TradingwDavid

TradingwDavid

In the previous collapse of the S&P 500, after the closing of some carry trade operations, investors preferred to buy the US dollar, which strengthened against all other currencies. Now, if there is a new bearish phase for the American stock market, we will most likely witness the simultaneous strengthening of USD. In this case, EUR-USD, whose price seems to have...

TradingwDavid

Take it for what it is, a strategy based only on the chart.

TradingwDavid

Only in the early 90's did the Gold/Silver ratio reach 100 ounces. Now it's way beyond!

TradingwDavid

From one week, the US dollar is heavily manipulated by some big hedge funds. Usd-Jpy (blue) and S&P futures (orange) chart shows what is going on. Two markets always well correlated, in the last week at the collapse of the futures has corresponded a strong increase in the currency pair. The problem is that almost all the funds have suffered heavy losses with the...

TradingwDavid

On the S&P FUTURES is forming a particular candlestick "pattern", a checkmate . A (bullish) checkmate consists in a series of long black (red) candles followed by white (green) candles (or small real bodies) near the same support level, and reveals that the bears’ drive is being “checkmated”. If the current candle will be green, then most likely we are going to...

TradingwDavid

A similar situation to that already seen on Eur-Usd. The Usd-Jpy chart photographs very well the current situation, where fear and ignorance rule on the markets. In a period like this, seeing both currencies and other safe-haven assets lose, also significantly, makes us understand how many traders and, most of all, fund managers are ignorant goats.

TradingwDavid

This is a time when markets are ruled by fear, sometimes by real panic attacks. But, it's also true that on EUR-USD everything, right now, is saying "long": fundamental, technical and volume analysis. In the medium-to-long term, the currency pair will most likely get back in area 1.25; in the short-time can happen everything.

TradingwDavid

During this time, we are witnessing to a surge in volatility. Spreads on VIX are becoming interesting. I wouldn't consider the first deliveries as we do not yet know when this period of fear on the financial markets will end. The spread I propose is VXK20-VXM20 (to sell). As we can see from the chart, the spread has turned into an always stronger backwardation...

TradingwDavid

After the strong bullish speculation on sugar finally ended, with the price is returning to more realistic values, my attention shifted to coffee. Coffee, which was also heavily speculated upwards, reaching an absurd price of $ 140, has returned to the $ 100 area and then rebounded. At the end of the bounce, as you can see from the chart below, a distribution...

TradingwDavid

Beyond all fakeouts, for copper until now the area $ 2.54 has proven to be hard to breakthrough. If the US stock market maintains its bearish bias also in March, then most likely this will be a right time to see copper below $ 2.50. However, the decline will be more pronounced on the copper at the LME (London Metal Exchange) than on that at the NYMEX. Be careful...

TradingwDavid

Which of the three scenarios, in the end, will draw the S&P 500 E-mini Futures?

TradingwDavid

We are experiencing a period in which, making analyses is not easy given that in the next months, episodes and waves of sentiment will dominate the markets. However, yesterday giving an eye to the COT report, I just could not restrain myself from making some considerations, in particular on one of the most traded commodities, the gold. From August until the end...

TradingwDavid

The decline in Eur-Usd stopped a few pips before the target area of 1.10600/1.10750 due to the bad data on Friday on American employment. Non-Farm Payroll +139k, but if we read in detail the data, we can see that Retail Trade + Leisure and Hospitality + Education and Health Services = +117.2k (they represent 84.3% of total new employed). If we add Manufacturing...

TradingwDavid

If I am staying bullish on Silver in the medium to long-term, price consolidation continues in the short-term. Hence, a return of the price to the support area at $ 16,650/17,100 is likely in the coming days.

TradingwDavid

A stronger US dollar in the next days will push down Eur-Usd . If it closes below the area 1.11400-1.11500, the next (bearish) target will be in the area 1.10600/1.10750.

TradingwDavid

The chart is end-of-day, so updated at the close of December 31. Today, at least for the moment, the dollar is recovering almost all the loss from the last session. At 7:10 (CET) the futures contract price is $96.37 with today's high of $96.43. It, therefore, seems to want to rebound on the bearish channel's support trendline. To try to reverse the bearish trend,...

TradingwDavid Updated 

My idea of BTC-USD is that it is coiling like a spring ready to start a new bullish phase. After the sharp rise, began with the candle on April 2 and ended on June 26, the currency pair moved in prolonged triangular congestion. In the sessions of 25 and 26 October, there was a strong rebound, but immediately afterwards the congestion phase restarted again, with...

TradingwDavid

WTI Crude Oil is moving within a bullish channel which in turn is located within larger rectangular congestion. Likely a retest of the resistance.