piphoe
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piphoe
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out +70
piphoe
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psaTrading
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On the daily chart of gold we can see that the precious metal has been boxed between the 200 day EMA at the 1270 level and the 1300 level. If we see a rise of volatility close to a support or resistance zone, the commodity may be getting ready to take off.
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psaTrading
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The US Senate passed a string of fiscal measures aimed at increasing American incomes by a very small majority (51-49). Postponing the description of the main measures of this document to another time, the issues that its approval places are described. The first is the time it will take to reconcile with the proposal passed in the House of Representatives. The second is to try to anticipate (as much as possible) what the real effects will be on the real economy. The third concerns the impact it will have on the public deficit. If it is very significant, it may imply a generalized rise in yields, which will cause a profound change in the global stock market situation. The fourth, which depends a little on the others, is to know how much of the positive effects of this reform have been anticipated by the extraordinary rise of American markets in recent months.
maybe draghi can give us a push out of the consolidation
https://www.dailyfx.com/calendar?ref=SubNav
https://www.dailyfx.com/calendar?ref=SubNav
psaTrading
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Most European markets ended on a downward trajectory, with investors reacting to the global downturn in technology stocks. The London exchange was one of the exceptions to this negative behavior, since it recovered from the initial losses. In addition to the technological sector, whose trend was influenced by the performance of the North American peers, the banking and automobile sectors were also under pressure.
psaTrading
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The ADP employment report showed that 190 000 jobs were created during November, a level above expectations but lower than in October. For oil, the price of West Texas Intermediate traded in New York fell, after the unexpected increase of oil reserves in the country.
DAX daily
did break the tredline
its 13 200 that can give some resistance but if over then ATH
i dont think this is a head and shoulder reversal
in strong uptrends you get this formations and its often a continuation pattern
If/when over the right shoulder (13 200) then its a failed HS reversal
the first sign of a failure is the broken trendline
:smart: 😎
did break the tredline
its 13 200 that can give some resistance but if over then ATH
i dont think this is a head and shoulder reversal
in strong uptrends you get this formations and its often a continuation pattern
If/when over the right shoulder (13 200) then its a failed HS reversal
the first sign of a failure is the broken trendline
:smart: 😎
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D
Dowser
I'm not a fan of oblique trend lines because they can be quite subjective and are also an extrapolation. I much prefer using horizontal levels - less subjective and fixed...more people are looking at them!
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psaTrading
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Last week the NZDUSD went back and forward without any clear direction but closed in the green, in the middle of the weekly range, in addition managed to close within the previous week range, which suggests being clearly neutral, neither side is showing control.
psaTrading
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After years of crossing a long and winding desert the EU economy is finally displaying strenght beyond QE. The EU stock markets are not yet reflecting this new reality but they will.
