DXY US CPI and Retail data reveal slowing economic activities in United State. Obviously, it may be a concern of strong trend on dollar, moreover, the FOMC minute will be a critical signal to DXY next week. In other way, there are no any incentive to Euro or Yen to push up in recent days, that's why dollar easily got strength to rise, but once Euro zone or US...
USOIL Oil is get in the reversal horizon, so its got chance to short it for the second downward. Short it around 54.08 and look for 54.36 support. Wish everyone have nice Valentines day :)
GBPUSD Pound is getting close to the Fib 0.5 price around 1.2800, and it may have change to bounce for Thursday and Friday. In short-term trading, we can start take long position at support area to make profit. Support: 1.2738 / 1.2794 Resistance: 1.2845 / 1.2878 Like if you trade, make Ideas or comments with me :D
XAUUSD Gold is in the final form for next trend continues. Gold test trend line pressure again today, the resistance will mitigate by numerous testing in recent days. Therefore, gold may have probability to breakout the trend line pressure and rising to 1317 or more in US trading horizon. Try to long it for a little stop loss. Like if you trade, make Ideas or...
USOIL Oil got weak bounce in the Asia and Euro trading zone and didn't have enough power to test resistance area. Oil would probably waiting the EIA to exert rising energy, but once can't break the 54.26 or can't keep above 54.00, then oil will still fall back to today's low. In the analysis I present on previous day, oil still in the Triple Top pattern range, so...
USOIL Short NOW!!! U may see the analysis I gave on 2/10 about OIL trend. Like if you trade, make Ideas or comments with me :D
USOIL Oil got fake break pattern yesterday and keep stand above 51.90 for 3 days. It will anticipate to get strong and close above 52.40. Estimate 2 path for oil bounce: 1.Strong one, price can't break 52.30 and rise to test resistance. 2.Price retrace too deep to trend line support around at 52.00~51.90, in this path, the rising energy will not enough to back...
USDJPY Yen just breakout the triangle pattern at Euro trading time, so it may have chance to push up in US market open. Long for short-term profit will not be a problem in this breakout signal, therefore, waiting for the position to long and concerning about the 103.3 resistance whether breakout or not. Like if you trade, make Ideas or comments with me :D
XAUUSD Gold got downward pressure in the Asia and Euro trading time, therefore, it may be weaken again in US time. High probability to test 1302 low or 1300 mind support zone. So, short first at reversal horizon or around 1309. Be ware of 1305 breakout to 1302~1300. Like if you trade, make Ideas or comments with me :D
USOIL OIL seems will have correction in the following days, may reveal Triple Top pattern. It‘s rising for 46 days til now after touch 41.70 low, however, it just exceed the horizon which last downtrend continues and achieve half of it. Also oil got the Fib 0.382 pressure and fall back, consequently, oil may have correction for recent uptrend. Therefore, I...
XAUUSD Gold break the downward trend line! Consider to long for it at 1310 / SL 1307 / 1315. Once 1312 break, 1315 will be the next resistance.
GBPUSD Pound just complete the correction to 1.2870 yesterday, so it will have chance to start second uptrend to test trend line resistance at 1.3000 and 1.3050. So long GBPUD first for second rising opportunity, and anticipate pound will close above 1.2950 today. Another long opportunity is at chart time around at 12:00. Support: 1.2900 / 1.2925 Resistance:...
XAUUSD Gold lack one more correction in recent downward trend. Gold challenge 1302 at euro trading time, but 1302 is not the satisfied point in this correction, obviously see the downward channel, the bounce point is around 1300. So gold may have another retrace to test low 1302 and 1300. Short at reversal horizon around chart time 13:00~13:30, or...
GBPUSD Pound break downward wedge trend yesterday, it shows it need a correction to 1.2900 or more to 1.2880. In the weakness trend, GBPUSD may not have chance to bounce up, so u may not got nice price to short. The best strategy is follow the time, not the price, according to market timing law, the chart time around at 08:00~08:30 will be the reversal time...
USOIL Oil triple top pattern show up, so it will be weakness today. Short partial right now!! Keep another position till reversal horizon to short at chart time 10:00. 53.84 don't break will be the weakness downward trend. Watch out the neck line break and EIA today. Support: 52.55 / 53.07 / neck line 53.35 Like if you trade, make Ideas or comments with me :D\u2028
USOIL Two feet show up and just confirm minutes ago. Long for sure around at 54.74 and target high or 56.00. Happy Chinese New Year~ Like if you trade, make Ideas or comments with me :D
USOIL Oil boosted at Friday night, and close at weekly new high almost approach to 56.00, the short-term trend satisfied point. Monday may have another chance to participate short-term long opportunities, if trend get fulfill, it will have correction at Tuesday. Be ware of Asia trading time, if oil pull back, just long at 54.70~54.80 and waiting Euro zone to...
XAUUSD As I mentioned at Friday, gold will test FED support area for correction. Its obviously do short for trading today, cuz Asia and Euro trading time keep downward and approach to 1309. Due to gold custom law, it will bounce around at 13:00 chart time, you may have chance to long to pursue short-term profit. But I recommend to short till bounce to 1313, if...