The price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year...
On the Daily Chart , market breaks the sideways consolidation and break towards the downside.
With the Wed 2 Jan Asian Market Flash Crash, the market touches the Major Support on the weekly chart and provide a potential selling opportunity on the 1-hourly Potential Sell Zone.
I need more confirmation to look for potential selling opportunity, just subscribe to...
Today the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals...
USDJPY has a major retrace last week and this could be the result of President Donald Trump shared on Social Media that the Fed has gone crazy in, increasing the interest rate;
it could be just the market retracement.
In anyway, the retracement is well supported at the previous resistance area, let's see how market forms up.
USDJPY on the Daily Chart remains Bullish.
USDJPY on its daily chart is still on the bullish run but as you can see on the daily chart, market close with a pin-bar having the tip of it touches the previous resistance.
On the 4-hour chart, I'm waiting for a retest of the high and preferably a pin-bar form for my shorting opportunity.
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Last week, NFP news came out. Bullish report for the USD, but the unemployed rate has gone up, crushing the bullish expectations. Donald Trump has also announced trade wars with China. Making the overall news bearish for the USD.
Trend analysis shows that it's about time Gold will go up.
We've all been reading about the trade war heating up and so investors are naturally moving to the safehaven currencies. I'm feeling confident of a strong move towards 147.00 which is the weekly low, once the key fib level has been broken.
His tour is just for signs of contracts and tactics.
So bitcoin will still spike but only before the war.
Money already flows between landelites.
segwit2x is just a distraction, read pls who is signing and who is the major moneydaddy of these companies.
Just connecting all wires without feelings, its an idea
USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair.
I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns.
- The Market on Friday's close was on the level...
-Continuation pattern to support uptrend.
-Once it breaks out 21,032 level, it will swing up to 22,000 level.
-Moving averages are still supporting current trend.
-A wise old man once said, "the trend is your friend till it breaks"
SPX 500 Hit some interesting zones today, didnt exactly follow my projected path to the T, never the less it hit the 79% Retracement Zone and reversed so sharply. This can also be a possible false move downward so I'm neutral and waiting for confirmation.
The general market does look quite weak at the moment. PNRA hype seemed to have subsided and bigger Investors...