Price of the USDCAD has been on an upward trend since October 1st. We have been able to use a nice clear trend line (black) that shows a good upward trend. This was only broken once, after which it was immediately corrected. Currently the price is in a Support/Resistance zone (orange). This zone is respected in: - November 2016 - December 2016 - March 2017 The...
EUR/USD after breaking the resistance at 1.14198 is currently in a retracement rally. Moreover a strong bearish engulfing candle has formed at the resistance. Hence we expect the pair to be bearish and move to support level at 1.13069.
Reasons For The Trade (always Fundamental and Technical - always): EUR: ECB tapering their bond buying, and end of QE now in sight and signalled to the market by Mario Draghi in last meeting. EUR: recovering from losses from Italian political tensions in November (Italian Budget concerns now no longer a concern) EUR: Any good or semi-good data will be...
The SP500 has over the recent weeks broken through some well defined support levels and looks set to close red for the year. As a barometer for risk trends and overall market sentiment the current price action does not appear to embody confidence among investors. Rightly so as there are a plethora of fundamental headwinds that have got investors nervous at the...
Dear Friends,It is been since long that i have shared an idea in the Indian Market charts. Here is the mindblowing Thought. We always look Fundamental and Technical as two differrent poles. Why not combine Technical Analysis with Fundamental data to predict the price of the future ,Atleast trend of the price that will happen in the future. Look at the March 1st...
USDSGD Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic has yet to move into Oversold conditions - Breaking Support Trendline (since April 2018) - Fundamentally, with positivity the outcome from the temporary truce between Trump-Xi and a more dovish FED reduces the drag on global demand and is positive for the Asian region. The SGD is a...
In my previous note, I wrote about how I suspected we would see lower prices. We have clearly violated that trend line (red line shown above) and have dumped far past $5K. I take a very macro outlook partly due to halvening mechanics. The most comprehensive set of price data is the BraveNewCoin Liquid Index for Bitcoin (BLX). This aggregates price history back...
Today the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals...
Today, European President Draghi was due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. To sum up what he said in his speech, he clearly stated that the European economy is stabilizing from its draw-down in the 2007-2008 financial crisis. This is why we have been seeing the...
With oil prices going to the floor, I am seeing no reason for any strength in the Loonie. Risk sentiment is recovering right now which should be USD supportive. There is a NIce little demand zone right in the 38.2 pull back of today's rally on the 15m chart. I have a stop set below 61.8 and looking to take pips at the 127 extension. I am am in so we will see how...
Dear colleagues and followers, We at Osiris Finance happily resume or regular posting schedule after the Bitcoin Cash hard fork. The Osiris team remains constantly improving predictive and trading algorithms to deliver the best results achievable. We are using the bearish trend of the recent days as a wonderful opportunity to stress-test our systems and to make...
I am expecting a triangular correction until the end of next week. Look at the wave count, support and resistance levels, Brexit no confidence motion and US politics.
Dear colleagues and followers, We hope you and your portfolios have survived the bearish run of the recent days. Our trading systems at Osiris Finance urged us not to trade during this period so we managed to preserve our capital. We are expecting to resume the regular posting schedule with forecasts and news digests on Monday, November 19th. And now for...
Mixed US data overshadowed by political jitters in the UK. EUR/USD hovering around 1.1300 with no life of its own. The pair is trading around 1.1290, right above the 23.6% retracement of its latest decline, and, in the 4 hours chart, a few pips above a flat 20 SMA. Technical indicators in the mentioned chart have pulled back from their daily highs but...
Hey tradomaniacs, it seems like we could see a very nice chance to trade the years-end-rally. S&P500 shows a S/H/S-inverse pattern and could head the market up to 3.000 after a break through the neckline! Fundamentals do look good, especially since Hardliners got "wrecked" by the white house. Peter Navarro is told to take a big step back and stay out of the...
Key Quotes : The EU and the UK agreed on a Brexit deal, yet to be approved by May's Cabinet and UK's Parliament. Brexit-related fundamental headlines largely overshadowing technical readings. The British media is full of reports that a Brexit deal is all but done. Officials still insist the agreement is not finalized. There are growing reports that the...
Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate. Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar. If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target...
Italy has until Tuesday to submit a revised budget draft to the EU. Italy-German yield spread looks set to rise in the EUR-negative manner as Italy is unlikely to revise lower its expansive budget deficit target. The EUR/USD is trading near 1.1325 after taking an early-Monday plunge into near-term lows as the broader market opens the new trading week with...