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Posts by "davidmichaels"

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davidmichaels
(edmonton, Canada)
davidmichaels
edmonton, Canada
Posts: 0
36 days ago
Nov 9, 2019 1:36
In Thread: Ahead of the ECB
The euro has settled into a holding pattern ahead of the ECB meeting today. With a slide back to leave resistance at $1.1165/$1.1180, EUR/USD has unwound within the recent recovery trend. We have been discussing the importance of the market finding another higher low between https://docsbay.net/eurusd-settled-into-a-holding-pattern-ahead-of-the-ecb-meeting-today) $1.1075/$1.1100 and it was interesting to see yesterday’s low a shade above $1.1100. The support of a three week uptrend comes in at $1.1075 today to add to this confluence. Momentum remains strongly configured for little corrections to now be seen as an opportunity for the bulls rather than a threat. RSI is holding above 60, MACD lines rise above neutral and Stochastics are around 80. Getting past the ECB meeting today with these levels intact would be a real sign of more stable ground for the recovery. Above $1.1180 opens $1.1250.

davidmichaels
edmonton, Canada
Posts: 0
40 days ago
Nov 5, 2019 0:36
In Thread: Your Top Trade?
voted: buy gold

Not a day goes by, that one gold ETF or another is reporting on the gains to its stockpile. Most of those gains come from financial institutions and hedge funds boosting their portfolio positions. We do not in any way denigrate the importance of this Wall Street move to gold. In fact, their presence in the gold market has been one of the market mainstays over the past few years and a welcome addition to the ranks of gold owners.