DonValdez08

DonValdez08

Gold bounced above the 50% retracement around 1208 area. Interestingly, HIGHER LOW has been established upon completion of the Fib Time Zones and formed a HIGHER HIGH to the next time zone. Hence, if the pattern will be respected, and the 50% level provides a STRONG support, buying from the current price is a good idea, forming NEW HIGHER HIGH targeting above...

DonValdez08

TP: 1295-1300

DonValdez08

the Monthly chart of EURUSD is showing a base trendline and could provide some strong support between 1.0700-1.07900. Now is the time to buy on dips as it may revisit and fill the gap on 1.11200 area towards 1.13000 (US Election high)

DonValdez08

Last Friday, US Advance GDP resulted to 2.9 beating expectation of 2.5. However, the rally in US equity was capped by the renewed email controversy of presidential candidate Hillary. Investors are expected to focus back on economic data and the US Dollar may resume its rise as the US election nears. Note: trade setup is only valid for a few days and requires...

DonValdez08

0.77 handle is teasing the bulls to enter for a further upward movement of the Aussie. Now on its fifth attempt and as long as it is not broken we might see a pullback from here again.

DonValdez08

Mosul offensive started today and we may see a disruption in oil output in Iraq (4th OPEC largest producer). ISIS may destroy oil facilities (Mosul-Haifa oil pipeline) and burn oil wells in retaliation to the Iraqi forces. If and when Crude Oil breaks and close above 51.50. Break out BUY towards 54-56.

DonValdez08

We may see a major hurdle to breach 1.0000 following 2 failed attempts as seen on the chart. With so, bias is on the sell side targeting 0.9700-0.9800 area.

DonValdez08

EUR formed a bearish candle yesterday despite the dismal NFP report last Friday. Moreover, it closed below the descending triangle suggesting a continuation of the downward trend. Immediate support is seen at 1.11000 following 1.10500 and 1.10000 respectively. On the upside, a bounce toward 1.11500 and 1.12000 will give an opportunity for sellers to load up while...

DonValdez08

The aussie dollar will be under pressure following the huge decline in spot gold during US trading yesterday. Sell on rallies any price below 0.775 targeting 0.75. Oi!

DonValdez08

Possible continuation of rally last Friday following Deutsche Bank's US settlement report. Target 1.13500 area

DonValdez08

SELL @ 101.50 TP @ 100.700

DonValdez08

TP: 1.30900-1.31000 SL/LOCK: 1-29850

DonValdez08

As you know, the #FED is poised for a #ratehike before the year ends. By all circumstances and they pull the trigger on Dec 2016 we may see a repeat of Q4 2015 price action. #XAUUSD will fall before rallying up. This time breaching 1400 level come 2017. First hurdle is 1325 breaking YELLOW trendline. 2nd is breaking descending triangle, 1300 psychological...

DonValdez08

Market could start to price-in a rate hike by Dec. as suggested by the FOMC statement last night. Coupled with actual OI positions, I suspect EURUSD to fall from today's high of 1.12500 to 1.10000 in a few days.

DonValdez08

2 scenarios can unfold in the coming weeks. 1st: EUR will shoot to 1.15 before retracing The case for a EURO to soar is if the FED maintain its rate this month and October and continuous sell-off in the stock market. And when the US election comes, investors will probably buy the USD specially if Trump will win the US presidency. 2nd: EUR will fall to 1.09...

DonValdez08

According to research, September is the month where stock performs the poorest. Investors tend to averse risk during this period on following theories & events: (1) Light trading volume during summer month. (2) Fiscal year-end for mutual funds, thereby closing losing positions. (3) The FED will likely hold interest rate hike after a dismal result last Friday....

DonValdez08

Here are the areas where price will likely find its support & resistance based on Friday's volume. Trade at your own risk.

DonValdez08

Following Yellen's commentary, we may see the markets move-in and price possible rate hike before 2016 ends. Hence corrective action is seen on the EUR and return to July-August price band.