Running Alpha Sees Gold Transitioning into Powerful Bullish Phase -- Signaling that Yellen will get her way, and start raising rates sooner than later. XLF should continue progressing in its bullish trend, particularly so when KRE joins the party, and after October 12th or perhaps anytime on or after October 14th, look out for KRE -- Regional Bank index to break...
Conservatively in my opinion Gold should be as high as US$3000 / ounce right now, it could even overshoot to as high as U.S$10,000 an ounce given mass speculation and bubble. Look beyond the current artificial or secular bear market of gold you call it, and lay down the price of Gold relative to the M1 money supply of the United States. Since the start of the...
Hi All! As I did back in August with the september meeting, I have decided to create a possibility of different Scenarios for the EURUSD pair for the month of December. I have outlined 3 scenarios based on the price range seen and recheable so far this year, this would give you a good idea of where to buy, sell or hold positions if you are thinking about trading...
Sterling has been on a monster tear after mixed employment data out of the United Kingdom. Averages earnings beat expectations of 2.6 percent, printing a 2.9 percent. However, the U.K. did see a rise in unemployment even as the unemployment rate fell a tenth-percent. Traders are looking to front from any potential talk out of the Bank of England (BoE) that...
Following the FOMC minutes on Wednesday, gold has seen a massive two day move that brought the precious metal to five-week highs. Worries mount as market participants are beginning to realize that the Federal Reserve is stuck within a liquidity trap. The minutes statement indicated that the Fed saw risks to near-term inflation (as the five-year breakeven rate hit...
Just entered this EURJPY trade short just now which is pretty much 1hr after the FOMC announcement.. EURJPY has been consolidating for most of this week and it is finally breaking with the FOMC as the cataylst. Expected Price target is around 135.55 which is around a 75 pip target
Hi All, I cant sleep and I am feeling a bit poorly so I thought I put my ideas in a clear chart to look at it in the days to come this is purely based on Technicals and trendlines, I think a deeper retractment is well needed before visting lower areas, on the fundamental side, even though Industrial production is come out lower than expected we know that Yellen...
This is in line with all my trades posted so far for today. Upward Trendline has been broken which is highlighted by yellow box and now it is breaking down south. Along with Yellen currently speaking in regards to rates, I'm anticipating a target of around 95.50 - which gives me a profit of over 80 pips
The market is repeating itself with lower values and has formed a classic double top. I think the increase we are seeing now is Yellen hype. A push up will close out shorts then the market should fall to the neckline support.
VIDEO: www.youtube.com Hello and good morning traders, we have a bat pattern approaching the D-LEG completion here soon. I'll be sitting this one out on the sidelines personally. Please watch the video above for today's trading. Star Prosper Philip Stewart
I've been watching this chart closely, and I think we might see a great buy setup in the near short term. Eyeing the area between 121.43 and 122.34, with invalidation for this signal below 118.968, potential upside is 137.94 in 6 months or less. We don't get significant trends in FX very often, and this is one of them. I'll be monitoring the Yen to enter a longer...
Daily Update - 4 hourly Head & Shoulder pattern is playing out - Head at 97.50 and neckline was at 94.84, giving a distance of 2.66 - Target for the H&S is at 92.18 which hits the 38.2% Fib retracement from the 2014 rally - Current PA we have minor support on the trendline then with key support at 93.13 - Break below 93.13 opens up more selling where price...
Yesterday, Ashraf Laidi put out an interesting post on the USDJPY and a 40-month cycle. From April 1995 to August 1998, the pair rose just over 85 percent. In brief, in the mid-90s, the US were raising interest rates (who does that anymore? Psh), which made the dollar stronger following the recession of 1990. The Japanese yen was devalued, too, as their asset...
Dollar bulls may be few and far between, as a potential rate hike has now become a "buy the anticipation, sell the rumor" play. Even the most hardcore bulls like Marc Chandler has taken a step back to rethink the dollar. After making a series of lower highs and lower lows, the dollar could very well test the lows near 93; while a series of resistance levels...
The USD sell off as traders set a chain of profit taking after 2 weeks rally due to various factors: - Greece uncertainty of exiting the EZ make holding USD worthwhile - US Economic data has been promising with CPI much higher - Hawkish comment from Yellen - That view is changing with 5th of June looming for a potential deal and no Grexit A lower USD...
Entry: Long Dollar on the break out from the flag and taking out previous high of 97.73 for confirmation. Stop: Use 97.00 psychological level or 96.98 which is 76.8% retracement of the flag high to low. Target: Using the Flag pole as an estimate to a target - we have 100.37 (which was previous target) Trade Invalidate if: - Fed members talk down the dollar -...
EURUSD Retested 1.1 overnight but failed below 1.0980 - the move was quite quick and we once again missed our entry. See another bounce towards 1.0960 before an eventual move towards the multi-lows around 1.05. Shorts above 1.0940 against 1.0980/1.1005 are valid but more conservative traders could wait for a break of the minor support trendline/overnight low...