After the United States and China completed the first phase of negotiations, the result of which was not as rosy as many expected, the markets decided to take a break and continued to develop existing trends. Note that the current optimism has exhausted itself. But the negative on the horizon more than enough. Only the first step has been taken. Now the parties...
The US and China have signed documents for the first phase of the trade deal. It would seem that this has been expected for a very long time and this is an excellent occasion for a mass exodus from safe-haven assets and another injection of capital into risky assets. But it was not there. Gold yesterday was more than comfortable, and the Japanese yen in the...
Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals. These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB . If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you fully accept and agree that it...
I read somewhere there is a co-relation between high oil prices and the ruble currency. But rather than heading into that area, let us focus on the charts instead. The recent Iran matter that drives the oil prices up will further deteriorate the USDRUB. But please note that there is strong support at price level from 60.80 to 61.58. So, if it plays out as...
USDRUB has reached a key HTF level 60.5-61. Awaiting momentum shifts on Daily/4H to get positioned long. First target 66.5-67, Second Target 69.5-70. SL at 59.8, below physiological support at 60. Further confluence is that price is sitting on the 200 week ema which has acted as support multiple times in the past.
Here markets are starting to see shorts pick up momentum, this has been a very very easy ride so far since our initial entry (see diagram): Oil has drastically sold off, and risk sentiment in the M.E is fading. While we failed to clear 70 we managed to unwind some at 65 on the Iran spike. No reason to change course here yet, market sits itching to breakdown....
After the US took an airstrike on Iran and killing its top general, I have been looking for a countercurrency for USD other than Gold and Oil... and so, USDRUB was detected. Moreover, its price action gave us a convincing sell bias as it has successfully broken the weekly 200ma. This set up will be targeting 55.000 psychological level that was previously tested in...
Looking at the chart, we can see a potential buy area between: 61.07939 / 60.46062, with a SL below: 60.46062 and a TP#1 area between 64.51077 / 63.72324 where I recommend closing 50% of your initial tradesize to give the TP#2 area "air to breave" and give you potentially more gains in the area between: 67.63276 / 65.83270 Follow if you like this ideas! check out...
RSX has been a great long that I had sold too early. That said, I think the risk/reward no longer favors being heavily long here. The USDRUB is falling in a nice channel but may need to reset its momentum here. A few days / weeks of consolidation would make a great re-entry for RSX or SBRCY. If you've got long positions for the dividend I wouldn't rule out...
Winter solstice spring equinox 2020 gann square of 9 keylevels
The period of the Christmas holidays is traditionally characterized by low liquidity in the financial markets (so-called “thin market”). So you can increase the level of aggressiveness in trading to the maximum due to the relatively insignificant volatility. But at the same time, the probability of flash crashes and sharp inexplicable jumps in volatility during...
First scenario Possible testing 2016 levels. Trade with care and a strategy.