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Week12

DXY: Bullish but bearish in divergence with RSIHi Guys, the above structure reflects my view of the US Dollar Index (DXY). 100SMA supported the bull run started in 2014. 350SMA supported the bearish impulse 12345 following Trump's election. Structure since 2015 may be a wave 2 shaped as a bear flag that looks like a H&S with descending neckline. Since Mid Nov'18 hights made by RSI are diverging with hights made by Index. Last Wednesday Week11 Jerome Powell confirmed that no rate hikes are expected this year. During and after FOMC meeting DXY moved down briefly below 96 to recover just above 96,55. Now I have to work on the hourly chart to prepare for week12. 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.
TVC:DXY
by cozzamara
GOLD: Week12Hi Guys, since week9 Gold be forming a distribution channel representing a bear rally before extending the correction. 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.
TVC:GOLD
by cozzamara
GBPUSD, can Week 12's bear continue its move in Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. GBPUSD was expected to make a three-level bullish move in Week 11, however, it stopped at just two levels in Week 12. I was hoping that it can reach a higher high but seems like it didn't manage to. The bearish move came in in Week 12 moving the price downwards aggressively and ending Week 12 in a bearish level two zone. The analysis pointed to us that GBPUSD may continue to finish its third level bearish move in Week 13 and probably make a reversal pattern which can bring us to a bullish zone one in Week 13. That would be ideal but traders would still need to proceed with caution especially a big move has been made, the market might enter into consolidation after such movement. My general direction still remains bearish until a pattern is being formed to indicate a bullish move. I would be monitoring and scaling in for my short position in Week 13! I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in any way! Thank you!
Short
by xunnobi
USDJPY, Week 12 was bearish, can it change for Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. USDJPY seems to have reset the prevailing trend and move back up which creates another reversal pattern in Week 11, pointing to the direction that the pair would drop. In Week 12, USDJPY continues the bearish trend and ended the week with a new low and a possible level 3 bearish zone which is the zone where the pair would have its reversal from bearish to bullish. There is no pattern being formed and no other possible signal that we can spot here, so we should continue monitoring and no entry for USDJPY for the time being. It would be good to wait till the formation of a reversal pattern before we decide to trade USDJPY, however, the general direction for Week 13 would be bullish for the time being. I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in any way! Thank you!
Long
by xunnobi
USDCHF, a rebound in Week 12, can it stay bullish in Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. USDCHF continues its slide since Week 11. For all traders who went short, it would have been a smooth journey. The three levels of bearish movement took some time to end for USDCHF, it took almost two weeks, but nonetheless, it finished the bearish movement. On Friday of Week 12, it rebounded and made a reversal pattern which brings the USDCHF to almost a level one of the bullish trend. However, looking at how big the reversal pattern of the preceding bearish trend, it can be possible for the price to go back to the low of the reversal pattern, form another reversal pattern and reset the bullish trend. That being said, I am comfortable with taking a bullish outlook on USDCHF for now and would wait for good timing to scale in my position for USDCHF. No hurry for next week, it seems like it will consolidate for a while. I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in anyway! Thank you!
Long
by xunnobi
EURUSD, can Week 12's drop continue in Week 13?Before I begin, a big apology to my fellow traders as I did not post the analysis for Week 11. I was in one of the broker's annual dinner hosted in Malaysia and I did not have my laptop with me, thus I didn't present my analysis for week 12. But nonetheless, I traded and I hope all other traders profited from the up and down movement. So lets us dive into the analysis for Week 12 now and see what can we learn for our trades in Week 13. EURUSD made great moves in Week 12, it is very profitable for traders holding positions not more than 3 days. It has got a great rise and followed by a great fall. In the first half of Week 12, it completed a 3 level of bullish movement which hinted to us that a bearish trend should be coming soon. During the second half of Week 12, it made two great drops which completed two levels of the bearish movement and now we can see that it ended the week staying in the region of the second bearish zone. The analysis pointed to us that it would continue the Bearish move, however, be cautious that it can continue to stay in the consolidated second bearish zone for some time since it has dropped two levels in just a short span of two days. However, the current outlook still points to a bearish trend. I would be staying at the sideline to watch the market movement first before scaling into the market. I hope you guys continue to make a great profit in Week 13, and please help me to like and follow me if my analysis helped you in anyway! Thank you!
Short
by xunnobi