Usually a cup with handle formation is a continuation pattern.. Usually it does not retrace more than 1/2 of it's previous advance.. The practical takeaways If we get a breakout of the handle with strong volume , this is a buy signal Until this breakout, expect the daily moves of gold to be sloppy and choppy If this breakout does not come and we...
It is clear that the U.S. dollar has been one of the biggest hedge fund crowded trades, and still remains despite recent pullbacks in the greenback. And, although, the DXY saw a violent decent following last week's dovish FOMC-minutes report, there is still an underlying dynamic that supports a much higher dollar. History may not repeat, but it often rhymes....
AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now. We are looking at this as follows: Pullback to value, get long on good technical signal.
patterns followings pattern and meanwhile waiting for FED decision, till then holding the line around 1.11...
Since hitting a high around $65 in late 2014 REZ has been somewhat range bound between 64-55. As the residential real estate market is highly effected by federal interest rates, the upcoming Fed meeting will likely have an impact on price. If the fed decided to continue raising rates I can see REZ puling back to the bottom of the range. Even if the Fed decides to...
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
Is the once Goldman Sachs "slam dunk sell" turning into a layup buy? I cannot hate the initial call from many investment bank analysts it to sink to $1,000 because, in 2013, I issued a $1,035 bear-call. However, I do ridicule these analysts for unwillingly (either through ignorance or moral hazard) understanding the dynamics of gold. But in 2014 I turned rather...
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
Idea: Buy the dips after the current crash. A gap closing rally until March 2016 is in the cards, similar strong as in October 2015 possible (due to a short squeeze from TV media driven panic bottom shorters and a fake rally driven by large investors trying to close underwater long positions at break even). Entry: 2nd or 3rd week of January 2016, wherever the...
The recent risk rally has encouraged commodity currencies higher. As crude ignores the globalized downturn in economic output and ongoing "pump at all costs" mantra of producers, the Canadian dollar has hit a three-month high against the dollar. Crude aside, traders have also factored in the fact that the potential for a rate cut from the Bank of Canada had...
Gold has pulled back slightly, but still up almost 15 percent since 2016. Traders don't believe the current rally as they look hopeful of more central bank quantitative easing, which is exactly why gold has had its run this year; and it is why I have been saying fundamentals have been strengthening for gold for roughly 16 months. After gold volatility hit...
CADJPY has been setting up to become a great selling opportunity on a macro-standpoint for the following reasons: I was looking for a drop well-before today's action: twitter.com twitter.com twitter.com twitter.com Fundamentals in a nutshell: CAD is highly correlated with WTI crudeoil, both on a fundamental and technical level. There still is no tangible...
Reaons for -Firstly we are forming a triangle -We have just bounced of the trend line with a bearish engulfing -Also a bearish hammer has been put in place -We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again Price action leaves clue in structure :) If we go to the daily Timeframe we can see -Lots of long...
We know that this hike is basically a sure thing. But I expect to still see some price action that we can take advantage of
I BELIEVE THE FED RATE HIKE WILL GIVE USD STRENGTH THERFORE IVE SET UP TP'S WHERE I BELIEVE PRICE WILL COME TOO I WONT BE PLACING STOP LOSSES ON MY TRADES BUT IF YOU WANT TO MAYBE HERES SOME ZONES FOR YOU TO PUT STOPLOSSES IN I WILL ENTER NOW AND 30 MINUTES BEFORE THE EVENT ! (7PM GMT TIME ZONE) PLEASE TRADE WITH CAUTION AS NEWS TRADING IS VERY RISK AND CAN...
I BELIEVE THE FED RATE HIKE WILL GIVE USD STRENGTH THERFORE IVE SET UP TP'S WHERE I BELIEVE PRICE WILL COME TOO I WONT BE PLACING STOP LOSSES ON MY TRADES BUT IF YOU WANT TO MAYBE HERES SOME ZONES FOR YOU TO PUT STOPLOSSES IN I WILL ENTER NOW AND 30 MINUTES BEFORE THE EVENT ! (7PM GMT TIME ZONE) PLEASE TRADE WITH CAUTION AS NEWS TRADING IS VERY RISK AND CAN...
Precious metals jump higher ahead of today’s FOMC minutes and potentially the first rate hike in the U.S. since 2007. Why? It’s most likely contributed to the fact that the majority of market participants believe Fed Chair Janet Yellen will remain extremely dovish post-rate increase. A dovish hike may be a hard sell , as Nomura suggests, but precious metals may...