NZDUSD Was looking for a minimum 100 pip rally from the low at 0.6818 but only got 65 or so before NZD came back down again...not much use. Am closing down the long position at around break even and looking to short NZD against USD once 0.6880 is broken on downside looking for 200 pips to 0.6688 intitial downside target with stops about 16 pips above entry...
DXY: Looks like DXY should come back down to 94.28 at least and to 94 at most on Tuesday (well it could spike a few pips lower to test the lower parallel at lowest) before it and all Dollar pairs bottom out and start what should become a very powerful bounce...so get ready to start to building Dollar long positions across all Dollar pairs Tuesday as close to 94...
CAD/USD Monday's DXY weakness hasn't done much to help CAD rally...DXY should bottom Tuesday at either 94.28 or 93.99 (down a further 0.2 or 0.5% from here) at which point all the Dollar pairs should start to fall away again. Look to short CAD Tuesday as per short set-up on chart
DXY: Dollar forecast for coming week: short term weakness on Monday/early Tuesday (latest) back to the neckline of the completed reverse head and shoulders formation at 94.28-94.00 range, followed by by another 2% rally. Suggest using early USD weakness on Monday to set up more long positions here and on USD/EUR
Make a pending order and wait for a breakout and if the market continues to rise up please cancel the pending order if there's no break-out
At the third bounce am expecting a downtrend on this pair
DAILY RR4D 1'2' 3 2 IS AT BOTTOM FOR WICK FILL ON 1HR. 4HR CRR4D DAILY SITTING ON 50ema WEEKLY SITTING ON LAST GR4D CANDLE WICK TOP.
Hello guys. Today I'm waiting when EURGBP start falling down. Because EURO has critical position these days. Let's see. If there will start bearish signals, then SELL the pair. Thank you!
Gold is going up from here. Double breakout is coming Oct 11-13.
EURUSD - Forex trading for dummies
BITCOIN: BTCUSD Long story short: Bitcoin good above 2750, bad below same level. Looks like the pivot for price action today. Longer story:BITCOIN: BTCUSD Even addicts have to sleep sometime. What terrible timing. Left Bitcoin with a last update to short as price came back up to test the parallel and failed - which it did precisely - but failed to write the...
BITCOIN: BTCUSD Still looks good, but pattern has changed subtly over the last hour or so. So must now raise trigger for next long as per comment
Bitcoin: BTCUSD So far every move it makes is positive, still. To stay that way and support the next phase lift-off it must continue to hold the line...
XAUUSD: Gold Friday was a very special day for XAUUSD: it broke above a six year long down-trend that's been in play ever since the high was reached in 2011. All it has to do on Monday is hold above that line and not get sold off - gold should then rally to 1301-4 range. But it also looks as if it could well push higher by about $90 or 7% from here once it's...
Dow Jones industrials and commodities have a long term inverse relationship shown - very sketchily - on this 110 year chart of Dow. Sorry about hand-drawn CRB index - no data on Tradingview pre 1994. Shorter term 10 year study to follow
DXY: Dollar Index The Dollar closed on its lows for the weekend and will likely be sold off heavily if not in Tokyo, in London come Monday. it should fall a further 1.7% from here. But there could still be an opportunity this weekend to hedge - it depends on Bitcoin breaking above 2460. If it does, it should be worth following. Please see Bitcoin comment also.