dchua1969

dchua1969 Updated 

Are you ready ?

dchua1969 Updated 

After more than 3 months of waiting, it seems Gold may be ready to breakout of its flag pattern. Get ready to buy when it breakout.

dchua1969 Updated 

This is a short term view of BTCUSD. Please note that the day chart is still in a descending channel , which is bearish. So unless you are comfortable with intraday trading and know what you are doing, avoid trading this cryptocurrency. There are many trade opportunities I have posted in TV that you can give it a shot apart from BTCUSD. Trade safely

dchua1969 Updated 

On the contrary with my Palladium trade idea, the Platinum too has broken out of its long term bearish trend line since Mar 08 at 2298 price level. To be able to grab this buy opportunity after 11 years of waiting is indeed a God's sent blessing. And imagine if it would to go up to the desired target at 1287, the profits is lucrative indeed. My oh my, would you...

dchua1969 Updated 

Just because the price action hit the bearish trend line and pull back does not necessarily mean the price is heading south. If you observe closely, there is a Cup and Handle pattern formed now in EURGBP. Once the price action breaks out of the neckline at 0.85619, then it will charge higher towards 0.865. Alternatively, if the price action does follow the...

dchua1969 Updated 

17 dollars is the psychological level that Silver has been at war with for a while. Look at the circled zone and you will see how the buyers and sellers are at war with each other. In August 19, it managed to break out of that level and shoot up to 19.55 before tumbling down to 17 level again in Sept 19. It made a 2nd attempt to break out but only to reach to...

dchua1969 Updated 

www.cnbc.com The 4H chart is currently showing a pennant pattern and I expect the price to break up 3041.016 (the resistance point) and close above it. Every correction is a buying opportunity! I have repeatedly express my optimism on China and related stocks/ETF as compared to US market. While US market still have room to go, I think the potential upside...

dchua1969

Again, this is like EURUSD, putting me in a catch 22 position. While the price action has broken out of the bearish trend line, a bearish engulfing candle quickly doused the optimism of early bulls last Friday. Anything can happen next week. Well, it can rebound as it is still resting on the bullish trend line. Or , it can heads south towards the 3 red arrows...

dchua1969

EURUSD is now at a crucial point as shown on the orange circle in chart. It landed on an important support level of 1.10640. If it rebound from here and break above 1.11113, then the bull has won over the bears. Or else, if it breaks below the 1.10640, it would be heading towards 1.1040. More importantly, the price action would have return back to the bearish...

dchua1969

USDCHF on the day chart has just broken out of the bearish trend line. On the 4H chart, we can see a small retracement and I expect without much surprises next week, the price action should continue to head north towards the target indicated on the chart. As previously mentioned, if you are longing this pair, it is better not to short EURUSD as the...

dchua1969 Updated 

www.cnbc.com It is understandable with the dust settled on the US-CHINA trade agreement phase 1 signing, now media are scaring investors and traders with news like can China afford to import so much quantity from US? Or why is China acting lukewarm to this deal , etc ? And with the impeachment of President Donald Trump, it just makes the forecasting more hazy...

dchua1969

Details in chart

dchua1969 Updated 

Well, if you did, then either in Aug or Sep this year, I believe you are still in the red had you still hold on to Amazon shares. While they may have good intentions, unfortunately their chart reading skills need some upgrading, haha. Now, I think the price is just about to breakout from the bearish trend and if it closed above 1730.82 , I am going in to...

dchua1969 Updated 

Read articles here : www.prnewswire.com FInd an opportunity to accumulate this stock, it will fly even higher in years to come.

dchua1969 Updated 

The triple bottom support serves as confirmation selling is completed and buyers are into this pair now. I think the employment change of 39K vs previous negative 19k was a bullish news for AUDUSD. From chart, you can also see the price action has broken out of the bearish trend line as well. Let's wait for the pullback and initiate a buy position. The SL can...

dchua1969 Updated 

The 1H chart shows an interesting pattern displayed in this USDCHF pair. You can see that price action was going sideway from 3 Dec to 10 Dec (1 week) before it breaks down. It attempted to break out of the support turn resistance level at 0.98592 several times but failed several times. Price action has been sitting on 0.98157 for a while and I see multiple...

dchua1969 Updated 

Since the news of the US-China trade agreement signing last week, many global indices have went up quite a fair bit. Looking at the fear index, it is once again touching the base which means a correction is forthcoming. Because this fear index spike up really fast. it is difficult (at least for me) to chart with accuracy where it would retrace. But like I...

dchua1969 Updated 

Details in chart