bruceyam

bruceyam Updated 

Theresa May is betting her legacy from the help of Jeremy Corbyn, will the two head be successful to deliver a deal Brexit before Halloween? After last Thursday’s local electionsin UK, in which both the Conservatives and Labour parties were punished severely by voters for failing to break the political deadlock, May and Corbyn have insisted their parties must now...

bruceyam Updated 

Gold Breaks $1,400 Price Barrier and now what? Gold price has been capped under $1400 since 2013. Last rally of gold is from 2001 when gold was at $252 when Gordon Brown sold the Bank of England’s holdings, since then gold rally all the way to $1900 fueled by behedging of gold miners. Since then the hedge book of miner is diminished if not empty. These few...

bruceyam Updated 

The measured downside target from 1.1 is 0.55 so we should expect a consolidation of sideway movement in 0.59-0.71. break above 0.72 means the whole trend changed to uptrend. the main strategic will be buy on dip.

bruceyam

The Rally of the SPX from 1980 has ended, with the risk free rate started to fall from 1980 to now near 0. yield of 10 year treasury down o 0.5% the 5 wave rally is in. and with QE1,QE2,QE3 and credit then we have ended the credit push rally. a very typical wave 5 description we are like to test 2000 a 0.382 correction or even lower.(very likely)

bruceyam

from the pass 10 years, there is a unidirectional movement of the currency start in mid-Apr. either up or down for 1-3 months. At this moment, DXY show a impulse leg going up, so the assumption is DXY go up for 1-3 monts to test 100. according to EPSR report, money is flowing into US equity market, and selling European stock is most crowded trade. so there should...

bruceyam Updated 

In the last update back in Nov 2018, I have point out that the HSI is going to have a sharp rally and test at least 28000. the latest update is that the ultimate target or sweet point to short sell HSI is 28973. and we should look for at testing or 24000 and below. the stochastic now is in overbought, any sign of reversion in candlesticks pattern means the end...

bruceyam

Hang Seng Index has rally back above 292000, the low of Previous Wave one low. according to the Elliott wave rule: W4 should not enter W1. it's happening right now. so we could consider the previous one is not a impulse leg for downside movement. if it's not a downside one, we should be looking for a wave 5 rally then. a wave 5 rally should be looking for test the...

bruceyam Updated 

This is a weekly chart of the USDCAD. back in 2007-2014 it forms a double bottom and a round bottom. then it forms a cup and handle pattern with the handle resistance broke and retested recently. for measured target it is going to send usdcad up to 1.45-1.6 in the coming years. guys enjoy...

bruceyam Updated 

The Hang Seng index should have a sharp wave 4 rebound as wave 2 is a sideway movement. we should aim for 27200-28000 target. then a wave 5 again. so wait for the sweet spot for sell or buy into to the rebound now.

bruceyam Updated 

It has been taken a whole month for DXY consolidate around 94-95. and the EURUSD is also consolidate 1.1500-1.1850. Today in early European session, EUR/USD take 15 min to rally 25 pips. it seems to me that the Wave 5 for the Wave a is done. the previous idea talking about wave a finished may need to amend and the failure 5 is the end point of wave a. so we should...

bruceyam Updated 

the crude oil is testing upper resistance red line. WTI passed the blue line resistance a short term support at 98.64. measured rally target is 70-75. so USDCAD will continue to slide down and test 1.28.

bruceyam Updated 

The DXY start descending since Jan 2017, and now it's time for the prolonged drop to rebound. use Fibonacci retracement 38.2%. the DXY will hit 94.10. so we should be heading a rebound of USD for at least 2-3 months. A down trend impulse leg has been seen from 103.9 to 88.04. so we should expect a more downside for DXY after this 2nd wave rebound. From cycle...

bruceyam

The Dollar index should have finished the first impulse leg down since Jan 2017. the rebound started from 16 Feb to now should have finished the a wave. now we should head for wave b correction and targeting 92.5-93. After the correction the DXY should head for the final thrust to 97-100. DXY will continue to slip afterward. the rally should not go beyond 103,...

bruceyam

Last Friday, we have a good Non-farm pay roll figure and every one now expect FOMC to rate hike this week. With market have not discussed too much on the topic of debt ceiling which will be hit again this week on 15 March 2017. as a result, we ,might face a consolidation of the USD. wait for a good place to get it again. In short term a testing of 101 and 100 again.

bruceyam Updated 

EURUSD is going to start falling or never. We are now heading to March US debt ceiling and French election One of the Candidate Marine Le Pen launched her presidential campaign, promising to put France first by freeing it it from the “tyrannies” of globalisation, Islamic fundamentalism and the European Union. If French election is favour Le Pen, EURUSD will...

bruceyam Updated 

USDCHF have ended long term downward movement. If it's going to upside breakout as suggest in the previous ideas, this is the best place to get in and put in parts of the chips. another good place to place chips will be when it really break the red line and stop stop should be low red line. target 1.25 or even 1.4 for medium to long term

bruceyam

Since 2015 Q1, the EURUSD was in a rectangular consolidation mode for 92 weeks. EURUSD is already broken below 2015 March low 1.0465. Now investor should ask a question himself if this breakout is a real or false breakout? A real breakout means it's going to go downside for the coming 2-3 months, it's time to short EURUSD. with measured target 1.03 and 1.0 and...

bruceyam

The DXY show resistance on 102.08 at this moment. the Fed will have a meeting on 14 Dec and the Fed will not deliver a hawkish tone to rate hike, as a result all the USD favour news is temp running out. during fed announcement watch closely to the USD behaviour and be ready for USD weakness. the 0.382 retracement is 98.17. a good point to long USD