On Monday, GBP/USD did not show much movement and traded in more narrow range, comparing to the last week’s activity. Although the pair is still holding on the longer-term trend line, further declines could be inevitable. All eyes on the UK CPI data. If we look at the 4h chart, we can see that it is currently balancing around the 200-day EMA, that acts as a good...
We have the Euro area interest rate decision day today, which should, potentially, give us a more interesting day than yesterday. It is expected that the rate will stay the same. The only thing that is bothering me are the major news channels that are not talking about the potential rate hike. We have Central Banks in North America already raising their rates, so...
We are stuck in this channel on the Daily chart, which will be a sweet spot for an entry, once it gets broken. There isn't a lot of news from Australia this week, so the focus is on the US. We have that Government shutdown nonsense, which I believe ended yesterday. The DXY is quite low and the news keeps talking about, how USD is week and unattractive. I find...
WTI had a really good run from the middle of summer last year. Starting from around $43 and adding approximately an extra 20 Bucks. Not a bad return in half a year. I believe that it might go higher again later on this year, but for now it needs a good retracement. I am looking for a move to the first closest trend line, which will be around 23.6% on the...
With all the hype about volatile cryptos, sky rocketing indices and fluctuating currencies, the world has forgotten about something that feeds us all. Certainly, when there is no shortage, why to bother, right? Human nature... A lot of people like fried food, well guess where some of that oil comes from? From the fundamental side, if inflation starts hitting...
Ripple had a great Christmas and New year’s party, so it celebrated it with a bang. Now the hangover is kicking in. And we can see that… For now, it seems that it wants to quickly touch the symbolic $1 level, in order to decide then on its future value. Now the questions is, will we see that? No one knows for sure, but if Ripple is planning in the future to take...
The pair is coiling up on 4h chart and getting ready to make a move. It looks like it would like to break to the downside, because it drawing a bearish flag. Especially visible on the 4h and 1h charts. But always remember, that the market likes to surprise everyone. I recommend to wait for a break to one of the sides, wait for a close of the 1h candle outside...
You know as they used to say in the old days: "Follow the stars!". Should we do the same and follow a traditional idea when we see a Shooting Star formation? This is a difficult one. Especially for me, as I have to admit, I have been wrong on my Dow analysis in the past. But, if I am right this time, then I am aiming for 24000 level. Also, maybe this time the...
The Aussie had a good run. It's time for a bit of retracement. The pair was rising steadily within the steep wedge formation since the beginning of December last year and last few days it managed to break, close and stay out of it. Also, if the market is looking for some more upside, then this would be a good retracement area in order to go higher later on. At...
The reason why I am saying to stay sharp is because this the EURUSD - most traded pair. That means anything can happen. Normally, I would say that because it has broken out of the triangle to the upside, we should be aiming for higher levels. But be careful. If this will decide to retrace back a bit closer to the trend line, then watch its activity carefully,...
This has been a good year for the Rubble against the USD. Certainly, 2016 was even better, but still, good result. Thanks to weaker USD, of course. USA were trying to make their exports look more attractive and Russia strengthened their economy. Well done Russia. If an opportunity like that arises, you have to grab it. So what could happen in 2018? I believe...
So Gold managed to close above its nemesis - $1295. Now, if this would have been just a Daily, then I would say that there is a risk of some downside. Still, a possibility of a quick retracement before heading higher isn't off the table. My idea here is that it could re-test the 1295 or maybe slightly lower (23.6% or 38.2% Fibonacci) and then give us good move...
This has to be one of the crazy ones. Range traders should be very happy by now. This has to be one of the longest ranges ever. Will we get a break by the end of this year? Would be cool to see that. But all wishes aside, the pair is banging on its upper side of the range. Now, we can't really say that it's going to pop, but we definitely have to monitor it for...
Who has read the Ancient Greek Mythology, they will understand. "Don't fly too close to the sun, Icarus... Otherwise your wings will burn and you will fall..." But, leaving all the above mentioned behind, we can see that it is at key resistance at around $16740. This also happens to be the bottom line of the regression channel. Will these two strong indicators...
Always wanted to say that. I might be wrong, but the world is slowly getting tired of Bitcoin. I believe so. Even the biggest skeptics, who hate Bitcoin are now thinking: "Hmmm... Maybe I should give it a try..." . But because it's a bit too late to jump on Bitcoin with small amounts of cash, other Penny Cryptos come into the game. Probably, this one won't rise...
Markets are a bit indecisive at the moment. But USDJPY has drawn this familiar pattern. If this proves to be correct, the potential upside target would be around 113.500 (+/- 0.1). Wait for a close above the "neckline". I will totally scrap this idea, if the price falls back below 112.500. Be careful and keep an eye on the price action!
I said this many times before, that this pair is really annoying. But, at the same time, it is very interesting to observe what the hell it is doing. So, if this is really going to be what I think it's going to be, then we could see some potential upside. And I mean that this could be a H-a-S (apologies for a sloppy drawing and not connecting the points...
Ok, so it's balancing on that trend line. It could work out as potential bounce or a break to the downside. Tomorrow will tell. But for some reason, I have this gut feeling, that this could fall. If to trust Stochastics, then the bias is to the downside. But if today's candle will stay positive, then the next one could be like that North Korean ballistic missile...