These days market is really unpredictable for the small movement (intraday) so pay attention to what you do. We'll keep buying again from $95 area to our target since we see it as a strong possible uptrend to setted target. DO: your homework, based on your account size/R/R/etc. DON'T: Take our trades as advices to invest in the markets.
USDJPY broke below major support by closing under 118.40, a level that supported the uptrend on a closing basis for over a year. Not Including the late-August whipsaw low of 116.18, this creates a sequence of lower highs and lower lows. USDJPY’s multi-year uptrend is ending. The current trend is increasingly likely to bounce, and we recommend selling strength. We...
We normally don't publish equity ideas but this chart is worth noting as it directly relates to the U.S. economy. The Dow Jones Industrial Average and the Dow Jones Transportation Average are highly correlated for many reasons as you can imagine. A quick look at the chart and you will see the current divergence in that correlation. Simple said, if an economy is...
The chart above shows assorted real estate stocks, they aren't cherry picked and were random (except RAIT Financial), but you can see the trend. Get the hell out of real estate. Seriously if you have any real estate or RAIT stocks it is a great time to sell. This housing market has gone nuts from the years of 0%. Rental vacancy rates are at a 30 year low and...
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...
Risky to buy LIC Housing Finance at this time. Fibonacci clusters of resistance are appearing at the tip of the price travel. We need to watch the levels of 506/508 carefully before buying this stock. If it fails at any of these levels, we can expect a C wave to 380 levels.
Short term targets on the downside, however key levels based on the Monthly chart 1.2000 looks ideal. I believe price would reach 1.100 levels. If the trend line is breached then we can see further downside targets 1.0500 then lower. However, once my short term target of 1.10500 is met I would be then waiting for PA confirmation for the long set up to 1.200.
Looking at the pair, it pushed down to a key support level of 89.361. Traders rejected going down below those prices and the bullish momentum built up to take the pair to the resistance level at 92.309 (0.382 fib). Prices then fell to reject the support of 91.177 (0.236 fib) and break the pivot or previous high @ 92.357 to push towards the 93.101 near the 93.223...
- Euro area pick up has stalled on the second quarter of this year as three of its biggest economies failed to grow. Consumer prices still fail to grow to meet the ECB's target rate, Ukraine is still at risk of increasing political unrest due to the Crimea crisis. Economic sanctions imposed by European countries on Russia and blocked trade agreements between...