Gold experienced extreme volatility recently due to Coronavirus scares adn bond yeilds dropping. So the downwsrd movement tells me that it could of been a huge correction if so then Gold will be poised for a rally towards $1700-$1800. If scares carry on the US will start pumping money into gold and Asia even more so. This trade carries a lot of risk due to the...
Here EJ has rejected low-lows with lots of liquidity at the bottom demand level, EU is working on trade deals this week which should give the market a catalyst needed for an uptrend. Risk, is due to cornavirus with JPY acting as a safe haven for risk off trading so if entered please keep an eye.
Here in bitcoin I see a potentially huge uptrend comign just before the halvening, the analysis starts with FIbonacci retracement to the 618 level which has been marked using a ray. The rally could bring bitcoing upwards of $12K with a retracement predicition to $10/11K for the halvening. If the price breaks the 618 level then downtrend expected to continue to $6K.
Here USDCAD is in a critical area the highlighted area is where I will enter a short. From the weekly chart, I can see a rejection on the upper area of the descending channel due to previous rejections I think the reversal will be extremely dramatic. Moving on to the Daily chart, the wick of the recent candlestick shows buying exhaustion almost forming the...