trading2day

trading2day 51 views ・

With oscillators diverging I will be expecting Wheat to reach 380 or lower again to look for long positions expecting finally a breakout out of the long-term wedge pattern. On the other hand if the low is already in, I will be waiting for a break out above the wedge and above the weekly Ichimoku cloud to go long. The upside is expected to be explosive. For now I...

trading2day 101 views ・

The Dollar index rise of the last few sessions is near completion if not already finished at 101.47. A pull back towards 98 is expected at least if not a full scale reversal towards 90. This bearish view will only be confirmed on a break below the blue upward sloping trend line support. This is not the time to be buying Dollar. On the contrary this is the time to sell.

trading2day 235 views ・

Gold price has most probably completed or is near completion of wave 2 down. Wave 3 up should follow targeting $1,400-$1,500. Confirmation will come once price breaks above the long-term red trend line resistance. $1,220-$1,170 is the area where I expect price to start the reversal.