Fundamentals & Sentiment AUD: Australia has beaten its neighbor in terms of robustness of the economy, with Services PMI and Avg Cash Earnings sustaining upward momentum best. Such economic performance also translated into better GDP QoQ growth paving the way for AUD to outperform NZD for the last 2 months and propelling the pair higher. It's also vividly...
Fundamentals & Sentiment EUR: Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that. NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the...
over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends higher in weekend price action. Can the price action reverse out of the pullback and retracement with bullish continuation? Relative strength has retreated but held at the 50 level. Consistent with consolidation, the volume fell off for the close of the trading week. I ...
Watch NVDA at this opening reversal zone. Potential to keep dipping to 417 on a market-open fakeout. I will add more insight later. But watch this play.
Today's focus: JPY AUDJPY GBPJPY Pattern – Fade Resistance holds Possible targets – AUDJPY 92.50/92.30 GBPJPY 173.39/172.95 Support – AUDJPY 92.30 GBPJPY 173.15 Resistance – AUDJPY 93.30 GBPJPY 174.20 Today’s update focuses on JPY strength, that we have seen picking up since yesterday’s US session. We have looked at the AUDJPY and GBPJPY in detail. Are we seeing...
On the 15-minute time frame, the price action is decidedly bearish over the past couple of days. Gauss filters downward. The Ichimoku resistance against a reversal is thick. Price has dropped more than 15% each day. The RSI indicator shows dismal strength and no signs of divergense to herald a reversal. I am in this as a short seup and have profited well...
Placed an sell stop order for today as we could possibly get another decline in the market The USD is looking to the weaker side DISCLAIMER: THIS IS NOT FINANCIAL ADVISE, JUST PERSONAL OPINION
Intuit Short Term - We look to Sell at 478.00 (stop at 501.49) This stock reported earning in line with expectations and reported a share buyback which led to a jump in shares premarket. We look to fade this brief rally.480.00 continues to hold back the bulls. Early optimism is likely to lead to gains although extended attempts higher are expected to fail....
I'd still remain short on German Equity Right now currently testing support of trendline after gap up, last time this happened we saw the failed gap up turn into more downside. Holding dated puts on this name already for the past couple weeks.
Initial trade set up stopped out but my bias is still short. New entry and target presented.
Technical View for AUDUSD - As long as we stay above 21 EMA Bulls are firmly in control, candle close above TL down. Pattern: Double bottom - TP area near 200EMA Disclaimer: Not Financial Advice
Short this pair based on lower high and the trendline. Simple fade short trade down to make a new low. Today's candle must close bearish for it to be a goer.
Norwegian cruise line is likely, to trade into the upper $21.40 (Bare minimum) up to $23.90. Current prices are showing nice long entries to the upside. GLGT.
Looking for a short term profit on a retracement to the trendline. Today it failed to break and close above the Aug 2013 Highs and there are signs of a retracement starting to play out since it: 1) Failed to break the resistance 2) Reversed from the daily highs forming a shooting start Looking to hold the trade for a few days. If tomorrow (June 26th) continues...
Hello everyone CRM releasing earnings beats expectations but disappointments regarding the guidance could lead to a fade. Price got to 157sh, 100sMA area and 154sh, 20eMA area in after-hours session. There is a beautiful bullish wedge holding nicely on 13eMA 10min that is waiting to pop. Curious to see how today's after-hours session will close. For tomorrow...
A potential double top fade setup around 6650. Looking for weakness around that area to trigger a sell.
Perfect n°6 pattern. This stock is up beacause the marijuana sector is getting hotter again since its going to be legalized in canada and maybe even in usa but this will affect the stock price in future: as for now the psychology and the patterns beat the news/rumor (maybe we'll have a V price ation similar to that we had at the end of december and at beginning of...
Good evening, After a tremendous run, the CAD/CHF currency pair is showing some notable technical reversal signs. With both the MACD and RSI turning over compounded with the fact that the euro trade is getting incredibly crowded, this is looking like a great time to get short. Thoughts?