nick.trader4

nick.trader4

Gold is in a downtrend which started with a rejection of the major resistance at 1295 then after the FED rate hike a couple weeks ago, USD has been gaining strength and gold has been melting. Just some hours ago a flash crash on GOLD sent it lower nearly 200 pips in minutes.. This resulted in the counter trend pullback ending and downtrend continuation. The price...

nick.trader4

This is confluence for my analysis on Gold and USD/JPY. DXY showing signs of bullish P.A, some HL being created and large bullish candles plus USD fundamentals from last weeks rate hike and hawkish monetary policy statement has investors buying the greenback.

nick.trader4 Updated 

Since 2017 started USD has been bearish, causing Gold prices to rise. Now half way through the year will the trend change? We have a FED rate decision on Wednesday (JUNE 14) which could be the catalyst for a reversal or confirmed continuation. The FED is expected to raise rates but have shed doubts on further tightening this year based on the weaker data that has...

nick.trader4 Updated 

Currently in an upward channel.. Long term trend is down. Possible trade scenarios are stated with the arrows. Lets see how price action plays out on the final session of the week. I dont expect one of these scenarios to be completed today as volume could wear thin throughout the afternoon but could provide insight towards price action for next week.

nick.trader4 Updated 

Last week we saw alot of consolidation in the range between 110 and 111 areas. This was expected as we were in a strong daily range and NFP news was approaching. NFP news dissapointed as expected and cause USD to fall rapidly to where we find ourselves now at the bottom of the range and with strong bearish momentum fueled by fundamentals. I think we can see more...

nick.trader4 Updated 

NFP this coming Friday (June 2) and FED rate hike looming. Good risk:reward for a long position based on a daily breakout from the 1250-1260 range. Entry on a pull back @1260 is ideal.. Higher highs expected.

nick.trader4

Last week USDCAD was in a counter trend pullback on a decline in oil prices. Price was in an ascending channel making higher highs and higher lows. A weak NFP report for USD caused the end of the rally closing the week at support and the bottom of the channel around 1.35. Start of this week price has already moved below the support making a new low at 1.34500 and...

nick.trader4 Updated 

Previously USD had been pushing down in a strong trend. More recently it has bounced off a strong daily support twice creating a double bottom pattern. Since then we have seen a few higher highs created but still remain in the consolidation range. I expect price to stay within this range until fundamentals like NFP drops this Friday and the USD can find a...

nick.trader4

The AUD is the one currency that hasn't been gaining on USD in 2017 like most currencies. I think this downtrend on AU could be coming to an end shortly, we bounced off some major levels and the last bounce was a Lower High. This could be the start of what looks like more upside in the future. As we know USD fundamentals are not that strong and USD looks to weaken...

nick.trader4 Updated 

Previous analysis on Fiber was for a move down to the major support zone to start the week. After the major support zone was touched a strong rejection occurred causing the overall uptrend to continue as we have ended the sequence of lower highs. The reasons for a shift back to the uptrend are stated in the picture. Higher Highs now expected again with a retest of...

nick.trader4 Updated 

Counter trend pullback seems to have come to an end with the double top confirmation bringing price back into the downward channel. Price has bounced off support and looking to rise to retest the top of the channel. This could be a nice short setup with favorable risk:reward.

nick.trader4 Updated 

USD/CAD recently shifted from strong uptrend based on falling oil prices and NAFTA issues to strong downtrend after OPEC announced an extension to production cuts. Right now we are testing a breakout of the downtrend, we could see a possible break to the upside or if prices stay within the trend we could retest support for a bounce or further downside. The...

nick.trader4 Updated 

USDCHF has been falling rapidly due to weakness in the USD. It has fallen all the way to major Daily support around 0.97000 where it has bounced nicely twice and since has been consolidating for a few days. I can see some more upside to retest the major resistance around 0.98000 price area but the longer term direction of this pair (whether it breaks the...

nick.trader4 Updated 

US Equities have been in a long term uptrend since Trump was elected back in Nov. 2016. The Dow saw new record highs during this period. The uptrend is still intact based on the TL bounces and we currently find ourselves at the record high area set back in the beginning of March. USD fundamentals will have a big impact on this trend whether it can continue or it...

nick.trader4 Updated 

Oil resuming downtrend after a rally from major support @ $45.25 to the top of the daily descending channel @ $51.75. The recent catalyst for this strong rejection of resistance was caused by Oil news after the OPEC meeting where they decided to cut Oil productions for another 6 months to reduce the supply glut. This is good for Oil prices as supplies have been...

nick.trader4 Updated 

Not a fan of cross currency pairs but GBP/JPY is one of the more popular ones and correlates well with USD/JPY. The strong uptrend where GBP was rising and JPY was falling came to an end with the confirmation of new lower highs and lower lows being created. Sterling has recently lost some of its strength after being rejected at major resistance also fundamentals...

nick.trader4 Updated 

Major news and fundamentals coming into play within the next few weeks. Continuations of a weaker dollar is still the motive until US data improves- this weeks NFP being the first shot. Anyways.. price has been consolidating in a few minor ranges within the major range of 111.500 and 110.500. Last week we broke an ascending channel in accumulation now waiting for...

nick.trader4 Updated 

Goldman Sachs is a very big bank yes.. I dont know much about stocks I dont trade them.. just doing analysis.