ETHUSD: Harmonic structure offers fresh long entries!

  • 17/07/2017 07:13 AM
  • Amir El Araby
  • 310
  • 5
  • 4
  • 0

By examining the daily charts of ETHUSD, we easily can notice that, prices have dropped sharply during the previous period after putting in 413.00 to be a significant short-term peak as seen on the provided chart below.From a pure harmonic point of view, it seems that, prices have drawn a bullish Bat pattern after placing 133.00 where a good bounce have started.With that in mind, we believe...

See More

Update: NZDUSD adopting favorable reactions to the bearish scenario

  • 11/07/2017 11:39 AM
  • Amir El Araby
  • 695
  • 1
  • 0
  • 0

On June 26, we have discussed the classical probability of showing debasement on NZDUSD. The pair has adopted favorable reactions to the negative catalysts as seen on the following charts.What is next?The negative factors are still appearing on the daily chart and we still believe that, prices will go downwards, aiming to experience the classical support of 0.7065 over short-term basis.Of note...

See More

Euro STOXX 50: What’s next?

  • 04/07/2017 12:03 PM
  • Ahmed Mamdouh
  • 871
  • 4
  • 3
  • 0

The EURO STOXX 50 has succeeded in breaching the main descending trend line shown on the monthly chart, while the movement of the index within the ascending channel stabilizes at 3,484 levels.With the negative pressure appearing on the RSI momentum indicator, the EURO STOXX 50 will re-test the breached trend line areas and then resume rising towards the upper line of the aforesaid bullish ch...

See More

North Korea fired a missile, Yen strengthens, NZDJPY under technical microscope

  • 04/07/2017 07:41 AM
  • Amir El Araby
  • 885
  • 3
  • 4
  • 0

North Korea announced that, an Intercontinental Ballistic Missile (ICBM) was fired in the air for 40 minutes, ordered by Kim Jong Un.North Korea said, the missile reached a maximum altitude of 2800 kilometers and that it could reach any place in the world.Accordingly, we have witnessed a strong downside move on JPY pairs, as Japanese yen strengthened across the board, acting as a safe haven....

See More

NZDUSD on the verge of magnificent reversal

  • 28/06/2017 07:26 AM
  • Amir El Araby
  • 898
  • 4
  • 4
  • 0

By examining the daily chart of NZDUSD pair, we will see the following signals that argue us to be bearish over short-term basis:*Yesterday’s shooting start candle that was drawn after re-experiencing the strong resistance levels of 0.7330.*Yesterday, MACD has overlapped negatively for the first time since February 08, 2017, while February crossover sent it strongly to the downside after for...

See More

Barclays shares resume drop amid fraud allegations

  • 21/06/2017 11:48 AM
  • Ahmed Mamdouh
  • 879
  • 3
  • 3
  • 0

Barclays shares continued to trade lower on Wednesday amid allegations by the U.K.’s Serious Fraud Office (SFO) to the lender and four former executives.As of 09:11 GMT, Barclays shares were 0.81 percent down to 201.15 pounds in London Stock Exchange, paring some of the earlier losses when it tumbled more than 1 percent. Barclays shares lost 1.69 percent the previous session as it close at 2...

See More

Nikkei: Bulls thwarted at PRZ of bat pattern; more debasement in store

  • 06/06/2017 10:06 AM
  • Amir El Araby
  • 930
  • 10
  • 12
  • 0

Nikkei 225 has dropped yesterday after placing the short-term significant high of 20375.00 influenced by the report about Russian hacking into a US company that provides voting machines.Actually, bears have been waiting in the zones of 88.6% Fibonacci retracement of the XA leg of the suggested bearish harmonic bat pattern. Since the aforementioned high may act as the PRZ (Potential Reversal Z...

See More

Crude Oil: Bulls are charging!

  • 01/05/2017 10:45 AM
  • Amir El Araby
  • 957
  • 15
  • 26
  • 0

Crude oil has moved to the downside during the previous two weeks after touching areas of $55 per barrel. Oil is currently flirting with 49.15 regions, but we may see it building a technical base to resume the upside wave according to the reasons mentioned below.Actually, we are bullish based on the wedge structure, which is still incomplete as seen on the above provided graph and we see how...

See More

GBPCHF: Connected harmonic structures suggesting potential debasement

  • 20/04/2017 11:37 AM
  • Amir El Araby
  • 1176
  • 54
  • 60
  • 0

After bottoming out in the 1.20 zones, the GBPCHF pair has inched higher within three waves that created potential bearish harmonic AB=CD pattern.This main harmonic formation has contained another potential bearish harmonic Crab pattern inside ABCD waves as seen on the provided GBPCHF four-hour chart below.With that in mind, we believe that, some kind of debasement could be under preparation.A...

See More

Results of FxComment prepaid signals for March / 2017

  • 06/04/2017 07:55 AM
  • Amir El Araby
  • 1144
  • 49
  • 61
  • 0

Statistics of 2017:Total pips gained for the closed positions in March / 2017 = (+51 Pips)Total pips gained for the closed positions in February/ 2017 = (+507 Pips)Total pips gained for the closed positions in January/ 2017 = (+526 Pips)Monthly average in 2017= (+361 Pips)Total pips gained for the closed positions in 2017 until now: (+1084 Pips)Total pips gained in the closed positions of 2016: (+...

See More

Results of FxComment prepaid signals for February / 2017

  • 01/03/2017 09:17 AM
  • Amir El Araby
  • 1074
  • 48
  • 57
  • 0

Total pips gained for the closed positions in February/ 2017 = (+507 Pips) Total pips gained for the closed positions in January/ 2017 = (+526 Pips) Total pips gained for the closed positions in 2017 until now= (+1033 Pips) Total pips gained in the closed positions of 2016:  (+4925 Pips) Monthly average in 2016= (+410 Pips) Notes: *In our risk management plan explained in the premium page, the p...

See More

Technical Analysis for Johnson & Johnson Share: Positive Catalysts Supporting Bulls

  • 20/02/2017 07:58 AM
  • Amir El Araby
  • 1121
  • 50
  • 59
  • 0

Johnson & Johnson share is presently trading near the upper line of the classical broadening wedge pattern as seen on the provided daily chart where it stabilizes in the 118.86 levels. Technical Catalysts: A harmonic crab pattern is under construction with a confirmation above B point. Breaching through the upper line of the classical pattern will add more solidity to the bullish scenario. M...

See More

Results of FxComment prepaid signals for January / 2017

  • 27/01/2017 07:00 AM
  • Amir El Araby
  • 1074
  • 49
  • 59
  • 0

Total pips gained for the closed positions in January 2017 = (+526 Pips) Total pips gained in the closed positions of 2016:  (+4925 Pips) Monthly average in 2016= (+410 Pips) Notes: *In our risk management plan explained in the premium page, the position equals approximately 1% of the equity; accordingly, the 100 pips= 1% approximately up and down. Additionally, we put in our consideration the v...

See More

Classical targets for IBM share

  • 25/01/2017 11:14 AM
  • Amir El Araby
  • 1089
  • 53
  • 58
  • 0

IBM share has been able to breach through the neckline of the classical inverse head and shoulders pattern along with clearing the resistance of the broadening wedge pattern where it stabilized around 175.90 regions. The confirmed breakout is fair enough, but another break above 176.30 will trigger further appreciation, targeting 191.6 followed by 200.00 psychological and 215.90 respectively. Ass...

See More

Harmonic targets for General Motors (GM) share

  • 11/01/2017 13:03 PM
  • Amir El Araby
  • 1067
  • 45
  • 55
  • 0

General Motors share has been able to breach through the sloping resistance line appearing on the weekly chart whereas it succeeded in retesting it before inching higher again to stabilize around 37.35 regions. Potential targets for the connected harmonic Crab patterns reside at 42.50 levels after stabilizing above the neckline of the bigger pattern. Corrective actions are awaited from 42.00 leve...

See More

Potential harmonic targets for Amazon share

  • 09/01/2017 09:30 AM
  • Amir El Araby
  • 1150
  • 48
  • 57
  • 0

Amazon share has been able to breach through the red line of the symmetrical triangle in addition to clearing the B point of the bearish harmonic crab pattern to stabilize around 796.00 regions. We believe that, Amazon will target 804.00 levels followed by 826.00 where it completes the triangle, touching the PRZ- potential reversal zones- of the harmonic pattern as far as it stabilizes above 782....

See More

Technical analysis for twitter share

  • 03/01/2017 19:02 PM
  • Amir El Araby
  • 969
  • 46
  • 58
  • 0

Twitter share has been able to breach through the neckline of the classical pattern (H&S) seen on the four-hour chart, stabilizing around 16.30 levels. Moreover, we can see fine symmetry between the right shoulder and the suggested 5-0 pattern. The technical targets of the classical structure reside at 14.00 regions followed by 11.80, 10.50 and 8.00 respectively. Of note, we believe that, som...

See More

Crude oil: Butterfly over H4 offers fresh sell entries

  • 12/12/2016 11:25 AM
  • Amir El Araby
  • 1000
  • 44
  • 54
  • 0

The four-hour interval of crude oil shows that an upside gap has been recently formed hauling oil towards 54.50 regions. Crude oil movements have been dominated by a fine Fibonacci symmetry that drew a bearish harmonic butterfly pattern as follows: B point met 70% Fibonacci -closer to 76.4%- of XA leg. CD leg started at 62% of AB leg Signs of trend exhaustion appeared in the 54.50 territories ac...

See More

EURJPY: Reasonable bearish actions; more negative pressures in store!

  • 28/11/2016 14:55 PM
  • Amir El Araby
  • 949
  • 11
  • 21
  • 0

By examining the daily studies of EURJPY, we easily can see how price behaviors have been dominated by a fine Fibonacci rhythmic that is close to be a butterfly pattern with B point placing above 61.8% Fibonacci retracement of XA leg. With that in mind, the three corrective waves from A point could be a preparation for resuming the major bearish direction over medium-term basis. Indeed, today’s c...

See More

Results of FxComment prepaid signals for 2016

  • 24/11/2016 11:13 AM
  • Amir El Araby
  • 945
  • 10
  • 21
  • 0

Total pips gained in the closed positions of 2016:   (+4925 Pips) as seen on the chart below. Monthly average in 2016= (+410 Pips) Notes: *In our risk management plan explained in the premium page, the position equals approximately 1% of the equity; accordingly, the 100 pips= 1% approximately up and down. Additionally, we put in our consideration the value of the pip for each pair. * According to...

See More