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Here is our analysis about sugar. For rising prices in Sugar indicates the following aspects:
increasing trend line
CoT report of the Non Commercials
current support at 13,70
Currently, EURUSD is in a shoulder-head shoulder pattern. If this formation is confirmed and the neckline breaks, the first profit target is at 1.1700. If you trade this pattern by mirroring the height at the neckline, the target is even 1.1500.
After a clear rally, Gold finally reached the support again. Almost every gold trader has the level of 1,300 on the screen and in this area, there is an enormous number of orders, on the one hand stops for all traders that are already long positioned, but also pending orders for long trades. In addition, the level of 1,300 hits the 38 Fibonacci level. Every...
The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities:
1. Direct long positioning and stop loss under the support area
2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under...
In Nikkei, the signs are pointing downwards. There are several signals that indicate falling prices in the Nikkei. On the one hand, the repeatedly tested resistance could not be overcome and on the other hand, the CCI also issued a sales signal.
As a stop loss, the 19,800 is quite good and as a take profit 19,300 is a good choice. This results in an excellent...
Yesterday, a beautiful evening star completed at a resistance level, which resulted in a distinctive swing low from July 2012. Also, the CCI turned again under the +100.
Only the volume does not play quite well because no increasing volume will be seen in the down move.
However, this formation was confirmed with lower prices than yesterday.
Harvey had hit the United States hard, causing serious damage. Now Irma stands almost on the doorstep and could put another one on it. But if Irma Florida should still miss, the damage should not be as high as currently expected in many places.
HD increased strongly and opened an up gap after another. But the momentum and dynamic have been weakening and a nice...
Recently, the Russel2000 and the Nasdaq100 are developing more and more in different directions. Since we expect a weaker stock market in the coming weeks and months and the Nasdaq100 can drop significantly lower, the possibility exists for a spread trade in both assets. The approach is relatively simple: Long in the Russel2000 and short the Nasdaq100.
A beautiful reverse pattern in the EURUSD invites to a short trade.
What are the signs for a short?
perfect evening star formation
CCI turns again below 100
changing monetary policy
How could a trade look like?
There are several possibilities.
Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718
Medium to long-term...
The picture in the palladium is bullish.
The largest use of palladium today is in catalytic converters. Palladium is also used in jewelry, dentistry, watch making, blood sugar test strips, aircraft spark plugs, surgical instruments, and electrical contacts. Palladium is also used to make professional transverse (concert or classical) flutes. As...
The picture in the NZDAUD 0.03% looks interesting and you should pack this currency pair on the watchlist.
Currently, NZDAUD is 0.03% in a 90 pips wide support area and after the rather strong down movements, you may speculate on a counter-movement. If the support zone breaks down sustainably and even a weekly close price is below 0.9050, the path is free until...
The chart shows coffee in a weekly chart over a very long period of time. At the very least, you can see very clearly how important it is to draw support and resistances and trend lines. You can clearly see the trend line that has already been successfully tested more than 3 times. However, there is also an opposite trend line which limits the coffee price into an...
It is always worth a look at the gold-silver ratio. Currently, gold is 76 times more expensive than silver (per ounce). In the past, it has been shown that the area above 78 is an extreme area and can be used for trades. In this case, you would sell gold and buy silver.
In the EURUSD, there are 4 signals for falling prices:
Reversal pattern on weekly chart (bearish engulfing)
CCI breaks 100 from the top
RSI turns in the overbought area
CoT data with commercials in an extreme
Sugar is in a very interesting area. The level of 13 has already worked several times as support or resistance. Add to this the CoT data, which indicates rising prices. Sugar is also supported by a potential trend line.
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