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...
Based on general trend analysis, and the fact that Canada has so much fresh water (which will be a very scarce resource in the years to come), I believe that the Canadian dollar will slowly but surely overtake the US dollar during the 20's.
Metronome (www.metronome.io) is a built to last cryptocurrency originally created by Bloq, headed by Jeff Garzik (core bitcoin developer). It has a unique auction mechanism that controls inflation of the money supply and built in converter contracts that provide liquidity in wallet in either direction (think a mini bancor). The converter contract currently has...
On September 5th I made a similar post comparing the daily chart to the 128 MA. It is much more detailed, however the conclusions didn't change much. The TL:DR of the previous comparison reads as follows: Bottom: $2,860 on October, 31st 2018 Range: $3,750 - $5,800 for 8 - 9 months Breakthrough: $6,100 on June 21, 2019 Because the RSI is not oversold and we...
- Head and Shoulders Pattern completed - Price retested neckline and broke through - Could be due to price being oversold ? - Price might not follow pattern as US economy is currently doing good ? - If price retests again then trade would be safer to enter
As we announced, yesterday was relatively calm in the news. Regarding the dynamics of assets, the day can be called correctional, in the run-up to the publication of statistics on the labor market in the United States. The data will determine if the dollar experienced temporary difficulties yesterday, or if the concerns are more long-term. Read about our position...
Yesterday, the Fed expectedly raised the rate by 0.25% (among other things, the eighth rate hike since the US monetary policy vector reversal). That is, there were no negative surprises for the dollar in the form of non-availability of rates, as there were also no frankly positive force majors in the way of raising rates by 0.5%. In this regard, the rather mild...
The amount of opened short positions is skyrocketing again. From 17k on Aug 2, it more than doubled by the end of the month and almost hit the previous record of 40k+. Combined with the recent influx of negative news, it may very well try to reach the new high in the nearest future: SEC Quashes More Bitcoin ETF Pitches in Another Blow to...
US equities particularly DJIA, SP500 and NDX appear to be at overbought conditions. DJIA and SP500 reached new heights the past week, the highest since February. My analysis of the DJIA shows that the index has failed to reach the upper resistance line of the price channel that has formed over the last months. On top of this the recent high on the chart is showing...
Everyone is aware that Gold is a 'save haven' for forex traders when economic results are bearish for a certain asset. Meaning, when some economies are performing well, Gold will reciprocate and also become bearish themselves. This can be seen through the past two daily candle sticks after Germany, one of the top 7 economies, showed positive unemployment. -12K...
GBPAUD is bullish on H1, H4, D and W charts just like EURAUD. Technical analysis reveals a bullish butterfly pattern with some reliable potential reversal price levels based on support and resistance. However, it is important to do your own due diligence on the following fundamentals: GBP: British Halifax House Price Index, British Industrial Production and...