Talk about goldThese days the seizure has grown in the global market
It's not easy to look at market behaviors
But traders should deal with caution in global markets
According to my predictions
I was expecting this That's the price of golden glove Under $ 1,200 And many did not believe
In this price range There may be strange things
According to the psychology of gold prices in the global market
There is no definite opinion
My theory is these days for the price of gold in the world
In August 2018 gold be move range in the price 1175 to 1150 to swing
But traders should wait for next month in september
Considering the limit loss
Expecting that
if gold break down price of 1150 its going for two month or one month under 1100
but if gold support from 1150 expect gold a little rising with slow time and month to 1200 and 1300
However, traders must be in a deal on condition that they comply with the limitation
i also trying more publishing about gold update
be good luck
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Tradewar
Selling NZDJPY if it gets near trendlineThe yen pairs appear to be moving higher despite an increase in risk to trade in the global markets. Sentiment appears to be holding up, perhaps to do with the good economic data we are receiving at the moment, however, in recent trading days we have had a lot of trade war noise. The US seems to be serious about the next $200bn of tariffs against China and that must have a negative effect. The indices look like they might be turning lower which would normally drag the yen pairs down but that dynamic is not playing out. Should the trade war noise start to turn into some hard facts and data about reduced trade then we can expect to see a more significant fall in the indices and a possible flight to safety that will drag the yen pairs lower and boost assets like Gold. Of all the currencies NZD appears to have the weakest fundamental backing with a dovish central bank, falling export prices (especially dairy) and an export-driven economy that needs good global trade to survive.
My preferred option in a risk-off scenario is to sell NZDJPY, the technical situation looks quite strong, we have a clear downward trend with a series of lower lows and lower highs marked by the orange trendline and no real resistance for some time marked by the red line. At the moment NZDJPY is bouncing from a recent low and it appears to be trading out a three wave bounce, the prefered scenario for wave traders as it gives a target for the end of the bounce. In this case, the target is right at the trendline where a turn lower might be expected.
The plan is as follows:- If risk sentiment starts to fall away (more trade war talk, indices moving lower, gold moving higher) and the current NZDJPY bounce continues in three waves I will sell it somewhere near the trendline risking 2% of equity hoping for a risk reward of 3:1
Planning for Friday, buying the USDTRYTomorrow has some potentially market-moving news. It is the first Friday of the month which means we get the usual raft of data from the US, the headline is the NFP figure followed by the unemployment rate in the US and this months big ticket item the average hourly earnings. If earnings pick up above the forecast 2.8% (last month 2.7%) then it will add real momentum to the dollar as it will speak to a faster interest rate hiking cycle, it is a realistic possibility that the Fed is already behind the curve with the US economy and is going to have to apply the brakes sooner rather than later. If rates are going higher then the emerging market economies are those likely to suffer most and the Turkish Lira seems particularly at risk, Turkey has increased its interest rate to 17.5% in recent months (thats not a typo 17.5%) and as you can see from the chart the technicals still look really bullish.
Friday is also the day that the US tariffs against China are due to start and if they do it could trigger an increase in trade war intensity. China have said that as soon as the tariffs become effective they will introduce their own and Mr Trump has threatened that if China does respond he will quickly impose tariffs on another huge section of Chinese goods.
The countries most at risk from trade wars are Emerging markets which puts the Turkish lira in the firing line again.
If the data was not due tomorrow I might have just bought on the technical data but the plan is as follows
If US data is good and tariffs go ahead I will buy the USDTRY risking 2% of equity hoping for a higher than usual risk reward of 2:1
AUDUSD (Short)Whats up Guys,
95% of the the meat and potatoes of this chart is explained on the chart -
Fundamentals Behind my Technicals -
No surprise and not the only thinking this - the trade war with the US and China is currently and for the medium term in the FAVOR of the US. This hurts China. Australia is a major exporter to China. This hurts Australia. Australia remains Dovish with their interest rates and nothing spectacular happening in their economy ATM.
The Red Lines above the ST on my chart - show - in the event that I am wrong and the AUDUSD breaks out Upwards, areas of potential resistance to the breakout.
Keep a close eye on this one guys - i think its ready to pop.
Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
#Crypto #BTC #cryptocurrency #ADA #CARDANO #LTC
#LTCUSD #LitecoinNation #XRPCommunity #XRP #Ripple
#EOSUSD #BCH #BITCOINCASH #forex #EURUSD #AUDJPY #GBPUSD
#USDCFH
-Nix
One of DJI's Confirmations Not Looking Good - DJTAs is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use the Dow Transports Index, among others, and discern from if the rally is real or not. The reasoning being, as an index that follows the biggest transporting companies within the economy, it's reasonable to think if transports are performing well then commerce within the economy must be doing well. So, when DJI is rallying and it's confirmed by the DJT, along with other factors, we can discern that the economy is performing well. I'll move onto the analysis, to explain how the index is tracking.
Weekly
1. Noticed that there's been high volume in the last two years of trading relative to long-term trend, 200-moving average.
2. It's been trading in a channel YTD which is confirmed by relatively accurate tracing stochastic indicator.
Daily
1. Within the YTD channel, there's an interior resistance that's quite robust. That's where we find the index, today-July 25, 2018, and as with the other reactions from that interior resistance it's retracing back to the bottom of the channel.
2. The Stochastic indicator is tracing accurately with the index, which is on tracing downwards confirming the hypothesis.
Conclusion: The Dow Jones Index has been on an upwards trend but one of the confirming indicators is showing that that might be a faux-upswing. In terms of the overall economy, we're starting to see that the market starting to be affect by the tariffs and the trade war.
Selling Value Area In The USD/CADFriday has brought a myriad of challenges to currency players. Trade war hysteria has boiled over, with the USD fading against the majors. It appears that selling the Greenback is the play across the early U.S. forex session. The 1.3134-40 area has set up as value in the USD/CAD for the last two days. If this market tests it once again, a nice position to the short will be in play.
Here it is:
1)Entry: Sell 1.3134
2)Stop Loss: 1.3176
3) Profit Target: 1.3092
4) Risk vs Reward Ratio: 1/1
In the event that this trade goes live before today's forex close, the short position will stand over the weekend. If not, scratch the trade.
SHCOMP - Bias remains negative Trump continues to escalate the Trade War, now hitting China Mobile.
Chinese bourses are being watched in order to gauge the seriousness
of Trump's moves.
Remember that Tariffs come into place Friday July 6th.
Bulls moving in on Crypto with the help of Trump #tradewar.It was quite an intense week in terms of headlines related to the trade war. The dollar is easing and this inevitably affects the price of BTC.
We can see a strong correlation here between the EURUSD and BTCUSD. The gross majority of Crypto-investors are poised to buy on an upward break and this was maybe just the hint we needed to get back in there and buy. I see the 6400 and then 7800 as major areas of consolidation.
Brace! Avoid being flushed out in the 'Economic Colonic'. In this screencast I show how I attack the US30. It's very different to what you see 'out there'. This is about a robust and real trend-following methodology. And not - I'm not selling anything! WYSIWYG. Totally for free! Everybody deserves a chance.
Reality has come home to the markets - globally. There is a mega trade war on at the moment and it has been for several weeks. The impatient and greedy will lose their money to those who are patient and strategic.
Dow Looking DownAs we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion.
Furthermore, take a look at China's primary index (Hang Seng -- HSI) on the Monthly chart. A very similar pattern occurred there before the heavy selloff that we are seeing now in China. Could definitely see some turbulence ahead. But as always, no guarantees.
US Dollar Breaks Out Against Yuan. Yuan to Drop Further. $USDCNH #Yuan #China #TradeWar #CurrencyWar $FXI $EEM
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STI - Not time to buy yet, but selling isn't a good idea too!As the trade war between US and China intensifies, general markets in Asia get the ripple effect too.
STI has dropped around 5.40% and is now trading around 3300 region.
If you're feeling worried because of this drop, you better be.
If you're feeling happy because now you think you can buy at a cheaper price, you better don't.
Now, why do we say so?
If you're feeling worried and uneasy because of the drop, it just shows that (1) you do not have a proper investment/trading plan to start with, and (2) you do not have the right risk management plan in place. And that's the exact reason why you should be worried.
If you're feeling excited to hop onto a trade or invest now, hold your horses. The time isn't right yet. Be patient. Wait for at least a sign of price bouncing before entering :)
Our bias remains to the upside for the general equities market at the moment. Our macro analysis is still showing room for the markets to rally. Perhaps for the last wave up between 2018 to 2019.
After that, we might eventually see the long-waited "clearance sales" in the equities market. When that happen, it will be a shopping spree for many well-prepared traders and investors.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Bombardier_(TSX:BBD.B)_July_17_2018For those of you considering shorting Bombardier, I think there is still some upside left or atleast the time is not yet ripe to short the stock just yet. Granted, that based on historical performance (atleast the past 5 years) the stock has reached close to all time highs (since about 2012). Furthermore, the $5.00 mark seems to act as a key resistance level which the stock is having trouble breaching through.
However, as traders we should focus more on logic and less on intuition for better overall portfolio performance. An analysis of the Moving Averages(MA) indicate the the stock is in a uptrend. The price is above the MA, the short MA has crossed the long MA and both MA have an upward trend. In addition, the Accumulation-Distribution (AD) also has an upward trend.
With news that the partnership with Airbus has been formalised, their new line of business jets about to enter service and the train division doing well it would be unwise to short the stock until and unless the trends indicate otherwise. The greatest risk to the company is its large debt that will act as a huge burden in a rising interest rate environment.
With relations souring between USA, Canada and Europe, BBD.B is going to receive additional support from the Canadian government. Also Canadian and European Airlines are going to be prodded by the government to buy more CSeries Aircraft rather than the competing Boeing 737's. With Airbus coming into the fold and marketing the CSeries as one of their aircraft (as it has been rumoured), Bombardier seems to be well positioned to sell more planes. How much of that profit is going to go to BBD.B is a question for another day.
My prediction is that the stock is going through a period of consolidation. If you hold the stock then do not sell just yet but depending upon your risk profile you may want to determine a good exit point in case the stock price indeed goes south. If you are yet to buy the stock, this consolidation might be a good time to buy but you want to set your stop loss at a appropriate level so that you do not lose a huge portion of your capital.
Weibo - $WB - Nice Dip, seeking newsWeibo ($WB) looks to be in a nice dip at the moment. I'm awaiting news regarding the trade situation with the US / China and that will determine the future of my decisions. It is trading below the 255 day linear regression 2x standard deviation line currently, and looks to have possibly formed a double-bottom.
Bullish Pitchfork on the Commodities MarketI assume this isn't news to most of traders while I write this, but macro-economically Commodities are a buy. Having been beaten down over the last 5-years the broad basket is on the rise. Anchored by rising oil prices, increased flight to fear (gold, silver), and the presence of an emerging inflationary pressure. In this chart, there is an evident bullish trending pitchfork pattern and as of 05/22/2018 the price is approaching a significant resistance that hasn't been breached since 2015. This resistance aligns itself conveniently with the $10 mark, possibly a psychological barrier. Based on the current trend and the practically undeniable bullish fundamentals, there are two directions to expect on this chart.
1) Cross the $10 threshold and the median line of the pitchfork, continue on a bullish trend above the median for 2-3 months
2) Bounce on the $10 resistance correct to about $9.5 on the lower trend of the pitchfork and continue a bullish trend below the median for 2-3 months
*These predictions are all contingent on the bullish fundamentals holding ground.
Risk: Interest rate, recessionary, trade war
Catalysts: Inflation, natural disaster, productivity increases
#miniSP500 Resistances levels to watch in a cold war risk?ALL TALK? NO ACTION? SPX SP:SPX
1) American indices SP:SPX YM NQ broke out thru the falling triangle today but still waiting to see the close.
2) Volatility is low now but you know what happenned with bad news #Trump #Tariffs #TradeWar #ColdWar
3) Above the downtrend line (yellow), still remains 3 interesting resistances: 50 EMA , 100 EMA & 38.2% fibonacci (2663), this next sessions will not be easy
Careful to be too optimistic there are strong resistance levels, sentiment is not total consolidated and many doubts about NEW issues: Trump, geopolitical risk, Syria, Russia, Cold War.
Big picture: