Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. Last week we had a Bullish week, which was a perfect example of how our strategy allowed us to naturally fall into the turn from the prior Bearish week. Our setups work with or against the short/mid term trend. The break and lock allowed us to track the movement down and our...
A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup. The only Trades which have been highlighted are ones coming off a level and showing promise.
Gold prices experienced a rally after the US dollar index weakened. Strengthening is still expected and a test of $2,000 will be expected soon. Translators who acquired this position when the browser tested support may maintain that position at this time. However, if the gold price does not create a higher swing point and falls to create a lower swing point, a...
1. The analysis of Gamuda's stock price utilizing the EMA 100, EMA 50, and EMA 20 indicates that the price has consistently remained above these lines, suggesting a bullish trend in the mid to long term." 2. Gamuda has demonstrated robust performance compared to the KLCI index, as indicated by its Relative Strength (RS) consistently staying above its moving...
Hey Everyone, Once again great start to the week with our chart idea playing out as analysed. We got the drop into the highlighted retracement area and as stated yesterday we go the clean reactional bounce over 100 pips so far!!!!!!! 1978 is next stop! We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our...
We have decided to adjust our forecast for the end of the U.S. Treasury yield curve so that the 10-year yield is 4.25% by the end of 2024. Our forecasts are below market expectations, but in particular he is ahead of public forecasts through the end of 2024. Our two-year forecast reflects a smaller decline in interest rates than consensus forecasts due to...
As anticipation that the Federal Reserve would terminate the monetary tightening cycle increased due to slowing U.S. inflation, the U.S. dollar made a slight recovery in early European trading on Wednesday. The Dollar Index, which measures the value of the US dollar against a basket of six other currencies, increased by 0.1% to 104.057 at 03:05 ET (08:05 GMT),...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We had a nice Bullish week for Gold last week with our weighted level at 1937 providing good support for the bounce. 1983 resistance is being tested now with a candle body close above 1983 leaving a gap to 1998. However, EMA5 did a turn and failed to lock above confirming the...
Hey Everyone, This is the DAILY CHART idea that we have been tracking for a few months now and still playing out perfectly. As highlighted last week, we completed all our Bullish targets all the way into 1988 and that we had a candle body close above 1988 opening the range above into 2026 but needed the ema5 cross and lock above 1988 to solidify this...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. Please see last update below to keep with the flow of the setup. We stated last week that we are on track with the long term plans on this chart idea. However the detachment below still pending and as such need to keep this in mind when...
Hey Everyone, We finish off a great week with all our Bullish targets hit, all safely taken with our strategy to buy dips from our levels and weighted Goldturn. We close today with 1986 broken with a gap to 2003 left open to complete this chart idea. However, its Friday and end of week, so we wont chase this target now. We will come back Sunday, as usual with...
The US dollar faces its biggest weekly decline in months against the euro, yen and franc. This comes after investors began selling in anticipation of a near 100 basis point interest rate cut in the United States expected next year. By Friday, the dollar had fallen 1.6% from a week earlier, trading at $1.0854 against the euro, its steepest decline since...
British Prime Minister Jeremy Hunt is expected to announce plans to release billions of GBP from welfare funds to boost economic growth next week: Hunt is looking to boost UK economic growth by allowing funds to invest more heavily in the UK Hunt claims that growth will be his top priority However, the Treasury refused to comment on news of Prime Minister Hunt's plan.
Bank of Japan Governor Ueda said: It cannot be said that the weak yen will have a negative impact on the Japanese economy. A weaker yen promotes domestic inflation due to higher import costs. Weak yen has a positive impact on exports and profits of Japanese companies globally We do not comment on exchange rate fluctuations As we get closer to our inflation...
LKE was in a descending wedge with bullish RSI divergence and now in a triangle. Look for a breakout of trendline for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
Hey Everyone, Another great setup start to finish so far this week with our 1H chart setup played out perfectly hitting all our Bullish targets with the added benefit of taking the buys from dips to manage any swings. 1986 was hit perfectly today with the ema5 cross above 1971 giving us plenty of time to get in for the move from the dip. 2003 is our final...
Tuesday's dovish US inflation report increased confidence that the Federal Reserve can effectively manage consumer prices without harming the economy. This so-called "Goldilocks" scenario is neither too hot nor too cold and is considered beneficial for both stocks and bonds. The asset class posted strong gains in November after continued uncertainty, fueled by...
Information regarding the Biden-Xi meeting was also reported during the meeting, and an overall assessment was made that in addition to ``open'' discussions, there had been progress on many fronts. However, in a subsequent press conference, Biden reiterated that Chinese Communist Party President Xi Jinping is a dictator. Today's key data is the Australian...