Signal_Centre

Signal_Centre

The corrective rally from early December has stalled at the 38.2% Fibonacci retracement level of the previous downmove (1375-1123). The previous congestion area and daily Ichimoku cloud added weight to fading this move and with the weekly candle forming a shooting star, our idea looks to set shorts at good risk/reward levels. We look to target an initial move to $1175

Signal_Centre Updated 

Our long term bias in UK100 remains positive and this week has got off to a good start with a very solid move higher. Last week we noted a morning star formation to target a move higher and this has played out nicely. With BOE hinting at further rate cuts and the continued quantitive easing strategy supporting the long side, further upside is expected. We look to...

Signal_Centre Updated 

Markets continue to gyrate between a risk-on/risk-off approach and with the added influence of its dollar denomination, XAUUSD is no exception. Our long-term outlook remains positive with the weekly chart highlighting the presence of a bullish flag formation, with an expectation of a break higher. This may take a while to play out and can accept a move to well...

Signal_Centre Updated 

A bullish gartley-type formation has been posted on USOIL (although ideally the CD move would have been greater for an exact Gartley). However, this pattern has been accompanied by daily candlestick reversals (Bullish hammer, inverted hammer and Bullish outside bar). This ties in nicely with a MACD reversal expectation and the Commitment of Traders report showing...

Signal_Centre Updated 

Bullish engulfing after market reacts positively to Fed minutes after leaving rates unchanged but pointing towards a hike in December. Double bottom formation triggered on a break of the 2163 neckline Buy a break of 2165 Measured move target 2210 161.8% fib extension at 2230 Stop at 2120

Signal_Centre

The U.S. Federal Reserve left interest rates unchanged on Wednesday but strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further (source Reuters). Yet again, this has left the market floundering with no real long-term direction for the USD. Technical, we look to be forming a short-term ascending...

Signal_Centre

EURGBP Daily – The long term view for EURGBP is still bullish but we expect a move to the downside until the end of the year. Prime medium support is at 0.8075. The daily chart and we are looking for a bearish Head and Shoulders to form. Selling at current levels offers a great risk/reward trade. A move through the neckline (at 0.8350) and we look to move stop to entry