ORBEX: Risk Sentiment Up On Trade Negotiations Impasse In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
WTI moved higher yesterday on a surprise #API draw, whereas gold, although would be expected to move down against oil, also moved up on the back of the latest trade negotiations impasse.
With the market's appetite shifting to rollbacks but not getting the response they want from the US, gold could move a tad higher. But technicals see the upside limited to a correction.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Safehaven
GOLD: potential Cup & Handle formation to end ABHi Guys,
This is my view on Gold for a short term pullback into 0,382 Fibonacci retracing AB at 1472.
Below how AB looks in the daily chart and where 1472 is.
Please also click & play the following chart prior of making B (above)
And this is the 1hr chart with more or less the same infos.
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.
USD/JPY: another divergenceHi Guys,
I am posting this structure in order to understand if there is an opportunity to trade the continuation of the run into the descending trendline.
If the pair makes such a move, IMHO, Gold may be bearish for a while as the two markets are inversely correlated due to their safehaven status.
To note RSI set at 7 (not 14) in order to follow 17MA inside upper and lower band of the bollinger.
If you have any questions or comment to add please do not hesitate to post it.
For additional infos about USD/JPY please refer to the related ideas linked at the end of this post.
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: there is a divergenceHi Guys,
the above chart is providing a structure within the context of SPX and US-China trade deal.
Gold pulling back following Reuters' news
Following what happened in the last few days based on growing optimism iro US-China trade deal, here is the link to an article published by Reuters today on the subject. (www.reuters.com)
The vertical grey line is when I posted the same chart yesterday morning. If you click & play the following, you will end up looking at the same structure.
To note: RSI lows are in divergence with 3 to b. RSI makes a low higher then b right when Trump tells to journalist that he had not agreed to roll back tariffs.
Technically the short term structure may suggest a pullback into descending SMA but in order for it to happen, optimism must fade away otherwise please note that Friday closed below 3, which, IMHO is very bearish.
IMHO the question is: the RISK-ON mood that was triggered last Thursday is still ON or is already feading?
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: some infosHi Guys,
following the idea posted yesterday, Gold broke out the distribution period to make a low at n.3 lower then n.2 and complete the Zig-Zag.
Yesterday's bullish opening of the stock market prompted Gold bearish move into n.3.
Growing optimism in respect of US-China Trade Deal is favouring a Risk-On mood despite lot's of issues are still pending. However, the rolling back of tariffs is the latest sign of progress.
As fas as the above chart is concerned please refer to yesterday's post to appreciate the 200SMA pushing down into n.2 for the breach of 1480 level (violed dotted line).
Gold stopped at 3 to pullback during night time (after US markets closed). However it fell again this morning just after 9:00 (European Time) o'clock.
Another period of distribution into descending 116SMA may be a possibility like it happened after n.2 was made.
However it could still keep falling from A (red) towards n.3 or below if stock markets increase their gains.
Please note that RSI is adjusted at 47 in order to follow below 116SMA.
AToW sentiment remains into bearish territory below 50line.
Latest candlesticks on Daily and Weekly structures looks bearish to me:
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.
XAUUSD (Gravy Train)Rough sketch but you get the picture. I'm fairly new to trading so I'm not sure of all the fancy wave names and the technical nomenclature but this is what the chart is saying to me. I'm just listening to what its saying (or moreso what I see). It's damn a near flip flop of how the directional trend got started.
Lets eat. Amen.
GOLD ProjectionsIn an overall uptrend (daily chart), gold has begun to form a descending wedge which in and of itself is also a bullish indicator (price has been in decline since Sept 04's high). To go along with the observed uptrend, I fully believe that XAUUSD will continue its rise into the winter after retracing down to the bottom of the trending line. Some speculate that the action will continue to push downward however, from my analysis there's not indication of such a move happening. Now, if the price point happens to break below $1410, then we have a completely different ball game.
GOLD: pushed down despite US-China trade deal delayedHi Guys,
hope you are all well and doing good with your businesses.
The above chart shows how Gold has been swinging for the last two weeks.
Please note that I modified the RSI to 88 in order to follow price action above and below 200 SMA.
Violet line are just levels.
Despite the news published yesteraday by Reuters at 17:30 that the US-China trade deal was delayed (such news initially scared the market), Gold has been pushed down by 200SMA because, IMHO, positive news of a forthcoming happy ending are prevailing anyhow.
Despite the delay, comments from both US and Chinese representatives remained very optimistic.
In order to put in evidence where this swing is happening, please find below a screenshot of the 1H chart with parameters unchanged compared to the previous ones used in the 15m chart.
The area inside the circle is the move considered in this post.
Below some questions I am asking myself in this moment:
1) is this chart usefull? what does it say?
2) the swings are self evident imho but where should its center of gravity be placed?
3) will the 200SMA keep pushing down?
4) where are the opportunities?
5) is the period xy a distribution period just ended?
6) could it be unfolding a Zig-Zag?
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.
EURUSD Could Test 1.10000 Level After Double TOP Neckline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
EURJPY (Cross) Likely To Decline Towards 120.200 level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
GOLD: following my post dated Sept.25thHi Guys,
following the deterioration of US-China negotiations at the beginning of September that prompted the formation of B, Gold mantains its range between 1520 and 1480.
In order to better capture the attitude of market partecipants towards safehaven, I recommend to look also at USD/JPY as they are inversely correlated and may provide additional clues on possible direction.
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.
ORBEX: Risk Aversion & Poor Data Move USDCHF & USDCADIn today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines!
I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise.
With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the session it's going to be a very interesting weekly conclusion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
usd/jpy safe have to 111.000When there is uncertainty around the wordl people tend to use their money into safe havens like eur/jpy and usd/jpy
I think it's a nice oppurtunity to trade on this pair because also there will probably be a fed cut, so people can put their money on safe havens.
Don't put your money when there will be a recession in US because this won't work as hard as gold do. during finacial crisis usd/jpy en eur/jpy like in 2008 falls heavily.
Have a nice tradiing week and use always demo before you trade in real account and with small lots.
TLT LongTLT has pulled back to a very key trend line with additonal supports coming in below. On the hourly chart, we have positive divergence on TLT meaning we should see upside soon in the short term. Given the postures of the markets and how treasuries act as a flight to safety asset, it is reasonable to assume they will go up in price as stocks fall.
For this trade, I advise picking up TMF (x3 leverage) with a stop anywhere from 28.00 to 26.60. I also recommend scaling into the position with 2 or 3 batches comprising your total allocation that you are willing to invest.
USDCHF Likely to Test Parity After Trendline Break!Please check the chart for entry and stop details. shall there be any updates i will provide them in the thread below. please note that there is detailed technical and fundamental analysis that are incorporated into this trade of which majority are not visible. Cheers
ORBEX: GBPCHF, AUDJPY - Tradetalk & Brexit Signals Mixed! In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors!
Both pairs are showing an identical pattern and are indeed influenced by:
AUDJPY
- Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do
- Positive Home Loans in AU and negative BoJ Corporate Goods Price Index figures
GBPCHF
- Blury Brexit developments with the risk of an election following an extension increasing
- UK-EU talks not looking good despite EU announcing otherwise
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Gold - Another Push To The UpsideFor this setup we have:
- Elliott Wave minor wave 2 completion and a potential of a minute wave 2 completion (completing within the range shown on the chart) once complete will push price violently to the upside.
- Middle of Elliott Wave channel as support.
- Minor 50.0 Fibonacci retracement (Wave 2 could complete within the range shown on the chart).
Overall, there is still a lot of potential for Gold to the upside, due to the US-China trade war uncertainties and a manufacturing recession in the US which was shown to be in the contraction territory for the last 2 months. Therefore, I believe that there will be another flow to safe havens which makes Gold a great set up both technically and fundamentally.
SL: 1465.00
TP1: 1536.00
TP2: 1557.00
TP3: 1585
Enjoy!
XLU Buyers hopping in again?The defensive utilities sector has been on a strong uptrend since 2018 as markets trembled with uncertainty and bulls threatened to buck. After some profit-taking at 65 dollars, there is reason to believe that there may be another leg up as buyers seem to be returning with bullish price actions observed last trading session.
ORBEX: GBPUSD, USDCHF - Another Fed Cut?, BoJo's Plan Falls FlatIn today's #marketinsights video recording I analyse #GBPUSD and #USDCHF
#GBPUSD moves on:
- BoJo plan optimism on Commons
- BoJo plan falling flat on Good Friday agreement threat
- BoJo plan creates new borders, still seen as backstop
#USDCHF looking bearish on:
- Weak ISM NMI
- Increased chances of rate cuts
- HIgher fears of recession
All eyes on NFP today! Can watch live here: www.orbex.com
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice