VIP_Trading_Technologies

VIP_Trading_Technologies Updated 

EMA 100 on the daily chart has been the major resistance for gold to continue climbing so far. From the fundamental point of view, unless something new comes up, I do not see major reasons to stay above current levels. On the other hand, from the technical point of view, we have some mixed signals showing uncertainty. In my humble opinion, and in such scenario,...

VIP_Trading_Technologies Updated 

Currently trading in between EMAs and after bouncing from the support lower trendline of the current descending chanel, I would consider shorting around 1.1935 till we reach the target at 1.1610-1.1600. I remain bearish on the EURUSD pair from the fundamental POV and expecting to trade in few months around 1.12 rather than above 1.20+ Cheers

VIP_Trading_Technologies Updated 

I'm expecting the USD to strengthen against most pairs and we are currently trading off one of the detected ranges with the dashed lines. Failing to bounce from Cyan color EMA and failing to remaing in the longterm ascending channel will trigger a fall following the detected pink channel with dotted trendlines. 1.341xx could be the target for bears while bulls...

VIP_Trading_Technologies Updated 

We have been moving in quite a narrowing range and it is about to make an important move either way. Could be a retest (double top) of previous highs or going lower around the next hi-demand area at 52 area. That would be my bet but I am currently not shorting WTI oil as I don't like to trade in "noman's land". Cheers

VIP_Trading_Technologies

Target to be achieved for bulls sits at 153.755 area. In this range we are having more volatility. Currently below EMA (green and red) and being supported by EMA 100 (purple). As long as it keep this way we are going to continue.

VIP_Trading_Technologies

Rising wedge detected on EURJPY pair that could trigger some correction. So far still can keep going up to retest previous highs and beyond around 131.22 area, resistance from the trendline. As long as we are above both EMA's (red and green lines) and inside the narrowing corner of the wedge, I would keep going long but expecting a correction at 131.22 area.

VIP_Trading_Technologies

Follow the channel till we hit the target at 1.92. Some pullback may occur should we fail to keep climbing from current EMA support on Daily.

VIP_Trading_Technologies

US30 has been climbing almost non-stop since we crossed the 30k level so depending on today's closing candle or around 33750 level, I would close any holding longs and wait till the profit taking is over. As I said several times, I DO NOT SHORT INDEXES, EVER. Just let it fall and open longs when you deem necessary. It looks to me that at least 600 points could...

VIP_Trading_Technologies Updated 

I am sharing a simple chart with an identified downtrend channel for this pair that may have some interesting move in this critical area. Swiss Franc has been always used as a safe haven as well as gold. After the improving conditions of covid wordlwide, specially in the USA I won't be surprised if we break the current downtrend channel and heading to the POC for...

VIP_Trading_Technologies Updated 

Very interesting situation in this chart. We are currently trading inside an ascending channel but below most of the main moving averages and close to the point of control (POC) of this said area. I would try longs at the support trendline of the channel with a tight SL with a TP on the 1.024ish area. If you look the chart on the weekly timeframe you will see...

VIP_Trading_Technologies Updated 

Being on a clear downtrend channel, below the EMAs and taking into account that UK has Brexited and taking own decisions (and very well taken IMHO) in regards of the COVID vaccination plan, I would strong recommend hold shorts till the target at the 0.83 area (see the yellow circle).

VIP_Trading_Technologies Updated 

We are flirting with the top trendline of the ascending channel and it looks like a correction could be near BUT I DO NOT, EVER, SHORT indexes. I would close longs and wait for a new opportunity to open new positions again, perhaps in the area of 32k. It could continue climbing back and forth till reaching 35k target.

VIP_Trading_Technologies Updated 

Trading inside an uptrend channel but already below some EMAs and lacking strength to bounche it looks like we are going to keep falling to 0.746x area where EMA 200 is located as well. Considering the run of the USD and its recovering economy it looks that shorts are appropriate once the confirm the downtrend channel.

VIP_Trading_Technologies

A magnet to previous highs at 111.70 seems to be happening. Trading above EMAs. Hold longs till resistance at 111.70 and re-evaluate indicators and oscillators for a sell signal or resuming the uptrend to 114.70x No doubt to me that in the longterm is a BUY, at least to 114.70x.

VIP_Trading_Technologies

Apparently nothing new here. We remain inside both ascending channels and the EMAs, therefore I would continue holding longs and adding further positions on each pullback. Cheers

VIP_Trading_Technologies

It looks like we are goint to retest the top trendline of this uptrend channel and based on previous reaction we would pullback to at least the "mid"trend channel (black line) to continue climbing towards 133 and 137. For short term it looks appropriate to open shorts and for longer term just hold your longs or take positions after the possible pullback.

VIP_Trading_Technologies

Hi folks: I'm sharing my view on BTCUSD. I'm not fond of Bitcoin nor taking any trades but I like to follow its movements. We are currently on a mega uptrend channel since we broke the 10k area consolidation and it looks like price is consolidating near 60k area. As long as we do not leave any of these 2 identified uptrend channels I would hold any long...

VIP_Trading_Technologies Updated 

With today's NFP data upbeating estimations and USD strengthening against most pairs, I think we will have a very interesting trading session on Monday. POC area is located at current level 1734 and we are below EMAs inside two clear defined downtrend channels. A possible gap down may occur on Monday and that could send gold to drop massively as USA economy...