BDSwiss_Academy

BDSwiss_Academy

EURCAD has rallied today and moving fast upwards. Time for a retracement since the market today is slow. Its possible that it will fall further to the 61.8% Fibo retracement level. Alternative Scenario: Breaking the resistance 1.48100 it will mean that it might push the pair to reach the next resistance at 1.48330. __________________________ Information...

BDSwiss_Academy

Retail Sales m/m for Australia had a positive change today. That however alone cannot explain the upward and sudden move of AUDUSD. The price also crossed the 30-period MA while moving upward confirming a reversal. Retracement is probable as per the arrow. Alterative Scenario: 0.66930 is the resistance level that we thought it will be the end of the move....

BDSwiss_Academy Updated 

Gold has been experiencing high volatility the past week. Overall has been gaining 8% change in value this month and has experiencing reversals in the process. Today we see a sharp drop after a reversal in price signaling the opportunity to catch a retracement after the end of the move. It might be soon but if the end of the move today is at the 100% Fibo level...

BDSwiss_Academy

The Price of US Crude Oil has risen significantly the past few days. Sine the 20th March we see a rapid rise. Since the market signals the end of the sharp move a retracement is expected towards 68 USD. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

BDSwiss_Academy

It seems that the pair broke some significant support levels and is likely to move downwards towards 1.22200 price level. It is Friday and there are PMIs today announced causing volatility supporting the view that the pair will break support and resistance levels and experience big moves. __________________________ Information Regarding Important News and...

BDSwiss_Academy

Since the USDJPY pair has moved below the 30 period MA there is a good chance for retracement. However there is a resistance that might cause trouble at 131 level. Finding evidence that this level has broken indeed, the pair is estimated to move upwards as indicated by the arrow towards the Fibo retracement level (61.8% of the move backwards). Alternative...

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US30 Just broke important resistance levels and it might be headed towards new levels at 32640. The Stock market has been extremely volatile recently and the indices show upward moves in general. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk...

BDSwiss_Academy

The EURUSD has been in range for some time now. Low volatility during the morning session might be a good indicator of high volatility during the day. The next estimated resistance level is 1.0745 in case the market breaks the range resistance 1.730. The next estimated support level is 1.07035 in case the market breaks the range support...

BDSwiss_Academy

USDJPY has entered in to a consolidated state and it looks like is forming a triangle. Looking forward for a triangle breach downwards instead of upwards. If it breaks upwards there are too many resistance points that might slowdown the momentum. Breaking downwards has more potential for a rapid drop. __________________________ Information Regarding...

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Great possibility for price of US OIL to further decrease. Russia pumping more oil according to Bloomberg news www.bloomberg.com causing an oversupply. Technically we see several breaches of support levels as its price started to fall significantly since the 7th. __________________________ Information Regarding Important News and Figures can be found here in...

BDSwiss_Academy

GBPUSD has been rising since 09.03.2023 having a rather volatile path. The pair entered in to a consolidation phase indicating that this medium -term shock has ended. Retracement is a possibility but we have to wait for the support break of the 1.21400 for confirmation. Breaking that support would drive the pair further down until 1.20600 at least. NOTE: 14:30...

BDSwiss_Academy

EURGBP is going down today as it continues to break support levels. The chart has not formed a "head and shoulders pattern" just yet. The arrows show the potential moves. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...

BDSwiss_Academy

Another opportunity for retracement might be with USDCHF The fibo tool fits perfectly with the market to move slowly during the day for now. The next step is to wait until a break of 0.94100 support level to provide more push downwards towards the 61.8% of the whole move. The only problem is the speech at 17:00 GMT+2 in which Fed Chair Powell Testifies. This...

BDSwiss_Academy

EURUSD has fallen heavily yesterday, an obvious shock from the Federal Reserve Chairman Jerome Powell speech at 17:00 GMT+2 "Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated" Source: www.cnbc.com This gives rise to retracement opportunity. However, this has to be treated with caution since there is still room for the...

BDSwiss_Academy

The pair seems to have broken a triangle upper limit. The next resistance estimated to be 0.9965. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose...

BDSwiss_Academy Updated 

The GBPJPY was caught trading in range. The market is not probable to trade in range for so many days and is quite possible that today will see a breakout upwards. The Fibonacci retracement level 164.00 is the next estimated resistance level as indicated by the green arrow, if there is a break of range at 163.70. __________________________ Information...

BDSwiss_Academy Updated 

All Technicals show EURUSD expected upward move There seems to be a significant resistance at 1.0695 that if it breaks it would be a Long move. However, it needs caution because of the previous resistances 1.0705 for example that might cause the price move upwards to stop. Next stop after that is estimated to be 1.072. __________________________ Information...

BDSwiss_Academy

The Index has been moving rapidly upwards and over the MA50. This is an indication of Trend reversal and it will possibly move upwards in the medium-run. However, it is estimated to move as previously within a channel. That is why it is expected that it will first return to the mean. Retracement to the 61.8% of the total move is shown with the second green...