dchua1969

dchua1969

Look at the bullish engulfing candles at the close Look at the MACD crossover We are long at 423.75. This is a medium term trade so be prepared for wild swings as forewarned previously.... Trade with care

dchua1969

Look at the bullish engulfing candles at the close Look at the MACD crossover We are long at 423.75. This is a medium term trade so be prepared for wild swings as forewarned previously.... Trade with care

dchua1969 Updated 

what do you think?

dchua1969 Updated 

This is what I think it is going to happen next week or so.....

dchua1969 Updated 

Nice rebound at 61.8 FIB level , expect it to rise up to form the right shoulder. We are long USDCHF and short EURUSD for now.

dchua1969

I think 2 scenarios can play out here next week. 1. It goes down a little bit more to the green dotted line , i.e. the 61.8FIB level and rebound. 2. It goes down further to the blue dotted line, i.e. previous support zone and rebound.

dchua1969

Last candle is a pin bar, 1H chart already has a big bearish engulfing candle. Expect short term to sell down to the buy zone area.

dchua1969 Updated 

www.cnbc.com

dchua1969 Updated 

Share your views please The black arrow pointing up is the first resistance, if break above, it would go to the next level , 1.14. The MACD crossover is perfect timing for a long entry.

dchua1969 Updated 

Look at the vertical red line which coincides with the breakout of the price at 61.8 FIB level. Thereafter, the train has not stopped at all, charging at bullet speed all the way to the 78.6 FIB level now. The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current...

dchua1969 Updated 

9.9 the level that was the lowest . This is extremely volatile , just look at the spikes and gaps up and down. According to chart, it touches the support level of 9.9 and rightfully it should rebound anytime soon. If it does, that means equities should fall. Christmas is near, would this spike up dampen the Christmas spirit ? Think profits taking, year end window...

dchua1969 Updated 

Reason for shorting : 1. MACD nicely cross over 2. Strong bearish engulfing candle 3. Price closed below 21 EMA 4. Unemployment rate 5.9% vs 6.3% previous, improvement in GDP 0.2% vs -0.1%, PMI 58% vs 56.6 forecast I am expecting some pull back , probably to price zone of 1.275 before shorting this pair. It has fallen 1.64% or more than 200 pips upon the news...

dchua1969 Updated 

Always buy low sell high. This principle is easier said than practised. Lured by profits and easy money, many retail investors got sucked in to chase the price, hoping to ride the next train to their instant wealth. After hearing who and who became millionaires or multi-millionaires, they can't let this dream ride to go without their participation. Little do...

dchua1969 Updated 

Short term ,I think Gold is heading south. Look at the blue dotted line, that is where I expect it to fall to before any decent rebound may happen. Good luck, everyone !

dchua1969

www.zerohedge.com

dchua1969 Updated 

1. Look at the MACD, each time it cross over, it is a signal to sell Now it has breach the black ascending channel, we shall wait for it to fall back. BE PATIENT 2. 618 FIB level - Falling to this level seems scary from its current price but it is not impossible. I think likely it would fall to 7000+ price range , the 38.2 FIB level first 3. IF YOU DO NOT HAVE...

dchua1969 Updated 

Since I started investing in forex, it has not occurred to me that property investment has a lot to do with forex. Look at this beautiful and timely chart. We know that in many countries like Canada, Australia and even China that the government is indeed clamping down on the properties market. It used to be C$1= S$1.70 in 2007. Fast forward 10 years later, 2017,...

dchua1969 Updated 

Now USDHKD is reaching the 3rd attempt to breakout from the .0236 FIB level. Would it breakout or break in and collapse? We think it is likely to take a breather, allow traders to take some profits , i.e. temporary sell down before coming up again. Let's see