bearvsbullmarket

bearvsbullmarket

After its recovery state before, during, and after the Brexit implementation, Pound was able to outperform several of its forex pair including the dollar -- being able to rise, and stay, above the 200sma, a long-term trend indicator. After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals...

bearvsbullmarket

For several days, I've seen several people battle between whether to long or short the AUDUSD pair. Longs would say, "it broke the trend line, go long." Shorts would say, "don't you see that lovely bearish pin bar right at the resistance? Short!" In my opinion, it is better to wait for a confirmation telling where this supposed pair would be heading to. The...

bearvsbullmarket

As we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I...

bearvsbullmarket

After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the...

bearvsbullmarket

Similar with my previous analysis for Silver (XAGUSD), Gold (XAUUSD) has been on consolidation mode for days longer than Silver (XAGUSD) has been. Despite the good number of US GDP data, Gold (XAUUSD) continued to push higher which seems that it is poised to reach the monthly resistance seen around 1,290 area. No forecast for what will happen after reaching the...

bearvsbullmarket

For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP. Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher...

bearvsbullmarket

Last week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend...