All three confirmations for price to correct below neckline of "incined" Head and Shoulders --
Growing concern over fresh lockdowns hit travel sector hard while banks and oil price also suffer
RSI nearing overbought 65 to 70 -- also on Right Shoulder
The riots and unprecedented uncertainty concerning many national elections from NZ to USA...
EURUSD was in an up-trend in the past month due to Dollar weakness and Euro strength, Dollar seems recovering, and EURUSD just close the week below 1.20600 after testing 1.21000. For this week price could drop reaching 1.18900.
AUDUSD - We reached that golden area of 0.80! Then, we faded that area...what's next?
This morning typing this we down half of 1% - Since my year ahead outlook 0.80 is an area I have been eyeing for a while, since we finally reached that target area there will be an update video for the Q2 on what to expect. This will be shared privately via YouTube - If you're...
IH&S pattern broke up the 200 weekly ema. Bond yields will most likely be testing around 1.66% and as long as the markets stay up I think we will enter a blow off top.
I can see 1.66% on the 10 yr or maybe even higher with sp500 making a monster run blow off top to 4200 plus B4 any larger correction.
Price is at important resistance level if it breaks it short USD for a long time.
Note that price didn't break of a long term downtrend back in late 2018 when economic conditions were much better than they are currently.
But maybe this time is a charm.
Who is going to win peasants or king with his army.
I went short at 29.800 (order) SL at 30.330 trading smaller position 0.5% of my equity.
SILVER IS NOT INDUSTRIAL COMMODITY MAIN USE OF IT IS AS SUBSTITUTE FOR GOLD AND THAT ROLE IS GETTING CROWDED WITH CRYPTO.
Close to 0.77 again, still in context of uptrend (green trend line).
If we are going to have risk off USD is going to rally and pull this pair down.
However there is a RBA meeting next week.
SL have to go above 0.777 recent high.