cccpKGB1

cccpKGB1 Updated 

GBP has been on a tear lately. I'm going to assume bulls stepped up to the plate after all time low was tested a couple weeks ago. Whatever the reason, doesn't really matter.... Typically, any currency that runs on a really strong trend ends up reversing and finds itself on the opposite side of the spectrum. That being said, no one can say how long the trend...

cccpKGB1

Not my favorite pair to trade.... High correlation to crude oil can produce erratic price movements. But..... It's a textbook technical setup. I'll trade the chart. Short from here. Target = bottom of the wedge (if it breaks to the downside). Some people might prefer to wait for the breakout. I'll fade the rejection when price tests the top side of the...

cccpKGB1 Updated 

USDJPY Trading in descending channel, shown on one hour chart. Approaching channel resistance. Might be a few days away still. Looking for short entry swing trade. USDJPY also a good indicator of risk sentiment. A change in trend to the downside may correlate with a short term top in S&P and attract buying pressure across the precious metals.

cccpKGB1 Updated 

Platinum broke above descending trend-line. Price is coiling. Possible breakout in the near future (Comex Session). Bias to the upside. Seems to have found support around $930 (tested three times) after price sold off $60 last week. Still up almost 10% on the month, outperforming both silver and gold. Link showing commodity price...

cccpKGB1

JPY Futures chart shows the Yen is currently oversold, broke below falling wedge, approaching strong trend-line and horizontal support. Watch for trend reversals across all JPY crosses. (Individual charts for Yen crosses show many pairs approaching Daily resistance zones) Yen crosses tend to produce decent trend trade opportunities. The large impulsive move in...

cccpKGB1 Updated 

Gold / Silver Ratio is resuming it's downward trend after backtesting long term trend line. Good probability that this trend will continue. 1) Falling GSR confirms bullish trend is still intact. 2) Expectation of silver to lead gold during the next move up. Gold had a lot more volatility vs. silver during the last run up (choppy price action trading mostly...

cccpKGB1

Sooner or later, 0.382 fib support collapses and a retest of pennant support, 0.236 fib $7,000 range will occur First, let's examine the Fibonacci levels on the weekly chart drawn from Dec 2017 high to Jan 2018 low. You will see a strong correlation of these levels coinciding with the close price of weekly candles. 0.786 capped prices Jan 2019 as price...

cccpKGB1 Updated 

Silvers recent move up resembles an impulsive non-volatile trend (once resistance is broken it immediately becomes support, without much overlap) Saying that, we see price being rejected at $19.60 (a level I pointed out in an earlier idea), support at $18.50 failed so that puts my first target around $17.50 (confluence of support consisting of 0.5 Fibonacci level...

cccpKGB1 Updated 

Analyzing the gold 4 hour chart, I see three possible support zones that bears will need to break to sustain any downside pressure. 1) Confluence of support consisting of the rising trend-line from the origin of the bull move back in June, intersecting with the 0.5 Fibonacci level and the upper side of the orange channel where price consolidated for two months...

cccpKGB1 Updated 

Natural Gas is showing signs of strength aligning with seasonality data. "Analysis has revealed that with a buy date of September 2 and a sell date of October 20, investors have benefited from a total return of 56.09% over the last 10 years. This scenario has shown positive results in 7 of those periods." www.equityclock.com Weekly chart shows price trading...

cccpKGB1 Updated 

S&P 500 Possibly setting up for an exceptional short opportunity over the next few weeks, possibly into October. First, the technicals.... I added Fibonacci levels to the long term monthly chart using the 2009 low and aligned significant levels to highlight important historical levels on the chart. 0.618 = Double top from 2000 & 2007 0.382 = Intermediate...

cccpKGB1

Crude approaching resistance on the 4 hour chart. Price action still range bound. Short from here.

cccpKGB1

S&P You can see price is approaching a key level which has been tested at least five times, the last time leading to a false break. The final break also produced the weakest attempt to push price down (possible indication bears are tiring of defending this level). Likely, bears are placing their stops above this level expecting it to hold. The more times a...

cccpKGB1 Updated 

Throughout the recent rally in silver, you can see that Fibonacci levels have well respected at every level. Pullbacks occurred at 0.236, 0.385, 0.5, 0.618, followed by a (sometimes short) period of consolidation. 0.786 ($19.60) will be a price level to watch, which may provide an opportunity to enter with trend on a pullback. If you follow this level back to...

cccpKGB1

DXY produced a bearish rejection candle after attempting to break above channel resistance. Significant because a false break often precedes a change in trend direction (Trapped bears / bulls). The channel is a multi-year technical structure which increases the chance channel resistance will be respected. September is seasonally a weak month for DXY. ...

cccpKGB1 Updated 

EURUSD Testing channel support at $1.095. Long from here. Watch for possible false break below channel support (Stop hunt). DXY appears to be hitting some resistance 0.992

cccpKGB1 Updated 

Platinum looks like bulls have finally stepped in. It has been consolidating within a $150 range for over a year. The blue dashed line in a trend-line connected from the all time low in 2008. The Gold /Silver ratio recently started to reverse. This could indicate that gold is being perceived as "expensive" compared to related metals. I have no reason to think...

cccpKGB1

Just tagged support trend-line which produced some good bounces in the past.