Cocoa Weekly Opportunity

Cocoa is a member of the “softs” commodity group: those that are grown, rather than mined. As a commodity, cocoa refers to cocoa beans, which are the dried seeds of the Theobroma tree – from the Greek theos, meaning “god” and broma, meaning “food.” Once used as a common currency, cocoa today is used primarily in the production of chocolate and other products, such as cocoa butter.

Continue reading “Cocoa Weekly Opportunity”

USDJPY Weekly Update

Here you can appreciate a USDJPY chart of 6 of September with a projection on the path of the price that behave pretty well, according to plan. The price went from 108 to 114
Then we can see a second chart that is “under construction” with a downward wedge patter at the top and a possible Head an Shoulders, we still need to wait a little to see if this is going to develop like that

Continue reading “USDJPY Weekly Update”

EURUSD – Head & Shoulders

As stated a couple of weeks ago, EURUSD retested the confluence of resistance levels in the 1.1860-1.1870 area, however the downtrend remains intact and we continue to target the 200 day moving average neighorhood which sits at 1.1220. – This next move lower should help bring the pair slightly more in line with curve spreads, the correlation of which broke earlier in July this year.

Continue reading “EURUSD – Head & Shoulders”