Monday, March 15, 2021

EUR/USD,forex chart

 

EUR/USD
08-Feb-10:00 -> 15-Mar-14:00
Target Level: 1.1835
 
SL: (A) 1.1835 Last TP of Falling Wedge
RL: (B) 1.1984 Last TP of Falling Wedge
Target Period: 3 days
 
Interval4 hour
PatternFalling Wedge
Length101 Candles
Identified12-Mar-14:00
Falling Wedge identified at 12-Mar-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1835 within the next 3 days.
Supported by Downward sloping Moving Average

EUR/GBP

 

EUR/GBP
25-Feb-03:00 -> 15-Mar-12:00
Target Level: 0.8550
 
SL: (A) 0.8550 Last TP of Channel Down
RL: (B) 0.8598 Last TP of Channel Down
Target Period: 3 days
 
Interval1 hour
PatternChannel Down
Length232 Candles
Identified15-Mar-04:00
Channel Down identified at 15-Mar-04:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8550 within the next 3 days.
Supported by Downward sloping Moving Average

Saturday, March 13, 2021

VIX futures

 This can be an indication of the market's fear or complacency about the overall market action in the months ahead. Traders need to be aware if they trade the VIX futures that it does not always move in the same direction as the VIX index. Yhe VIX fitures will move close to the S&P 500 futures cash index. VIX is traded on the CBOE futures exchange and one point is worth one thousand dollars and the mini tick is worth .05 or fifty dollars. Vix futures are related to the S&P 500 because of the vix index itself is based on the SPX option prices.

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Thursday, March 11, 2021

USD/CHF ,Possible bearish price movement

 

price movement towards the support 0.7157 within the next 13 hours.
USD/CHF
03-Mar-20:00 -> 11-Mar-12:00
Target Level: 0.9220
 
RL: (A) 0.9308 Last TP of Triangle
Target Period: day
 
Interval1 hour
PatternTriangle
Length90 Candles
Identified11-Mar-09:00
Triangle has broken through the support line at 11-Mar-09:00. Possible bearish price movement forecast for the next day towards 0.9220.
Supported by Downward sloping Moving Average

CAD/JPY

 

CAD/JPY
17-Feb-02:00 -> 11-Mar-14:00
Target Level: 86.3760
 
SL: (A) 85.7520 Last TP of Rising Wedge
RL: (B) 86.3760 Last TP of Rising Wedge
Target Period: 3 days
 
Interval4 hour
PatternRising Wedge
Length57 Candles
Identified11-Mar-02:00
Rising Wedge identified at 11-Mar-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 86.3760 within the next 3 days.
Supported by Upward sloping Moving Average