RF broke out of its upward-sloping parallel channel after the Fed's hint that it may cut rates in July. Rate cuts are generally bearish for banking stocks.
RF is now in a horizontal parallel channel. Analysts remain bullish, so I still suspect it will break upward out of the channel ahead of July 19 earnings. If it holds at the current high-volume support above...
Welcome to this analysis guys on todays bank holiday.
We are looking at the CHFJPY on the 1h time frame. There was a clearly bearish trend line, which was broken to the upside and got retested.
The retest happened with a pin bar or a so called wick. A good indicator about a trend change.
My favorite divergence is also in place.
It is still possible to enter...
On this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
It is foretold a sequence of sacred numbers lies in rest as they await realisation...
Internet meme minds will collide as they overhaul the tyranny of a super-serious and totally-not-fraudulent banking cosmos. The people are prophesised to fight back against over-reaching institutional power perpetuating unnecessary war and at it's core, immoral but also...
i see gold in a high point, and after breaking our liquidity zone, price inmediatly came down saying us that price may retest the zone and then going down.
probably price will be making a correction to keep its bullish movement
A new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED...
price broke trend line, also we expect price to come back to at least 50% fib. retrace to enter longs.
also we are buying in low point, in larger timeframe price showed account breaker candle, so we expect rejection at this level
What is going on Eur/Usd ? So the price is undergoing a very short-term rebound. This allowed the price to return in the 1.12 area. In fact, after entering short about a month ago and reaching the first target in the area of 1,112 (as indicated in the previous analysis), the price returned again near the previous entry point.
Technically, the trend still remains...
Confirmation: 99.65 (weekly candle)
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line.
Here we have the Bank Index vs Fed Funds.
What can we deduce here?
Well, banks are likely to be far less profitable when interest rates are falling... and in the Eurozone firms' case, we see profitability dampened heavily with negative real rates of return.
This is likely due to the misallocation of capital that occurs with risk premium compression.