danielbtrading

danielbtrading

A short outlook on XAUUSD, hopefully seeing this close by EOW.

danielbtrading

A fair bit of movement considering volume for the bank holiday for the UK, however this was irrelevant due to American fundamentals and news moving the markets today. Seeing that large wick on the 4H chart indicates to me that we will see a correction from todays impulse. Looking to ideally ride it to previous lows from last week.

danielbtrading

I do the talking on the chart :)

danielbtrading

On this gold chart I have used higher time frames to try and gauge gold's larger picture as it is consistently retesting 200 EMA however will have to wait and see what happens Sunday night to look for the breakout! Gold was used as much of a safe haven throughout the pandemic, but with crypto currency's becoming all the more popular, are people reinvesting their...

danielbtrading

EURGBP has obviously had an increasing amount of bearish movement, after this slight retracement alongside the flag pattern being hit on support, i'm expecting to see a bearish breakout. OBV is also showing a continuing amount of decreasing volume which could indicate further sell-offs.

danielbtrading

GBPUSD seems to continually be bullish, after Brexit deal finalised and only a slight restraint on lockdown rules, potential for more upwards movement! TVC:DXY continually bearish which backs the bullish potential. Triangle pattern forming including increased spacing on the 20,50,200 ema.

danielbtrading Updated 

Cable has been pushing bullish movement since march and as I've said in previous analysis I think it will continue to do so for a while. However, with America finding its feet again, and the dollar increasing in value, I thin we can expect to see a retest of the lower support. News being released 10 minutes from me posting this which could be a catalyst for this...

danielbtrading

After continually keeping an eye on TVC:DXY and its continual bearish nature, and the current post election uncertainty, I am still going to continue to look bullish on gold. After the double bottom hitting confirmation line and playing out perfectly, I'm looking for the 2000 mark to be hit again with next few weeks, until that point, we play for the dips and...

danielbtrading

What a week! Continual weakening on the TVC:DXY which caused my gold trade to fly through the roof at 320 Pips profit! Ive been thinking a massive economic reversal will be approaching since the lows in March due to the start of the UK's lockdown. My GBPUSD long positions have been consistently benefitting of this as I've been picking up long positions in the...

danielbtrading Updated 

Looks like support levels are holding well with gold. With continuous bearish movement on TVC:DXY we can expect to see some bullish movement on gold. Will have to weather confirmation line is tested, from there can be certain on bullish movement, id imagine testing FOREXCOM:XAUUSD 's 2000 level again.

danielbtrading

EURGBP seems to be breaking out of key support levels, after putting on a regression channel you can see its broken out of a strong supportive trend line. Fundamentally, with Brexit being much in the air right now, we can expect a lot of volatility within this pair. However with the strength on other pairs and the bearish movement I will be looking at shorting...

danielbtrading

I can see a very strong 4 hour bullish backbone which I have looked at for a while now, with the previous highs also creating a resistance level, I'm looking for a bullish breakout. As the markets open tonight I'm expecting to see a little bit of bearish movement to retest the supportive trend line but then if rejected, ideally by a bullish candle, Ill be looking...

danielbtrading

After several strong support levels being held on several GBP pairs, GBP/CHF is a perfect example of that. A strong support level being touched after the march lockdown, which was then later again retested and respected. Im looking at the positive channel movement on GBPCHF, and looking for a long term position also. TP1 is a point to move SL to breakeven as there...

danielbtrading

Looking at the 4 hour chart on GBPUSD, going to see this backbone out long term. We can see several points of support across the trend line, along with a supportive price point from previous low highs. Id expect with the election and a seemingly likely overtake from Biden a weaken in the dollar which will only help this movement, however the UK going into the...

danielbtrading

Looking on the daily chart predominantly to follow the bearish trend confirmed by the 4H chart, however with the election approaching, have to be realistic with outcome. Im expecting after seeing data for gold to weaken as the dollar has a lot of potential for growth, especially with potential surplus's being released to steady out the S&P?

danielbtrading

The GBP/USD chart has recently been moving in a bullish direction on the daily chart since the lowest low in march of 2020 due to the start of a pandemic. Because of this I looked on the 4 hour chart for a potential pull back to go long and follow the positively correlated channel. I used a diagonal line to show the support since march 2020 with a support line on...

danielbtrading

With a lot of volatility in the American markets right now and with commodities being at risk of high volatility, there is a lot of movement to happen. The presidential debate tomrorrow could be a big point in regards to American forecasting for the election and therefore how the country will react. Im looking at shorting gold but being aware of risk for the...

danielbtrading

Looking for a Bullish breakout on the 4 hour chart on GBPCHF, Very strong support level has shown rejection so potential for reversal. We'll wait and see!