Get started

Safehaven

GOLD - Don't Sell Now! - Video Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes. on H4: GOLD is forming a wedge pattern in red so we are waiting for a new swing to form around it to consider it objective/valid. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone. As price approaches our lower green support, we will be looking for buy setups. Good luck!
OANDA:XAUUSDShort
by TheSignalyst
15
Hello $2075 The 'Stimulus Optimism Trade' is back Around the world, major fiat currencies are looking at major devaluation. In the US, a stimulus deal is in the works with a bipartisan group of lawmakers in discussions for $900+ billion deal to stimulate the economy. Last month's jobs report showed that economic recovery is slowing down. This may have tipped Democrats and Republicans to considering more stimulus. On the other side of the Atlantic, the EU has been working on a stimulus deal. However, the plan may flop as Hungary & Poland threatening to veto the deal. Reports from Brussels say that policymakers are working to circumvent the two countries. Should the deal go through, the EURO will be under pressure. Japan's Suga run into problems with convincing lawmakers in the country to approve a $900b deal. His approval ratings are low as second wave of coronavirus spreads in Japan. However, this will put more pressure on lawmakers to pass the stimulus bill. What's up with Central Banks? The FED, ECB & BOJ are expected to keep rates low this month. These banks also hold an unprecedented level of assets in form of treasuries and stocks. They won't stop buying until they are convinced that recovery has been achieved. Why is all these important? The DXY, EURO & JPY are some of the most used currencies in the world. The actions by governments around the world will devalue currencies leaving metal Commodities as the best safe havens. I expect XAUUSD to break the ATHs in 2021 through to 2023.
FOREXCOM:XAUUSDLong
by GrizzlyBearBee
1
Weekly Market recap 10: Here we go!What's happening Last week marked the beginning of the continuation of the long-term downtrend in safe-havens. The market already offered short-term momentum opportunities at the initial move after DXY broke down the last support at 91.75. Currently, we're experiencing the first stop or apparently a minor pullback in the global risk assets, as each major asset tests its respective resistance level (support in case of safe-havens). DXY is mildly rebounding from the support around 90.50. Traders should be ready for decisive actions this week as the trend in risk assets (or a downtrend in DXY) may resume in any moment. Action plan There are two major price action scenarios I'd be interested in trading: a)Breakout of the current resistance level and the trend continuation. In the case of Indices, it pertains only to those, that are not overextended, such as DAX, S&P500 & NASDAQ100. If you look at Nikkei 225, it's been one of the strongest Asian markets since the beginning of November, so it'd be natural if it corrects before the trend continuation. b)Reversal of the short-term uptrend of the safe-havens in the context of selling the pullback of the long-term downtrend. For example, if DXY approaches 91.75, look for short-sell setups in USD and JPY pairs.
TVC:DXYShort
by Cherry94
SHAUSDT chart sums up 2 of my favorite chart patterns...Double bottoms with wedge breakouts are always potent patterns to trade IMHO. This one looks really good. One can wait for another leg down before looking for a buy signal but today's candle looks like it will be a nice bullish candle which can be a buy signal too (better to wait for the day's close). First target if price rallies from here is the wedge high or the double-bottom neckline. We then see if market breaks the neckline for a measured move up.
SLong
by thedailychartist
1
SILVER Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: SILVER is sitting around strong demand in green so we will be looking for buy setups on lower timeframes. on H1: SILVER is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing to form around it to consider it valid. Trigger: Waiting for a momentum candle close above the gray area to buy. and until the buy is activated, this one would be overall bearish. and as price approaches the upper blue resistance, we will be looking for sell setups on lower timeframes. Good luck!
OANDA:XAGUSDLong
by TheSignalyst
4
BITCOIN POSSIBLE REVERSALHello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: BTCUSD is sitting around a strong resistance in blue so we will be looking for sell setups on lower timeframes. and round number - all time high - 20k! on M30: BTCUSD is forming a trendline in red (not valid yet) so we will be waiting for a third swing to form around it to consider it valid and sell on its break downward. Trigger: Waiting for a momentum candle close below the gray area to sell. NB: Until the sell is activated, this one would be overall bullish. Good luck!
BITSTAMP:BTCUSDShort
by TheSignalyst
5
Buy Idea: GBPCHF analysis for 2021On high possibility of a good Brexil Deal and COVID-19 vaccine roll-out around the world, it will be easier for the Cable to gain strength against the Swiss Franc, a safe haven currency. However, a 0.236 fibonacci level resistance of the previous 5-YEAR bearish run prevents the medium-term bulls from taking control. The level is also a 0.5 Fibonacci level resistance from a bear drop since last year. A breach of this zone will open up the 2020 Highs once more.
Long
by GrizzlyBearBee
2
Short on Pullback & Fundamental Update on JPYTechnicals: -Respectable descending TL, pullback for a retest expected -0.618 fib retracement -Previous support now acting as resistance -MA50 supporting the bearish trend very well with further downside expectancy Fundamentals: Investors started moving their money into "safe haven" currencies (such as the USD & JPY) due to the upcoming election, the fiscal stimulus talks, and the recent European lockdowns. With so much uncertainty across the board, the safest option we have is to continue shorting currency pairs trading against USD & JPY, hence one of the reasons for shorting EURJPY.
Short
by Proszi
Weekly Market recap 5: Still at the crossroads of the sentimentsWhere we are, and "if-thens" Since the last week, the sentiment hasn't changed too dramatically, looking at the technical picture of DXY, I still see it as a range in a medium-term. Although, DXY crept down, closer to the "orange" line of defence (see the orange long-term trendline). Along with the stabilizing S&P500 index (The stock index has had the classic negative correlation with the DXY since the crash in March), DXY gives me reasons to have a short-term bearish bias, hence likely transition to risk appetite. If DXY closes below the orange trendline (around 92.2), it will be a strong sign of the beginning of a bearish market in USD. The last line of defence is around 91.7 (Sep 1 low). On the contrary, if DXY manages to close above the long-term trendline of the downtrend which started in March, I'd consider buying USD. I would need additional confirmations of course, as it is still a range market. Such confirmations may include reaching 94.00 level. The highlighters of sentiments A)If we bet on risk Say DXY would continue the downtrend, and we enter the risk appetite sentiment. What do we short USD against? Let's look at the most common risk duet of AUD and NZD (see the AUDNZD chart). If you zoom out a bit, the first thing you notice is the range, gradually descending channel. It tells us that AUD has been weaker in the long term and it's better to be long NZD in general. MA(100) is playing the role of the "mean" here. For short-term trading, it's nice to take into account how far the pair is from the mean. A good AUD-short would be after the candle reversal pattern (I marked the last one with the grey area) was formed near the upper border of the channel. Generally speaking, the further AUDNZD from the mean, the clearer it is what to buy to ride the risk appetite sentiment. B) If we bet on safe-havens Look at the long-term chart of USDJPY. USD has been pressured since 2015. Therefore I'd prefer going long JPY if risk aversion activates. However, I may still consider buying USD if USDJPY breaks the 5 years descending trendline. Summing up Eventually, follow the hints of DXY and then choose the most diverged currencies by their relative strength or weakness. For example, if risk aversion starts, I'd focus on shorting the weakest one (most likely USD) against relatively strongest one (let's say NZD). Adjust it to the short-term sentiments of European currencies and CAD, and you have a road map to find numerous additional setups.
by Cherry94
Head and shoulders may be formingI'm expecting DXY strength in the next few days with stimulus hopes before elections in the US fall. The YM1!, NQ1! & ES1! are struggling to hold on to a critical support level and if they breach the supports, further downside will lead for more DXY demand ES1! -> YM1! - > NQ1! -> Parts of Europe are heading for lockdowns with some countries have already implemented lockdowns. The demand for the oil linked currency will be low as movement becomes more restricted.
Long
by GrizzlyBearBee
USDJPY to Range before Further DownsideUSDJPY fell last week after rejection from a 3-month falling trendline but found support just above 105. The yen has gained across all major peers amid growing uncertainties due to the pandemic and political turmoil in the US and Eurozone such as the US election and the Brexit talk. However, the dollar rose too on safe-haven demand which therefore causing USDJPY to stuck in a range. However, the price has reflected that the yen will eventually strengthen against the dollar ever since the pandemic broke out. We expect the market to rebound a little higher towards the 105.6 - 105.8 region before it provides more downside movement.
Short
by AlgoVenture