Friday, March 6, 2020

forex chart EUR/GBP 3/6



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURGBP   

Direction :
Identified time : 2020-03-06 15:30 GMT
Breakout price : 0.86773
Forecast price : 0.86434
Forecast pips : 34
Probability : 68.54 %
Pattern : Rising Wedge
Interval : 30 Min

Pattern : Support
Interval : 15 Min

Trading the commodities markets

Trading the commodities markets can be very rewarding. Traders need to do research and stick with certain commodities that they have charted and know when to trade them. Commodities have regular seasonal patterns that may repeat year after year.
If you are thinking of trading the grain markets you need to know when they are planted and harvested. When is the weather a factor many crops that are traded can be effected by adverse weather. If drought in the corn belt is causing poor grain yields then maybe you should short the grain commodities.
 Trades can look at copper demand is stronger in the Spring for the start of the building season. Gas commodities trends are higher in the summer seasons for vacation and tapers off when the summer ends. Gold and precious metals are stronger in the holidays and June as the wedding season starts. These patterns happen nearly every year. Traders need to know that this does not work all the time but this will put the percentages in your favor. Many commodities patterns happen every year you just need to do some research before you trade commodities.

Thursday, March 5, 2020

Gold climbed over 1% 3/5

Gold climbed over 1% to a more than one-week high on Thursday as worries over the global spread of the coronavirus spurred safe-haven flows and raised hopes of further monetary policy easing by major central banks.
Spot gold had gained 1.4% to $1,657.78 per ounce by 09:59 a.m. EST (1459 GMT). U.S. gold futures jumped 1% to $1,658.80.
“Clearly as the equity markets are under pressure and there are more concerns about the coronavirus, so obviously we are seeing money flowing out of riskier assets into safe havens like gold,” said David Meger, director of metals trading at High Ridge Futures.
“In addition, we continue to view gold as a quintessential hedge against a flood of global central bank liquidity. Gold continues to lead the charge and continues to be our favourite alternative investment out there.”
Equity markets tanked after California declared an emergency over the epidemic as the death toll rose in the United States.

Tuesday, March 3, 2020

forex GBP/NZD 3/3

The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPNZD   

Direction :
Identified time : 2020-03-03 15:15 GMT
Breakout price : 2.03126
Forecast price : 2.02173
Forecast pips : 95
Probability : 66.43 %
Pattern : Descending Triangle
Interval : 15 Min

Pattern : Descending Triangle
Interval : 15 Min

GBP/USD chart



The following assumptions that have been made:
- At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPUSD   

Direction :
Identified time : 2020-03-03 15:15 GMT
Breakout price : 1.28283
Forecast price : 1.28574
Forecast pips : 29
Probability : 64.56 %
Pattern : Triangle
Interval : 15 Min

Pattern : Resistance
Interval : 15 Min