nick.trader4

nick.trader4 Updated 

Last week we saw Gold continue its move lower, FOMC held rates the same but had a very hawkish tone in their statements calling for more future rate hikes. This pushed gold back under the 1300 level. This week its possible to see some further downside into an area where price can find some support, around the 1280 zone. The current price momentum should take us a...

nick.trader4 Updated 

The past few weeks have seen very little bullish price action on USDJPY and at the end of last week we set a new low for 2017. This new low has been a good buying opportunity for dollar bulls as price action was very bullish this week breaking resistance zone after zone. This week we could see a continued push up for USD as the momentum and the bounce off major...

nick.trader4 Updated 

Gold has been very bullish over the past few weeks making new highs in 2017, however this past week we have seen some (not all) of this bullish momentum slow down as we bounced off a major resistance past 1350 late last week. Since this happened, this weeks price action has actually been bearish and right now we can see that we are in a descending channel...

nick.trader4 Updated 

Last week USD/JPY finally broke past its major support around 108 level to drop to fresh lows for 2017. There is no support in sight expect a late year Trump rally in November 2016. Maybe we will start to trend lower for some coming months late in the year like last year after consolidation for most of 2017. This week though we should still see some continued...

nick.trader4

Gold has been on a strong bullish run for the past few weeks with a weakening usd. Price has almost hit the 2016 highs but has started to slow momentum on Friday after striking a resistance level around 1256. I will be using the ascending trend line and the two major zones to determine if the trend will continue for now or maybe we start to see USD retracement...

nick.trader4 Updated 

USD/JPY has been in a long downtrend due to a weak dollar (fundamentals & geopolitical issues) and the strength of safe haven assets such as JPY. Recently though the dollar showed some life after bouncing off a major support zone mid week. A continued move up to the 111ish area is expected based on a minor change in market structure that made a FTR (fail to...

nick.trader4

GBP/JPY moved a lot like USD/JPY last week and I expect somewhat of a similar movement between them again this coming week, we know that they have a positive correlation. We had a nice push up off of a major support area and are now approaching a major resistance zone at the 143.250 area the current momentum in the market should take us there. If we get to this...

nick.trader4

Last week gold had a nice market structure and followed analysis very well as I was anticipating a breakout past 1300 after previous weeks consolidation underneath this major zone. Since there was some geopolitical issues between the USD and NK gold had an extra shot of strength in its bullish trend. After this major push price needed to retrace as profit taking...

nick.trader4 Updated 

For my 50th tradingview idea I've decided to make a special analysis on an old pair of mine and one of my old favs. USD/CAD has been in a long and strong downtrend after Oil news has been positive but the largest impact was made due to a interest rate hike for the first time in awhile. Now that the trend has lost some momentum and hit a major support zone that...

nick.trader4 Updated 

See attached idea for full descriptions of analysis with correlating pairs. Thank You

nick.trader4 Updated 

See attached idea for full descriptions of analysis with correlating pairs. Thank You

nick.trader4 Updated 

Didn't get to post an analysis last week as I was gone on vacation and wasn't very active in the markets. The analysis from two weeks ago called for a period of consolidation for USD after a long downtrend. The consolidation occurred between two major zones. Now that orders are present in the market the trend still looks to be down based on the higher timeframes...

nick.trader4 Updated 

After last weeks NFP results were positive and price action looked good to support the fundamentals I was thinking longs for USD. Of course this was not the case as we had new fundamentals break that stated issues between North Korea and the USA. Important to stay flexible and keep up with news as things can change quickly and the bear trend continued, infact it...

nick.trader4 Updated 

Last week we saw GBP/JPY fall flat on its face melting dollar after dollar. A lot of this had to do with the recent strength of the safe haven currency YEN which went up a good amount against USD due to recent issues between Trump and his counterpart from North Korea. It has since fell down to a nice support zone. We have a confirmed EMA cross on the daily chart...

nick.trader4 Updated 

After last weeks NFP results were positive and price action looked good to support the fundamentals I was thinking longs for USD, which is bearish for Gold. Of course this was not the case as we had new fundamentals break that stated issues between North Korea and the USA. Important to stay flexible and keep up with news as things can change quickly and the bull...

nick.trader4 Updated 

Based on this UJ 4hr chart we can see a few things that are showing some signs of a trend change. We had a double bottom pattern form in a major daily support zone with the 2nd leg shooting off after a positive NFP release. Also a 3rd touch on a ascending trendline can be observed on the daily chart. Another thing to note is the EMA starting to slow down and move...

nick.trader4 Updated 

Gold we can see has been on a big rise lately helped by a weak USD, however last week we saw some change in market structure that has shown some possible selling opportunities. Gold was in a major supply zone when we started to a change from higher highs and higher lows to lower highs and lower lows in the form of a descending channel. Last Friday's NFP report...

nick.trader4

We can see here GBP/JPY has pretty much been consolidating in a range for sometime now.. We can find out what direction it will trend in if we wait until price tests an ascending daily trend in confluence with a major demand zone and see how price reacts. The direction of this break could be determined how the underlying price action plays out on both USD/JPY and...