=> Here we have the longer term map for EURUSD which shows from a wave perspective that we are looking to form a base at our 1.05-1.06 target areas before resuming the break up.
=> Since Jan 2017 we have been in a large ABC where the "A" and "B" legs have completed with a bullish flavour. Here we can expect to see another advance similar in magnitude to that of...
The dollar index appears to be breaking below its upward-sloping trend line.
If it follows through on this breakdown, gold is a buy. Gold is cheap today, so it's a good day to get in for a rally.
The dollar is breaking down due to Fed balance sheet expansion and expectations of an interest rate cut.
The announced program of liquidity support in the market from the Fed was not reflected by the growth of the index.
In advance of trade negotiations, China announced that it would not raise important issues during the discussions and would leave the United States ahead of schedule. This suggests that negotiations are unlikely to succeed. And the negative...
Hi traders, here're 4 reasons you should consider taking this very nice setup in USD/CHF. As always, let me know in your comments what you think.
1. Bearish wedge breakout to the downside, projecting a profit target to the lower 0.96xx levels
2. Retracement at the 61.8% Fib level
3. Weak US data lately, CHF possibly gaining from Brexit worries
4. Bearish RSI...
Here is an excerpt from The Macro Strategist's Parallax Report: QE Lite, You Say?, originally posted on 10.2.19:
Here are the “negative yield” trade. Bitcoin and gold had been the go-to allocation as global negative yielding debt rises (and falls) with the monthly correlation exceeding .70.
BTCUSD began to deteriorate ahead of gold, and this is interesting...
The "Real Estate Market Cycle" is made up of four distinct phases.
There isn't an exact length of period of time each phase must last, but taken as a whole, the entire cycle averages 17 to 18 years from peak to peak.
Looking at the previous cycle (1989-2007) we can use Fibonacci and geometry to see where we currently...
In today's #marketinsights video recording I analyse #wti #oil and #gold
Gold and Oil affected by (what moves gold up, weakens oil):
- Tradewar tensions after Trump imposed visa restrictions to Chinese officials
- A worsening growth outlook for global economies
- Potential early election in the UK as hopes of Oct resolution fade away
- Fed's short-term bond...
EURO|USD: Episode (1)- Series: Major Currencies and Currency Indices -18th of August 2019 (8-9 Minute Read)
3 Contingencies upon which the timing of this analysis is based on: Brexit(Finally) Happening in the next 6 months, similarly expecting a US/China Trade deal in the same time-frame, and of course later on Trump winning 2020. I have to reiterate here, that I...
Hi traders, EUR/USD has finally managed to break above its recent high and reach 1.1080, signaling that buyers are still active in the market.
The recent consolidation phase could now provide new momentum for the pair to reach our profit target of 1.12, as projected by the triggered bullish wedge pattern (and projected from the breakout point.)
The 1.11 level...
Hi traders, hope you had a productive week with the developments around Brexit these days.
This post, however, is about EUR/USD. The pair faced buying pressure after reaching a shorter-term support level / completing a pullback to the 1.10 level.
As you know, I've been bullish on the pair these days, and the price hasn't managed to close below the 1.10 mark...
The USD/JPY pair reached an important daily resistance zone, forming a bearish candlestick pattern (yesterday's long lower wick and today's strong bearish candle.)
The daily RSI is forming a bearish divergence, signaling that the recent up-move is losing momentum. The low of the up-move represents a lower low - a characteristic of a downtrend.
The JPY has...
Hi traders, here's a quick update on gold. As you know, 've been overall bearish on gold in the last few days, and the price has indeed fallen to a large extent.
Recently, gold broke below the previous swing low, forming a fresh short-term lower low and signaling that more weakness might be ahead.
The last 4-hour candle is forming a pinbar pattern right at the...
Hi traders, here's an update on EUR/USD which broke above a bullish wedge pattern last week.
As you know, we've been bullish on the pair and entered with a long position in our Trading Club.
Today, the up-move is having a break and the daily candle prints a doji pattern. Still, when looking on the 4-hour chart, we can see a pullback/retest of the previously...
Check out my previous analysis on DXY
Background: As mentioned above in my previous analysis, dxy has tested early 98 area and now seemingly forming a temporary stop until Wednesday data come out. Meanwhile, I'd like to take a quick look into the Euro pair see if we could find any trading opportunity. It seems to be clear at this point that dollar isn't in favor...
Today may well be a day of high volatility in the financial markets as a result changes in prices for several financial assets.
There are a lot of important macroeconomic statistics will be published today. In particular, a whole block of data will be released across the UK, including GDP in August, industrial production, the index of business activity in the...
The EUR/USD pair is breaking above a bullish wedge pattern after completing a 5-wave move, signaling more upside potential. The price also broke above a short-term resistance level and the 61.8% Fib level.
Markets expect a slowdown in the US CPI, which could lead to the Fed responding with cutting rates.
Today's move is experiencing a strong momentum so far...
Last time we forecasted the up move that happened (Refer to related ideas down below), and now I don't see any reason why we won't continue up.
Expect a down move towards 98.33 / 98.15 range and then we will most likely see continuation up wards. I don't see it falling any further than that at this current time.
The target for our next up move is...