VANTAGE FX SIGNALS

2021-05-19 03:52:15 #USDJPY, H4 approaching Pivot point, potential for a bounce.

Description
Price is approaching our Pivot of 108.725 which is in line with 78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.532 in line with 61.8% fibonacci extension and horizontal swing high. Note that price is above the ascending trendline, in line with our bullish analysis.

Pivot: 108.725
Why we like it:
78.6% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap

1st Support: 108.065
Why we like it:
127% fibonacci extension.

1st Resistance: 109.532
Why we like it:
61.8% fibonacci extension and horizontal swing high

Trading FX & CFDs carries high risk. Open / Comment

2021-05-19 03:46:25 #USDCHF, H4 approaching our Pivot, potential for a drop.

Description
Price is approaching our Pivot point at 0.90089, which is in line with 61.8% fibonacci retracement and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89432, in line with our -27% fibonacci retracement and 100% fibonacci extension. It is worth noting that the price is under the moving average, in line with our bearish view.

Pivot: 0.90089
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap

1st Support: 0.89432
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension

1st Resistance: 0.90537
Why we like it:
127% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk. Open / Comment

2021-05-19 03:44:27 #GBPUSD, H4 is approaching our Pivot point, potential for a long.


Description:
Price is approaching our Pivot point at 1.41337, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical overlap. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.42594, in line with -27% fibonacci retracement and previous swing high. Note that price is trending above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.

Pivot: 1.41337
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension, ascending trendline and horizontal graphical overlap

1st Support: 1.40886
Why we like it:
61.8% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap

1st Resistance: 1.42594
Why we like it:
-27% fibonacci retracement and previous swing high

Trading FX & CFDs carries high risk. Open / Comment

2021-05-19 03:36:01 #EURUSD, H4 is bouncing from our Pivot point, potential for a long.


Price is bouncing from our Pivot point at 1.22092, in line with 23.6% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22657, which is in line with 161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high. Note that price is trending above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.

Pivot: 1.22092
Why we like it:
23.6% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap

1st Support: 1.21724
Why we like it:
61.8% fibonacci extension, 61.8% fibonacci retracement and horizontal graphical overlap.

1st Resistance: 1.22657
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high

Trading FX & CFDs carries high risk. Open / Comment

2021-05-18 13:43:18 Vantage FX Market Outlook for 18th May 2021

#Risk sentiment on Tuesday is slightly more risk on. Asian stocks opened firmed Tuesday as investors weighed a pick-up in virus cases in the region against the pace of economic growth as economies reopen. S&P 500 lowered while dollar and treasuries were stable after retreating. Oil held an advance to a two-year high as rising optimism around a demand recovery in regions such as the U.S offset Covid-19 flare-ups in Asia. Investors this week will parse the minutes from the Federal Open Market Committee’s latest meeting for any discussion about accelerating price pressures, and hints of a timeline for reducing asset purchases.

#DXY Dollar touched a near one-week low of 90.15 before paring some losses. Investors await minutes of the US Federal Reserve’s April meeting, due on Wednesday for clues regarding the central bank’s tolerance for near and medium term inflation. US Treasury yield held steady at 1.64% on Monday. All three main US stock indexes lost ground on Monday as investors once again ditched growth stocks. Dollar might be mildly bearish as investors eagerly await the news on the central bank’s inflation tolerance. Recent inflation data also made USD a less attractive option for investors.

#Gold Gold rallied above the $1860 mark, which is a level not seen since February. 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. Meanwhile, rising coronavirus crises as infection rates continue to accelerate in India, which has been the worst hit by this wave of infections, continues to stem demand for safe-haven assets such as precious metals. Investors now await the minutes for the FOMC meeting for comments on rising inflation.

#CrudeOil #Oil Oil prices pushed higher and ended yesterday’s trading session 1% higher. This despite fresh restrictions implemented across Asia such as Singapore and Taiwan. The climb higher was due to the Eurozone's reopening their economy in line with US demand rising. Investors should keep an eye out on the pace of inflation which could hit consumer demand negatively. At the start of the Asian trading session, WTI opened higher by about 0.1%, whilst Brent opened lower by 0.12%. Open / Comment

2021-05-18 13:41:51 #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 38.2% 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

2021-05-18 09:55:40 Open / Comment

2021-05-18 04:15:49 #USDCAD, H4 is breaking beneath our Pivot, potential for a drop.

Description:
Price is breaking beneath our Pivot point at 1.20605, which is in line with 61.8%, -27% fibonacci retracement and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.19815, in line with 127% fibonacci extension. 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: 1.20605
Why we like it:
61.8%, -27% fibonacci retracement and horizontal graphical overlap

1st Support: 1.19815
Why we like it:
127% fibonacci extension

1st Resistance: 1.21412
Why we like it:
61.8% fibonacci retracement and Ichimoku cloud resistance.

Trading FX & CFDs carries high risk. Open / Comment

2021-05-18 04:09:58 #NZDUSD, H4 bounced from our Pivot. Potential for a rise.
Price has bounced from our Pivot point of 0.71804, which is in line with 61.8% Fibonacci retracement, 50% fibonacci extension and ascending trendline. A potential rise from here towards our first resistance level of 0.72897, in line with the 78.6%, -27% fibonacci retracement and horizontal swing high. Do note that price is trending above the ascending trendline, in line with our bullish analysis.
Description:

Pivot: 0.71804
Why we like it:
61.8% Fibonacci retracement, 50% fibonacci extension and ascending trendline

1st Support: 0.71847
Why we like it:
88% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low

1st Resistance: 0.72897
Why we like it:
78.6%, -27% fibonacci retracement and horizontal swing high
Trading FX & CFDs carries high risk. Open / Comment

2021-05-18 04:04:25 #AUDUSD, H4 has bounced from our Pivot. Potential for a rise.

Price has bounced from our Pivot point at 0.77382, in line with 61.8% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 0.78130, in line with 61.8%, -27% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. It's worth noting that price is trending above the ascending trendline on the Daily time frame.

Pivot: 0.77382
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap

1st Support: 0.77012
Why we like it:
88.6% fibonacci retracement and horizontal swing low

1st Resistance: 0.78130
Why we like it:
61.8%, -27% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk. Open / Comment