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Squawk / Yesterday at 11:03 GMTmy followers can contact me on whats app for future market view and trading signal +919899993052 or visit my website for daily market view, www.fxlive.in
Squawk / Monday at 6:57 GMTWTI’s weekly focus is supply by Stephen Pope
Oil market is focused on supply
OPEC and OPEC + have controlled the high level of production
Oil demand is expected to grow at a moderate pace in 2019
Technical sentiment is positive in the short-term
See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/wtis-weekly-focus-is-supply/
Squawk / 15 March 2019 at 7:24 GMTGold Technical Overview: Gold trading at 1297, above the key support at 1296 now, downside day support stands at 1292 the earlier resistance now turned to support. As trend remains firm, for the day can be in sideways trade where downside 1285 and upside 1315 can be the range levels. For the coming session one can hold or buy from every low till 1290 levels for upside 13011-15 zones. Overall buy on dips is advised for the day with hurdles at 1302 and 1308 meanwhile.
Squawk / 06 March 2019 at 6:38 GMTFurther US Dollar gains sets up USDCAD for a bullish shift
The recent “risk off” move this week as we discussed in yesterday’s report here has seen the US Dollar rally against most major currencies with a flight to quality move in Forex markets, with the US currency seen as a safe haven,
On a separate but connected basis, the Canadian Dollar has weakened recently with the oil price displaying a more negative tone (partly due to the “risk off” scenario).
For the USDCAD FX rate, this combination of a stronger US Dollar and weaker Canadian Dollar has pushed USDCAD higher, with the currency pair now poised at a key resistance level (see below).
See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/further-us-dollar-gains-sets-up-usdcad-for-a-bullish-shift/
Squawk / 04 March 2019 at 6:54 GMTWTI is Weakening on Growth & Supply Concerns by Stephen Pope
Oil market is focused on weakening growth
Sellers are similarly concerned about the high level of production
A survey of oil analysts is not optimistic on an upside resurgence
Technical sentiment is broadly negative
See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/wti-is-weakening-on-growth-supply-concerns/
Squawk / 25 January 2019 at 22:05 GMTDollar Index: Technical Update ; head and shoulders pattern: Daily chart shows forming a right shoulder in inverted head and shoulder pattern, technically above 95.75 can rise again till 96.55.. a break should rise till 98 as per pattern calculation... overall buying in dollar is advised for the coming week as per chart.
Squawk / 22 January 2019 at 12:55 GMTmy followers can contact me on whats app for future market view and trading signal +919899993052 or visit my website for daily market view, www.fxlive.in
Squawk / 20 January 2019 at 19:19 GMTHello,
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Squawk / 15 January 2019 at 6:34 GMTElliott wave Analysis: Crude oil and EURGBP Update by Gregor Horvat
On energy we see price recovering in an impulsive manner, ideally unfolding a bigger three-wave reversal.
With current rally from the 42.46 level comes an indication that a low had been put in place for a former higher degree wave A and that a bigger black wave B correction can be in the making. In such case, a five-wave rally for sub-wave A of B can now be in development which can later look for resistance and a turn into a minor sub-wave B correction near the 55.30 area (area of Fibonacci projection zone of 261.8).
That said, now we are tracking minor wave 4) of A, which can look for support around the Fibonacci projection zone of 38.2 and 50.0.
See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-crude-oil-and-eurgbp-update/
Squawk / 08 January 2019 at 17:40 GMTElliott wave Analysis: GBPUSD and Crude oil Intraday View by Gregor Horvat
GBPUSD made a five-wave rally from the 1.240 level, and ended it with an EW ending diagonal at the 1.28 level. Current intra-day drop that we see from the highs, can be part of an unfolding a-b-c correction, which can look for support and a bounce near the 1.261/1.255 region.
See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-gbpusd-and-crude-oil-intra-day-view/