All Blogs
EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1...
Hello traders. Brexit I'm sure you know about this. This an extraordinary event, and we certainly think it is very heavy. Because all of us love UK and Europe, and to all countries in the world...
First, a review of last week’s events: - EUR/USD. No matter how you see President Trump, the US economic policy demonstrates obvious success...
Trading is an essential part of life, and you can engage in so many types of trades. There are so many trading systems that have been developed over the years. Some were legit while others were a scam. However, Forex Wealth Strategy continues to prove that Toshko Raychev has mastered his trade...
GBPUSD: The pair continues to retain its downside pressure selling off further on Friday. Support lies at the 1.2750 level where a break will turn attention to the 1.2700 level. Further down, support lies at the 1.2650 level. Below here will set the stage for more weakness towards the 1...
Trading at the weakest range since mid-July 2018, the single currency is facing difficult times. Rumors surrounding a spill over on European banks of the Turkish lira situation being the main driver of the steep decline...
Mounting uncertainty in Europe has driven investors back into CHF. This, after steady Euro appreciation and EUR/CHF reaching the psychological 1.2 threshold, after the Swiss National Bank shifted its comment from “highly overvalued” to “highly valued” and slowed its FX intervention...
Pivot (invalidation): 6360 Our preference Long positions above 6360 with targets at 6630 & 6835 in extension. Alternative scenario Below 6360 look for further downside with 6170 & 5985 as targets...
Pivot (invalidation): 66.50 Our preference Long positions above 66.50 with targets at 67.15 & 67.40 in extension. Alternative scenario Below 66.50 look for further downside with 66.10 & 65.75 as targets...
Pivot (invalidation): 15.3400 Our preference Long positions above 15.3400 with targets at 15.4700 & 15.5100 in extension. Alternative scenario Below 15.3400 look for further downside with 15.3000 & 15.2600 as targets...
Pivot (invalidation): 1210.50 Our preference Long positions above 1210.50 with targets at 1214.00 & 1216.00 in extension. Alternative scenario Below 1210.50 look for further downside with 1208.00 & 1206.00 as targets...
Pivot (invalidation): 1.1485 Our preference Short positions below 1.1485 with targets at 1.1445 & 1.1420 in extension. Alternative scenario Above 1.1485 look for further upside with 1.1510 & 1.1535 as targets...
Pivot (invalidation): 0.9005 Our preference Short positions below 0.9005 with targets at 0.8965 & 0.8945 in extension. Alternative scenario Above 0.9005 look for further upside with 0.9030 & 0.9045 as targets...
Pivot (invalidation): 0.7395 Our preference Short positions below 0.7395 with targets at 0.7355 & 0.7330 in extension. Alternative scenario Above 0.7395 look for further upside with 0.7410 & 0.7430 as targets...
Pivot (invalidation): 1.3025 Our preference Long positions above 1.3025 with targets at 1.3065 & 1.3095 in extension. Alternative scenario Below 1.3025 look for further downside with 1.3000 & 1.2975 as targets...
Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9950 & 0.9970 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9900 & 0.9890 as targets...
Pivot (invalidation): 111.20 Our preference Short positions below 111.20 with targets at 110.85 & 110.70 in extension. Alternative scenario Above 111.20 look for further upside with 111.45 & 111.60 as targets...
Pivot (invalidation): 1.2860 Our preference Short positions below 1.2860 with targets at 1.2800 & 1.2770 in extension. Alternative scenario Above 1.2860 look for further upside with 1.2900 & 1.2930 as targets...
Pivot (invalidation): 1.1550 Our preference Short positions below 1.1550 with targets at 1.1510 & 1.1490 in extension. Alternative scenario Above 1.1550 look for further upside with 1.1575 & 1.1600 as targets...
