Get started

Yuan

GOLD, USD, YUAN: correlations explained by David BradyHi Guys, just wanted to share an interesting articole by David Brady @GlobalProTrader on 2nd August. I found it after reading this tweet by @TaviCosta twitter.com that hit my curiosity. Work in progress! Lol. 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
Yuan sharp reversalThis morning we saw another one sharp reversal of Yuan to growth. In the previous month, the People's Bank of China actively engaged in interventions in the foreign exchange market and spent on it more $34 bln, protecting national currency from disordrly decline, although it did not interfere USDCNH’s from crawling up. In November, we have already seen a couple of sharp kickbacks of the pair associated with good news from China, but the scale of the decline suggests that it was also the intervention of the PBC. However, such interventions do not fundamentally change the sentiment in the markets, and the moment of growth should be a quick return to the fundamental trend.
Short
by AlexKuptsikevich
How could you have avoided the drop in the stock market?For many conspiracy theorists familiar with the cover of an edition of The Economist from 1988, the 10/10/2018 is significant for being the date when a new world currency will be ushered in. It seems instead the date that traditional stock markets come tumbling down, with DJI down 1,300 points over the past two days and many other stocks following suit. China's 100-basis-point cut to their reserve requirement ratio is likely to inject about 109B$ into their economy and could devaluate their currency, thereby allowing China to make goods and services cheaper compared to the US. This could be a sign of China struggling against the US's aggressive trade policies. Any rattling of their economic growth is likely to effect markets globally, as it's the largest developing economy at the moment. Not only this, but the Fed's decision to raise interest rates means that the rate of borrowing goes up which dips into the bottom line of companies that need to borrow to finance growth. Higher rates restrict economic growth. This has made investors wary of markets at the moment and could be seen as reasons for the decline in the market. Saying that, it's too early to know whether or not we're officially in a downturn. Anticipating, and acting, on this news is difficult and risky. It's hard to beat markets with this tactic. The big moves always happen after the fact, but the smaller movements in the markets beforehand create ripples and divergences that can be spotted quite easily with algorithms. -=Simplicity=- God Complex is one of those algorithms that anticipates big movements as opposed to reacting to them. The chart above details the last 10 months of price-action against the DJI and if we assume an initial 10k trading position and compound the returns, then these are the results. These trades are without leverage too. 1st trade: +9.3% / 10930$ 2nd trade: +5.73% / 11556$ 3rd trade: -0.46% / 11503$ 4th trade: +0.46% / 11555$ 5th trade: breakeven / 11555$ 6th trade: -1.22% / 11416$ 7th trade: -1.01% / 11302$ 8th trade: -0.88% / 11203$ 9th trade: +1.23% / 11341$ 10th trade: +0.65% / 11415$ 11th trade: -0.24% / 11388$ 12th trade: -0.9% / 11286$ 13th trade: +1.54% / 11460$ 14th trade: -0.94% / 11353$ 15th trade: +1.18% / 11487$ 16th trade: -0.44% / 11437$ 17th trade: +1.83% / 11646$ 18th trade: +4% / 12112$ That's a return of 21.12% with the biggest loss being recorded at -1.22%. If you had of bought and held, you would have made about 5%. Don't react to news. Act before it. --------------------------------------------------------------------------------- docs.google.com
DJ:DJI
by overttherainbow
3
USD/CNH 1H Chart: Declining patterns is brokenAfter scoring a new high level last week, the USD/CNH currency exchange rate had declined throughout the second half of the week. During that time various patterns were broken. Because of that reason a review of the pair is conducted. The pair has revealed a large scale descending speculative pattern, in the borders of which a medum term channel down pattern was located at. Although, on Monday the descending pattern was already broken by a junior scale channel up pattern. The ascending pattern is most likely just representing the first move in the borders of a new to be discovered medium size pattern.
by UnknownUnicorn890690
USDCNH setting up for a correction => We are expecting profit taking in the pair over the coming sessions. the PBOC are beginning to support a narrative providing some short-term strength into the Yuan after months of preparing for the trade war with US. => This is a very complex environment so its time to stay out if you don't know what you are doing. => A Daily close below the 6.8676 is the only level to track here for bears, if we break we are set for a test of 6.8061 and 6.7382. => Good luck all
Short
by ridethepig
Yuan USDCNH - Wave 3 of 3 - Motive WaveSince the start of the trade war between the US and China, the Chin. Yuan has already depreciated by 8% against the US dollar. This will make Chinese products cheaper and thus cushion the US tariffs. At the same time, all US products will be 8% more expensive, plus tariffs. At the same time, US dollar-based loans are becoming more expensive and are likely to worsening the financial situation of a number of Chinese companies and thus lead to market consolidation. As you can see in the timetable, the pattern is Impulsive and the yuan is inside of the (3) circled 3. The RSI is already in the overvalued area so I expect shortly that wave (3) end and a subsequent correction wave (4) start. Best Regards Stefan Bode P.S. Do not forget to agree.
Long
by StefanBode
Expect Copper to Reach for New Highs!!!As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we have hit a significant topping point. Also, this can be seen as we have lots of sideways action in AUDUSD at the $0.73 mark. Also, expect to Gold to follow suite with new highs in the medium term. This is a great time to get long based on probabilities and risk/reward.
FX:COPPERLong
by adriel.arrasmith