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Safehaven

CHFJPY Sets To Resume Another RallyCHFJPY has just completed a 5-3 "impulse-correction" Elliot wave cycle. The corrective structure was complex and erratic due to the last few weeks of volatility. However, the price seems to make a triple zigzag pattern and rejected 61.8% Fibonacci level that lined up with the weekly support zone. Price has the potential to move higher in five-wave and target above wave A high is plausible in the weeks ahead. Looking for bullish price action at HL will be a good signal to position in this new bullish trend. What's your take on CHFJPY?
Long
by Veejahbee
6
Uncertainty is Strengthening Safe-Haven CurrenciesAfter witnessing the euro depreciating against the dollar for about 2 years, the negative interest rates in the eurozone and the deepening of the global economic slowdown due to the intensifying Covid-19, have made the eurozone an attractive safe-haven currency against the dollar. Apart from the macro-trend, technical analysis have shown that the euro has broke above the long term MA as well as its major trendline. Hence, indicating a potential reversal from its depreciation. For now, we would expect a retest of the support at 1.11900 before prices rising up to potential levels of 1.13900 and 1.15300.
Long
by minjiarui16
1
Buy Bitcoin - Is Bitcoin about to emerge as a modern safe haven?We could be about to descend into a full state of panic in the markets? The uncorrelated nature of Bitcoin could become very attractive to investors as they seek shelter from a global slowdown? This is the time for Bitcoin to step up and prove its worth in my opinion. It maybe an early call but I am preempting the completion on an inverse head and shoulders pattern on the daily chart. I have a neckline that comes in at 10522. A break above here and we start targeting the 2019 high at 13868. Beyond that we are looking at the measured move of the inverse head and shoulders pattern at around 14615, then a 161.8% extension of that pattern at 17144. If those targets are achieved, then it may only be a matter of time before we see a new all time high printed, beyond that, who knows?! The potential right shoulder has corrected by around 50% and we are looking set to close above the 10EMA on the daily chart, which for me is a trigger to get long. Best of luck!
COINBASE:BTCUSDLong
by Investamate
9
Buy TGT @ $113-$114 till 03/09/2020Buy Target Corp at current price of $113-$116 (Avg $114) and hold it approximately till 09.03.2020 to take at $125.0 (+9,6%). Reason of the exact date of 03/09/2020 - is the Avg expected Value (Return) equal to 0.21% daily. So in average the stock will grow by 0.21% daily. I am sure the stock will rise because of the next reasons: 1. sustainable large company one of the leaders in the industry in USA 2. the price plunge is due to the company slightly less than expected forecast for upcoming 4q statement 3. the stock is considered as defensive assset (a.k.a. safe heaven) 4. the stock price is very cheap Although, the price can slump down to $105 per share, so my recommendation is to take more on that level. If it slumps to $105, the average price will be $109,5 stop-loss at $103 (-6%), take profit at $125 (+14%). Have a Good Luck!
NYSE:TGTLong
by Dolmatin1919
Most Exciting News For EGO in a DECADEGood morning traders, today we will cover EGO, a massive gold mining company. EGO let out some big news during a massive week throughout earnings pumping a massive 50%. Not only did EGO release some fantastic news but it just so happened to be after a major breakout which hasn't been tested since 2010. Another impact that should be accounted for is the Coronavirus. As Coronavirus scares grow, economic despair follows. On a side note, EGO just released some pretty big news about their mine Kisladag. Eldorado NYSE:EGO claims they have a plan for a 35% gold production increase. Average Volume: 2.20 million shs Current Volume: 20.22 million shs Eldorado says completed long-cycle heap leach testwork indicates increased heap leach life of mine recovery at Kisladag to ~56% and extends mine life by 15 years through 2034. On an unadjusted basis, Q4 net earnings swung to a $91.2 M profit, mainly attributable to the net $85.2M Kisladag impairment reversal, compared with a $218.2M loss in the year-ago quarter. My Opinion? 10.09 Breakout = Moon Friday we saw EGO touch over $10 a share after-hours, will we wake up to a bag next week? As always
NYSE:EGOLong
by DotcomJack
1
XAUUSD: Testing the Higher High. How to trade the next 10 days.Gold has hit our 1,595.50 Target (as per our last buy call seen at the end of this analysis), and being within a 1D Channel Up since the Iran tensions (RSI = 70.008, MACD = 14.450, ADX = 38.078) is now testing the 1,611.50 Resistance made around Suleimani's death. That is also the start of the Higher High zone of the Channel Up and if broken we expect a final push to 1,633. Technically the Channel Up should then pull back (profit taking also) towards 1,580 for a contact with the 4H MA200 (orange line). If however the Channel Up breaks upwards, then both the candle action and the RSI (as seen on the chart) point towards an aggressive break-out that may extend as high as 1,700. We have highlighted this similarity between fractals on the following study: Our recent buy call as mentioned at the start of the analysis: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSD
by InvestingScope
4
Gold (XAUUSD) buyThe growing number of people infected with coronzvirus will make investors to get into safe-haven assets. USA blame China thet they didn't took a higher response to tje virus. There are also growing fears that the ongoing rally in the equity space – fed by central bank liquidity – are building up to a sharp correction, especially if the Chinese virus is seen to have made a significant dent in global economic activity. I'm aspecting to see the price of gold to take new High around 1.620.
FOREXCOM:XAUUSDLong
by Lotus15
Gold: Weekly Forecast 3rd - 7th February 2020The gold price pulled back and rebounded off just as expected from our previous weekly forecast. With the increased coronavirus fatality, demand continues to rise for safe-haven asset thus boosting the gold price further. Based on the technical chart, we continue to see the price repeating the historical pattern from February 2019 such as the 3-month consolidation and how the price broke out of the consolidation. The gold price peaked somewhere near 1612 and pulled back sharply and fell into a short consolidation where the price will eventually pick up and rise again, just like what it is now. So, if we take the historical pattern into consideration, the gold price which is expected to rise further this week will face strong resistance as it retests the previous high around 1612. The price would then pull back sharply while maintaining a higher-low stance towards 1580 to 1556, and then the price will ride onto another bull-run.
FX:XAUUSD
by AlgoVenture
Yellow Metal Bilateral Chart PatternsThe symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. The market is making lower highs and higher lows which means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. This is also a type of consolidation and two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. January 14th, 2020 based on CFTC non-commercial were reducing their long position after hitting above the extreme level and they were profit-taking but they also reduced their shorts that stabilized price somewhat at the high in the weekly chart. Global risk appetite might somehow be affected by china's natural disaster (virus case) which affected not only humans but various financial markets around the world which hit the risk-off mode situation through the international market couple of weeks. Falling equities, rising Treasurys and safe heavens like the greenback, yen and yellow metal taking most advantage. Seeing the risk currencies like Aussie, euro, pound devaluation which totally indicated to us the overall market situation at the moment but this all should be temporary and soon or later we may see back good risk appetite on the global market which may flip back this all case in no time.
FOREXCOM:XAUUSDShort
by Anatta0
XAUUSD: Short term update. Potential 4H Channel Up.As mentioned on our last analysis ( see it here ), Gold broke into the neutral Triangle area (pink) and 4H turned bullish (RSI = 59.913, MACD = 1.240, ADX = 45.651) as the MA50 got crossed. The 1,563.50 4H Resistance is still holding though and if it doesn't break by tomorrow then we risk invalidating the Channel Up (dashed channel) that has been created. If 1,563.50 breaks then the Channel Up can make a Higher High at 1,573.50. If the Channel Up breaks lower then we remain neutral on the short term, as long as the MA50 (4H) supports. The chart provides all the break out and possible moves you need to know. Our long term outlook on Gold remains bullish (TP = 1,578.50 and 1,595 (medium term)). Our long term projections: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XAUUSDLong
by InvestingScope
2