My posts are going to continue to be really simple because I believe in fundamentals and I believe in the long term. My first chart shows how no change happens if we simply recover by the end of the year. The chart won't change much if we go into a full on downtrend and lose even more market cap as well. Some people will continue to hold and some people will...
I'm posting a chart with absolutely no trend-lines, pennants, or any other sort of TA attached for one simple reason; I want to turn down the noise and just reflect on what's happening. Imagine a spring. When you compress or pull the spring and release, it moves back and forth until it finds equilibrium again. The market also acts as such except the spring...
Fundamentals of yesterday perfectly broke the 1.29 level. After the break there was a visible consolidation; during the US session this day we might see a move, with CAD GDP on the agenda. If it moves below 1.2830, bearish outlook. If it moves above 1.29, bullish outlook Take a look at yesterdays USD/CAD setup:
A list of bearish Signals: Hidden Bear Divergence Top of BBands Existing Downtrend Rejection of Resistance after upward retrace
The Swiss Franc is achieve his highest approximately since the BREXIT Referendum (23/6/16) for it, this pair perhaps breaks the first support price and decrease fasterif the GDP data of UK is more lower than expect... in addition this week the BoE is going to adjust the interest rate (15% probability) due to positive economic data released the previous week.
EVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES ! TAKE CARE AND GOOD TRADE www.twitter.com There is...
EVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES ! TAKE CARE AND GOOD TRADE www.twitter.com There is...
Hey traders, I like a short here at the completed smaller Gartley pattern. There is confluence on the higher timeframe and the data was not as weak as the market would suggest. Looks more like a brief rally that will be followed by continued weakness. Cheers
I’ll be paying attention the CAD GDP this evening, as a surprise could present. The USDCAD has been trading in a 100pip range (1.2280 and 1.2380), a break of the support could see price extend toward 1.2100.
As we look at the GBP q/q GDP, with an expectation for performance to hold the same (at 0.4%). This may represent a trend following buying opportunity for the GBPUSD, especially if the GBPUSD holds above 1.42. In the evening, we have US q/q GDP, expecting a data slightly worse than previous. This will be a data release I’ll be avoiding, due to 3 reasons, A...
This double chart have one and only purpose... to simply destroy any king of idea about the S&P that could be about to perform crazy like it did in the 1995-2000 rallye. That's just non-sense and purely stupid. Not only the context is totally different... cause back then the GDP was the true gas of that rallye... as today everyone knows that we will never be able...
For anyone who has a deeper analysis on trend, here is an extra fundamental variable.
GBP/JPY ready for a considerable directional movement. The chart is testing the 148 fibonacci price level together with a possible triangle pattern. Datas on UK's GDP will play a fundamental role today.
I am more leaning towards the sell because of economic principles; The European Central Bank as decreased its bond buy activity which means they are pumping less money supply into the economy and in other terms, since they are not spending money in buying bonds, GDP must decrease to some extent if all other variables are constant. The formula for GDP is = C + I +...
Fundamentally we know that GBP is strong and that CAD is weak. GBP had a good beat on GDP data yesterday. CAD has been weaker due to the neutral/dovish statements made yesterday by the Bank of Canada. There was a large initial move yesterday and we are currently in a pullback. While in the pullback the a Triangle/Wedge/Pennant formation developed. I know they are...
US GDP will be released at 8:30 ET, in 40 minutes. I believe the USD will weaken as a result of a lackluster report. Short term EURUSD target for weakening USD and stronger European prospects.
Having broken through the previous 1.22 - 1.26 range off the back of the general election announcement, GBPUSD appears to have established a new range between support at previous resistance (1.26) and new resistance at 1.3 the 1.3 level has now been tested for a third time, with what appears to be a false break earlier this month. News tomorrow supporting the...
Gold 0.06% been trending upwards nicely in a channel, off an inverted H&S bottom and break of the downward channel, pushing through some key levels. Lots of data tomorrow too in EU and US. Could push this around and give us continuation or a breakdown. The channel is clear and some other decent levels to watch for opportunities, keep an open mind on direction...