📌 ridethepig | Gold Market Commentary 19.01.2021 A basing formation with Gold, which does not require to create a 'double bottom' pattern, is undergoing a direction change. It advanced as far as our $1,960 target and has found cramps. Finally, there is the opportunity for a breakthrough. As an example of this, let us turn to the well know diagram ' Gold...
📌 ridethepig | EUR Market Commentary 18.01.2021 Here to kick the week off with the first moves we have buyers choosing to defend the 1.207x bids, protecting the support level and relieving the channel structure of this duty so that it can become a bit more appealing possibly for a slingshot. The next moves higher in EURUSD can be the start of a swing that...
After one of the most unexpected years, I thought I should take a step back and look at macroeconomics a little bit, at one specific chart that I've been watching. That is the German Government 10-Year Bond Yield (DE10Y). I've been anticipating a signal in that chart that will indicate massive shift in global market trends and will bring us closer to the next...
📍 A quick update here on the elements of EUR and USD Ending the 'C' part in the swing down has been a hard struggle and with such a problem a surprising retreat is expected. Buyers are threatening to bottle up their opponent. A pullback in EURUSD towards 1.15/1.14 will make things a lot easier: Inflation is demanding a return, after sufficient...
My long time followers and readers know two things about the bond/credit markets: 1) They are by far the largest markets in the world even dwarfing the Stock/Equity Markets. 2) If you want to know where the Stock Market is going, look at the 10 Year Bond Yield (TNX). Of course, some argue that things have changed due to central bank money printing propping...
Descending triangle in retrograde x Fibonacci. Buy limit to be placed on the 0.236 level with first target being the 0.618 level. Good luck and follow me for more
📌 @ridethepig G10 FX Market Commentary 17.12.2020 - EURGBP This line illustrates how we can attempt picking a fight with the winning side. It is a characteristic for confidence to see price getting rejected each time it dips below 0.900x, while when above, buyers have the ability to roam anywhere, they are in full control! Here the weakness is isolated to...
📌 EURUSD - Yearly Buyers how hold a solid position, since the previous two outside candles over the past 30 years were essentially sellers biting into granite (the protected support). The solidity of an outside candle which show in itself the fact that 'eurobonds' are a game changer and troubled sellers cannot open the lows. Eurobonds Positional Play The...
EUR/JPY has recovered nicely from the corrective low of 125.83 and is currently testing short-term key resistance at 126.49. A break above this resistance will confirm the completion of the correction and the on-set of the next impulsive rally higher to 129.06 but ECB expecting U-TURN STRONG EURO towards Downside correction First. Any positive comment sends EUR...
Good morning traders, Our today's Trade of the Day has already reached on of the profit targets and is currently trading 100 pips in plus. Now, here's a FIST update on EUR/USD. FIST stands for Fundamental, Intermarket, Sentiment, and Technical analysis. Fundamental The weak dollar pushed the EUR/USD pair higher and caused a break below the important 1.20...
NFP is threatening the breakdown in EURUSD and across G10 pairs. The flows, with centralisation focused on the dollar follow profit taking and an early advance. This can be exploited and is easy to understand what is in play (as with NZDUSD). We have our shelter at 1.215x which is our ceiling, the next step is to look for areas of value to the downside. In...
An interesting development on DAX after the planned highs last week. We will go through what does it mean, how is this an advantage to sellers and when is it appropriate to add to the position. The same focus can be applied across the global equity board. Resistance can also be conceived with the presence of stimulus; but total restraint, which reigns from...
Barnier comments on 'no deal is still possible' well illustrating the strategic skill of negotiation. UK has sadly been completely outplayed, not by any fault other than some simple Etonians sticking about fisheries which is 0.02% of GDP...Hard to understand how we ended up here, most £500m private companies would never dream of hiring Johnson as CEO or Sunak as...
Hi, no deal Brexit is NOT priced in ( IMHO ) If we want to get it right, I'm not saying that there will be no agreement in the last second ... The point is, if there is NO agreement .... I dont even want to think about all those pound buyers .... Oki, longs in play 0.8990 / 75 and again 0.9045 / 30 Stop below 0.9018 First target 0.9140 Second target 0.9300...
📌 After completing a second test of 1.20xx, profit taking entered into play with the fix yesterday. Dollar is clearly restrained by Fed and WH prevention and then by a later of risk hedge clearings . Before I present the usual schematic representation, we should look at just how difficult the environment is to play correctly with timing these reversals. As...
Heading towards major resistance; currently in consolidation. RSI>50 Stoch oversold Good luck and follow me for more
Hello, we are currently testing the so-called the "line in the sand" for both buyers and sellers. Defending the current levels will allow sellers to retest at least 1.1500 / 1450. The breakout through 1,20 ( based on daily close ) opens : 1.2160 / 2250 and 1.2500. As long as under 1.20, and everyone sells the dollar, the counter move can be a kind of solution,...