reneordosgoitia

reneordosgoitia

The price for the week ahead is expected to be open with a huge gap because the strike on the Aramco oilfield, which one is expected to reduce to 50% of the current production capability of Saudi Arabia. This event is going to recieve a lot of bulls investor to the commodity but there is still a bigger situation on the demand side. Yes, it is what are you thinking...

reneordosgoitia

Last week the price of the dollar index respected the upper part of the channel and start renew the parth to the downside. The market is in a lateral movement in the 4h, opening on sunday with a huge upside gap, lets see what expect from the week ahead: In the fundamental side: The US-China trade talk resume achieve to finish, momentanly the inverted yield curve...

reneordosgoitia

The market on august had made huge movement from upside to downside and viceversa. August end with the price reaching the upper part of the band, trying to reach a new high. What to take on considerations: In the fundamental side: This month is gonna be fed meeting, coming up with no significant movement on the fundamental variables, an escalation in the...

reneordosgoitia

The last two week the price volatility was huge, in the weekly candle we can see a big short movement in the first week (5 - 9 august) but the next week (19-23 august) the price rebound and right now is consolidating in the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The market had respond to two big events, the first...

reneordosgoitia

The last two week the price volatility was huge, in the weekly candle we can see a big short movement in the first week (5 - 9 august) but the next week (19-23 august) the price rebound and right now is consolidating in the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The market had respond to two big events, the first...

reneordosgoitia

Last week the price volatility was huge, in the weekly candle the high touched the upper part of the channel and close in the lower part, forming an asteroid pattern (a shooting star in japanese candlestick language) What to take on considerations: In the fundamental side: On wednesday the Fed cut the interest rate as the market expected, but the tone that...

reneordosgoitia

The price is in the highest level since 2017, rebounding at the same time in a diagonal trend area which one had change from support to resistance diagonal area. What to take on considerations: In the fundamental side: On wednesday is the must important FOMC meeting in years, because is the moment the market must expect a cut rate since 2008. The market right...

reneordosgoitia

The price made a reverse at the upside movement at the 61.8 fibo level of the previous downside move. Now we can formaly said we have the two first big wave of the downside macro structure, that will be formed by a (1) - (5) wave structure. What to take on considerations: In the fundamental side: The uncertainty in the Fed cut rate situation on the coming...

reneordosgoitia

The price as we expect in the last week report, had go deeper in the retracement process and nice setups in the price historic structure. What to take on considerations: In the fundamental side: The strong data on US job released on friday dampens hope of a Fed rate cut but, according CMe Fedwatch tool the market still expect 1 cut rate for july FOMC meeting....

reneordosgoitia

The price finish the first day of the week wih an strong bullish canddle, touching the lower part of the channel, as we said the last week, the short position remind in the mid term or for the next week, but in the short term we can expect more upside movement. What to take on considerations: In the fundamental side: The weekend meeting between Trump and Xi...

reneordosgoitia

The price broke nicely the above drawn channel, right now we must just keep in mind to short entries in the currency. What to take on considerations: In the fundamental side: The Fed recognize finally that the economy is getting slow down, so Powell said that the case for easier monetary policy had strengthened. He is considering to cut the Fed rates in 2020...

reneordosgoitia

The price is in a retracement process, right now is forming a kind of doji pattern in the daily chart at the 61.8 fibo retracement level. What to take on considerations: In the fundamental side: The last CPI report, was lower as the market expected, so this information with the last weak job report, are the catalyst for the next FOMC meeting on wednesday to...

reneordosgoitia

The price broke with an strong weeky canddle the channel analysed since march, now lets analysed the trend and where are the odds. What to take on considerations: In the fundamental side: The very lower than expected job report on US allow to the price od the DXY to make a clear downside movementU. But on the weekend US and Mexico reach a deal in the...

reneordosgoitia

The price is finally breaking the lower part of the channel, sit and play this beautiful downtrend. What to take on considerations: In the fundamental side: *The trade war escalation of US against the world, now with Mexico and the progressive rises on tarrifs didn´t give a good taste to the market, the bond market is getting cheaper, with the spread of the 3...

reneordosgoitia

The price is coming back once again to the lower part of the channel, lets see what are the possibilities to a break of this line. What to take on considerations: In the fundamental side: *The US-China trade is generating concerns on the stock and the fx market the no deal situation is bringing uncertain in the construction of a clear market direction on the...

reneordosgoitia

As we can appreciate the price rebound from the lower part of the channel the price didn´t recieve the strong enought to break the line yet What to take on considerations: In the fundamental side: The US-China trade deal end with rise on tarrif on both countries, the market is pondering the situation. last week weak reports on consumer and industry are...

reneordosgoitia

The fibo extension is created according the "I" wave. The fibo extension is drawn from "I" wave to the parabolic "III"

reneordosgoitia

As we can appreciate the price is in the lower part of the channel area next week US-China deal is going to be decisive the break of this area. What to take on considerations: In the fundamental side: The US-China trade deal had get cold, with no deal yet the price makes huge movement to upside. The friday lower than expected CPI report hadn´t be relevant to...