lavishlunch

lavishlunch

The EURUSD has reached a critical resistance for a possible short term direction. Entry on decisive move

lavishlunch

Gold is staying in its-upwards channel expecting it to keep rising. 1500 is a nice level to hope in for a longer term trade.

lavishlunch Updated 

EURUSD broke below the physiological level of 1.1000 creating room for a test of the previous resistance level at around 1.0925. Going below that level would leave room for the bears to test the bottom of the bearish channel. With the current uncertain political environment be aware of any move upwards pressure towards the top of the channel. I am bullish on the...

lavishlunch Updated 

The dollar has been king for some years now but are we seeing a top? I would argue the dollar can only go up due to the higher rates compared to other major currency fed rates. Though the obvious doesn't always play out Europe may see a sudden change in sentiment it cant be bad forever. Developing economies are in a rump but when they come out they will benefit...

lavishlunch Updated 

Gold looks to be forming a beautiful cup and handle. The 1915 level will be a critical point for GOLD breaking above this level could lead to a parabolic curve in gold similar to that of BTC. My outlook remains long term bullish for gold just remain with low leverage buys as we could see some pullbacks from current levels.

lavishlunch Updated 

The USDOLLAR has seen some pullback the last few days but broke out last week. If the current shallow support holds expecting this to just have been a small correction down before making a new leg upwards. All other currency pairs are in extreme interest rate territories relative to the US so expecting USDOLLAR demand to maintain strength. Entry level at...

lavishlunch Updated 

EURUSD looks like to be losing steam after hitting 1.1040 Great risk-reward opportunity Sell below 1.1040 stop-loss 1.1050 Initiate trailing stop-loss below 1.1000 with target 1.07.... If we head above 1.1045 I would take risk of the table and watch

lavishlunch Updated 

Crude oil looks range bound at the current moment with a break of the wedge up or down indicating a nice sell or buy opportunity. I remain bearish and am selling at the top of the wedge. Expecting to see below 50 by year end

lavishlunch

Australian dollar possible short term upwards correction but are we going to see a continuation of the down trend? The Australian dollar has been under pressure from a strong USDOLLAR and persistent weakening of monetary policy in the region. I'd expect to see some pullback here and see what happens as it could continue sharply lower as we have seen this year. If...