Hey guys, as we are bearish the USDX we are considering buying the eurusd at around 1.07 with a stop loss at around 1.06256 and an initial target of around 1.10 which allows us to have a risk to reward of around 3.11. Our own calculated Intermarket indications also supported our idea of higher EURUSD. Let's see! This trade is a trend trade. BUT why we took the...
Hey guys, just a short trading setup. We took a long position at around 1.3325 with a stop loss at around 1.33033 and initial target of 1.3387. This trade is just a range play. BUT why the position we haven taken is because of structure and Intermarket reasons, so we didn't just bought it randomly there is a strategy and structure technique behind it. For more...
Hello Traders, GBPJPY is a daily long correction with higher highs and higher lows. This pair is in a weekly downtrend. But we will expect a higher degree correction to at least 148.65 to the last significant high at 148.00. We try to take a long position when it shows us a clear trend changing structure in a lower time frame. We hope this will give you a sense...
Hello Traders, today we want to share with you the OANDA:XCUUSD as it seems to reach our next critical area. Looking at the long-term perspective, after the US elections in November 2016, the market broke out the consolidation phase around 2.0000 and initiated a long movement. Currently market consolidates again around 2.44-2.80 and on the H4-perspective...
Hello Traders, today we would like to share with you the SPX as it shows very interesting moves currently around the 2350 level. "White House says vote on healthcare bill scheduled for 19:30GMT (via. Reuters)." Therefore, the market currently tumbles sideways as uncertainty arises, everyone is looking at a decision which could move the SPX as it currently...
Hello Traders, we hope you had a successful trading week. In this short update, we wanted to talk about the USDJPY and why it could move lower thru out next week. After the market rose about 17.09% in last years impulsive to the upside, the USDJPY was in a sideways trend for weeks. Now the market broke its key level of 111.476, which could open up an extension...
Good evening Trader, Today we want to share with you the FX:GBPUSD as it seems to react at current level. As market moved higher towards current major reaction zone, market may reacts and extend lower at current trading level. Tomorrow we will expect the UK retail sales which are expected to be higher than previous reading (0.4% vs. -0.3%). If you consider of...
Hello Traders, today we want to share with you the FX:EURUSD as it currently flirts with our decisive zone. As we taking a look at the previous movements towards our reaction point, which is characterized by a clear momentum driven upwards sequence, we now need to be cautious about current continuation. If we take a look at our inter-market indications, it...
Hello Traders, Today we will share with you guys the FX:EURGBP as it seems to show soon further depreciation towards lower trendline around 0.845-0.85. It currently seems that we see more outflow of capital and profit taking from big investors around the current resistance level. As we believe a further appreciation of the GBP before turning south again in...
Hello Traders, we hope you have a relaxed weekend. In this idea, we'll be looking at AUDUSD long. As the market shows us a bullish sequence against the December low 2016. We will expect further bullish momentum in AUDUSD. Especially commodity currencies such as AUD, NZD and CAD. With Gold and Silver, new bullish cycle, we expect aussie, kiwi and loonie also to...
Hello Traders, EURAUD is in an intact weekly downtrend. However, the pair broke a significant daily trendline, which structure ways could tell us that we can see more correction to the upside within its short trend. If we see a nice breakout structure well gonna buy the pair out of its consolidation pattern. As off for right now we still wait for the pair to...
Hello Traders, Today we want to share with you the FX_IDC:NZDUSD as it currently flirts with a very decisive zone around 0.697! The current fall within the FX_IDC:NZDUSD is on one hand caused by the USD strengths, but more importantly because of the Commodity weakness which lead to the New Zealand Dollar weakness. Long-term sentiment within the NZD is more...
Hello Traders, AUDUSD is in a big triangle pattern in the daily chart, as you can see in the first chart. It was flirting with the last significant breakout highs at around 0.7536. Where also the 200-day moving average comes across. The main idea is now that the market should at least bounce from its current daily levels. Therefore, we waited last week for a...
Hello Traders, In this short weekly outlook it is not about any trading setup rather than an opinion if Trump’s infrastructure plan will influence the direction of Oil prices in 2017 and beyond? First, if we look at the US Oil price we can basically see three phases so far. We will start back in 2014 as oil prices started to plump massively in Q3 of 2014 from...
Hello traders, Today we want to share with you our TVC:SPX perspective as it starts to flirt with a very decisive zone at around 2400-2450. Currently market seems to be a very decisive level for the market weather bearish sentiment will kick in soon or not. Current fundamental important facts to consider: FED rate hike (rate odds jumped in previous days...
Hello Traders, Today we will share with you guys the FX_IDC:GBPUSD as it seems to show soon further depreciation towards 1.21. However, it currently seems that we see more inflow of captial as the USD as a whole lost some strengths after Yellen speech on Friday. Market will very closely watch next weeks NFP on Friday next week as key driver for March rate...
Gold is in intact long trend with higher highs and lower highs. Gold is currently now pulling back from recent levels. In case of a retest of the last highs between 1216.42-1223.82, we will consider long trades against these levels with a potential stop-loss below the 61.8% Fibonacci retracement. Initial target for gold is still 1280. So we will only consider...
First of all, in a technical perspective we shouldn’t deny that Gold and Silver are in an intact long trend with higher highs and higher lows from the last significant low of 12/15/16, where the market bottomed at around 1123 US$/OZ in gold and 12/23/16 at around 15.64 US$/OZ in silver. From their gold rallied about 12.52% to 1263.14 and is now currently pulling...