RobertSoos

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About me My main focus is market fundamentals. CONSULTING/WEBINARS: soos.trading@gmail.com
Joined Budapest, Hungary
Industry Advisor - brokerchooser.com
Markets Allocation
54 % forex 9 % indices 6 % commodities 31 % other
Top Mentioned Symbols
AUDUSD 14% | 5 EURUSD 11% | 4 USDCAD 8% | 3 SPX 8% | 3
RobertSoos RobertSoos GER30, W, Short ,
GER30: DAX - near term short correction
92 0 0
GER30, W Short
DAX - near term short correction

ECB is in wait and see mode for now which means equity markets in Europe need to rise without further stimulus expected in the near term. If macro data will outperform the brake above 10500 points in GER30 is possible, even though weekly price action is bearish.

RobertSoos RobertSoos AUDUSD, W,
AUDUSD: AUDUSD - time to take profit on long positions?
35 0 0
AUDUSD, W
AUDUSD - time to take profit on long positions?

Correction on commodity markets + strong jobs data supports AUD however ahead of the 0,79 (AUDUSD) big figure technicals might force institutional investor to lock in some profits from AUDUSD longs. Technical resistance: 100 weekly EMA, downward channel since 2013.

RobertSoos RobertSoos USDNOK, D, Short ,
USDNOK: USDNOK - still some room for shorts
26 0 0
USDNOK, D Short
USDNOK - still some room for shorts

Some fundamentals: + Norwegian inflation is at 3.3% (little or no room for monetary easing) +Price of Brent recovering + Massive current account surplus -Huge drop in GDP growth to 0,1% - Deteriorating consumer sentiment

RobertSoos RobertSoos GBPUSD, 240, Long ,
GBPUSD: GBPUSD - potentian bullish break above 1,42 level
44 0 0
GBPUSD, 240 Long
GBPUSD - potentian bullish break above 1,42 level

Pound is continously dragged down by Brexit fears and soft BoE comments, hence the larger trend is still bearish. However CPI 's are picking up in the UK limiting the space for further dovishness of the Bank of England. Note: not a particularly high probability setup. Recent high volatility can lead to a quick stop out or a T/P reach.

RobertSoos RobertSoos AUDUSD, 60, Short ,
AUDUSD: AUDUSD - H1 SHORT setup
74 0 0
AUDUSD, 60 Short
AUDUSD - H1 SHORT setup

The momentum is still strongly BULLISH in Aussie pairs, so I entered position for a short test, purely for technical reasons. Oil fluctuations will probably rise ahead of Doha and EIA inventory data, I also expect volatility in commodity dollars to pick up. Chinese GDP figure on Friday is also a risk factor, some AUD profit taking might occur. RR: 1:3 Stopping ...

RobertSoos RobertSoos NZDUSD, 240, Long ,
NZDUSD: NZD/USD - triangle bullish break out
94 0 2
NZDUSD, 240 Long
NZD/USD - triangle bullish break out

Fed is strongly divided on monetary policy but even 2 rate hikes are below market expectations. Kiwi $ is an attractive currency for carry reasons also. Techically for the NZDUSD long position to work out the 0,6760 support needs to hold (double bottom formation) + bullish candlestick formation has to appear. Without these two conditions not entering this ...

RobertSoos RobertSoos USDCAD, W, Long ,
USDCAD: USDCAD - in descent for 11 weeks, time to go long?
102 0 2
USDCAD, W Long
USDCAD - in descent for 11 weeks, time to go long?

With oil prices rebounding flow towards commodity currencies was evident. While guessing Crude oil tops is pointless, after 11 weeks and more than 11 % appreciation loonie might be at a resting point. The Canadian government is to anounce its fiscal stimulus, I believe most positive factors are already priced in, hence I am trying to go long at the weekly 61.8% ...

RobertSoos RobertSoos SPX500, 240,
SPX500: S&P 500 vs. GOLD - unsustainable correlation?
350 1 6
SPX500, 240
S&P 500 vs. GOLD - unsustainable correlation?

The two instruments are very different in nature, XAUUSD (g o l d) bullishness was explained this year by negative investment sentiment. Hovewer markets turned risk on since mid Feb' and gold still rises. Either stockmarkets or g o l d investors will have to suffer losses in the near future, especially as both are at technical resistances.

RobertSoos RobertSoos GER30, 240, Short ,
GER30: Dax can't cope with the round 10000 level
128 0 3
GER30, 240 Short
Dax can't cope with the round 10000 level

German Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...

RobertSoos RobertSoos GER30, 240, Short ,
GER30: DAX false break out, nose dive
48 0 2
GER30, 240 Short
DAX false break out, nose dive

German Dax index was ahead of the 10.000 point big figure, after a false break turns down heavily...

RobertSoos RobertSoos USOIL, D, Long ,
USOIL: Strong bullish momentum in oil market
77 1 1
USOIL, D Long
Strong bullish momentum in oil market

US oil output in decline, rig count data dropped below 500; these are the two main fundamental drivers of WTI crude oil. I expect to see profit taking in oil longs around the 41-42.50 levels. In FX watch out for CAD and NOK directions.

RobertSoos RobertSoos USDCAD, D, Long ,
USDCAD: USDCAD - waiting for candlestick formation
55 0 2
USDCAD, D Long
USDCAD - waiting for candlestick formation

Caddy approaching serious technical support zone (1,33-1,34) -200 dma + trendline Need to watch for crude oil price as USDCAD and WTI intraday correlation is very strong. Also waiting for bullish reversal candlestick formation, not opening position without seeing that. Fundamentally both US and Canadian GDP figures outperformed, inflation momentum is picking ...

RobertSoos RobertSoos AUDUSD, 240, Long ,
AUDUSD: AUDUSD - bullish price action, horizontal resistance
84 1 0
AUDUSD, 240 Long
AUDUSD - bullish price action, horizontal resistance

Resistance: 0.7250 approached three times already, I expect it to break eventually.

RobertSoos RobertSoos EURUSD, 120,
EURUSD: FX Majors for February
56 0 2
EURUSD, 120
FX Majors for February

Clearly two currencies stand out from the field: JPY and GBP. First for the safe haven flow, second because of renewed Brexit fears.

RobertSoos RobertSoos XLB, 240,
XLB: Financial sectors comparison chart
42 0 1
XLB, 240
Financial sectors comparison chart

XLB, XLF, XLY, XLV, XLE, XLRE, XLI, XLU, XLP, XLK, VOX

RobertSoos RobertSoos SPX500, 60, Short ,
SPX500: Gold vs S&P 500
77 0 1
SPX500, 60 Short
Gold vs S&P 500

Safe haven money flow continues to support gold. USD also getting weaker as Fed rate hikes are getting less certain, both supportive for some XAUUSD buys. I expect SPX500 to touch lower levels next week and xauusd to go higher.

RobertSoos RobertSoos SPX500, M, Short ,
SPX500: S&P 500 vs. Elliot wave theory
871 11 7
SPX500, M Short
S&P 500 vs. Elliot wave theory

Since the beginning of the bull market (2009) SPX500 had 3 bigger long runs with impulse wave 5 being the largest. Fed printing money, low inflation and improving macro data was on the side of stock investors. Some rest and profit taking can push lower the index towards the 1800's and later even lower.

RobertSoos RobertSoos XAUUSD, D, Short ,
XAUUSD: Gold - daily technical resistance
36 0 0
XAUUSD, D Short
Gold - daily technical resistance

Given the negative market sentiment there is further potential for xauusd (gold) to rise, but some profit taking could be seen near the 100 SMA moving avarege.

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