Buying Potential - The 78.6% Fibonacci line is nearing the Long term trend line and if it respects the support from both of them expect a long sale to the upside. Take note - Due to the whole situation with the US election , keep an eye on it with great focus.
Still on waiting mode for EURUSD until the US Elections and candlestick confirmation below or above the R3 pivot @1.11722. If current situation persists, pair has room to go up in the short-run, but depending on the outcome of the US elections and Fed's talk about December rate hike, it's more likely that this pair might bounce down, if not near R3, somewhere...
Congestion should be due to the expectation of major market movers. If we do not have clear breakout signals with NFP, it is recommended to wait for the day of Tuesday, November 8, the US presidential election.
Trump Cup ^^ I am expecting a move to 1316 or 1328 at which it will be a sharp dive to 1286 or 1270 then a huge Brexit like long gold candle possibly aiming for 1340
Preemptive note: This is non partisan analysis. Please do not waste my time (or yours) by saying anything about the polls not being accurate. That's self-indulging conspiracy theories that have no basis in any fact. Now onto the reasonings. 1) Price currently sitting at the .618 fib retrace. You can see this clearly on the chart. This is a level to look for a...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
The trend line is clearly indicating the it will go especially with everything that''s going on with the election. I would go long. There's a lot of money to be made either physical silver or stocks.
We can take a long Peso position here, risking a drop below October 11th's low here (in the USDMXN chart, it would be Oct. 11th's high, 19, give or take). The market is favoring Hillary Clinton's odds to win the election, thus propelling MXN up. For now, that's what it seems to be happening. A rally from here and a solid daily LOW above -17.8395 (under 18.8087 in...
Breaking Monthly TL in late 2014 we still have not seen a technical retest. a break of range to the downside would see the index reaching the 80 handle
Apple is a gift at these prices (115+)... to short. Historically, September - November has been a horrible time to be long in the market during an election year (going back to the 1940's). To say AAPL has been a little frothy this week is an understatement. This should be seen as a gift to either book profits and/or short at this price and time. We had a taste...
2016, the year of the Risk-Off Asset Historically Gold has performed +10-20% in the 6 months into US Presidential Election years AND also by longing Gold on this pull-back it opens up the opportunity to benefit from the potential tail risk that the UK votes to "Brexit" in which Gold will likely trade through $1400. Gold is one of my favourite plays for 2016 for...
Monthly trendline should offer some monthly support. General election on 7th May should coincide with reversal