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WTI turned bearish last week as it broke below the bottom of a range at 81.
Although the break-below did not cause the drop to continue and the price has rebounded off strongly on last Friday, the structure of both lower highs and lows is still favouring a bearish market this week.
The oil market could still be in a major correction and more downside can be seen...
Despite the dollar has strengthened, the gold marked a strong weekly gain and breaks towards the upside.
This could certainly help the gold to climb further but it will face strong resistance at the top of the symmetrical triangle and a strong supply level at 1828 which could provide a good short-term sell opportunity.
After which, we will look for a buying...
EURUSD was ranging and attempting a recovery but was dismissed by a strong NFP, causing the price to break towards the downside.
However, the price was able to find support at a previous low at 1.1527 and may climb a little further before resuming falling.
As the Fed has started tapering while the ECB is still holding to a low rate stance, following a strong NFP...
EURUSD began climbing at the beginning of the week but lost the handle and fell through the ground.
The price has clearly broken below the bottom of a bullish channel as well as the demand zone at 1.1610 area.
We expect the price to drop further towards the demand level at 1.1570 and shall wait for further upside pullback towards 1.1620 -1.1630 to sell...
Following a strong rebound from a 15-month low, EURUSD continued to climb last week and found constant support at 1.1620 before the market closes.
Apart from the demand level, the price is also climbing within a rising channel and is moving towards the top of a falling wedge.
As such, we expect EURUSD to continue its recovery this week and will be looking to buy...
Gold was up over 22 USD but threw most away through the US session.
We can see that the market structure is an upward ranging one thus any gains could easily lose momentum and return to the lower band of the range.
Right now, the price seems to have found support at 1768, but there's still quite a bit downside to reach the range bottom at 1760.
We will be...
Gold climbed further just as forecast last week, except that it plunged on the last day and wiped out most gains.
Despite so, both the high and closing prices are higher than the previous week and there's no change in the entire market structure.
In fact, the price fell just enough to stay supported at a newly formed rising channel.
This week, we may attempt to...
EURUSD broke above the top of a falling channel and a supply zone at 1.1590, marking an end of the current short-term bearish trend.
The market may falling into a ranging market or reverse into a short-term bullish trend towards the top of a 5-month falling wedge.
At the same time, the dollar is retreating from its high amid the market has already priced in a...
EURUSD has been falling within a falling channel for more than a month.
The pair is still showing strong bearish signs as it just broke below another consolidation and fell near the top of the falling channel.
Wait for pullback towards the supply level around 1.1560, between FR50% and 61.8%.
Target profit aim for 30 to 50 pips.
The gold is still in a huge consolidation phase since it peaked at 2075 an ounce.
It is notable that the closing prices are getting higher and that the price should be able to make another bull run towards the top of the consolidation.
In recent weeks, gold has broken above a falling trendline with a strong rebound and has now pulled back downwards significantly...
It's been close to 5 months since EURUSD embarked on a downtrend.
The current market conditions favour a bear market both fundamentally and technically.
On the technical aspect, the price is trading well below all moving averages where all of the fast MAs are below their slow MAs respectively.
The price is now less than a hundred pips from the FR50% level and...
GBPUSD has consolidated throughout the entire week and the price is now coming off from the to the range.
The price is also seen breaking out from a upwards corrective channel and fell through during the Asian session.
It's very likely that the price will continue the trend into the euro session, potentially bringing the price back to the range bottom at...
GBPUSD continued to climb through the week after a strong rebound from last Friday.
As of yesterday, the recovery snaps as it fell through a rising trendline and broke into a lower low.
It is still unsure if the bearish trend has resumed but certainly the recovery has stopped and we can start looking to sell the pullback.
We will be waiting for further pullback...
The gold climbed further at the beginning of the week, following a strong bullish rebound from last week.
By now, there are multiple breakouts of falling trendlines and highs which also resulted in the formation of higher lows and higher highs.
We will wait for an opportunity to buy the pullback, expecting the price to retrace to 1755 - 1750 demand level.
Gold was trending downwards at first but managed to rebound strongly at 1720.
It was managed to break above a falling trendline and created a higher high against two previous lower highs.
This is a strong sign that the gold will be able to recover further this week and therefore we can look to buy again if the price does pulls back lower before another...
EURUSD has broken below yet another important demand level at 1.1630 and closed with a very bearish weekly candle.
The dollar is clearly strengthening amid tightening expectation from the Fed grew stronger.
The trend is clearly bearish and thus we will continue to wait for selling opportunities.
If the market continues to find support at the beginning of the...
Gold has opened to more downside since the weekly demand level 1760 was taken out.
We now have little doubt that gold will retest its 14-month demand level just under 1700.
Therefore, we plan to keep selling the pullback on every visible short-term downtrend.
For today, we will be waiting for the pullback to the trendline at 1744 to sell.
A spike or a final...
Just did a buy earlier and after the price has gone up, it broke another trendline thus giving us another opportunity to buy the pullback again.
GBPUSD has moved 50 pips based on today's swing low to swing high and could go up to 70 pips or more if it's able to trend later.
With the current setup, it would be a good to give it a try again later during the US...