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Showing posts from November, 2018

Where is #usdjpy heading?

$usdjpy is trending this week steadily , currently trading at 113.60¥ , I expect the pair to have clear path towards 114.60¥ during this week. Dollar is gaining strength across the board against euro and sterling . A break below 113¥ will make this trade invalid . Stay long and take minor profit at 114.60¥

Crypto crash ending soon?

Crypto currencies have fallen almost 50% this month. With top currencies like bitcoin and etherum reaching levels not seen in a year. I believe those levels represent critical support and we will see marvellous rebound from current areas. Etherum will definitely recover from early nineties , possibly around 95$ . The rebound may continue till 600$ . No change in fundamentals , however we might see some great projects coming live soon and possible mass acceptance for bitcoin and etherum in the retail world. We still have a big war running between card processors and crypto processors. The rebound will be technical mainly.

Wti will stop bleeding today?

Wti crude oil has fallen as much as 53.59$ per barrel , thanks to saudia arabia. Trump thanked saudia arabia yesterday on twitter for the cheap oil prices and asked for more declines. However , i dont see any further decline coming anytime soon as long as we stat above 53.50$ Target should be around 56.80$ . your stop loss on hourly close below 53.50$ .

Khan : backing public vote on Brexit

Mayor of london has tweeted : "I’m standing up for Londoners by backing a public vote on the final Brexit deal. #peoplesvote" Do you think we might have a second referendum on brexit or we will struggle with the consequences of no brexit deal ?

Euro will keep trending?

#eurusd will keep trending as long as it stays above 1.1410$ on the hourly chart..if broken , we will see 1.1340$ This is a short term trade , the pair is currently trading at 1.1430$ , target would be around 1.1530$ , with mediocre resistance at 1.1500$ A break below 1.1410$ will open the road easily towards 1.1345$ ..

Gold bottomed at 1196$?

Do you think gold has bottomed at 1196$ ?! definitely , and its first resistance area to break is the 1235$ . The rally from 1196$ to 1223$ at the time of writing is technical driven , however the catalyst was brexit deal news , cabinet support and ministers resignation. Would that rally vaporize anytime soon?! Nooo...big no , for real. Soon enough we will see 1250$ . dont get trapped shorting the precious metal before 1500$ is seen ... Be a friend to the trend if you wanna make some money trading gold in 2019.

Will theresa may resign as well?

Theresa may addresses the parliament after the resignation of many of her ministers over brexit deal which is described to be a disaster splitting the nation. I think she might resign as well before being ousted!!!!

GBPUSD next target ?

Post brexit minister Raab resignation and possible no confidence vote for theresa may , there is a lot of stress on sterling against the us dollar. So what is the price target for #gbpusd? We have only two support areas . first we have 1.2720$ , followed by 1.2540$ ... A price not seen this year so far . Your stop loss should be around 1.2960$, which will be big hurdle/ resistance area for cable to break.

Pay for the NATO

Trump threatens EUROPE; Emmanuel Macron suggests building its own army to protect Europe against the U.S., China and Russia. But it was Germany in World Wars One & Two - How did that work out for France? They were starting to learn German in Paris before the U.S. came along. Pay for NATO or not!

Intraday gbpusd setups

This post is for day traders exclusively ; You can buy #gbpusd now with stoploss on 5 min candle close below 1.2837$ , your target should be 1.2856$ , 1.2882$ . You can re- enter again if the pair reaches 1.2880$ and makes a correction to 1.2845$

WTI Crude oil fall may come to an end

oil has been falling knife for a month now. I have found that it is currently testing the 50% retracement level from previous 40s area to the 75s area. So may be oil will find some breather here. be cautious , hop in with small volume. target should be 61.5$ from here , currently trading at 59.80$ area. Stop loss , will be on daily close below 59.30$ check the chart below and share your findings with me. Also remember to follow me on twitter for updates.

GBP/USD is testing 1.30 , where to?

The pair has reversed sharply from the tough resistance zone at 1.3165$ . I did recommend a short there on my twitter account " @b4borio " . Now , the pair is trading at early 1.30$ , is it going to break? or pull back upwards. what i see here , is we are still in a correction and the pair is going to rally again. So , where do we buy it? Simple as it is on the chart , we have a chance now at this level which corresponds to 78% fibonnaci retracement. you can long the pair from here and you would quit on a close below. Your target would be around 1.3060$ You are free to share your thoughts below in the comments area , also if you have questions , I would definitely like to help.