Get started

Dubai

Medium Term Outlook on Dubai Financial Market General IndexOn October 2015, I had presented a scenario which depicts an ongoing correction since the top in 2014.  During that post, I indicated that the DFMGI is undergoing what is known under Elliott Wave terms as a double Zig Zag.  The count, I present today does maintain the same view, with the count now near completion. The duration of the correction  has gone beyond what was expected, considering the expectations for Oil and commodities in general was to start a rally by 2016, I refer to the posts on my blog on 26th October, 2015 "Long Term Outlook on USD", and subsequent posts on metals in Q2 2016 calling for early phase of a new uptrend in metals. The DMFGI did join the start of the Oil rally in 2016, however it turned out to be just a continuation of the Zig Zag correction forecasted. Today, we are at the very last stages of that correction and we should be soon in accumulation phase for a new uptrend that is at least equal to the rally that took place between 2012 and 2014. That said, there is an alternate scenario which I am not presenting today, that would see the correction prolonged for at least another year or two. In this alternate scenario the index would still rally in 2019 but fails to break 3740 and and reverts lower in one last leg of of decline. This short term scenario would be looked into, judging how the rally in 2019 will look like. Should the rally in 2019 break 3740 to the upside then below count will be confirmed. On short term, we can yet expect for one more small push lower which would then conclude the pattern or alternatively we would get a small correction upwards to 2900-3000 levels over next months extending into January 2019 when prices would then revert lower for one last push into lows of 2400 +/-, which is the scenario considered below. In either case we are looking at a sizable move upwards to start in Q1 2019.  For the time present, I would be looking for confirmations to indicate that an uptrend has started. We have early soft confirmation with the MACD divergence, but we would also require confirming price action which so far is absent.
DFM:DFMGILong
by Markism
1
BROKERS ARE BAST@RDSblue arrow marks a 360 pip manipulation spike, these are used by brokers to wipe out peoples trades who have set orders or have SL set around key support or resistance areas, its easy money for the brokers! You can see how much of a key area this price was from our orange arrows pointing out where price entered the box and bounced using it as support, now the sneaky, slimy little brokers would have seen this lovely key level formed and knew that loads of people would be setting orders or SL around this area and they would be rubbing there grotty hands together because they were getting ready to manipulate the market and wipe everyone's trades out. You can spot manipulation spikes easy because all they are is a unusually long shadow of a candle that form in the opposite way to the trend of the market, after this spike the price will come back to the market and carry going with the trend. To sum it up brokers are BAST@RDS.
by ApexFX_Pro
10
Ive lost my wife... has anyone seen her? ;pI'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet people complicate trading or are lead to believe that you must have 1000000 indicators and lines on your chart to spot the next move..... WRONG!!! Look at our charts and you will see how clean they are and that we use NO indicators at all and only trade off support/resistance levels, Trend lines and the candles going into these levels... And we are not doing bad ( Which Lamborghini do I take out today? ) ;p But honestly just listen too yourself, learn too trust your own setups, erase people out your life who are not on the same mission as you ( because they will only drag you down, I have lost my wife... has anyone seen her? haha ) And you will see an improvement in trading. If you have any questions about trading or life in general then just send us a message and I will be happy too help.
by ApexFX_Pro
Gold Technical and Fundamental Forecast For Long And Short Term After Looking At " Daily Chart Time Frames" 1.On 10th October 2018 There Was Rectangle Pattern Breakout .This Breakout is same on Weekly Chart 1214 That 1214 Is Strong Support Point For Gold 2.Recently on 13th Nov it traded one month low at 1196 So It Another Strongest Support 3.Looking at Fibonacci Level .38 any daily close above 1244 will be bullish Trend For Gold Till Target of 1280 OANDA:XAUUSD TVC:GOLD On Fundamental Side : We are expecting High Unemployment rate for novemeber month in decemeber report and Higher number of non-farm payrolls Data Secondly factor Which Can Lead Gold Upside Is Xi-Trump Meet Third Is Brexit Event Fourth is G20 Meeting Which Will Be another thing For Investor and Traders who are looking to go long can go with stoploss of 1296 and target of 1264-1280
FX:XAUUSDLong
by deepanshu422
3