Monthly return (FEB 2022): -16.58% SMTMI Strategy YOY : -4.72% In March, based on our ETF strategy, we were positioned on ETF that follow US Long term Bonds. This switch towards LT bonds is explained by the aim to protect our positions from the important drop of stock market that started end of 2021 and also by the anticipation of the policy rate decided by the...
Monthly return (FEB 2022): -9.85% SMTMI Strategy YOY : 29.41% S&P500 consolidates at a strong support level reaching the 0.382 level of the Fibonacci retracement . From March 2022, our strategy reacted well on this retracement...
EURUSD didn't hold the last support level around 1.13 during end of 2021. With the current geopolitical situation, we saw an important drop of the EUR ag USD reaching now a very important historical support that has often shown significant reaction of the market.
EURUSD is consolidating in our very important support zone . Also, the market level is exactly at 0.50 of the Fibonacci retracement scale. A retest of 0.618 is clearly possible before bouncing north and reach our 1st target zone at around 1.152 and then the 2nd target zone at 1.17 Nevertheless, a second scenario is still possible. If we break our support zone , we...
EURUSD showed a clear V pattern ( bullish market reaction after a drop) a few days ago. After the breakout of the last resistance turned now support, we can expect a retest of the 0.382 level of the Fibonacci retracement tool. If the support rejects the price action, we could target the next monthly resistance level around 1.17
Monthly return (JAN 2022): -25.65% SMTMI Strategy YOY : 37.69% January 2022 shows a significant drop but with our long term strategy, this gives good entry opportunity with DCA program
On the weekly time frame, as we are currently testing the previous weekly resistance which has now turned into support, upward rejection can be expected. Moreover, after the last bullish impulse which started at the end of January, the last correction is back in the important zone between Fibonacci levels of 0.500 and 0.618. This also alines exactly at the level...
Interesting situation with the following two possible scenario Scenario 1: Upper resistance breaks - good BUY entry at resistance level turned then support Scenario 2: Upper resistance holds - good SOLD entry at at the retest of the next support level turned then resistance
The very strong yearly trendline resistance that was broken upside in July 2020 is currently retested acting as support. Montly M pattern could be completed with a market price going to the neckline of the M pattern or at last to the 0,382 of the Fibonacci ratio of the downward impulse.
The strong support of $ 45,470 did not hold. Market price fell to the next major support at 42333. If this support does not hold, the next step will be the area around 40750. However, an important thing to consider is the associated volume which appears not to explode compared to other similar drops.
Monthly return (DEC 2021): 1.63% SMTMI Strategy YOY : 82.79% 2021 was a good year, showing a return of 15% above the average obtained over the last 10 years. Would you like to benefit with us from the excellent results of our ETF strategy and many other successful investment ideas ? Be sure to join us on SMTMI.com
USDJPY - After a "W", we can potentially expect a retracement to the neckline of the "W" to complete the pattern. As a result, we can expect a correction to the support area between the 0.5 and 0.618 Fibonacci ratios, followed by rejection of support and further upside.
MACD is above 0, showing bullish momentum. Price has retested the support.
The monthly support zone between 1675 and 1700 has been tested multiple times (5x) from 2020 to 2021. These successive test phases seem to repeat themselves like a fractal on the weekly calendar from 2021 with a test phase of the support zone between 1740 and 1760. Both test areas are located at the golden ratio of 0.618 of the Fibonacci retracement taken during...
MACD current below 0, but with the break of resistance level 15.52, it will become positive, and with the retest of the now support, we can be looking at a good look bullish movement, according to the Fibonacci taken on the daily retracement.
XRPUSD is currently testing an important resistance level . If the price action breakes that level, at the retest of the daily support,when the market environment (representd here by the MACD indicator) becomes bullish , this could represent a good longing opportunity.
The GBPUSD market price broke a strong weekly support last week at 1.3617 Then the maket retraced to the Fibonacci golden ratio of 0.68 Short opportunity to complete a short continuation ABCD pattern . And MACD is still showing a berish environment of the market.
Daily/Weekly bearish momentum Daily: bearish dynamique 4h bearish momentum Loss of 0.382 fib support Current V bottom structure Bollinger Bands still not contracting, so no expected increase in volatility