DXY in 2019 WoWHi Guys,
this is just a snapshot of DXY performance in 2019 week by week in H4. Interesting will be to study the last 10 candlesticks in the W chart.
RSI making lower tops compared to price.
2018 tops were attacked again at the beginning of 2019. Start 2019 bullish. Maybe time to pull back.
My view is not formed yet but AToW I am watching price behavior on the 50SMA at least throught all week11.
Let's see.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Cozzamara
US Oil: Week10 updateHi Guys,
the arm wrestling between Trump vs OPEC shifted in favour of Saudi Energy Minister Khalid al-Falih in mid-Week10. The barrier that Trump tried to build with his tweet has been broken and sentiment is now heavily overbought.
The rally was triggered by remarks by U.S. special envoy Elliott Abrams that Washington planned “very significant” further sanctions on Venezuelan oil and boosted by the Crude Oil Inventories report. Also last week output was adjusted lower and U.S. crude production expected to grow more slowly in 2019 than previously forecast.
Add all togheter = Oil prices go higher.
Next the publication of monthly oil market reports from both OPEC and the International Energy Agency on Thursday and Friday.
TIP: I read somewhere that the Canadian Dollar follows quite well Oil's move.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: Week10 update2Hi Guys,
if you drag backwards the above chart you will find LS in week4.
LS (left shoulder) week4
H (head) week7
RS (right shoulder) week10
IMPORTANT: RS was the idea, opportunities were along the way. At 1310 Gold will start facing resistance. Be carefull.
For a complete picture please refer to my post dated March 10 in the related ideas linked below (GOLD: week10 H4)
Next step: wait and see if the H&S will complete and how.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: week10 updateHi Guys,
it's Thursday Week10 and DXY has been coming down since last Friday. It may have found support on the 1000SMA at approx 0.618 Fibonacci retracement of the move 0 to 5 that occurred in week8 and week9 but ATwO 50SMA trying to push prices down from resistance at 96.76.
TO NOTE that price bounced on 1000SMA when sentiment in RSI was oversold.
TO NOTE that price formed already 3 supportive patterns on the 1000SMA respectively in Week1, Week4 and week8 (as shown in DXY: week9 overview (4H) linked in the related ideas below or the following screenshot).
Strategy: to wait and see, Price may attempt to climb back above 97 but if it fails it may start a decline towards 96.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: week10 updateHi Guys,
this is an update of the post USD/JPY week10 linked in the related ideas below.
View is unchanged: the pair remains squeezed between the two SMAs.
In view of US dollar bearishness and Gold bullishness I would be inclined to be bearish on this pair but I have not made up my mind yet.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USOIL: Week10Hi Guys,
following Trump's tweet at the beginning of Week8, Oil ranged throughout Week9 entering Week10 with a bullish bias due mainly by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity.
This is an arm wrestling US vs OPEC between 57 and 55. Let's do not get involved but just sit by the river and wait.
I don't now who is going to win but as sheep my job is to follow.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: week10Hi Guys,
The U.S. dollar index is a measure of the value of the U.S. dollar vs a basket of currencies which include the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. The euro holds the most weight versus the dollar in the index, constituting about 58 percent of the weighting followed by the yen with about 14 percent.
And this is why DXY and EUR/USD do unfold very similar negatively correlated movements.
In view of this, according to my previous post EUR/USD: week9 (related links below), DXY maybe forming a bear trap on the 50SMA and be pushed up by the 100SMA.
On the other hand it could break support at 97 and extend the correction of the move from 0 to 5.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: Week10Hi Guys,
the above to show the performance of USD/JPY since the beginning of the year divided in weeks.
H1 chart (compressed at max) shows an uptrend supported by two SMAs. The slowest should provide a balance of the trend and should correspond to 50 line in the RSI. The longest should provide support.
At the moment price is supported by the 450SMA with 150SMA coming down. If 150SMA resists and pushes, 450SMA is crossed and 110.762 is breached the pair may fall towards 110.
On the other hand, if price manage to cross the 150SMA above 111.500 it may attack the 112 and with momentum building it may even think about 113. Be carefull if it forms a bull trap when crossing the 150SMA for the upside though.
Anyway, it's only Tuesday and there is no need to rush any decisions. To watch also for moves on DXY and Gold which may impact USD/JPY.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: week10 update1Hi Guys,
on Monday morning Gold retrieved from Friday's hights along with sentiment as shown in RSI to find support on the 100SMA at approx 1290 in the afternoon.
Retail Sales were up today but faild to uplift DXY above 97.40 turning short term sentiment for US dollar into bearish (positive for Gold).
AToW Gold is still supported by the 100SMA even if sentiment is below 50RSI. Today's move retraced approx 0.618 of last Friday's move (A to B). The bounce on the 100SMA may be the start of the 3rd wave going into forming the second shoulder of the potential H&S into or just above the 250SMA coming down. (For the potential H&S pattern please refer to my posts in the related ideas linked below). However, if 100SMA is breached next step would be 1285 and H&S just a mirage. Be carefull. At midnight Fed Chair Powell speaks. Tomorrow CPI datas but mainly UK Parliament vote on Brexit deal.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: week10Hi Guys,
this is a follow up of the idea I posted on March 3, before week9. See the H&S pattern taking shape?
The yellow metal seems to have found support at same level as in week3 but below the 156SMA and most important below 1.300.
Week10 will provide interisting opportunities as it unfolds therefore I would not rush in on Monday morning but let the price make the first move before pulling the trigger.
Repeat 1.300 is very important and I would expect volatility to increase at this level.
Time is of essence if you are looking for the perfect moment. Try to imagine this: price starts week10 going for an high. It reaches the 156SMA (blue) and on Wed (mid-week10) makes a bull trap below 1.320 on the blue SMA to complete the right shoulder and crosses again the 1.300 to dive into week11 towards 1.280.
Wouldn't it be nice? Lol of course it would but for the time being it's just my imagination and I am not a fortune-teller.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/USD: week10Hi Guys,
following the move down on Thursday Week9 I would expect bearishness to continue ranging throughout week10 below the SMAs at least until mid-week.
On Monday morning, same as GOLD, before 9 o'clock, the pair may reach for the SMAs just above 1.12526 to be pushed back below at opening towards 1.12 again. Maybe a potential bull trap forming on those descending SMAs.
But I would reccomend coutiousness as we are at the beginning of the week and clearer patterns may unfold towards mid-end of the week.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: week10Hi Guys,
GOLD could range below 1300 all week10. On Monday morning before 9 o'clock price could break above 1300 level but if pushed back below by 250SMA at opening price will form a bull trap that would look for support on the 100SMA.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: week10Hi Guys,
111 is key support here. Since the beginning of the year following the big dive to 105, USD/JPY climbed reguralarly from 108 to 112. Week8 brokeout without hesitating for the upside to hit 112 and week9 ended with a retest of 111. Monday morning could still hit week8 low and if it does I will probably go for a bounce. But after that I expect a week a ranging which I look forward to identify as soon as it unfolds during week10.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/JPY: week10Hi Guys,
following week9 fall I would expect some period of horizontal consolidation throughout week10 above 124.420.
However, on Monday, if price falls below 124.420 before 9 o'clock, I will look for a rebound from 9 into lunch time.
I am expecting a bear trap on this level but for the time being it is just in my head and I have to wait before I can take any position.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Love, Respect, Be Carefull, Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/USD: Week9 UpdateHi Guys,
EUR/USD and DXY are unfolding their moves. Watch out for USD/JPY and Gold that seems lagging both.
Strategy: See my last post in the related links below.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
US Oil: Just a thoughtHi Guys,
below I will post the weekly chart as tomorrow it's Friday and the weekly candlestick closes.
See how in the weekly chart the 10SMA is supporting?
I know, maybe a too bigger daily candelstick is required to go above 57.94. Maybe next week...meybe never.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Oil: Week9 UpdateHi Guys,
Monday and Tuesday it tried to move higher but was kept under the 195SMA. Wednesday tried to move higher but again failed and now the 75SMA could push it towards 55.67 level. If 55.67 level is breached Oil may dip to 55.
Let's wait & see.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: Week9 UpdateHi Guys,
the scenario has not change much since my last post.(see USD/JPY: Week9 Kick Off in the related links below).
The pair is ranging between 112.000 and 111.640. Momentum seems fading more and more and if price falls below current support @4, price could retrace 50% of the move 0 to 3 in accordance with the rule of wave alternation (if wave 2 is shallow, then wave 4 will be a deep correction).
At the time of writing price is attacking 111.640.
Strategy: Wait & See
Keep an eye on EUR/USD and DXY
Also watch out if it resume the move up towads 112.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: Mid-Week9 Update - bouncing or crossing? Hi Guys,
it's Wednesday and the DXY may be bouncing on the 50SMA or crossing it.
In the H4 chart that I posted yesterday the 50SMA follows the swings. Maybe in the H1 chart (above) the 50SMA provide support for another attempt to climb above 97.
On the other hands please note a similar structure (1234) in USD/JPY which may extend the bottom of wave 4 deeper before attacking 112. (see the Related Ideas linked at the end of this post).
Let's see how it unfolds.
Strategy: Wait & See
At the moment DXY do not provide any trading opportunity that meets with my trading criteria.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: week9 overview (4H)Hi Guys,
since my post of Feb 24, price crossed through the black box to bounce on the 1000SMA, cut the 50SMA and run towards 97 where it met resistance and stopped.
If and when it will cross resistance at 97 I don't know. This structure just show a sequence of highs and lows that form a triple bounce on a very long SMA.
Nice swings though! Lol
Strategy: Wait & see
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/USD: week9 overviewHi Guys,
this pair started week9 going down. Same as Gold and contrary to DXY.
RSI very close to be oversold. If momentum builds up and price crosses 1.12832 there may be potential to get to 1.12526. However be carefull that price could also bounce from here and look for the SMAs to cut short-entries aiming at short-term profits like me.
USD/JPY stopped at 112. DXY stopped at 97. EUR/USD may be stopping at 1.13. A move in one of these three market may anticipate a move in the others.
Strategy: Wait & see
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/CHF: overview (week9 H4)Hi Guys,
on Feb 11, 2019 I posted some thoughts on EUR/CHF and USD/CHF in relation to their PEG (please refer to the Related Ideas linked below).
EUR/CHF at 1.20 (A)
USD/CHF at 1.02 (A)
Both are travelling below their PEGs.
With reference to the 4H Chart posted above, please note it is just a structure and do not provide any trading opportunity for the time being in accordance with my trading "style".
In relation to their PEG, EUR/CHF is lagging compared to USD/CHF but I don't think I can be sure that EUR/CHF will catch up. Yet.
EUR/CHF on the weekly chart may want to touch the 225SMA again before running up towards its PEG if USD/CHF crosses and run above its PEG.
But the fact that USD/CHF hit its PEG does not mean that EUR/CHF will hit its PEG too. In the past USD/CHF hit its PEG several times whilst EUR/CHF only once back in April 2018.
Strategy: Wait & See
Watch out for news & datas that may help to indentify moments of strenght or weakness of the Swiss Franc.
Thank you for your support and for sharing your ideas.
Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas.
Respect, Be Carefull and Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/CAD: some infoHi Guys,
following the drop from beginning of 2019 USD/CAD made an inverted H&S supported at 0.618 retracement of the run from A to B.
Watch DXY and USOil for correlations.
If you want to see the move Oil made since Khashoggi's assassination please click & play the following chart.
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.