The paper successfully tested a new height and is moving higher. Fundamental factors are on its side. It traded. I recommend to take with fast targets to 33. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the...
➡️ Metals rallied sharply amid risk appetite, a weakening dollar and declining yields in the US. GOLD has reached the level of $1813 . The metal is trading near the top with continued bullish momentum. The rally is strengthened by the correction of the US dollar and the moderate recovery in US bonds. US equities are trading mixed, but not near lows, which also...
Traders, USOIL has been breaking all short opportunities and is very over extended. Watch USDCAD for clues. If and when USDCAD will start to rise there are chances that will start to fall. There is a pattern there and it can fall any time. This fall will be sudden possibly based on some sort of news event with careful planning of their geopolitical agendas....
And so, as predicted, Gold is feeling the strongest pressure from the US dollar. There is no need to wait for indulgences from the American yet. The instrument will clearly return to the support area 1723 - 1740. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, oil once again confirms its current desire to go up and fixes new highs. But the rapid growth cannot continue forever, although everything is turning out in favor of "black gold". Further movement of oil will depend on the dynamics of the US dollar, and the US dollar foreshadows further strengthening. Remember, there is no place for luck in trading - only...
And so, after a strong uptrend rally, the pair is likely to decline. It is unlikely that the price would reach the level of 110.695 (already well-formed support level). Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the...
And so, oil continues to demonstrate a fighting spirit. Growth is expected to continue. The focus is on the area of resistance 76.15 - 77.85, from which a downward correction is expected. After that, the price is very likely to continue to grow further. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, after a strong breakout last week for Gold, the price should not be expected to rebound. The likelihood of this scenario is minimal. Now either a balance would be formed or the price would go down further (most likely). Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
This is my idea for Oil Price movement until year end. Half way from Tech Analysis and Fundamental WE WILL TAKE IN CONSIDERATION Price History Some Political / Economical rumors / idea Weather incidence General Market Stock Price PRICE HISTORY 2019 Average prices between 50$ and 65$ (15$ movement) 2018 There was a small Pump but from...
Thought of this as I saw the further-out Dec'22 & Jun'22 6-months spread flipping through the closer Jun'22 & Dec'21 ; the historical examples are given in the chart in green circles. Seems like oil is looking higher from here as per the indication of the attached chart. Let us see how this unravels.
And so, oil is definitely on a strong rise and opening sales can be very, very risky business. But the situation that has developed suggests that the oil can adjust and then may be further go up again. For this scenario, the price needs to dive below the 73.55 level. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, there is every likelihood that the instrument would carry on to consolidate in the 1.17530 - 1.18025 zone. However, fixing the price above 1.18025 (which could potentially realized) will strengthen buyers and push the Euro upwards. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
And so, further growth of the currency pair will be difficult when approaching the high of July this year (~ 0.92345), where strong resistance is located. In general, the currency demonstrates positive dynamics and technical analysis suggests that buyers do not intend to ease the onslaught. Remember, there is no place for luck in trading - only strategy! Thanks...
And so, the instrument is located between the levels 1.42100 - 1.35690, which, respectively, are the key lines of resistance and support. The medium-term movement of the GBPUSD depends on these levels. At the current stage, there is a suspicion of the formation of a "triangle". Most likely, the price will be within the limits of this (possible) formation. In...
And so, gold is making attempts at stubborn resistance at the level of 1794.835 after the price break down. In case of failure, the instrument will have to go down to the level of 1769.045. If gold can strengthen at current levels, the next mark is 1812.325. For further growth, the instrument needs to be fixed at the level of 1830.495. Remember, there is no...
And so, given the strength of the US dollar at the moment, as well as the fact that oil prices are likely to decline in the near future, the Canadian will weaken. The 1.26320 level is a good starting point upwards. The first expected target is located at the level of 1.27339, then, potentially, nothing should prevent the price from reaching 1.284460. Remember,...
And so, the currency pair still cannot overcome the zone 1.18595 -1.19165. This fact does not bury the Euro at all, but forces it to retreat, first to the level of 1.18025, and secondly - to 1.17530. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.