Leonardo Barata / Blog
Background: Weak Entry reason (1st trade): Low volume up bar on resistance, with weakness behind Close reason (1st trade): Demand signal Entry reason (2nd trade): Low volume up bar and failed test Following up on last week's post about Euro/Yen, upon reaching the resistance, this pair continued t...
Hourly Trend: Down Resistance: 122.800 Support: 122.142 Euro/Yen Hourly Euro/Yen Hourly - Trend Changing...
Dynamic trend: Turned up Background: W1 – very weak; D1 – weak Phase: Markup Support: 1.066 Resistance: 1.079...
Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Markup Support: 113.60 Resistance: 116.00...
Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Markup Support: 111.80; 111.00 Resistance: 113.60...
Dynamic trend: Turned up Background: W1 – very weak; D1 – weak Phase: Markdown Support: 1.055 Resistance: 1.066...
Tomorrow, on 8th November, the US presidential elections begin. Up until now, the dispute on the presidential race between Hillary Clinton and Donald Trump has been a fierce battle. The polls have been mostly in favor of Hillary, although Trump has been gaining terrain in the last 3 months...
Dynamic trend: Turned up Background: W1 – weak; D1 – strong Phase: Accumulation Since the previous analysis, the price continues to remain in the trading range 103.17 – 104.30, with congestion zones formed in between. Point 1 was the breakup up-bar of a strong congestion zone...
Before Wednesday’s FOMC statement, USDCAD started showing supply signs above a strong zone. On the FOMC’s statement release, there was a rally, but the prices quickly tumbled, forming what we call an ‘upthrust’, on very high volume...