I wated to share some thoughts on the cable as it is in line with how I look for trade ideas and hopefully you might learn a thing or two from this article. Although I could be completely wrong about this, I have seen such setups many times to make me confident about what I …
Why I think GBP/USD’s “double top” is a bear trap Read More »
There hasn’t been much to get excited over in FX over the past couple of days, but with vaccine optimism still the more dominant theme, the US dollar continues to be sold. If the trend continues, the EUR/USD is a candidate to look for long opportunities on, given that most people are bearish on it …
I talk a lot about liquidity and trading the inside bar failure pattern, so I thought let’s create a short video and discuss these topics in greater detail. So how do you trade the inside bar failure? Here is how I do it: If you want to learn how I turn my analysis reports and …
Following several failed attempts, gold looked set to break and (hopefully this time) hold above that long-term and pivotal level of $1920/1. In this video, I have provided my latest thoughts on gold, silver and the dollar index, and given some insights in how I manage trades. There’s something to learn from this video, even …
Have a look at this silver monthly chart below: A lot of people are presumably waiting for silver to get back down to re-test broken breakout area around $19-$20, before loading longs again. If silver gets there, it would be a bearish sign IMO and I would only expect a modest bounce there. Indeed, in …
The USD/CAD may be about to resume its bearish trend, thanks mainly to ongoing weakness or the US dollar and the rebound for crude oil boosting the appeal of the Canadian dollar. More to the point, there was a technical failure for the USD/CAD to hold its breakout above the key 1.32 handle on Thursday: …
Will it bounce and resume its bullish trend or break down and drop like a stone? Gold, which has been correlating more positively than negatively with the S&P 500 over the past few years, has fallen along with technology stocks in recent days. The dollar has also bounced back, and this has provided additional pressure. …
Both precious metals have continued higher as the breakdown in the gold-silver ratio caused silver to jump 6% as it broke though the $20 psychological hurdle before reaching $21. Gold, which had already been outperforming for months, has also extended its gains, but less spectacularly. As promised in my previous analysis video on precious metals …
[Video] Gold closes in on all-time high as silver jumps 6pc Read More »
Both gold and silver extended their gains today, so I figured it was time to provide some analysis on the precious metals. People that follow me know I have been bullish these metals for a long time, and I continue to think more gains will be on the way, especially silver which looks relatively inexpensive …
Following the publication of another impressive US jobs report, risk assets have extended their gains with European and US indices rising sharply. In case you haven’t seen the headlines, a good 4.8 million non-farm jobs were added in June with the unemployment rate falling to 11.1% from 13.3%. What’s more, the prior month saw an …
