GBP/JPY Reversed Nicely Off Resistance, Remain Bearish

GBP/JPY Reversed Nicely Off Resistance, Remain Bearish

  GBP/JPY reversed off its resistance at 149.20 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect prices to drop to its support at 147.14 (horizontal swing low support) Stochastic (89, 5, 3) is reversed off its resistance at 96% where it has a lot of corresponding downside potential. Sell 149.20. Stop […]

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Fundamental Analysis of USD/CAD for May 10, 2018

Fundamental Analysis of USD/CAD for May 10, 2018

USD/CAD has been quite impulsive with the bearish gains yesterday which lead the daily candle to almost engulf a series of bullish and correction price actions of the previous days. Certain impulsive bearish pressure is analyzed as the reaction of the market sentiment due to worse PPI economic report published yesterday. USD has been struggling […]

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Technical analysis on Gold for May 10, 2018

Technical analysis on Gold for May 10, 2018

Gold price continues to trade sideways below the resistance of $1,320. I continue to be bullish and expect Gold price to move at least towards $1,330. Possible targets to the upside are $1,331 and $1,348. Black line – short-term resistance Red line – long-term support Blue line – long-term resistance Gold price has short-term resistance […]

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BTC/USD Approaching Resistance, Prepare For Reversal

BTC/USD Approaching Resistance, Prepare For Reversal

Reason for the trading strategy (fundamentally): The Chairman of the National Securities and Stock Market Commission of Ukraine has indicated the regulator favors a decision to recognize cryptocurrencies as financial instruments. “I think it is very timely to consider the recognizing of some crypto units as financial instruments during the upcoming meeting of the Financial […]

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