Price has bounced off the 26 day avg line showing us the support is still valid and safe for entry. Patiences is the virtue of trading. Trading analysts, not financial advice.
Looking to enter NZD/JPY longs when price entered a region of support at 72.440. Looking for a target take profit at the top of the downtrend channel. High risk trade due to the underlying downtrend, but rather good Risk to Rewards trade.
Technical Analysis and Outlook The Bitcoin currently is in the steady to higher trend heading towards Inner Coin Rally $6590 and Outer Coin Rally $6760 - there are no resistance levels. On the downside, we have stable Mean Sup founded at $5690 , along with Key Sup at $4916 located significantly lower- primary uptrend rally setup.
Theory is that each box jump/drop requires the same amount of time, and thus GS looks poised to spend some time bouncing between 205 and 220. Idea negated if 205 zone is lost. Target: 220
Financial sector is one of the largest components of S&P 500. On Friday it retested its important resistance and ended up as a doji candle. If it starts the pullback to the mean, which is confluence with 20 EMA then it will drag the index down as well. Watch financials to confirm your ideas about SPY trading. 04/06/2019
The Financial Times reported that the United States and China settled most of the issues that prevented the conclusion of an agreement. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce, said: “The deal was agreed on by 90%.” So the end of the trade wars is getting closer. Such news is extremely positively...
XLF is an ETF that tracks the financial sector - one of the largest sectors in S&P. The chart reflects a strong rejection from a major HVN (high value node) as well as the level where the downside conviction had started back in December 2018. The price has closed right at the edge of the large value area. Usually, a bounce is expected. If the level gets accepted...
Watching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.
Technical Analysis and Outlook The main downtrend was completed on March 7, and a new Main Down Trend Path is marked at 1.1038 . As the currency has broken out of the tight trading zone (See Euro Chart Analysis March 7) made take-out all designated vital take profit and/or initiating buying - Mean Sup 1.1260 , Key Sup 1.1218 along with completed Inner...
Technical Analysis and Outlook The SPX index is continuously moving steadily to higher towards our inner Index Rally 2840 , while a weak standing Key Res 2814 is prone to be retested in the next day or so, while next inner Index Rally showed up at 2880. On the downside, there is a newly created intermediate Mean Sup 2775 , established Mean Sup 2747 and ...
Technical Analysis and Outlook Despite the Bitcoin dead-cat-rebound over the weekend the short/term upward move has unfolded by retesting our completed Outer Coin Rally $4161 . The firm Key Res $4105 is in place, while on the downside we have fresh weak Mean Sup founded at $3730 , along with Key Sup's at $3560, $3360 and $3191 respectively. (For more Market...
Technical Analysis and Outlook Despite the Bitcoin, weakness, the short/term upward move has materialized by completing Inner Coin Rally $3948 ; however, traders and investors should continue to be cautious with the coin as the cryptocurrency might form a break-out move to attack the Outer Coin Rally $4161 - as of this posting the is no Trade Selector Signal...
Comparing US financials with the EU financials. Have DBK on the rader for a long position.
What can be said about gold and precious metals? Gold has always started out as sound money, followed by monetary expansion, devaluation, and eventual collapse. Take the Roman Empire for example, money started as solid gold coins which eventually expanded with a mixture of base metal, than became worthless. Remember when a quarter was silver, penny was copper,...
Financial stocks have been beaten into the dirt over the last several months, but have recently seen some relief. Many banks are largely overbought at this point and AMTD is no different while also hitting a resistance level. Placing short orders between $55 and $55.50 as we will see an initial gap up at open this morning. This stock could certainly continue to...
Financials have sputtered as of late, and this can be interpreted in two ways: Scenario 1: This is a bullish wedge and because of expected future interest rate hikes financials will break out and create new highs in the $32 -$35 range for the AMEX:XLF . Supporting this is the RSI hit lows previously seen on 3/22 and all the way back to the beginning of 2016....
GS is up 8% today following positive reports. Notice the resistance zone that is waiting for GS between 200 and 210
It is Christmas Eve and trading volume is thin... but XLK just crossed below the 200 weeks MA line. If it will close the week this way, it will be another bearish sign for U.S stocks.