Timgucci

Timgucci

EurUsd has just entered the DEMAND ZONE.

Timgucci

Copper has been trading in a bearish channel since 2011 right after bouncing off from the ascending resistance of the ultimate bullish channel. The first corrective wave in the blue bearish channel ended last year and price failed to break out to the upside. A critical price level has been broken and this will potentially expose the copper price to a further...

Timgucci

The monthly time frame shows strong reversal pattern with a breakout from the impulsive wave on the daily time frame. I expect price to retest the previous support around $1566/ounce (Now resistance) before going into LONG TERM short positions with a target of around $1180 to $1200/ounce.

Timgucci

This has been a perfect play - out for several months. Price seems to have broken out of the prominent yearly channel with a strong impulsive wave. If the DXY closes above $100 this month, I expect the Zambian Kwacha to depreciate even further to at least K20.21 / $ 1 (CASE 1). If the U.S. dollar index closes the month below $100 however, I will expect the second...

Timgucci

Generally, the U.S. dollar index has been in a bearish setup since 1986 as can be seen by the black parallel channel. However, price has been trading in the lower half of the bullish channel which began in 2008 and broke resistance at 161.8% of the Fibonacci level thereby exposing the DXY into the upper half of the bullish channel. In this view, I have a long...