massimoscalas's Blog
GBPcad
Today we are talking about the pound / Canadian dollar, a cross in free fall for weeks, since when, the concerns related to the brexit have regained strength, after that several parties are starting to talk openly about the exit of Britain from the EU without a agreement. On the other hand, there is still uncertainty about the NAFTA negotiations involving the US, Canada and Mexico and the feeling is that the pound is destined to accelerate its fall as the end of the year approaches, the deadline…
EURusd
Today we are still dealing with the euro / dollar pair. The week just ended was marked by a lateral phase, which does not change the medium-term bearish trend. Concerns related to the unresolved issues of Brexit, the growing worries for the populist government in Italy and the Turkish crisis still present on the international scene are pushing the euro down. The weekly, shows us that after the break of the neck line of the great figure head-shoulders, we had a pullback, with the price contained …
USDCAD
Hello everyone!
Today we are talking about the Canadian dollar and the US dollar: the usdcad couple is in a state of uncertainty, conditioned by the developments in the negotiations between the Usa, Mexico and Canada, which are still stalled. The weekly shows us that the price broke a bullish cone, which could make us think of an imminent recovery of the climb, towards 1.35 and then 1.38,
but attention, the stochastic signals a divergence bearish still not confirmed by the price. Also if we look…
Today we are talking about the Canadian dollar and the US dollar: the usdcad couple is in a state of uncertainty, conditioned by the developments in the negotiations between the Usa, Mexico and Canada, which are still stalled. The weekly shows us that the price broke a bullish cone, which could make us think of an imminent recovery of the climb, towards 1.35 and then 1.38,
but attention, the stochastic signals a divergence bearish still not confirmed by the price. Also if we look…
GBPusd
The increasing tensions in view of six Brexit negotiations in September with the EU are leading to a fall in the pound which looks set to continue for the rest of the month. If we look at the monthly chart of the exchange rate with the dollar,
we immediately see that the British currency is inserted in a bullish cone, which at the moment is slow to give its effects. This is clearly a currency, the English one, undervalued, which will give sooner or later the opportunity for a very good purchase…
we immediately see that the British currency is inserted in a bullish cone, which at the moment is slow to give its effects. This is clearly a currency, the English one, undervalued, which will give sooner or later the opportunity for a very good purchase…
GBPcad
Hello everyone, today sterling again under pressure in the crosses, with gbpcad that continues the descent. The daily shows us the price that slides in the lower part of the descending channel.
I believe at this point that the couple is destined to go down again. The weekly shows us that the neck line of the shoulders head has been ampiamennte broken and we can expect a return to the minimum in area 1.6
Good luck!
I believe at this point that the couple is destined to go down again. The weekly shows us that the neck line of the shoulders head has been ampiamennte broken and we can expect a return to the minimum in area 1.6
Good luck!
EURusd and start week
Hello everyone!
This month of August is giving us an unexpected volatility in the currency markets, linked to the trade war between Trump and the rest of the world and now to the ongoing financial crisis in Turkey. In this context, the euro suffers the consequences with a decline compared to the dollar that risks turning into a real sell off. The reference chart is the weekly,
where we note that Friday the price has decidedly broken the neck line of the head clearly visible. This break, if confi…
This month of August is giving us an unexpected volatility in the currency markets, linked to the trade war between Trump and the rest of the world and now to the ongoing financial crisis in Turkey. In this context, the euro suffers the consequences with a decline compared to the dollar that risks turning into a real sell off. The reference chart is the weekly,
where we note that Friday the price has decidedly broken the neck line of the head clearly visible. This break, if confi…
GBPCAD
Hello everyone! Gbpcad always very interesting, in fact the pound is now cheap and the Canadian dollar seems to continue to be rather weak. The problems linked to the Nafta and Brexit negotiations are mixed and therefore we must always be very careful. Meanwhile, the daily shows us that we could have a couple of days of rebound.
In fact, the price has stopped at 61.8% retracement of the climb from 1.5836 to the peak of 1.84 and I expect that this rebound will go back to 50% retracement around 1.…
In fact, the price has stopped at 61.8% retracement of the climb from 1.5836 to the peak of 1.84 and I expect that this rebound will go back to 50% retracement around 1.…
EURusd
Hello everyone! Today the descent of eurusd is interrupted, the candle that goes to close on the daily seems to think of a new inversion with the lateral phase that continues.
We can therefore think of a new test in area 1.17 where the blue trend line passes. We will see .... Meanwhile, good luck!
We can therefore think of a new test in area 1.17 where the blue trend line passes. We will see .... Meanwhile, good luck!
GBPcad
Hello everyone! In a few hours we start again and I think it's very interesting gbpcad. The daily chart shows us a very large head-shoulders, which could potentially take us very far down.
Last week the price broke the blue neck line and if we look at the dotted purple line that goes from head to neck line, we realize that the descent could reach up to 1.57-54, so about 1100-1400 pips! Of course a lot will depend on Brexit and I expect a pull back in area 171 before the most important descent. B…
Last week the price broke the blue neck line and if we look at the dotted purple line that goes from head to neck line, we realize that the descent could reach up to 1.57-54, so about 1100-1400 pips! Of course a lot will depend on Brexit and I expect a pull back in area 171 before the most important descent. B…