Weekly analysis
German Index (DAX30) Market of the Week
Monday 20th January, 2020
"Market Analysis The chart above shows the weekly time frame of the German Index (DAX30). If we notice that the price is at its highest point in the late quarter of 2017, we find resistance in early 2018 and the price is now at that point. Obviously, the resistance line has been maintained for 2 years, and now the price will continue to rise and hit new higher highs, or it will fall, which keeps the resistance line unchanged and is difficult to surpass."
Copper 4-hour chart
Monday 13th January, 2020
As we have observed in the copper chart, the above symbol is trading in an ascending channel and moving towards the latest higher price at the end of 2019. The support line (blue line) also confirms this. Before the price started to rise, there was already support for 3 tests. Will copper (COPPER) reach the resistance line (RED) and move on until it reaches the highest price in the first quarter of 2019 or will it return to its original state?
Bitcoin / USD 4-Hour Rising Trend
Tuesday 07th January, 2020
"After creating a potential channel of the lowest low (point 1 and connecting to the higher low (point 2), and then copying the line to the next higher high (point 3)), we can observe The currency pair has a potential uptrend. Touch the uptrend line and then continue in the channel, or touch the blue line above and then continue to move up without entering the channel. You can carefully move up or down with the lower blue line or The TP below trades. The previous high at the end of October.｜"
GBPUSD daily time frame
Monday 30th December, 2019
The pound has fallen against the US dollar since July 2014, with a low low and support at 1.19120. Obviously, the currency pair has a downtrend integration without breaking the downtrend (golden line). This downtrend connects the two higher points of June and August 2015 and is expected to this day. As shown in the figure above, the price line is "respected" by the price, with two additional touchdowns (April 17, 2018 and the 13th of the month in the UK election). This consolidation may continue until the base currency or quote currency triggers a trend reversal and breaks the gold or blue line.
XAUUSD 1 hour time frame
Monday 30th December, 2019
As shown above, so far, the price of gold has encountered resistance five times in the past three months. The support level is fixed at 1445 on November 12, 2019. Will gold break resistance and rise in the next week? Or will the resistance level once again become a strong factor that gold prices cannot surpass and drive down prices?
Golden analysis
Tuesday 17th December, 2019
As shown above, the trend of gold is in a consolidation state, and the merger will end in a few hours or days. With regard to metals, this is certain. Once the merger period is broken, there are two options for trading gold. But for long-term or short-term trading, confirmation must be given. Always protect your positions with logical stops, in which case your rights are not threatened by a single transaction.
Friday 16th August, 2019
As financial experts see solid moves in both headlines, another unstable week for unrefined oil is coming.
Monday 1st July, 2019
On the other hand, the P 500 remained stable, indicating that the stock market continues to support gold on a global basis ...
Friday 16th August, 2019
Now is the time for Banxico to decide on interest rates. Since inflation, the national central bank has faced a very difficult situation ...
Monday 1st July, 2019
Asian markets benefit from good market sentiment after U.S. President Donald Trump and Chinese President Xi Jinping ...
Wednesday 24th July, 2019
As 5p 500 closed for a week of gains to ease its record highs, Asian stocks continued to fall, Trump ...
