Golden forecast for next week! Monday (1st May) is bank holiday and markets will be closed. However, on Wednesday 3rd of May snap elections will be organised in UK. Last time British people voted to leave EU price of gold moved up. I expect the same to happen this time - as described on the plot! Conservative party ruled by T.May will win these elections with...
This Batman call is the entry reason to short this pair, a decent enough trade with small losses and big profit
A 2618 setup will give us the reason to short the pair in order to close the gap
The prospect of a likely victory of market friendly candidate in France (Macron) would redirect attention to ECB policy normalization and imply a bullish impact on EUR in the middle term. However a victory of Le Pen would drive to an signficant bearish impact on EUR in the short term and support the YEN, as this currency is a big beneficiary of risk aversion. The...
hello dear traders & welcome to growing Forex All eyes on M.Draghi. As of tomorrow the EU said that all the 28 countries economy are growing at a faster rate from the US. Still political uncertainty in Europe its about Greece debt its about France elections it looks like Germany is all alone. Germany minister Wolfsgang said Germany alone cant handle the pressure...
Im afraid we will stay like this until the end of March...
With major elections in 2017 looming in numerous EU countries in 2017, and with GB struggling with BRIXIT, suggests weakening euro uncertainty.
USDMXN has fired a nice buy signal here, so we can enter gradually over a couple days. If it doesn't move back down under yesterday's open, we can expect significant upside to emerge from here. The fundamental key levels will tell you what prices will probably do with good accuracy. Please refer to my educational chart on the subject, or ask, for more...
U.S. Presidential Elections 2016. Follow the close price. If it close in blue area - Hillary If it close in red area - Trump
After breaking out of a four month range the pound had a sharp decline against the dollar in October, since then the pair has been pulling back and it looks like we could be due for a further bearish decline,the pair has pulled back into a key Fib level and rejected.
Interesting to short now. Due to the yen being supposed to be a safe haven currency and a simultaneously strengthening dollar, direction might not be perfectly clear, but the overall trend seems bullish to me. This will probably depend on #BoJ and #Fed incoming action. Good Luck!
Today I will stay neutral; everything will depend on the elections. The trendline doesn't seem solid to me but it could act a bit on the price. Let's see how it develops!
USDJPY has formed a base just below monthly support around 100.052, recent price action would suggest that the pair is in early stages of reversal as a key trend line has also been broken. Price is currently testing monthly resistance at 106.131 a break of this level and we can potentially see this pair reach highs of 111.207 in the not too distance future.
If trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term...
If Clinton wins expect 1-2 week rally for major indices. I expect a retracement back to the 2130-2140 zone where I will enter as short, because after the rally I expect more downwards movement to at least Brexit lows around 2010-2000. Since the lower BB is not widening, I expect a similar situation as 2014-10-13.
SPX exploding from the 200 days MA line as the Market is enthusiastic about potential Clinton win. 2080 was the target zone of my previous bearish setup and it was a strong daily support zone that was also mentioned in my previous analysis - Those of you who capitalize on it - Good job! What's next? Well... tomorrow is the U.S elections. Anything can happen....
Potential #DemoBallers Harry Potter set up. U.S Elections will probably screw up the set up but what ever. Set up hasn't completed yet so will reanalyze after elections. #DEMOBallers