Silver has been inside a corrective structure since the beginning of July. I suspect buyers to come in around 19.50. First target area would be around 20.50-20.60. As long as 19.50 provides support my bias remains bullish.
Following the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price. Why now and why 110 yen? There has been a lot of choppy behaviour based mostly on structural moves recently, and I...
This is a general market commentary and does not constitute investment advice. DO YOUR OWN ANALYSIS FIRST!!! Follow your plan and rules. Good luck!!!
Depending on the outcome of tomorrow's FOMC we could get a solid correlation setup between GBPUSD and GBPCHF. Of course we would need to correct setup along with our algorithm to trigger a trade.
Hi guys Here we have a very nice set up with low risk. The last wave on both eliote wave set up are starting soon. We are on a big support and we just touched the trend line. Don't miss this one. Good luck :)
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...
Bulkowski's Ascending Triangle in sight. This is the confirmation on oil short.
After a nice bearish rising wedge and some consolidation. I'm looking for the next drop around 1.10000
AUDJPY could be getting ready to rally once again. The long-term trend on the hourly chart is to the upside, if we get the proper setup we will be going Long AUDJPY and correlating it with a Short in NZDJPY. With proper money management while correlating these pairs it will present many opportunities to be a profitable trade. We can be dead wrong on the AUDJPY...
EURJPY could breakdown tonight with a close below our short-term uptrend line. If we get that close in conjunction with our proprietary price forecasting algorithm we will be taking EURJPY short along with a Long position in CHFJPY which will provide a correlation opportunity. By correlating EURJPY with CHFJPY we will be greatly reducing our directional risk...
Breaking the trendline means = long GOLD (for me)
USDJPY could be poised for a breakdown and resume it's longer-term trend. We will be waiting for a hourly close below the short-term trendline drawn on the chart as well as confirmation from our algorithm. If we take this trade we will be correlating it with CHFJPY, although proper money management must be put in place. For more information and to trade...
Completion of CUP: Immediate Target 0.97822 Handle Formation : 0.5 Fib Target 0.95546 Pattern Breakout : March High Target 1.00000 ps. Trade Carefully
Potential Long position as indicators is above the Ichimoku cloud as well as potential bullish movement indicated by ADX
Very volatile on the HTF. Short term it looks as if the bulls have taken over control indicated by a strong bullish reaction with a weak correction.
Buy when breakout trend line and take profit at EPA line.
Hi Guys. Here is an idea. it might be a bit late and the price will never go back to this level in this particular setup. Bullish flag reaches it's target 90% of the time. Target is 145.000 which was a S/R in mid June First fibo retraced just below 23%, which formed the flag and then started to go up. Now, I'm expecting to see prices come down to 139.000 which...