NIO is one of my favorite EV plays as the sector took a big hit in the beginning of march. NIO has a advantages in China compared to its competitors.
NIO says that the worldwide chip shortage is going to effect production in Q2 and that they’ll make fewer vehicles. However earnings overall were okay and balance sheet healthy. Deliveries dropped a bit in...
Dear traders!
USD and CHF are said to be some of the bests safe-haven assets, that retain value over downturn or "bad" news. Here is my idea on the USD/CHF pair over the coming period of time.
Technical analysis:
As we can see USD/CHF pair has been in a downtrend for a long time with more consolidated movement over the last periods. However, since mid-March,...
We have a higher chance of continuing lower with the bearish momentum on the $.
Though we have seen a nice rejection of this support and the momentum has slowed down.
Whether we see a continuation of the current trend or we break the trendline and go higher.
The fundamentals this month should aid this move whichever way it goes.
Interesting times...
fandumental :
Since the beginning of the Corona pandemic, the dollar index has been in a bearish channel and has returned to its support level 3 years ago.
With the formation of Biden's democratic government and the Democrats' monetary policies and their use of economic pyramids, we expect the dollar index to rise.
technical: In daily timeframe, we see the...
Gold has had a great start to the year after enduring a difficult final few months of 2020.
The yellow metal smashed through $1,900 and hasn't looked back, seeing some resistance around $1,950 but not pulling back in any significant way.
The backdrop of a softer dollar is continuing to be supportive for gold, although that could be tested in the coming days...
Hello traders, there are an long opportunities I have here. Look on the lower timeframe and you will see an bullish engulfing that had been retested. Thanks for reading ! Enjoy!
NYSE:RGR tends to perform well in the presence of social unrest and in the face of regulatory restrictions on firearms (reflect upon the Obama years etc). The mainstream narrative of a landslide Biden victory with no election fraud seems to contradict the story playing out in the price action of $RGR. If confidence exists in a Biden victory, traders simply aren't...
During the begginning of the year there was some home for the dollar. it seemed as if we were within reach of making our most competitive currencies such as the British Pound, the Euro, The Franc, and The Canadian Dollar about as close as 1-to-1 as possible. Well Today, I think those dreams are farther than what they could've been. What's the reasoning for the...
Good morning traders..
So i decided to go into slightly more detail on how i look at my charts.
Hope it gives you an understanding of how I look at the markets.
If you have any questions feel free to ask away!
Cheers :D
S&P 500 Index (SPX) (November 18th 2020 through November 2021)
Low: 3010.3 points
High: 3876.6 - 3900 points
There could be some great buying opportunities ahead of us in the coming year, can't wait to see what 2021 brings us.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My...
NASDAQ:AAL has been moving between 11.30 and 14.13 since earlier this Summer. Election time is truly the moment of truth. With a second stimulus bill in the works the main question that remains is when? Higher lows on the CMF shows that initiative for buyers is clearly there, comparatively to other dips it has formed a similar pattern. The earning beat is...
The recent election fraud allegations made by President Donald Trump, and the amount of leaders from different nations holding themselves to congratulate President-Elect Joe Biden makes it pretty obvious that the political environment in the USA is going to get messy. Uncertainty at the highest level of power in the U.S. makes a lot of market participants...
The FED is projecting we need to write off this quarter as well with the surge of covid cases and at the same time, they are not contemplating an easing of Monetary Policy. Plus Biden is less likely to give stimulus to big businesses. Not only that Trump is most likely going to be dormant for the last 2 months of his presidency, so signs of stimulus seem bleak. ...
