ekgencsoy

ekgencsoy

Short term correction is almost over with yellow IV point. In order to complete blue III, we need to finalize yellow V which will high likely to be reached between mid-august to mid-october.

ekgencsoy

NOT A TRADING ADVICE! ONLY FOR EDUCATION PURPOSE... On the age of era where the shine of Angela Merkel wastes away, EU faces big risks not only external but also internal. 1- COVID-19 which is a global issue 2- EU-US trade which I expect to see more tension if Trump wins for second term which is high likely 3- EU-CHINA relations shadowed by US-China trade war...

ekgencsoy Updated 

THIS IS NOT A TRADING ADVICE!!! Please read explanations in the below linked idea.

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Daily view is as show below; risks are still on the table. US10YT is dancing with US3MT. Because of global risks, I do not expect to see easy money in EMs.

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! In my opinion 1st leg of a motive wave from B to C is still forming. As per above chart a subwave has already formed and we are now in correction stage at this subwave. My expected path is shown in turquoise. I believe that december 2018 bottom is B point of an ABC formation. Based on this count, june 2019 top point is wave I of a...

ekgencsoy Updated 

THIS IS NOT A TRADING ADVICE!!! Still following below setup from 31/03/2019

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Daily view of my below linked idea. And a monthly view

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! fred.stlouisfed.org Trade based USD index is on support and I believe it is still bullish. Considering trade issued between US - EU and global demand to USD based on CME EURODOLLAR FUTURES (3 months) I believe strong dollar will continue at this pace.

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Daily chart and idea published in below link

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Update to my previous chart I am still keeping my XAUUSD bullish idea, despite all efforts from FED, US Treasury interest rates still do not look good. invst.ly VOX index does not show a healing sign. invst.ly Fundamentally; China phase one deal is not clear enough, phase two still a big question. China Wuhan virus and...

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! US economy is not showing strong signals of recession, however global trade conflicts are causing problems for the future and risking financial sectors, we are in an era of reshaping world trade. Mr.Bullard from FED, in an interview, expressed that "this time is not different" while talking about recession and yield curve, however...

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Due to the risk of China, NZD & AUD pairs are good to sell the risk. Due to disputes in China Sea, trade problems with US and financial & political (Hong Kong) stability risks in China, risk is high. Technically, Weekly chart starting from May 2014 high, I see the pattern as an ABC correction (zig-zag). On daily chart we are...

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! Fundamentally, I expect that China will wait to see the chance of Trump in presidential elections that is why I do not expect them to agree on trade now. Technically, I have the following reasons to be bullish. Starting from 1953 low, movement seems to be an impulsive wave 12345, we are currently ending wave 4 and starting wave...

ekgencsoy Updated 

THIS IS NOT A TRADING ADVICE!!! I expect to see GBPUSD to move south toward 1.2, fundamentally I can list below items to support weakness in GBP. Brexit uncertainty is the main reason, if Brexit risk eliminated then I believe that GBPUSD will be headed north for a while, but as it seems it will not be possible until autumn. Second uncertainty is Tory...

ekgencsoy Updated 

THIS IS NOT A TRADING ADVICE!!! I tried to find correlation between BTCUSD and many other indices. RED: USDCNY PURPLE: EEMA Emerging Markets Asia index GREEN: 1 / US10Y yield The idea was tension on China may lead money flow to BTC, however USDCNY seems not to correlate. Asia is the leader for electronic payments and new technologies related to coins, EEMA...

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! INFORMATION HERE WILL BE USED FOR A FUTURE AI This is a long term expectation. I expect to see a long correction trend before continuing south. It is not known yet whether ABC correction is a flat or zig-zag. Position of (b) will define it. A deeper (b) wave, even extending south of (a) will let us define the pattern as flat. A...

ekgencsoy

THIS IS NOT A TRADING ADVICE!!! INFORMATION HERE WILL BE USED FOR A FUTURE AI

ekgencsoy Updated 

THIS IS NOT A TRADING ADVICE!!! INFORMATION HERE WILL BE USED FOR A FUTURE AI Larger view chart is available here Short term targets of sub-wave of 1st leg of wave between point 4 and 5.