GBPCHF Long IdeaHi everyone I had an idea on going long on GBPCHF, here is my analysis:
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
Safehaven
XAUUSD: Short term buy. 1H Channel Up.Gold opened lower today but the downtrend was contained on Friday's 1,546.50 Support. The rebound creates a Channel Up on the 1H chart (RSI = 48.937, ADX = 41.707, Highs/Lows = 0.0000) which if it manages to break 1,561 again (Soleimani's death Gap), it can make a new Higher High. The MACD is also rolling over to a bullish cross. The short term Target now is 1,565.50.
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GOLD: Thermometer of World Economic Sentiment (II)Hi Guys,
the narrative of this post is the same applied to my post dated April 13, 2019 (below)
Financial Crisis have driven Gold price up. CBs around the world have responded by implementing policies aimed to stabilize the financial System.
The run started after the collapse of investment bank Lehman Brother when Gold retraced from 1032 to 730 in 2008. It took three years to get to 1920, then...profit taking in Sept.2011!
In 2012 skepticism was surrounding the policies implemented by CBs and for 18 months Gold was supported at 1570/1550.
Finally at the beginning of 2013 demand for safe haven dropped and Gold dived to reach 1046 in 2016.
After 4 years since 1046, Gold is now back at 1570/1550, previous support between 2012 and 2013 now become resistance.
Click & Play the followings to watch price unfold
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold Bulls Haven't Give Up YetThe chart above reveals Gold entire rally since August 2018. The price which is in wave (v), the last phase of an impulsive structure is till in the making.
Elliot Wave is Fractal in nature, that is, every wave has an internal sub-wave of lower degree.
In Gold case, wave (v) is not completed yet as the recent rally is just in three-wave. So the price is expected to make a corrective wave iv and resume higher in wave v to complete a five-wave structure in wave (v) of C.
Wave (v) is expected to find resistance at 0.618 Fib extension around $1687 per ounce.
Do you think Gold has completed the five-wave structure already?
Will Silver Reach $22 Per Ounce?The daily chart above shows Silver's entire rally from November 2018 low. As visible, the price appears to be forming a textbook five-wave impulse pattern, labeled (i)-(ii)-(iii)-(iv)-(v). The sub-wave of wave (i) and (iii) are also visible while wave (v) is still unfolding.
According to Elliot Wave theory, wave (v) should exceed wave (iii) high, in Silver case price is still in the middle which means that the recent rally is just sub-wave "i" of wave (v).
Once sub-wave ii correction is completed around 50 - 78.6% Fib ratio, price is expected to resume higher in wave iii. Wave (v) will most likely find resistance within the gray resistance zone that lined up with upper ascending channel resistance around $21-$22.
What's your thought about Silver?
ORBEX: EU/UK Free-Trade Agreement Under ThreatWith US-Iran de-escalation traders shift their focus on Brexit talks and safe-haven outflows!
The new EC President threw doubt into a free-trade agreement in her visit in the UK to initiate talks. And this could have a reversal effect on the uncertainty we saw removed over the past few weeks.
Watch me analyze GBPNZD and CADJPY for further technical insights and as I apply Elliott waves.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Gold is cruelHi Guys,
It's Dec.24th, Christmas Eve, and Gold has just crossed the descending trendline of the following chart ( Click & Play it to watch it unfold )
The breakout have written "buy me" all over it. It could easly climb back above 1500 considering the current bullish outlook. There is no doubt that such a move will attract lots of buyers aiming for highs above 1560.
I was expecting a drop in Gold when US and China announced Phase One of the Trade Deal on Dec.13. I was bearish on Gold when UK elections delivered a conservative majority. I thought these factors would have removed uncertainties and favoured risk appetite therefore away from safehaven. But they did not. Gold resisted well at all these bearish forces including NFP above expectations and it has breached the descending trendline right on Christmas Eve.
Could Gold have done it last week instead of moving in a 6$ range? ( Click & Play it to watch it unfold )
No. The yellow metal had to wait Dec.24 before making a move. Is it a Christmas present for those who take profit or an opportunity to position long for a prosperous 2020?
2019 has been a great year for Gold already. Since year started Gold made two bull runs without consiering the run made in the last three month of 2018.
IMHO it may be a good time to retrace such rush as it did when Gold corrected the run made in the first half 2016. Current outlook may turn around in 2/3 weeks, converting itself in a bulls trap like it happened following Trump's election.
The move IMHO may be triggered if and when Phase One of US China Trade Deal is signed mid Jan 2020.
In the meantime expect a lot of Tweets from Trump. LOL
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
ORBEX: Gold & Oil Soar on Iran's Military Retaliation!Iran retaliated against US with ballistic missiles instead of disrupting oil shipments, facing one enemy at a time as China is a big importer.
Gold and crude soared to fresh highs after Iran attacked a US military base in Iraq.
Oil gains, however, were discounted early, perhaps due to EIA’s later report, but gold remains bid near $1600/oz.
Watch our analyses for further technical insights and as we apply Elliott waves.
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
XAUUSD: Projection of the current parabolic move. Bullish RSI.Last week we made a long term analysis of Gold by comparing the current bullish break out to the early June, 2019 pattern, setting an upside target of 1,640 (see below):
Today we are looking at this Parabolic Rise on the more short term 4H chart. The most interesting fact is the RSI which is on a Channel Up. This parabola on the 4H chart has now neutralized the previously overbought levels (RSI = 66.274, MACD = 14.030, ADX = 46.204, Highs/Lows = 2.5286) with the drop and test (so far successful) on the 1,557 former 1W Resistance, but 1D remains overbought heavily (RSI = 85.761, MACD = 20.400) and that is why we cannot dismiss a lower pullback to gather up renewed buy interest.
For that reason as explained on the previous analysis, besides 1,557 we consider 1,536 as a potential long term Support level. That will make a solid sideways consolidation still within the Parabola (green curver) that may accumulate buyers and finally break towards 1,640. In June 2019 the 4H MA50 held, didn't break and supported the uptrend. If it does this time also, then the break out to 1,640 may be even stronger.
We remain strongly bullish on Gold on the long term since our November fractal analysis as seen below:
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ORBEX: Risk Softens As Iran's Retaliation Options LimitedIran will most likely retaliate and perhaps the first move will involve the disruption of oil shipments through the State of Hormuz.
But, what will China say to that, given nearly 50% of its imported oil comes from the Gulf region?
For now, risk is scaling back and that’s obvious from yen outflows. Watch how the euro and dollar could perform over the next few days.
Timestamps
USDJPY 4H 01:30
EURUSD 4H 03:30
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Platinum bullish breakout 2020Based on the price action, this could be one of the best years for platinum since 2007. A break of the confirmed downtrend line and close above it and 200SMA. For extra confirmation, waiting for the close above the $1000 level.
This could be a great long term trade for 2020, targeting $1700 at 61.8% fib level.
Commodities are very bullish at the moment due to brewing conflict between USA and Iran and there seems to be a real threat of war in the air. Investors will seek commodities as safe havens in case of full military action. Not the best start of the new decade...
Good Luck!
Silver trade updateThe break at the low of wave 4 is going well and war tensions between Iran and USA are increasing demand and prices for safe havens.
So far no positive news is out regarding the conflict. Looking at the overbought shooting star candle at around $18 level, it would seem that a pullback could happen. So far still bullish on silver and gold. Waiting for new highs to add more long positions, stop below the recent highs.
Fundamental news is key here so watch the twitter feed for announcements
USDJPY trade planAfter unprecedented attack from USA sanctioned by Trump the week turned into quite roller coaster. War threats with Iran have created a fearful first week in the market as safe havens surged with gold and silver gaining around 2.4% and 2.7% respectively since the start of 2020 as investors are trying to protect their capital from exposure in risky markets. JPY of course was a massive gainer, USDJPY fell through the channelled resistance and now found key support level just below 108.
This weekend we are waiting for the new development between US and Iran to understand the next direction of this pair.
A fall through support would indicate continuation of a short trade.
Looking at 1 hour time frame in comments section a down trend line and small resistance zone show potential level for reversal and a buying opportunity.
This trade will be largely determined by fundamental news from Iran and White House and I will update whenever news come out.
Good Luck!
FOOL PROOF S&P500 INVESTMENT STRATEGY!A one time investment for 11 years of (on average 14%)
-This strategy uses simple indicators to determine an entry which indicate trend reversal-- such as MACD and the fact that the 2008 credit crisis crash was likely to fall to previous resistance (dot com crash)
-Safe strategy, you're essentially betting on the American Economy and when you're at rock bottom it's more likely to go up than a full economic collapse in western society.
-This is ofcourse hypothetical but when the next crash hits, this is a good guide to follow.
-Could be diversified with FTSE100 and other economically prosperous nations' indexes.
S&P500 Historical returns calculator was used in the process of this chart, these can be found on google.
Bitcoin/Gold Comparison: Safe Haven Frenzy On the Horizon?This is a message from the past.
A couple quick visual notes to suggest a slight resemblance between these two assets and where we may be headed. My guess is that things will get very interesting once Gold breaks the $1,560 range, but who knows.
As always, be sure to check yourself in to the nearest ward before consuming this as 'financial advice'. Maybe I will see you there. Just an average fellow here noodling with the charts.
With that being said, "Once you see a pattern, you can't unsee it."
WHY YOU SHOULD BUY GOLD AS INVESTMENT 2020Maybe there's the 4th correction wave
This is just technical analysis, political activities can beat it
News that traders&investors should read
www.forbes.com
www.nytimes.com
www.cnbc.com
www.youtube.com
NOTE:
I'm still beginner since I've trade for 2 years. You can agree or disagree this analysis.
Anyway, I recommend you to switch to safe-haven (gold) or commodity (oil)
ORBEX: Fed Injects Money in Repo Markets BUT Is That Really QE?Market participants seem to have taken Fed’s liquidity injections as QE, dragging dollar down.
Despite increasing the balance sheet, the Fed’s move should be really reassuring investors that funding pressures, at least in the short-term, are and will be lower.
Or, should it not?
Well, the demand for funding was slower than expected near year’s end. But is this perhaps because institutions are trying to shrink their balance sheets to hit yearly targets...?
Timestamps
USDCHF 2H 02:00
AUDUSD 2H 04:50
NZDUSD 2H 05:55
Trade safe
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
XAUUSD - MID TERM PRICE ACTIONTrade War, Brexit, monetary system crap, Recession etc. Smart Money flows to GOLD in 2019.
Past week good news was given by media. But gold did not react negative as expected.
1505$ and 1420$ are the two important level for the gold.
If good news continues, gold may give us a chance to buy. I believe below 1420$ level would be the best buy opportunity.
If the gold price break down trend , this is the weak signal for the buy. But price will break 1505$ level, this will be perceived strong buy signal.
Gold: Just a snapshotHi Guys,
just a snapshot.
Interesting to see how differently Gold reacts to FED policies.
At the end of 2015 FED started hiking (Gold in 2016: www.kitco.com)
In 2019 FED made three cuts.
But in both occasions Gold always made a run. This is because Gold react on the impact that FED policies have on the economy and especially as an INSURANCE POLICY vs impact of rising tensions between US and China.
Whilst rates hike were seen as negative or dangerous for the economy in 2016, now rate cuts are seen as a positive boosting factors for the economy.
But if this is correct, why is Gold not dropping yet?
Maybe waiting for the US-China Phase One Deal to be signed in mid Jan'20?
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: just an optionHi Guys,
here just some thoughts. With US equities in Christmas Rally mode I am not confident the descending trandline will be crossed. However, since Gold is a commodity and not only a safehaven, maybe the chances are higher then I'd expect.
TO NOTE STRONG RESISTANCE AT 1480 (last week Gold was rejected 5 times at this level, one for each day of the week)
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
Gold: week ending just some infosHi Guys,
At the end of last week risks such as Brexit and US China deal faded but Gold didn't react as many were expecting.
Gold has been ranging between 1474 and 1480 since Mon. Two fake breakouts occurred on Wed and on Thu.
The 20BB tries to capture this week's range inside above levels.
If we consider that Gold reached 1550 with FED cutting rates I do not expect price to aim above in the short term, whilst I do favour an extension of the correction.
However ths is not happening despite improved climate in respect of Brexit and US China deal.
If you click & play above chart, price is not following narrative and formed what look likes a triple bottom whith higher lows pushing into resistance.
Why is Gold acting like that?
If you click & play the below chart you will note how Gold runs into resistance with bullish bias. Will it be rejected or will it manage to breach it? Will it consolidate above and keep running or will loose momentum and resume it's fall to extend the correction towards 1445?
Just for information please note that I've been working on this chart all week and posting snapshots in the chat. The majority of snapshots have been posted in the updates of previous idea too if you want to have a look at them.
For additional infos about Gold please refer to the related ideas linked at the end of this post.
If you have any questions or comment to add please do not hesitate to post it.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.