UnknownUnicorn1156963

UnknownUnicorn1156963

Last Friday price broke down a channel. I am not sure if it was a real break down or not. So, I will watch 52.20 – 52.50 range. If rejected there, go short with 49.80 target. But if consolidation takes place, the price will likely come back into channel. In this case, consider longs with target $55 a barrel.

UnknownUnicorn1156963

Last week was calm and gave scalping opportunities in many markets, including Gold. All thanks to a government shutdown. As a result not many economic reports were released. Powell recently said – the economy is doing well right now, but the weakness in the markets and the uncertainty abroad requires them to be patient with rate hikes. So, likely we will not see...

03:27

UnknownUnicorn1156963

Let’s talk a bit about USD. December job report has been strong with the US economy adding the most jobs since February. However, an increase in average hourly earnings won’t be enough to keep the dollar strong this year. Yes, over the short-term, we will see a rally in USD, but over a long-term dollar will dive. We expect 2 rate hikes this year. In recent...

UnknownUnicorn1156963

I know there are a lot of rumors now. And almost all of them are related to Mr. President – Trump. Well. I think January will be even more funny. But remember, it’s only noise. None of them will have immediate effect on the markets or be able to change money flow nearest time. However, let’s talk about the hottest topic. Next month Pakistan will be launching Yuan...

UnknownUnicorn1156963

It was hot week for EUR/USD. Brexit and Italy made it’s direction clear. Italy refused to submit budget proposal in accordance with EU rules. I don’t like their Prime Minister’s tone. It makes me think we will see more conflicts and possibly even sanctions against Italy. So, yes, expect more pressure on EUR. With such fundamentals upside is limited to 1.1550. As...

UnknownUnicorn1156963

short position

03:56

UnknownUnicorn1156963

Watch price action near mentioned levels

UnknownUnicorn1156963

short position

UnknownUnicorn1156963

Short position

UnknownUnicorn1156963

short position

UnknownUnicorn1156963

short position

UnknownUnicorn1156963

Long position

UnknownUnicorn1156963

not a trading call

UnknownUnicorn1156963

Not a trading call

UnknownUnicorn1156963

Wait for price action confirmation

UnknownUnicorn1156963

Wait for price action confirmation

01:17

UnknownUnicorn1156963

This is only forecast. Entries should be done after we get price action confirmation

UnknownUnicorn1156963

wait for rejection to confirm forecast