The overall MAIN TREND is DOWN ! The close under $62.29 has put the market in WEAK Position ! STRONG SELLING under $60.83 could trigger acceleration into $59 range!
Incoming DXY strength from rd3 of the US Stimulus!
Liquidating from 1800 all the way to 1680 we saw a 1 way down turn, BUT GOLD has gained support and looked to test 1740 which it failed the 1st test. This high 1720 area may look to test 1740 impulsively but I do not think it will last.
the DXY strength is not going to last forever just long enough to get the...
We are seeing a strong USD everywhere and it looks like this will continue.
Today and tomorrow will be important days with the release of news about the economy.
EURUSD is expected to continue down and below 1.20.
This will allow the price to drop around 1.1920!
Be careful during the news and do not overdo the volumes!
If you have questions about how to trade...
as we all know that nzd usd was the most bullish pair of 2020 and broke a strong physcological resistance zone 0.69000 and rally to the upward.
now market found a resistance at 0.73200 and rejected multiple times and now showing the bearish momentum sign so that market can go retest the broken resistance turned support area
look for bearish confirmations and...
It's a bit gambling rather than analysis in the GOLD market. because we can't really decide and predict as well the risks... but now! It's time. I won't say it will happen. but I believe. when everything is connected and related to each other. we have very strong confirmation it's more predictable than a hope. It's a long decision I will follow.. I bet my analysis...
Hello Traders! USOIL Moved very close to hit the 32.30 Target but it turned back to 37.xx
USOIL gave a very nice move to the downside but it turned back from 33.65, I am expecting This downtrend not to end below or above 32.30. If I am making an error then it can end between 32.10 to 32.50. But after checking multiple times the Answer is the same and it is...
Hello guys, in this technical analysis, we found out a ascendent trianlge what was confirmed to entry in short position, now there are a highly possibility that all USD news was bad for support this economy. Well, firstly we have the confirmation in short position to entry, I reccomend to closed our long position, because this drop is so very strong that USD it's...
As you see in my idea that the bears is showing more dominance and has complete shown how its going to behave over the next couple of days, maybe even years. The US Fed has announced that interest rates are going to be held at near 0 through 2022 due to the Coronavirus outbreak. Find an entry reason if you want to get in this trade. I got in at 1.33920.
I wish you luck.
The market has been rejected several times along the bearish resistance line.
It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions.
Beware of the resistance which could be tested again.
To lookup:
- Volumes confirming that we are in a long run down.
- Pullback on the resistance blue...
AMEX:SPY : Strong Sell
Initiated: November, 2019
Immediate Target: $2,256.00
Facing the Financial and Economic Blow-Out
The financial systems have become based on the financialization and securitization of consumer spending and consumer debt.
If you stay at a hotel, your room payment goes through a whole series of companies or financial vehicles you’ve...
The zone of 0.884 was retested during the Asian session, with GBP having a strong momentum push we saw the downside early this morning.
We caught the second part of the move once the initial candle pushed out of the zone.
We then added shorts at 0.8775 as this failed to break - this is a small lot as we are nearing the potential demand zone 0.873
Closed 50% of...
![XAUUSD: GOLD will start Elliot wave 3 correction! [STRONG BEARISH]](https://s3.tradingview.com/u/Uhv3X7D7_mid.png "GOLD will start Elliot wave 3 correction! [STRONG BEARISH]")
