The_Rich_Bull

The_Rich_Bull

2011/2015/2020

The_Rich_Bull

First sell blocks allocated.

The_Rich_Bull

Very important zone for USD. From now, every break will be decisive for the direction.

The_Rich_Bull

Last week a new sell orders appeared as the decline in the price was followed by increasing bearsih volume. Three weeks in a row, Commercial long positions have decreased, showing thah the market participants expect lower prices. First buy zone - 0.697- 0.694 Second buy zone 0.679 - 0.675

The_Rich_Bull

This is what I call support (chart 1). High volume, strong support level, EMA 200 and a fresh low price, since July (chart 2), but...is that enough to be bullish? I wouldn't say. First of all, on a daily basis, the price is still bearish, and not even a Pin, which means, except a support, US session didn't bring significant gains for EUR against JPY. Additionally,...

The_Rich_Bull

Don't trade your position in one trade. Allocate in blocks and average them like an institutional trader. - Noncommercial long positions have increased by 3,6% as short positions have decreased by 4,3%. Long contracts remain less than short with 2K. - Long commercial positions have decreased by 3% to 80K, as the short have increased by 3,1% to 76K

The_Rich_Bull

AUD Last week AUD made gains with a rising volume, but the price range is still in a neutral zone. For the time being, no trade is recommended. If the price breaks the channel upward, it has two resistance zones. - Sell zone 1, as it is the start of the sell-off 21st September - Strong resistance - Sell zone 2, a two-year peak - Stronger resistance - Sell zone 3,...

The_Rich_Bull

A very high volume wide spread pin bar appeared today during US session at 1.3858 (chart 1). This is due to EMA 200 on a weekly basis. As already mentioned, Moving Average 200 is common used by investment banks, as they open positions there (chart 2). The closest resistance level is the zone between 1.34 and 1.35 (chart 3). Since we have high activity around...

The_Rich_Bull

On Tuesday, high volume sell-off appeared on gold, as $1916 was tested twice as a resistance. The correction was 2/3 (Fibonacci) of the sell-off. On Friday, US session started with a new bearish move with increased volume, as the subsequent correction was 1/2 (Fibonacci) of the highest volume candle. If price breaks out the down trend line price $1990, most likely...

The_Rich_Bull

US Dollar futures On Friday DX found a triple support around 93.5 (EMA100/EMA200 and a trend support). On a 4H chart, the DXY broke both, EMA 100/200 with increasing volume showing a bullish participation followed by a low volume correction and a successful test with a high volume test candle. On a weekly basis, last week finished with a bullish move with high...

The_Rich_Bull

GOLD Futures One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility(volume) increases. Either to break out, or to reject. In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of...

The_Rich_Bull

Since the support level 129.9 has been broken out once, the price will reach the next support level at 122. The bearsih volume is increasing again while the price is declineing.

The_Rich_Bull

Several sell pressure candles appeared in the last couple of weeks, showing that investors are looking for other assets. 21st September weekly candle broke the August 2011 support level with increased volume. The high of the weekly candle is $1963 as it is a very strong resistance, based on the traded volume. In case of rejections of that price, most likely will...

The_Rich_Bull

Last week EUR/USD finished with a low demand on the CME Futures market. After the breakout with an increased volume two weeks ago, a correction has appeared. The price range 1,1430 - 1,1500 is still not tested as a support, as since the end of July the movement is based on a major range and increased volume. This is a bullish signal. On Friday, the price broke...

The_Rich_Bull

The Futures of USD Indexfinished the week on a red as the accompanying volume increased. The growth of US dollar 3 weeks ago was with wide spread and low volume, showing no demand in place. Additionally, the price rejected to break the resistance level from March. This is a sign of weakness as a new sell-off is comming in next weeks. The most recent and strong...