Previous short trail stopped at 20,600. Reenter at the pin, top of the wedge. Might bounce at 20.560 area (blue line) but there are strong probabilities that will continue down testing the first demand zone again. Momentum keeps diverging, not confirming the recent high too, as well as the previous ones.
After the wonderful and profitable dive from 1,618 extension, it's consolidating for the last two weeks. 4.550 area was tested and price returned down but in a easy way, showing that maybe there are not that heavy sell orders nesting there. Gap closed too. Now it's coming back at the last known demand zone, where price airborned last time, creating the huge...
What if China has already all the copper it needs, stored or block the outcome of its own mines? What if commodities trading desk of JPM sold to Mercurian is being controlled by China's entities? What if China is proceeding in the transformation of it's economy to a more consumer based, as it's have been announced for so long. Crazy and funny rumours or...
Needs a firm close above 2.2350 ideally to beat overhead supply zone this time
Needs a firm close above 2.2350 ideally to beat overhead supply zone this time
Too much, too fast, Bollinger crash, usual demand zone, too much publicity and only 34% bulls. Ready for some relief
Too much, too fast, Bollinger crash, usual demand zone, too much publicity and only 34% bulls. Ready for some relief
"Sell at the bullhorn, buy at the fishing line": Jim Sinclair
It is undoubtedly on of the strongest trends around, so well defined that makes you think "it can't happening" for more than a year now. Looks almost ready to break the bear flag and dive, giving the $USDCAD the edge it needs to break it's respective triangle upwards. Although very famous triangle the last few weeks, data from Etoro - www.forex-tribe.com -{ true...
After price stopped at 382 Fib of 2008 highs to 2013 lows, now attempting to break the intermediate uptrending line. A close below 1.8050, which the last inflection area and 1,80 area ( 8 bars to the left) will confirm the break. Price is <MA20 while Daily presents a H&S top. A neckline penetration in Daily IH&S of AUDUSD will help this break down too.
Cotton (ETN) looks like wants to go back to 54-52 demand zone, a good area to add more imho. A prolific two year long base hints that the upside will be significant. Large traders are less long than the last September bearish marubozu bar, while short term momentum is slightly diverging. Supply zone, in case it breaks upwards the trend line from 2012 lows, is at...
Swiss franc smells trouble? MM out of the 5p wedge calls for 1.2120-50 area. Safe heaven bids again but an intervention maybe coming in the road to fiat war depreciation
After January's bullish engulfing candle, price managed to stay above in this critical 61.8 fib area from all time lows to highs. A close above 9930 can see first 1,0111 area and then 1,0330 and probably higher, before they will start printing more than the markets are expecting, as they are forced to. Momentum positive divergence helps, as it did during 1998,...
Closed out of lower Bollinger line, right at previous demand zone that has tested many times the past two years, supported also by the trend line that comes from the 2011 lows. In case it breaks lower, confirming the arc dome and follow the well defined down trend ( below Kumo too -not shown), there is a fresh demand zone in 77.65-76.95 area that will probably...
Volatility in squeeze motion. BB's are still inside KC's. Once upper B line breaks out, chances are that a big move will come. Current supply zone has been tested 4 times during last year. The more tests, the weaker it becomes. Will break now? Who knows. Rounding bottom and positive momentum divergence suggest to hold your seat, once the move comes Last but...
Looks like it was a powerful week for gold on the back of the Ukraine tensions that lead mainly to a short covering rally as figures in COT suggests. From 72K short positions early in this year to only 21K the past week, while longs increased by 37K in the same timeframe. The ratio against rates show a clear break out of the multi month down trend line and has...
Bearish pin at 50 Fib, volume waning, hidden bearish divergence in momentum after two consecutive weeks in COT extremes. Time to cool down?
Short entry working well the last two days, since published. Now at first demand zone, maybe a bounce here. First target remains at lower boundary of the wedge