Don't miss it ... GBP/USD's fight to close the week

Globally, it seems USDX facing potential barriers as anticipated before on this area. In parallel, there is resistance of #PoundSterling to keep strengthening that have occurred since January 16,2017.

Indeed, there was a pressure on #Cable in the area 267x, however January Fibo 50 to 61.8 already provide strong support  to keep #GBPUSD remain above 200 MA and has damaged the down trend pitchfork channel to the north pole.

There are still some bottleneck to go to the north pole directly , off course -  like to air trip... sometimes no direct flight  and just enjoy the travel, but if weekly market closed bullish and Previous Monthly Fib - 50 can provide support strong, very likely will remain engaged #sterling to the north, although with difficulty. Where is the destination ? Just check your airline ticket on the chart above . No problem,  Hotel for a break and coffee with bear might be available also there  ... So Just book the hotel room now :)

Vice versa , if the weekly candle  turn bearish, most likely, GU will have sideways in the following times with a tendency to lead to previous monthy Fib - 50, if it's broken, 2250 should be in the card to watch closely with a stop loss at 2700.

Only my personal analysis for 4H time frame and still consider the UK-EU fundamental , particularly BREXIT issues.

Safe Trade.

Rgds, Iqyu

Greenback creeps up after tumbling below 100

Greenback slipped back into the falling wedge after trying hard to undermine the wedge. 

Finally, after tight price battle around the border of downtrend channel , USD got the fuel to stay above psychology level and close the week at 100.7 to stop ( temporary ? or ?) the bear attack.

However, it doesn't mean there is a free highway for the greenback. As long as 99.23 could handle,  USD has a momentum to visit old supply zone around 102-103, a range where scale out  and set position at BEP ( once 102 touched ) seems a fit trading strategy  for buyer. Meanwhile, pending sell at the top or scale in after the supply range confirmed will be an alternative for seller.

Keep in mind BAMM and Dragon for entry and risk management.

Rgds, Iqyu

Dowjones in no man's land after 20000

Broke its first resistance after the drop from 20000 to 19740/50, and currently stay at 20268 to close the week.

Although it makes higher high after its correction to 19740/50, there is still no higher high on the oscilation data. Kind of bearish divergence attack should be anticipated in future. It's an early alert, that the seller is in on eyed the certain level.

Where ?

Absolutely, nobody knows, but BIG DOGSS !!! As a small fish on the ocean, we only could identify the

seller come after the false break or waiting for Bearish BAMM or Bearish Dragon.

Later we will discuss about BAMM and Dragon, the safe way to define the entry. But it needs a patience for the confirmation, indeed.

Have a great weekend. No need to bother to check the hotel, just click for easy.

Rgds,Iqyu

Fibonacci Breakout on #GBPUSD

If market can maintain 4H #GU to stay below the Asian session low and low yesterday, it seems 30-60 pips below yesterday's low ... in the pocket.

GBPUSD Bear : Halted and Possible Turn Around To Start The Week

Cable seems loosing momentum to break 2400 directly, although  weekly market so bearish. 245x has pushed market to stay in 60 pips tight range in last NFP night to close the week approximately at 248x.

We may look back cable  going to  1.26xx or the blue box ( at least ), if 253x broken to the northward. Viceversa, we may see 2400 or even lower if 245x broken. If it happened, we should anticipate bearish trap in lower level. Why ? Bullish shark , in term harmonic ratio , on the card already.

Just let the market make the decision itself and get it.

Have a monday trading and success for your pips .....

Rgds, Iqyu

New US Sanction on Iran made Oil inching higher

Oil rises to 53.85 to close the week amid the new tensions after US Treasury Department issued a new wave of sanctions against Iran, in addition to the existence of an agreement between  member of OPEC and Non-OPEC to cut oil output. Meanwhile, US Rig  jumps to 583, highest since October 2015.

The possibility for oil to break 55 , the current strong resistance ,  become higher and if it's broken, oil will keep climbing to the new resistance range, the blue zone, with 60 as the average. The stronger fundamental trigger could make 64-65 revisited as mentioned earlier on my twitter months ago.

GBP/USD before NFP Data

Bullish Divergence with RSI starts detected on m15/m30 time frame   , 1 hour before NFP release.

USD attempts to rebound ahead of Non Farm Payroll

Lowest level in December 2016 , nearest old support level for USD , was touched down and broken  to 99.23. The daily describes that after the lowest level broken down, there was a quick rebound and closed by bullish daily .

Technically, the USD has a momentum to rebound to the yellow and red level as described on chart . Nonetheless,  Today is friday and NFP is just hours in front of us, it's a wise to say .. better for waiting the falling wedge broken to the up side or waiting for how weekly  closed.

How strong the 99.23 ? Just sit and wait for this ....... :)

Safe Trading..

Rgds, Iqyu

On Super Thursday, Sterling Super Suffers ....

Sterling plunges after BOE keep the interest rate at 0.25 %. Carney,  insisting once again that inflation overshoots can only be temporary and limited., did not help sterling to fight againts USD.Both of these plus unemployment claims from US caused sterling remains depressed.

Pound Sterling Climbs on Mixed Released US Data

Sterling soared  against the USD to visit top of January ( 1.267x level ) on Wednesday, driven by a combination of mixed data from USD  . Ahead of Official BOE Rate release, market sideways at the top.

*** Anyone see bearish divergence and rising wedge at the top ( but no confirmation yet ) ? And today is Super Thursday, indeed !

Aussie Gains on Green in Trade Balance Data and Red on Building (+ house ) approval

AUD  made intraday high at 1.0465 and low at 1.0413 marks againts NZD.   Intraday bias remains bullish till the time pair holds immediate support at 1.0370 marks.

Australian Dollar Rises To Near 3-month High Of 0.7647 Against U.S. Dollar, To 8-day High Of 0.9955 Against Canadian Dollar, And To Near 3-week High Of 1.4095 Against Euro.

Does cable have fuel enough to break high of January ?

Bounced sharply from 241x , like a basket ball :) , it's stuck below 2600 to close bullish #January. The movement, roughly , seen to form bearish shark in lower #time #frame ( M15 ). White , Yellow and Green ( +/- 5 pips ) level should be watched closely, and off course  the red one also.

In north side, daily candle Jan 26 seems a dark "red" cloud for cable. If there is no such a fundamental trigger , a  breakout needs additional support from lower level.

Just my humble commentary to share. It's your own #risk if you take it as a call. I don't ask to ...

Keep safe trading.

Happy #February For #Asia #Pacific

Rgds, Iqyu

$Cable #Cable
$GU #GU
$GBPUSD #GBPUSD
#Pound #Sterling
#Forex

Dowjones - Index

Yesterday, #Dowjones has been down and closed below 20000. Technically, it could be anticipated already by #bearish sign using #harmonic and #RSI #indicator to avoid #bull trap.

Shared on January 29, 2017 ( Before Market Open ) on our #tweet : here

Based on our modelling, once the yellow line breached to the south pole, the red line will be the next strong resistance with the green line will the pole target. ( just click the image above for detail )

Always use your own money management. Remember, risk is always yours...so play safe. ok buddy ?

Good #Morning #Asia #Pacific.

Regards, Iqyu

#Dowjones #Index #Capital #Market

GBPUSD - FX

Hi mate.. what d' u think about this ....

Seen a deep bearish butterfly after it broke the dynamic S/R from the bottom, and now i see potential BAMM setup to re test S/R.

It's not a call, just what i see in my #coffee brain ☺

Good Morning #London ....

Rgds, Iqyu5an

#Cable $Cable
#GBPUSD $GBPUSD
#Financial #Market

Welcome To Market Studio

Just a start to write something in new platform.

Since 2010, already spent time to write in other platform but always banned and banned, not all my post but just some of them. Was there commercial content inside of my old post ? Hmm i don't think so, But ok... now I'm free here.

Yes , what i am looking is a freedom. freedom for and from anything. 

Well, i don't want to a  chit chat for a bit longer. Just want to say Hi...every one ,both of old and new friend indeed, and to share my financial market review and model of anything whatever i want :)

Thanks for  your time to read ...

Regards,
Iqyu5an
Twitter @market5tudio