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reneordosgoitia

surprising cuts on oil inventories in United States, an agreement between Iran, Rusia and Saudi Arabia; we have to remember, that the biggest downside movement, went in a moment of geopolitical tensions between the two biggest OPECs members, now they support the idea to cut production, so it will bring strong pressure to a rebound in the oil price. BUT, i dont...

reneordosgoitia

Few days ago, the CDS for Deustche Bank went up with an strong movement. This is explained because the huge amount of receivable the bank has. The market had anticipated the CDS rise, if we see the price DBKD, we can appreciate a solid momentum to the downside. So, this kind of problem, will bring disadvantages to the Eurozone, low GDP growth and low inflation,...

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The pair is inside a triangle that will be break in any moment. My point of view; according to the previous trend direction, is that it is going to break the area in upside direction, but then, it will react in a downtrend resistance area created from a past downtrend support area, at this point, short on GBPUSD.

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The USDCAD is providing a optimism trend for the Canadian Dollar, so, what i am looking for, is for a good entry, in order to makes significant Pips. 1.4000 is a psycological barrier, that could create a new resistance area for take te short.

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Right now, you should just think in shorts area with the USDCAD, the price of 1.4000, is a psychological barrier, it could creare a resistance zone for take a short position.

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The bearish structure is behaving a similar movement, according to the retracemente of the previous trendline(marked with the fibonacci lines), so the idea is to sell the break even in short, once the price hit the downtrend line, until the 61% por the Fib, and in this price, wait to hit again the trendline, and wait until it break the downtrend line.

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What do you think about this tack?

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Is very important to place very well the entry, i suggest to place it near to 1.9000. After it make the retracement, I think it would broke the butterfly pattern.

reneordosgoitia

USDCAD is going to 1.4000 price, this kind of price always create a support/resistance area, once it break that price, sell it.

reneordosgoitia

What do you think about this appreciation?. One of the most awesome things about trade, is all the different opinion a chart can have.

reneordosgoitia

The WTI had broke its resistance area of 30USD.Weak growth rate in China (lower in 25 years), better relationship between Iran and NATO, are the principal news for the break off in this picological barrier, but it would not go down clean, the price is going to have reversal pattern before touch 20USD. According to a previous resistance area produced between 2003...

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1) The wave behavior, show us a retracement of 61.8% from previous downtrend movement in the 240 chart. 2) In the same way, we can see the break up of a support area in the price area of 169.506. 3) So, the 61.8% retracement area of the last downtrend movement, is in the same support area that had been broken off. This area, would be the SHORT ON GBPJPY.

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USDCAD had been in a devaluation rally for many days, but the reversal pattern could show up in the trend line marked. Creating a new scene of support and resistance.

reneordosgoitia

Technical analysts said that the market discount the economics events with its behavior. In that order of ideas, we can see that the GBPUSD is going to an important support area, the same price at financial crisis periods. The last economics announces show no signs for that behavior. So what could be going on ? In any case, that is an important area, so we need...

reneordosgoitia

EURUSD is going to a new resistance area, in that moment, is the place for take the short position.