Theperfectionist

Theperfectionist Updated 

Fundamental: Bitcoin suddenly soared this week as global markets had their worst day this year, rising more than 20% in the last seven days and jumping more than $500 per bitcoin in a matter of minutes on Monday night, only to fall back again. As trade tensions flared and the Chinese yuan fell, investors flocked to “safe-haven” assets like gold and U.S....

Theperfectionist

Fundamental: The main focus for gold traders remains the Chinese yuan mid-point fix because it seems to set in motion all the other events that have been driving the price action this week such as the direction of global bond yields and demand for risky assets.The People’s Bank of China fixed its midpoint for the yuan at 7.0136 against the dollar on Friday – the...

Theperfectionist Updated 

Fundamental View: Oil prices fell almost 7% on Thursday, the most this year, as President Donald Trump’s threat to put additional 10% tariff on China hammered a market already tanking on disappointment over an inadequate U.S. interest rate cut. The fragile economy and looming oil supply surplus will almost certainly be exacerbated by the escalation of the trade...

Theperfectionist Updated 

Fundamental Analysis: U.S. crude stocks fell by nearly 11 million barrels last week, the Energy Information Administration reported on Wednesday, well above analysts’ expectations for a drop of 4 million barrels. Oil prices have also been under pressure from concerns about global economic growth amid growing signs of harm from the U.S.-China trade war that has...

Theperfectionist Updated 

The energy security is subjected to a bearish pressure following an upward trend line and living a lot of room for significant movements. While approaching the demand level, an exhaustion can be noticed broaden by the decreasing daily traded volume. Nonetheless, odds of a breakout and bearish continuation remain medium/high. Possible Targets: 52.000 (-4...

Theperfectionist Updated 

A big week ahead with a series of news and stock earnings: The FOREX pair is close to a high demand level @1.12000 and has been consolidating since the beginning of the month. As the daily traded volume remains steady, volatility and a breakout move could be seen ahead especially with the Fed signalling a quarter-rate cut. Possible target: 1.11400 (- 70pips)...

Theperfectionist Updated 

The precious metal is consolidating by forming lower highs since the 5-year high 1440$ per ounce. In fact it has been a month we experience sideway movements while the daily traded volume remains steady. There is an upcoming volatility probably delayed by crucial pending news reports. Possible Targets: 1500.00 or 1300.00 if the security enters a bearish run. ...

Theperfectionist Updated 

The idea of cutting rates in order to diminish the effects of the trade war is not well-received by markets. The US dollar index is weakening while gold soared to a 5-year high. The market is certain that the Federal Reserve will cut interest rates at the end of the month, with the only remaining debate over whether it will be 0.25 or 0.50 of a percentage point...

Theperfectionist Updated 

The cryptocurrency is declining and has formed a broad bearish channel with successive lower highs and lower lows. Thus, Bitcoin will be driven to the demand level which is around 8000.00 unless bouncing up at 11000.00. Possible Targets: @8000.00 (-1500 points). Advice: Stay bearish and short every high points while we don't break 11000.00 upside.

Theperfectionist Updated 

The IMF said the U.S. currency is overvalued by 6% to 12% based on near-term economic fundamentals. The dollar index, benchmarked against a basket of six currencies, fell 0.2% on that, boosting gold which is a contrarian trade to the dollar. In another hand, markets are currently pricing the odds of a quarter-point interest rate cut at 100% for the end of the...

Theperfectionist Updated 

Pushed by institutional inventories after a plunge from the yearly high, crude oil slightly broke upside the previous supply level @60.000. The energy security has been calmly ranging for two days while the long-institutions and short-retailer holding volumes are increasing. In another hand the daily traded volume is decreasing : We shall still experience a...

Theperfectionist Updated 

Aimed by a steady volume for 2 months, the GBPUSD pair was sideways with well-defined supply and demand level retaining any attempt of breakout. After a false breakout on July 9th setting up the new low of the year, we are now experiencing a sharp bullish reversal. Possible targets: @1.27500 (+180 pips). Advice: Stay bullish and buy any low points while we...

Theperfectionist Updated 

The EURGBP pair has formed a regular upward channel which brought prices to the current yearly high. At every spike, there is a noticeable bearish pressure. The security is now consolidating and subjected to a selling pullback testing the active demand level. The bullish channel broaden by the slight decrease in volume displays increasing odds of a bearish trend...

Theperfectionist Updated 

The currency pair have consolidated since for 1 month with clear supply and demand levels. After a false breakout on July 9th, AUDUSD reentered back the previous consolidation zone by a bull spike. However a decline of inventories including short-retail traders could display an upcoming bearish pressure since we are close to the support zone. Possible Targets: ...

Theperfectionist Updated 

After a 2018 marked by an all-time high @19,666.00 followed by a plunge of nearly 85%, Bitcoin consolidated in early 2019 before breaking upside in April 2nd. Besides, the bull trend peaked at @13880.00, marking the current high of the year. A pullback was then followed, dragging down the security to @9,600.00 and marking the supply and demand levels. Furthermore,...

Theperfectionist Updated 

GBPUSD few days ago entered a support zone and was about to test the low of the year 1.24550. However, it appeared from a bullish perspective that odds of a strong reversal were increasing. Moreover, prices soared on a spike heading the nearest resistance zone. Possible targets: @1.28140 (+70pips). Advice: Buy any low points while we don't reach 1.26500 bottom level.

Theperfectionist

The pair has been selling off since June, loosing more than 500 pips. The weaker dollar is due to the fact that the US indices inventories favour a bull run, fuelled by the optimism that Feds will be cutting interest rates this month and the current impasse of the trade wars. Thus, the trading volume is steady, and we are likely to experience more downside...

Theperfectionist

After a 2018 marked by an all-time high @19,666.00 followed by a plunge of nearly 85%, Bitcoin consolidated in early 2019 before breaking upside in April 2nd. Thus, the crypto set new supply and demand levels while going through a buying pressure. However the loss of interest is inducing rejections and exhaustion at the current demand level. The security remains...