Categories
Education

How to Use Fibonaccis Like an Expert

Beginner traders unfamiliar with Fibonacci numbers and ratios should know that they are widely known tools used to analyse trends and predict the price of any instrument. As traders of the new millennia, we might think of Fibonacci numbers and the golden ratio of something that belongs to technical analysts and traders. However, the reality […]

Share this on:
Categories
Analysis Technical analysis

BRENT 31.12.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 76.816-76.286 and it is going to the target zone №2 82.116-81.586. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 74.674-74.144. In case of the […]

Share this on:
Categories
Analysis Technical analysis

BTCUSD 31.12.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 47581.09-47127.83 and it has a potential to reach the target zone №2 43048.49-42595.23. The best prices to try to have a short position are the control resistance zone 50844.77-50391.51. In case of the price is fixed upper the control […]

Share this on:
Categories
Analysis Technical analysis

The Daily Markets Watch: GOLD, GBPUSD & EURUAD (30.12.2021)

Gold has returned within the longer-term descending channel following a rejection at the 50% Fibonacci retracement at $1815. However, the short-term bull case remains afloat as traders keep scooping the recent 0.40% declines. The pound remains under pressure intraday as the dollar seems to be pushing higher across the board. 0.30% lower but currently sitting […]

Share this on:
Categories
Analysis Technical analysis

EURUSD 30.12.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.13316-1.13228 and it is going to the target zone №2 1.14196-1.14108. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.12808-1.12720. In case of the […]

Share this on:
Categories
Analysis Technical analysis

NZDUSD 30.12.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 0.68061-0.67966 and it is going to the target zone №2 0.69011-0.68916. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.67530-0.67435. In case of the […]

Share this on:
Categories
Analysis Technical analysis

Weekly Elliott Wave Forecast: SPX500, GBPUSD & USDJPY

The SPX structure continues to hint at new all-time highs while above 4755 as a motive wave seems to be on its way to completion at higher levels. GBPUSD’s double-three correction looks complete as the surge off $1.3160 points at an impulsive move up. Can we finally break the descending channel? The USDJPY structure looks […]

Share this on:
Categories
Analysis Technical analysis

The Daily Market Watch: EURUSD, US OIL & ASX 200 (29.12.2021)

Euro continues to struggle to move higher as it completes a symmetrical triangle. Down 0.25% for the day it nears a breakout validation that could drive eurodollar to $1.11. The prices of oil face resistance at the 62% Fibonacci near $76.40 but gained 0.16% intraday regardless as traders wait for a potential head and shoulders […]

Share this on:
Categories
Analysis Technical analysis

USDJPY 29.12.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 114.805-114.687 and it is going to the target zone №2 116.018-115.897. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 113.757-113.641. In case of the […]

Share this on:
Categories
Analysis Technical analysis

USDCAD 29.12.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1.28405-1.28290 and it has a potential to reach the target zone №2 1.27196-1.27083. The best prices to try to have a short position are the control resistance zone 1.29057-1.28941. In case of the price is fixed upper the control […]

Share this on: