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Technical Analysis
Technical Analysis from IFC Markets
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[QUOTE="IFC Markets, post: 212632, member: 18359"] [HEADING=1]Oil vs Gas Technical Analysis - Oil vs Gas Trading: 2022-09-06[/HEADING] [HEADING=1][/HEADING] [HEADING=2]Oil vs Gas Technical Analysis Summary[/HEADING] Above 0,433 Buy Stop Below 0,333 Stop Loss [TABLE] [TR] [TD]Indicator[/TD] [TD]Signal[/TD] [/TR] [TR] [TD]RSI[/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MACD[/TD] [TD]Buy[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD]Buy[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD]Neutral[/TD] [/TR] [/TABLE] [HEADING=2]Oil vs Gas Chart Analysis[/HEADING] [URL='https://editorial.fxstreet.com/miscelaneous/image-637980438517153620.png'][IMG]https://editorial.fxstreet.com/miscelaneous/image-637980438517153620.png[/IMG][/URL] [HEADING=2]Oil vs Gas Technical Analysis[/HEADING] [HEADING=2][/HEADING] On the daily timeframe, SumOIL/GAS: D1 approached the downtrend resistance line. It must be broken up before opening a position. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if SumOIL/GAS: D1 rises above its latest up fractal: 0.433. This level can be used as an entry point. Initial risk cap is possible below the Parabolic signal, the lower Bollinger band and the last 4 lower fractals: 0.333. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (0.333) without activating the order (0.433), it is recommended to delete the order: there are internal changes in the market that were not taken into account. [HEADING=2][/HEADING] [HEADING=2]Fundamental Analysis of PCI - Oil vs Gas[/HEADING] [HEADING=2][/HEADING] Let's review the Personal Composite Instrument (PCI) &SumOIL/GAS. It reflects the price dynamics of a portfolio of futures for two brands of oil - Brent and WTI against natural gas futures. Will the SumOIL/GAS quotes go up? OPEC+ has decided to cut oil production in October by 100,000 bpd. At the same time, it will return to the level of August this year and remain at the pre-coronavirus level. The main reason for the decline in production was the emerging slowdown in global economic growth, which could have a negative impact on oil demand. Another factor could be the introduction of a coronavirus lockdown in the Chinese city of Chengdu. Stabilization of oil quotes may support the increase (correction) &SumOIL/GAS, as oil is far behind natural gas in growth. Over the past 12 months, Brent has risen in price by 30.5%, WTI - by 27.6%. During the same time, the price of Natural Gas Futures soared 90.3%. Against this background, &SumOIL/GAS at the end of August fell to the lows of the coronavirus epidemic in April 2020 and the global economic crisis in 2008. [automerge]1662533180[/automerge] [HEADING=1]EUR/USD Technical Analysis - EUR/USD Trading: 2022-09-07[/HEADING] [HEADING=2]EUR/USD Technical Analysis Summary[/HEADING] Below 0,985 Sell Stop Above 1,018 Stop Loss [TABLE] [TR] [TD]Indicator[/TD] [TD]Signal[/TD] [/TR] [TR] [TD]RSI[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]MACD[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]MA(200)[/TD] [TD]Neutral[/TD] [/TR] [TR] [TD]Fractals[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Parabolic SAR[/TD] [TD]Sell[/TD] [/TR] [TR] [TD]Bollinger Bands[/TD] [TD]Neutral[/TD] [/TR] [/TABLE] [HEADING=2]EUR/USD Chart Analysis[/HEADING] [URL='https://editorial.fxstreet.com/miscelaneous/image-637981296964806498.png'][IMG]https://editorial.fxstreet.com/miscelaneous/image-637981296964806498.png[/IMG][/URL] [HEADING=2] EUR/USD Technical Analysis[/HEADING] On the daily timeframe, EURUSD: D1 is in a downtrend and has formed a triangle. He must be out of it down before opening a position. A number of technical analysis indicators have formed downward signals. We do not rule out a bearish movement if EURUSD: D1 falls below the latest low: 0.985. This level can be used as an entry point. Initial risk cap is possible above the latest up fractal, downtrend resistance line and triangle, and Parabolic signal: 1.018. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (1.018) without activating the order (0.985), it is recommended to delete the order: there are internal changes in the market that were not taken into account. [HEADING=2]Fundamental Analysis of Forex - EUR/USD[/HEADING] The meeting of the European Central Bank will take place on Thursday, September 8. Will the EURUSD quotes continue to decline? It is predicted that the ECB will raise the rate by 0.75% to 1.25% from the current level of 0.5%. Inflation in Europe in August this year amounted to +9.1% y/y. It is worth noting that the Federal Reserve System rate is now higher and is 2.5% with US inflation of +8.1% in July. The United States Consumer Price Index for August will be released on September 13th. The next meeting of the Fed will be held on September 21. According to CME FedWatch, the Fed rate will be raised by 0.75% (to 3.25%) with a 76% probability. In theory, higher US rates and lower inflation could push the EURUSD down further. On Wednesday, September 7, significant data on GDP in the 3rd reading for the 2nd quarter will be published in the EU. [/QUOTE]
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