Hi folks. We've been waiting for the long signals for Gold for too long, now it seems that it shows a clear bullish pattern.
After having formed a double bottom below, with a notable relative strength inside of the range, now Gold starts to move away from the support. Since yesterday we had only the 1st day of the move, we have a probability skewed towards a long...
Considering rising bond yields and inflation expectations, EURUSD may slide lower as shown on the chart.
In spite of the extremely dovish FED, the market doesn't seem to like the idea of infinite QE. So, one might prepare for the position trade.
I perceive Russell2000 as being in a still bullish phase, however, it might need more time to settle. Today we might see mild pressure to the upside with light volume. Remember, today is a short day for CME. US Stock exchanges are closed.
Hi folks. As the sentiment worsens for the Eurozone, EURCHF looks like a decent play, considering that it's located near the strong technical zone (crossing of 21 and 50 moving averages). A potential short opportunity
Stock shows a relative strength. One may take a long trade with a stop at $128. Stop is very tight, so take care about trade management
a potential risk is the opening with a gap down, so if you’re not comfortable with the position, think twice before taking this trade
AUDUSD triggers a buy point with a target of 35-40 pips above. Not a big deal, 1/1 profit/loss ratio, though the sentiment is bullish for commodity currencies, thus the odds are on the side of buyers here.
After the massive liquidation for BTCUSD, we still see the relative strength for Etherium, which represents the "rotation mechanism": bull markets usually move by rotation between different assets. Now, the bullish rally may be expected for non-bitcoin crypto assets, so it makes sense to find entry points to the long side as shown on the chart.
EURGBP has come to the combination of strong technical references: 200-day ma, 21 and 50 mas. Whatever signal it provides soon (to the long or to the short), it might be a good trade location to participate cause the current area may be a starting point for the new swing as shown on the chart (2 basic scenarios). I know, it looks as a 50/50 analysis, but the idea...