Using the 4 hour & 1 Hour charts. I can see towards the tail end of last week the market started consolidating. However, we saw throughout the week a strong bullish trend, as hope around COVID-19 restrictions easing and economic hope, I believe we will see some strength in the Sterling. Using technical indicators, the Stochastic is showing the market is overbought...
New York Coronavirus cases at 70% of Peak, but are still above the 1 standard deviation Upper Bollinger Band
New Coronavirus Cases in US hover around Peak recorded levels
New Coronavirus Cases in South Korea are at 4% of the Peak rolling average
2020 The Great CoviDebt Reset sees markets initially drop by -36%. FED pushes market back up by +33%, right near the monthly 20 EMA level. CB intervention continues to push markets higher which further widens the gap between the markets and economic reality. The last two major pullbacks during the 2001 tech bubble and 2008 global financial crisis saw >50%...
The market is coming back to its previous bullish trend, two proves of that: - Nasdaq is already in neutral territory YTD - Volatility is around 48%, well below its peaks - Some companies, specially American technology are regaining ground effectively sooner than expected which is also good news. The two pillars within this environment that are working are...
New Confirmed Coronavirus Cases in Turkey continue to increase at alarming levels. COVID-19 Peak Levels are still yet to come.
New confirmed Coronavirus cases across Italy are slowly heading in the right direction, currently down to 67% of the Peak 7-day rolling average.
New Coronavirus cases across Spain have bounced back up to near Peak levels (91%).
New confirmed Coronavirus cases are down to 20% of Peak 7-day simple moving average across New Zealand
New COVID-19 cases are declining across most Australian States. Current levels are down to 6% of the Peak 7 day rolling average. Very encouraging signs.
SUMMARY: Looking for a long entry on Gilead Sciences (GILD) after the gap up on news of a COVID treatment. HEADLINE: Looking for a Long Entry After the Gap Up TICKER: GILD STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA --- DESCRIPTION: 1. With this strategy we enter long on...
New Coronavirus Cases in Australia show the COVID19 curve flattening. Additionally the aggregated total cases has crossed below the 1 standard deviation Bollinger Band, potentially indicating a good sign of recovery
New Coronavirus Cases hovering around 20 per day ahead of PM Ardern’s planned announcement mid next week to either continue social distancing restrictions or lower to Level 3
The rally of gold had obviously lead by several reasons such as the investor's fearful on the global economy recovery after the covid-19, the unlimited quantitative easing and bail out policy by the FED, the great uncertainty of geopolitical tension among the middle east and China-US, as well as the instability of the "Asia Financial Hub" - Hong Kong since 2019....
Hello Traders, here is the full analysis for this pair, short term After the price has closed below the rising trend line on the 4-hour, we can enter selling at the trend line let me know in the comment section below if you have any questions,
Johnson & Johnson $JNJ BO a Cup & Handle with some nice volume. NYSE:JNJ
Please click like and follow me if you like my post. Much appreciated! SPX has been going on a W ride for a while and is currently only down around 15 percent from its mid Feb high, putting it in the midpoint of the correction and recession phase. If this trend continues on, it is safe to expect that SPX will more likely to challenge its mid Feb high than...