long xau.usdI think gold is in this channel of bullish, could not break downtrend support and now will bounce towards the next highlighted resistance levels.
US-DOLLAR
EURUSDI expect the price to reverse from the current level of 1.11970 and to reach the following levels 1.11300 1.09600 1.08000. If the price reaches 1.13000, the forecast will be canceled. Good luck to all
BTCUSD Mixed signals!I'd stay away from this. Too many mixed signals on all time frames. Stoch shows continuing downside. Daily still needs to retest the ichimoku cloud. However..... This will continue to rally up. Let the sellers panic and then I would wait for a retracement around 2200. Once the indicators confirm upside, then continue the uptrend.
XAG USD Looks like a longI love the nice crossover on the daily stoch. Looks like it is bouncing of the support and potential ABCD and third wave of the elliot. On the 1 and 2 hour we see it broke the ichimoku cloud for further upside. Also showing a horizontal resistance at around 18.5ish. I'm long. Who's with me?
USD JPY Short on the dailyNice crossover on the daily stoch. Also we have been forming lower lows and lower highs. The icho clouds had a nice break and retest on the daily. (not shown) Potential 5 wave elliot and an ABCD which both project downwards towards the same area. Follow the trend till it bends. I use these 5 wave elliot's because it follows the trend with minimal RR ratios. Follow and comment for more! Thanks for looking and CONSTRUCTIVE criticism is always welcome.
If GOLD can break 1300, she will keep going. GOLD is clearly on an uptrend. 1300 is strong resistance, if it breaks this, 1330-1340. If it breaks the trend line we are going down. If you look at the daily right now, it's bounced of the trend line again and is now heading up. I'd place a trade ASAP.
XAU USD LONG ON GOLD!This looks as good as gold. On the daily we have a nice crossover on the RSI Stoch while it was in "oversold" territory. A beautiful rejection from the daily support. A clean break and even retest from the clouds. We have a valid ABCD pattern and a promising 5 wave elliot that seem to reach the same potential price for gold. Will buy now before a breakout and hold.
Trump dollar? Trump denies obstruction of justice in FBI probe#The president of the United States Donald Trump denied obstructing justice in the investigation of Moscow’s meddling in the US presidential election in 2016.
The wave of speculation was triggered by a tweet, according to which the president “had no idea” about the existence of conversation “tapes” with the former FBI chief James Comey, while a month earlier he threatened Comey with “compromising evidence” in case of information leakage to the press.
Confusion in testimonials may mean that Trump tried to silence the official acting with aplomb or that he attempted to conceal the records, which calls into question the president’s non-involvement in the investigation.
Important details heightened the uncertainty surrounding the investigation, provoking a sell-off in the dollar and a growth of defensive assets, particularly gold. Inconsistency in Trump’s statements turns the case against him, despite Comey’s denial that Trump was under investigation, which gives the investigators a reason to suspect the president of obstructing justice. Concerns about future details coming into light create an opportunity for long positions on gold, which is especially sensitive to changes in risk sentiment. In addition, the involvement of Trump in the investigation poses risks for the implementation of his plan for fiscal stimulation, which is definitely a bearish signal for the dollar.
USD/JPY Short Term Short!RSI showing some divergence and this pair repeatedly has been following this 5 wave elliot. Short term trade only. Chart shows my TP1 and TP2 with miniscule stop loss! RR is 2 and 2.5.
Channel setup-USDCHFHourly frame gives us a nice bullish channel. Looking for a retracement till the bottom of the channel, and a posterior breakout of the correction to go long till the top of the channel.
*We must have an eye to Formal Brexit Negotiations of tomorrow*
650+ pips exampleThis graphical example shows how it is possible to make pips in the market every single day when you have a few powerful indicators which you tested over time.
On the XAUUSD there were 650+ pips to be made in the last 20 days. Consider a few more pairs and you do the math.
USDJPY - June/July - Broken trend/retest?USDJPY recently broken under the bullish trend support that held since 3Q of 2016. Today, we might have experienced the retesting of that broken trend line. UJ may be at a bearish turning point here ifit holds the 110.100-110.500 level.
Technically, USDJPY is at the Daily 200MA, middle channel of Bollinger Band and the broken support which is now acting a resistance.
Fundamentally, all eyes are on the FED as markets are expecting a rate hike this month.
If this truly is a retest and USDJPY heads down from here we may see the lows indicated on the chat.
Otherwise, USDJPY's break may be considered a false breakout and wait for further signs of where it may go.
Long USOILOPEC meeting discuss about extending the production cut in Crude Oil to stabilize oil prices, But USOIL fall more than 5% still there is a scope to go more than to make new floor or retest strong support of 43.76. as technically we can see three waves towards 47.00/47.40, currently usoil standing on double bottom support on daily candle.we don't like selling here.
Buy USOIL.
@46.20
target: 47.20
Stop loss: 45.70
gud luck !
#forextuitions
