The run-up of gold was in due to Chinese and US trade tensions mainly due to China dumping US debt for gold. With news from the G20 summit, Xi and Trump came to a truce that will ease markets and divert buyers from safe haven alternatives. We can expect prices to most certainly go down. Golds current price is a little too extended and is due for a correction as...
With major breakthroughs in the G20 summit this weekend, I can expect a stronger rally in the USD and a weakening BTCUSD. I said in my last post and the one prior to that BTCUSD will fall to 11,000$ and then fall into a range. WIth current events likely to benefit CFD's, Stocks, and currencies, I am bearish on BTCUSD for the time being until global recession...
With all eyes on the G20 summit, and its potential to further deepen economic woes killing trust in central banks mishandlement of monetary policy. We can only wait and see what might happen between China and the United States. BTCUSD bull run can be mainly attributed to the looming trade war, global slowdown, and Facebooks entrance into the crypto world. Until...
The world economy has already seen a major slowdown in many economic regions like the Eurozone and China. 70% of ALL countries are experiencing a slowdown in GDP growth, which is comparable to 2008 levels. Italy was expected to have a GDP growth of 1% early in the year, but forecasts have been cut down to 0.2%. Germany was expected to grow by 1.9%, but was later...
Let's be real BTC.USD was and is a little overbought right now. We need to see a healthy market correction and flatline for substantial future growth to prove the maturity of this market. I do not think we will go past 20,000 and or even 15,000. BTC.USD still mainly driven by humans unlike other markets will see the price of BTC drop to a psycological level of...
EUR.USD had very weak momentum to the upside, so we should expect a stronger pushdown. Structure on the 4H is overextended and in range for a strong pullback, and my indicator is showing weak pip movement and a potential reversal down.
My price target from before stands, but now we are presented with a better buying oppurtunity. I recommend buying the pullback. We have seen a hyperextension on price through the channel, and our indicator is in buying territory.
EURAUD is presenting us with a confirmation candle, as well as perfect structure length. Indicator has notified that we should be seeing a reversal in the trend to a bearish move.
Structure level is met, hyperextension over channel, and expecting the dollar to recover after FED chairman's remarks yesterday. Our indicator is currently in trend mode so we should see the bearish trend continue over the next few days.
Alright, this will be my official price target for USD.CAD. Please see my previous post for the factors that led to this conculsion.
Structure and system have indicated an entry point to buy. This trade setup is a swing/interday trade. Powell Speech indicated that the FED will be reluctant to slash interest rates leading to a potentially bullish dollar for the next month.
Support level has been broken, and we can safetly assume a price movement down. I have a short position in place, and have a TP just above the next lower support (SHOWN in Green). Expecting a drop of at LEAST 40 pips.
Support and resistance channel formed. This is calling for a small short based off of simle price action. Last 6 trades have been correct using simple price action and RSI;MACD integration. No RSI and MACD indicating any movements, but we can still use the momentum of EURUSD on the 1h to pin point a price move down.
Alright these past 2 days have seen golds price run stagnate a little bit, and the time to blow off some off this bulls steam is now since we are due for a correction of some sort. Dont worry though because this is a healthy part of the market, and is expected. Now the last major level falls exactly on a FIB level near $1234. I expect this level to be tested in...
Alright NZDUSD was not able to break the resistance! From such a swing up, it is time for us to BLOW some STEAM!! This one will be a clear short, price action, RSI, and MACD are all indicating a reversal! SHORT SHORT SHORT
Alright we have found a nice support and resistance to create a rising channel. Usually with these rising channels, The reistance tends not to be touched after 2 touches, but the support will. This is why keeping an eye out for that support level will be very crucial! Currently just like BTCUSD, I will not enter or recommend entering any trades until we have a...
Alright guys the levels and entries I had given out to you last time was executed perfectly! I was trading BCHUSD in accordance with BTCUSD. I was able to pull away a 7% profit from the trade overnight with an entry when BTCUSD crossed the resistance and a TP just a few pips below the higher black line! Alright so for the next trade setup, I wont be making any...
Alright guys we have seen a weakness with the bulls just in time for us to also get a sell signal from our RSI! I think this might be the oppurtunity we have all be looking forward to. My take profit will likely be above the support zone near 1.14050. Im going to go in this trade when we see a red 1 hour pip and when our MACD V also gives a momonetum change...