Long Term Analyses - EURUSD, GOLD, and SandP -
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thread: Long Term Analyses - EURUSD, GOLD, and SandP

  1. #11
    Member cocoe's Avatar
    59
    EUR/USD :

    Not much of interest occurring in the Euro atm. Slow , but slowly reverted to the upside.
    As usually the euro is still tricky to track but I'll be on the lookout for a market if prices reaches to 1.3700


    Daily chart. (Circle = my market zone...)



    Weekly:

  2. #12
    Member cocoe's Avatar
    59
    GOLD XAU/USD -- Weekly and monthly investigations There's been plenty of calls which gold has created a base and the tendency has shrunk into the upside. I find some missing bits in the long-term picture for this to be the situation.
    GOLD XAU/USD -- Weekly and monthly investigations.

    The recent strong rally has put the gold bulls back in high gear.
    I maintain my view that the Gold price is within a bigger level 4th wave triangle and that lower prices
    finally will be viewed. The recent upmove could be a part of this current D wave or it might be the last E- wave
    inside the the triangle. After this triangle plays out we ought to observe a sharp and dominant downleg towards new lows.

    However, if price ought to carry into the upside and take out the C-wave, the triangle thought is going to be invalidated.

    Weekly chart:

  3. #13
    Member cocoe's Avatar
    59
    quote A look at SP (ES) Weekly bollingerbands. A close above the top band is generally accompanied by pullbacks along with reversals. It is currently at major confluence zone, but I hope price to pop and throw the trendlines found on the charts before a pullback is going to be viewed. I don't really think the top is in but things are certainly due for a pullback of some sort. The VIX is at it's cheapest with a low of 10.92 today. The VIX hasn't been this low since early 2007. Weekly using BB image 4Hour station image
    SP 500 (ES) - WEEKLY UPDATE. As allways, the outcome remains to be seen, although this is what I see now.

    A top might very well be in and also a bigger pullback could possibly be in the cards for the SP 500.

    The price is merely briefly above the levels from my final update on June 6.
    You will find powerful resistance and confluences at current levels as well as both daily and weekly upper bollingerbands.

    The tendency is in deed very stongly up with fine momentum that the past weeks.
    However this may change quickly and abruptly as we might have completed the first leg down
    and the next bigger leg down can start from current levels.

    Another scenario is a short new high before a bigger degree correction sets in. Time will reveal.

    Daily chart - with clear divergence.


    Weekly:


  4. #14
    Member cocoe's Avatar
    59
    ) Daily chart with RSI peaks.


  5. #15
    Member cocoe's Avatar
    59
    quote The SP500 (ES) trend stays up and much more upside should be seen. A pullback is long overdue, the question then is how deep. IF SO; Can it be a consume 4th wave or some brutal kneejerk move within the next couple days. As seen on the charts, you will find resistance in the current area combined with divergence and overbought daily chart. Lets see what the next couple of days has in store. Any pullback will be purchased. 4 hour chart: picture 1 hour situation - looking to sell such... picture
    Check out SP (ES) Weekly bollingerbands. A close above the upper band is usually accompanied by pullbacks and reversals.

    It's now at major confluence zone, however I anticipate price to pop and throw over the trendlines found on the charts in front of a pullback is going to be seen.
    I don't believe the shirt is but things are surely due for a pullback of some kind.

    The VIX is at it's cheapest with a low of 10.92 today. The VIX hasn't been this low since early 2007.

    Weekly with BB


    4Hour station

  6. #16







    Only my view

  7. #17
    Member cocoe's Avatar
    59
    quote SP500 (ES) - Weekly update: The major issue is now at hand. Is this the last gasp of bullrun prior to a pullback in the coming weeks? If the index begins to wingle at this region and produce a small pullback (WHICH IS DUE), early this week, I'll search for market setups when the index hit new highs after that. It all remains to be seen, but we have several technical confluences on the short and longer term charts. A possible end diagonal may be in functions, if that's the case, we could see a few sharp and brutal moves to the disadvantage...
    The SP500 (ES) trend stays up and much more upside ought to be seen. A pullback is long overdue, the question then is how deep.
    IF SO; Can it be a consume 4th wave or some barbarous kneejerk move in the next couple days.

    As seen on the charts, you will find resistance in the current area combined with divergence and overbought daily chart.

    Lets see what the next few days has in store. Any pullback will be bought.


    4 hour chart:


    1 hour scenario - looking to market such....

  8. #18
    quote What about the bearish engulfing which comes after?
    Well for one its not closed yet and secondmto believe that moving that huge uptrend with this small little bearish engulfing pub is a gamble imo, appears more like folks just taking profit.

  9. #19
    1 Attachment(s) fine inspection and charts enterfx. GOLD is simple. Above 1300 it is mildly bullish, however GOLD will need to break above 1380-1420 to have a shot at starting a decent move / possible uptrend. Current price action appears OK, but gentle, supported by a double bottom on weeklies.

    Total, combined outlook currently. Building a LONG position in GOLD demands for price to close above 1400, at least for me.

    Here is monthly chart with 50 fibo and support zone. Do not overlook the current strong support zone.
    https://www.cliqforex.com/trading-sy...c-systems.html

  10. #20
    Junior Member Isacipk00's Avatar
    18
    I got some long-term investments moving into the SP500 now February began off the year on a fantastic note and looking to keep with the bullish engulfing candle on our monthly chart. The matter is projection wise I'll simply just be trailing my stop as price will be making new highs once again up there. Should price make a larger correction my stop will probably be under 1700. image
    What about the bearish engulfing which comes right after?

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