Purvee

Purvee Updated 

Oil price is right now is at an important support area, possible to go for long. Risking small for a potential big win.

Purvee

EURUSD is bouncing from the important zone of 1.111 , and I am expecting trend continues to go up.

Purvee

Technically it can be seen as long term downtrend starting. Until the resistance is doing the job, Nas would fall down eventually. It is a strong probability that Nas starting its long-overdue correction, but could be wrong too. Stop-loss is set from 30 points from the entry, potentially big win if right. If tunnel movement formed in the price we could see big 200...

Purvee

As long as this small blue trendline breaks, I do not see any short movement. Until there is no actual improvement in the trade war situation, not just "phrase one" or Trump's tweet, do not see gold will not fall in price much.

Purvee

GBP, is in overpriced area. Expecting a down movement.

Purvee

Gold is making a very similar correction movement that it did in a few months ago. After the strong upward movement gold usually stays in a correction. However, now it is ending if it imitates the previous correction. It might be early to enter any trade before it shows a clear direction.

Purvee

The gold is in strong consolidation zone for the past 2 months. Now if it is a breakout from triangle, it is possible to start a strong upward movement and continue the trend. It is also possible to see that strong resistance is broken.

Purvee

Australian dollar formed some bearish tunnel. One more bearish movement looks possible. Fundamentally, the employment change in Australia expected to be bearish. Simple high Risk and reward potential trade.

Purvee

Hello, I would like you guys just see how clean this 61.8 hit from the all-time high of nearly 20000. The golden ratio is just golden. Now I say this strong move was just the first wave of the next big wave coming. Bitcoin is currently on correction and I purpose much bigger correction. Fundamentally, no big news is coming later. As this triangle break out to the...

Purvee

Big movement is coming on Oil. This weekly triangle pattern explains big movement is coming. I see this is a good time to open a long term buy position on OIL. Long from 55 Stop-loss over 51 Take profit 71

Purvee

In an hour, ECB is going to make a statement on the interest rate and also economic slowdown. The market is expecting the dovish statement and EURUSD dropped. Right now it is around the support zone area of 1.1122 I personally plan to enter with very good risk/reward ration of 6.60 because it is a high-risk trade. Market makers already shorted euro and if ECB...

Purvee

Just textbook trade. Technically AUD makes new higher high from the trendline. Risk and reward ratio is 1:3 This trade might not work out but it is always better to risk less to gain more.

Purvee

Crude OIL is right now in a really important area. Fundamentally, Opec is currently made a statement of cutting the supply side, but the world economic slowdown is suspected by some. Due to that oil price is not really spiking up in price. Technically, OIl is right now really important and interesting price area. $57.60 per barrel was previously strong support...

Purvee

Since the last FOMC meeting, Gold FOREXCOM:XAUUSD is in 53$ long range. Currently trading between the technical blue resistance and support lines. As long as the Fed keeps the tone of cutting the interest rate, it is quite obvious for gold to spike up. But, from the technical point of view, the price needs correction to start the long run. My buy orders will be...

Purvee

Looks like OPEC will extend its supply cut. If that so, just buy this discounted OIL and hold till it reaches $70. Do not have to enter with crazy risk to reward ratio like mine. TVC:USOIL

Purvee Updated 

I do not think this blue line holds. If it holds the next price to short would be from the next yellow resistance line.

Purvee

The rate cut always has an adverse effect on currencies strength. On May 07, the market was predicting a 0.25% rate cut from Reserve Bank of Australia. But the bank was not easy to cut its interest rate, but due to its tone of cutting it by next month price might fall. The dovish statement started a strong downtrend of 200+ pips. It consolidates over ten days...

Purvee

Actually, GBP is just too cheap right now almost in every pair. EURGBP will fall from this price or 60 pips later. Technically that is where I place my short position. Fundamentally, we should wait for the new prime minister of the UK.