varietyjones

varietyjones

This is an update to my related chart (see link below) Update: Gold is rising quickly. I am still hoping for a retracement. I have updated my entry positions to: First Entry: 3023.365 which is in the middle of a new support level on the 1hour chart. Using Fib on the Bullish Pennant target, this entry is at the 0.5 level. Second Entry: 3012.392 which is within a...

varietyjones

I see two outstanding targets from a previous Triangle and a Bullish Pennant on the 1hour chart. Right now Gold keeps hitting a soft resistance block. First Entry at 3,009.388 near 0.5 Fib Second Entry at 2,998.41 between 0.618 and 0.786 Fib Risk to Reward: 3.15 Gold remains bullish. In support: Name Simple Exponential MA5 3020.87 Buy 3020.99...

varietyjones

If there is no deal reached by 31 October I forecast that the sterling will continue to drop.

varietyjones

Until 31 October the no dela Brexit can push this pair down to the 2012 and 1.618 fib level. Once Brexit is over the sterling will make its way back up for the long term

varietyjones

It looks to me like there will be a drop to fib 1.618 before an upswing for a long opportunity

varietyjones

The pair should go up to the 0.618 fib level, then I will go short down.

varietyjones

See the chart for explanation.

varietyjones

When looking at the regression lines from the past few months this pair has the potential to drop further as indicated.

varietyjones

The CHF got a boost this morning because of the Consumer Climate and Retail Sales, however, according to analysis an upward trend is very close.

varietyjones

Until 31 October and possible beyond there may be a downtrend unless Boris Johnson can come up with a deal or an extension.

varietyjones

There might be a short uptrend to about 9.16429 area before the downtrend starts. SWITZERLAND 5 August The State Secretariat for Economic Affairs (SECO) Consumer Climate Index measures the level of consumer confidence in economic activity. On the index, a level above zero indicates optimism; below indicates pessimism. On 5 August this index is forecasted to...

varietyjones

We are finally at the point where the new Prime Minister will be announced on Tuesday. It seems very likely that it will be Boris Johnson (hard-core Brexiteer) which is not favored by the markets. I expect this pair to go up slightly in the beginning of the week as a reaction to Boris Johnson being the PM. Then hopes will flare up that he can delay Brexit beyond...

varietyjones

Silver is rushing up. It has reached the bottom of a strong support (right now resistance) area. Once it enters here, it might stay awhile. Make your own decisions. I am just sharing ideas.

varietyjones

I see multiple opportunities right now. See the chart for possible entry and exit points. The NZD is strong and should go up to at close to the blue resistance line especially given the head and shoulders pattern extension (black line). There will be a break out of this symmetrical triangle at some point.

varietyjones

This pair is on an overall uptrend. It did break out of the main channel and appears to be forming a lower new uptrend channel. This smaller channel might join up with the original channel again. Make your own decisions. I am just sharing ideas.

varietyjones

The line was broken which I did not expect. I am hoping the pair will bounce back up to support then drop down. Price points to watch are on the chart. Make your own decisions. I am just sharing ideas.

varietyjones

This pair has had an upward trend since 2017. This is amazing when you think of all the uncertainty surrounding Brexit. The blue trend line has been broken. Now we wait to see how far down will the break go. I have indicated important price points to keep an eye on. The GBP faces an unstable future until at least 31 October. Mr. Johnson (most likely next Prime...

varietyjones

This pair has been in a downtrend for a long time. On 22 July the new Prime Minister will be announced, likely Mr Johnson. There is still lots of uphill for the UK in terms of negotiating the deal or no deal out of the EU. This will cause the currency to fall. The USD has its own challenges with the upcoming rate cut at the end of July. I believe the pair will go...