First, a review of last week’s events: - EUR/USD. Analysts have been talking about this for so long and it has happened: on Wednesday September 18, the US Federal Reserve lowered its key interest rate by 0.25% to 2.0...
EURGBP retains downside pressure with eyes on 0.8723 support zone. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness...
GBPAUD ANALYSIS + MY FIBONACCI TREND RIDING STRATEGY ON THIS PAIR https://rabihfx.com/2019/09/21/gbpaud-analysis...
AUDUSD threatens further weakness towards the 0.6700 level in the new week. On the upside, resistance lies at the 1.6800 level. A cut through here will turn focus to the 0.6850 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6950 level...
Setup 1HR chart Indicators: Weis Pip Wave, Weis Wave with Alert (+Speed Index) and No Demand No Supply ( https://www.mql5.com/en/users/takisd/seller) Nice 100 pips. These are the reasons why this was a short: 1. Have reached Previous Daily resistance as well as 50 Fib...
A historic full vote in the U.S. House of Representatives that might changes the US cannabis industry forever will happen later this month. House Majority Leader Steny Hoyer, a Maryland Democrat, plans to put the SAFE Banking Act to a vote before the end of September...
Risk appetite is slightly elevated, but volumes are low, after absorbing a slew of central bank policy meetings. Yesterday, Swiss National Banks, Bank of England and Bank of Japan all held policy unchanged...
The statement made by the BoE has a rather muted impact on financial markets as most market reaction is mainly driven by Brexit headlines...
Pivot (invalidation): 58.10 Our preference Long positions above 58.10 with targets at 59.50 & 60.05 in extension...
Pivot (invalidation): 17.7300 Our preference Long positions above 17.7300 with targets at 18.0000 & 18.0900 in extension. Alternative scenario...
Pivot (invalidation): 1496.00 Our preference Long positions above 1496.00 with targets at 1507.00 & 1511.50 in extension. Alternative scenario...
Pivot (invalidation): 3000.00 Our preference Long positions above 3000.00 with targets at 3022.00 & 3045.00 in extension. Alternative scenario...
Pivot (invalidation): 12380.00 Our preference Long positions above 12380.00 with targets at 12510.00 & 12580.00 in extension. Alternative scenario...
Pivot (invalidation): 5.7040 Our preference Long positions above 5.7040 with targets at 5.7270 & 5.7400 in extension. Alternative scenario...
Pivot (invalidation): 0.6810 Our preference Short positions below 0.6810 with targets at 0.6775 & 0.6760 in extension. Alternative scenario...
Pivot (invalidation): 1.3275 Our preference Short positions below 1.3275 with targets at 1.3250 & 1.3235 in extension. Alternative scenario...
Pivot (invalidation): 0.9940 Our preference Short positions below 0.9940 with targets at 0.9890 & 0.9870 in extension. Alternative scenario...
Pivot (invalidation): 108.10 Our preference Short positions below 108.10 with targets at 107.75 & 107.65 in extension. Alternative scenario...
Pivot (invalidation): 1.2520 Our preference Long positions above 1.2520 with targets at 1.2580 & 1.2600 in extension. Alternative scenario...
