For three consecutive days has found support and traded above the 50% FiB. level of the Fibonnaci retracement drawn from the May 2017 swing low at the 0.73293 price level to the swing high at the 0.81261 level printed in Sept. 2017 (see Daily chart Fig 1).
Posted on: October 12, 2017
This pair has retraced most of its bullish move from the swing high at 1.36620 zone down to 1.30260 where price has been supported and consequently have being bullish afterwards.
Price has broken above the resistance level of the downward trend line and would further consolidates the ongoing bullish mommentum if price breaks above the 50% FIB level of the fibonnaci retracement drawn from the August 2017 swing low to Sept. 2017 swing high (See chart above).
Posted on: October 11, 2017
Amidst the fundamentals hitting the markets, USD/JPY is seen to be locked in a "Range" on the short-term (see H4 chart). Given the stronger-than-expected jobs report in the US economy released last friday, price has been seen to retrace all of it gains due to possible fears of North-Korea testing its missiles. Possible ways to trade this range are:
Posted on: October 10, 2017
The pair has been on an uptrend for several sessions, making an impressive climb with price showing a series of higher lows. In yesterdays session price approached and touched the outlined support zone. A bounce off that zone seems to be in progress at the moment and there is potential for more upside.
Posted on: September 27, 2017
GBPUSD was locked in a range for the better part of last week. After an impressive rally that commenced on the 24th of August from a low of 1.27732, the FX pair now seems to be taking a breather with an oscillation between 1.35963 and 1.34721.
Posted on: September 25, 2017
EGM offers a simple and easy-to-use trading system for both beginners and professional traders. Sign up for a live… https://t.co/sb76GY0fUE
Visit our blog today for the latest market analysis and find out how these trends may affect the markets this week… https://t.co/YmUbpFjzWm