August 9, 2020

Likwid Blog | GOLD / OIL / RTS / CANADIAN DOLLAR 09/12/2019 analysis by the method of cluster volumes.

Good day traders! Elisabed is in touch with you again. The beginning of the working year is clearly not the same for everyone begins, but I want to congratulate everyone and wish you fruitful and productive everyday life!

On Wednesday, the single currency is stable before the meeting of the European Central Bank, which will be held today at 14:45.
Most market participants expect new ECBincentive measures to support the economy and rising inflation. The upcoming Brexit and the trade war between the US and China have a negative impact on the eurozone economy.

Gold
We have foreseen the appearance of signs of rally depletion at the weekly TF in the previous analytics dated August 23, 2019
smart-lab.ru/company/likwid/blog/557733.php

Despite the fact that stubborn bulls are unlikely to give up gold, ordinary investors are likely to decide after the Fed meeting on September 17-18 and the decision on rates.

Recovery of demand for risky assets cannot be ruled out . 3the gold may indirectly suffer from other changes, especially the recovery of the stock market and other risky assets (if the events on the Sino-American front remain encouraging).

Likwid Blog | GOLD / OIL / RTS / CANADIAN DOLLAR 09/12/2019 analysis by the method of cluster volumes.

The forecast also showed a high probabilityrenewal of “longs” from the level of 1490, which began to be worked out from yesterday and already demonstrates a move of 1400 points. If the closing of the day turns out to be above the level of 1510, then it makes sense to keep the position to the level of 1550, from where sales should already be considered until the previous weekly accumulation in the range 1440-1395.

Canadian dollar

Likwid Blog | GOLD / OIL / RTS / CANADIAN DOLLAR 09/12/2019 analysis by the method of cluster volumes.

The Canadian traded in a narrowI didn’t want to work out the medium-term forecast for purchases on futures and forex sales, but after the formation of a false breakdown, I rushed to fulfill all the goals that I didn’t knock out in the stop, I should hold the position to 0.76735 and go on sale (forex) with the target of 1.30,000.

RTS Index

Likwid Blog | GOLD / OIL / RTS / CANADIAN DOLLAR 09/12/2019 analysis by the method of cluster volumes.

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At the moment, there is a depletionupward movement near the level of 136,000, from which there is a high likelihood of resuming sales with a target of up to 126,000. Since indices should be traded in shorts more accurately than in long, that is, the need to wait for confirmation and the formation of a reversal pattern.

CRUDE OIL

Likwid Blog | GOLD / OIL / RTS / CANADIAN DOLLAR 09/12/2019 analysis by the method of cluster volumes.

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Oil clearly shows that hindering the upwardmovement and have strong resistance. The formation of a reversal pattern is present, but the goals are subjective here: as long as I adhere to the support level of 50, we can potentially reach 46 as well.

All successful bidding!