It seems WTI is not able to break this zone. That means it's currently a pretty nice buy zone!
EUR/USD is currently at a major support level, it confluences with the DXY at a major resistance. Perfect trade for me :)
I am expecting a little retracement after the push today to a new ATH!
The bullrun of 2017/2018 came to an end when we had a bullish breakout from a symmetrical triangle. Now we have a ascending triangle!
As we you can see, GU is forming lower highs and respecting every fibonacci level. I am assuming this will happen again and it will drop from this 0.382 level till the next fibonacci level.
This is what a technical analysis means, looking at the past. When we look at the previous end of the bull market it is following the exact same pattern now. Do not let these "hope giving" social media posts get you! Stick to the charts, not to the emotions or opinions of people!
In case we break the 30.8k, we will go down really bad! Be prepared and trade safe!
The next breakout is very very important for the price for the coming months / year!
Very clear, a child should be able do understand this.
Very easy and simple for everybody. Just stick to your technical analysis.
The S&P 500 is unstoppable it seems. I think we might see a little pullback and after that hit the important trendline around 4400-4500! I will keep you updated! Be careful while trading the markets as always!
$USD/JPY you can short it for a day trade or place a buy limit for a swing trade. Easy money with the gopher !
The US dollar will be getting weaker till it reaches the 90.400 level, so we can expect the dollar weaken against the most pairs. You can either take a long position to the zone pointed in the chart above or you can place a sell limit order on GBP/USD!
Gold will be testing the 1760 before going into the 1600 levels. If the DXY goes according to my analysis, this will be the perfect set-up for gold!