CHILLFOREX

CHILLFOREX

may be one for next week though now - gold consolidating today - a break and retest of 1523 shoul 1523 hold as resistance we will go down to 1494 level - potential huge move Any news from Donald Trump announcing progress with China on Trade then Gold will drop hard - a potential 300 pip move here

CHILLFOREX

Currently stuck in a 1 Hr descending channel, should Brexit news be positive for the GBP then we will see a huge rally, I am awaiting a breakout and retest on this channel before looking to enter long, If we get poor Brexit news then we should see this drop out the bottom of this channel, so again await a retest before going short,

CHILLFOREX

Looking at a continuation short after a break of key support on a head and shoulders patterm, long term target 1.0630 -

CHILLFOREX

With Bitcoin again starting to have a Bull Run on the back of their being more signs of adoption and regulation of Cryptocurrencies, once consumers are given protection on these products then we will see a lot more investors and everyday people beginning to buy. We have seen Goldman Sachs, Barclays, George Soros, Rockerfeller and even Warren Buffet either...

CHILLFOREX

As you can see we have a great couple of technical supporting a further downward move for EURUSD to the 1.22 area, we have also broken and retested a Daily Bullish Trend line, showing signs of rejection from this also. fundamentally the US economy is strong with Investors being worried for the Euro in regards to the lasting effects of the trade tariffs, the Euro...

CHILLFOREX

I am awaiting a rest of the 61.8 Fib retracement area in order to execute short position on Oil back down towards the lows at $58 - With recent data showing a build up in Crude inventories and USA starting to add more Oil rigs, production could start to increase again, this could cause a higher build up of inventories, driving the price further down, also with...

CHILLFOREX

CADJPY looks to of broken out a H and S structure on the 1H channel it was in. With Oil falling as well we could see further downside on the pair, back down for a correction to a Bullish trend, before seeing more upside. CAD is fundamentally stronger the JPY due to the current central bank rate hike cycle with 3 hikes from the BOC in the last 6 months. Most of...

CHILLFOREX

With the Fed Reserve looking like they are starting off the year quite Dovish on the economy, looks like we could see further downside on the USD - Some are mentioning they won't want a rate hike until middle of the year but the market seem to be pricing one in for March and they could be left disappointed in the run up causing them to withdraw positions and short...

CHILLFOREX

I have a significant level of support around the 1.5080 with the 200 day moving average closing in also, this will give us additional support when looking on a long term buy opportunity. With the EUR looking at reducing QE further this year and they have potential for an interest rate hike before the RBA, it should caused further EUR longs to be priced in, also...

CHILLFOREX

DXY measures the strength on the Dollar against other major currencies, after seeing it hugely weaken off since the FED rate rise in December - We have seen and H and S form on the DXy and you can see the neckline has been broken, meaning we could see further downside movement to the dollar, EURUSD could go as far as 1.22 With the North Korea threat coming back...

CHILLFOREX

We can see Gold have a breakout on the Daily timeframe, and now it is trading below the 200MA - This could cause a shift in investor focus, with USD looking stronger then expected this could continue USD are known to hike rates in December and that could cause bullishness, although this is mostly priced in with institutional investors. I will be looking to enter...

CHILLFOREX

This would of been great for traders, Selling from the top of the range and buying from the bottom - A Big move will be awaiting once we get a break and close outside of this consolidation zone Upwards targets would be looking at 136 and downward targets 128 and further downside to 125. For a longer term move you would need to await a breakout and retest of the...

CHILLFOREX

EURNZD is in an uptrend which we have seen Slow down over the course of the last week or so, as we can see we have formed a Double Top formation and price is now at the Neckline, I am patiently waiting for a break and close below this level, a Re test of the Neckline is important to confirm that support is now acting as resistance This pair has been hugely...