TradingExpertGroup

TradingExpertGroup Updated 

WTI trades at a three month high currently, around the 60 psychological value. From a technical perspective, we want to see the USOIL drop from the resistance given by the descending trend line, all the way to the 0.5 fib level of previous daily impulse which also aligns with previous structure. Previous Daily High 61.05 Previous Daily Low 60.04 Previous Weekly...

TradingExpertGroup Updated 

Complete meltdown for the pair, banks took the price down without any sign of correction. Now, COT data shows bearish EUR against the USD on the long term. Their reaction due to recent fundamentals: USD gained strength once again because of Trumps business conditions imposed to China. - tweet on 18feb. Chinese Economy suffering from virus related factors. -...

TradingExpertGroup Updated 

The US Natural Gas is now trading at a monthly low. From a technical perspective, price is now trading in the accumulation zone, MA's about to cross we expect the next push to the upside. Price is growing with increasing volume, now retraced to the previous resistance now acting as support. Therefore we will long the commodity at the price of $1.89 per cubic...

TradingExpertGroup Updated 

The USOil is now finding a strong support level under the previous demand area $51. Already creating a double bottom formation, we now expect a break upwards. The uptrend should start to form now with prices bouncing above the 50-100 EMA's. On the retest of the $ 52 level, we can put our pending buy orders. The target is $ 59. We might close part of positions...

TradingExpertGroup Updated 

The US 100 composite is now correcting from its monthly rally. The market remains still bullish. We want to catch the retest of the high, price is now trading at the hourly 200MA. Therefore we will long, with the price target of 9700. We will place buy limit order at price 9530, at demand area. Traders if you follow this idea, we recommend entering with...

TradingExpertGroup Updated 

EUR/USD retested 1.100 liquidity area, now with the possibility of creating a fake break. We now expect a pullback for the dollar and a push to the upside of the EUR/USD pair. Even though our view on this pair is bullish, we want to see at least a retest of the 200 MA. We will long now the pair with the target of 100 pips, price 1.110. The conservative way of...

TradingExpertGroup Updated 

The pair melted down nicely, completing a daily Head and Shoulders Pattern. DXY has gain some up momentum and entered back the channel. However, we expect now a drop for the dollar, a change of the trend is singled for us. Now, AUD/USD is finding support around the 0.675 price area. We expect now a retrace to the 61.8 fib level of previous impulse. The overall...

TradingExpertGroup Updated 

WTI Crude Oil touched the bottom support area of 51.70 - 52.40. Started the correction, now we expect one more retest of the strong support creating a lower low and making a double bottom formation. From a technical perspective, the USOIL has to start the up-move towards the 61.8 fib level. Potential of climbing up to the 63$ per barrel price. The technical...

TradingExpertGroup

We want to see gold drop-down, as we already posted last week. From the technical perspective, price is now trading at the top of the bearish channel band and might face a strong supply zone, also given by previous daily resistance. The daily pattern is a head and shoulders now forming the right shoulder. The next move down should cut the 200 MA and confirming...

TradingExpertGroup

Gold has now formed an downtrend channel. Pattern is now clear. Already retested the upper band, creating a fake break. Now we expect price to drop at weekly support. Banks already closing some long and short positions, now we might see the building of their shorts. 10k shorts were closed , this week we can see also big volume of longs closing, by the big move...

TradingExpertGroup Updated 

EUR/USD had a strong impulse to the downside recently, broke down the uptrend channel bottom and might also retest 1.1. This is likely to happen due to the ECB's monetary policy statements. We want to see now the pair retrace and retest the counter trendline of the channel. We will long EUR/USD now from the support zone and put our price target at 1.110. 50 pips...

TradingExpertGroup Updated 

EUR/JPY had a strong impulse to the upside last week, now is approaching back the lower band of the channel. Retail traders are 50 50 on this pair, market makers will probably keep the price in a range for short term. From a technical perspective, we want to see this pair retest the 122.50- 80 resistance zone. Best entry for longing EUR/JPY is just under the 200...

TradingExpertGroup Updated 

Price of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see...

TradingExpertGroup Updated 

COT reports showing strengthening of NZD for some time, bringing the situation to almost neutral direction of the pair, possibly a range in the future. Based on weak DXY we want to see a push to the upside before going down to the lower band of the channel. Technically speaking, NZD/USD is trading at the middle band of the upside channel. We expect a short term...

TradingExpertGroup Updated 

Due to further fundamental events and the lately USA - IRAN war tensions, Gold rallied back up and reached 1600. However, from the technical perspective XAU/USD found the strong resistance area of 600-608, pulled back making a fake broke of previous resistance and long term up trend channel. Now, fundamentally speaking the USA - IRAN tensions seem to loosen up...

TradingExpertGroup Updated 

COT reports showing change of uptrend for Dollar. We expect downtrend for DXY. EUR/USD trades inside up trend channel and we want to see the next impulse to the upside soon. Best entry is at the 200 EMA 1.110 price level, still we can start longing the pair already. First target is 1.123 found at previous high. On the longer term we still have a bullish view on...

TradingExpertGroup Updated 

WTI hit the 63.50 target. Now from a technical perspective USOIL needs to pullback at least to the 200 EMA level of 59.50. Potential of entering back the channel. Non-commercial's are holding massive amounts of longs (91%). They should start closing, changing the trend of the WTI Crude Oil. And of course, all of the above is valid only if fundamentals are...

TradingExpertGroup

XAU/USD From the technical perspective, gold finds strong resistance at 1475-80 zone, given by the bearish downtrend channel and previous strong fib level. Now if gold breaks counter trend line, on retest of 1465 level we can start shorting. From the fundamental perspective we are still waiting for the us-china trade war ending. If we will have the phase one...