Vpa
Why The USD Is NOT Going UP Anytime SoonYesterday, September 18 the FED has decided to lower interest rates by 0.25%. The markets reacted in an odd way because instead of the US Dollar going down it went up, freaking up some traders and speculators.
The reason why I did not panic or closed my position short on US Dollar is simply because of 2 simple reasons (as you can see on the chart):
1. Price Action: yes the price went up with a fairly decent candle, with no wicks.
2. VOLUME: the combination of Price Action and BELOW average volume had shown me 1 simple but important thing, the big market makers i.e. big banks, hedge funds, Central Banks, did not enter on the move up. Why? They already knew that the FED will continue to pour and supply the system.
A fairly decent candle (no wicks) without a volume to backup it is called an anomaly. And every time we see an anomaly we have to stop and thing.
By the way, I have chosen the pair USD/JPY because for me it's a better thermometer for the USD.
TRX Rally - Correction Incoming?Analysis on the Hourly:
Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point.
If we watch the rsi closely, it formed a double top, which indicates going down.
Now there's two possibilities:
1) Either it keeps going up and touches 652-655 (Fibonacci cluster) ,
2) Or we have a short-term correction to the 570-575.
If 2) occurs, we need to watch that level closely, and find a bullish candle with good volume in order to enter a possible trade to 652-655.
Also, keep in mind that in the 4 hour timeframe, if it forms a hanging man, most likely 2) will occur.
I will keep updating!
If you want to share your ideas , comment down below and like if you enjoyed this analysis.
FSLR- BIG ER play FSLR will go up tomorrow on its ER, the stock has been going through the accumulation phase on the monthly weekly and daily time frames. This sets them up for a perfect explosion for this ER. In addition, the RSI is fairly low and the 8 EMA is holding as support. Furthermore, the volume is stable showing that the accumulation is getting charged up and ready to explode.
Gold short termLonged at 1325.
Gold in a Triple combo wave WXYXZ (abc, abc, abc)
Volume anomaly on last drop.
Nice volatility, I expect a good retracement from here (78.6 fib).
This is short term, Nice Risk/Reward ratio. Huge volume support at 1319.
If I spot this rolling over, i'll manage the stop accordingly.
*Nice Long*GBP has been recovering from short-term drop due to election loom, given the fact that it didnt break the support trend line clearly. *1.29285* would be a good long entry and TP at 1.304.
Trade Safe
GBPUSD SHORT - following improvement in US Jobless ClaimsTechnical: On the 4 hour A FX:GBPUSD chart, a widespread bearish candled formed. This was followed by a second, much wider spread candle, both of which were validated by increasing volume.
Fundamental: Initial jobless claims were released in the US at 10:30UTC+10 with a result of 236K down from 238K in April and better than forecasted 245K. All in all a positive result. In the UK, BOE held rates steady today, lowering 2017 growth forecasts.
Relational: US Bond yields up across the board suggesting a flow into FX and equities.
Gold Projection VPA - Hot JulyBring your suncream, this summer may be nice and hot for gold !
Cheers,
Keops
