It's been a couple crazy weeks/months right now with the Covid-19. Are we finally back to normal on USDCAD? If we can break through 1.4000-1.4100 ish, we could enjoy a 500 pips wave to the downside. My personal target is around 1.3600 but with the actual market conditions I'll we very careful and on the lookout for the latest measures taken by the Canadian and...
Like everyone else in this game, I see the huge head and shoulders on gold giving us a clear sell signal. The addition of the dxy which should go up to around 100 gives me one more reason to believe it. Thursday's non-farm payroll should play a crutial role.
Let's eat guys.
Will we see Gold go up or down? In any case, we must expect a big movement when we finally get out of the triangle. Personally, I could be more inclined to a bullish movement because of the DXY, which could weaken considerably over the next few days.
Enjoy!
With the USD seeming to be losing strength and the CHF gaining power, this pair seems to be ideal for a short. We have now retested the biggest level of resistance which is 1.0000 and the pair seems to reject it perfectly. The addition of the 61.8 fib and the trend line add a certain level of confidence. We are now entering the fifth and final wave. Pay...
If you've been following me for a while now you will understand this trade without any explanation. Fifth wave is on its way. I really love the rejection of the 61.8 fib region in addition with the third touch of the trendline. If you don't want to repeat the same error as on my last post on nzdcad, you should wait for a better confirmation with another H4 candle...
After a long bearish period from the end of March to the end of May, we are now witnessing a reversal of the trend. If you were not already in the trade, now would be the perfect time to enter. We are currently entering the final phase of the Elliott's Wave pattern. This paired with the rebound of the trend line and the 61.8 fib gives us a lot of evidence pointing...
I took this nice trade yesterday after watching this pair for a while now. With the weakening euro and the appreciating australian dollar mixed with the technical analysis, I had no other choice but to enter into this trade. The daily chart shows us a perfect rejection of the 61.8 fib level and a break of the trend which should lead to a massive drop over the next...
Following my last publication, I see a strong possibility that gold will fall over the next few days. The first target should be 1265, but eventually we could go even deeper and reach either one or two fib extension. Personally, I am already in this trade and I expect to keep my position for a few more days.
The setup is very clear so I will not bother to explain...
DXY relies at a crucial point right now. We could see a huge movement to the upside following this last fib 61.8 retest. It will be important to see how the US dollar moves today and for the remaining of the week. A break of the trendline could also be the start of an enormous downside move but as I said I'm bullish on this one. Next target should be at least 98.5...
