Major Indexes moved lower as banking concerns weighed on the US along with fears of an economic slowdown. Employment data out in the US disappointed and pointed to a slowing jobs market which sets up for an interesting Payrolls release Friday. The USD took a hit, which supported Gold, as traders start thinking of a recession. Being the end of quarter, we may see a...
Major Indexes were mixed to start the new week in Europe and the US. The DAX was down while the UK100 was higher while over in the US the DOW was buoyed by a strong energy sector and the Nasdaq ended lower. We may see the markets drift in the coming sessions as they await the key US employment release and further direction for inflation and interest rates. The USD...
Major Indexes continue to move higher with the US supported by tech stocks into the notoriously bullish end of month/quarter 'window dressing'. We have some key economic data out ahead of the US open which will give a further indication on inflation and what we could look forward to from the coming FOMC. Share markets have been strong although the Bond markets...
Gold is looking good for a break down through 1959 to clear out some longs and drag in some sellers. Ideally I want to see a push below 1959 and then a retest for the lower high entry setup. Lets see how it goes.
European markets rallied from the open which led to a strong open to the USD and a very bullish session. All indexes were up as stock traders went bargain hunting as they brush aside banking woes. For me inflation still needs to cool a lot further before bulls can take control and US consumers are not in a good way which may eventually weigh on markets again. Bond...
European markets gapped up and then saw a slow grind lower while the US could not take out the previous sessions highs and also moved lower into the close. The US was weighed down by big tech as inflation and rate rises are again the main focus. US Bond yields continued to press higher which weighed on tech stocks and the overall broader market. Elevated Consumer...
European markets were sold lower again on the back of banking fears and look ready to be pressured again at the start of the new week. The US opened weaker to follow on from Europe but found an intraday low and rallied into the close to brush aside the earlier weakness. The USD is back moving higher after breaking the recent downtrend leaving Gold to find some...
GBPAUD H4 Break of structure seen now, support held at 1.75600 has now been broken convincingly, just looking for price to correct and retest the underside and hold as resistance, this can be our short zone.
USDCAD D1 Looking at this big daily resistance price now, changed timeframe and scaled up one. Looking for some daily rejections now and daily confirmation before taking any shorts, lets see how today closes, see if we see what we are looking for. Not really interested jumping in impulsively after seeing AUDCAD break resistance yesterday from the D1 analysis we posted.
Trade details are shown on the chart. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades also shown on charts and was covered in ideas yesterday. Trade history can be seen at the foot of this trade idea too for full...
USDCAD H4 We are evidently seeing the USD see a little bit of weakness, but can we hold support on USDCAD lows until we can gear up for some strength/corrective moves. Very similar to what we were expecting from USDCHF, but USDCHF seems to be breaking support now after trying to hold for so long. CAD losing a little bit of ground early doors as we see WTI drop...
NETFLIX, H1: Mirror level + Support line + 2 Hammers + Side of Bollinger bands + Hidden divergence
SALESFORCE, H1: Mirror level + Side of Bollinger bands + Divergence + Spinning Top
We are still looking at long audusd. At 4h time frame. Lower entry point.
We have decided to publicise this trade to help out with the Tradingview community, we recently published a buy trade for GBPUSD on the monthly which is currently doing very well. Today we want to bring USDCAD to your attention, which has confirmed downside below the 200SMA after holding above it for a short period. A death cross is looking likely in regards to...
Another freebie for everyone, this time around we are focusing on EURAUD as a currency pair and its likelihood of upside. The price is currently holding trend at the 50 / 100 SMA's and if / when previously broken has continued to hold at 200 SMA. It looks like we could be on our way to re approach the previous high, located at the top of the daily fibonacci.
As shown, the price has managed to find support above the 50/100 SMA's as well as holding at the fibonacci level shown. After a consolidation phase the price looks like it should continue upwards.
Double bottom confirmed for AUDJPY on higher time frames and whilst we have a wedge forming, I do not think it will be able to break below the yearly lows at it's current state. This could be invalidated by fundamentals such as the trade war with the USA, but lets see how the technical analysis handles.