TradingwDavid

As we have seen in the past, S&P is making a bearish consolidation pattern. In the short-term, however, is possible to see some bullish candles.

A bullish signal on the USD-CHF daily chart. Target profit at 1.0100 and stop loss in the area 0.9770/0.9780.

On July 2, the Reserve Bank of Australia (RBA) cuts rates for the second time in 4 weeks. The first time has been on June 4. Very interesting is the AUD situation, I will analyse the currency pair Aud-Usd trying to describe the future scenario. The current price might be an excellent level where to sell Aud-Usd, but there is an aspect to take into account. The...

The words of the Reserve Bank of Australia Governor that have followed the releasing of the Minutes have stopped a possible bounce of the Australian dollar. Below, you can read the end of his speech. "The Reserve Bank Board recognises that monetary policy has a role to play here. Earlier today, we released the minutes of the Board's meeting two weeks ago. At that...

Following the disappointment of the failed talks between the United States and China about two weeks ago, grains, particularly corn and soybeans, have fallen. The corn price dropped to a new low of the year (Monday, May 13). Since that time, the corn has started a steep rise due to the known meteorological problems. If we take the chart of the futures contract...

Does anyone else see a simile with August 2015? In that month Usd-Cnh jumped from 6.20 to 6.60, S&P 500 -15%, copper -9%, and Eur-Usd has reached a gain of over 700 pips. “China may stop purchasing US agricultural products and energy, reduce Boeing orders and restrict US service trade with China. Many Chinese scholars are discussing the possibility of dumping US...

On the Silver daily chart has formed an Inverse Head and Shoulders. However, before to open a bullish position, it is wise to wait for the break of the resistance at $ 15.00 which, in all likelihood, will push the price to $ 15.50/15.60 area.

On a graphical level, a bullish divergence has formed between the price and the Commodity Channel Index (CCI). A close above the black trendline will give the entry signal (long) on Amgen. First target area $ 179.65/182.47, while the stop loss below the last low ($ 168.44). I leave you free to decide the level on the basis of your money management.

A bullish Gartley is completed on the Gbp-Jpy daily chart. First target at 144.767 and second target at 146.335. Stop loss at 140.800.

Short KCZ19-KCH20 Entry date 5/3/2019 - Exit date 10/28/2019 Win 14/15 (93%)

In the last weeks, CHF (Swiss Franc) has been very weak against all the major currencies. Most likely there is more than one reason about it, including the SNB (Swiss National Bank) that has sold Swiss Francs and bought Euros (as it has often done in the last four and a half years). Today I analyse Eur-Chf because it has reached an interesting level. Two aspects...

A bearish signal on EUR-USD 4-hour chart with the first target at 1.12600 and the stop loss at 1.13350/1.13400.

A bearish signal on the EUR-CAD weekly chart with the target in the area 1.4210/1.4290 and stop loss at 1.5660/1.5680.

It's a chance...

If this candle (4-hour chart) will close below the black trendline, is very likely that the WTI will fall until the area $ 49.40/49.50. The stop loss, in the case, at $ 52.65/52.70.

A bullish signal on BTC-USD daily chart with the target area at 5,395/5,400 and the stop loss at 3,640/3,650.

The latest bullish USD-CAD phase is due to a weakness in the Canadian dollar. While the US dollar has moved sideways, the Canadian namesake fell, and this is in part explained by the sharp decline in oil. On the chart, the price is about to reach an important resistance at 1.37000. Let's see what could be the future of the currency pair, with some macroeconomic...

In recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle. Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly,...