HouTianTan

HouTianTan

Newmont Mining, “Newmont”, is one of the world’s largest gold mining company by Market Capitalization with operations in the United States, Australia, Peru, Ghana and Suriname. On average, over the past 7 years, the company has contributed to 3.58% of the world’s supply of gold (based on World Gold Council figures). Compared to its strongest competition, Barrick...

HouTianTan

Newmont Mining, “Newmont”, is one of the world’s largest gold mining company by Market Capitalization with operations in the United States, Australia, Peru, Ghana and Suriname. On average, over the past 7 years, the company has contributed to 3.58% of the world’s supply of gold (based on World Gold Council figures). Compared to its strongest competition, Barrick...

HouTianTan Updated 

Following up on the previous post on the cable where I recommended a short with a final target of 1.2700, I have closed my position early, just before the pair retraced up. The week ended with the cable at 1.3190, bouncing off the 61.8 retracement level of the dip. Let's take a look at fundamentals. From UK's perspective, the EU has given Britain a 2-week...

HouTianTan Updated 

Look, its hard to recommend shorting something which you are long-term bullish. But given the current geopolitical situation happening around (I'm talking about the ousting of royals in Saudi Arabia over the weekend) and Kuroda's affirmation that there will not be any stimulus coming, we can expect the pair to move down lower. Do also note that the pair is also a...

HouTianTan Updated 

Let's take a look at the fundamentals from USD perspective. This December, the markets will be expecting the Federal Reserve to increase the interest rates to 125-150 basis points. We can see that the traders has already priced this into the market using the Fed Watch Tool. If interest rates are expected to rise, theoretically speaking demand for USD will rise...

HouTianTan Updated 

The TVC:DXY has been falling since June 21 from 97.84 to its current 96.00. During this period, the Dollar-Yen pair has continued to rally from its bottom of 108.82 to its previous week close of 113.904. We are able to view that the pair is currently trading upwards in a channel, and one way which we can profit from this is to go long when prices hit channel...

HouTianTan Updated 

On the H4 chart, we are looking at a very strong resistance level at 113.66. It has been a level which the pair failed to rally beyond for the past 2 trading days. With a head and shoulder pattern forming on the H1 chart as of this writing, we are confident to be short on this pair with a TP at 111.85, and SL above the head of this setup, at 113.69

HouTianTan Updated 

As the Federal Reserve is concerned with risks pertaining to loose monetary policy to the economy and financial stability, despite stagnant inflation levels, we are looking at a significant chance of a rate hike in the upcoming months. During the meeting, Fed did not specify the timeline of reducing their balance sheets. Based on the charts above, we are looking...

HouTianTan

Mentioned in the previous post, there was an inherent weakness in the dollar-yen due to its price action around 113.22. While the pair rallied up to 113.35 prior to Asia opening, a huge wave of sell orders sent the pair tumbling. While we saw a potential short opportunity last evening (Singapore Time) on technical basis, the confirmation of North Korea's ICBM by...

HouTianTan

As we are speaking here, USDJPY is trading at 113.20. When the Asian session take over on July 5, we are looking at a potential crash below the low on July 4. This analysis is based on price action analysis across M30, H1, H4 charts. I have a TP at 112.50, with a potential movement to 112.20.

HouTianTan

With the pair falling for the past 2 trading days, the price action formed on H1 and H4 charts allow us to deduce that the pair may be falling from its high of 148.051 since December 16 2016. As the post-brexit rally may seem to be over, the team at Make Money Forex has a short bias on this currency pair.

HouTianTan

The appreciation of Chinese Yuan against the US Dollars on the 3rd of January to 5th is a strong signal of a longer term strength of the CNH. The Yuan has been in a consolidation state since then, and is now trading near the upper band of the range. Short the pair using a market order with a stop-loss of 6.8866 with a Profit Target of 6.7200.

HouTianTan

The currency pair is currently trading within a triangle range. As such, the common practice would be to go long near the bottom range of the triangle, and to go short near the top. When the pair breaks out from the bottom, short the pair. Similarly when it breaks above, go long. Go long when the pair trades at the bottom range (currently at 1.2407) of the...

HouTianTan

With Oil prices hitting new lows every now and then, it’s hard to believe that pump prices in Singapore barely move an inch while the Energy Sector’s valuations have been dropping. The Sector’s performance move in tandem with oil prices, as higher prices would allow them to realise more revenue. That equates to more funding for oil exploration, but with oil at...

HouTianTan

After sliding from the peak of 3,550 in April for almost 6 months, the STI has been rallying for the past 3 weeks to 3,068. Based on my analysis, the 6 months bear was a 3-wave correction, with the existing rally acting as the 2nd wave of the bigger trend. With that in mind, the STI may continue its decline at the 0.618 level at 3,237.

HouTianTan

Based on Elliott Wave and Fibonacci retracement, the cable has just finished a 3-wave correction on the hourly chart. With that, we may be entering a new impulse wave or a 2nd corrective wave. My recommendation would be to go long on this pair with a STOP LOSS at 1.5310, and a TAKE PROFIT at 1.5427.

HouTianTan

The currency pair has just ended its 2nd corrective wave on the 4hr chart at the 61.8% retracement level of the original corrective wave. With that in mind, it will be trading down on its 3rd and final corrective wave for this week. We can expect to take profit for this trade at around the price of 1.2140.

HouTianTan

I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com