Author

Akif Din

Editor

Akif SH. Din MSTA, CFTe, 2018 Bronwen Wood Memorial Prize Winner, has a solid understanding of global markets, fundamental analysis as well as having a vast amount of knowledge in technical analysis. Akif has experience as a proprietary trader, fund manager and technical analyst and has analysed & traded various asset classes including, G10 & EM FX, Fixed Income, European Equity Indices, Energy, Agricultural and Soft Commodities as well as trading derivatives.

Akif first studied at LAT London gaining an ABE Level 5 Diploma in Professional Applied Financial Market Trading with Futures & Options and gained the highest ever mark attained since the course began.

Akif is a member of the Society of Technical Analysts (STA) and holds the best technical analysis paper of 2018. In 2019, Akif was bestowed with the prestigious Bronwen Wood Memorial Award, an honour only a few hold. He is also a Certified Financial Technician accredited by the International Federation of Technical Analysts (IFTA).


Intermediate

Golden Breakout: Potential for 1,486 for spot gold

We upgrade our neutral conviction on GOLD, mentioned in our prior post, to buy. Yesterday saw a solid 1.3% rise in XAUUSD on the back of a weaker USD, Middle East tensions and Ray Dalio comments. The precious metal broke above key 1,438.63 resistance and a consolidation pattern. A close near the top reinforces bull … Continued

Intermediate

US Dollar Index Holds key Support Post CPI Data, Powell day 2 eyed

DXY continues to grip key Fibonacci support post U.S. CPI data U.S. June Core CPI comes in at 0.3%, its largest monthly increase since Jan 2018. US Treasury Yields rally. EuroDollar & Fed Funds Futures drop, suggesting lower chance of rate cut. After yesterday’s rejection and 0.45% selloff from the 61.8% fibo at 97.15 of … Continued

Intermediate

COMMODITY Key Levels. GOLD, WTI, COPPER

GOLD SPOT: Approaching key support; We remain neutral on our gold position as the precious metal continues to slide from 6-year highs. Market closed below 23.6% fibo at 1,398.38 (May-June rally) reinforcing near-term negativity and potential overstretched conditions. Key support lies at 1,381 in line with an up sloping 21-Day EMA. Break below this level … Continued

Intermediate

AUD Crosses at Key Levels – AUD Chart Pack

In this special publication, we go through a number of AUD/X charts & setups that have caught our attention. We find the AUD at critical areas, which could dictate the directional bias of the AUDTWI in the 2H 2019. Across our momentum breadth studies for 19 AUD/X pairs: RSI Breadth – 68% bullish. However, divergence … Continued

Intermediate

G10 FX Monthly Candlesticks June 2019

Summary of the June monthly candlestick, along with trending & momentum developments across G-10 FX and implications for months ahead. EURUSD Monthly Candle: Strong bull candle with close above April & May highs. Large body shows strong sentiment. Implication: Trimming losses after April/May show indecision through long legged Doji and Spinning Top patterns. Confirms a … Continued