A masterclass performance from buyers, well done all those holding longs from 1250 and 1350... I know many here who have been riding the pig, that have kept working longs because the market said it worked and it paid! This has been one of the easiest rides in Gold in all my years of trading, the easy part of the rally is now finished. We are coming to the end of...
The leading indicator has already pointed out exhausted bullish. Technically talking we all can see dxy has extended a lot high due to some past week greenback power over most of its counterparts. Last week it was an almost risk-off market situation where safe haven did most well and the case dollar been dragging most of its counterpart creating some bullish...
Bullish vibe incoming!? This is no pure investment advice but to be honest, seeing the drop in dxy and the way how market risk sentiment have changed after ny entering this plan seems lucrative.
well everyday we are counting the number of deaths in Wuhan, China. So long this thing does not blow up. in the long run, we still need crude oil to run our industries and cars and so on. if this monthly trendline holds, could start to go long
if the market sell off continue, VIX could continue to spike up but up to a certain point. markets ought to recover and volatility to taper off once the virus episode blows over. rather than go long the market which could still be choppy, a way to go long is to short VIX. based on regression analysis, VIX is likely not go beyond 22
Weekly Fundamental Update This last week ended with a noteworthy sell off seen towards the end of the week and it was a broad sell-off not specific, which is more accurate of risk-based movement a cross the financial markets rather than a specific impact from the target region (Asia) or asset class. Consideration of risk these days is important. The backing of...
At the moment we should be cautioned in the stock market as it looks like a risk off sentiment is developing. However this risk off sentiment has not been confirmed yet on the weekly.
Risk-on sentiment is still valid, the Japanese yen is in the uptrend and there is no sign for a reversal.. Joining bulls from around 110.05-109.78 with 110.8 take profit provides decent R:R (2.73). Keep in mind that this idea can be realized in several days and long position in USDJPY has negative swap. // Follow me to stay updated.)
Are we going to get better price to join bears? It seems the market has turned into risk-on mode, so the prices of such instruments as gold, silver and japanese yen are weakening against US dollar. Let's try to realize silver, selling it now doesn't provide as good R:R as if from the 17.9-18.2 price zone. Take profit level could be around 17.2. // Follow me to...
With the markets going increasingly risk-on, any bullish price movement in gold is suspect. So far this year it's had a strong rally out of that accumulation zone, but soon we should see whether it was a simple fakeout or a continuation move to new highs. Gold is still at risk of giving back all gains received in Q3 2018 if he fails this range completely....
In this market insights, I talk about the reason #FX Majors were muted; on the back of a shift to riskier assets i.e. the equities I dive into euro, pound, dollar and the safe-haven yen to provide you with my short-term analysis. I also talk about what to focus on for the rest of the week and with crunch talks around the allocation of US’s $1.3tn spending...
I’ll be watching UJ along with US Equities & Gold to gauge whether or not this setup is truly risk off. Ultimately, it is likely to bounce before a larger countertrend move to the downside. If no immediate rejection from the zone identified takes place, shorts could get rekt. Whether up or down, a setup should materialize. Short term bullish, medium term...
USDJPY could move higher towards the 1.618x Fibonacci extension of the latest bullish minute pattern started on 107.88. This would validate the recent breakout above 109.32 as well as the intermediate degree structure which has a medium-term target near 114.55. The pair, however, could have just ended the intermediate move to the upside at the 2x Fibonacci...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the...
AUDJPY formed a nice bottom during August and made a higher low in October, setting the pair up nicely for a continuation rally next week, although any news about the trade war could end the current rally very quickly. Breaking 74,5 price barrier would trigger a new wave of buyers and a much bigger rally to 76 or even 77,5.
USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...