Key To Markets - Discussions

This is a discussion on Key To Markets - Discussions within the Forex Brokers forums, part of the Commercial category; errrrrrrrr yes ? Is that an up or down then ? C'mon lets get off the fence of ifs and ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 15, 2017, 10:13am   #17
 
Pat494's Avatar
Joined Mar 2004
errrrrrrrr yes ?

Is that an up or down then ?

C'mon lets get off the fence of ifs and buts and pick a figure.
__________________
Imagination is more important than knowledge.
Einstein
Pat494 is offline   Reply With Quote
Old May 15, 2017, 10:30am   #18
 
KeyToMarketsUK's Avatar
Joined Mar 2017
KeyToMarketsUK started this thread
Quote:
Originally Posted by Pat494 View Post
errrrrrrrr yes ?

Is that an up or down then ?

C'mon lets get off the fence of ifs and buts and pick a figure.
What do you mean with "pick a figure"?

I'm sure that an experience trader like yourself would agree that "picking figures" doesn't grow your account, what makes your account growing (and that's our main goal) is:
  • Develop a plan.
  • Follow the plan.

As explained before my plan is:
Quote:
Depending on the outcome of this news we could see a breakout and open a position in its direction.
What is your trading plan?
KeyToMarketsUK is offline Broker   Reply With Quote
Old May 15, 2017, 2:29pm   #19
 
Pat494's Avatar
Joined Mar 2004
Here is my pick

http://www.trade2win.com/boards/indi...prizes-80.html
__________________
Imagination is more important than knowledge.
Einstein
Pat494 is offline   Reply With Quote
Old May 16, 2017, 6:41am   #20
 
KeyToMarketsUK's Avatar
Joined Mar 2017
BRENT: Parallel resistance seems between 52.40 and 52.60

KeyToMarketsUK started this thread • Since touching an intraday low of 46.32$ (May 05), Brent oil price rebound more than 11%.
• Overnight oil price extends the rally further 3%, support by comments from Saudi Arabia and Russia Brent oil price pauses the rally at 61.8% fib(April12-May 05fall).
• Oil prices spiked after the energy ministers of Saudi Arabi and Russia jointly said that an OPEC-led crude production would be extended until March 2018.

FUNDAMENTAL NEWS

On Monday Asia session, Saudi Arabia and Russia agreed to extend oil production cuts from mid of this year to March 2018, i.e further nine months.

According to the Reuters, “The timing of the announcement ahead of OPEC's next official meeting on May 25 and the statement's strong wording surprised markets, and the move will go a long way to ensure that other OPEC members and other producers who participated in the initial round of cuts fall into line”.

Ed Morse, global head of commodities research at Citigroup, said he sees a 60 to 70 percent chance of the 1.8 million barrels per day of current cuts becoming larger as the producer group extends their deal to March 2018, reported by CNBC.

Contrarian view: Robin Winkler Strategist at Deutsche Bank said in a note to clients on May 15 “News of a possible extension of OPEC production cuts is not material enough to lift the oil price sustainably”.

U.S. Energy Information Administration (EIA) estimates that OPEC earned about $433 billion in net oil export revenues. This represents a 15% decline in revenue, this was the lowest earnings for OPEC since 2004. EIA forecasts Brent prices to average $53/b in 2017 and $57/b in 2018, reported in the Short-term energy outlook published on May 08.

Market participants shifts to wait and watch mode to see what happens at the May 25 meeting.

OPEC meets in Vienna on 25 May.
OPEC ministers will meet in Vienna on May 25 (Thursday) to review the agreement and potentially extend the oil production cuts, over until the end of 2017.
Earlier on November 30 2016, OPEC reached its first deal to cut oil production since 2008. The deal cut oil production from OPEC members by 1.2 million barrels a day.

TECHNICAL VIEWS

Following Saudi Arabia and Russia announcement, adding fuel to the rally, oil price spikes 3% but fails to rally further. The bull's strength was sapped after rebounds more than 11% from early May lows.

The Brent Oil price rejected at 100DEMA, off nearly a percent from intraday high. The daily RSI is confirming above 50, appears upward momentum remains in play over the short term. But on the hourly chart (H1 and H4) the RSI seems an overbought, as a result, in the price likely to re-test support levels over near-term basis.

Click the image to open in full size.

The price has support levels finds at 51.20, 50.80 and 50.40. Potential support finds at 51 its 20DMA and 50.80 below this risk available to the downside 50.40 parallel support on the four-hour chart and 50$ initially. If the bulls fail to handle 50$, further downward acceleration possible to 49.80 and 49.60.
The near-term projection likely to be on the downside as the trend offers legroom than headroom.

Click the image to open in full size.

Alternatively, resistance seems at 52, 52.40 and 52.60 61.8% (April 12-May 05 fall). Bulls can feel comfortable only after crossing these hurdles decisively, especially 52.60 aims at 53 and 53.50/53.70.

Weekly trading range remains between 52.60 and 49.50. Bulls incorrigible situation emerges below 49.50.

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?


Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.
KeyToMarketsUK is offline Broker   Reply With Quote
Old May 17, 2017, 3:29am   #21
 
KeyToMarketsUK's Avatar
Joined Mar 2017
USDSGD printed an inverted- V shape reversal. Can we expect a double bottom?

KeyToMarketsUK started this thread
  • USDSGD printed an inverse V shape reversal .
  • Parallel support finds at 1.3900.

USDSGD printed an inverse V shape reversal as shown in the below chart, rejected at 100DMA last week. The cross is trading at 1.3955 on Wednesday Asia session rose marginally 0.05%. The cross made at low at 1.3940 parallel support finds at 1.3900 below this 1.3890 its 100WMA exists.

Over near term trading range remains between 1.3890 and 1.4080 levels.
If price fails at 100WMA, further downward acceleration possible for 1.3820 lower weekly BB and 1.3800 its 100WEMA. The 61.8 fib (August 2016-Jan 2017 rally) coincides with 100WEMA at 1.38.

The cross has been consolidating at 20MA on the months, twice failed to close above.
The RSI on the four-hour chart is extremely oversold. In case of rebound 1.3980 and 1.4000/1.4020 are the initial targets followed by 1.4050 if settles above 1.4000.

Click the image to open in full size.

The 50DMA is the key driver to bulls incase of rebound. Earlier the price rejected four times by 50DMA (Red line on the above chart).

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.
KeyToMarketsUK is offline Broker   Reply With Quote
Old May 18, 2017, 4:09am   #22
 
KeyToMarketsUK's Avatar
Joined Mar 2017
Gold: Parallel resistance seems at 1264, more headroom available

KeyToMarketsUK started this thread Gold price rose to two-week high, climbs above all daily MA’s and 50WMA’s aswell. From early May low, gold price rebounds more than 5% high made 1262.80 today, facing parallel resistance at 1264 rounded. The price gave an upside breakout through an ascending triangle (H4 chart), the height of the triangle is 21$.

Click the image to open in full size.

Earlier in our earlier article (May 11th ), we recommended “Bargain hunting expected” at the price of 1220$.

As Geopolitical concerns are growing market participants shifts to gold and JPY. The price manages to hold the four-month ascending trendline (daily chart) rebounds nearly 60% of April fall (1295-1214). The parallel resistance seems at 1264 rounded coincides with 61.8% of April fall (1295-1214).

The hourly RSI (H1&H4) indicates an overbought signal, as a result rally pause at parallel resistance on today’s Asia trade. Over a medium term, the upward momentum remains in play for 1271-1274$, 1280, 1288, 1295 and 1314 it’s 100.0fe (orange line).

Click the image to open in full size.

Alternatively, support finds at 1254, 1246 and 1238 levels.

Over medium-term, the price has a potential support zone remains between 1214 and 1180, we refer this as “buying zone”. In case of deep correction, weekly lower Bollinger band finds at 1160$.



It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.

To contact the author of this analysis, please email- jkatta@keytomarkets.com, Skype id- jesanand
KeyToMarketsUK is offline Broker   Reply With Quote
Old May 19, 2017, 4:58am   #23
 
KeyToMarketsUK's Avatar
Joined Mar 2017
USDCAD trading between fib levels making a lower low and lower high pattern.

KeyToMarketsUK started this thread • Thrice fails at 20DMA.
• Gave a symmetrical triangle breakdown on the four-hour chart.
• Canada March retail sales and April CPI in focus today

Canada upcoming events:
The high impact events are March retail sales and April CPI, both scheduled today.

According to Barclays analyst’s, “We forecast inflation to have remained unchanged on the month and the annual rate to fall to 1.35% y/y, on continued weakness of core inflation and seasonally weakness in April”.

TECHNICAL VIEW


USDCAD trading down marginally 0.05% on Asia session as Crude oil rose nearly a percent. Ahead of today’s events and next week’s OPEC meet USDCAD likely to accelerate the volatility.
The price rejected at 20DMA for three consecutive trading sessions and the daily RSI moving downward are the two bearish factors positioning currently.

Click the image to open in full size.

Last week, the price slips below 23.6% (1.3220-1.3793 rally) twice, low made at 1.3640 and rebounds to 1.3770. This week the price slips further to 38.2% which is a lower low (1.3220-1.3793 rally) at 1.3571 and rebounds slightly above 23.6% high 1.3670 a lower high. The 50.0% finds at 1.3500 below this 1.3480 its 50DMA exists. Ahead of next week’s OPEC meet and Bank of Canada rate statement which is fully expected to hold the rates the 61.8% act as potential support finds at 1.3440.

Click the image to open in full size.

The 200MA’s finds between 1.3560 and 1.3530 on the four-hour chart.

Institutional forecast:
According to strategist Nicholas Weng at Deutsche Bank, “CAD shorts were trimmed following the recent oil rally”.

CitiFX analysts forecast (May 18) WTI at 55$ over the medium term.
According to analysts at CitiFX,” we expect to see a re-test of the year’s highs around $54.94-$55.24 and even higher ($62-$65) over the medium term”. The analyst’s also said, “we would expect to see gains by CAD”.

It is important to always keep in mind the risks involved in trading with leveraged instruments.


What is your Technical View?

Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.
KeyToMarketsUK is offline Broker   Reply With Quote
Old May 22, 2017, 3:11am   #24
 
KeyToMarketsUK's Avatar
Joined Mar 2017
Silver: Further head room expected.

KeyToMarketsUK started this thread
  • April-May 2017 fall vs Oct-Nov 2015 fall.
  • Higher low expected on weekly basis.
  • Over near term, expected a bullish bias.

Silver price manage to recover nearly 40% of April – May fall, rose two consecutive weeks. During April to May fall (18.60-16.00$) the price down for 16 days out of 17 trading sessions. It reminds me the October 2015 fall, where the price fell for fifteen straight sessions.The magnitude of the April-May fall was slightly higher than Oct 2015.

The price made a bottom ahead of Fed’s rate hike in 2015. This time we have June Fed meeting and I expect the price likely to bottom between 16-15.60$ and change the direction for 17.40 and 17.90 initially. Further strength will be available if the price settles above 50MA on the monthly chart.

Click the image to open in full size.

Earlier the price rejected thrice at 50MA (monthly) and in the current situation since February the price rejected thrice (Feb, Mar, and April). Over the medium term, the price has a potential resistance between 17.90 and 18.80 (50MA and 100EMA, monthly chart) and potential support finds between 16.00-15.60$. If fails at Dec 2016 low 15.60$, parallel support levels finds between 15.20 and 15.00. In an extreme bearish scenario, fails at 15$ drag the Silver to 13$ but the chances are remote.

Over near term, trading range remains between 17.40 and 16.00. Today (May 22) on early Asia trade, the Silver price suddenly spikes more than a percent, high was 17.14$ later erased the gains mostly. At the time of preparing the article (12:00 PM AEDT), the price is trading with 0.20% gains at 16.85.

Trading support finds at 16.80, 16.40 and 16.00$. The 20DMA finds at 16.65 and higher swing low (four-hour chart) finds at 16.40. In case of a dip towards 20DMA is a buying opportunity with sl 16.40 for 17, 17.30/17.40 initially, later 17.70/17.90 expected. Until the price close above 16$ on weekly basis, we can mark it as higher low expect a strong rebound for 18.80/19$ over the medium term. Alternatively, if the price fails at 16$, focus shifts to 15.60 and 15$.

Click the image to open in full size.

As shown on the daily chart, the daily RSI and oscillators are bullish favors and the weekly chart (below) spotted with a symmetrical triangle.

Click the image to open in full size.

It is important to always keep in mind the risks involved in trading with leveraged instruments.

What is your Technical View?
Do you have a different idea? Please leave us a comment and get an answer from our professional analysts.
KeyToMarketsUK is offline Broker   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
A Key Reason Interest Rates Will Remain Low & Markets High Verified Investing Stocks 1 Jul 18, 2016 1:47pm
Options Broker All key Markets (UK Based) The Baptist Brokerages 13 Jan 22, 2013 2:15pm
'Featured Discussions' - Do You Use It? timsk T2W Feedback & Announcements 33 Oct 8, 2009 12:38pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)