Gold is not a safe haven, it’s a hedge from fiat currency. Portfolio allocation needs to match your personal risk-spectrum. A common misconception is that people look to gold in times of uncertainty. Gold is not a safe haven, it’s a hedge from fiat currency. A good example is comparing the price of gold to the S&P500 in 2008. Theoretically if gold was an...
Trying to make sense of the global financial ecosystem been tuff over the last 45 days. The question of the global economies being in simultaneous recession is well agreed by across the board. The goal of this piece is to make sense of this historic impulsive move by the Federal Reserve in the last 45 days. Printing money is digging the whole deeper in an over...
Some big moves are coming as we approach halving, check out this technical analysis drawn out on the 4 hr. Entry: $.1867 TP: $.221 Stop-Loss: $.17904 | DOTCOMJACK | Easy Loot Trading This is not financial advice, Please do your own research prior to investing.
Market has high expectations for OPEC+++ The stand-out event today is undoubtedly the OPEC+++ meeting, where producers will attempt to find agreement on output that addresses the collapse in demand and crude prices. No one is winning in this environment but, as ever, each are losing to different degrees and have a different ideas on how it should be resolved....
After trying to break the support and forming a M pattern, EUR/USD might enter in an uptrend.
WTI couldnt break the 29 level again and looks weak here. Before going up and try to make new higher highs we need to retest the previous supports. Buy around 21-22.8 and targer above 30 usd.
Hey guys, here with another simple one! Expecting price to retrace into the golden zone within 50% of the Fibonacci. 1. Sell limit order when in Golden Zone, sell is supported by previous support turned resistance. 2. T/P on the 40pip mark to the downside Thank you! Happy Trading V Notes--> RSI has enough steam to get into the golden zone at any given...
Hey guys, another simple straight forward analysis. With the OPEC deal being pushed till possibly Thursday alongside skepticism on Trump’s intervention. 1. We can see US Dollar continuing to sell off as crude oil increases - at least for today as it respects the trend lines. 2. Set a T.P on the next touch towards the downside. Thank you :)
After getting to the 61,8% level of the fibonacci retracement, USD/CAD might face a downtrend!
In my view, stocks are priming for their next leg down. This one sends the SP500 to retest the recent lows. Maybe not immediately, but eventually I expect to see the price tough sub 2000 down to 1828. If 1828 is the bottom, this would represent a 50% retracement and where I would enter the market. However, don't use all your powder because 1459 and sub 1000 are...
Simple straight forward analysis. With the USA cutting down its oil we can expect bullish behavior. Analysis: 1. NFP will bring down price due to corona virus. 2. When this happens buy at lowest point of NFP and square positions as price continues bullish trend. Thank you :)
7:32 PM · Apr 2, 2020 Trump: "I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry! " Tweet: twitter.com
So what I was thinking; Could this be a "buy the rumor sell the fact"? Dispite no actual deal, the oil market went up significantly. What if we have a "no-deal" tomorrow, or the cutback will only be by 5 million barrels. Anyway keep an one eye on the news and one eye on Trump's Tweets.
NZD/USD Broke out of it's uptrend which can only be looked at as a pullback from the larger bearish move. Now we either hold for a double top or expect the breakout to continue making lower lows. The breakout also occured around the 0.618 fibonacci level so we have all bases covered here. On top of all of this theres a potential head and shoulders structure...