Euro has posted a good buying wave as it was due in 4 hour time frame bigger wave was expected as it was meant to be form by 1 hour time frame too. It has taken the prompt support of 100 parameter ichimoko and today parabolic is on exhaust which was formed and reacted yesterday. Today we have the pivot of the day as 1.1760 and 1.1740 combined will act as the support area upside next targets are 1.1810 and 1.1840
Pound has also did the same as our main MACD was signaling for an upper wave for yesterday, it was less bigger and less volatile then euro but ichimoko 100 line and parabolic both were supportive for the buying wave , for today we have the day pivot as 1.2956 and 1.30 25 is the next prompt target as it is also our monthly pivot next target can be around 1.3075 and this is the same resistance area for the next couple of days
Yen has posted a tiny high yesterday as we told you that it has left the 300 ichimoko cloud and is now building momentum for a upside ride , as we saw it honoring the 105.50 area in last week and we are above this and its the 1st support line for us staying here for coming sessions and not forming a sell wave below of 105.35 will signal its further up rise of 106.00 Today we have the day pivot as 105.59 and parabolic are supportive also for up wave in a few hours
Aussie has consolidated almost the whole day yesterday and did not made a considerable move but today in early sessions it posted a high which was meant to do in last night session this is the same resistance level market has posted a high in previous week around 0.7210 , dual rejection has posted a reasonable high and resistance of this level and prices are rejecting itself from there it has opened the area of 0.7130 as support which can be traded soon and then 0.7110
Usdcad was thin yesterday and stays in bearish pressure as we predicted in our yesterday post but it successfully traded the monthly pivot of 1.3243 in today early session. an upside medium strength wave can be expected if it manage to break 1.3270 which is today day pivot for us . further buying pressure can be seen in a condition if it breaks 1.3287. we can have a consolidation for some coming sessions and then a better and bigger wave will be near to trigger
yesterday gold has taken the full advantage of weekly pivot area which was rejecting itself from 1888 and generated a zig zag pattern adding a high to the previous one of Friday. Market has taken the wave and opened the door for next upper zone which is 1932.today market has a pivot of the day as 1905 whereas the prompt support is 1900 for the day; parabolic is supportive for a buying wave.
Oil has done the same pull back as we told you earlier yesterday that it has fallen in previous days and the fall is signaling a big support in 4 hour chart situation and it formed the swing and brought it self-back into the 39.50 zone 40.55 And 41.20 is the values of our next upside targets and today pivot is 38.80 for the day. 38.24 is the ultimate area to watch as it is least expected to get traded today it’s a weekly pivot for us in this week thus we cannot ignore it.
Nasdaq has posted a sharp rejection of the consolidation area at the opening time of US session. It has taken the hurdle of weekly pivot all day and crossed 11344 and then posted a bull wave and targeted the monthly pivot in the near to close time span. Today pivot of the day is 11426 and market is fails to break the yesterday high may fall again to the weekly pivot in alternate scenario 11600 is in sight
Legal: CF Merchants is the trading name of Commodity and Forex Merchants registered and regulated in many Jurisdictions. CF Merchants Limited is regulated with license number 24535/2018, at Suite 305, Griffith Corporate Center, P. O. Box 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines as an International Broker Company under the company act of Saint Vincent & the Grenadines. The objects of the Company are all subject matters not forbidden by International Business Companies (Amendments and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and Grenadines 2009, in particular but not exclusively all commercial, financial, lending, borrowing, trading, service activities and the participation in other enterprises as well to provide brokerage, training and managed account services in currencies, commodities, indexes and leveraged financial instruments.
Commodity and Forex Merchants Limited is authorized under license number 1092420 by the Companies House, Cardiff, United Kingdom on 21st August 2017.
High Risk Investment Warning: Margin FX are leveraged products that carry an extraordinary level of risk to your funds. Trading is not suitable for everyone and may result in you losing significantly more than your investments and therefore, you should not speculate with capital that you cannot afford to lose. You should consider whether you understand how this work and whether you can afford to take the high risk of losing your money. All the trading related information on this website is general in nature and does not take into account your or your client’s personal intentions, financial conditions and needs. We encourage you to seek independent advice if necessary. It is the responsibility of the client to ascertain whether he/she is allowed to use the services of the CF Merchants based on the legal requirements in his/her country of residence. Please read full Risk Disclaimer for more details.
Regional Restrictions: CF Merchants (SV) Ltd does not provide services and accept applications from the residents of certain countries, such as United States of America, Canada, Israel, North Korea and Saint Vincent & The Grenadines. The statistics on this website is not directed at residents in any country or jurisdiction where such distribution or use would be contradictory to local law or regulation.
© 2011-2020 CF Merchants Ltd.