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The GOLDEN Arc | Long if ranging, short if trendingSome people may call me obsessed over this rare, precious metal - I like to think of myself as a modern-day GoldRusher. XAUUSD is currently ranging, perhaps because of political uncertainty, perhaps because it's just the way GOLD works. Not taking into consideration the fundamental side of the market, I would tell everyone to go long on XAUUSD right now and ride it up to 1360.00. Forex doesn't work like that, however. We've seen promising reports from the US DOLLAR recently suggesting that it's going to gain strength, grow legs and run away with all other currencies. We're also expecting a speech from Trump later today. Factoring in all of the above, it's almost impossible to say for sure whether XAUUSD will break below the support line, out of the range and into a trend or simply just carry on upwards, and downwards, and upwards, and downwards. Watch this space for a closer look into the XAUUSD graph later today.
FX:XAUUSD
by Chris4XTrading
If you Smart, you Don't Buy OMG ! Hello my favorite traders ;) I will be honest with you, BTC will keep going down for few days. You want to know what to buy ? I will be honest again with you. Usually, when BTC drop, the alts drop too. When BTC goes up, the alts goes up too. But, usually the alts gain more profit than BTC. Thus, we will buy BTC at its lowest. After, we will buy alts. I love beautiful big things. More than it's big and more than I like it. More than I have, more than I want. For me, OMG it's too small. It does not make me vibrate. I want something bigger ;) Personally, OMG is strong when BTC goes down because it haven't drop as much as the other alts. But, when BTC will go up, OMG will not go up as much as the other alts and BTC. So, if you smart, you don't buy OMG. You buy a others atls or hold BTC. This week end, I studded alts. My analysis is perfect, like me ;). When BTC goes down, You want to know what to buy? Add me on telegram ;) Free: web.telegram.org PRIVATE ROOM: write me privately here or my personal telegram : @JadeDD
by JadeDD
12
Dax FiboArc TradingScale your view so that the orange circles intersect with the orange nodes (peak) and with the blue circles. You will notice the arcs act as a support for the waves. I want to show my approach on how I look at declines after a rally. You can notice a resistance at those arcs. In this case, often the 4th down-move does break the circle towards the next one. Sometimes the circle is hit, sometimes the Fibo-Retracement. In the short term we should be Long but once we reach the next Fibo-Arc it might be hard to have a quick recovery. Shall we break out of the circle more rapidly then this could be a short signal. SL is the recent low. If we cross this then this is would be a bad sign as well.
FX:GER30Long
by McDev
CSIQ Neutral for next 14-30 daysA lot going on here. In synopsis: Andrew Pitchforks (Large and mini) are showing sideways or downward trends. Mini H/S showing signs of downward trends. Fibonacci Support at 16.88, with resistance much higher around 20 Fib Arcs are conforming lower and upper resistance in next few days. Action Reaction Method agreeing with potential Upward trend in the near future. Predictions: 4/11: Upward gains up to 17.7 (+2.75%) 4/12-4/22: Swing up or Swing down (IMO: Down, with a potential rally from B to 4) (MACD, RSI, and Stoch all confirm)
NASDAQ:CSIQ
by Bwinks