The New Zealand dollar has posted small gains on Thursday, as NZD/USD has pushed above the 0.68 line in the North American session.
New Zealand is hugely dependent on its export industry, and the Covid pandemic has taken its toll on exports, as global demand has fallen. However, with the worst of Covid hopefully behind us, global demand has picked up, which bodes...
This commodity index has broken multiple downtrends and is now taking out the horizontal resistance that goes back over 20 years! Explosive moves ahead. The MACD contains bullish divergence while the RSI hasn't been this high since 2011!
We are approaching to the major resistance made by 3M timeframe.
However wave (a) of last (abc) pattern is ongoing so far. In this respect, I am awaiting SHARP wave (b) in the form of “Change in behavior” and then last move (c)(z)(C){a} prior to deep correction within M timeframe
Probability of price breaking away from the purple range (highlighted on the chart) by 600-980 pips is >85%
Note: Grey lines are anticipated pivots to instate the big move
At the same time we see:
- DXY on massive support
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- EUR/USD under massive resistance
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- Gold under resistance:
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- Quantitative tightening from the fed which should result in USD strengthening, and QE still going on in ECB, which should lead to EUR weakening.
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
GBPJPY - LONG ORDER
New Year, New motives: Aiming for an emotionless trading year.
- Money Management
- Strategy Play
- Discipline
- Patience
GBPJPY: SETUP
- Waiting for MA20 to cross back above MA50 for long orders.
- MA20 to test for support again.
Rules: Long
1. MA20 above MA50
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create...
USDJPY - SHORT ORDER SET UP / STAGE 3/4
SL: 117.20
ENRTY: BEARISH CONFORMATION CANDLE CLOSE (EST: 18:00 GMT)
EXIT: PRICE CLOSES ABOVE MA20
4H trend strategy set up nearing completion, awaiting bearish conformation candle for test of MA20 as new resistance.
RULES: SHORT ORDERS
1. MA20 BELOW MA60
2. PRICE BELOW MA20
3. PRICE TEST MA20 AS RESISTANCE
4. BEARISH...
We have an interesting setup here, with oil suddenly breaking up above weekly resistance, and outperforming precious metals, I think we might see a shift in positioning towards oil, and a few laggards that show an increase in commercial long positions for some time according to the commitment of traders report.
I'm watching oats, rough rice, soybeans, corn and...
