Silver trades similar to gold. If there is severe risk aversion, expect for silver to rally. Price is trading near a previous level of resistance. If it can hold, it will become support. I would like to see price retest 16.86 before continuing higher. It would create a confluence of support. Price has already tested DS twice and it would put price near the apex of...
Hope this idea will inspire some of you !
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In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors!
Both pairs are showing an identical pattern and are indeed influenced by:
- Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do
- Positive Home Loans in AU and negative BoJ Corporate Goods Price Index...
In today's #marketinsights video recording I analyse #EURUSD and #USDJPY
#EURUSD weak on:
- US-EU potential trade conflict (airbus illegal state aid - WTO depended)
- ECB's Germans board member resignation
Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive
#USDJPY strong on:
- Dovish Evans...
OANDA:XAUUSD has broken out of the minor triangle. I will await for a possible retest of the broken trendline. Also the Major LT trendline in green can provide major support for OANDA:XAUUSD. Trade tensions boosted the Yellow metal the past Friday. This week will provide a clear picture of where we are heading.
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Hello all - DuncanForex here with some more trade ideas
After a relaxing week away from trading, lets get some more pips.
I am looking for NZD USD to take it's second leg higher after the surge in USD weakness last week
This is across all XXX pairs to go up and USD XXX pairs to go down (Remember commodity currencies behave differently etc)
Lets see how this...
The “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk.
While not flawless, this indicator gives a good picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets.
All of the last seven...
In the last 50 years, every time US treasury yield curve inverted a recession followed within 3 years. On average the S&P500 gained 19.1% following the inversion and peaked 13 months later. In other words, as far as investors are concerned, the recession began roughly one year later.
However, once the market peaks, it drops 37.6% on average.
Assuming you can...
The Russell ETF could not break out of consolidation, but the other 3 majors did break.
The Russell - being the major small cap index - is an indicator of risk. When the Russell is rising, investors are less fearful. When the Russell is falling, investors are cautious ... That's the basic concept anyways.
I think this Russell chart is showing that maybe people...
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The EURJPY had been in a bearish trend. The Yen had been bid due to safe-haven flows thanks to Trump and China trade war. I also believe what is happening in Hong Kong does play it's part as well. Retail sentiment generally bearish on the Yen.
The first thing happened after the Sydney open was price managed to break below and closed under last Friday's low...
If you have followed our previous plan to scalp gold on the short side you would have closed your trade from 1542 at 1530.
We traded off the supply zone that is marked in blue.
However, now we have tested the zone for the third time.
Generally speaking, the more price tests supply/demand zone the weaker the zone gets.
If this holds true today then we may...
USDJPY approaching our 1st sell zone where we would enter our first short. In our view, the zone may not be as powerful hence we would not hold that trade for far too long.
Next sell zone is way up high.
Will monitor this as we approach the first sell zone.
All sell zones are marked in Red.
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P/E Ratio (with extraordinary items)
Average Recommendation: BUY
Risk reaction will continue till 1615 (some fib. retracement),
then with the FOMO effect loads will buy gold, and big institutional traders will then short the gold to squeeze profit out of them. First to 1400 with fluctuations there, then down to 1200.
Then they will cancel most other traders with the trick move, and the real gold price ascent will happen from...
another cycle of "sell in May and go away" with Sept / Oct being the worst of the returns that make this axiom a solid and trustworthy one. Ichimoku Cloud and RSI divergences support this idea too.
Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely.
Going into the autumn seasons when traders...