Gold is trading in an triangle pattern with a support near $1,285 and a resistance at $1,305.
It is considered a relative drop in gold caused by the rise in the dollar. The increase in the Dow Jones index and Spx500 has resulted in relatively low demand for safe haven. Let's look at the chart! First, the market made a strong break through the black clouds. Right now, the gold market is in its bottom line, and the market is expected to be resisted by the...
Eurjpy marked an engulfing pattern on a monthly chart, one of the best simple techniques to determine a trade. i suggest to wait for a pullback so that stop loss would be acceptable. shorts may be targeting 118 at first then 113. good luck!!!!
gold hot a very important low at 1303 which represented 100% fibo expansion for three corrective waves. we started final impulsive wave 5 probably in an up channel which is done with the lows and its time to go long targeting 1420 today is ADP employment and Friday non farm payrolls we expect upside momentum,
We've all been reading about the trade war heating up and so investors are naturally moving to the safehaven currencies. I'm feeling confident of a strong move towards 147.00 which is the weekly low, once the key fib level has been broken. FX:GBPJPY
Hi guys! Hope you are all doing well, having profitable trades and hold focus while most markets are crashing. (Crypto, Stocks,..) This post for today is one that I think is very important for you guys to know.. We know that each and everyone who's investing in all kinds of markets is doing it to make profits, go home, live well and enjoy their...
Devs just gave a very vague update on reddit, with nothing new on the horizon. They are pushing things forward and don't think chille is going to be seen for a very long time if it even makes it. Please let me know if you disagree, I would love to hear why. I don't see any long term benefits for this either because everyone would give up on lazy devs
Possible usdjpy swing entry USDJPY is sitting on weekly trendline which it has respected in the past and bounced off a couple times I'm expecting a rejection of the trendline and further bearish movement
Given that Japan is stagflant economy, YEN is safe haven currency so its driven mainly by risk on/risk off sentiments on global markets In case that we’ll see any further escalation of North Korean tensions, we can expect instant downmove – any more serious comments from North Korean officials could trigger that (Markets are already quite used to NK hostile...
CADCHF has broken downtrend that started on 02/27/17 and was confirmed on 04/13/17 Bottoms formed on 06/02 and 06/07 creating a double bottom, downtrend was broken and is currently testing for support. Three potential take profits, looking for a buy around .71750 with a stop loss at .71500. TP1: .73550 TP2: .75700 TP3: .77000 Check out profile for update and news!!!
Tomorrow is North Korea national day and whether or not they will launch another missile is unknown (and if they do Trump will do something just about as stupid). I'm betting there will be some retreat to Risk off asset such as the JPY. The tricky thing is which pair to pick. I've already had exposure to NZD short and CAD long. My rationale is if there is...
This is a double trade with my USDJPY short
Beware the appearance of the wave lengths as this is a semi-log chart. As far as historic data allows it, I can count the rallies as impulsive. From the bottom of the chart (251.90) up to I (1920.70), there are $ 1’668.80. Multiplying this by 1.618 ($ 2’700), and adding them to the bottom of II (1046.33), we find a minimum target for wave III at $ 3’746 ! On a...
Currently short USDJPY as the risk off scenario looks to continue with geo-political tensions growing between the US and North Korea we are seeing safe haven currencies and commodities appreciating. Watching the 1HR charts we can see that price has respected the dynamic resistance of the 20EMA and created a C2 close off a 61.8 Fibonacci retracement.
1307 looks like a good level to get back in, if you're thinking about getting in to a long position. Ok, I admit, some of the needs for safe haven has gone away, but some of the issues are still unresolved. The Gold should remain supported.
the cross EURCHF will start to go down EUR are absolutely overbought and the korea situation may lead many people to buy CHF as safe haven asset. i think that this cross will go down
With geopolitical tension rising in the Asia, the Japanese Yen benefitted from its safe haven status in the second half of May, gaining around 400 pips in one week. The Japanese large positive external balance as well as huge international investments have driven yen’s demand even further, which mark the strength at 110 against the dollar – down from May’s high...
OANDA:USDJPY has consolidated for a few days already and failed to retake the 112 level. With a series of lower highs, the supply resistance level is slowly going down to meet with the Weekly 200MA support. Its possible it might find support at the Daily 200MA level as it was able bounce off it from the previous downleg. In my opinion it might still test the...