The price touched the support area set at 1.112 with a post-conference Draghi spike. Causing the stop loss closing on our trade. After it return immediately to the closing level of yesterday's session . Technically, this pair is in a stalemate taking the last six months as a time reference. In fact, the trend has no longer taken a specific direction, continuing...
This is just a short update (1 minute read) Gold has broken out of the ascending triangle due to the FED's recent dovishness . However, after July how likely would it be for the market to have new expectations ex. rates below 2% ? How long it would it take to get there? Hence, it seems that GOLD is projecting a Bullish CONE in the Long-Term . In the ...
Aiming to support employment growth and to provide economic support RBA cut its cash rate by 25 bps to a low of 1% at the july meeting. The Australian economy grew below trend at 1.8% this was followed by low consumption and income growth. while increased investments in infrastructure is providing a pick up in activity in the resources sector. a pickup in...
Despite the market chatter of rate cuts by the Fed at the end of July, it seems that one area of the market that is not paying much attention are US 10-Year Treasuries ($IEF as a proxy). After posting an "Evening Star" pattern on July 3rd, US Treasuries have been selling off since. As can be seen in the attached chart, the RSI has been showing negative divergence...
Is Eur/Usd like a bouncing ball ? Yes it is. The price returned above the EMA 200 daily. This only after a year and a month that continued to travel under it. At this time, however, the very short/short term scenario seems to have changed. With the break and the closure above the daily EMA200, it is very likely that this uptrend continues up to (at least) 50% of...
This leading diagonal ended as called earlier appears to be making an ABC correction that should end when C = A at 1.75 Then, the longer term upward correction should continue in a third wave, which I think will be a C wave ending this sub-minuet level correction of the larger minute correction of the larger trend. C should be equal to A as measured from the end...
August Fed Fund Futures are currently pricing a 27% chance that the Fed will cut by 50 basis points or 0.5% at the end of July. ( The July 31st meeting to be exact). Historically the Fed has only cut interest rates by 0.5% twice before in its entire history. Once in 1999 (we know what was happening then) and once in 2007 (we know what was happening then). ...
Looks like loan officers will be selling 2 and 3 percent fixed mortgages before long. ;) This is an update to my previous idea: If you're a fan of Fibonacci, then you're already well aware of the significance of the 1.618 and .618 lines. If you're not. Here's a super simple version. .618 retrace is the most likely level to see a "bounce" if the overall trend...
Ten year consolidates are looks higher. Bought the gap fill. Up all year so far, been a solid winner.
Copper / gold ratio is in line with 10 year Treasury yields at the moment. Last year's big gap has corrected. So no actionable signal right now
Business cycle still points to more downside in steel prices and treasury rates. Recent declines are too fast and such fast declines are usually followed by some bounce/consolidation before more downside.
USD/JPY: time to sell. Infact the price has broken down the last key short-term static support. It is identified by 61.8% of the Fibonacci retracement and placed at 109.35. After violating both key dynamic supports on weekly time frame (EMA 20 and 200 periods). Technically the price is set to a further downtrend. It is continuing this short/very short-term...
Is silver a safe commodity ? This is the main question. In the short, maybe yes. The price of silver has once again returned to lateralize in this channel. Between static support at 14.07 and static resistance at $ 14.75 an ounce. Until one of the two is violated, the trend remains flat. So speculators will tend to trade this commodity on very short time...
The price of eur/usd is moving now! It stopped below the dynamic resistance identified by the EMA20 daily. So it did not complete the movement that we expected this week. The analysts had expected a slight decline in the US dollar against the other majors because of the FED conference, the announcement of the pay slips of the non-agricultural sector and the level...
The price of nzd/usd broke again the static support identified by 78.6% of the Fibonacci retracement. It's placed at 0.662 and the pair close the last week below it. Technically the trend has been declining since February 2018. It's starting from the area on 0.75 and has lost over 10 cents. Then bounced back to form this last wave of correction started in November...
EUR/USD price broke again the resistance, we recommend a long entrance with a target of 1,133 / 1,138 with timing not exceeding 2-3 days. Then, once there is a rejection with daily confirmation, reposition short in the short period (a few weeks) with the target area between the 1.10 and the 1.08.. It is returning to the side channel that has been stalling since...
The price of the NIKKEI is above the key resistance formed by the two EMAs (20 and 200 periods) daily and by 38.2% of the Fibonacci retracement. With this weekly closing above 22070 points, it is very likely that the price goes directly to the target. The next is in the area about 22900 points. Coinciding with 23.6% of the Fibonacci retracement. This level will...
The price of gbp/jpy broke the support zone. The one identified by the EMAs 20 and 200 periods and by 50% of the Fibonacci retracement, on a daily time frame. Violating the whole area between 145.60 and 145.00 and confirming the closing below it, the price will continue this downtrend. The next target that coincides with the first key static support is at around...