Dear Traders, Happy Monday, hope you all had a good weekend. Quickly want to share the EUR/USD bias for the upcoming 2 two weeks. To keep it simple and teach you guys more about multi timeframe analysis, I'll structure this idea per timeframe. 3M: Quarterly Demand was filled a while back at 1.09 combined with the .75 retracement at the Quarterly to push price...
Hey everyone, Couple +100 pips running profits from the last gold chart shared a while back, it is time to share an update. Price is sitting at valid daily and weekly supply, which is the hardest price area to break for the bulls. Therefor, it is wise to take some profits and see if price wants to pullback to the daily .382 fib retracement, 1500 key level and...
Dear Traders, As every week our Dollar Analysis is one of the most important indicators to find an edge in the markets. Last week the Dollar bounced from the 4th touch daily trendline to the upside, which is shared every week at IG and in the community at newcapitalfx website. For this week, several barriers are ahead for the Dollar. With price reaching the...
Dear Traders, Similar to the Gold long trades that we've been opening for weeks now. Silver is exactly the same as the gold prediction for this year. For the last 15+ years, price showed strong bullish momentum from the last week of December towards the end of the first month of the new year. With that in mind, silver showed a clean breakout of the bearish...
Dear Traders, Due to demand, I'll upload a few chart ideas beyond the forex markets. Besides the previous post about the DAX, the CHN50 is also looking good for a weekly pullback from Weekly and Daily Supply, both breaking a clean bullish trend to the downside. The same gameplan is used as for the DAX, which is to show patience and see price-action move a bit...
Dear Traders, Due to demand, I'll upload a few chart ideas beyond the forex markets. The DAX is looking really good for a weekly pullback from institutional supply, created by breaking the 2017 bullish trendline to the downside. The gameplan for this potential short opportunity is to show patience and see price-action move a bit higher towards the end of the...
Dear Traders, The upcoming three months, Gold is very likely to be around the 1600 mark, with that bias in my head it is important to position myself in multiple longs. Currently in two long-term gold positions which have their stop loss at break-even now, but I will be looking to add positions every week. Every time I can trail one stop loss to break-even I'll...
Hey Traders, Besides the other EURO pairs, we're expecting a bullish move for the pairs, such as EUR/GBP. Based on the Monthly Demand area combined with Daily value, a intra-day trendchange can happen soon which will provide us a nice opportunity to take it long. Personally waiting for the intra-day breakout entry to align, this will give us the confirmation...
Dear Traders, The Dollar Index is extremely hard to read atm. Most of the recent weeks, the price-action was extremely clear and we were able to take a lot of great opportunities from the drop expected from the highest supply zone. For now, let's start at the monthly timeframe, last month looks extremely bearish with the star formation + last month engulfing...
Dear Traders, Due to traveling I haven't been that active here, apologies for that. However, there are some nice setups developing in the markets such as AUD/JPY! Price is currently moving correctively towards our two daily supply zones. The first being the smallest and weakest one however that one is ligning up with a third touch daily trendline, which might...
Dear Traders, This setup, together with several other potential setups were shared on our YouTube Channel, but I would like to cover this one in more detail here. The Monthly Chart is sitting at a counter monthly trendline and is likely to see a pullback on the lower timeframes from this level. At the Weekly Chart, price is sitting at weekly supply which is...
Dear Traders, The Dollar reached our first target, being the daily long-term trendline, which is holding the Dollar in the bullish trend. If we look at the Daily chart, price is in a short-term trendline and created a daily lower high in the middle of the week to reach the daily trendline. From here, price is sitting at the .382 fibonacci retracement combined...
Dear Traders, This idea is based on the weekly and daily supply area being reached on CAD/JPY, the CAD pairs experienced a big push last week based on fundamentals. What we often see is that price is reaching supply or demand area's after this news event and a lot of retail traders are being trapped at the wrong side of the markets. For CAD/JPY I expect a...
Dear Traders, GBP/NZD is reaching some value after a strong drop from Monthly and Weekly Supply, the overall price-action looks clearly bearish with a trendline rejection on the Monthly Chart and Supply. However, price is likely to pullback after a daily trendline is taken out and most often, all the way back to the initial start of the move. This way,...
Hey Traders, Quickly want to add some ideas here, the DXY is likely to pullback a bit and create a potential daily lower high this week, if that happens AUD/USD & NZD/USD might be interesting for longs. The weekly chart closed last week as a big low test candlestick pattern, rejecting the newly created demand zone at the weekly, the daily chart had a nice star...
Dear Traders, Last week a solid long-trade was taken from the daily trendline bounce, after running around +400 pips in profit we decided to take partial profits and let the rest run with our stoploss at BE around that 1465 area. At this moment, gold is sitting at the daily retracement level .618 and .75 and a third touch trendline, pushing price to the...
Dear Traders, The Dollar is sitting at a major resistance point! With price already rejecting the trendline shown on the chart and the 4hour star formation, the drop might start already. However, we can still see one more push higher before the reversal. Personally, looking for GBP/USD longs for a pullback play and potential EUR/USD longs also. Confluence...
Hey Traders, Besides the previous calls, this one is on our watchlist for a potential bullish move this week or next week. The analysis starts at the monthly timeframe which is sitting in monthly demand. The weekly timeframe and the daily timeframe rejected our weekly/daily supply zone at 0.91400, as of now the daily pullback from this zone is fullfilled and...