VANTAGE FX SIGNALS

2021-05-20 17:30:51 Vantage FX Market Outlook for 20th May 2021

#Risk sentiment is rather risk off early Thursday. Asian stocks were steady early Thursday as investors weighed Federal Reserve minutes that flagged the possibility of a debate on scaling back asset purchases. Treasury yields and the dollar held an advance. Minutes indicated some Fed officials may be open “at some point” to discussing adjustments to the face of massive bond purchases if the U.S. economy keeps progressing rapidly. A bout of volatility swept over cryptocurrencies, with Bitcoin posting a same-day plunge and rally of about 30%. The largest token and other virtual currencies like Ether are nursing losses from a recent selloff. Cryptocurrency-exposed shares including Coinbase Global Inc slid.

#DXY The dollar is expected to turn slightly bullish as the Fed confirms about plans to deal with inflation. Fall in stocks and increase in treasury yield could make investors worry about the Fed tightening monetary policy, we could possibly see an increase in the dollar. Adding to the bearish tone were the last minutes from April Federal Reserve meeting which showed that some policymakers are already comfortable discussing a tapering plan if the US economy continues to pick up strongly and inflationary pressures persist.

#Gold Gold is now trading around the $1870 mark, after hitting a high at $1890 on Wednesday. This was due to a strengthening dollar and rising treasury yields that weighed down on the price of gold. Several Fed officials also struck a more hawkish tone in its monetary policy update.Gold prices could edge higher, buoyed by rising concerns of rising inflationary pressure with a burst in economic activity, as the precious metal is often seen as a hedge against inflation.
#CrudeOil #Oil Oil prices continued its drop erasing all the gains it has made over last week. This came as the markets started feeling jittery as surging covid-19 cases in Asia is seen to negatively affect demand. Further US inflation fears could also prompt the Fed to slow economic growth with rate hikes and this would be a double blow to the demand recovery of oil. At the start of the Asian trading session, WTI opened lower by about 1%, whilst Brent dropped by 0.7%. Open / Comment

2021-05-20 09:33:11 Happening in 30minutes #Webinar :
»How do you use Fibonacci Retracements in your trading strategy?«

Join Professional trader, Joyce Tan, as she shares how she implements fibonacci retracements into her trading strategy. We will be looking at the basic levels of fibonacci, as well as touching on levels that are only used by Advanced and Professional traders. Joyce will first be looking at the theory of fibonacci before sharing the many ways to how it can be applied in the markets.

Joyce will be taking questions throughout the webinar to help fellow traders so come prepared with your questions!

- The proper way to draw a Fibonacci Retracement
- 0-100% Fibonacci levels (Basic trading strategy)
- >100% Fibonacci levels (Advance trading strategy)
- <0% Fibonacci levels (Professional trading strategy)
- Finding Fibonacci Confluence (Profitable Trading strategy)
- Using Fibonacci in your trading strategy

Thursday, 20th May @08:00 am (GMT+1)
Webinar ID: 689-834-851
https://attendee.gotowebinar.com/register/7275688758063132427?source=telegram Open / Comment

2021-05-20 07:25:53 #TechnicalAnalysis of the day on #XAUUSD, H1
Potential Trade Setup

We're seeing a possible bounce as price approaches the key support zone.

The key support zone is found through the 61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.

A potential reaction could occur here pushing prices up towards our target.

Head on over to our Instagram Page to drop a request on which instrument you'll like to see next: @Vantagefxofficial

If you'd like to ask us any questions, please swing by: https://rebrand.ly/E-terminal

Trading FX & CFDs carries high risk. Open / Comment

2021-05-20 05:16:28 #XAUUSD, H4 is bounced from our Pivot, potential for a rise.

Description
Price is above our Pivot point at 1867.56, which is in line with 61.8%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. We could potentially see a rise from our Pivot point towards our 1st resistance level at 1900.77, which is in line with -27% and 127% fibonacci retracement. It's worth noting that price is above the ascending trendline and Ichimoku cloud support, in line with our bullish analysis.

Pivot: 1867.56
Why we like it:
61.8%, 61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap

1st Support: 1853.62
Why we like it:
100%, 161.8% fibonacci extension and horizontal swing low.

1st Resistance: 1900.77
Why we like it:
-27% and 127% fibonacci retracement

Trading FX & CFDs carries high risk. Open / Comment

2021-05-20 05:05:04 #USDCAD, H4 is breaking beneath our Pivot, potential for a drop.

Description:
Price is breaking beneath our Pivot point at 1.21346, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.20439, in line with 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support. It is worth noting that the price is under theIchimoku cloud resistance and MACD is under the 0 line, in line with our bearish analysis.


Pivot: 1.21346
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap

1st Support: 1.20439
Why we like it:
78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support

1st Resistance: 1.22126
Why we like it:
127% fibonacci extension and horizontal swing high resistance.

Trading FX & CFDs carries high risk. Open / Comment

2021-05-20 04:59:42 #AUDUSD, H4 has bounced from our Pivot. Potential for a rise.

Price has bounced from our Pivot point at 0.77219, in line with 78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.77637, in line with 50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. It's worth noting that stochastics is showing bullish pressure where price reversed off the 14% level previously.

Pivot: 0.77219
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension and horizontal graphical overlap

1st Support: 0.76887
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low

1st Resistance: 0.77637
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk. Open / Comment

2021-05-20 04:46:30 #NZDUSD, H4 bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point of 0.71661, which is in line with 78.6% Fibonacci retracement, 61.8% fibonacci extension and ascending trendline. A potential rise from here towards our first resistance level of 0.72466, in line with the 78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing high. Do note that price is trending above the ascending trendline, in line with our bullish analysis.
Description:

Pivot: 0.71661
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension and ascending trendline

1st Support: 0.71009
Why we like it:
127% fibonacci retracement and 100% fibonacci extension

1st Resistance: 0.72466
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk. Open / Comment

2021-05-19 14:37:14 Vantage FX Market Outlook for 19th May 2021

#Risk sentiment on Wednesday is slightly more risk off . Asian stocks tracked U.S. declines Wednesday as concern about faster inflation shadows the economic recovery from the pandemic. A dollar gauge traded near the lowest level this year. A slide in crude on the possibility of more supply from Iran hurt energy stocks. Treasury yields were steady. Bitcoin and other cryptocurrencies extended a retreat after the People’s Bank Of China conveyed a statement reiterating that digital tokens can’t be used as a form of payment. Stocks have been volatile after touching a record in early May, whipsawed by concerns about accelerating inflation amid elevated commodity prices, as well as a Covid-19 resurgence in some countries. Traders are awaiting the latest Fed minutes for the clues about the outlook.

#DXY Dollar fell to all time lows this year. Stock market fell as US equities ended mostly lower on Tuesday as investors await fresh catalysts to push the indexes higher or at least justify current valuations. Investors have been pricing in a robust economic recovery fueled by massive government spending and ultra-loose monetary policy. Treasury yields stalled amid renewed expectations that the Federal Reserve will not tighten monetary policy anytime soon. Drop in the stock market and inflationary worries might cause a slight increase in the dollar.

#Gold Gold was little changed near the $1860-mark, which is the highest level it has reached since late January. This was supported by general dollar weakness and rising concerns over inflation. Gold prices could edge higher, buoyed by rising concerns of rising inflationary pressure as the precious metal is often seen as a hedge against inflation. Investors now await the minutes for the FOMC meeting for comments on rising inflation.

#CrudeOil #Oil Oil prices dropped lower overnight, dropping from its 2 months high after the media reported that the US and Iran has made key progress on reviving the nuclear deal. Traders expect that if all things go smooth, we could see Iran oil supply come back into the markets again. Additionally, API data released show that US crude inventories have increased. At the start of the Asian trading session, WTI opened lower by about 0.4%, whilst Brent droped by 0.3%. Open / Comment

2021-05-19 06:52:46 Open / Comment

2021-05-19 04:50:48 #TechnicalAnalysis of the day on #USDCAD, H1
Potential Trade Setup

We're seeing a possible reversal as price approaches the key resistance zone.

The key resistance zone is found through the 61.8% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.

A potential reaction could occur here pushing prices down towards our target.

Head on over to our Instagram Page to drop a request on which instrument you'll like to see next: @Vantagefxofficial

If you'd like to ask us any questions, please swing by: https://rebrand.ly/E-terminal

Trading FX & CFDs carries high risk. Open / Comment