Euro has rejected itself from the same 1000 parameter ichimoko resistance around 1.1810, we were having the cloud there also of which base line was the reason to form a sell wave. weekly pivot is as 1.1699 which can be traded if markets tries to form a new low today and any time it breaks the day pivot of 1.1757 and stays above it is more likely to challenge the yesterday high and then even further in alternate scenario if market fails to recover after going below the weekly pivot 1.1650 should be in sight
Pound has rejected to break its cloud on the up side and fell back to its support area which was the week pivot as 1.2886. yesterday was a volatile day for many products which includes pound also today we have the daily pivot as 1.2915 market is likely to go up with the yesterday low or even after adding some more pips to it by making a new low, the ultimate crossing line is 1.2933 once market is above this level yesterday high can be challenged again as we have the ultimate resistance of 1.3070
yen is not leaving its squeezed size consolidation still and within the range of its immediate resistance and supports area.it is more likely to go more up a little to place a nice top before starting its sell side 106.00-10 area can be seen as we have 300 cloud in 4 hour time frame. 104.90 should be in mind whenever we see a sell wave so not to book the profits so early. Today daily pivot is as 105.61, monthly pivot is within the range which can be combined in force once the market starts falling and it is 105.32
Australian has rejected our resistance level in a good manner yesterday of 0.7210 and gave a full swing of more than 100 pips which is huge for such pair both ichimoko and parabolic chart setup signaled this sell wave the rejection of this was in 1 hour time frame and can be seen in 1000 parameter. Today we have the day pivot as 0.7136; below of this level we can see some consolidations. upon breakage of day pivot and re absorbance of today parabolic situation may lead the price to go again to the point from where it fell yesterday then we will have a strong reason to get it broken
it has taken a sharp pull back yesterday as parabolic were supporting a buying wave and added a new high in today early sessions but as we see it has rejected the gains softly in previous 4 to 5 hours and as we are approaching the London open , failing to go back to its early morning high it will fall down as we have 1.3329 as our week pivot above the current area, daily pivot is 1.3290 and is likely to gets traded and can be broken also
gold yesterday gave us a new high as we predicted, the rule of mark to mark trading indicated to book profits when a situation has traded which you anticipated so you are available for the next ride, same happen as market gave a dip which was considerable enough to justify 1 and 4 hour time frames and breaking the week pivot of 1888. now we are trading just near to it if market breaks the 1891 as its today day pivot it can rise again otherwise after consolidation it may check the low again
Oil has peacefully done the same as we predicted that the area of 41.00 is in focus .since it was above the week pivot and upper swing was more likely to be formed it holded its 100 ichimoko as a support line for 3 to 4 hours and then gave this bull wave today we have the same area as resistance which was yesterday high if markets fails to break it, it may come down to 39.00 and 38.50 lower high situation will be under our focus , main parabolic needs some 6 to 8 hours to get absorbed so less then yesterday move is expected in size
Nasdaq consolidated all day till US opening yesterday and formed a swing in 15 minutes time frame to trade its support and then amended its day high which was under the resistance level of 11550 area. and gave a good sell wave as we are hoping for it since US open , parabolic situation is favoring a sell again , rejection of the monthly pivot was a cause of this huge wave. 11430 is the key area to see today above and below the level is the good wave partition area. Today we have the day pivot as 11324 and next support lies on 11150
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.