I am anticipating a strong move higher over the next 5-10 years.
Ideally I want to see us break clearly through this resistance but already it looks quite clear we have bottomed by looking at previous history.
We are bouncing from monthly demand imbalance and we are now running into local highs where we generally see some volatility/pullbacks but longer term I...
The dollar has recently broken out against a variety of EMFX crosses. Interestingly, the picture is not the same in the G10 space. With the 10Y yield breaking higher, the narrative is that foreign investors are suddenly attracted to US yield and the dollar receives a bid as a result. We believe it is simply due to rapid growth and inflation expectations changing...
I believe that LATAM Airlines is a great buy here. It has been showing some upward momentum lately and is poised to make gains as the entire Airline industry recovers. If you want to buy value this is it! My first target is roughly $8.00
This microcap mining ETF is clearly on fire. I'm late to the party but I think I'm getting in. Most of its big holdings are small miners that are on foreign exchanges. It's a good time to be in gold anyhow.
This is a Bullish indicator signaling AADR's price could rise from here. Traders may explore going long the stock or buying call options. I identified 56 similar cases where AADR's MACD histogram became positive, and 45 of them led to successful outcomes. Odds of Success: 80%.
I already made a small joke about this head and shoulders looking more like a triple head in my previous analysis, and even though it did not play out very cleanly, we can see the right shoulder has been completed. The top ($1722) was slightly lower than you might have expected ($1740), but we are seeing a new downtrend starting now.
I expect the price to follow...
Today we had a big rise in EURJPY.
I am now waiting to see if we will down at the following levels:
Around these levels I will sell if the price reverses.
Thoughts and Feedback appreciated
Happy Trading :)
EUR/USD just broke a solid support line, this is indication of a sell.
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Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%.
(...just in time for booking a driving and safari holiday!)
USDRUB POTENTIAL LONG
OK SO I USUALLY DON'T TRADE THIS PAIR BUT I WANTED TO THROW A COUPLE EXOTIC PAIRS INTO MY ANALYSIS FOR THIS WEEK. OK SO IF YOU TAKE A LOOK AT THIS PAIR YOU CAN SEE SOMETHING PRETTY SIGNIFICANT THAT JUST RECENTLY HAPPENED TO LEAD TO THIS ANALYSIS. IF YOU TAKE A LOOK JUST IN LAST COUPLE DAYS YOU CAN SEE A LARGE REJECTION TO THE DOWNSIDE AND...
USDCAD is showing signs of bullish continuation & we'll start looking for signs of a reversal around 1.3380 - 1.3350 region.
Overall we see this pair pulling back up towards 1.35000 region and possibly 1.36000 region.
GU is in a similar situation to NU where we’ll be waiting for a correction to the upside where price could potentially find resistance & show some type of bearish reversal around 1.3030 - 1.3100 resistance before taking shorts back down towards 1.2900 - 1.2800 support region.
AS YOU CAN SEE ON THIS CHART I MORE SPECIFICALLY PAINT OUT A PICTURE THAT THE MARKET IS SHOWING ME ITS STARTING TO FORM. YOU CAN SEE THAT THE BIG PICTURE IS A SELLER THAT CAUSED A VERY SIGNIFICANT DROP IN PRICE FOR MONTHS. PRICE HAS BEEN RECOVERING IN A PULLBACK LONGER THAN IT TOOK TO DROP! MARKET HAD DISPLAYED A PEAK IN THE PULLBACK BY BUYERS DYING...
USDCHF POTENTIAL SHORT OPPORTUNITY.
SO IT HAS BEEN AWHILE SINCE I HAVE MADE A POST ON HERE AND ITS FOR GOOD REASON. THERE HASN'T BEEN MANY GREAT LOOKING SWING SETUPS! I HAVE BEEN PRIMARILY SCALP TRADING THE NY SESSIONS IN THE MORNING CATCHING MY PIPS THAT WAY. AS I WAS DOING MY PRE-MARKET ANALYSIS THE MARKET HAD SHOWN ME A DECENT LOOKING OPPORTUNITY ON USDCHF...
GBPJPY POTENTIAL SHORT
When I had done my pre-market analysis this weekend I wasn't seeing anything that had showed me it could be a high probable trading setup. After watching some liquidity come into the market GBPJPY had caught my attention. GBPJPY is at structure highs on the 1D timeframe and has been showing strong signs of buyer exhaustion and seller...
EURUSD WATCH THIS PAIR
I wanted to make a post on this pair because EURUSD has been in an interesting spot lately, or I should say a few spots. The market was displaying to me that it was due to the fact that many different people had their outlooks on this pair therefore it led to indecisiveness in this currency pair. If you look at this daily time frame here...
EURGBP POTENTIAL LONG
So after battling myself for a little while I decided to make a post on this EURGBP currency pair. I was battling myself on this due to the fact that the EUR pairs aren't having any great correlation at the moment and the GBP pairs aren't totally decisive either, BUT the momentum on this trade was displaying to me a decent trading...