Expecting more downward movement for GOLD, at least until 14 Dec FED decision
Within this trend since US Elections, failed to break 1200, or said otherwise, it is still experiencing election shock.
Formation of a bearish 4h hammer.
RSI mainly below 50, MACD below 0
Respects 23.60% Fib level since beginning of ...
Similar to CADJPY, NZDJPY reached resistance level. This level coincides with Fibonacci level which determines the likely end points of retracements. As you can see, since mid-2015 NJ has been in a downward trend and recent increase represents the retracement which is likely to be over (reached resistance and 50% ...
As shown on the graph, structure analysis could be very useful.
Resistance line: Use maximums and connect them to draw a resistance line which means that whenever price comes to this line it cannot break it, ther is a strong resistance, forming a trend. Once broken, though, it is a good opportunity to BUY and ...
CADJPY hitting resistance, tested unsuccessfully (could test again, watch out)
Technicals: Fibonacci Level, structure and over-bought RSI suggest short
Fundamentals: CAD gaining recently due to higher OIL prices (how long will that continue?), JPY's recent rapid depreciation (since Trump won elections) can generate ...
CADCHF reached a very important level!
Pair currenctly hitting support line valid from 2010
Blue line shows important structure, quadriple top formation since mid-2016
Likely to go down, might be good short, but careful, OIL has been in an upward trend for the previous days, thus CAD increasing in the short ...
Follow up on my idea about weak GBP in the last month of 2016:
Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against ...
Markets reacted pretty well to Donald Trump being elected as US President with SPX500 reaching all time high. Therefore, GOLD has tanked below 1200!
With USD being over-priced and GOLD failing to break 0.2Fib, it could be time for to buy XAUUSD. RSI and MACD also bullish. Blue line also shows important previous ...
Two strong resistance levels
Fib Level aligning with resistance = very difficult level for bears
RSI VERY VERY OVERBOUGHT
MACD also reaching end of bullish trend
However, if pair closes above 143 in the next few days, I would consider it as a clear break and will look for LONG
Year and a half old support line
'Curve' structure from June 2013 never been violated yet
Daily close above 0.7 Fib Level (start from June 2013)
RSI and MACD bullish
New Zealand economy healthy as main macro indicators show!
Canadian dollar might struggle given uncertainty around OIL prices (OIL broke important ...
OPEC proved it is not going to let oil prices plummet again, 618 retracement completed!
RSI together with MACD and Structure analysis suggests a similar technical story. Fibonacci levels and Previous Strucutre will not let OIL go below 46.
New highest for the year in December? Why not!?
Last week Supreme Court ruled that UK needs to have a parliamentary vote for Brexit
REFERENDUM NOT BINDING
Fundamentals give reasons to have faith in GBP again; strong yen hurting Japanese economy
Close above Fib on daily and strong BULL till the end of the week, even in a longer term.
Bounce from Fib and Moving Averages gives hope that red resistance line could be broken. MACD going bullish, together with RSI and Stoch might give enough power for pair to break trend upwards. Hoping for strong euro tendency from last week to continue (effects of CETA agreement).
RISKY, if trend not broken, I'll ...
- MACD grossing upwards
- RSI showing bullish signs
- Previous structure, blue line
- Fib Level tested unsuccessfully, so should be going up
- 200MA didn't allow it to go further down
- Stoch Indicator pointing up
* DXY hitting major support (past structure) and Fib soon, bullish sign?