Since Canada's 150 birthday, Canadian economy is like a rocket; Poloz seems having more confidence to rise rate.I wish all the stuff is true, but maybe the rate hike maybe too fast for this beautiful country. The inflation rate was 1.3% and only one time which is on Jan 2017, the rate touched 2.1%. The unemployment rate was 6.5%. The trade balance was -1.09...
Gold is weaker, and it has broken 1208. The next step, i would test 1187, I could not sure if it is a sort position, because USD could not be strong if US want to keep the bull market.However, gold price may target 1300. if breaks 1187 and going down, a confirmed short position will be 1187 to 1125
one of the reason that DXY keep low because some centre banks selling USD in the market. However, cheap USD makes BULL market.Red circle i draw is an important point, if index is going down and under the red circle, DXY will touch 94. That also a reason let FED consider increase rate soon ( inflation ) DXY is possible in 96-97 area which i always mention before.
See what will happen about RUN, it may go back soon after the price correction. I made red lines about possible turing level; i don't believe it will turing into bearish. However, pay attention on the price moving,
Because of possible rate increasing, the interest earning improve the bank's profit. My target price of td in next few trading day would be 54.
222K, wow. strong payroll let people think fed may rise the rate soon. Additionally. CAD would possibility rise the rate next week since 2010. The blue line will be the possible target pice of USDCAD, TRADE CAREFULLY
People are waiting for payroll tomorrow, and i found a potential trend about USDCAD. because the trade balance:-1.09, it has prevent CAD going strong today.In this situation, wait the data will being released tomorrow. Suppose unexpected employment data, Poloz would not increase rate next week. The target price of USDCAD will be 1.38.
Watch the red circle, that may the area of price correction.
Congrats the people who see my analysis and enter at the day i post my first analysis about WJA. YOU MAKE MONEY!!!!! Right now, i would say protect your profit and out. The stock is over buy, wait the price correction and renter next long position appearing.
The price drop yesterday is some one shorting the stock, and he is success. The big demand of electric car is in China; China-made TSLA has advanced competitive ability because of technology and lower price. Watch the position in 300, there is the only support point in 300 area. Other wise, long at 270. RSI shows oversell. I will target the price on 400 if the...
Be careful if having a long position on USDJPY. there are two mountain points at this price, that means USDJPY may going down. I believe, USDJPY will be in bearish. Trade carefully.
see if it go back to 45, and long at that price
is any one read my analysis about WJA and trade, you will be happy. I enter at 22.98 and makes some profit. Again, WJA is in bullish.
USDCAD is appearing the confirmation which the price may not back 1.30000. what for that confirmation. The red circle is a possible profit zone. BoC may rise the interest rate; watch the relates news and upcoming foreign trade data in this coming Friday.
Many traders worry about the bubble in real market in Canada; Actually, there are two main groups in this market: Chinese, indian and middle east. Comparing the house price in Chinese, it still is cheap in Toronto.Chinese government doesn't have any restriction on foreign currency exchange; that means people still can buy the house oversea. I believe the price...
oil was touched 49.95 today; every signal shows it is in bull bullish; however, the turning point remind to trade carefully. The employment data on coming Thursday and Friday, and another OPEC action effect oil move, otherwise, the price may go under 50.
If you see my analysis, congrats, you make money. Now, i would say close the position, because gold has already over sold, and it touch 1220.