Author Archive for InvestMacro – Page 145

3 Ways Artificial Intelligence Is Changing Medicine

By India Bottomley

From smart speakers in the operating room to virtual diagnosis and treatment plans, The AEDITION looks at a few of the ways artificial intelligence is shaking up the medical industry.

We may not be at the point where you overhear your surgeon saying, “Hey, Google, pass the scalpel,” but artificial intelligence (AI) is gradually making its way into the healthcare industry and, by extension, dermatology and plastic surgery practices, too. Even in its limited use, AI is already helping providers offer their patients better care — whether it’s pre-op, in the OR, or during the recovery process. Here are three ways artificial intelligence is shaking up medicine.

1. AI Patient Care

Your experience with a medical practice starts as soon as you look for information online. You might have questions for the practitioner or want to book an appointment. In the past, you would have emailed or called the practice, but you may now find yourself speaking to an AI assistant on the practice’s website. Going forward, the carefully programmed software could even help patients with aftercare following surgery.

New York city-based board certified plastic surgeon, Philip Miller, MD, who is an expert in rhinoplasty, is at the forefront of the integration of AI in aesthetic practices. Dr. Miller developed an AI Chatbot called Aestheti.Bot that can instantly answer common patient questions. While his interface works by having patients text it directly, other chatbots are available via Facebook Messenger and can be integrated with Amazon smart speakers. While the chatbot does not replace medical advice, it does offer patients instant answers to frequently asked questions — any time, anywhere.

There are already apps driven by artificial intelligence that help patients recover from orthopedic surgery, and the technology could be adapted for cosmetic procedures and plastic surgery. Apps like myrecovery.ai allow surgeons to tailor recovery programs for their patients and track their progress as they recover, while patients glean a better understanding of how best to take care of themselves.

But AI isn’t just tackling of medical questions and care — it is also looking after patients and practitioners’ schedules. You may find that the next time you make an appointment for a procedure, an AI interface will remind you what aftercare protocol to follow when you get home and help you to schedule your follow up appointments accordingly.

2. A New Kind of Surgical Assistant

While artificial intelligence robots may not be ready to replace nurses and physician assistants, they responsible for some basic tasks in the operating room. Dr. Miller, for one, uses a smart speaker to control the lighting and some machinery in his OR.

Surgeons are using smart speakers to set timers and keep track of information while operating. During treatment, doctors can ask the smart speaker to access medical information about a patient, which may allow them to make decisions without having to ‘break’ their sterile scrub. AI technology has also been developed to allow providers to ask for recommendations about things like implant usage based on patient data, and, while the software has not been created specifically for cosmetic procedures, it’s likely only a matter of time.

AI is also helping doctors provide more personalized care. Cleveland Clinic and IBM implemented a program that analyzes data from thousands of medical papers and other sources to create more efficient treatment plans for patients. There are also virtual nursing services that allow providers to digitally answer questions about minor concerns — without a phone call or in-office visits.

And let us not forget that as voice-to-text technology has improved, so too have the workflows in many doctors’ offices, with dictation simplifying everything from note taking to prescriptions.

3. Computer-Assisted Diagnosis

On the more mindblowing end of the AI revolution, Google is developing a technology that it claims is able to diagnose skin concerns as accurately as a dermatologist.

Developers created a so-called “deep learning system” and taught it to recognize 26 common skin conditions that often lead to patients consulting a dermatologist. The system analyzes photos and basic data about the user, before suggesting a list of possible diagnoses — from most to least likely. In a similar vein, Stanford University tested an AI algorithm designed to detect skin cancers. When tested against practicing dermatologists, the tech performed as well as its human counterparts.

Additionally, there has been early testing to see if a deep learning system could help identify breast cancer metastasis. MIT, meanwhile, is leading research into AI-assisted medical imaging analysis, in which algorithms could help doctors in remote areas to analyze test results without telemedicine, and there is hope that the technology will reach the point that a simple smartphone photo of a rash or cut is enough to determine the type of care a patient needs.

The Takeaway

While we’re still a ways away from having robots greeting us at the doctor’s office and trusting computers with clinical decisions, AI is steadily making inroads in the healthcare industry. For now, look out for automated booking systems and AI-generated aftercare, but don’t be surprised in a few years’ time if there’s an AI application waiting to diagnose and prescribe treatment — without a trip to the doctor’s office.

This article was written by India Bottomley and originally posted at aedit.com

 

Forex Technical Analysis & Forecast 04.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After finishing the correction, EURUSD is moving upwards. Possibly, the pair may form one more ascending wave towards 1.1231. Today, the price may reach 1.1181 and then resume falling to reach 1.1156. After that, the instrument may start another growth with the target at 1.1202.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.2948. Possibly, today the pair may form a new descending structure to reach 1.2909 and then resume trading upwards to break 1.2975. Later, the market may continue growing with the target at 1.3087.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9870. Today, the pair may fall to reach 0.9840 and then form one more ascending structure towards 0.9870. After that, the instrument may start a new decline with the target at 0.9813.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending impulse at 108.23 along with the correction; right now, it is forming the second impulse. Possibly, the pair may break 108.27 and then continue the correction towards 108.56. Later, the market may continue trading downwards with the target at 108.27.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving upwards. Today, the pair may reach 0.6925 and then form a new descending structure towards 0.6903. After that, the instrument may start another growth with the target at 0.6950.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

After rebounding from 64.14 and then breaking 63.56, USDRUB is moving downwards to reach 63.00. The pair isn’t traded today due to the holiday in Russia. After the market opening tomorrow, the pair may reach 63.27 and then form one more ascending structure towards 63.63. Later, the market may resume falling with the short-term target at 63.00.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is falling; it has already broken 1.3145. Possibly, the pair may continue trading downwards to reach 1.3104 and then start a new growth with the target at 1.3155.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is consolidating above 1506.15. Today, the pair may fall towards 1496.60. After that, the instrument may start another growth to return to 1506.15 to test it from below and then form a new descending structure with the target at 1480.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After reaching 60.85, Brent has completed the continuation pattern to extend this wave towards 62.16. Possibly, today the pair may form a new descending structure to reach 60.84 and then resume growing towards 61.50, thus forming another consolidation range between these levels. If later the price breaks this range to the downside, the market may continue moving downwards to reach 59.33; if to the upside – resume trading inside the uptrend with the short-term target at 64.00.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is moving downwards. Possibly, today the pair may fall to break 9040.00 and then continue the correction towards 8900.00. Later, the market may start another growth to return to 9040.00 and then resume moving downwards to reach the key correctional target at 8700.00. After that, the instrument may form one more ascending structure towards 11100.00.

BITCOIN

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Warning: Credit Delinquencies To Skyrocket In Q4

By TheTechnicalTraders.com

Farm delinquencies skyrocket +24% year over year as global trade issues and the ability to service credit continues to be a problem.  This is a tell-tale sign that the US Fed decreased the Prime Rate recently as a result of broader credit issues related to higher interest rates for corporate and other borrowers.  The last thing the Fed wants is another collapse on the lending markets similar to 2008-09.

(source: zerohedge.com)

Low growth continues to plague the global economy as this extended run in the US stock market continues to mature.  There are many questions all traders are asking – will it continue higher or have we reached a new peak in price activity?  Many economists believe we are ending an expansion period related to the revaluation of the global markets after the 2008-09 credit market collapse.  The typical price cycle of approximately 6~7 years has extended beyond traditional bounds and many analysts are wondering how it may end?

If an economic cycle has truly come to an end, we should expect to see some change in economic activity levels, consumer confidence and mortgage/housing activities.  The end of an economic cycle is usually aligned with some moderate level of economic contraction and a slowing of economic activity.  The one thing that may continue throughout this end of the mature economic cycle is the “capital shift” where capital rushes away from risk and into the US stock market as long as the reversion event stays at bay. (source: zerohedge.com)

Consumer Confidence levels have fallen recently to new lows.  This is a very clear sign that consumers expect the economy to contract a bit based on continued trade-related issues and the overall maturity of the economic cycle.

Most of the “rest of the world” has continued to binge on credit/debt since the 2008-09 credit crisis.  This is a very clear sign that the US Fed and global central banks have pumped trillions of dollars out into the consumer, corporate and global markets over the past 8+ years.  The question for all of us is when and if this debt becomes a liability – when does this credit become un-serviceable?

China and Asia were some of the biggest consumers of US credit/debt since 2008-09.  This graph highlights the incredible 10,667% increase in debt in China since the 2008-09 levels – from approx 300 million to 3.2 billion in 8-9 short years.  It appears the global economic rally was really the “binge on credit” rally.

US Mortgage debt has climbed to near all-time highs recently as well.  This is a sign that the US housing market has rallied to levels that are very close to the peak levels in 2007-08 – just before the crash.  It may also be a sign that cracks may soon start to appear in the housing markets across the US as delinquencies and foreclosures may continue to skyrocket.  People need to be able to service this debt/liability effectively in order to maintain their assets.

We believe the path of least resistance in the US stock market is higher – at least until price breaks below the current price trend channel.  The continued capital shift where foreign investors continue to pour capital into the US stock market will likely continue until some event shakes the confidence of these foreign investors.

You can see from our Monthly chart of the ES, below, we have highlighted the longer-term economic maturity trend which typically lasts about 6~7 years.  The rotation in 2015-16 was very mild as the US Fed continued a type of quantitative easing process by buying bonds and keeping interest rates historically low.  Because the US stock market actually failed to experience any real price rotation near this 2015~2016 cycle date – we believe the current cycle highs are extremely extended and related to the credit binge that has taken place over the past 8+ years.

Our cycle research suggests we may have already past a cycle peak event and may be operating on borrowed time right now.  This suggests that any further upside price activity in the US stock market may be a function of the overall strength of the US stock market compared to the weakening economic activity throughout the world.  In other words, the capital shift process is still feeding large amounts of capital into the US stock market as foreign investors flee risk and uncertainty.  If and when this ends, the US stock market will likely begin a price reversion process that may result in a very deep price correction.

This last Monthly ES chart provides a closer look at the technical indicator data that we believe highlights the overall weakness that is building up in the US stock market.  Even though we’ve recently pushed to new all-time highs, our technical indicators are suggesting that price is actually weakening in the upside price trend and could break lower at any moment.

The Direction Movement index, Momentum, and MACD of Momentum are all highlighting a weakening price trend that appears to be setting up for a broader downside price move eventually.  Traders need to be very aware of the risks in this extended upside price trend and to prepare for the potential of a new credit crisis event related to the current credit levels that are far more extended than in 2008-09.  If something breaks in the credit markets now, there appears to be nearly 5x to 10x the amount of credit extended throughout the global than there was 8 short years ago.

November will be the month of breakouts and breakdowns and should spark some trades. I feel the safe havens like bonds and metals will be turning a corner and starting to firm up and head higher but they may not start a big rally for several weeks or months.

October was a boring month for most major asset classes completing their consolidation phase. Natural gas was the big mover in October and subscribers and I took full advantage of the bottom and breakout for a 15-22% gain and its till on fire and trading higher by another 3% this week already.

If you like to catch assets starting new trends and trade 1x, 2x and 3x ETF’s the be sure to join my premium trade alert service called the Wealth Building Newsletter.

Happy Trading
Chris Vermeulen

TheTechnicalTraders.com

Fibonacci Retracements Analysis 04.11.2019 (GOLD, USDCHF)

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, it’s been a month since the pair started moving sideways after the convergence. XAUUSD is getting closer to the high at 1519.57 and trying to break it for the third time. If the price breaks the high, the instrument may continue growing towards 76.0% fibo at 1533.08 and then the key high at 1557.00.

GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, there is a convergence on MACD while the pair is trading close to the previous high at 1517.89, which means that the price is slowing down the current growth, which may be later followed by a new short-term pullback. If the instrument breaks the above-mentioned high, it may continue growing towards the post-correctional extension area between 138.2% and 161.8% fibo at 1531.80 and 1536.21 respectively.

GOLD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, another descending impulse is heading towards the fractal low at 0.9840. If USDCHF breaks this level, the instrument may continue the mid-term descending tendency towards 61.8% and 76.0% fibo at 0.9801 and 0.9748 respectively.

USDCHF_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, there is a convergence on MACD, which may indicate a possible pullback. The upside correctional targets may be 23.6%, 38.2%, and 50.0% fibo at 0.9877, 0.9895, and 0.9910 respectively. the support is the low at 0.9849.

USDCHF_H1

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

The Dollar Index Closed in the Red Zone. Investors Expect News on APEC Summit Venue

by JustForex

On Friday, the US dollar fell against a basket of currency majors. The United States published mixed data on the labor market. Thus, 128,000 new jobs were created in the nonfarm sector of the country, which is higher than the forecasted value of 89,000. At the same time, the growth of average hourly earnings slowed down from 0.4% (m/m) to 0.2% (m/m ) The unemployment rate rose from 3.5% to 3.6%. ISM manufacturing PMI counted to 48.3 and was worse than the forecasted value of 48.9.

Meanwhile, news that Washington and Beijing would soon announce a new place where US President Donald Trump and Chinese President Xi Jinping would sign the “first phase” of the trade deal put additional support to the markets. It should be recalled that an APEC summit, at which officials were supposed to sign the deal, was to be held in Chile. However, the summit was soon canceled by the Chilean authorities. It also became known that on Friday phone negotiations between Vice Premier of the People’s Republic of China Liu He, US Trade Representative Robert Lighthizer and US Secretary of the Treasury Steven Mnuchin took place, during which the main provisions of the future agreement were concluded.

The “black gold” prices show positive dynamics. At the moment, futures for the WTI crude oil are testing the $56.60 mark per barrel.

Market Indicators

On Friday, there was the bullish sentiment in the US stock markets: #SPY (+0.93%), #DIA (+1.06%), #QQQ (+0.91%).

The 10-year US government bonds yield has moved away from local lows. At the moment, the indicator is at the level of 1.75-1.76%.

The Economic News Feed for 04.11.2019:
  • – German manufacturing PMI at 10:55 (GMT+2:00);
  • – Construction PMI in the UK at 11:30 (GMT+2:00).

by JustForex

The Analytical Overview of the Main Currency Pairs on 2019.11.04

by JustForex

The EUR/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.11517
  • Open: 1.11691
  • % chg. over the last day: +0.13
  • Day’s range: 1.11596 – 1.11737
  • 52 wk range: 1.0884 – 1.1623

Last week, the USD weakened against a basket of world currencies. The USD index (#DX) completed the trading session in the red. The United States published mixed labor statistics for October. A weak report on PMI in the country’s manufacturing sector put additional pressure on the USD. At the moment, EUR/USD quotes are consolidating around 1.11500-1.11750. The trading instrument can grow further. Investors continue to monitor trade negotiations between Washington and Beijing. On Friday, US representative Robert Lightheiser and Secretary of Treasury Stephen Mnuchin made progress on a number of issues during a phone call with Chinese Deputy Prime Minister Liu He about an interim trade agreement. We recommend opening positions from key levels.

At 10:55 (GMT+2:00), the PMI for manufacturing sector of Germany will be published.

EUR/USD

The price fixed above 50 MA and 100 MA, which signals the strength of buyers.

The MACD histogram is in the positive zone and continues to rise, which gives a strong signal to buy EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.

Trading recommendations
  • Support levels: 1.11500, 1.11300, 1.11150
  • Resistance levels: 1.11750, 1.12000

If the price consolidates above 1.11750, expect further growth toward 1.12000-1.12200.

Alternatively, the quotes could decrease toward 1.11300-1.11100.

The GBP/USD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.29292
  • Open: 1.29280
  • % chg. over the last day: -0.05
  • Day’s range: 1.29280 – 1.29428
  • 52 wk range: 1.1959 – 1.3385

An ambiguous technical pattern has developed on the GBP/USD currency pair. Sterling is consolidating. At the moment, the local support and resistance levels are: 1.29250 and 1.29450, respectively. GBP / USD quotes have the potential to decline. Market participants are waiting for new information on the Brexit issue. Today, investors will evaluate important economic releases from the UK. You should open positions from key levels.

At 11:30 (GMT+2:00), the UK will publish a PMI in the construction sector.

GBP/USD

Indicators do not provide accurate signals: the price crossed 50 MA and 100 MA.

The MACD histogram is near the 0 mark.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates a bearish sentiment.

Trading recommendations
  • Support levels: 1.29250, 1.29000, 1.28650
  • Resistance levels: 1.29450, 1.29700, 1.30000

If the price consolidates below 1.29250, expect the quotes to fall toward 1.28900-1.28700.

Alternatively, the quotes could grow toward 1.29700-1.30000.

The USD/CAD currency pair

Technical indicators of the currency pair:
  • Prev Open: 1.31610
  • Open: 1.31366
  • % chg. over the last day: +0.15
  • Day’s range: 1.31331 – 1.31457
  • 52 wk range: 1.2727 – 1.3664

The USD/CAD currency pair went down. The trading tool has updated local lows. Looney is currently consolidating in the range 1.31200-1.31450. Support for Looney is provided by the positive dynamics of oil quotes. The US dollar remains under pressure after the release of weak economic releases on Friday, November 01. We do not exclude a further drop in the USD / CAD quotes. We recommend opening positions from key levels.

The Economic News Feed for 04.11.2019 is calm.

USD/CAD

Indicators do not give accurate signals: the price has fixed between 50 MA and 100 MA.

The MACD histogram is in the negative zone, indicating a bearish sentiment.

The Stochastic Oscillator is in the neutral zone, the %K line crossed the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.31200, 1.31000, 1.30750
  • Resistance levels: 1.31450, 1.31700, 1.32000

If the price consolidates below 1.31200, expect the quotes to drop toward 1.30900-1.30700.

Alternatively, expect the quotes to rise toward 1.31700-1.31900.

The USD/JPY currency pair

Technical indicators of the currency pair:
  • Prev Open: 108.018
  • Open: 108.218
  • % chg. over the last day: +0.15
  • Day’s range: 108.182 – 108.323
  • 52 wk range: 104.97 – 114.56

The USD/JPY currency pair went up after a significant drop last week. The trading instrument has set new local highs. At the moment, the USD/JPY quotes are testing the “mirror” resistance of 108.300. 108.100 is the immediate support. The trading instrument has the potential for further recovery. We advice you to pay attention to the dynamics of yield on US government bonds. Open positions from key levels.

Today, Japan’s financial markets are closed due to the holiday.

USD/JPY

Indicators do not give accurate signals: the price has fixed between 50 MA and 100 MA.

The MACD histogram has moved into the positive zone, which indicates a further correction of the USD/JPY currency pair.

The Stochastic Oscillator is located near the overbought zone, the %K line is above the %D line, which gives a weak signal to buy USD/JPY.

Trading recommendations
  • Support levels: 108.300, 108.500, 108.700
  • Resistance levels: 108.100, 107.900

If the price consolidates above 108.300, expect a further correction USD/JPY toward 108.500-108.700.

Alternatively, the quotes could devrease toward 107.900-107.700.

by JustForex

DAX30 CFD range-bound between 12,800 and 13,000 – will it break higher?

By Admiral Markets

November 4 Economic Event

Source: Economic Events 04 November 2019 – Admiral Markets’ Forex Calendar

After the FED cut by 25 basis points last Wednesday, along with stating that the US central bank will act in a more data-dependent way regarding future monetary policy decisions, the ISM Manufacturing PMI printed at 48.3 points for October, rising slightly from a decade-low of 47.8 points, but still missing market expectations of 48.9 points, keeping near-term recession fears in the US elevated and thus fuelling hopes of further rate cuts and liquidity injections from the FED.

The DAX30 CFD fell short of breaking 13,000 points, but since the economic calendar is quite thin today, the DAX30 CFD will mainly be driven by technical components. In this respect, the German index finds a clear advantage on the long side.

If we get to see an attack, a squeeze higher to 13,050/100 seems likely. Still, given rising fears around trade positions hardening again between the US and China, we wouldn’t be too optimistic and would take long-engagements in equities only with a reduced position size.

On the downside, the focus clearly lies on the region around 12,800 points.

A break lower makes a further drop as low as 12,600 points an option, a little more conservative bearish target can already be found around 12,650/670 points.

DAX30 CFD - Hourly Chart

Source: Admiral Markets MT5 with MT5SE Add-on DAX30 CFD Hourly chart (between 15 October 2019 to 01 November 2019). Accessed: 01 November 2019 at 10:00 PM GMT

DAX30 CFD Daily Chart

Source: Admiral Markets MT5 with MT5SE Add-on DAX30 CFD Daily chart (between 26 July 2018 to 01 November 2019). Accessed: 01 November 2019 at 10:00 PM GMT

Please note: Past performance is not a reliable indicator of future results, or future performance.

In 2014, the value of the DAX30 CFD increased by 2.65%, in 2015, it increased by 9.56%, in 2016 it increased by 6.87%, in 2017 it increased by 12.51%, in 2018 it fell by 18.26%, meaning that after five years, it was up by 10.5%.

Trade With MetaTrader 5

Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

  1. This is a marketing communication. The analysis is published for informative purposes only and are in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
  2. Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the Analysis.
  3. Each of the Analysis is prepared by an independent analyst (Jens Klatt, Professional Trader and Analyst, hereinafter “Author”) based on the Author’s personal estimations.
  4. To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
  5. Whilst every reasonable effort is taken to ensure that all sources of the Analysis are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis. The presented figures refer that refer to any past performance is not a reliable indicator of future results.
  6. The contents of the Analysis should not be construed as an express or implied promise, guarantee or implication by Admiral Markets that the client shall profit from the strategies therein or that losses in connection therewith may or shall be limited.
  7. Any kind of previous or modeled performance of financial instruments indicated within the Publication should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
  8. The projections included in the Analysis may be subject to additional fees, taxes or other charges, depending on the subject of the Publication. The price list applicable to the services provided by Admiral Markets is publicly available from the website of Admiral Markets.
  9. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.

By Admiral Markets

Are Metals Beginning Another Rally Attempt?

By TheTechnicalTraders.com

Recently, the US stock market rallied to new all-time highs which prompted an almost immediate celebration.  A day later, the US stock markets reacted by setting up multiple top rotation patterns.  The next day, a moderate price rally set up after the US Fed decreased rates by 25 basis points.  The next day, the markets sold off dramatically with heavier volume – prompting the metals and the VIX to rally.

We’ve been warning for weeks that the US markets were setting up into a Pennant/Flag formation within a tightening range biased to the upside.  See our index trend analysis signals here. We believe the move in precious metals today may be indicative of a breakout/breakdown move in the markets – near the apex of the pennant formation on the Gold chart, below.

We believe this Pennant/flag formation on the Daily Gold chart aligns with the longer-term pennant formation that setup in the US stock market.  We believe the breakout move in metals may be a very strong indication that the US stock market may begin a reversion price move, a deeper downside price rotation, that may result in a spike in the VIX and metals while the US, and potentially global, stock markets react to weakness that may drive a price correction over the next few weeks.  This type of price correction may be just like the correction that happened near the end of 2018.

As we’ve been warning over the past few weeks, we believe the US and global stock markets are setting up in a very fragile price pattern.  One that may result in a moderately deep price correction that may surprise investors over the next few weeks and months.  Be prepared for some very large volatility and an increased risk of a potentially very deep price correction over the next 60 to 120+ days.

If gold continues as we suspect, a rally to the $1600 to $1650 level may be seen very quickly.  Ultimately, this rally may continue to levels above $1700 to $1750 before the end of 2019.  The speed of the rally in metals will relate to the amount of fear generated by any weakness in the global markets and the speed and severity of potential price collapse.

Silver, which should lag behind Gold initially, may see one of the biggest rallies drive prices well above $22 to $23 on the initial upside move – we may just have to wait for it to accelerate as Gold will likely lead this rally.

At this point, price is the true indicator.  Technical analysis, price patterns, price theory, and other resources allow us to better understand what is likely to happen in the future.  Any price failure after the US stock market reached these nominal new highs will prompt an attempt to retest recent price lows.  This means the US stock market may attempt to retest the June 2019 lows or the December 2018 lows on deep price correction.

Read some of our past research posts to understand why this setup is so important for all traders to understand.  Failure at this level could be a critical top formation that pushes the markets into a new trend.

October 29, 2019: LONG-TERM PREDICTIVE SOFTWARE SUGGESTS VOLATILITY MAY SURGE

October 20. 2019: BLACK MONDAY 1987 VS 2019 – PART II

September 22, 2019: THE EQUITIES WEDGE AT THE EDGE – FRONT AND CENTER

Concluding Thoughts:

October was the month of most major asset classes completing their consolidation phase. Natural gas was the big mover in October and subscribers and I took full advantage of the consolidation and breakout for a 15-24% gain and its till on fire and ready to rocket higher.

November will be the month of breakouts and breakdowns and should spark some trades. I feel the safe havens like bonds and metals will be turning a corner and starting to firm up and head higher but they may not start a big rally for several weeks or months.

If you like to catch assets starting new trends and trade 1x, 2x and 3x ETF’s the be sure to join my premium trade alert service called the Wealth Building Newsletter.

Happy Trading
Chris Vermeulen

TheTechnicalTraders.com

 

Forex Technical Analysis & Forecast 01.11.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After finishing two descending impulses, EURUSD has reached the closest correctional target at 1.1130. Possibly, the pair may form one more descending wave towards 1.1122 and then start a new growth to reach 1.1189. in fact, the market is expected to form the fifth ascending wave. The key predicted target is at 1.1236.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards. Possibly, the pair may extend the current wave towards the target at 1.3028. Today, the price may reach 1.2985 and then start another decline towards 1.2920. Later, the market may resume trading upwards to reach the above-mentioned target.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

After breaking the consolidation range downwards at 0.9862, USDCHF is falling towards 1.9842. Today, the pair may reach this level and then form one more ascending structure towards 0.9865, at least. After that, the instrument may start a new decline with the target at 0.9813.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the descending impulse with the first target at 107.90. Possibly, today the pair may correct this impulse towards 108.56 and then fall to break 107.80. Later, the market may continue trading downwards with the target at 106.75.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correction at 0.6883; right now, it is moving upwards. Possibly, the pair may reach 0.6925 and then form a new descending structure towards 0.6903. After that, the instrument may start another growth with the target at 0.6970.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving upwards to return the upside border of the range. Possibly, the pair may break 64.13 and then continue the correction with the short-term target at 64.53.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is falling towards 1,3100. Possibly, today the pair may reach this level and then start a new growth with the target at 1.3185.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After breaking the consolidation range to the upside, Gold has reached 1514.00. Today, the pair may fall towards 1496.60 and then start a new correction with the target at 1505.33.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is consolidating around 60.00. Possibly, today the pair may form one more ascending structure towards 60.38 and then resume trading downwards to reach 59.33 to complete the correction. Later, the market may start a new growth with the first target at 60.85.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has expanded the consolidation range towards 9390.00; right now, it is moving downwards. Possibly, the pair may reach 8700.0 and then resume moving upwards with the target at 9700.00.

BITCOIN

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Fibonacci Retracements Analysis 01.11.2019 (BITCOIN, ETHEREUM)

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, after finishing the ascending impulse, BTCUSD is correcting. The impulse itself is a part of the mid-term correction that started after the convergence. By now, the impulse has already reached 38.2% fibo. Later, the market may complete the current local correction and resume growing towards 50.0% and 61.8% fibo at 10578.00 and 11345.00 respectively. the support is at 7302.00.

BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is correcting downwards and has already reached 50.0% fibo. The next downside target may be 61.8% fibo at 8532.00. The resistance is the high at 10521.60.

BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the H4 chart, after falling and trying to test the low at 152.28, ETHUSD started a new rising impulse, which has already tested 61.8% fibo. The next upside target is 76.0% fibo at 207.04. however, if the price breaks the low, the instrument may continue falling towards 76.0% fibo at 148.60 and then the post-correctional extension area between 138.2% and 161.8% fibo at 135.30 and 124.40 respectively.

ETHEREUM_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the instrument is correcting in the form of Triangle after completing the rising impulse and has already reached 50.0% fibo. The next target is 61.8% fibo at 170.60. The resistance is the local high at 198.94.

ETHEREUM_H1

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.