Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business &...
Conclusión: Después de la explosión, se está acomulando aún así durante esa acomulación podemos ver como está cerca de retestear el P3 de la tendéncia alcista, cosa que podría hacer; aunque teniendo en cuenta que se nos ha creado un HCH invertido que está siendo retesteado, si nos confirma ese retesteo puede que ya suba directo, de todas maneras, esperaremos un...
Hi Traders For the start of the week I would watch USDJPY. The region around 109 did act as resistance a couple of times ago (The picture shows just 1 resistance but when you go back in time, you will see turned short from there a couple of times). The last 8 houers before the weekend looked like this will be the same this time. As the Hitman indicator did not...
gbp-aud downtrend in short term rebounded from supply zone around 1.90500 below SMA 100 MACD shows negative divergence ,bearish momentum RSI under level 50 breaking level 1.89700 as short term bottom confirming bearish momentum to demand zone around 1.8700
In contrast of many traders, I see a huge increase in this currency in 2020. at first, you can pleasure form this rally! HEAD & SHOULDER is going to complete at the moment. so I extremely suggest to having a ling position :)
The short term market consensus for GBP/USD have change to Bearish We will execute a sell signal with the following data: Global Entry Signal: Sell @1.29915 Global Trailing Stop Loss: @ 1.32887 Global Target Profit: 0.76419 Trading is risky There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely...
I believe that the descending wave in this currency is probably will finish in 1.28--1.2760!
On Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
The technical picture on the USD/CAD currency pair is still ambiguous. A temporary low is formed at 1.3115 in USD/CAD and intraday bias is turned neutral first. Further fall is expected as long as 1.3205 holds. A clear break below 1.3115 (38,2% Fibo retracement on the daily chart) will resume the decline from 1.3327 and target 1.3042 key support. Sustainable...
Strong bullish move for EUR/JPY as it decisively breaks out to a new trend high, and clearly moves above the 34-week exponential moving average (ema) (orange line on weekly chart below). The 34-week ema has acted as resistance since approximately September 2018. In addition, the internal downtrend line has clearly been broken, another bullish sign. The odds now...
USD/CNY: Two detailed bullet points ; Series on Currencies(feedback's always welcomed) - 7th of December 2019 First of all, this chart is simply a guide on how to analyse Dollar:Renminbi as a trade war proxy. As there are many economic variations and possible outcomes for 2020 at this point in time, I will not give recommendations for this chart. These are...
The pair is currently trading within a 1W Channel Up (RSI = 46.650, ADX = 20.166, Highs/Lows = 0.0000) since the August bottom on the 0.65400 Support. It is currently on the Higher Low trend line which technically is the optimal long entry towards the 0.69500 1W Resistance, which is our medium term target. Upon reaching that level, AUDCHF would have made a Higher...
Risk overall continues to ebb and flow on US-China trade uncertainty and looks somewhat asymmetric, tilted to the downside, based on our view that the HK Bill if passed through the House of Reps could seriously complicate trade talks and the signing of Phase 1. Stock markets are on the rise, and the risk-on atmosphere is weighing on USD, JPY and gold. Last week...
The short term market consensus for CAD/JPY have change to Bullish We will execute a buy signal with the following data: Global Entry Signal: Buy @ 82.30 Global Trailing Stop Loss: @ 81.574 Global Target Profit: @ 84.478 Trading is risky There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky....
I am doing an update on the previous EURUSD sell signal slightly moving my Target higher at 1.08300. So far both the long term (1D chart) and short term (4H chart) indicators and patterns have provided accurate entries as seen by the following ideas: At the moment the new Channel Down is on the consolidation phase around the 1D MA50 (blue line as seen...
The pair is on a strong 1D Channel Up (RSI = 61.239, ADX = 42.796) since the rebound on the 0.82450 Support. This support level has been holding since 2015 and we are expecting this rebound to be extended on a much longer time frame. If the 2016 sequence is replicated then, after a short rejection on the 1W MA50, the pair should reach the last 1W Resistance. This...
AUD/NZD showing small Accumulation Pattern on an untested level I had marked at 1.05662. Expecting a slight upward reversal so I am long. Taking profits at S/R levels.
Every wealthy person & government on the planet owns gold as apart of their asset portfolio. That’s all the explanation you’ll ever need for buying gold after breakouts on daily & weekly levels.