drewkin (41)in #money • 6 years agoAUDUSD and GBPJPYAUD – RBA announcement today. Also with the trade talks between Trump and Xi looking likely, can the AUD stage a comeback after a recent poor run? In the TC chart below it’s…drewkin (41)in #money • 6 years agoFundamentals not just technical analysisTo be a successful trader, using a combination of technical analysis and fundamental analysis is crucial. A number of new traders rely too heavily on technical and don’t pay…drewkin (41)in #money • 6 years agoV shape buy NSDQThe V-shape seen on the 15 minute chart could indicate a market rejection of lower prices. Traders who have bought at support and closed with modest profits have proved…drewkin (41)in #money • 6 years agoLong USDJPY with the pair bouncing off support.A recent pullback on the USDJPY could indicate a buy the dip opportunity. Fundamentals support a stronger USD with central bank divergence. Technical outlook can be seen below…drewkin (41)in #money • 6 years agoCAD giving back recent gainsOn the graph below we can see the CAD down across all major pairs. The NZDCAD could be a potential buy. NZDCAD:drewkin (41)in #money • 6 years agoBuy the Dip opportunity on the NSDQThe NASDAQ100 has performed well despite trade war concerns. Some traders look for buy the dip opportunities, as timing can improve profits. If the NSDQ has found support at 7400…drewkin (41)in #gold • 6 years agoGold to Silver ratioCurrently it takes around 81 oz of Silver to buy 1 oz of Gold. This ratio is at a high not seen since early 2016. Going back to 1998 we’ve only seen the ratio this high 4 times…drewkin (41)in #money • 6 years agoLong NKIf the NI225 breaks 23,000, it appears to be an ascending triangle and would therefore indicate a buy.drewkin (41)in #money • 6 years agoLong NSDQ, turning upPossible buy the dip opportunity.drewkin (41)in #money • 6 years agoLong USDJPYSupport at 111.00. DXY turning up. Target 111.40 & 111.80.drewkin (41)in #money • 6 years agoShort GoldGold rallied late Friday based on Powell's speech. It appears to be nearing resistance and therefore may be a short opportunity.drewkin (41)in #money • 6 years agoAustralian Prime Minister in doubt, short AUDUSDAlready on the way down after significant leadership challenge to PM Turnbull. Further reading:drewkin (41)in #money • 6 years agoBuy the NikkeiOption for traders to take advantage of the early news reports of US-Sino trade talks. The Nikkei up 0.13% today.drewkin (41)in #money • 6 years agoChina will lead a delegation to the US, markets starting to retraceThe markets in the last 30 minutes have started to retrace, gold, oil and usdjpy all moving in a bullish direction. Caution on Gold, possible buy the dip opportunity on oil.drewkin (41)in #money • 6 years agoUSD dollar on the riseUSD pairs should follow and also Gold prices fall.drewkin (41)in #money • 6 years agoLong EURNZDThe EUR took a hit with the Turkey Lira sell-off, but the markets seem to be settling this morning with the expectation of a possible retracement on EUR pairs. Look to go long on EURNZD.drewkin (41)in #money • 6 years agoShort NZDUSD says major bankTHE NZD is under pressure with the Westpac banking group predicting 0.64 by March next year.drewkin (41)in #money • 6 years agoGold breaks support, drops below 1200As I mentioned recently Gold has been trading lower and sticking to a trend line. Based on this trend, look for entry points for further short positions.drewkin (41)in #money • 6 years agoGold holding support at 1212Gold is holding support today at $1212 per oz. Keep an eye on the US 10 year bond yield, but there could be opportunity for a short if there isn't a bullish movement from support soon.drewkin (41)in #money • 6 years agoGBP further weaknessThe EURGBP has been rallying of late. With GBP figures out tonight there is a chance of some retracement but with the market focused on Brexit issues, most analysts predict…