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  • Squawk / Yesterday at 7:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Summer may be hot, but it’s gone cold by Stephen Pope

    US economic strength and an optimistic Fed are driving the Dollar
    Dollar exorbitant privilege is undermining gold.
    A corrective channel started in April and appears to be taking hold.
    Despite many global problems to drive risk aversion, gold is no longer a safe haven.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/summer-may-be-hot-but-its-gone-cold/
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    20h
    Alan M Alan M
    I thought this was a good read, but I always advise reading zero hedge articles with a pinch of salt. https://www.zerohedge.com/news/2018-07-13/china-takes-control-gold-comex
  • Squawk / Thursday at 7:44 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    EURUSD hesitant, but negative; GBPUSD stays bearish

    We still see EURUSD defined by an intermediate-term consolidation, with range parameters seen as 1.1851 to 1.1509/07, with the immediate bias lower.
    For the GBPUSD currency rate the July rebound appears to be faltering and ongoing political risks sees the intermediate-term bear theme intact (whilst below 1.3473).

    See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-hesitant-but-negative-gbpusd-stays-bearish/
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  • Squawk / Wednesday at 8:33 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Elliott wave Analysis: Temporary Pullback on OIL Points Above 76.00 by Gregor Horvat

    Crude oil is unfolding a five-wave recovery from June lows which are characteristics of an impulse, with current turn lower unfolding a temporary correction. We specifically see price making a contracting pattern from 75.23 swing high which in Elliott wave theory resembles a EW triangle correction, a slow and sideways price activity within two lines, which always unfolds prior to the final wave. That said, in our case this triangle unfolded within an uptrend, which means that a new leg into wave 5) can follow once fully unfolded.

    See here for the full article: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-temporary-pullback-on-oil-points-above-76-00/
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  • Squawk / 05 July 2018 at 5:31 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Crude oil and Gold by Gregor Horvat

    Crude oil is unfolding a clear, five-wave recovery from June lows which are characteristic of an impulse. We specifically see price at the end of wave 3) which is already showing signs of a completion at 75.23 level, from where a new intra-day drop followed yesterday. This dip to 72.60 can be wave A as part of a bigger correction within an uptrend, that can look for support and a turn higher around the Fibonacci ratio of 38.2.

    For the full article go here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/crude-oil-and-gold/
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    05 July
    Morris Morris
    Any confirmation by Indicators like RSI and Stochastics?
    05 July
    matsuri matsuri
    deeper correction will come later considering the number of long-short ratio on WTI...the higher it goes the harder it falls
    05 July
    Morris Morris
    The likelihood exist but would appreciate wave structure and Indi's view! Maybe the author can respond i.e. Gregor.
  • Squawk / 27 June 2018 at 5:45 GMT
    Partner at 3 C ANALYSIS / 3cAnalysis
    United Kingdom
    GBPUSD - Capped by Key Average, points lower
    Contrary to yesterday's forecast, Monday’s failure at the 13 day line proved more important than the day’s downside rejection. So, trading Tuesday was dominated by a setback from that average – although the resulting downside was also limited, by Thursday’s Marabuzo line. But although this does add a note of caution our studies are assessed as bearish.
    We look to Sell in the 1.3220/25 area and also at 1.3245
    The stop is 1.3280 bid.
    Targets 1.3193, 1.3172 and 1.3136
    Closes 4pm GMT
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    27 June
    marran marran
    HI IL I have just realized that the strike price is the price they need to make a profit but i assume if they are on the...
    27 June
    IL IL
    off course the technical analysis and EW matters too , not only the price of the option expiration.... But option expiry helps to define where the market...
    28 June
    marran marran
    Hi IL do you think we will see a push to cover 110.50 in the usdjpy its not a massive contract but the price is close?
  • Squawk / 27 June 2018 at 5:23 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Two Approaches to the Dollar Index by Stephen Pope

    The Dollar has lost some its gloss this week
    This was because data and developments with Greece were Euro friendly
    The Dollar Index holds our attention as rates are normalising
    The short-term outlook is cagey…
    … however, on a one-week basis upside potential is available

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/two-approaches-to-the-dollar-index/
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  • Squawk / 25 June 2018 at 7:21 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    USDCAD re-energized intermediate-term bull trend; USDJPY in a range

    An erratic tone for global asset classes switching between risk on and risk off environments since mid-June, but within this erratic phase the US Dollar has generally stay solid and seen gains against the major G10 currencies.
    In our June 14th article here, we highlighted risks for the resumption of the USDCAD intermediate-term bull trend, and the surge above 1.3125, the March cycle peak has built on the prior bullish shift above 1.2944.
    For USDJPY we still see an intermediate-term neutral, tone, but still with threat of an intermediate-term switch to bullish, signalled above 111.08.

    See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-re-energized-intermediate-term-bull-trend-usdjpy-in-a-range/
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  • Squawk / 25 June 2018 at 7:03 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD intermediate-term bear trend intact; EURUSD in a broader range

    An erratic tone for both GBPUSD and EURUSD, impacted by the Fed, MPC of the Bank of England and the ECB all in play. But, we still see risks skewed for US Dollar strength and for downside risks for both the GB Pound and Euro versus the US$.
    GBPUSD has seen a significant selloff in June, initially in reaction to a more dovish ECB, and despite a recent rebound after the Bank of England Meeting last week, we still see an intermediate-term bear trend and look for further GBPUSD losses for late June and into July.
    For EURUSD, the selloff after the mid-June ECB decision, which was seen as dovish, did not quite resume an intermediate-term bear trend and we still see a boarder range phase, But with skewed bias for a bearish theme, only below 1.1507.

    See the full article with video analysis here: https://www.forexfraud.com/technical-analysis/gbpusd-intermediate-term-bear-trend-intact-eurusd-in-a-broader-range
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  • Squawk / 20 June 2018 at 9:08 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Bears Taking over EURUSD – Elliott wave Analysis by Gregor Horvat

    EURUSD has made a sharp drop in three waves from February highs which was expected, as we were tracking final stages of a bigger, bullish five-wave development as wave C. Wave C represents a final leg within a three-wave movement, meaning a change in trend can follow; also price unfolded five legs within wave C, which is another indication that bulls may eventually slow down and bears take over.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/bears-taking-over-eurusd-elliott-wave-analysis/
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