Key Support: 69.00 Key Resistance: 69.90 – 70.90 Long Term View We´ve been looking at Brent for the past couple of weeks and looking for the opportunity to go long to ride this very bullish move. From the highs Brent retraced back 6.8% and bounced from the weekly pivot. 15M Chart Analysis During the Asian […]
Key Support:0.9242 Key Resistance: 0.9190 Long Term View The USDCHF broke with the mid to long term bullish structure this week and has been sitting at the next key level which confluences with the weekly pivot for the past couple of days. Sells are in play given that the DXY (US Dollar Index) has broken […]
Key Support: 0.8555 Key Resistance: 0.8600 – 0.8675 Long Term View The EURGBP has been in a really strong bearish market since it broke with the 0.8870 level of support. This level held as support for 250 days. Rigot now we are retesting the next key level at the 0.8550 2H Chart Analysis Last Wednesday […]
Key Support: 21.20 key Resistance: 21.40 -21.50 – 21.65 Mid Term View After bottoming in January around 19.50 the USDMXN has rallied 10.60% from low to highs and is now trying to break a massive zone of resistance. 15M Chart Analysis After topping around the 21.60 level the USDMXN has pulled back to a previous […]
The DXY (US Dollar Currency Index) broke during the Asian session with a massive key level; the base/support level from November 2020. This is important because in an almost 12 month bearish market price has never pulled back above the previous base. This comes from a rejection of a 12 year bullish structure (chart below) […]
Key Support: 67.50 Key Resistance: 69.60 – 70.50 Long Term View Brent has been very strong in its recovery from the Pandemic lows that took oil prices negative (WTI) the reason Brent was not that affected is because Brent future contracts are settled in cash. Fundamental view With the reopening of the economies and air […]
Key Support: 1685 Key Resistance: 1715 – 1740 – 1760 Long Term View Gold is still very much in a bearish market but it´s trading inside a falling wedge at a key level and this might be the reversal we are looking 1H Chart Analysis Gold is still printing lower lows and lower highs around […]
Key Support: 12280 Key Resistance: 12800-13000 Long Term View The Nasdaq crashed 12.30% from high to lows to retest the previous key level where buyers jumped in before the Nasdaq rallied 13.80% to all time highs at almost 14000 Fundamentals The Covid Relief plan has passed in Congress and now $1.9 Trillion will be injected […]
Key Support: 69.00 Key Resistance: 70.60 – 71.40 Long Term View Brent has recovered nicely over the past few months and we are trying to get in on this rally. 15M chart Analysis Brent is trading in a very structured market and is now retesting the previous week´s highs. We will wait for the break […]
