With the world slowly coming out of the COVID ghost fears, normalization in people's lifestyles is expected to restore as well. Solid figure formation more known as head and shoulders appears on the daily chart of NYSE:NCLH , breaking 16s might lead to 2-3 pints move in the bullish extension of the shoulder. We all dream of getting a cold margarita on the deck...
With the New Year here with the Fed fighting aggressively to battle inflation i know there are a lot of rumors floating around the FED either lowering, maintaining, or increasing the FFR (federal funds rate). none of this matters in my opinion. why? price goes up and buyers slow down. Because, the FED jacked up interest rates so fast that they did not allow...
*High IV enviroment *neutral bias *two resistence levels $86 and $81 *Credit ($1,06) and 42 "DTE"
On January 9, 2023, Bitcoin traded within the range of 16912-17251. As of the time of this writing, its value is 17204. The total market capitalization is 847 billion, with a domination index of 39.1% and a fear index of 25. The stock market opened with growth, with the S&P 500 futures above 3900, the dollar index at 103.37, and gold reaching highs above 1882....
The Australian dollar has posted limited losses on Thursday. In the European session, AUD/USD is trading at 0.6822, down 0.17%. The Australian dollar rocketed higher on Wednesday, rising 1.6% and hitting a 3-week high. This followed reports that China was considering easing its ban on imports of Australian coal. The ban has been in place since 2020, but relations...
Globally we are seeing a good uptick in the market since few days but panic selling in NIFTY has brought it crashing down near major support levels. On the monthly chart drawn here. We look at the major supports on a Fibonacci scale from where NIFTY can bounce back. Major Fibonacci Supports from Current levels are: 18013, 17472, 17036 and finally 15976. Below...
Pfizer (PFE) broke and closed today above the Channel Down that has been dominating the 2022 Bear Market since the January 11 High. At the same time the 1D RSI has been ranging and while the 1D MA200 (orange trend-line) held successfully last time, we do expect one last test or for an even more comfortable long-term buy, the 1D MA50 (blue trend-line). As you may...
Model projecting (and giving heads up) that a new (small) wave should be starting about 20 Dec 2022. This suggests that Singapore will go into 2023 with a COVID wave mostly brought back by holiday travellers. In fact, it has already started and the model just projects a date line where it gets noticeable for the media/regulators/agencies to pick it up too. IF...
The Australian dollar has rebounded on Tuesday after a poor start to the week. In the European session, AUD/USD is trading at 0.6737, up 1.28%. What goes down ... can go right back up. This has been the story early this week for the Australian dollar, which tumbled 1.5% on Monday but has recovered most of those losses today. The Australian dollar was hit hard...
The 2021 BTC double top anomaly is in my opinion a result of the covid crash in 2020. Double tops are rare. This one was the first of its kind for BTC. (gladly correct me if I am wrong) The double top of BTC on 2021 ended on an almost clean close at the 2.272 fib level. Most of people in the space know what this fib level represents. The next bull cycle top...
Was in a number of private discussions over this week, and noted that there appears to be some dynamics in motion currently. Quick note that the Singapore 6th COVID wave is pretty turned over, according to the data provided publicly. It was a smaller wave compared to previously, as expected. However, the neighbouring Indonesia is currently in the midst of a wave...
Brent Crude Oil price is expected to consolidate between 93 to 100, with the main catalyst being China's Covid Policy. There were on-and-off hopes of China's reopening. However, we are still very much on the fence given the continued strict Covid measures in China. On the other hand, China did announce an easing of the measures, reducing the quarantine time....
Good day everyone! Last week, we saw the feds + the rumors of china reopening pushing USD down alot. Now that we know china will not remove their zero-covid policy for a couple of months, USD should get stronger! Also, thanks to everyone for the support lately, it really keeps me motivated to give the community the best quality analysis! Cheers to many pips!
As China reaffirmed its commitment to its zero-corona strategy, dashed hopes for an economic revival that may increase global demand, the New Zealand currency declined below $0.59, erasing gains after a robust surge. China has said that it will continue to impose restrictions in the interim. Naturally, that raises the possibility of a possible adjustment as...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Mirum Pharmaceuticals announced a shelf offering of $10 million today. This...
Well honestly, seeing that Nike's chart only exciting moment was during the bull run of Covid-19, I can only make the assumption that maybe that was the peak of Nike's capitulation. Nike seemingly isn't the global sports fashion it used to be as sports are becoming the 2nd preference for entertainment nowadays. Let's be honest, you're excited about the game...
I do not know the robustness of the data collected, as it differs greatly in different places. But with just a quick comparison: Singapore relaxed mask measures on 29 August, and from early September, there was already an uptick and the MACD histograms pointed out to late September crossover. Indeed, on 30 September, CNA reported a 40% week on week increase in...