EURUSD is fast approaching a very significant region of resistance.
One that has been respected for the past 12 years.
Will we see it continue to hold, keeping the EURO's gains against the USD limited?
OR
Are we on the verge of the pair breaking higher?
Time will tell...
ETH/USD
-price action has been making a series of Higher Lows
-and a clear flat area of resistance making an ascending triangle
-to confirm this pattern, we need to see a break above the area of resistance
-if that happens, buyers will start to jump in to move the price higher
-technically, bulls have the chance to win this game in my opinion
-but let us all wait...
We know covid is taking hit on companies, yet TESLA is a beast like no other. I'm not bearish nor have any position on this and would just like to give a heads up on levels to watch for on a pull back with earnings. Looking at the order book the past few days I've notice that the only buys and sells were from small investors and the 100 share buys are nowhere this...
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows.
📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
1860 is the 100% Fib extension. I reckon XAU needs a major correction, at least to the "potential target 1", an excellent risk-reward ratio for sure.
This analysis fails if it can break out and close above the 100% Fib extension.
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not...
Banks have been accumulating silver for exactly 6 years. From July 2014 to July 2020. So do you think they will spend 6 long years to buy silver cheap and then dump it in the 20"s price range. I personally don't think so. We might not see these price for silver for a very long time.
MMHWRW
Anyone watching (or trading) US equity markets might have noticed some (lets call it) optimistic price action in certain stocks, such as (but not limited to) AAPL, AMZN, PTON, ZM, and of course TSLA. Keen observers will also have noticed 9984 Softbank also ripping through new record highs.
At the same time, these stocks tend to sell off together - and I mean...
Going to do a trial trading with a small balance and following specific rules:
Rules:
1. No earnings plays
2. No increasing/averaging down, use a stop loss of 20-30%
3. Charting based on triangles/wedges and SMAs
4. At the money/near the money (except larger cap/further out (AMZN/TSLA/CMG), so far played these well)
5. Risk/reward 3/1 or greater
6. Buy at...
The Dollar Index at the peak of the Coronavirus lockdown rallied, almost touching 103 – the highest level since 2017. The Dollar index shows the relative strength of the USD to a basket of other currencies. However, a couple of currencies strengthened as everyone was hoarding the USD – The JPY.
If the JPY got stronger, why was everyone talking about USD being a...
Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...
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Our mid term bias remains on the bearish side. However, given how manipulated this market is, I don't think a major drop is going to happen when retail margin traders are overly short. Fake outs are necessary for the short term to...
Last week, Swiss currency is the strongest of all and we expect it currently in its exhaustive phase in the coming weeks.
We could take this opportunity to capitalize on other currencies.
At weekly TF, CADCHF is trying to make a U-shape pattern and this would be a great opportunity for long with good risk to reward ratio.
This is a long term idea.
The whole...
This chart shows the biggest companies reporting earnings this week and their year-to-date performance. Our platform makes earnings season a breeze. We give you the data, tools, and information you need to make the best possible decisions. In this post, we'll walk you through a few quick tips and tricks.
Earnings calendar
The earnings calendar is where you...
Many people think we are currently at the top of another major crash, but they are wrong! Do you think the Fed would give up this easily, I don't Think so. They know if they let it go down a few more %, there's no turning back. I'm expecting the market to hit a new high around September, then the crash will begin. For now, either hold or wait 2-3 months to...
I think the answer is both. The correlation-coefficient suggests that weak readings between the two metals during clear simultaneous uptrends signal continued strength for both metals.
Thus, my strategy is to buy physical bars of each metal, at a one-to-one ratio. The two metals serve different purposes, but they are continuously increasing in value because their...
1. Anything can happen.
Why? Because there are always unknown forces operating in every market at every moment , it takes only one trader somewhere in the world to negate the positive outcome of your edge. That's all: only one. Regardless of how much time, effort, or money you've invested in your analysis, from the market's perspective there are no exceptions...
"Inflation is always and everywhere a monetary phenomen", MIlton Friedman said in 1975.
Inflation is the long-bond investor's worst enemy because the principal of the bond is fixed, causing investors to demand higher yields (higher coupon payments) when inflation is high.
If inflation is coming, long-dated bond yields will RISE, which is the same to say that...
