dynamiquebd

dynamiquebd Updated 

I hope the chart says it all. The index of net position is calculated on a 26 weeks look back period. it ranks the current net position on a scale of 0-100% with in the last 26 weeks. A reading below 50% represents a bearish zone while above 50% represents a bullish zone. The index can also help identify extreme levels. 0-20% represents a bearish extreme while...

dynamiquebd Updated 

The chart is self explanatory. the hedge funds still have huge long positions on the precious metals. Net long positions as at 7th January 2020 stood at 322k above its 13 weeks, 52 weeks and 156 weeks Moving Average (290k,208k and 150k respectively). The close of today's price has formed a rejection candle at the previous month's high around 1533 level. The...

dynamiquebd Updated 

The last balance of trade report may spur the buying sentiments of the hedge funds for the Sterling. The BOT report exceeded forecast as actual stood at GBP4.03B as against -3B forecast. The hedge funds have been accumulating long positions on the Sterling since 24 December 2019. Price have hoovered around previous months lows. We could see price push up

dynamiquebd Updated 

The Commitment of Traders report released on September 3, 2019 was reviewed. Non-Commercials shift sentiments dropping to a Net Position of -5k. The technicals support a crossing of price below the Kijun-Sen Cloud and Sekou Span. Brexit conversations stil remains a major concern.

dynamiquebd

There's is strong retail pressure to short Gold but the Non-Commercials are adding more long positions to drive the price higher. You could watch my video analysis too

dynamiquebd Updated 

Fundamentally, i believe the price of the commodity may be driven by investor seeking our safe havens as alternative investments (Ooops! don't have the facts). technically, Its almost general consensus that the price of XAGUSD may continue to trend higher. we may see prices target the 17 price levels. I decided to step back a little to observe the trend of...

dynamiquebd

USDCAD is at a point of resistance. An harmonic pattern spotted within the long term channel on the daily timeframe. A target of 130303 may be in order

dynamiquebd Updated 

The USDCAD has been in a range between 38 and 129 fibo levels up until late December after an upward move that started in September 2017 . Recent strengthening witnessed in the CAD may have been due to activities in the Crude oil market that saw a surge in prices TVC:USOIL as a result of supply disruption in Nigeria and Libya which led to oil prices trending...

dynamiquebd Updated 

The AUDUSD has been suppressed for a while due to price momentum in favor of the USD. The Aussie presents a cross of opportunity to go long. On the daily time frame we see price swinging downwards within a channel since January 2018 while a butterfly pattern maybe present on the 4H time frame. A buy decision may represent a counter trend but both set up coincide...

dynamiquebd

We have been following the USDCAD within the trend channel that began in May. based on price action we expect that price will break below the mid line of the channel at 1.30600 level and continue in the down trend. A bearish head and shoulder pattern was observed to support the down trend. we will be following the news events for the week especially for the CAD...