TheOnlyVince

TheOnlyVince

The way the price bounced on the moving averages and the median line of the modified Schiff pitchfork is a sign of continuation of the uptrend that seems to be in place since last quarter of 2017. Had I to set a target for the continuation of this uptrend I would pick the confluence of the red oblique resistance with the middle median line of the pitchfork at...

TheOnlyVince

The precious metal took quite a hit for the last couple of days. Indeed it lost more than a hundred dollars per ounce since September going literally against it's seasonal end of year rally. Many different drivers are pushing the price of Gold lower, one being the prospect of further rate hikes upcoming in 2018, others being capital flight to other safe heaven...

TheOnlyVince

Weekly technical picture is really interesting! For the last 3 weeks gold has been attacking severely a key resistance zone made of the confluence of multiple technical indicators: upper bound of a mid-term down trending channel and the 200 weekly EMA. The weekly candlestick is a doji, it's a sign of indecision and can often be interpreted as a reversal signal...

TheOnlyVince

Technical picture speaks for itself. SL 1.17 TP at 0.85 and below for the euro haters Fundamentals: Dollar is KING!

TheOnlyVince

This technical picture is great to play the 1.3360 resistance breakout that occurred a couple of days ago. After the breakout the price retraced to the 50% of the last impulsive move and is now stalling right above the 200EMA. The overall trend is bullish which makes it a perfect entry point. In addition to that, the stochastic oscillator is now evolving in...

TheOnlyVince

Both technical picture and fundamentals are in place to get long in AAPL. Technical check the chart it speaks for itself. Fundamentals: US market perma bull, recent tech earnings encouraging (Cf Google), upcoming earnings can potentially trigger a new wave of strong buying. Target@145$ SL@120$ RR1/2

TheOnlyVince

Gold is currently severely attacking a long term support zone made up by the confluence of multiple support lines both horizontal and oblique. If the breakout is confirmed and the price respects the projected supports breakout series initiated early 2013 we can expect the price to drop as low as 970$/ounce. Though the technical picture is pretty bearish, the...

TheOnlyVince

Today the SP500 is seriously attacking the upper bound of the Andrew's pitchfork. This breakout if confirmed could trigger another acceleration in the already strong one sided bullish rally that has been in force since 2009, otherwise in case of fakeout (fake breakout), this could trigger the much awaited market reversal. Beware the near term price action! You...

TheOnlyVince

The technical picture on the CAC shows clear price weakness, the price remains inside a series Andrew's pitchforks and looks determined to head lower. In addition to that, the stochastic oscillator is now in oversold territory which is a signal that more upside potential is limited. From a fundamental point of view the renewal of the Grexit fear could trigger the...

TheOnlyVince

Oil is not my primary area of expertise and i know that currently the fundamentals are clearly bearish after that the OPEC countries agreed this afternoon not to cut their oil production to lift oil prices. As a result oil prices tumbled to post fresh lows below 70$. However looking at the long term picture, we'll notice that the price of oil is now...

TheOnlyVince

Fundamental picture: Following mister Draghi's dovish comments on Friday EUR/USD started a new leg of sell off and resumed its bearish trend. Don't be fooled by the corrective move we have seen this morning following the strong german data beat (IFO and ZEW) consider this as market noise, Draghi is determined to fight for inflation and the return of economic...

TheOnlyVince

USD/ZAR has been up trending for the last two years with the precision of a Swiss watch. The current bullish channel is still in play and the pair is about to test the lower bound of it after two failed attempt to break above the 11.3388 resistance line. Here are the reasons why rebound is soon due: Fundamental background: The Dollar is still supported by the...

TheOnlyVince

The fundamental background didn't really change since the last analysis I published on AUD/USD (see:https://www.tradingview.com/v/9AtmZ0ez/) I'm just making an update following the session of today (19/11/14). Technically the price broke below a key support at 0.8650 as we can see on the daily picture. In lower timeframes this level has been retested a couple of...

TheOnlyVince

SNB is currently under pressure with the current attack of the 1.20 floor on EUR/CHF. Not maintaining this floor would represent a serious credibility risk for the Swiss central bank. According to recent comments from Danthine and Jordan they will do everything to maintain the floor even using "unconventional measures" (like negative interest rate or ultimately...

TheOnlyVince

Here is a really interesting setup where both, the fundamentals and the technical background are in line. Fundamental: Monetary Policy divergence According to RBA official Christopher Kent, the central bank doesn't exclude to intervene. This comes after the RBA commented on the overvaluation of the Aussie recently which is bearish. The countercurrency (USD)...

TheOnlyVince

Gold is on the verge to break below a multi year support. The support line is the blue oblique line on the chart, the latest is currently being attacked and a confirmation of the breakout would trigger a free fall to 1046$-1050$.

TheOnlyVince

GBPUSD broke below the middle median line of the current Modified Schiff pitchfork. This is usually a continuation signal, in this case we should expect more downside potential. Looking at price action we see a short term supply zone just above the entry. The target will be placed at the confluence between the 0.5 downward median line and a mid term support at...

TheOnlyVince

Gold is currently anticipating the end of the QE for today. The price is declining firmly and heading to the the middle median line of the modified Schiff pitchfork where a horizontal support lies too. This area looks interesting for contrarian traders with a bullish bias on the precious metal. The bounce area will be found around 1205$, in case of confirmation...