hugh_me

hugh_me Updated 

Why I am going short on USDCHF? Well first of all it breaks below its upward trend line, the trend line was in place since Oct 2018 and now after almost 9 months price breaks below that level, it already had a pull back and now ready to go lower. The second reason is from price action point of view market is clearly making lower highs and lower lows which is the...

hugh_me Updated 

As you probably know for the last 3 years USDJPY was under pressure inside a symmetric triangle. During this time it bounced couple of times between upper side and lower side of the triangle and everytime moved couple of hundreds pips. Recently it seems breaking below the lower side for the first time in the last 3 years. It can be a significant sign for a massive...

hugh_me Updated 

EURAUD has reached to one of its strongest resistance zone. In the past few years price fell down sharply after reaching this point in several occasions. Now again market is in this area. If you look at the oscillators like RSI, MACD, Stochastic on the chart to measure the energy of the market, you see divergences and RSI overbought which all means market...

hugh_me Updated 

Technical Analysis: 1) Gold reached to an area of 1355 to 1365 dollar which has been its resistance area for the past few years. 2) Oscillators are showing the energy of the market dropped and we see some over bought signals as well. 3) From Elliot wave perspective market completed a 5 waves and now ready for correction. 4) If you draw Fibonacci expansion you can...

hugh_me Updated 

Well as you can see in the picture there are couple of signals to go long on EURCHF, the first one is price is reached to the bottom of its channel. Secondly there is a candle with long lower shadow which is indicating buyers are strong on that level. 3rd signal is a green candle is under development today following that long leg red candle yesterday. The 4th...

hugh_me Updated 

Last night as markets were closed, Trump said they reached an agreement with Mexico so he is suspending the tariff against them. This is a very good news for markets. We also had weak NFP report on Friday and FOMC shows interest on cutting the rates. All means we will see a Green day on Monday most likely. Ready to buy Dowjones.