I have been wrong on the past couple of posts about the short-term DAX outlook. So, looking at the longer term, We got our break from the downward channel, so now the Bulls are back. If you would like to join that society of Bulls and jump on the bandwagon, I would suggest to wait and observe for now. Or you can risk it and jump in now. Hopefully it will go a...
We have observing this down slide of the US Dollar and how other currencies have risen against it. But has the time come already or we will still see some moves to the downside? Well, only Trump knows =) I mean, we should have expected a drop in the US Dollar after he came to power. All those promises of increasing US manufacturing and creating more jobs have...
It looks like a beautiful chart. There is potential to the downside for this pair. My logic is this: We are seeing some weakness in Gold today, which almost goes hand in hand with AUDUSD. That pair has been selling off today (Friday). Also, NZDUSD has broken the "neckline" and now heading upwards (See my last NZDUSD idea). So, weaker Gold and stronger NZD are...
If we will apply your normal average day Elliott Waves, then we might get something like this... Not saying that it will definitely happen, but something is hinting me towards this idea. We will be having interesting news from UK at 9:30 BST, so I suggest place your trade after that. Don't improvise too much. Should be an interesting day for the Pound. On a...
We say that we are ranging here. No, my initial idea was that this might sell-off a bit more and go re-test the old levels of around $30. But that was then. Now, I am a bit 50/50, because of this price action. Now, ideally, I would like to see some selling, but because we are at this interesting level, any stupid news might drive the price higher. Especially...
Looking at this from a short-term perspective, aiming for a little SHORT, as we have a nice resistance of 1.31600 . This is only for now, of course. I still believe that there is some upside left on this one. The next key resistance is 1.32680, which is a bit too far for it at the moment. Looking for a SHORT at current level and aiming for around 1.31150 with a...
As always, Mario was talking about how everything is great in EU. I mean it's not bad, but it's just you will never hear anything bad or honest from the politicians. So we had this aggressive buying action. Ok, fine... I am leaning towards a bit of retracement within the triangle. Change of the whole strategy once we get out of it. So for now, I'm looking for a...
It is really struggling with the 12300 level. It seems like it is cursed or something. If this is going to close below 12300, then I'm aiming for some selling. US markets don't seem to be that strong. Certainly, tomorrow will tell, but for now, I'm not seeing anything positive in this one. Maybe I'm wrong, but with that candle formation, it doesn't look like it...
This is at an interesting spot right now. Looking for a pop one way or another. We've got good EUR moving news today. Let's see what Mario has to say. Ideally, would like to see the rates staying the same for now. Looking to enter on the breaking points. As always, keep an eye on the price action!
The fact that it is ready for a pop on 240 min chart, no doubt about it. The only question is where? The Weekly is looking interesting. We managed to close underneath the 200 MA, which is a negative sign. But I know this pair likes surprising everyone, so I will stay a bit cautious, especially with all the news this week: Today - IR decision, Thursday - Ivey PMI...
Ok, less talking on this one. For today or tomorrow only! SELLing with a target of 0.91150. Based on Ichimoku Kinko Hyo target. Keep an eye on the price action!
I think that this could play out well. Not much to discuss here. Catch the break out. This could go both way. Couple of scenarios for you to play with: 1. If the bottom of the triangle will hold strongly, then it will become good support, from which the pair can bounce off. If you will enter that, once your in profit, then I strongly recommend to place your SL...
So, in my yesterday's analysis on the Hourly chart, we managed to fill the little gap that we had. Looking at a bigger scale, this commodity is looking Bullish, but I would like to see some retracement in order for it to shoot even higher. My target for this month is 1370 (maybe 1375 if we're lucky). To be honest, not far to run, from where it is today. But in...
Maybe it will go higher. Who knows... But I think it's US Dollar's time now. There is some potential for this pair to drop, especially to the 2016 May high. That would be ideal. For now, my target is 1.17, but if that won't hold, then 1.16 here we come. I would say it's a good time to enter SHORT. But, there's a big "IF". IF we stay below 1.19103 . If we...
So, the idea with the Head-and-Shoulders worked out nicely. We got our break to the downside. Now the question is, how far we will drop? If applying the standard calculated projection target that comes under the H-a-S rules, then I've marked it with that little box, around the 0.69 are. So far, this pair has been following the text book. Let's see if it will...
Could be or could not, who knows. But I think it could, considering the fact that there is a little gap that we formed, that theoretically, should get filled. But it might not happen. Stay sharp and keep an eye on the price action!
This is just a wonderful commodity to trade. If there were no broker swaps (holding costs) in this, then it would be even better. We had some good selling and now we might recover a bit of that. We are approaching some key levels right now and this could just play out nicely. The level that I'm watching is 4.15 and then higher. If we close above 4.15 strongly,...
It seems that we had a false break out on the WTI. Now, some would argue that it wasn't forming a triangle formation in the first place. Maybe they are right, but everyone tries to interpretate in their way. But let's say, this was a potential triangle and we had a false break out. We're back in that area again. Now, if we will see some buying action happening,...