KingdomRichOffical

KingdomRichOffical

We saw a positive Gold last week, closing up +0.50%, as investors were risk-off in U.S. and European equities at the weeks close. Gold saw a -2.40% decline during the week on positive Trade War news, but that was not enough to provide the confidence to continue to stay risk on. On the daily chart, Gold’s movement has changed to a Bull Flag Pattern giving us a...

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KingdomRichOffical

Hi Everyone! This is the first of many videos to come! I wanted to create a high-level look at my approach to analyzing a market; market movement; and potential trading opportunities as well. Again this is a high-level look at breakdowns. If you have any questions please let us know! Follow us on Instagram: @Invest.Wright (instagram.com) Email us at...

KingdomRichOffical

Bitcoin has done the complete opposite of our outlook. Last week it had a massive sell-off, losing over -18%. Its movement has changed the pattern that we are watching. It still is a bullish pattern, converting from a Symmetrical Triangle to a Bull Flag Pattern. With the force of the move from over $10,000.00 moving bellow $7,800 before settling above $8,000...

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With the ECB pumping €20 Billion a month into the European economy, the value of the Euro by default will decline due to a massive supply increase. This move lower was a bit steeper than expected, and so we’ve made slight adjustments to our analysis and outlook. We saw it push down -77pips to close the week on the easing news. It’s an impulsive move below the sub...

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The German DAX 30 has is soon reaching a decision point in its correction. It closed up half up Thursday at half a percent before drying up friday with a small +0.03% gain. After it’s the completion of the inverse head & shoulders pattern, I believe we can now see a completed Bear Flag Pattern coupled with a double top. Analyst believes the positive news of...

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The S&P 500’s movement stayed consistent forming a Spinning Top pattern on both last Friday, and the same pattern for the week. We saw Friday sell off a full -1.00% before rallying to close at only -0.37% at $2,966.20. The week committed to the same action, as it moved up +¾ of a percent then down -1.48% to close at only -0.69%. This movement showed indecision and...

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Despite the volatility in Crude Oil created by the attack on Saudi Arabian oil processing plants and some geopolitical tension with the US talking “war” in the media, the price has moved to our expected touchpoint. Oil saw a spike just a tad bit below $55 (down to $54.85) before a pull back on the close of the week. The week saw a -3.88% decline pressing again...

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Gold saw a negative week altogether, closing down to -1.5% due to a risk-off the market, as positive US political news coupled with positive trade war talks. We saw Gold close below $1,500 for the second time in the last 3 weeks (marked by the yellow arrow). Price closing down at $1,497.20 along with a +1.4% rally to only then fail, showed us that the market has a...

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Bitcoin has entered roughly, like a 12-day holding pattern. It has not broken its last swing high (10,939.14) for over a week. Nor has it moved down to the last swing low 9321.73 for over 2 weeks now, (not that we desire a lower Bitcoin.) According to our charts, we’ve seen increasing low trade volume since Week 33. Bitcoin closed down -1.33% and -0.93% the week...

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The Euro got caught up in the ECB stability announcement along with the DAX 30 it saw a -0.74% drop at the tune of -82pips before a really-close to 1.1063. We believe this was used as a stop-hunt to take out sellers. The dip served as a signal to start selling the Euro, but banks after triggering seller’s into the market begin buying and creating demand on the...

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With much confidence, Europe’s largest economy saw investor & trader confidence bolster as the German DAX 30 reached +286.3 point rally on the week, closing up at +2.35%. This is the 3rd bullish week in a row. This power drive comes off the ECB’s €20 billion a month bond-buying program. Mario Draghi announced last Thursday that the ECB will purchase EU bonds to...

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Last week the S&P 500 rallied reaching our target of $3,000 off of positive U.S.-China trade news. Just last week China purchased $67 Million in Soybeans. In addition, Trump announced that he is open to an Interim-Deal with China, as they look to settle. According to CNBC, they believe that this trade war has shifted the global economic environment, stating “It...

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Oil saw a massive spike higher on Monday due to the drone attack in Saudi Arabia. Saudi Arabia’s two largest oil-producing facilities. This hit was a devastating blow, which saw Saudi Arabia cut oil production by 50%. This caused huge demand in the price reaching and exceeding our goal of $61 a barrel! Oil moved up an entire +12.8% on the day! Closing has a...

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Gold saw a lower move last week, down -1.27% as U.S. and European markets saw new highs off a few positive responses out of Washington, Beijing, and Brussels. Markets moved to a risk-on position, creating a stagnant tune for Gold. Gold still continues to consolidate within the $1,550 to $1,500 range as it faded off of the former. We believe with a risk-on...

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Bitcoin cleared last week with strength closing up at solid +632 points, just two points below $10,500. Bitcoin stretched a bit more on Tuesday closing up +2.38% before entering into consolidation. Friday brought a -265 point move down before printing little to no movement during the weekend. Our analysis details to us that Bitcoin has slowed to gather some...

KingdomRichOffical

Bitcoin cleared last week with strength closing up at solid +632 points, just two points below $10,500. Bitcoin stretched a bit more on Tuesday closing up +2.38% before entering into consolidation. Friday brought a -265 point move down before printing little to no movement during the weekend. Our analysis details to us that Bitcoin has slowed to gather some...

KingdomRichOffical

Euro wrapped up Thursday and Friday, with both days finishing up at less than 1 pip each. However, that is not to say there was no range, but definitely low activity. We saw Tuesday drop down -45 pips before a sharp rally to close at just about break-even for the day (+0.04%.) This move on Tuesday for a Bullish Low Test candle pattern. We have not revised our...

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The European Union was relatively quiet last week, with no significant economic data coming out. In the same note, German economic growth dipped back to 0.4% in Q2 off of its Q1 0.9%. However, last week, this did not deter German investors as the Deputy Finance Minister, Jörg Kukies stated that German’s international business sector (affected by Tariffs via U.S....