Liking the range bound w/possible breakout thru earnings.... fun times.
Starbucks MACD is primed for a rally. RSI indicator is sub-par but still cheap because the "rush rally" hasnt started yet. Support wedges and SMA's - along with some thorough fundamental analysis - says SBUX is going to take off in September. Suggestion: Be the early bird on SBUX
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.
Watch USDCHF for a break out of a forming wedge pattern. Our algorithm has not confirmed as it's calling for a period of consolidation on the 1H chart. Price action will ultimately determine which way we trade this pair unless the algorithm gives us an indication ahead of time. We would like to see prices at least 10 Pips above the top wedge line or 10 Pips...
Conducting Top down analysis I personally believe this pair would reach 0.8200-0.8250. However, we trade with strategies in place. First target being 0.8000 (Safety Target) However, if price breaks through the upward trendline and below senkou Span b then we would be looking short at levels 0.770-0.7550. The 200 Ema is acting as resistance on Monthly Weekly and...
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.
Believe price would reach 98.30 then 101.30 on release of the earnings. However, if price breaks support at 95.30 and the trend line; price would reach 92.00.
Price currently at key level in the market. If price breaks above 15.95 then it can reach 16.50, 17.35 then eventually 18.00. However, with the earnings decreasing by 0.02% could push price further down. If the trend line is breached then our first target would be 15.35 then lower to levels of 14.00. When each target is met we would look for further PA confirmation.
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...
As of 12/30/2014 @ 19:56 EST: We have identified EUR/AUD as a short candidate as this pair is starting to roll over on the daily chart. A look at the weekly will show a head and shoulders pattern developing with some downside bias, If you look further out to the monthly chart you will see the longer-term trend is to the downside. The Global Currency Scalper...
Our Unique Forex Algorithm is looking for USDCHF to resume it's 2 month rally if certain prices are broken. Please refer to the chart for more details.
- 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...