reneordosgoitia

reneordosgoitia

The market is in a strong uptrend. Right now is in a consolidation, but the bull sentiment will break up the structure. Today (14/10/2016), Yellen said the Fed might want to run a "high-pressure" policy, this can mean a expansive monetary policy, however, the market has already discount a non rate hike on October and November. The "countdown to the FOMC" of...

reneordosgoitia

The price has almost complete the 5 downtrend wave.

reneordosgoitia

As we can see, the price, is in a downtrend channel, with a previous upside rally. so this current direction, could be just a reversal structure of the previous movement. The 0.5 Fib level, is a significant area, at this level, the price started the movement that will beat the L-L peak marked in the downside red line drawn. So I expected, a rebound in this...

reneordosgoitia

The EURUSD, for many days, had been in a downtrend rally, expecting a interest rate cut from the Federal Reserve. However, many events changed that perspective: * the disappointing data in employment created on May. *Brexit on June. *the insignificant quarter GDP growth. Those factors are creating new expectations about the federal rate hike for thi year,...

reneordosgoitia

We can aprreciate an strong movement to the downside direction, breaking channels in the same way. But this force will be exhausted, and shall start a new upside trend. eAs we can see, in the 61.8% Fib line; round to 0.72317 there is a support area, In that point, i will expected tho reborn of the natural cycle of life

reneordosgoitia

As you already know, the brexit effect on all financial market was significant. The USDJPY broke the important area of 101.000, in just matter of minutes, an area that the market respect for almost a complete year (2014). That force, hasnt finished. this impact has created new areas that will help the price, impulsing it to the down direction. The financial...

reneordosgoitia

According Elliot, a wave cycle is about 5 impulse and 3 corrections waves. As we can see, it has already complete, so now is a good time for buy. Fundamental: *the ECB is starting to reduce it position in excess of stimulus. * Yellen is waiting for a fairy tale world for star to increase interest rate.

reneordosgoitia

The price will go to a significant supports levels, that would bring strong enought to impulse the market in a bullish movement.

reneordosgoitia

The price is right now in a consolidation, i am waiting for a retracement, as you can watch in the downside arrow to take a long position. As you can see in the chart, it has end its impulse season with 5 waves, now i am waiting at least 3 waves in a downside way before it touch the 38.2% fibonacci level, and start a now impulse cycle.

reneordosgoitia

I dont know exactly in what moment is going to happen, neither if it is going to make huge wave before. But is clear that the price broke down a downtrend channel, so i am far away convinced when the price return back to the 110.000 area, it will be just a retracement, before the big move to downside. Take note about it.

reneordosgoitia

This year we have seen a big consolidation in the EURUSD, product of the uncertainty behind the central banks(Fed, ECB) undecision about the stimulus degree they are going to provide in the mid term. Some FOMC members are giving signal about two more possible increase in the Interest rate for this year. All this situation is the cause of the downtrend movement in...

reneordosgoitia

Wait for a retracement for go long, Eur is getting strong, an Yen weak.

reneordosgoitia

On wednesday the Federal Reserve is going to make an statement about the US economy situation, bringing us a signal about what is going to happen with the federal rate in this year. The job creations, and the unemployment rate are almost in the full employment state, bringing pressure enough for a second interest rate rise in the year. So in that order of ideas,...

reneordosgoitia

Last week Mario Draghi had surprised the market with his announce of an possible scenarie of no more monetary stimulus on the economy. Bringing a sigh to the bull traders on EURUSD. According to the chart, we can see an importante price area at the level of 1.1200, at the same time, we can watch an decreacing channel, with LH, creating a descending triangle...

reneordosgoitia

EURCAD is in a consolidation, trying to break up the price 1.4800, but the big movement of the price is to go down. Lets find out, an appropiate entry, and wait the break even.

reneordosgoitia

the price is in an important area, as we can see with the fib retracement, so it probably would go back until hit the channel again. In that point, we are going to look for the appropiate entry. Is a long term analysis.

reneordosgoitia

The price of the USOIL is in a uptrend channel, however, it has touch a significant resistance area, losing it strenght. So it is going to break the channel in a downside direction, and will rebound in the 30usd price area, area created because the coalition created in the middle east with Rusia, if Iran participate in the aggrement, it will break the 35USD area....

reneordosgoitia

The price is doing a consolidation from a huge downside movement. As we can see, it tries to break out the 0.69 price, but in the second chance it fault. So, a good entry, is wait for the break even to go short; as it did before, in Oct-Nov.