Silver, technical view - Great R/R. Pattern: Longer term - Triangle formation Pattern: Short term - Bear Flag Resistance areas: 25.50, 26.24 Support areas: 26.24, 22.64, 21.65 (Short term set up - Short) You could wait for daily close and then take the short towards the support areas you feel appropriate. For greater return, you could wait for pull back...
USDCAD - Technical and Fundamental View: Dollar Fundamentals view: - Either way there will be further stimulus I am longer term bearish on the Loonie. - We do have the elections, if Trump goes through and depending on takes over the senate as well is key there will be further reflation trades that will be very interesting to keep in mind and I expect energy...
A requested currency pair - Technical and Fundamental view of USD/INR! Fundamentals: The countries of BRICS are facing a very difficult time especially India due to covid levels - fundamental aspects of there currency: They had kept rates unchanged, I expect that to continue for while. As The dollar decreases, I expect it to follow the trend it is going in...
We are mostly into range areas on most currencies. Technical View: I have been bearish EURJPY for while. Pattern: Bear Flag Target: 200 EMA - It's a key area of support as well. If we were to go below the 200 EMA - 120 areas come into play. (Fib Retracement target area of: 1.618). However, if we rise above I'd be looking towards the areas of 125.050 and...
Technical view of - NZDCAD - Whilst having fun doing my weekend analysis for the week ahead, I do this to plan my week ahead - I'd like to share a good trade opportunity for you for next week! Pattern - Head and shoulders / Bear Flag - Measuring the patterns both = to good Support areas. - If it goes above the areas of where the shoulder should be - the...
Combing the largest market cap companies within Nasdaq - Mentioned as the FAANGs Includes: Facebook, Netflix, Google, Apple and Amazon. There are greatest moves within the markets it's usually when it's the earning season, happens 4 times a yr - December, March, June, and September. That isn't my focus for now... The technical aspect of Nasdaq at this current...
Now don't get too excited we could be in this range till November/December - Let me explain further why? Fundamentally to get the markets moving : - Uncertainty from elections - the polls may not be as trust worthy just like it was yrs ago.. - We are still playing circus act with stimulus (QE) Whilst this plays the same way - we will be in a range until...
Pattern wise: I am looking at this inverse Head and shoulder - Bear in mind the channel down - we really need to break out of that to have dollar strength - If we go above 94.30 and closing above channel down area - Bulls are back in control and my targets for dollar would be between 95-96 area . Lets dig in deeper - If we get dollar strength - EUR 1.15/1.13...
USD/CHF - Most of the majors are brewing to further movement! Technical aspects: At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag. However, For further development regarding CHF Pair - An Inverse H&S...
Short term trade idea: Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area. Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area. Below 11085 Area Bears could come in control with key support areas of: 10930...
What a great pair to trade recently! Let me explain why - Currencies have lacked momentum of volume. Even though, gold has been range bound the moves has been a lot cleaner on scalp trades including silver too. However, today will be very critical which us trades much pay attention. Jackson Hole Summit, Powell to speak today about monetary policies longer term...
GBP - Cable...Yes, we do have further Brexit talks this week...! Regarding Brexit we do have till 15th October - For further information, check Brexit schedule online.. Brexit has been an on going thing that really both sides don't agree on much at all. However, there is time to resolve although for a deal could be looking slim the further we approach the key...
Due to Brexit drama, GBP has given us great technical and fundamental trade ideas. Fundamentally, EU & UK - As normal aren't agreeing on much and we are cutting it fine on timing as the date of 15th October approaches near... Boris had announced perhaps a no deal Brexit wouldn't be as bad...Questionable thought it is...! But they could do a deal last minute,...
Technical outlook towards EUR/MXN We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why? ***Higher time frame indicates shorter time frame of movement! *** Technical outlook: Pattern wise - we are being squeezed within price action of a...
EURJPY - Stuck within a range. At this current moment of time, if you look at the pairs of the majors EURO and YEN, They both actually in a range combining the minor pair EUR/JPY this makes sense to be in a range as well. Fundamentally, we do have the FOMC this week on Wednesday, which could increase the volatility towards these pairs majors and the minor pair...
DXY - Technical Aspects: I feel we are approaching key area now, at this current time..Why? - We are near a trend-line down, if we go above the next trend-line area would be the next resistance areas. - Looking at bulls and bear scenario - Bears - could be bear flag formed measuring - 1.618 area down areas of support (That's if it breaks out of range drawn with...
Hey, we made it through this week! Choppy on precious metals, currencies and indices finally had a minor little pull-back. I did an analysis this past the last time with the possibilities we reach the previous ATH areas - and we did and we went past it and made another all time high...Let me explain what's going on...! Firstly, let's look at technical aspects...
Gold, Gold, Gold......! Well, we made it to Thursday - Finally got that dollar strength..! Hold steady we have NFP tomorrow - This could make or break the beautiful gold dust, not sure if you've heard the song but great motivation. However, back to technical and fundamentals of gold (XAU/USD) Key trend-line up from the daily as well connects nicely, we could...