
Fibonacci Retracements: USD/CAD has started to rise again aft…
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Vaibhav27 avatar

The Bank of Canada raised it's interest rate by 25 bps to 1.5%, on July 11th 2018. It is the second increase this year pushing the key overnight rate to it's highest level since 2008 as uptick in inflation and strong economic data continues to underpin the bullish view on Canadian economy. If looked closely, domestic spending is being affected by rising interest rates and tighter mortgage lending guidelines. However, on export front the global demand remains strong and commodity prices are higher which is aiding the business investment.

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The consumer price inflation in Canada touched the six year high of 2.5 % (YoY) in June 2018. Higher prices for gasoline and food purchases from restaurants have been cited as the major driving factors behind the rise of CPI. Rise in transportation prices along with sustained increases in cost of food ,shelter; recreation, education and reading; clothing and footwear; health and personal care ; and alcoholic beverages and tobacco products is being reflected in higher inflation levels. However, there was some respite from price rise in household operations, furnishings and equipment.

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The unemployment rate in Canada rose to 6.0 percent in June 2018 from 5.8 percent in the previous month of May. A significant rise in labor force by nearly 76 thousand while the economy added only 31.8 thousand jobs resulted in the rise in unemployment rate. Employment increased in Ontario, Saskatchewan, and Manitoba whereas not much change was seen in the other provinces. Goods producing industries, mainly in construction, natural resources and manufacturing remain providers of jobs. Meanwhile, employment fell at some of the service producing industries.

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CAD/JPY is likely to consolidate.

Daily Chart
Min-Max(30): CAD/JPY was forming the higher Min-Max values from April 2018 onward, However a new min value has been marked this month.
Price Channel: It is in a upward sloping formation where CAD/JPY is forming higher highs and higher lows.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where CAD/JPY is finding resistance from the middle line.
Andrew's Pitchfork: It is in a downward sloping formation where CAD/JPY has taken support from the middle line and…
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Vaibhav27 avatar

The Nikkei Manufacturing PMI of Japan was at 53.0 in June 2018. Output and employment have increased at comparately faster rates in June as optimism surrounding the output growth over the coming 12 months remains strong. In contrast, new orders moderated to register the lowest pace of growth in last ten months. Increased costs for oil and metals has pushed the input price inflation to a three-and-a-half year high.

Vaibhav27 avatar

The Bank of Canada raised it's interest rate by 25 bps to 1.5%, on July 11th 2018. It is the second increase this year pushing the key over night rate to it's highest level since 2008 as uptick in inflation and strong economic data continues to underpin the bullish view on Canadian economy. If looked closely, domestic spending is being affected by rising interest rates and tighter mortgage lending guidelines. However, on export front the global demand remains strong and commodity prices are higher which is aiding the business investment.

Vaibhav27 avatar

The consumer price inflation in Canada touched the six year high of 2.5 % (YoY) in June 2018. Higher prices for gasoline and food purchases from restaurants have been cited as the major driving factors behind the rise of CPI. Rise in transportation prices along with sustained increases in cost of food ,shelter; recreation, education and reading; clothing and footwear; health and personal care ; and alcoholic beverages and tobacco products is being reflected in higher inflation levels. However, there was some respite from price rise in household operations, furnishings and equipment.

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My today's trades.


Today it's been a profitable day so far. The short trade in EUR/GBP which I had taken yesterday, is giving good profit as EUR/GBP has moved down after the UK's PMI data.
In USD/CHF I spotted a lower lows and lower highs formation, using which I have decided to short sell USD/CHF @ 0.9890 for a target of 0.9830 with SL of 0.9920. I am expecting it to move downwards in next few days.
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GBP/JPY, Viewing for next week

Dear you guys,
This pair has been broken the down trend and retested at 144 already. We consider to buy at retrace of fibo 50 and 61.8.
In case price is not retested, my idea is invalid.
Trade with your care.
Good luck !
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USD/CHF, short with retrace of 50-61 fibo

Dear you guys,
Price has been broken the trendline of H4. We can consider to short after price come to fibo of 50.0 - 61.8.
In case price breaks above 0.995, my idea is invalid and we consider to long.
Trade with care.
Good luck !
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GBP/CHF

HOLA BUENOS DIAS, HOY VAMOS A ANALIZAR EL PAR GBP/CHF QUE ESTA LLEGANDO A UN SOPORTE INTERESANTE. COMO VEMOS NE EL GRAFICO DIARIO EL RPMER SIO INTERESANTE PARA BUSCAR UN LARGO RONDARIA POR LA ZONA 1,3500-1,3480 Y COINCIDE CON EL RETROCESO DE FIBO DEL 38,2% ( FIBONACCI DE TODO EL SWING COMPLETO). EL SEGUNDO ESTA UN POCO MAS ABAJO EN LA ZONA DE 1,3380-1,3340 DONDE TAMBIEN COINCIDE CON EL 50% DE FIBO. COINCIDIENDO CON LA DEBILIDAD DE CHF Y LA CERCANIA DE SOPORTE DE GBP/USD ( 1,3480-1,3460) CREO QUE…
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GBPUSD Forecast

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EUR/JPY may consolidate.

Daily Chart
Min-Max(30): EUR/JPY is forming the lower Min-Max values from February 2018 onwards.
Standard Deviation: It is in downward sloping channel where EUR/JPY has broken above the middle line.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in expansion phase where EUR/JPY is approaching the middle line.
Andrew's Pitchfork: It is in a upward sloping formation where EUR/JPY is finding support on the lower line.
Monthly Chart
Fibonacci Retracements: EUR/JPY has started to rise again af…
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Vaibhav27 avatar
Vaibhav27 23 Maio

The Japanese GDP contracted 0.2 % in the quarter ended March of 2018 which was the first contraction since the fourth quarter of 2015. Declining private demand coupled with flat households consumption was the major contributor to contraction being experienced in Japanese economy. GDP growth rate didn't see any helping hand from public demand either as both government consumption and public investment showed no growth. However, net external demand contributed positively to GDP growth, as exports rose 0.6% compared to rather softer 0.3% rise in imports this quarter.

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EUR/GBP is likely to rally again.

Daily Chart
Min-Max(30): EUR/GBP is forming the lower Min-Max values from March 2018 onwards.
Standard Deviation: It is in downward sloping channel where EUR/GBP is approaching the lower line.
Weekly Chart
Bollinger Bands(20): Bollinger Bands are in contraction phase where EUR/GBP is finding support on the lower line.
Andrew's Pitchfork: It is in a upward sloping formation where EUR/GBP is finding support on the lower line.
Monthly Chart
Fibonacci Retracements: EUR/GBP has remained within a narr…
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Vaibhav27 23 Maio

The United Kingdom Inflation rate declined to 2.4% in April of 2018 from 2.5 percent in previous month of March. A significant deop in cost of transport is easing the inflationary pressures in UK's economy.  A sharp slump of 7.9 % in air fare has reduced the cost trasport for passenger travel as well as cargo freight. Other sectors in which the inflation fell includes food and non-alcoholic beverages, namely meat; clothing and footwear; and health care services. On the contrary price rise is being seen in areas of economy such housing and utilities; education , recreation and culture.

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