ForexScientist

ForexScientist Updated 

Some short term trade ideas based on this monthly demand zone and the upcoming daily supply. There has been significant short closing activity in the COT disaggregated reports lately which I think will send Silver price higher. Trade with care, Zack

ForexScientist Updated 

The weekly chart just extended to the lower line of the fork. Looking at all metrics and COT data together, this may be the turning point. Trade with care, Zack

ForexScientist Updated 

The pair hit a weekly supply zone and almost took it out. Now pulling back from the top and coming close to a demand zone. I expect another reaction in the demand zone off the upward momentum line. Eventually I expect the weakening of momentum and falling further down from the current weekly supply zone. Any short will have to stop above the current weekly...

ForexScientist Updated 

Gold has been weakening as a result of USD strength and some seasonality. With large institutions at their extreme low point of long positions and extreme short positioning, Gold can't drop much longer. Non-commercials have already started building their long positions based on the COT-Legacy report. The Other Reportables in COT-TFF report are also at a very...

ForexScientist Updated 

Price stalled after few weeks of continuous drop. The daily down momentum line broke, but we saw a huge long contracts closing (not renewing) in the COT-NonCommenricals report. The D-SZ is where it all happened. If price manages to break the current short term down momentum line, we can get a long entry on a pull back. The momentum line can also be used a short...

ForexScientist Updated 

Looking at the price structure, the AUD seems to be the stronger than EUR at current levels. The upward momentum line stalled and now broken. The SZ shown in the box managed to break a support level, would be nice to get a short from there. If that doesn't work, the other SZ above it should. Trade with care. Zack

ForexScientist Updated 

AUD just cleared one barrier on its way up. The D-SZ has already been used up and didn't do much for down pressure. We could get a Long here. Zack

ForexScientist Updated 

Considering that NZD was around today's LOD last time BOC raised rates to 1%, and that today's unchanged rate, and also the low probability of another raise this year based on BOC statement, going long on NZD against CAD seems a reasonable trade. Similar to the AUDCAD trade, I have a feeling that this are indicated on the chart will be a demand level in the coming...

ForexScientist Updated 

Have a feeling that this flag area here will be a demand level later toward the red dashed line up on the chart: so a small long position started here

ForexScientist Updated 

We might see some hurdle at the red line, I'm thinking it'll pull back if there is any point for it to stop running will be most likely at that line) to one of the two regions below too shoot up again. Let's see.

ForexScientist Updated 

I think AUD is going down, looking at the 1H chart, there might be an opportunity to take a short. Im hoping it gets to that prices then breaks down the zone at the lower area. If it manages to go through up through that area, there are other short opportunities further up. I'll update.

ForexScientist

Waiting up there for the price to get there, placed a short order.

ForexScientist Updated 

Will look for some Short a bit up with SL slighly above the top line. Has to bounce back before moving all the way up if that happens at all.

ForexScientist Updated 

It's not the best Short but the risk is tempting, the price has bounced back from this level twice already which makes it a bit low quality.

ForexScientist

Just putting this Short order up there to catch the first touch of the bottom line.

ForexScientist Updated 

I'm not expecting it to go over the 89.10 drop point, but let's see how it goes. Risk is reasonable.

ForexScientist Updated 

I'd like this order up there waiting for post AUD data effect. Let's see!

ForexScientist Updated 

We are in a daily buy zone so trying for a quick Long here. The AUD data is coming up which is why keeping SL close.