USD/CHF - Most of the majors are brewing to further movement!
At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag.
However, For further development regarding CHF Pair - An Inverse H&S...
EURJPY - Stuck within a range.
At this current moment of time, if you look at the pairs of the majors EURO and YEN, They both actually in a range combining the minor pair EUR/JPY this makes sense to be in a range as well.
Fundamentally, we do have the FOMC this week on Wednesday, which could increase the volatility towards these pairs majors and the minor pair...
Technical outlook towards EUR/MXN
We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why?
***Higher time frame indicates shorter time frame of movement! ***
Pattern wise - we are being squeezed within price action of a...
DXY - Technical Aspects: I feel we are approaching key area now, at this current time..Why?
- We are near a trend-line down, if we go above the next trend-line area would be the next resistance areas.
- Looking at bulls and bear scenario - Bears - could be bear flag formed measuring - 1.618 area down areas of support (That's if it breaks out of range drawn with...
GBP - Cable...Yes, we do have further Brexit talks this week...!
Regarding Brexit we do have till 15th October - For further information, check Brexit schedule online..
Brexit has been an on going thing that really both sides don't agree on much at all. However, there is time to resolve although for a deal could be looking slim the further we approach the key...
Hey, we made it through this week! Choppy on precious metals, currencies and indices finally had a minor little pull-back.
I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...!
Firstly, let's look at technical aspects...
Gold, Gold, Gold......!
Well, we made it to Thursday - Finally got that dollar strength..! Hold steady we have NFP tomorrow - This could make or break the beautiful gold dust, not sure if you've heard the song but great motivation.
However, back to technical and fundamentals of gold (XAU/USD) Key trend-line up from the daily as well connects nicely, we could...
What do I mean by be careful?
We did have Fed VC Clarida which shifted the market nicely towards areas I had in mind - mentioning YCC and inflationary information.
If you did get in early in EURO at a good price, a good risk/reward set up I would keep on the position till 1.20 areas and perhaps take some profit as it's nice area but let's keep an eye on RSI it...
I'm actually very excited to share this chart!
For months I've been loving the dollar weakness keeping a key eye, that's been the main dominance in the market at this moment of time - Forget Brexit..It's like long going divorce which none of them can agree on anything at this moment of time.
I posted a video explaining we might reach 1.35 areas - we've come...
AUDJPY - We've had get bullish momentum for a while...!
Let's go through some important fundamentals announcements: JAPANESE PM ABE HAS RESIGNED DUE TO HEALTH REASONS.
Now, that drove increased yen and the indices, due to pressure occurring.
Technical aspects of AUDJPY:
We are in a wedge formation, looking at daily chart.
Long term channel bullish
What a great pair to trade recently!
Let me explain why - Currencies have lacked momentum of volume. Even though, gold has been range bound the moves has been a lot cleaner on scalp trades including silver too. However, today will be very critical which us trades much pay attention. Jackson Hole Summit, Powell to speak today about monetary policies longer term...
EUR/CAD Cup & Handle Formation...!
As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement.
I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what...
It's Jackson Hole Time!
Why is this a key event: On Thursday, we have Powell speaking about - Challenges for Monetary Policy!
Now from the last FOMC meeting minutes, there was no change and no YCC so that drove the gold lower and other major currencies. However, let's focus on now what could be the outcome for this week and what should you do as it the end...
Right...Let's look at the bigger picture!
Loonie CAD - Technicals - Weekly:
Strong Bullish channel since 2017 - Been holding up well.
Yellow line - from past triangle formation - Finding nice area of support.
200 EMA (GREEN) - Again been respected.
We are struggling to pass the 200 EMA - as well as the key support areas of the channel, there might be a...
XAUUSD - GOLD - Further decline?
It's finally Friday - Currencies still within that beautiful range! Great momentum was in precious metals & yields - 10 yr T Notes & Bunds!
I've been eyeing the 10 yr with Gold - Correlation aspects. It's something I recommend you analyse further in depth.
Now, Let's go back a little - DXY Been within that range, 10 yr diving...
GBPUSD - Yesterday, I posted bear flag formation - we did get to one of the support levels I been looking at but that key pull back I mentioned was key!
We are range bound between the areas of:
Resistance 1: 1.31233
Resistance 2: 1.31794
Support 1: 1.30151
Support 2: 1.29831
Pattern: Triangle - Consolidating at this moment of time.
If we were to go below...
GBPUSD - What clean moves we have had.
When it comes to trading and you don't understand what's going on go through higher time frames and concentrate on the levels and then go through more in depth technical approach the shorter the time frames you go into or having few bad runs - take a day or two off and come back refreshed.
I've been selling this pair...
What's key about this area - The trend-line down.
Many fundamental aspects: Noting down the 5/10yr T notes as well as inflationary aspects.
If you're interested in fundamentals keep an eye on: key areas in these pairs - EUR, USD, RUSS, SPX, 5/10 Yr T Notes & Precious metals.
The best thing i've learnt to do this year - Diversify your portfolio, allocation...