After the phase 1 deal with China, we should expect a 'PHASE 2' to appear not anytime sooner. It would take probably months. Regardless of how bad phase one was in terms of how it dealt with the tariffs, it is strengthening relations between US and China. This is very safe Havens negative in the long run.
NZDUSD is respecting the parallel downtrend, I've a short open and I will add more position if we break the 1st level of support.
Picture is saying it all! Entry: 1.92500 TP: 1.81000 SL: Open Note: Long term trade, use small lot size!
GBPCHF - Long term shorting opportunity, picture is saying it all! Entry: 1.29500 TP1: 1.24500 TP2: 1.17000 SL: Open Note: Long term trade, use small lot size!
Gold - the last great buying opportunity is going on.
Expecting a bounce from weekly major demand zone on weekly chart.
BTC is forming a descending triangle pattern, mostly BTC will go back to $6k~7k level before the next bull run. Halving event date: 16 May 2020; so whales will crash the market before 16th May. If they don't crash, then there will be stronger FOMO, so they won't let it happen. BTC will crash, so people will get out and whales will accumulate. Currently whales are...
USDCAD has been holding the support of 400 EMA and has bounced multiple times from it (timeframe: 1H & 4H). The 200 EMA has crossed 400 EMA now on hourly chart, we are taking a long here. Target is 1.33000 area.
The kingdom's oil production has dropped by 5.7 million barrels a day, or 5% of daily world supply after Saturday's drone strikes on two processing facilities. As Riyadh and Washington point the finger at Tehran, the price of oil is set to rise. The financial channel CNBC cited several energy analysts as saying that oil prices could immediately spike by $5-$10...
EURCHF has successfully broken the descending channel on the daily chart. Expecting it to revisit 1.15000 area first and then after a clear breakout of first area, it will be moving towards 1.50000 area. Have a long way to go, good luck everyone!
EURAUD has touched the main uptrend line and effectively bounced from the support. If today's daily candle closes above the trendline, I'll take a long position. Stochastic RSI is also showing oversold condition. TP1: 1.64000 area TP2: 1.66000 area
EURCHF has already broken the uptrend channel, created double top and later given a lower top. So hopefully it will break the support. Then we can expect it to go to at-least 1.08600 level. Also MACD is showing bearish divergence and Stochastic RSI is moving towards oversold region from overbought. I'll take a short position after a clear breakout of the support.
NZDCAD has bounced from an import support level. So, we will be following the new uptrend line. TP will be within Fibo 61.8% level. One more thing to mention, AUD is stronger than CAD, AUDCAD has broken the ascending triangle and has formed a new uptrend, next NZD is stronger than AUD because AUDNZD is getting a pullback from major resistance level (on higher...
EURAUD touched the upper line of the parallel trend channel and got a big rejection. I'll take a short position here. TP: 1.60000 area.
AUDNZD has reached a strong resistance level. I'm expecting a pullback from this level. Also, Stochastic RSI is showing overbought condition and MACD is having e a bearish crossover.
XAUUSD is following the uptrend line nicely and hasn't broken it yet. Price has bounced sharply from the cross of current uptrend line and current support level, similar with the previous bounce from $1400 level. We are taking long positions from here and the target is $1600 level.
GBPUSD is forming Inverse H&S on 1D chart, plus: 1. Last two daily candles => Doji + Bull 2. Stochastic RSI => Oversold My target is 1.30000 figure for this long...