Lungufx
GOLD UPDATELooks like we have done beautifully for the bearish outlook on gold, well done Lungufx team.
USOIL OUTLOOKI believe that markets may move bullish for the following reasons: (THIS WILL ALSO APPLY TO UK OIL)
The usoil markets have been bullish the past few days, so much so that price has pushed above the resistance created on the 3rd of Jan this year.
markets then retested this now support zone along with the broken resisting trendline.
we also not that the RSI is showing price is above the 50% so more bullish movement is expected
HOWEVER keep in mind market may move bearish if OPEC meeting turns out with a negitive sentiment for oil news at 09:00 CAT and positive for the oil will end up will bullish movement
if bearish movement holds we will see a break below support, a retest then more bearish movement
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fundamentals
TUESDAY, JANUARY 4
09:00 (NB)!!!!
USD OPEC Meeting
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15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
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WEDNESDAY, JANUARY 5
13:15
USD ADP Employment Change(Dec)
14:45
USD Markit PMI Composite(Dec)
USD Markit Services PMI(Dec)
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19:00
USD FOMC Minutes
UKOIL OUTLOOKI believe that markets may move bullish for the following reasons:
The usoil markets have been bullish the past few days, so much so that price has pushed above the resistance created on the 3rd of Jan this year.
markets then retested this now support zone along with the broken resisting trendline.
we also not that the RSI is showing price is above the 50% so more bullish movement is expected
HOWEVER keep in mind market may move bearish if OPEC meeting turns out with a negitive sentiment for oil news at 09:00 CAT and positive for the oil will end up will bullish movement
if bearish movement holds we will see a break below support, a retest then more bearish movement
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fundamentals
TUESDAY, JANUARY 4
09:00 (NB)!!!!
USD OPEC Meeting
------------------------------------------------------------------------------------------------------
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
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WEDNESDAY, JANUARY 5
13:15
USD ADP Employment Change(Dec)
14:45
USD Markit PMI Composite(Dec)
USD Markit Services PMI(Dec)
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19:00
USD FOMC Minutes
NAS100 UPDATEThe analisys has proven true, well done Lungufx team. we are not seeing a reason for markets to be moving bearish however place stop losses in profits.
USDZAR BULLISHLooks we are going to see bullish movement for the USDZAR for the following reasons:
we see the market has broken the the decending triangle and has restested the trend line. and bullish movement is expected to continue bullish if it sentiment sticks to the triditional movement of the decending triangle being a bullish movement
TUESDAY, JANUARY 4
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
USDCAD BULLISHLooks like we would see a bullish move for USDCAD for the following reasons:
the bearish movement has made the price drop to resistance for the third time its important to not that the resistance has been well respected since 26 November 2021.
the RSI has shown us that the market has been way over sold and is most likely to make bullish movement on Monday.
on the 15 min timeframe we are also noticing bullish momentem with the compleation of the w formation.
totaling 3 bullish confluences on the chats.
fundamentals:
TUESDAY, JANUARY 4
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
14:30
CAD Markit Manufacturing PMI(Dec)
BEARISH OUTLOOK ON GOLDlooks like we could see a bearish movement For gold for the following reasons:
market hat come back to retest the trendline making it its third touch on the weekly time frame.
The pull back has come to a well respected trend line created on the 21st of July last year.
Pull back has hit the 61.8% pullback..
the RSI has shown that we are over bought (over 70%) on the 4 and 1 hour chart,
totaling to 4 confirmations on the charts indicating a sell. If we see a bullish break above we will wait for a bull back and then buy
fundamentals
Monday, JANUARY 3
14:45
USD Markit Manufacturing PMI(Dec)
TUESDAY, JANUARY 4
15:00
USD ISM Manufacturing Employment Index(Dec)
USD ISM Manufacturing New Orders Index(Dec)
USD ISM Manufacturing PMI(Dec)
USD ISM Manufacturing Prices Paid(Dec)
us100 sellwith price coming to daily highs, we could defiantly ass a bearish move to come for the next few days
UNIVERSAL BITCOIN MOVEWe are most definitely going to see a bullish move from this pair ahs here is why.
TECHNICALS
- the pair is touching a trendline for the third time on the daily time frame and intraday timeframe along with the support zone
FUNDAMENTALS FO LOOK OUT FOR
TBR (to be released
"LONG" LIVE ETHEREUM Markets have come to retest the bullish flag pattern and support meaning we could see a long opportunity here we will be buying
UNIVERSAL BITCOIN MOVEWe are noting that with bitcoin creating similar moves across the board we are looking to long all available bitcoin pairs our broker lets us trade.
gpbnzd longwe are noticing a great buying opportunity as market is touching the supports of the trend line and support zone line
SILVER...A BULLISH GOLDMINELooks like we can see another bullish run from silver and here is why
the pair has been making strong bearish moves to the support zone and touching the bullish trend line.
the bearish fullback has managed to touch the 61.8% pull back of the fib
the RSI has made a is indicating that the market is well oversold so bulls will start making there moves on moday
fundamentals
MONDAY, NOVEMBER 29
17:00
USD Pending Home Sales (MoM)(Oct)
22:05
USD Fed's Chair Powell speech
TUESDAY, NOVEMBER 3016:00
USD Housing Price Index (MoM)(Sep)
USD S&P /Case-Shiller Home Price Indices (YoY)(Sep)
16:45
USD Chicago Purchasing Managers' Index(Nov)
17:00
USD Consumer Confidence(Nov)
USD Fed's Chair Powell speech
18:30
USD 52-Week Bill Auction
20:00
USD Fed's Clarida speech
more news on fxstreet
USOIL BUY TECHNICALS
The markets have made the amazing bearish move and as expected now let's see what's next for the oil pairs
markets have corn to not only a touching point of support zone but also thee daily bullish trendline and also a pullback to the
the RSI is also indicating that the market is oversold so bulls may see this as a perfect time to buy.
fundamentals
MONDAY, NOVEMBER 29
17:00
USD Pending Home Sales (MoM)(Oct)
22:05
USD Fed's Chair Powell speech
TUESDAY, NOVEMBER 3016:00
USD Housing Price Index (MoM)(Sep)
USD S&P/Case-Shiller Home Price Indices (YoY)(Sep)
16:45
USD Chicago Purchasing Managers' Index(Nov)
17:00
USD Consumer Confidence(Nov)
USD Fed's Chair Powell speech
18:30
USD 52-Week Bill Auction
20:00
USD Fed's Clarida speech
more news on fxstreet
OIL IS BULLISHTECHNICALS
The markets have made the amazing bearish move and as expected now let's see what's next for the oil pairs
markets have corn to not only a touching point of support zone but also thee daily bullish trendline and also a pullback to the 61.8% fib
the RSI is also indicating that the market is oversold so bulls may see this as a perfect time to buy.
fundamentals
N/A
NASDAQ100 SELL UPDATEanalysis is holding strong we could see some bullish movement from Monday but highly doubt that it will create higher high or give indication of a bullish market.
well done lungu fx team
USOIL BUY !!Analysis has come true take profit or place stop losses in profit accordingly.
well; done Lungu FX team!
UKOIL BUY UPDATEAnalysis has come true take profit or place stop losses in profit accordingly.
well; done Lungu FX team!
WHY SOULD I SILVER ??TECHNICALS
A great bullish swing move will soon begin for the following reasons.
- price has come to retest support
- price has come to retest the bullish trendline
- the bearish movement has pushed the price down to the 61.8 pullback
- RSI is indicating that the pair has been oversold which means a strong buy may come in play soon
FUNDAMENTALS TO LOOK OUT FOR
TUESDAY, NOVEMBER 23
14:45
USD Markit Manufacturing PMI(Nov) PREL
USD Markit Services PMI(Nov) PREL
USD Markit PMI Composite(Nov) PREL
USD President Biden speech
WEDNESDAY, NOVEMBER 24
13:30
USD Durable Goods Orders ex Transportation(Oct)
USD Durable Goods Orders ex Defense(Oct)
USD Durable Goods Orders(Oct)
USD Initial Jobless Claims(Nov 19)
USD Nondefense Capital Goods Orders ex Aircraft(Oct)
USD Initial Jobless Claims 4-week average(Nov 19)
USD Gross Domestic Product Annualized(Q3) PREL
15:00
USD Personal Consumption Expenditures - Price Index (YoY)(Oct)
USD Core Personal Consumption Expenditures (QoQ)(Q3) PREL
USD Core Personal Consumption Expenditures - Price Index (MoM)(Oct)
USD Michigan Consumer Sentiment Index(Nov)
USD Personal Income (MoM)(Oct)
USD Gross Domestic Product Price Index(Q3) PREL
USD Personal Consumption Expenditures - Price Index (MoM)(Oct)
USD Personal Consumption Expenditures Prices (QoQ)(Q3) PREL
Home Sales (MoM)(Oct)
USD New Home Sales Change (MoM)(Oct)
USD Core Personal Consumption Expenditures - Price Index (YoY)(Oct)
more news on fx street.
NASDAQ100 SELL UPDATElooks like our call has been proven true nas100 is selling beautifully. update stop losses in profit accordingly
well done lungu fx team!
