We have an interesting pattern, going back to the 1996 elections. I overlay the one year inflation adjusted returns of the dollar, S&P500, gold and 30 year treasury yields. I see some paralells regarding price action, and would be interesting to see if we get a similar situation going forward. This is just an observation and what I think is likely to happen based...
Gold has had a great run since our last outlook from our first and secondary levels of support, and price action has been able to climb through our intermediate target of $1,301. However, due to the potential U.S. election upset by Donald Trump, the decline in the U.S. dollar and general market turmoil, the gains in the yellow metal have come quickly. Near-term,...
Still on waiting mode for EURUSD until the US Elections and candlestick confirmation below or above the R3 pivot @1.11722. If current situation persists, pair has room to go up in the short-run, but depending on the outcome of the US elections and Fed's talk about December rate hike, it's more likely that this pair might bounce down, if not near R3, somewhere...
After a sloppy NFP release I am bearish on this pair.
So there's a reasonable expectation for the EURUSD to correct after the huge rise seen these days. There are several old zones (suports and resistances) that could work, yet the H4 could prove evidence otherwise. Fundamental factors do in fact point to EURUSD not getting back to the pre-draghi levels in my opinion, but it rather depends on the NFP data tomorrow...
The Dollar is nearing a medium-term top as a wave B of (4). While we may have already reached the top, I would still expect one last move up with the DXY peaking just under the 100 mark around 99.7. This would fit well with the length of wave c being equal to wave a. Once a top is confirmed, the price movement should resume the downtrend to complete the...
GBPCAD 1. Inverted H&S 2. Rejection from EMA 100 3. Price stop right by Fibo 0.618 4. Weekly Currency Cross (CSS) Bearish #GBPCAD 1. Inverted H&S 2. Rejection from EMA 100 3. Price stop right by Fibo 0.618 4. Weekly CSS Cross: Bearish Estimations: - As long as we dont experience bullish breakout on the new week open day, we will look for bearish breakouts for...
Learn FREE DAILY analysis at: telegram.me - ema 195 rejection on H4 - Flash candle closed below H4 Resistance - New candle H4 below H4 resistance zone - Daily candle bounced from Fibo 0.382
There is an important resistance level in the area of 40$ and the stock can't seem to break it. It tried many times but it remained unsuccessful. On top of that, we can see an important RSI divergence which can give us a hint on which way the breakout will be. The fear of the elections will also drag the price down below the triangle.
Hello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com Enjoy :) I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700. First bearish target: ~3450-3500 Second bearish target: ~3050 Please find below a graph (weekly)...
A chart of the SPX-DOWI premium organizes price into an orderly channel. One salient target for the current bear market is SPX 1222 in November 2016.
It was interesting to observe CAC40 this week. Despite the move down of DAX30, DJI, SP500, NSDQ, event Eurostoxx, CAC40 try to stick upside at a range between 44500 and 4500. MACD shows that there is no momentum, no more steam to keep CAC40 that high up. But STOCH shows that there is a try to keep it up at 4500 as if this range would be a proof of a healthy ...