Not legal and financial advice; any information provided here is only the personal opinion of the author.
200sma has been a strong resistance since the March drop. The red circles show 4 times trying to get to it. Placing fibonacci retracement lines shows confluence with a support level (green rectangle from late June --> early July) The 20sma crossed below the 50sma on September 27th. (Bearish signal trend model) Also, if we close at the current price, we are...
AUDUSD Key Points The Focus will be on the Australian Dollar this week with the Reserve Bank of Australia (RBA) expected to make a major decision on its cash rate. Additionally, the government will release its Annual Budget. As of Friday’s close, market consensus was evenly split on whether the RBA will adjust the cash rate in October or November. A 50/50...
Chart technical target already processed. In my opinion, wave targets should be searched lower. 1. either massive bank failure ahead with bail-ins or 2. massive rescue packages from the ECB. I bet that ECB will buy bank shares massively and issues uncovered blank checks within the EURO system. What comes to my mind? I have to buy more gold and silver shares...
Trade based on Fundamentals and Price action. With Risk Management You will Never loss. Stop loss and targets mentioned in the trade chart. thank you
NZDUSD trade Analysis Based on Fundamentals Background and Price Action. With Risk Management you will never loss. Than you. "Successful investing takes time, discipline and patience.”
Bank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very...
The US dollar is the world’s main reserve and payments currency, meaning it is the currency in which most global trade and investment takes place. I do believe something is about to happen that will shatter the dollar to all time lows and the COVID impact was only the induction of what is about to come. The FED has been using methods to inflate the market by...
In this case i will privilege the use of short stoplosses and free falling or flying fractals, but the take profits are there if you like it :D
Overall opinion is to SELL .. A lot of confluence technical factors : 200 ema price down , trendline in place and price has closed consistently below 37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48. We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY,...
It ought to be known by everyone that it is necessary in certain recessions for dead cat bounces and over a typical 5 quarter economic cycle down, it is not uncommon for 1 or 2 of those quarters to be bullish. I suspect that the strength around all the discounted earnings from August is mostly baked in now. The concern, in the MT and LT, is the 2's 5's...
bank nifty might turn trending towards upward but this should be the ideal range for expiry
30 year trend broken in March. Not sure if we retest March lows, but at least another 5%-10% to go
JPM showed relative strength during a market pullback and confirmed a pennant breakout with its close even on a down day. A rotation into banks may provide the volume this needs to see fib targets above. Safe entrance above last market open. Stop loss can be set at the fib below.
Many eyes on GS and with a rotation into the financial sector it could truly break out and hold the gains. With the market pullback, gains were softened but the RSI >50 indicates strength. Any entry above the pennant is a good one and should see a retest of the fib above in the next few trading sessions. Fib below can be used as stop loss.
XLF seemed to avoid selloffs on Thursday/Friday where the rest of the market couldn't. Looking for further confirmation Tuesday/Wednesday 9/8 & 9/9
A downtrend line has been forming since pre-COVID highs forming a solid setup. Recent highs over $106 failed to break upwards, a break out of the downtrend can see targets above, with the marked fib close as the support below. Stop loss set below the lows of the most recent daily candle.