Entry: with price above 364.63
Volume: with volume greater than 5.4M
Target: 382.41 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 364.64, 355.75 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
OANDA:XAUUSD Gold prices continued to move higher during the US session and stabilized around $1,960 on Friday. Benchmark 10-year US Treasury yields remain in negative territory below 4% following weak June PCE inflation data from the US, helping XAU/USD hold its ground.
Gold prices face pressure after a short-lived recovery approaching $1956.00 as US Dollar...
Share markets continued to press higher as they focus on the coming FOMC interest rate release. Concerns over the banking sector are on the back burner for now and expectations for no rate rise from the US Fed may now be baked into the price action. I expect to see the Fed Reserve raise rates by 25 basis points as they still have to battle higher inflation so we...
The USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index holds above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move...
The USDJPY is stuck between the 106.100 and 105.912 zones as price consolidates. We do not expect this action to last for too long as bulls and bears get on edge. The price could break either way but we are biased up for a continuation move to 106.500. Watching for a washout of 105.912 and then a higher low entry...
The ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We...
BAND has almost hit a 51 % correction form it previous highs, similar to the previous correction.
Seen as a swing-trade opportunity, do not expect to break the major resistance 0.00134xx anytime soon, so take profits in between.
The NASDAQ finally took some heat out of the action with a savage move down from the open yesterday. Price never looked back to continue lower into the close as sellers beat up the bulls. With all the negativity generated into major indexes, the trend up remains in tact for now. Until we see a break down through the 11400 area, expect to see the party...
The DOW could not push to new all time highs before some serious selling pressure stopped the music. The move down has some buyers concerned that we are about to take a beating but the trend up is still is tact. A move down through 27400 will change the tone dramatically and trigger another selloff but time will tell if new highs are still on the cards in the near...
The SP500 shocked some bears into action with the savage move down off the highs but is it time to panic or just a clean out of late longs positions before continuation higher? For me, price will need to break down through 3390 before we expect to see some shorting opportunities. For now, it is still trend up and happy days until proven...
The ASX200 is having a rough day as sellers beat up the bulls. Price has broken the uptrend but is holding above key support for now. A break down below 5850 and we may have a small problem but it will bring some volatility and good shorting opportunities.
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Bitcoin was been hit down lower after buyers could not push prices higher through 12230 and ended getting squeezed out of the action on the break below 11000. Price now needs to hold the longer term MA and build a base around current levels before convincing buyers to have another crack at a another run higher....
It seems that the ASX bulls are feeling left out as the US pushes to all time highs. Price is hovering just below the 6200 zone and continues to hold higher lows suggesting that a move up through the level is on the cards in the near term. If we see sellers start to get active up at current levels then watching for a lower high and move back down to clean out some...
6500 is being tested for the second time. While it is really early for a reversal, a short term pop to 7500 could be an interesting risk to reward with a stop loss at 6500.
If the second or third test falls just under 6500, then expect a dump and pay attention to where it bottoms out to clearly see what kind formation is coming.
Possible formations and...
We are about to "death cross" on the 200/50 daily.
Consider that previous "death cross" was never as severe, lasted from 4 and 9 months respectively.
The parabolic downtrend line is about to break, so we might see higher prices in the next 24 hours, before diving down again.
We should fully expect a drawn out "death cross" down trend to last 2-3 quarters at...
