The_Greek_Trader

The_Greek_Trader Updated 

We saw the recent weakness of XAU/USD validating the crucial level of 1263$ and fighting the mid-term trend line from 2016. After creating a little support with a short pull back at 1242$ level it tried again to break and validate previous top at 1263,50$ but still hasn't achieved new highs. At this moment short term momentum is bullish but mid-term he have no...

The_Greek_Trader Updated 

e see lately the rally of the natura gass trying to change it's trend upwards. Some traders might disagree and they think that natural gass already change it's momentum. Yes i agree with them short-term but i stronly believe mid-term momentum isn't change yet and they should be cautious.. There is a possibility to witness a bearish flag pattern and nothing more...

The_Greek_Trader Updated 

Silver started this week with a small gap up favoured by the decline at stock market and the decreased value of USD. Both these facts triggered by the incapability of president Trump to pass the new healthcare system. Dollar slipped and broke the neck line of the head and shoulder formation that occured. Uncertainty started rising about the power that president...

The_Greek_Trader Updated 

Mu's rally from 11$ to 29$ seems to be ready to have a short-term pause. We had a big 2$ exhaustion gap to digest this move hitting upper Bollinger Band. We can also see Stoch RSI reaching overbouhgt levels. Cmf also in critical levels showing lack of money inflow at these levels.. As it seems MU stong propably is going to fill this exhaustion gap. BS AT...

The_Greek_Trader Updated 

Watching the Palladium's daily chart we can see the weakening of the trend as price can't continue reaching the top line of the up-trend channel. There is also one great resistance at 810 area well respected. We can also see the big red engulfing candle that occurred yesterday. Last but not least we can notice the Macd's divergence with the Palladium's price...

The_Greek_Trader Updated 

Recently 'war' on Bitcoin lead a lot of traders of digital cryptocurrencies to move to others options,such as Ethereum. Ethereum`s triangle ABC broke upwards. We can see that if we clone the BC side of the triangle ABC and move it up to AD we created the first target T1 which it was already reached. Second target T2 it`s created if we clone AB side and put it at...

The_Greek_Trader Updated 

Recent `war` on Bitcoin lead a lot of traders of digital cryptocurrencies to others options,such as Ethereum. Ethereum`s triangle ABC broke upwards. We can create the first target by clone bc side of the triangle and move it upwards to AD. We can see that the first target is already reached. The second target T2 it`s created by EF if we clone AB side and put it at...

The_Greek_Trader Updated 

As i previously published i remain long on GOLD for many reasons,some of them explained.We have a good correction after the last rally of gold. As we cansee it bounced down from the medium-term trendline that it has been tested a lot times since 2016. Plus a stronger dollar after Trump speech and more aggresive rate hike announced by fed pushed down gold. But we...

The_Greek_Trader Updated 

We saw as i said on my previous article 'LAST CHANCE TO BUY XAU/USD' ON 3/03/2017 ( ) a dip on gold until 1,200 $ psycological level and a little bit down to a strong resistance at 1,996 $ because of the hawkish announcement of the F.E.D. After yesterday's more dovish speech and on forecast raise by 0,25% of rates market felt more comfortable. USD fell At the...

The_Greek_Trader Updated 

As we can see crude oil is looking for support at trend-line and the 200MA plus 50% fib retracement level. Saudi arabia's increased output by 10M barrels was the cause for this decrease in price. Today United states Crude oil Invetories were down 237M barrels vs the forecast and that plus F.E.D decision gave some fuel to the price. Technically we can see the...

The_Greek_Trader Updated 

Bitcoin's gorgeous rally created a lot of friends but also made a lot of enemies.. It's not about the 'hash' or the 'Hard Fork' it matters who is behind all that and what purposes has. To be more specific bitcoin is a digital decentralized cryptocurrency that cannot be controlled by institutions.I know what you thinking,yes there are a lot of digital...

The_Greek_Trader Updated 

Gold is fighting it's 200EMA trying to change it's main trend up. After recent rally because of more dovish stance fromn F.E.D gold paused at 1230 area running out of fuels and digesting this move finding resistance from it's 200EMA. After reaching 1250-1260(50%FIB level plus 200MA) i am expecting a big correction move that will create an initial bottom(maybe...

The_Greek_Trader Updated 

Natural gas verified the neck line of the double bottom pattern(or reverse head and shoulders) at 2.865-2.885 area. Remain neutral because of the month we are in.. Possible sellers at 2.885-2.900 area and good resistance at 2.885-3.100 area from trendline and 200MA. Possible buyers at 2.550-2.600 area..

The_Greek_Trader Updated 

NATGAS after it's rally reached it's 1)200EMA,20)it's mid-term channel boundaries and 3)61,8 FIB level has bounced back to 3,030 level. Weather forecasts can't give more fuel to this rally due to the time of the season. Big contracts have already signed this period that could help the price of NATGAS brea 3.100-3.200 levels. Top is near that's why i am going...

The_Greek_Trader Updated 

Last weeks we had a lot catalysts on Bitcoin,some of them were the desicions for regulations on it from Bank of China through the chinese exchanges.All of the three major Chinese exchanges – OKCoin, Huobi and BTCC – announced at the beggining of this week that they will start Bitcoin withdrawls but it was just yesterday that announced that they will postpone the...

The_Greek_Trader

As i predicted the gold rally at the end of year 2016,i was waiting that correction from gold..A lot happened to force gold retrace.First of all we had the mental barrier of DOW reaching at last 20,000,which is showing that the stock rally is still in progress.Second we had the lack of demand from China because of the chinese new year's eve.Third the dollar seems...