Dubsta000

Dubsta000

EURGBP Emerging Price Pattern. EURGBP price is consolidating in this tight and tightening parabolic support/resistance line formation. Price has been very consistent bouncing between the flanks of the sterling salmon. This pattern, as you can imagine, is not a common pattern and it is not clear whether it will be yanked up with the fisherman or flounder down...

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Gold Bearish Reversal - Multi chart Confluence It appears that Gold (XAU/USD) has topped at around the $1325 mark and looks like the bulls have run out of steam. Downside momentum now prevails and large retrace is likely, given that 4H, Daily and Weekly charts on gold point to oversold conditions. I have set up a sell trade on gold with current...

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Gold has just stopped a couple of points short of the statistically significant $1300 mark and it looks like a reversal is likely at this time. As you can see on the chart, the precious metal has completed a very typical impulsive Elliot wave structure with the 5th wave extending to a key Fibonacci point at 1.618% (Fibonacci extension of wave 3) at price $1298.5....

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The Dow Jones Industrial Average (US30USD) has officially posted a 10% drop from its high on the 03.10.18 at 26950. It is now classified as an official correction as illustrated by a 10% drop. The relentless sell off in US equities shows that there is still severe trepidation in markets. Furthermore, the similar aggressive sell-off in all other global equities...

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US equities have had a largely aggressive bull run to date. However, current economic conditions and future expectations are seriously rattling investor confidence. As the Fed Chair stated last week, it is very rare for markets to decrease in strong economic growth conditions. However, we have had three major corrections this year alone and the bulls are starting...

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On the chart of BTCUSD, I have incorporated 3 robust indicators on a daily chart that illustrate ideal long and short positions. The signals are not 100% accurate, but considering that chart analysis and entry/exit positioning is not a science, the signal that the three indicators produce is quite robust. The chart above shows that there have been quite a few...

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Entry and Exit Strategy are highlighted at the end of my analysis. The following analysis points out that a bullish reversal in gold is likely. My analysis a couple of weeks highlighted that a reversal was imminent, however, my analysis was slightly too early. As such, I have re-evaluated my position and analysed fundamentals in the market to better gauge what...

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This analysis forms part of a wider 'story' if you like to the current commodity situation tied up to key fundamental factors such as China and US 'trade war', and its subsequent implication of global economic growth and its strong causal link to commodity market for base construction metals and materials. Please see other idea for greater insight and analysis....

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Potential long position forming with Copper on daily chart. Using simple wave analysis, Ichimoku overlay, OBV and MACD indicators, signs of a trend reversal in Copper are showing adequate confluence. The daily chart for copper is a good example of plotting Elliot waves. As you can see, ABC corrective waves has fallen between impulsive waves 3 and 4. This is a good...

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Gold is currently at a 13 month low and key indicators are starting to show a potential trend reversal. On Balance Volume is showing a divergence over the past week. OBV is a key momentum indicator and divergences in price and indicator usually provide a reversal signal. MACD indicator is a common divergence indicator and is showing clear divergence. Also, it is...

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These are a set of strong trading signals that can be used for entry and exit points. I have used Bitcoin as my example as it clearly shows strong entry and exit points. Please look at the graph and indicators carefully as it can be hard to follow. The way it works is that a confirmation buy or sell signal happens when all 3 indicators cross over their respective...

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14th Aug 2018 FUNDAMENTAL ANALYSIS The analysis that follows in my discussion is quite deep, be prepared for some solid insight into the market for commodities, global economic analysis and the current situation of this 'trade war'. As such, I will endeavour to succinctly tie up fundamental and technical analysis to provide you with a good understanding of the...

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For the past week or so, Gold has been trading in a tight horizontal price channel, bound between 1205 and 1217. However today Gold has posted a new low just hovering above the 1200 mark. Whole number points (1100, 1200, 1300) are incredibly significant in terms of trend analysis as they almost always show records of market hesitation before continuation in the...

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EURUSD Weekly Chart - Medium to Long Term Bearish Outlook EURUSD is at a 13 month low. It is currently resting at the 50% fibonacci level. Analysis points out that a trend reversal at this stage is not likelyTh and continued declines at or below the 61.8% fibonacci level are expected. However, a short term blip at the current 50% level may occur before continuing...

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US equities particularly DJIA, SP500 and NDX appear to be at overbought conditions. DJIA and SP500 reached new heights the past week, the highest since February. My analysis of the DJIA shows that the index has failed to reach the upper resistance line of the price channel that has formed over the last months. On top of this the recent high on the chart is showing...