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Feb 09 2021

Hello traders,

Below is new video analysis, covering euro, aussie, gold, dax and GBPUSD

Grega

 

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Feb 09 2021

In our free video analysis last week (CLICK HERE) I talked about dollar moving into potential resistance ahead of NFP. Well, since the numbers came out the USD is again moving south as risk-on extends even highs. In that environment I think it’s worth to keep an eye on commodity currencies, such as AUD, especially now when metals also trying to stabilize after last week sell-off. Another important market to track is copper, which is higher as well while USDCNH trades around the low; these is all supportive for the AUDUSD pair.

On the chart below we can see that aussie is making a nice bounce away from the 2020 trendline support so as long as this trendline holds I think that bulls remain in focus, possibly even for 0.8 level, so there can be opportunities on pullbacks.

If we look at copper, we can see that sharp turn from the support in the last few sessions suggests that market might completed a fourth wave pullback meaning more upside can be seen now for wave 5. If that’s the case then AUDUSD will remain in uptrend.

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GH





 

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Feb 04 2021

Hello traders,

Below is new video analysis, covering USDJPY, AUDUSD, USD Index, HSI and even quick look at Copper.

Grega

 

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Feb 02 2021

Hello traders,

Below is new video analysis, covering euro, cable, aussie, sp500 and crude oil

Grega

 

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Jan 29 2021

Stock market is quite volatile for the last few days and this can be in connection with GameStop and RobinHood which brings to the table some very important topics regarding regulations. As you know ratail-forum traders successfully fought the hedge fund which lost a lot of money as price of Gamestop shares increased significantly. Well, that's the market and how it function; price moves on supply and demand, and I dont see nothing wrong with that. But looks like the problem is when big players lose money, and they want to fix that. So the big players can trade how they want, only not to lose money but small people can't trade free but it's OK if they lose. BTW Enes called a nice fifth wave top at GME in our chat room, just before price came down back to the gap. BTW Enes called a nice fifth wave top at GME in our chat room, just before price came down back to the gap.
 


I also think that whole this situation, greed, FOMO and the latest events just telling us how late we can be in this stock market cycle. It's sound almost like mania that can potentially cause the opposite moves. It will be very interesting to see Weekly and Monthly closes today. Also, keeping eye on this SP500 wedge and DAX January/February reversals.

SP500,4H


DAX, MONTHLY

 

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Jan 27 2021

Hello traders!

After recent strong and impulsive rally on gold, we can see it slowing down now since August 2020 high, but with slow and overlapping price action, so we think it's a corrective wave structure, seen as higher degree wave IV correction. Wave IV can be sometimes very complex, so at this stage we are observing two counts especially since the USD is trying to recover which may have bearish impact on metals as well.
In the first and primary chart below, we are tracking a bigger bullish triangle correction in wave IV), but only if the price stays slow and sideways until we see an A-B-C-D-E subwaves. This is possible if metal will keep chopping around between around 1850-1900. If not, and if bears will be in charge for the next few weeks with a potential retest of 1765 then secondary count comes in play, where we may see deeper and more complex 7-swing A-B-C-X-A-B-C correction. In such case 1700 can be very important level to watch for a next bounce.
So for now, gold remains very tricky, but what I like about the whole price action down from August highs is that in either case it's corrective, we just need more time now before we can decide what type of the patter wave four is forming., But eventually, price will be higher later this year.
If you are looking at gold in EUR, then you should also be aware of potential weakness as price can be breaking bearish flag.

Trade well!

XAUUSD 1 AND 2  


XAUEUR

 

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Jan 26 2021

Hello traders,

Below is new video analysis, covering euro, pound, jpy, audusd and crude oil.

Grega