We are seeing that the EUR/USD is finding some resistance at the 1.888 level and could come down to the 1.1637 level. There are 2 possible entry points : 1) At the 1.888 level 2) When price breaks through the trendline
S&P 500 Volatility Index (VIX) (October 26th through December 2nd 2020) Just making an update to a previous VIX forecast that I see going outside my last expected ranges, I felt it necessary when checking on SPX trends, especially with yesterday's start to a drop in E-mini futures. See below for previous guesses: Thanks for tuning in :) Disclaimer, I am not...
The US elections next week bring the market to a point where all we have to do is wait and of course, prepare our trading account for the crucial hours when it will be revealed who will lead the country in the next 4 years which are expected to be very difficult and challenging especially in the economic and social aspects. Technical analysis aspect We can...
Hi dear traders I hope you to have a powerful start and great week ! In this pair I believe in 0.5 Fibo support line. and also in the RSI i can find this area as a support area for this pair so im going to start a long one. + i found some divergence which is marked with red lines. Please comment and tell me if im wrong im trying to learn more and more. Good...
Struggling dollar going into a senior citizens election. Wants to test 93.24 and may possibly rebound to attempt a 94 bullish impulse but shall inevitably fall to 92.60. (can possibly fall lower to SUB 92) Early 4th qtr test
major weakness in dollar + weary US election uncertainty (runoff guaranteed) forming higher lows and failing to drop under major support 1840 (triple bottom here) next 2 weeks can be shaky bottom wick could form at 1898-92 upon market open* 1940-1970 demand zone to drive price higher looking to close above 1908 on MONDAY 10/27/2020 ******ALWAYS...
#NTPC NTPC Ltd. CMP: 86.25 Target: 95 SL: 80 If u like my work, kindly LIKE SHARE & FOLLOW for latest recommendations.
As forecast the market and volatility has been coiling all week and likely into next week too with the election the week after that, I exited 2 pairs trades and put on 1 new pairs trade, long $VGT vs short $FDN. Highly likely I won't enter any new trades next week and flatten the portfolio before next weekend. Jared
USDCAD - Technical and Fundamental View: Dollar Fundamentals view: - Either way there will be further stimulus I am longer term bearish on the Loonie. - We do have the elections, if Trump goes through and depending on takes over the senate as well is key there will be further reflation trades that will be very interesting to keep in mind and I expect energy...
-Contrary to What You're Beliefs are There Is One Notion That Will Always be Certain- A Reaction to Every Action Taken. Here USDCAD Stumbles back up to An interesting Point. Testing Dynamic Structure While also Testing Horizontal Structure for a Nice Squeeze setting the Direction for the Coming Days -MACD's are Still Favoring a Long; However, Trading While Solely...
ADAM AND EVE BOTTOMING STRUCTURE, WITH A GOLDEN CROSS CONFIRMED. JUST IN THE NICK OF TIME..
With the election coming up, it is hard to imagine any other scenario besides a blowout. Regardless of your own political beliefs, Democrats are outnumbering Republicans in early voting which is objectively a huge advantage. Democrats seem to be motivated on removing Trump, and it is showing with the surge in voter registrations and early votes cast. With that...
Did anyone notice that the Covid19 Crash of 2020 fell to the level where Trump was elected back in November 2016? I thought it would be interesting to use the "bars pattern" tool to copy the US Presidential Election Year price action of the $DJI Dow Jones Industrials and paste it to the end of 2019 to see how we are doing compared to the last 4 elections. I'll...
Retest of weekly key level and then shoot up. If Trump wins, USD will shoot up, if Biden wins.... well we are all fcked up :DD Good luck
Hey guys, we had a nice uptick in volatility today with the VIX climbing to 29.2, with that I put on 3 new pairs trades. Long $TJX / Short $LOW - Long $AVB / Short $IYR - Long $BOX / Short $DBX. I still have 3 other open pairs trades. Barring any unexpected event I think volatility could stay tame up until the election in 2 weeks then we could see some massive...
I'm not super excited about this week's setups for several reasons. The main reason, however, is that we are moving sideways and we are in between two major support and resistance levels. Usually, it's my opinion that traders should avoid sideways markets and wait for clarity and a high probability setup. I did try to point out some possible trades, but I think...
Hi trades, Watch your lower time frame for your sell setups. If the price will aggressively break to the upside this setup will become invalidated. So keep an eye on your lower time frame for sell setups. I do anticipate that the price will be keep falling until the 3rd of November - USA ELECTION. After the election we can anticipate a DXY Dollar index to rise.