There are many dynamics at play right now in commodities. in particular, WTI TVC:USOIL has seen a +60% rally over the past three to four months. In my opinion the bull market is not over but may be ready for a pause or even a pull back. A long term view shows price running up against resistance on the monthly chart. I do believe at some point this line will...
The Dollar Index TVC:DXY is still holding its uptrend even after the 1.5% slide we saw in the beginning of February. 91.70 is a reasonable target if you were to project the prior impulse from the current lows. If the USD gains momentum 92.50 area isn't too far away; remember uptrends tend to go further than we think. Buying opportunities are starting to form...
I'm watching the TVC:DXY as it could be forming an inverse head and shoulders pattern. This is a bullish pattern. The right shoulder could find it's low around the 90 handle as it has acted as strong support. Confirmation would be if price can trade above 91. DXY is currently trading near the lows of it's monthly sideways channel, giving this pattern good...
Antero Midstream's NYSE:AM inverse head and shoulders pattern is now confirmed. Long term position trade. Looking to add to my position and accumulate over time. “Do you know the only thing that gives me pleasure? It's to see my dividends coming in.” J. D. Rockefeller
Price dropped into a demand zone found within the area of interest between 1.5612 - 1.5512. CAD is slightly stronger than the EUR at the moment, which is the reason for the pullback. The zones location is in a good area of the uptrend and fresh. Looking for EURCAD to rally and continue its 240 min uptrend.
Here's a longer term technical view of Antero midstream NYSE:AM . After a multi year downtrend, AM has been forming an inverse head and shoulders. I did some measurements I thought were interesting and sharing them here for feedback and comments. The left shoulder took about 169 days to form. projecting that on the right shoulder shows the shoulder should be...
EURUSD sentiment is heavily bearish and USD(current strength reading of 1) is weaker than EUR(current strength reading of 4). I'm overall bullish on EURUSD and looking for prices to rise from here. Currently, EURUSD is within its' area of interest and looking for long opportunities between 1.1840 - 1.1742. The AOIalerts are created to help experienced traders...
Looking for shorting opportunities within the are of interest between 1.3156 - 1.3229. CAD is one of the stronger currencies while the USD has lagged behind. Bearish bias The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Looking for short opportunities within the are of interest between 1.1726 - 1.1777 The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Looking for buying opportunities between the area of interest between .7199 - .7171. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Looking for buying opportunities within the area of interest between 1.8089 - 1.7987. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Looking for short setups within the area of interest between .7178 - .7220. Price looking bearish trying to leave the area now. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Price has dropped into a demand zone on the 8hr chart of EURCAD. Looking to go long if price can move above 1.5629. Stop will go below the demand zone at or below 1.5573. I think price is making its way to 1.6 so ultimate target will be set right before at 1.5909. A trail stop can be used as price makes its way to the target. Currently EUR is stronger than...
Looking to buy NZDCAD within the are of interest between .8824 - .8800. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals
Looking for shorts on EURJPY within the are of interest between 123.69 - 124.42. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals.
Here are two charts of an equally weighted JPY index. On the right I have the daily timeframe and on the left I have the 4hr timeframe. On the daily, I have marked two zones, a supply and demand zone. Price is much closer to demand than supply giving me the impression that price will have an easier time going up than down. This is setting my overall bullish...
Looking for shorts on AUDUSD within the area of interest between .7182 - .7238. The AOIalerts are created to help experienced traders focus on higher probability locations for buy and sell signals.
Daily trend on DXY is up, giving the US Dollar strength it hasn't seen since the beginning of the year. There are a couple high quality areas the DXY could use to move higher. While the US dollar continues to rally I will be looking for USD buying opportunities against weaker counterparts. Looking at my relative strength analysis, some good counterparts to pair...