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EUR/GBP in one-year lowsWe take a look at EUR/GBP ahead of the BOE rate decision...
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The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
CFD Update: FRA40 pushing at a new leg higher?Today's focus FRA40 CAC
Pattern – Support hold - continuation - HL
Possible targets – 7465 - 7600
Support – 7315 - 7360
Resistance – 7460 (ST)
Indicator support – CCi close to 0 cross – 38.2 fib area
Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could suggest a new push higher. Price formed an HL in the 38.2 fib area, support has been formed, and we see the support hold from a previous point of resistance. Price broke through the trendline, but we still need to see a new rally to confirm that.
A new lower that closes below support is worry and could invalidate the idea. Another factor is tomorrow's US CPI data. Depending on what’s released, this could impact US indices and, in turn, move European indices. The Core is expected to come in lower, with Y/Y flat at 5.0% and the M/M higher at 0.4%. The CPI data is due to be released at 8:30 am EST tomorrow.
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Mindset Monday's: Sphere of Rationality Hey there, so in today's mindset series, we going to be talking about a topic that has the potential to change the way you enter, manage and exit your positions. By watching this weeks video you will:
- Learn how to get into a trade with the best frame of mind, allowing you to mange the trade in the best way possible leaving you to maximise your overall returns.
- Gain a distinct advantage by learning how to control your emotions instead of ignoring them, which means less emotional pain and more financial gain.
BRIEFING Week #19 : Crypto Fundamentals keep PushingHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Outlining critical resistance on EUR/USD ahead of the ECBDisclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
GOLD: Pre-Fed Interest Rate Technical Analysis Hey there, traders!
Let's talk about gold - we know that the current range can be a bit frustrating, but don't worry, there are still plenty of opportunities to be found. In fact, in this video, we'll explore two possible scenarios that we can use to our advantage.
Firstly, we might see a small consolidation that triggers more bullish momentum, potentially breaking the previous high and continuing upwards to create a new all-time high. However, it's important to be cautious here, because a small pullback could still cause a reversal in direction. So if you're thinking of buying in, make sure to keep a close eye on your trades.
Alternatively, we might see a strong bearish candle followed by a correction, which could be an opportunity to set up a sell trade that could push the price down to a new higher low. In this case, my target for the sell would be the 1940-1950 area.
We'll keep you updated as the situation develops, but remember to always trade with care and wait for your own setup. Don't overrisk - there's always another opportunity just around the corner.
BRIEFING Week #18 : Incertainty Rolled down to next FOMCHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Bitcoin Analysis: consolidation pattern or warning?Today's focus Bitcoin
Pattern – LH - Descending Triangle
Possible targets – 29,664
Support – 27,200 – 27,000
Resistance – 29,664 – 30,460
Indicator support – MA sloping down
Today’s video analysis is on Bitcoin after yesterday’s drop. Are we seeing a new momentum shift with a new LH or has price started to consolidate in a new price pattern? We have set out a few scenarios and breakdown the levels we are watching.
Is it just sheer coincidence or did JP Morgan’s rescue of First National pull the hedge rug out from under Bitcoins feet?
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