On the Daily it looks like the the candle sticks has found new support level of $33.52, with a nice higher high action as well. The chart shows bullish trend on the daily and the weekly, with the Stoch also showing oversold. Looking to buy above $36.
gold has formed an armonic pattern and will test a support, the green line is the first take profit zone and then there is the second support (where I set the second take profit ) that might be reached only if trump does not make the markets fear and traders and the global economy will rise; I am optimistic about that. if you want to join my private signals group...
The above link gives you a detailed explanation behind the execution of this trade. INSTANT LONG ENTRY AT AROUND: 0.68550 LEVEL STOP LOSS: 0.67750 TAKE PROFIT: 0.69500 RR: 1:1 TYPE: LONG/BUY SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM IN THIS THREAD. CHEERS
The Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index which...
The main chart shows the WEEKLY TF of USDCAD pair. There was a neat ascending channel that was violated a few months ago and the price went to test around 1.30200 level. Since then the price has been steadily rising until it HIT 1.33600 level. This created a short term ascending channel which was clearly violated a couple of days back and now the price is likely...
It is an important day in terms of news as the FOMC meeting minutes are released. This will likely rock the stock markets and depending on the tone set out by the Fed the market could remain range bounce of break out. If they start to talk down the dollar which could be expected due to recession talks the market could react positively and a clear break higher will...
We have seen ZAR very weak recently due to heavy RISK OFF and some weak zar data. I'm anticipating a RISK ON week which will see ZAR gain some strength, we, have weak PMI data during this week which will give us our prime level to sell I have 3 TP's set for this trade TP 1 - 15.17456 TP 2 - 15.02576 TP 3 - 14.64768
In this video update, we take a look at USDJPY as price looks to be finding support at the key demand zone. The US Stock markets also finding support shows a potential shift to a risk on market. This should see the sell-off in JPY and a change in cycle on the 4hr timeframe. A close above 110.00 will be ideal for long opportunities to 111.00.
Finally the H&S PATTERN has been completed on the daily charts and price has HIT the ascending trendline support that had been in the region of 1270.00! Therefore now the question remains, WHERE WILL THE YELLOW METAL HEAD NEXT? Be noted that the price has already HIT the ascending trendline where a lot of BUYERS AND SELLERS will fight to take control of the...
Have a look at the main charts, where the blue horizontal lines represent concrete support and resistance levels drawn from the monthly charts and they represent where the price might head next after the breakout occurs. At the moment the price has been supported by an ascending trendline respected more than 5 times and a descending channel. Shall a breakout...
Price on daily charts has already broken the crucial neckline of the H&S pattern and to add to that the price has also retested the neckline! Now we should see the momentum gathering up towards the ascending trendline beneath this pattern which lies in the region of 1262.00 level. For those of you who would prefer to take this pair SHORT please be advised that...
Whilst markets on RISK ON moods, the SAFEHAVEN FX pairs such as JPY and CHF TURN OFF the investors. In this case CHF is paired with the USD, which just thinking fundamentally about it is the best pair to trade alongside USDJPY when the markets are in RISK ON mood! While DXY (DOLLAR INDEX) has been declining in the last days this pair however has been building...
Markets are in the RISK ON mood which usually puts pressure on safe assets and currencies including the yellow metal. Here we see a HEAD AND SHOULDER pattern on the verge of completion! The neckline will likely be broken soon enough as the risk ON markets dominates the appetite of the investors. Once the neckline gets broken we should see the selling pressure...
This pair has broken all the vital levels technically, furthermore fundamentally its easily on the course of hitting the next resistance that lies at 114.00 level after which it might likely further target 118.00 level! However even though USDJPY seems it might HIT 114.00 level by next week or the week ahead, technically we are confined in a very concrete wedge...
We are finally getting some intermarket movement with Risk On contamination from Indices into FX. When you see multiple currency pairs moving in tandem, there is usually an underlying theme in the working.
Nice moves in Indices but beware of earnings from US banks today: JPMorgan and Wells Fargo will be watched closely for signs of economic slowdown or recession.
=> Here we are isolating the Yen once more and expecting a worsening outlook of US assets to continue which will raise the prospect of asset repatriation out of the US. Whilst risk may be rebounding temporarily as the FED attempts a dovish shift, and US-China trade tensions are likely to continue de-escalating, USDJPY will still like remain on offer amid broader...
Ethereum is sitting on strong historical support vs. BTC and is exhibiting bullish divergences in both momentum and volume. With the upcoming Constantinople hard fork, which is reducing the block reward from 3 to 2 Eth, Eth may rally into the event after months of downtrend vs. BTC. As is indicated via the chart, Ethereum rallies vs BTC (eth outperforming btc)...