reneordosgoitia

reneordosgoitia 14 views ・

The price has rebound from the lower part of the channel. The friday candle end the week engulfing the thursday candle In the fundamental side: Trade war, the US-China situation is right now the more important thing in the market, there is no clue yet if there is gonna be any deal for the phase one deadline, december 15, if there is a semideal friendly with the...

reneordosgoitia 11 views ・

The price had broke a significance area, the area rounded 1600. The weakly canddle is forming an strong bull signal that the price is going to still pushing higher.

reneordosgoitia 29 views ・

The price end the last week in a resistance zone respected before, with a strong daily candle, lets see what expect for the coming week. In the fundamental side: The must important event right now is the US-China phase one deal, the market stopped the consistency all time high momentum(DJX is an example of that situation) to evaluate seriously if there is going...

reneordosgoitia 41 views ・

The price had reach a support area, for this week ahead we can expect an upside movement as a retracement process before start to move down once again. In the fundamental side: On friday there were a mini deal between US and China, but it doesnt mean anything, the coming week we can expect anything with the deal situation. In the other hand, we have something...

reneordosgoitia 28 views ・

The price had touch the upper part of the channel, which one had been respected since the trade war begin, the price ending on friday with an undecision canddle after a big upside movement, forming a possible trunctation process according elliot wave principles. In the fundamental side: Last week Donald Trump said that the trade deal with China could happen...

reneordosgoitia 147 views ・

The price for the week ahead is expected to be open with a huge gap because the strike on the Aramco oilfield, which one is expected to reduce to 50% of the current production capability of Saudi Arabia. This event is going to recieve a lot of bulls investor to the commodity but there is still a bigger situation on the demand side. Yes, it is what are you thinking...

reneordosgoitia 27 views ・

Last week the price of the dollar index respected the upper part of the channel and start renew the parth to the downside. The market is in a lateral movement in the 4h, opening on sunday with a huge upside gap, lets see what expect from the week ahead: In the fundamental side: The US-China trade talk resume achieve to finish, momentanly the inverted yield curve...

reneordosgoitia 27 views ・

The market on august had made huge movement from upside to downside and viceversa. August end with the price reaching the upper part of the band, trying to reach a new high. What to take on considerations: In the fundamental side: This month is gonna be fed meeting, coming up with no significant movement on the fundamental variables, an escalation in the...

reneordosgoitia 20 views ・

The last two week the price volatility was huge, in the weekly candle we can see a big short movement in the first week (5 - 9 august) but the next week (19-23 august) the price rebound and right now is consolidating in the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The market had respond to two big events, the first...

reneordosgoitia 13 views ・

The last two week the price volatility was huge, in the weekly candle we can see a big short movement in the first week (5 - 9 august) but the next week (19-23 august) the price rebound and right now is consolidating in the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The market had respond to two big events, the first...

reneordosgoitia 43 views ・

Last week the price volatility was huge, in the weekly candle the high touched the upper part of the channel and close in the lower part, forming an asteroid pattern (a shooting star in japanese candlestick language) What to take on considerations: In the fundamental side: On wednesday the Fed cut the interest rate as the market expected, but the tone that...

reneordosgoitia 52 views ・

The price is in the highest level since 2017, rebounding at the same time in a diagonal trend area which one had change from support to resistance diagonal area. What to take on considerations: In the fundamental side: On wednesday is the must important FOMC meeting in years, because is the moment the market must expect a cut rate since 2008. The market right...

reneordosgoitia 56 views ・

The price made a reverse at the upside movement at the 61.8 fibo level of the previous downside move. Now we can formaly said we have the two first big wave of the downside macro structure, that will be formed by a (1) - (5) wave structure. What to take on considerations: In the fundamental side: The uncertainty in the Fed cut rate situation on the coming...

reneordosgoitia 53 views ・

The price as we expect in the last week report, had go deeper in the retracement process and nice setups in the price historic structure. What to take on considerations: In the fundamental side: The strong data on US job released on friday dampens hope of a Fed rate cut but, according CMe Fedwatch tool the market still expect 1 cut rate for july FOMC meeting....

reneordosgoitia 47 views ・

The price finish the first day of the week wih an strong bullish canddle, touching the lower part of the channel, as we said the last week, the short position remind in the mid term or for the next week, but in the short term we can expect more upside movement. What to take on considerations: In the fundamental side: The weekend meeting between Trump and Xi...

reneordosgoitia 47 views ・

The price broke nicely the above drawn channel, right now we must just keep in mind to short entries in the currency. What to take on considerations: In the fundamental side: The Fed recognize finally that the economy is getting slow down, so Powell said that the case for easier monetary policy had strengthened. He is considering to cut the Fed rates in 2020...

reneordosgoitia 63 views ・

The price is in a retracement process, right now is forming a kind of doji pattern in the daily chart at the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The last CPI report, was lower as the market expected, so this information with the last weak job report, are the catalyst for the next FOMC meeting on wednesday to...

reneordosgoitia 44 views ・

The price broke with an strong weeky canddle the channel analysed since march, now lets analysed the trend and where are the odds. What to take on considerations: In the fundamental side: The very lower than expected job report on US allow to the price od the DXY to make a clear downside movementU. But on the weekend US and Mexico reach a deal in the...