Author Archives: Darren Marchal

Indian Indices Trade Lower; Energy Stocks Witness Losses

Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the energy sector and banking sector witnessing maximum selling pressure. The BSE Sensex is trading down by 135 points (down 0.4%), while the NSE Nifty is trading down by 55 points (down 0.5%). The BSE Mid Cap index is trading down by 0.2%, while the BSE Small…

Is 1.1760 The Next Stop For EUR/USD?

The EUR/USD created a double bottom from where it bounced in a “dead cat” style. Can it recover? Not so fast. The Technical Confluences Indicator shows that the pair faces resistance around $1.1834 with the convergence of the Pivot Point one-month Support 2, the Bolinger Band one-hour Lower, and the BB 15-Lower. The next significant congestion of potent…

Silver Miners Chart Signals ‘Time Is Not Ripe’… Yet

We still believe that Silver Investing In 2018 May Become Very Profitable. That is primarily because of the indicators that look super bullish in the Silver Market In 2018. Is now the time to enter? Well, the silver mining chart says to hold on a bit, and that is not necessarily a bad thing, on the contrary…

US 10-Year Yield At Historical High Since 2011

US Treasury note yielded 3.09% which open doors for more aggressive Fed tightening, Long USD/JPY? After months of dollar sell-off since the start of 2018, the dollar has reach its strongest point since December. Chart below shows the 10-year yield breaking back to 2011 levels. The implication of 10-year yield breaking 3% is that inflation…

EUR/USD Bearish Breakout And Wave 5 Challenges 1.1820 Bottom

EUR/USD 4 hour The EUR/USD reversed at Fibonacci resistance levels of wave 4 (green) and is now challenging the previous bottom (blue line) after a strong bearish break below the support trend lines (dotted green). A bearish breakout could indicate a continuation of the 5th wave (blue) and aim for the 1.1750 round level. This…

Trading Forex With Options

Over the last 15 years that I have been trading, I have made efforts to fully understand multiple asset classes as I believe this is the best way for anyone to ensure maximum diversity, minimum risk and, of course, better profits across their investment portfolio. While I have always been very active in FX trading,…

Litecoin (LTC) Erases Gains Despite Getting Listed On Gemini

Despite positive developments around the token, Litecoin (LTC) erased the gains from earlier this week on Tuesday in a sudden change in the bullish sentiment. What Positive Development? The world’s 6th largest currency, Litecoin (LTC), founded by Charlie Lee has been a fan favorite for a while. Most recently, the positive news included Abra starting to…

Gold Sinks As U.S. Dollar Resumes Rally

Gold prices ended Tuesday’s session down $22.63 an ounce, extending losses to a third straight session, as rising bond yields and a strong U.S. dollar abated investor appetite for the precious metal. The dollar index surged to a five-month high on the back of upbeat U.S. economic data. XAU/USD broke below the support in the…