nick.trader4

nick.trader4

In the US equities market the past weeks there has been a lot of news and risk aversion occurring due to the heavy sell offs after such a strong rally to start 2018. Some are wondering if its just profit taking and a healthy dip in the market or if the market has hit a top, at least for now. The question will be after the long slide we've seen in the USD will...

nick.trader4

New analysis.. make what you want from it. Follow your plan without distractions and ego. Remain flexible in current market conditions. Stay focused on inter-market dynamics and correlations including FX, futures and equities markets. One picture of a chart isn't what determines your trading. All the best next week.

nick.trader4

Hey everyone, back from the holidays a few weeks now and sharing some analysis on Gold based on the previous months and start to 2018. Keep in mind NFP economic data release tomorrow (Feb 2).

nick.trader4 Updated 

Last week we saw that price didn't trend hard in one direction but with all the major fundamental events that occurred price action ranged between 1265 area and 1280 with a brief stop hunt at 1285 to clear the board of sellers and grab liquidity for the push down at NFP last Friday. Even negative NFP numbers were not enough to push Gold prices higher, with a...

nick.trader4 Updated 

Last week we saw price return to the major resistance zone after some rejection late in previous weeks and early last week. Price returned to this zone after accumulation of contracts throughout the week within the range of 113.700- 114.250 and then a push to resistance on the release of negative NFP data (114.250). After the push to resistance there has been a...

nick.trader4

Last week USD/JPY was moving up in a nice bullish market structure on its way to the major daily level around 114.500. It was making a series of HH and HL throughout the week before hitting the major resistance on a news release last Friday. After the major resistance we saw a nice rejection and bearish close near a support zone. Should be interesting to see...

nick.trader4

Last week we saw bearish price action and market structure occur. Price ranged between 1270-1280 at the beginning of the week before breaking 1270 and then pulling back sharply before the end of the week. My long term analysis from last week attached below shows price starting to continue a downtrend. This week could be somewhat unpredictable with the amount of...

nick.trader4 Updated 

Another picture for Gold analysis but on a longer term scale. Correlated and based on the attached analysis for UJ. Fundamentals will have a lot to do with how this price action plays out. I wanted to add this picture to my gold analysis but I couldn't get it to attach by using the URL option. Anyone know how to have multiple pictures for 1 description or idea?...

nick.trader4 Updated 

Last week's price action on Gold was quite bearish with some minor pullbacks within. Price has now made its way back towards the major support from last months NFP results. Currently price is still sitting on a major support with a higher low at this moment. Next week's market open could make a gap in price as Yellen had a speech Friday after the market had...

nick.trader4 Updated 

Last week we saw it was very bullish for UJ. The first week in about a month where we saw good trending price action. Previous weeks were filled with a lot of consolidation and ranging price action. On Friday price broke a major level around 113.500 and the last time we saw price rise above these levels was in July. This week we could see a continuation of this...

nick.trader4

In celebration for the milestone of earning 1000 reputation on tradingview I decided to do a bonus analysis on an old pair I used to trade but not so much anymore. Recent fundamentals has given CAD some weakness as they decided to keep interest rates the same at the last meeting after a couple previous rate hikes and rumours about further rate hikes next year....

nick.trader4 Updated 

Last week we saw USDJPY move to the downside on dollar weakness provided by NFP the previous week. The momentum was not so strong but it did start to make a bearish market structure as it approaches a major support zone around 111.250. This is also the first downside target for this coming week. This week with the inverse correlation with gold's bullish momentum...

nick.trader4 Updated 

Last week we saw Gold follow through with the momentum that was started with a bounce off major support at NFP results Oct. 6. It broke out of a downtrend on the and started to rally, creating a bullish market structure. Based off major timeframes we could see the bullish momentum continue with the first target being the 1310-1315 area. What is uncertain is when...

nick.trader4 Updated 

Last week analysis called for a week of consolidation after a strong trending market. We had a lot of consolidation staying within the 112.25-113.25 range. NFP results were positive for USD and caused price to break this resistance but then quickly rejected the next zone and returned to our range. For this week price is still in an uptrend but has lost some...

nick.trader4 Updated 

Last week we saw Gold consolidate within a range between 1268-1280 areas. This was expected prior to a major news release (NFP- results Positive for USD.) and after a long term strong momentum trend has taken place. We knew this in the previous weeks longer term analysis which is still valid (link to related idea tagged). Towards the end of the week we had a big...

nick.trader4

Last week USD/JPY continued its uptrend with some strong momentum. Price has made its way all the way up to major resistance zones. After some slight rejections we could see a retest and then some consolidation between a support zone. It doesn't seem likely for a breakout just yet as we have been trending strongly and need some time for accumulation of orders...

nick.trader4

Last week we saw a continued downtrend in gold. This week we have approached a major support zone, that being said we can expect some trend continuation and possibly a period of consolidation before a breakout to continue this trend or a reversal. A catalyst for this directional breakout could come by the end of the week with the NFP reports being released on...

nick.trader4 Updated 

USD/JPY has been on a strong rally since breaking a major support a few weeks ago. Since then price has had a lot of bullish momentum helped by hawkish FOMC statements from the Fed and has risen quickly to a major daily resistance zone. Seeing how price reacted to this zone at the end of the week shown some rejection and a break in the minor support and TL. We...