MACD crossover + CCI move into outside channel. Very bearish but consolidation at falling trend support line.
Fundies... Gap fills + BoJ + Fed Gaps 102 - 103 107 - 108 Fed Fold on Wednesday BoJ Thursday Brexit "Stay" On June 23rd Also...that wedge ;D
A good example when fundamentals align with technicals. Short was executed on a 4 hr time frame (on a break of a phase line on 5 min)
My FX portfolio currently consists of : - 2Long x USDJPY @ 106.8; 2Short x GBPJPY @ 151.2 (dynamic hedge for long UJ); 2Short x GBPUSD @ 1.4570. I will add to my short GBPUSD holdings if i can get a similar price & I may add to short GBPCHF or EURCHF downside if markets make a turn for the worst as IMO CHF denominations are under-priced relatively (as discussed...
An analysis of which LONG has the best value against the short GBP to play the Brexit. [ - GBPUSD has a target handle of 1.385. - GBPJPY target handle at 1.483. - GBPCHF target handle at 1.335 . - IMO currently i rule out GBPUSD short, as USD doesnt have the same "risk-off" demand as CHF and JPY. Also USD and GBP economies are perhaps the most highly...
it was a fantastic ride up....don't get stuck in high altitude though
What does happen till and after the 23. July? Feel free to comment, Brexit or Bremain?
So after yesterday's pullback from the highs, I believe it has a long way to go yet before we see some price stability. Here are a my reasons. 1. MACD showing crossover. 2. Close below upward trending line. 3. Extremely low volatility which may lead to spike in volatility as price picks up rocks on its roll down. 5. Not oversold. 6. Price bounding off...
Risky times call for high probability set-ups. Uncertainty should lead to range bound markets while existing herd fears over euro/brexit should lead to low liquidity short-term, there is more medium term uncertainty around USD w/ elections, employment and rates. I am therefore siding with the Euro though managing risk very tightly.
1,36744 GBP/CHF buy > 1,34122 GBP/CHF still buying = 1,34121 GBP/CHF last Stop Lost Price < 1,34120 GBP/CHF neutral (new Analysis) = 1,41099 GBP/CHF 1. Target (this Summer 2016) = 1,46129 GBP/CHF 2. Target (this Summer 2016)
1,36744 GBP/CHF GBP/CHF buy > 1,34122 GBP/CHF GBP/CHF still buying = 1,34121 GBP/CHF GBP/CHF last Stop Lost Price < 1,34120 GBP/CHF GBP/CHF neutral (new Analysis) = 1,41099 GBP/CHF GBP/CHF 1. Target (this Summer 2016) = 1,46129 GBP/CHF GBP/CHF 2. Target (this Summer 2016)
Still a bit more down.... next week will be interesting!
XAUUSD becoming a safe haven for investors as BREXIT nears, easy trades. Break out of downtrend and now this resistance level is a confirmation of bullish trend. Pre planned trade, 3:1.
There is no chance that we will test the historical lows BEFORE the Brexit arrives. There will be some huge swings, most of them going negative, however right here and now today at least for the next 2-4 hours we can "bounce" that Cable back up the levels to 1.42800. Come and check out www.STBinary.com if you would like to take this trade on with some predefined...
"Apple" is still leading the market. The "Apple" stock has double bottomed (in a ugly way) and the rest of the market is now following higher. Oil might continue the rally higher beyond 50 "US Dollar" and China might have also double bottomed. If all of this becomes true the market has gotten rid of all negative trends which so far lowered equities. If the squeeze...
With the USD is about to likely ramp up further against the EUR, and the EUR facing uncertainty of Brexit, it is likely that the pair will see some decline in the next two weeks. We are currently in an uptrend from November 2016 with a very strong trend resistance (black dotted line on chart). With the current economic events approaching and market being where...