VANTAGE FX SIGNALS

2021-05-10 08:46:32 #GBPUSD, H4 break above our Pivot point, potential for a long.


Description:
Price has broken above our Pivot point at 1.40316, in line with 127% fibonacci retracement and 78.6% fibonacci extension. Where we could potentially see a further push from our pivot towards our 1st resistance level at 1.40950, in line with -27%, 161.8% fibonacci retracement and 100% fibonacci extension. Do note that MACD is above the 0 line, in line with our bullish analysis.

Pivot: 1.40316
Why we like it:
127% fibonacci retracement and 78.6% fibonacci extension

1st Support: 1.39691
Why we like it:
50% fibonacci retracement and horizontal graphical overlap

1st Resistance: 1.40950
Why we like it:
-27%, 161.8% fibonacci retracement and 100% fibonacci extension

Trading FX & CFDs carries high risk. Open / Comment

2021-05-10 08:34:14 #EURUSD, H4 is approaching our Pivot point, potential for a rise.


Price is approaching our Pivot point at 1.21419, in line with 100% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21952, which is in line with 161.8% fibonacci extension and 127% fibonacci retracement. Note that price is trending above the Ichimoku cloud support and MACD is above the 0 line, in line with our bullish analysis.

Pivot: 1.21419
Why we like it:
100% Fibonacci extension and horizontal graphical overlap

1st Support: 1.21059
Why we like it:
61.8% fibonacci retracement and 61.8% fibonacci extension

1st Resistance: 1.21952
Why we like it:
161.8% fibonacci extension and 127% fibonacci retracement

Trading FX & CFDs carries high risk. Open / Comment

2021-05-10 08:13:18 Vantage FX Market Outlook for 10th May 2021

#Risk sentiment is slightly more risk on even with worse than expected non farm payroll results. Asian stocks and U.S. equity futures gained Monday after the S&P 500 hit a record on weak jobs data that added to the case for ongoing stimulus. Dollar held losses after tumbling Friday, while the pound was the top performer among the Group of 8 currencies. Treasury yields edged up about 1.6%. Steel prices increased as rampant chinese demand caused a wider surge in commodity prices as the global economy recovers.

#DXY Dollar index held at 90.223 in early trade Monday, following its worst week since November 2020 in a reaction to a payroll report that showed the US economy only added 266,000 jobs in April, well below expectations of almost one million amid an escalating shortage of available workers. Dow Jones and S&P finished at record level Friday as a disappointing payroll report eased worries about the Federal Reserve reducing its massive support anytime soon. Dollar might continue to experience losses as bad nonfarm payroll results shows a weak USD against other currencies and therefore a selloff is expected.

#Gold Gold prices extend its rally, trading near a 3-month high, buoyed by the Dollar’s weakness following a disappointing payroll report. Elsewhere, bullion benefited from safe-haven demand stemming from the ongoing coronavirus crises as infection rates continue to accelerate in India and Japan. Looking ahead, Gold prices could edge higher, buoyed by rising number of coronavirus cases and concerns of rising inflationary pressure as the precious metal is often seen as a hedge against inflation. Meanwhile, disappointing payroll report raised doubts over the market recovery and cemented expectations that the US central bank will remain ultra-accommodative until the economy has further recovered, which could buoy demand for the safe haven asset.

#CrudeOil #Oil Oil prices dropped overnight before paring its losses by the end of Friday’s trading session. Despite the growing cases of virus cases over in Asia, and with the situation in India getting worse, the US and UK are starting to see domestic travel rising. Coupled with reports that one of Syria’s major oil refineries has been hit with a major fire outbreak, we can expect to see oil prices rise higher. WTI opened higher by 1.2%, whilst BRENT opened higher by 0.7% at the start of the Asian trading session. Open / Comment

2021-05-10 06:00:00 #TechnicalAnalysis of the day on #USDJPY, H1
Potential Trade Setup

We're seeing a possible rise as price has breaks above from the key resistance zone.

The key resistance zone is found through the 50% Fibonacci retracement and 127% Fibonacci extension.

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

2021-05-07 13:15:10 Vantage FX Market Outlook for 7th May 2021

#Risk sentiment is slightly more risk on as the economy recovers from the pandemic. Asian stocks opened slightly higher after U.S. indexes gained on positive economic data. The dollar held losses. Treasuries held steady, with the 10-year yield hovering at 1.57%, well below recent highs. Investors will be watching for weakness at China’s open, after Bloomberg News reported the Biden administration is likely to preserve limits on U.S. investments in certain Chinese companies. Traders turn to Friday’s payrolls numbers, expecting numbers of employment to return to pre pandemic levels. Spot iron ore broke $200 a ton for the first time, while copper approached a record high. Oil climbed.

#DXY USD was little moved at 90.876 in early trade Friday as traders awaited the release of nonfarm payroll later in the session. Local bond yield eased to 1.57% as Federal Reserve speakers downplayed the risks of inflation. Dollar Index rebounded from 1-month low over the past week after Secretary Janet Yellen mentioned that the Fed may have to raise rates to prevent the economy from overheating. Dollar might gain traction and continue to push for gains as it recovers from gloomy April triggered by mounting coronavirus cases worldwide.

#Gold Gold prices rallied higher on Friday, holding at 3-month highs touched in the previous session as Treasury yields retreated while a weaker dollar lent further optimism to the gold bulls. Elsewhere, US 10-year bond yields eased to 1.57% as Federal Reserve speakers downplayed the risks of higher inflation. The bullion benefited from safe-haven demand stemming from the ongoing coronavirus crises as infection rates continue to accelerate in India and Japan. Looking ahead, Gold prices could edge higher, buoyed by rising numbers of coronavirus cases and concerns of rising inflationary pressure. Meanwhile, US Treasury Secretary Yellen remarks created speculation that the Fed may have to scale back its support sooner than expected to stop the economy overheating, buoying demand for the safe haven metal.

#CrudeOil #Oil Oil prices fell 1% overnight reversing the gains made earlier this week as rising covid cases from India and across Asia dampened demand for oil and added further downside pressure. However, certain banks like Citi continue to reiterate their bullish view on oil saying that “As the rollout of vaccines continues and a pent-up summer driving season continues to manifest, this trend should accelerate, keeping demand for motor fuels robust and boosting market confidence in the recovery story”. WTI opened lower by 0.2%, whilst BRENT opened lower by 0.15% at the start of the Asian trading session. Open / Comment

2021-05-07 10:15:34 Open / Comment

2021-05-07 08:39:01 #TechnicalAnalysis of the day on #US100, H1
Potential Trade Setup

We're seeing a possible drop as price has reversed from the key resistance zone.

The key resistance zone is found through the 88.6% Fibonacci retracement and horizontal graphical swing high.

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

2021-05-07 08:11:14 #XAUUSD, H4 is breaking above our Pivot, potential for a rise.

Description
Price is breaking above our Pivot point at 1816.64, which is in line with 161.8% 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 1835.12 which is in line with 61.8% fibonacci extension. Do note that MACD is above the 0 line, in line with our bullish analysis.

Pivot: 1816.64
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap

1st Support: 1797.19
Why we like it:
61.8%, 78.6% fibonacci extension and horizontal graphical overlap.

1st Resistance: 1835.12
Why we like it:
61.8% fibonacci extension

Trading FX & CFDs carries high risk. Open / Comment

2021-05-07 08:03:31 #USDCAD, H4 is approaching our Pivot, potential for a drop.

Description:
Price is pulling back towards our Pivot point at 1.22309, which is in line with 38.2%, 61.8% fibonacci retracement and 100% fibonacci extension. We could potentially see a price drop here towards our 1st support level at 1.21422, in line with 161.8% fibonacci extension and horizontal swing low. It is worth noting that the price is under the moving average, in line with our bearish analysis.


Pivot: 1.22309
Why we like it:
38.2%, 61.8% fibonacci retracement and 100% fibonacci extension

1st Support: 1.21422
Why we like it:
161.8% fibonacci extension and horizontal swing low

1st Resistance: 1.22779
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension and moving average resistance.

Trading FX & CFDs carries high risk. Open / Comment

2021-05-07 07:55:33 #NZDUSD, H4 is testing our Pivot. Potential for a drop.
Price is testing our Pivot point of 0.72398, which is in line with 127% Fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap. A potential drop from here towards our first support level of 0.71973, in line with the 78.6%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low. Do note that stochastics is showing bearish pressure where it reversed from the 91% level previously.
Description:

Pivot: 0.72398
Why we like it:
127% Fibonacci retracement, 200% fibonacci extension and horizontal graphical overlap

1st Support: 0.71973
Why we like it:
78.6%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low

1st Resistance: 0.72749
Why we like it:
161.8% fibonacci retracement and horizontal swing high.
Trading FX & CFDs carries high risk. Open / Comment