Looks like a bullish Harami however, I am waiting to break the 0.23 percent retracement ratio and go down 0.50 percent. First target will be in the channel line. once break the channel will continue to go down to 0.50 percent. Thank you for checking my analysis. Have wonderful trading
Watch the lines. It is my first time publishing this ratio. This might be one of the most awesome charts for precious metals investing.
As I have said before I do not trade the currencies as many of you do. So I respect that you may have a much better handle on the currencies than I do. But I remain negative on the us dollar. For my best guess long term senernio see link below.. I am personally short via UDN. I follow this mainly as it impactes the price of oil, and the precious metals. This is...
XAUUSD broke down the uptrend and heading to 1308.
From what I see, two spinning tops formed at the bottom of what could be the neckline of a potential head and shoulders formation, indicating there may be a reversal of direction. I am waiting on some more bullish confirmation from the daily chart however you may find some good long opportunities on a shorter timeframe. Good luck and please trade at your own discretion.
$USD is long and probably one can hold for few years if the dark green line doesn't breach. And sell when the historical red resistance line hits.
IT WILL BE PAINFUL TO TRADE GOLD/USD PAIR UNLESS YOU KNOW TOOLS TO DEPLOY OPTIONS. I am bear on this relationship and probably forming channel trade, but don't count on it too much. Also from cycle perspective Bull Market from 1999 TILL 2011 is OVER. So better to bet on the short side at least for next few years.
watch out for this channel formation of the usdollar, EU is on the top of a down channel too looks to reverse
USDOLLAR Long DXY Long on retracement. Finishing C wave. for new impulse up. #elliotwave #forex #dollarindex #foreignexchange #usdollar #dxy
From a technical perspective the USDJPY put in a bearish engulfing pattern on 7/21, which coincided with the channel trend line and major resistance area of 105.5-106.5. Now today we put in a 4 hour bearish pin bar retesting that same area. The retail crowd has also been adding to their longs recently, which now sits 59% long. Just more evidence that we're...
Elliot wave analysis of 2hr usdjpy chart. new impulse following correction.
Observe if USD is climbing up in this fork, coming weeks.... So far we maybe have a bullish divergence in momentum.... it's not a perfect divergence, but I think it looked OK in a 30min chart..... so we try it from here..... I give it a try, if it fail, ok then it's ok too..... I'm not trading it, just monitoring, because USD is an importent factor for other trades....
DXY finished wave 2 and started wave 3 targeting 98.5. I will update the chart when needed.
After a long-term divergence sent prices into a major correction, this correction seems to over. A bottom was formed in May, July saw another bounce off of the 11650 level. After this failure to continue lower, prices rallied heavily to the upside and we now saw a successful upside breakout during the past couple of weeks. The very last trading week supported the...
trend is in transitional phase so it's hard to tell whether it's a continuation or the exhaustion point of first impulse leg
Dollar looks to be headed higher out of this bull flag..
Bearish Flag is appearing on the charts, there are lot of euro data's in this week, we can sell the break below of the channel for 141 extension as initial targets...