News shows Putin's party probably won parliamentary elections in Russia
The Russian MICEX index rallied from 200K at the bottom (March 2020) to over 400K (Sept 2021).
The index put in a small bearish shooting star last week.
Confirmation would be if it broke the rising uptrend connecting lows of past few months
After a massive uptrend ride, GE took a break during the past two months leaving a clear bullish pennant.
MACD its looking gorgeous right now.
- OPPENING POSITION: 13.5
- STOP LOSS: 12.75
- TAKE PROFIT: If we are thinking on a swing trade, 14.40 (+7.6%) would be a decent profit. But, I believe that its a great position for a long term. Lets check once we...
GBP pairs have stormed since the EUR and LON open, GBPJPY starting to bounce from 150.000 too. GBP zones so far seem to be holding well in general too.
Looking for a second support entry before getting involved, the rallies were too fast for our liking so early on in the week.
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...
Off the back of the resumed GBP strength, I feel we could see a break and close below our current support zone of 0.88300. Waiting for this closure is important, a clear break and close below followed by a subsequent retest and resisted price at 0.88400 could set us up for potential shorts.
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.
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.
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...
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!
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...