Hey Tradomaniacs, welcome to another weekly overview of EUR/USD! Let`s take a look at the year and what we see is a huge Sell-Off aswell! EUR/USD started this year @ 1,19873 and found our years high @ 1,25628 in feburary. After that we`ve just consolidated in a range between the peak and 1,22. FED`s rate hikes consistently punished the EUR which was...
Hey Tradomaniacs, welcome to another weekly overview of Gold! Let`s take a look at the year and what we see is crazy! Gold started very well with the years-end-rally of 2017 and retestet the High of 2016! Technical aspects: -------------------------------------------------------------------------------------------------------------------- Gold was...
TRADING STRATEGIC BINANCE:MDABTC Hi everyone, today's idea is about MDA on Binance, its one of the strongest digital assets that Ive seen. I actually was waiting for this correction to end for a week now, MDA is currently at the point i would be interesting to buy in. Therefore, I am presenting my trading plan for MDA. Spot on DEC 17: Personal Note: It...
The dollar was rejected from 97.7, a 19-month demand zone, and fell for 4 consecutive days (if we include Wednesday too). Although the Fed raise rate from 2.25 to 2.5 as expected, the dampening of fewer rate hikes in 2019 is taking a toll on the dollar. The dollar managed to recover fully from last Thursday drop but may not continue so as it is now resisted by a...
TSX:TD Nearing the 200EMA on the weekly chart. Acted as a nice bounce spot every encounter in the last decade. Considering market environment I will be playing this very safe and waiting for some kind of confirmation before entering a long position. Any kind of daily closes under that range will be enough for me to pass on this trade. Entry - $65.24 StopLoss -...
It will be a holiday week for the EURUSD and thus EURUSD will be very little affected with extremely low data releases. The EURUSD was appreciating steadily last week for 4 consecutive days and finally plunged on the last trading day during the past few hours before the week ended. This is largely due to the closure of long positions held through the week. The...
For the first half of this trading week, the dollar has shown weakness as it reached a peak at 97.7. Although the Fed is expected to raise rate later during the Fed Funds Rate release, the market is also expecting lesser rate hike later in 2019. The dollar is well expected to drop further to key level 96.4, an important supply zone. The trend of the dollar will be...
Hey Tradomaniacs, this is an update of my previous weekly anylsis and an addition to CHECK IT OUT! =) LEAVE A LIKE AND A COMMENT _ I appreciate every support! =) ----------------------------------------------------- Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Hey tradomaniacs, welcome to another outlook of the S&P500! Tuff times and volatile markets are giving Swingtraders hard times to trade the market. On the other hand, we`ve seen much volatility and perfect preconditions for daytrading! :-) The S&P500 as the "world index" should be on your watchlist to observe the market carefully! Will we crash? Or can we...
Price at the top of the channel and 50% fib level, could start the next trend. Weekly RSI almost overbought. If next week FED goes dovish on the next year hikes, this could bounce down to the channel low. Oil cuts will also determine direction. 4 hour chart shows price convergence, gearing up for a break. Early entry possible through the break.
The dollar was not able to break higher since mid-November and is seen weakening amid lowered expectation on rate hikes. The dollar has quietly crept below a rising channel, signalling that the price may start to weaken. The Fed members are now feeling that the current rate is either close to neutral or has already achieved neutralisation. The means that the pace...
Although the dollar seems to be turning soft, the shared currency still proved to be rather weak. The price is still very undecided and the upside is limited with strong resistance seen at 1.15. Asides from the challenges faced in the eurozone, the uncertainty of brexit is also weighing on the euro. EURUSD is most likely to move sideways further and 1.15 would be...
The gold stood strong last Friday after a weak NFP, causing a rise in the demand of a safe haven asset. The gold has successfully broke above 1244 and is on its way to 1260. The price of gold is very much affected by the dollar and now that the dollar is weakening on weakening Fed hike expectation, the gold is expected to continue on its rise. If we are lucky...
The yen could strengthen against the dollar further as the dollar starts to turn weak on weakening Fed hike expectation. USDJPY was seen breaking below a symmetrical triangle and a demand zone was created as a result which may aid the price to fall further. The dollar may retrace higher at the beginning of the week and that will cause USDJPY to retrace back into...
Hey tradomaniacs, quick a weekly overview of the DAX. It all plays out as the S/H/S-Pattern pre-determined. Technically we`ve seen a decent correction and sell-off below the 10.000, which has not been touched for more than 8 years. The sell-pressure is more than obvious and clear. But can we recover? Is that a trigger for panic? Or rather a chance to buy as...
Eos in trouble. If price will Break level 56286 and close below it on daily or weekly candle , there'll be many chance to see it at level 32080. Short agressive : on close candle below the level. Short conservative : on retest of level after close below it.
Hey tradomaniacs, Keep bleeding, keep, keep bleeding love.. - Where will go we go? - Where is the end? - When is the price low enough for the big banks to seize? We don`t know but ther is ONE fact and ONE advice for everyone! Don`t try to catch the bottom - or rather.. don`t try to catch a knife! :-) Be patient.. as soon as the see a trendchange we...
I see a clear head and shoulders on the weekly timeframe. I'd like to see price make push bullish to the weekly resistance. Price is trying to push higher on the daily timeframe. The previous weekly candlestick also suggests that EURJPY will push higher