Bulls might have taking control of gold now. However, to totally establish their grip on the metal, price needs to close above 1833, while a pullback to re-test this level again will make gold to have a bullish outlook and with a potential to re-test "Bullish Territory" N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The cable seems to have found a higher low albeit a double bottom. Selling pressure may continue early next trading week while buyers of the pairs will be lurking around below 1.37 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Apple stock price has twice been rejected at 150 and with price making a third attempt to re-test this level, bulls are favoured to push price up above 150 in a couple of days. IF successful, AAPL may now be gunning for 160... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With GBPUSD violating a Daily Swing High at 1.39098, what remains is to find a higher-low before it could commence a rally to the upside. A decline to 1.38200 is anticipated (or lower) in coming days N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Mr Elon Must indicated last week that his company, Tesla, is now ready to start accepting Bitcoin for car purchase! This tweet simply shows that the smart monies have accumulated enough and the time has come for bitcoin to start another move to the upside. The monthly chart shows level of buying pressures and a decline towards this level will definitely be a...
Last week rejection candle is not enough to drive price up to the seller's level as EURUSD still touched the low at 1.18000 forming a bullish engulf. With a strong bullish candle, EURUSD is likely to rally to the seller's level at 1.19360 in coming days. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With bulls now in control (temporarily), GBPUSD is likely to rally above 1.40000. First thing first, the pair must have a "good" bullish close above the high at 1.38988, else any rejection here will make the rally to 1.4000 a mirage. Then a decent pullback to re-test 1.38988 will be the catalyst to propel cable above 1.40000 - where sellers are waiting N.B - Let...
Seasonality, gold is favoured to be bullish in July and August with great average returns. Statistically, there is 65% chance that gold will end the month positive than negative, it's even better for the month of August with a 68% probability of ticking up! Having said that, gold's channel is weakening on H4 and may decline. A break below 1790 may cause gold...
With rejection candle on EURUSD, will this be sufficient to cause a minor rally to seller's level above 1.19360? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Since my last post on bitcoin, nothing fundamentally has changed. Technically, it also remains in a range, where price is bouncing between the upper and the lower channels. However, I remain bearish biased on bitcoin as so many central banks are fighting cryptocurrencies around the world! The ONLY person I am watching his tweet keenly is Mr Elon Musk. He can...
After starting a bullish rally to a swing high at 1.24872 from early June, the pair has since pullback. Now at a Buyer's level, will there be another run to re-test the high @ 1.24872 at this level or price will still dip lower to Buyer's level 2? Or perhaps, price will touch the trendline before making a reverse? N.B - Let emotions and sentiments work for...
Gold seems to fall into a range market during last week trading. Basically, I'm still bearish bias on gold. A rally above 1800 with appropriate rejection will cause gold going lower to support at 1730 and a break below support level at 1760 will still end the price going lower. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In...
Last week heavy sell off on gold has dropped price into the bullish wedge. Gold may as well be targeting the next support level at 1730. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Now that the FED decided to bring forward the hike in interest rate, dollar index may be rising to 94. Since the announcement on Wednesday, buying pressure have since increased on dollars causing decline in dollar pairs and commodities. Buying pressure of dollars most likely to continue next week. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper...
After the break above the bullish wedge , apple price pullback slightly and price ended last trading day with an inside bar. WAITING for a close above swing high at 128 with strong "bulls". N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold has witnessed some level of decline in the past 2 weeks with these bearish weeks given an inside bar. The 1st bearish week was rejected and ended in a long bottom wick and small candle body (this is invariably is bullish), while last week ended 11/06 was a complete bearish week. Prior to these bearish weeks, the precious metal has witnessed 4 strong...
EURUSD seems to have complete making a weekly L-H, sellers keep coming up anytime the pair touches 1.22556 and have drag it to 1.21090. I would like to see more selling pressure next week. For now, Fibre looks ready to decline toward its ascending trendline. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bitcoin has been in a ranging mode for more than 20 days going. Price being rejected at the low and upper levels. A break above the upper levels with high buying pressure will keep it going upside while the more possibility to break below support level will cause BTCUSD to keep declining. Price Action is the key here!!! N.B - Let emotions and sentiments work for...