IAmUnchained

IAmUnchained

The Weekly Chart Parallel Channel holds consistent resistance and support lines. The 4-hours chart supports that difficulty of GOLD to break the upper resistance. The RSI also shows overbought condition which supports that theory. Therefore, we have decided to SHORT Gold.

IAmUnchained Updated 

When we look at the Weekly chart, we can see that the pair didn't manage to break above the resistance trend- line, which is also a 0.618 Fibonacci retracement. The RSI 20 also signals a sell sign. It is a good opportunity for a short until 0.656. After that, it will probably raise to 0.660 and then correct again to 0.651 at least.

IAmUnchained Updated 

The tension between U.S.A and Iran seemed to not trouble the dollar against the JPY as it finds support at the bottom of the channel and breaks the 0.618 Fibonacci resistance line. After that breakthrough, we can enter LONG on that trade, keeping an eye about the resistance line at 108.26, and if it breaks through it - we can positively say it will get to...

IAmUnchained Updated 

The assassination of the Iranian terrorist had caused the OIL prices to rise over unexpected consequences of the event on the middle east. Despite that spike in price, we still think there is a good opportunity here for the downfall. If the resistance line breaks, we will get out of the trade. Otherwise, we still in it.

IAmUnchained

Despite the U.S.A assassination which caused a tailspin in the markets, the dollar finds support at the bottom of consolidation area which is a bullish sign. But, it is a very sensitive situation as the world awaits for the Iranian response which will probably will cause the dollar to fall again in such case. We will be watching the dollar closely and if we...

IAmUnchained Updated 

NGAS (Henry Hub) has unsuccessfully tried to break the DEMA 31 line, as highlighted in the chart in the ellipse. After the unsuccessful attempt, it broke down the channel until the 0.786 Fibonacci retracement. Our assumption is that it will continue the downfall until the support line at 2.197. After that, it will be safe to close half or more of the trade,...

IAmUnchained

There are few indicators that lead to the decision to short Crude Oil. First, the chart has performed an unsuccessful attempt to break the 0.618 Fibonacci retracement, which is also a strong resistance line over the years. Second, the RSI, as highlighted, is showing exhaustion at 62.64 points. It is also the resistance in the last pull down. It might be not...