FREE FOOD "Fed on course to raise interest rates at an upcoming meeting: Yellen" -Reuters This means that the US dollar will appreciate again by around 300 points after the decision.Now seems to be the good time to go long usd. Personally i believe that the AUDUSD is overvalued and should be in the range of 0.65 and 0.7 in the years of 2017/2018 ,but thanks to...
going short at the foment would present best r and r. simple chart, weekly Fibonacci. targets could go further act accordingly
Gold started the day with a big selloff but then recovered after the FOMC and Janet Yellen announced that they would not be raising interest rates at this time. Gold is now attempting to break out of a potential triple top at $1220. If Gold can break through, then the first target would be 1241.7, the .618 fib extention from the bull run that started at the end of...
Price broke bullish trend and now is testing that trend. Waiting for a decrease of volume to go short till the support. If breaks, we can project the trade till second support.
Bearish divergence at RSI. Looking for a bearish movement if price stops at this point.
After Failing to reach 1220, gold is showing signs of short-term overbought. Don't rely on Yellen to talk gold up today as the $DXY is making higher intra-day highs.
Price has broken bullish trend line. Maybe we will have a correction till trend line, and then, is high probably that price will fall down till first support. If breaks, we should project bearish movement till second support
Price is moving bullish with high volume. If price stops at the top of channel, and volume decrease, will be nice opportunity to open short position till the bottom of channel.
We have clear divergence at MACD. In addition RSI is overselled. Good price to search a rebound to moving average.
Testing some new straregies in little frames. Searching a rebound on that pair till resistance level.
"Trend is your friend, you must follow it"- Thats what technical books said. Bearish trend, that coincide with 50% fibonacci level(aprox).
Price has broken support range. I think is not the best range figure, but probably its enough to confirm a bearish movement. Price is returning to this break level, so time to go short.
I'm personally expecting more upside to uj as exhaustion is not prevalent on higher timeframes, however, it is a possibility that a correction will begin in the coming days/weeks. A better entry for a short in my opinion is 121.4 area, however, if bearish market structure emerges i will look for short entries.
Short S&P 500 anticipation Head & shoulders pattern H4 #technical_analysis #forecast #trading $SPX #SPX500 #US #FED #Rate #Yellen #7BuySell
RATE HIKE EVENT: Discounted by the market USD is on its highs so it's discounting this event. DYNAMICS: EURUSD down on Rate Hike as a first effect on the market. Then we will see an acceleration to higher levels from 1,0590 area to 1,0690 and over 1,07.
There was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay close to the button when it hits 2PM EST. My call is...
the EURUSD has cratered for the last few weeks and I'm left wondering what may happen as we approach 13 year lows on this pair. 1.0470 (give or take a few pips) is the lowest level since 2003, anytime I see a double bottom happen with nothing nearer than 13 years prior I get curious and I can tell you I'm curious. EURUSD could be headed into MASSIVE lows, I'm...