What should we do next week after gold prices jumped $46? ! It’s simple, go with the trend and go long. As the saying goes, when things go up, they don't reach the top, and when things go down, they don't reach the bottom. Look big or small, take advantage of the trend and take a short position➕Stop loss! Under the volatile situation, gold prices hit a new...
If the price of gold rises as expected, it will only rise after what we call an adjustment. Instead, it went up unilaterally. Looking from above, 2300 points is still a high probability event, so there are currently two ways to go long. As shown on the chart, the short-term 30-minute level is expected to break out of this range. You can go long near 2160...
The USDSGD pair has been trading within a Channel Up pattern (blue) since the February 02 2023 Low but on December 28 2023 it posted a Lower Low, so we have to consider the possibility of an emerging (dotted) Channel Down. As a result, the trend remains bullish but technically we should be careful and only target the top of Channel Down at 1.37350 (symmetrical...
Gold prices showed little movement after the data was released. It briefly fell back to around 2282 points and then recovered. It is currently making new highs every day, so all short selling now is buying at the top. Going against the trend is nothing more than making a small profit. But you have to understand your positioning, which is short-term. Don't expect...
From a trend perspective, oil prices have limited fluctuations and have maintained their recent gains. Market expectations + production cuts will lead to tight supply, and Russian refineries were attacked. Affected by geopolitical policies, crude oil broke through the previous high and continued to rise. The overall trend is bullish and the pullback continues to...
Gold, the short sellers retraced again yesterday, reaching as low as 52, which is close to Tuesday's retracement low near 50. At the same time, the daily line also closed at the intersection of yin and yang, so yesterday's retracement is also likely to release two There are two signals. One is the second bottom correction of the bulls, but the retracement...
Oil prices rose slightly during the European session as Saudi Aramco delayed plans to increase production from 12 million barrels per day to 13 million barrels per day by 2027. WTI crude oil recovered after falling sharply during the U.S. trading session, hitting an intraday low of $76.77. Crude oil is currently recovering and repairing. You can sell high and...
With non-farm payrolls coming, will gold continue to rise? I think gold is unlikely to rise significantly. Why? Because as can be seen from Thursday, gold did not rise sharply driven by a series of good news. I have been crossing and climbing on the high Yin and Yang line. This indicates that bears have started taking profits at this level. Looking...
EURCAD finds a choppy trading condition set ahead for a while, One of the least popular FX pairs - for good reason. This correlation toward the USD/SGD and EUR/USD finds another confirmation off my initial two part EURUSD Theory posted earlier. Links Below
It's been again a long time since we traded the USDSGD pair (October 03 2023, see chart below) but it did manage to give us a low risk sell opportunity: The price hit today the 1D MA200 (orange trend-line) for the first time in exactly 2 months (since November 17). That is a major pressure level as it is also exactly where Resistance 1 (1.34550) is. The...
We haven't looked into the USDSGD pair in a long time (May 16), with the last idea giving a great bullish break-out signal: The pair has since entered a Channel Up pattern, with the latest bullish leg since July 14, just reaching the top (Higher Lows trend-line) of the pattern. This is also the 0.5 Fibonacci retracement level from the 2022 High. As long as...
Hello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our...
SGDJPY. Take Profit at 101.462.
EURSGD - Break out...Coming soon! EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187 If we are to break the lows, expect the recently low areas of 1.37625 to be target areas. If we are to break the hight, expect the the two key resistance areas to be tested and to be target...
Bearish Engulfing Candlestick formed at Pivot Point Level and Parallel Channel Resistance. Entry Coordinates (16:00, 0.91829) Pips = 103.4
AUDSGD price pulled back to Pivot Point Level. Waited for Bull Candlestick to form. Entered the market after Bull candlestick completely formed. Volume increased.
CAD/SGD - The price dropped below the lower boundary of the descending triangle. The target is around 1.00
Enter USDSGD foreign currency market at price level 1.37470.