Short on the daily timeframe in relation to the long term outlook posted on my page
A brief explanation of gold, why it has value and how it's traded. My long term outlook is consolidation before coming lower. Setups for this asset will also be on my page so please like and follow!
Long term outlook on GBP/AUD to the upside! - Explanation on chart...
Euro was boosted by a hawkish shift in the ECB's tone, which I believe is very premature since Euro Area core inflation sits around 2.3% contracting, along with headline inflation being less than the U.S. and mostly due to energy costs/supply chain issues which are transitory. Couple that with the Fed not raising rates in the last meeting, we couldn't push through...
EURGBP Long term analysis with descriptions on the chart...
EURUSD - Analysis on chart regarding the upcoming rebound to 1.1450 in the short term followed by a descent to 1.06 ultimately by Q3/Q4
Everyone always asks when they start out "which pairs should I choose to trade with" as there is a long list of currencies. So let's break it down: 1. The currency market is the most liquid market place in the world, but that's not the case with ALL currencies. In fact, the US Dollar is involved in around 90% of all trades that occur in the market and therefore...
I see Gold making a run at the 1900s after taking out some long term barriers at the low 1800s last week. Retesting that broken level gives us a 1:1.5 to the next target, which can be held onto if you are confident we'll go even higher!
Retesting a broken trendline and a new support! With a bad jobs report last week, it could call into question USD buyers. Last time USD was bearish like this was much higher
EURUSD pushed ahead last week due to a poor U.S. jobs report. The problem with the jobs report is the Fed has to choose between unemployment or inflation to control. Since inflation has cooled off last month and the Fed insists its transitory, so will they reduce the pace of tapering or even delay it's announcement? This gives USD weakness. The issue this week is...
EURUSD is currently rallying off a weekly support level and a significant one as the break would mean the beginning of a downtrend. In order for EURUSD to continue to 1.1950 or higher, it needs to break above the previous structure on the 4H and through the 61.8 Fib retracement. If we can successfully close above, I will buy the retest. If however we struggle and...
Wait for price to test the resistance above, the entry outlined isn't set for you, follow the trend lower and enter according to your own analysis. This isn't necessarily where I will enter, but an example of a trade...
Explanation on chart...