GET READY FOR A DROP
-clear break of trend line
-re test of trend line
-Bearish engulfing of trend line to confirm strong area of RES
-Also confirms momentum
Reasons for
-Firstly on the four hour we are in a area of congestion and sideways
-We are making lower high
-we have bounced of major long term trend line on the four hour with a Bearish candle
-Previous candle was a doji
-Also we created a corrective structure to the upside and we have broken it
-So we are ready for the next impulse move to the downside
-Not...
Reasons for
-On the four hour we have been testing that upper trend line for some time now and price simply aint breaking it
-Also we are putting in Lower Highs A sign of change of trend and a reversal
-We also have broken our Wedge to the downside which confirms bearish momentum
-We have also Held at the 0.618 Fib levels numerous times from the highs high on...
Reasons for
-After huge move and break out of box range a week ago price has risen and become very bullish
-Therefore i believe it will continue to rise till 1.15000
-To confirm is bullish strength it has made higher highs
-And higher lows
-Creating a structure
-Also on the four hour we can see a long bearish wick to a downside which shows more buyers then...
As I described, we see a ullish market that is continiously setting new higher points, even on the low. You can step in right now, or wait till it bounces again. Your decision, best of trading!
Reasons for
-We have broken our 4 Hour trend line to the downside
-Therefore we have broken structure and i 100% believe that after the break we are headed down
-We are going to get a impulse wave and this is a strong setup
- after all the long term trend is bearish !
Yes weve had two small losses but we are going to make it back on this one ;)
Also this is...
Currently, gold is budding up against intraday resistance, following two consecutive sessions of gains on a weaker dollar. As the rate hike came and went, many – even those who ushered in the hike with excitement – are beginning to wonder if the Federal Reserve waited far too long to boost interest rates.
The yellow metal had began its two-day rally by finding...
Well.. doesnt need much explenation
still we are all trying to work out the implications of FED/ECB relationship and their monetary policy but one thing seems like the USD is not giving up!
making terrain across the majors today after the announcement could still TOO EARLY to call it and I am SOO! looking forward to hear from the CTF report next to see how...
Precious metals jump higher ahead of today’s FOMC minutes and potentially the first rate hike in the U.S. since 2007. Why? It’s most likely contributed to the fact that the majority of market participants believe Fed Chair Janet Yellen will remain extremely dovish post-rate increase.
A dovish hike may be a hard sell , as Nomura suggests, but precious metals may...
With the last major news event of the year 2015 later tonight - FOMC FED Rate Decision, we decided to share with you guys as a bonus what we have for our FXP Clients as well.
We did a special day analysis for you guys to watch out for potential trade opportunities. Having said that, do take note of the volatility the market will experience during the release and...
Here is my view,
So, predicted rate hike is 0.25 basis points more. i really don't think fed will hike more than 0.05 -0.10 basis points. so overall i think it would create negative impact on dollar as it wont come out expected. plus s&p broke monthly channel so overall i am negative for dollar and positive for bullions.
all the best everyone stay safe.
Gold mining stocks have been trending higher, along with the overall U.S. equity market, of late. The recent support in gold prices allowed the Market Vectors Gold Miners ETF (GDX) a strong close last week, pushing 15 percent off the November 18 low.
Gold mining stocks really get a pass from traders, and it is still early to determine whether the move will last...
The iShares Silver Trust (SLV) has been beaten bad, falling over 13 percent prior to Friday’s rally. On a combination of low inflation and low growth, silver has fallen long out of favor with Wall Street (but remains a small investor’s favorite).
But, there are a couple factors that could signal, at least in the short-term, SLV may see some upside.
First, price...
The bullish run for the markets appears to be slowing especially as the impending interest rate hike gets becomes more of a reality. Some bearish signs are especially prevalent for QQQ, as we see a relative vacuum area from below and lots of room before we hit any resistance from the Ichimoku cloud. Moreover, the RSI, MACD and OBV all indicate an unfortunate...
Junk bonds are typically just that - junk. But, the iShares High Yield Corporate has been one of those crowded trades that just do not die.
After witnessing the immaculate short squeeze from 1,864, the SPX staged an impressive rebound. But as I mentioned earlier today (on my InvestFeed - link below), the SPY is looking weak, and the ADX, which measures trend...
