Tag: Technical Analysis

Outlook of Key Agricultural Crops Ahead of WASDE Report

Today, the US department of Agriculture will publish the monthly World Agriculture Supply and Demand Estimates (WASDE). This is an important document that highlights the demand and supply in the agricultural commodities around the world. Typically, these products tend to trade higher or lower depending on these estimates. Today’s document will be very important particularly […]

Forex Technical Analysis: Trend potential – Buy within 111.37-111.34

USDJPY – Down Technical observation USD/JPY is rallying above a supportive zone 111.37-111.34, I expect a correction to the zone followed by a rejection of price within it for possible bullish movement towards 111.72 and a possible breakout above 111.72 for a further rise in USD. Wait for the correction to 111.37-111.34 then long the […]

Technical crypto analysis based on breakout – Short within 205.50-201.76

ETH – Technical observation A breakout was seen when price went down a support zone 205.50-201.76 with a big red candle, it then retraced to the just broken zone but could not penetrate above it and was contained before rallying donw.Currently ETH is pulling back to the same zone and my expectation is for a […]

GBP/USD – Breaks 1.30 on bullish Barnier comments

Has cable bottomed or more volatility to come? The pound is rallying on Monday and for the second time in a couple of weeks, it’s the EU chief Brexit negotiator – Michel Barnier – that’s responsible. Sterling has become very sensitive to positive Brexit news over the last couple of weeks, having spiked on a […]

Weekly analytics- Elliott waves analysis – Gold still to drop

German stocks index Wave Analysis:After breaking above the level 12035.1, The German Stocks index has since remained above this level. As we mentioned few weeks ago, while the price is above this level, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wav (5) and […]

Forex Technical Analysis: Trend potential – Wait for a correction to zone 1.1599-1.1499

EURUSD – Up Technical observation Recently,EUR/USD broke down below a key support zone 1.1599-1.1499 with a big red candle,Currenlty price is retracing to the just broken zone and I expect rejection of it within the zone for possible bearish momentum towards 1.0440.You can short the pair within the zone after a rejection of price with […]

Elliott waves analysis – we’re long from 111.030

USDJPY – Down Wave Analysis During the previous trading day, the US dollar pulled back slightly to the lowerside but is still above the daily support level 111.0360. As long as the price is contained above this level, we expect a possible rally further correction slightly to the lowerside but should not break below 111.030. […]

Elliott waves crypto analysis – We’re short below 0.4725

XRP – Wave Analysis Instead of a rebound from 0.4725, Ripple has been rallying to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 0.4725, we expect a possible momentum to the lowerside and should not go beyond 0.0790. If you’re […]

Elliott waves analysis – We’re short towards 1.2725

GBPUSD – Flat Wave Analysis During the previous trading day, the impulsive wave (c) extended slightly to the lowerside, and is still pretty much bearish both on the daily and the weekly charts. If you went short with us previously, its good to remain short with this position with an ultimate target at 1.2725. This […]