KeownArcher

KeownArcher Updated 

Each fundamental experiences a pullback prior to continuation. DYDD

KeownArcher

DYDD - Long Regardless

KeownArcher

DYDD.

KeownArcher

Do Your Due Diligence

KeownArcher

Do Your Due Diligence.

KeownArcher Updated 

As mentioned in the previous article, I would drop a screenshot of OIL to use in alignment with the USDCAD trade as they strongly correlate with prices per barrel of oil increases, we expect the USD to drop substantially. As we can see, a pullback seems inevitable however price is still flying to the upside. I will be holding the risk free USDCAD trade through...

KeownArcher Updated 

Today, I'll be starting on technicals and end off on various fundamental factors. So, starting on the 4HR timeframe, we've seen a range of lower lows and lower highs being created with our most recent lower low being formed around the 1.82600 price region. We are now of course, anticipating a lower high to be formed in continuation of the downtrend. The daily and...

KeownArcher

So beginning with fundamentals, this is going to be an interesting pair to watch this week with the OPEC Meetings as well as the crude oil inventories on Wednesday. The discussion on oil being the most volatile topic as the OPEC represents 40% of the worlds oil supply alongside other news events such as FOMC talk and various other data releases. Doing bit of...

KeownArcher

Looking at the fundamentals this week, we have the CPI data as well as the Core CPI data being released on Wednesday with positive forecasts as well as the FOMC Meeting Minutes later that evening. We then have news affecting a variety of currency pairs as we prepare for the OPEC Meetings, otherwise known as the Organisation of Petroleum Exporting Countries. This...

KeownArcher Updated 

So, starting with the fundamentals, we see no major news at the start of the week. However, there is volatile EUR news on Wednesday, with the main refinancing rate being released as well as the Monetary Policy Statement at 12:45 GMT. The Monetary Policy is crucial to understand data on interest rates and inflation. On to the technicals and starting on the daily...

KeownArcher

With the DXY in a crucial area laying in line with the 78.6 % Fibonacci level as well as a potential head & shoulder pattern, we may see this pair shoot to the upside. However, we have breached the descending trend line and closed above. This may be a false breakout or we will see a break & retest to push price higher for the USD. If the latter occurs, we should...

KeownArcher

After seeing price in a clear bear trend since late January, we have finally seen a break & retest of the descending trend line, pushing price close to the daily resistance of 1.04500, creating a new higher high which of course should follow with a higher low. I have hi-lighted the triple spinning tops as this indicates price exhaustion and a reversal /...

KeownArcher

Looking at the DXY ( Dollar Index ) we have a clear rejection off the descending trend line and 78.6 Fibonacci level so I see shorts across majority USDxxx pairs. I believe we can see plentiful downside momentum however we must be aware of NFP. On the chart, you can see I have marked up the 71/88.6% Fibonacci level in the green zone where price has currently...

KeownArcher

Starting off with technicals today, this article will aid the previous gold article posted. After a rally of higher highs and higher lows, we then saw a drive to the 95.75 price region creating a new lower low, with an anticipated lower high possibly forming today depending on the candle closure. With that being said, I have entered short term positions on USD...

KeownArcher

Fridays are not particular days for me to trade and I will only be executing if enough confluence and confirmation is shown. There is medium volatility data releases for the USD seen today so price can either retrace to our favoured regions of 61.8/78.6% Fibonacci level for the most high probability trade or it may break straight through the weekly key hitting...

KeownArcher

With the EUR looking ready to melt, we have however seen a spike to the upside, with BREXIT volatility as well as we saw the USD tumble across the board due to the FOMC statement and the Fed leaving the rates unchanged which should remain the same for the rest of 2019. Subsequently this led to equities rising as the USD weakened. Today, we will see the EU Economic...

KeownArcher

Its been a while since I've looked at the precious metal, Gold. After consolidating between the 1280.00-1290.00 price region, we finally saw a break to the upside. We've steadily been climbing, breaching the weekly key of 1292.25, we then saw slight consolidation around the 78.6% Fibonacci level building up buyers liquidity. This saw price bounce higher, breaking...

KeownArcher

After seeing a series of higher highs and higher lows in a corrective ascending channel, we've now seen a lower high made which could potentially break structure. This was also the 3rd touch off the descending trend line around the 78.6% Fibonacci level. We then saw a break & retest of the ascending channel off the 61.8% Fibonacci level giving us the perfect entry...