This is part 2. On weekly basis.
Look at the divergence here. Prices has falling since 2014, many oil corporations are having difficulty. Presenting lower profits and so on. Rig counts are falling dramactly in US. That can press oil prices up since more oil rigs are shouting down. I think many of you already are aware of the fundamentals on oil, so there is no...
This is part one (1) of two analyses. This is
of course on daily basis. You should pay
attention to the number 2 on indicator and
on graph. The price where took a lower low
but MACD took a higher low. A positive divergens.
What to expect? Saudi Arabia will only free oil
production if Iran joins. This fundamental news
puts pressure on oil. It is likely we will...
This is written in swedish. This charts shows all of the Federal Reserves increase and decrease on funds rate. Each bubble has their respective dates and basis points. All data är collected from Feds website.
The green one are rate hikes
The red ones are rate decrases.
The purple one are the 9/11 and banks crash in 2008.
Seems to me that everybody seems to be somehow chocked over the latest down move on gold. Well, if you look at it
whit another perspective it seems clearer.
Is gold setting up a possible bullish butterfly setup?
God morning fellow traders!
Last time it reached this level was 2014-01-24!
Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls.
Today we have a bullish move. This such a move that every body at the trading desk is waiting for!
So i will do 3 trades today only on AUDUSD. I will buy either later...