Although gold futures finished fractionally higher on the day, it has closed lower on the week. This now marks the fourth consecutive week in which gold futures have closed lower and below the open on Monday. When we look at a weekly candlestick chart, we can see that even though gold closed, in essence, unchanged, it is a red colored candle indicating the close...
Interesting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward. Note that the lines represented here are the 100-day exponential...
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This is getting politicized a ton with the ongoing "trade war" issue. I'm not writing off the fact that trade wars are a problem, and I wouldn't write off that they could have some effect on how the currency reacts. But the deval of the Yuan is unlikely to be a trade war retaliatory measure. This is worse - this is the uncontrolled devaluation of the Yuan due to...
Looking at support and RSI this time. RSI indicates oversold conditions, but prices may likely touch the support line again. It is safer to wait until prices touch the displayed support line, but the current price is also a well-tested support. Disclosure: I am long CWEB.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
Earlier this month, my friend Harrison Schwartz wrote an eye opening article exposing the disaster that is in store for Chinese Real Estate investors (seekingalpha.com). The article analyzes the unthinkable situation China is in, and what is most likely going to happen. After reading it, my first thought was how can I make money off of this inevitable crash? That...
Looking at the long-term trend, the Chinese A-shares are trading within a pretty well defined range since the mid 1990's. This includes two meteroic bubbles that have risen as quickly as they've crashed. Despite these bubbles forming, they haven't caused any massive damage to the Chinese economy such as what we saw when other large bubbles broke down (such as...
Shanghai Due for a Bounce - Trump giving a break? BRICS meetings
We can clearly see the relationship of the Shanghai composite and its copper future, as the price is greatly affected by the beginning of the war Trade / USA / China // , in the chart I have highlighted the beginning of this event, and also the main base below the Shanghai Composite price., trend. There is also mention of the almost instantaneous effect in the...
Last week, NFP news came out. Bullish report for the USD, but the unemployed rate has gone up, crushing the bullish expectations. Donald Trump has also announced trade wars with China. Making the overall news bearish for the USD. Trend analysis shows that it's about time Gold will go up.
The breakdown in my China/Asia custom index appears to be accelerating downward. I called this move over 4 months ago as I saw economic issues playing out in China that could be dangerous. With Malaysia's new PM, Mahathir, pushing to expose corruption and graft from locals and Chinese investment firms, I expect continue news to POUND China over the next 12+...
Let’s keep an eye on $1,246. The idea is to take buying positions above it for 30/40 pips. While sell entries will be preferred below $1,246 to target $1,242. Good luck and stay tuned for more updates.
Trump continues to escalate the Trade War, now hitting China Mobile. Chinese bourses are being watched in order to gauge the seriousness of Trump's moves. Remember that Tariffs come into place Friday July 6th.
I hope everyone has had a great Monday. Skyworks Solutions -1.91% is a semi-conductor company that is traded on the NASDAQ. While I wouldn't normally bet against the semi-conductor industry, this, I believe is a quick short for easy gain. Trade war tensions have been high and will likely remain high until a deal is struck with China over what President Trump...
$USDCNH #Yuan #China #TradeWar #CurrencyWar $FXI $EEM These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I...
Current Price: .00146 BTC Signal: .00168 BTC Target: .00250 BTC Stop-Loss: .00129 BTC ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
This is my first chart, and wont be my last. All of my ideas are never legal advice, and I wouldn't recommend investing any money you cannot afford to loose physically and emotionally. Any constructive advice is always welcome, as I stay open minded to any possibilities. I want everyone to win! Im going to keep it as simple as I can. This is the Daily...