BFCMInvest

BFCMInvest

The FOCM will begin Wednesday evening to make the market and investors understand the next moves for the short and medium term and the ECB will follow the next day. It is very likely that the euro will come out even more devalued at the end of these two days. As the European Central Bank will almost certainly show a weak economic and political scenario in the...

BFCMInvest

The price touched the support area set at 1.112 with a post-conference Draghi spike. Causing the stop loss closing on our trade. After it return immediately to the closing level of yesterday's session . Technically, this pair is in a stalemate taking the last six months as a time reference. In fact, the trend has no longer taken a specific direction, continuing...

BFCMInvest

There is a clear pattern going on here! Let's take a look at the downtrend channel first. We had something similar in the previous correction, which was if possible, sharper than this one. Th e previous one had 2 big waves, while now we already completed 3. MACD and RSI and VOLUME signal a bigger support for this second pattern, rather than the first one. In...

BFCMInvest

Is it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames....

BFCMInvest

Neo has been always one of my favourite coins so far. It has plunged more than 35% in the last week, finally touching again a solid support. I expect a sharp and quick upwards in the 13$/14$ zone soon, that's why I increased my long around these levels. Even if the support breaks, the chances for a green candle are very high. This is an optimal risk/reward...

BFCMInvest

Not the best moment for ADA so far... ADA had a great run at the beginning of march, and then it struggled in breaking the 0.10$ mark. However, both Bollinger bars and the long term trendline are screaming BUY. It could be a safe mode to get in around 0.078$ and close in the case of a clear break of the 0.07$ level. The take profit could be in the area of...

BFCMInvest

GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive...

BFCMInvest

Dear traders. Did you see our last video on BTC correction? We called a bigger correction, and here it is! For this week we don't see big dumps coming, thanks to the general bullish sentiment that is still in the market (see bitmex funding..) We will have an important signal in two days when we have to get out this horrible descending triangle, hoping that it...

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Please, leave a comment with your thoughts BFCMInvest

BFCMInvest

Is Eur/Usd like a bouncing ball ? Yes it is. The price returned above the EMA 200 daily. This only after a year and a month that continued to travel under it. At this time, however, the very short/short term scenario seems to have changed. With the break and the closure above the daily EMA200, it is very likely that this uptrend continues up to (at least) 50% of...

BFCMInvest

The price is lateralizing in this channel composed by the static support at $ 11.50 and the resistance identified by 78.6% of Fibonacci set at $ 13.15. This raw material, in the very short term, seems intent on retesting the high area of the channel just mentioned. On the weekly time frame it closed the week above the dynamic resistance identified by the EMA20...

BFCMInvest

A new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED...

BFCMInvest

The price is finally over the key dynamic support identified by the EMA200 weekly passing for $ 1269 an ounce. So now the support at 1324 dollars is a key level in the very short term. It will drive the price to the first significant increase in trading volume. It could reach directly the support at 1299 or the second resistance at 1348. Basically the most...

BFCMInvest

Is the NGas lying on the ground? So the price established a new period minimum. It is going to test the support area around $ 2.42. This area was not tested from June 2016. Technically, the main trend is strongly bearish. From the maximum recorded in the last November, the value of natural gas has collapsed by over 50%. It closing the week slightly above the last...

BFCMInvest

What is going on Eur/Usd ? So the price is undergoing a very short-term rebound. This allowed the price to return in the 1.12 area. In fact, after entering short about a month ago and reaching the first target in the area of 1,112 (as indicated in the previous analysis), the price returned again near the previous entry point. Technically, the trend still remains...

BFCMInvest

USD/JPY: time to sell. Infact the price has broken down the last key short-term static support. It is identified by 61.8% of the Fibonacci retracement and placed at 109.35. After violating both key dynamic supports on weekly time frame (EMA 20 and 200 periods). Technically the price is set to a further downtrend. It is continuing this short/very short-term...

BFCMInvest

Is silver a safe commodity ? This is the main question. In the short, maybe yes. The price of silver has once again returned to lateralize in this channel. Between static support at 14.07 and static resistance at $ 14.75 an ounce. Until one of the two is violated, the trend remains flat. So speculators will tend to trade this commodity on very short time...

BFCMInvest

Technically the gbp/usd is strongly bearish. It is intent on setting new period lows. The price, after having broken down the channel composed by the support ( 1.28 area ) and the resistance ( 1.32 ) has started this very short-term downtrend. In less than five sessions this led him to test the key short/medium term support. This one identified by 23.6% of the...