There is a possible buy opps for USDJPY on the daily...
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
With XAUUSD closing the week with powerful candlestick, the metal is poised to test above 1680 in the coming week(s). Gold optimism is at extreme on weekly, so it's not a call to buy at this level except there is extreme pessimism on the lower timeframe (Daily down to H4).
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
If you trade stocks on FTSE100, opportunities are coming up to get some stocks at a cheaper price. The index retracted a little bit on touching the rising trendline, however, the bearish candlestick indicate possibility of going lower even if the index pullback early next week...
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In...
Don't be caught off guide! Apple stock is now on extreme optimism and with bears pressure at its current price, the stock price is most likely to revert to its mean or begins a downward trend.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD is in corrective wave (ending diagonal) which could be a sign of bulls coming into the market.
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Bulls are beaconing on NZDUSD pair. Looking at the monthly chart, the pair is more likely to rally but there is a risk of reversal towards 0.675
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
The dollar index optimism got rejected as predicted in our last post (see below), however, bulls can still move it a bit higher before the index revert to its mean on weekly. In all, weekly sentiments are now bullish, but a revert to its mean is most likely.
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
I don't think it makes sense to use normal TA on Bitcoin because it cannot be compared to any asset... except itself, so I've overlayed the early 2013 bubble (daily candles) on the current run (weekly). We'll peak on CME futures and then an exchange CEO will get kidnapped or something. I don't know. Nobody does. Good luck.
Still long as of my last linked trade:
Brent oil now sits on a support and a rejection at this level could determine if there could be reversal to the upside or continuation of the down-trend. If the support level is violated, then brent oil next support is around 48.
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-ALWAYS Use Proper Risk Management In Your Trades
Cable broke away from the correction with very strong bullish candles. With the currency pair close to an intermediate resistance, it could possibly pullback to some support levels before making another impulsive run towards 1.34000
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- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Daily Support created the illusion for people to go long, the stop losses just below.
Remember if you buy, your stop loss is a sell. You SELL your BUY position at a worse price!
China and Australia's economies are very tied together, due to the corona outbreak the AUD is tanking.
This added with the fuel from all the stop losses below the daily resistance zone...
Dollar index optimism is growing and there is high possibility that there will be rejection at the highlighted zone. If this happens, then the index will revert to its mean or commence the downtrend...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Daily outlook for gold is now bearish with high tendency for gold to re-test 1540 shortly. However, seasonality also favour gold to be "a bit" bullish in February. Using 20 year data, in February gold has 50% chance of ending positive in the month with an average earning of 1.1 4th highest after January, August & November.
So if gold price decline to 1540, it...
With EURUSD back into the bearish wedge, the pair might be gunning for the upper channel of the wedge
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Gold violated the swing high at 1555 in January and is now targeting 1690 to test some important levels. The optimism is still growing and could possibly wear-out soon
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
I remember when I posted my bitcoin analysis mid-December 2019 that bitcoin is now targeting 9500, many "traders" bombarded me with unprintable names. Just about 6 weeks later, bitcoin not only hit the target price but went a little bit above it before pulling back. I wonder what will be the responses now that my new analysis shows that bitcoin will go even...
