CADNOK has make some interesting trend switches, that may afford trading opportunities. I explore the probabilities. This is not a recommendation to trade. Your losses are your own.
This is a very wild instrument so be careful. No predictions here. I'm showing how I'm preparing for this one.
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...
Despite the US dollar sliding most of last week, USDJPY did not selloff as much as other USD pairs. As a result, price has been able to maintain the ascending channel within the right shoulder of the inverse head and shoulders pattern. Inverse head and shoulders patterns can trigger a reversal in momentum if enough volume gets behind positive price action (PA)....
AUD/CHF is presenting a perfect position to go long. I would jump in on this one and remember to respect your risk management set ups. I am looking at a target of 0.91265. Let's see how it goes.
Hello all DuncanForex here with another trade idea I am hedging GOLD - I am currently short, however I am looking for it to potentially turn around and head higher as it is now near the dynamic support line (which was resistance) from the previous down trend. If this does head higher - it could be a fast move. I will watch accordingly Find me on Twitter,...
The video shows a contracting wedge into a zone of congestion. This is sometimes a reversal pattern. I make no predictions. I explain carefully about losses and risk management of this situation. Disclaimer: This is not financial advice or an encouragement to trade in securities. No liabilities accepted. Your losses are your own. This means you sue yourself...
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...
In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors! Both pairs are showing an identical pattern and are indeed influenced by: AUDJPY - 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...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
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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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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