StirlingBishop

StirlingBishop Updated 

Firstly - The demand for Gold should go up as a result of the financial uncertainty in the global markets. This will drive demand as investors look for safe haven. Secondly - The price has broken a strong descending trend-line which has been in place since the Mid-April crash. If the price is able to sit above the $1210.0 support, this should allow the price to...

StirlingBishop

CAD/JPY is looking as if it is about to break out above the 87.5 resistance area - My inclination would be to take up a long position around 87.3 with stops placed below 87.0. Keep an eye on the price action in the following hours/days to spot the best entry point. This is not investment advise. Losses can exceed initial investment, Trade carefully.

StirlingBishop

There is potential for a trend continuation in this pairing. Wait for the price to show signs of a bounce off the support and then look to make an entry. This is not trade advice, simply throwing ideas out there. Good luck and remember to use risk management carefully to reduce potential losses.

StirlingBishop

Platinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up. The Platinum price has bounced strongly off the all-time low support...

StirlingBishop

I have placed a market order for a short position on this pairing. This seems to me like a good trade considering the recent impasse in the Brexit negotiations, and the positive correlation (0.78) between movements in oil prices and the Canadian dollar. I have placed my entry @ 1.693. I am looking to take profit @ 1.66. My stop loss will be set at 1.703 for the...

StirlingBishop

In this chart you can see that the price of silver is approaching a two year low and that it is currently sitting on a previous demand zone. As you can see in Dec-Jan 16' the price bounced off this support line and shot up to prices of 20-21 on a parabolic jump. Could this happen again? All we can do is speculate and see what happens. Although this is simply an...