LJtrade

LJtrade

Firstly I must add that I am not an oil expert, however in the recent couple of weeks commodities have been hit hard. Its a pity I cant get copper or iron on this chart, but gave you silver just for the general idea. This slump in commodities in general is what is causing CAD and AUS weakness. I still have a USDCAD short idea that was posted maybe a week early....

LJtrade

This graph explores what happened to the markets since 2007 when the VIX were at similar low levels. This is an extreme long term view and I must say for Gold in the shorter term (1-3 months) I am changing my previously published stance to neutral and my very short-term (1 to 2 weeks) is marginally bullish. My previous idea is still in play as there are short term...

LJtrade

This is an update on my 22 April idea when I publish short gold and neutral silver. I had shorted gold and also bought silver at that stage and made a healthy profit on the gap post french election. Gold is getting very hard to predict now. The correlating currency to XAU is UJ and UJ has been quite bullish despite weaker US economic data. The DXY is also been...

LJtrade

A friend asked for a view of UC and I thought I would share. UC is now trading in a strong resistance zone and has only peaked at this level thrice this year. If you believe in history repeating itself then look for short opportunities here. The pair is alos trading well above its moving averages and for neighbouring trading partner countries one would expect the...

LJtrade

Sometimes I get annoyed in the trade room when the crowd wants to short every time they see USDJPY hit an up spike. There is however a big elephant in the room and that is the Trump factor causing the 2017 downwards momentum and sentiment. There is no doubt that the US economy is still incredibly healthy with jobless levels at record lows. Economic data is by and...

LJtrade

This gold idea should not be read in isolation, please read other Gold ideas for some perspective why I think a short is high probability. Now we all know that Gold and Silver are a correlated pair. and the main chart represents XAU/XAG and tracking that to 200 MA can show where gold is overvalued to silver and in particular how it is driven by media hype whether...

LJtrade

Here I am correlating Gold and SPX performance. Gold is inversely correlated to SPX. The bottom blue line drawn on the inverse of SPX indicates that the SPX has remained flat over the last two months. The top blue line indicates that Gold however has run away over the last two months. The other interesting thing to note is XAUSD/SPX relative to the 200 MA. The...

LJtrade

Short term UJ outlook is long. Despite news hype I would way for next Fed meeting outcome to determine deviation from this trend. If UJ breaks through resistance zone expect long for the remainder of April leading to Mid Marc. Trading strategy would be to buy on lows and sell on highs while securing smaller lots for a longer term hold to 115 levels. These...

LJtrade

EURUSD is in a longer term structural decline. Pockets of excellence in in the Eurozone continue to perform. Imminent fears are outcome of French Election. Looking beyond that USD is still considered marginally bullish on the back of Q1 earnings season forecast. Traders should be aware of Frexit concerns leading up to French Elections. in the coming weeks....

LJtrade

Caveat - Note that Tradeview does not produce accurate scales. Therefore XAUUSD and USDJPY movements to be taken as floating/relative. For this idea I have taken two safe haven assets, one being Gold, the other Yen. The blue line is the main chart line and reflects the XAU/JPY. This tells you from a safe haven perspective if there is a relative trading premium...

LJtrade

OOPS - I am no great chartist, but I do like looking for relationships. Here relative to gold I am plotting SPX and VIX and I do have a clearer vision of what the SPX should be doing as what Gold is going to do. (I will attempt to publish another chart on JPY & XAU but for now just remember to be careful when trading this idea as Gold and US exchanges were...

LJtrade

Fear of war is probably over exaggerated and Gold overvalued to DXY and Yen