Undoubtbly corn futures and soy have suffered in recent times,
However through FUNDAMENTALS, and ongoing trade neogiations, I am looking for a long term view that prices will rise.
This is a market where we still may see a decline in price to possible 8.500 region, however OANDA:SOYBNUSDthe long term outlook is very much to the upside.
This is medium risk ...
Bearish H&S Pattern DAX
Although the current bearish H&S pattern on DAX is not
symmetrical i.e. the right shoulder is higher than the left
shoulder, however, it still is indicative of a bearish correction
to take place; also, this unsymmetrical setup does form a
megaphone setup if you draw trend lines extending from the
right to left shoulder and from the low ...
XAUUSD (GOLD) SHORT - Coming up to a daily trend-line (5th wave) aswell as a 4hr trend-line. There is also resistance around the psychological level - 1270.00. If there is a break of this resistance/trend-line i will be looking for buy opportunities
Adding up the fundamentals.. The EU isn't going to hold up come Brexit Deadline. This pair should perform splendidly. Expecting new ATH in the long term.
My plan is to sell extensions and buy pull backs.
Looking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone.
Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the ...
The FTSE 100 Daily Chart for Dec 20, 2018 has revealed a falling wedge pattern formation. It is usually a sign that we are getting to the bottom of market price action. It is classically a reversal pattern. But there are no guarantees. An upside breakout is most likely (75% chance). A downside breakout is less likely ...
1. The bullish run for WTI faced a critical resistance at $53 a barrel
2. We can expect a potential retest of $50 range if the the price breaks below the 51.50 which is acting as resistance
3. Main target for the bears could be the $50 or $49 range but there is also the 200EMA at $50 which is supporting a downward trend
*** A failure to break below $50 it can ...
Gold prices climbed to fresh six-month highs a week ago as the rally was capped by the psychological barrier at $1,300. The precious metal failed to regain the sustainable traction since then and goes through a consolidation mode in anticipation of fresh drivers. On Friday, the prices resumed the upside move, challenging the $1,295 handle.
In the weekly and ...
Scallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over.
The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't ...