cad has been weak due to oil prices slump, audcad is forming a rising wedge in h4 and h1, and a divergence in momentum h4 so actually price is going up slower than before and possible bears can come in market. we need to wait for pattern on point d and then we can sell, this evening there will be australia interest rate decision so do not overtrade,you can place a...
DAX has been on an upward rally for the past few months and has now come to an end. With fundamentals and technical analysis we can clearly see where DAX is now headed, DAX last week managed to break an important level of support with the Trade War and now the Mexican tariffs being imposed by Trump, the market is now on a downtrend potential, with nothing...
Sometimes it's good to zoom out for perspective, given all the craziness in the market and media. We've had a wild ride on top of cheap money since the global collapse in 2008. That ride was beginning to stall until Trump's election and the exuberance (rational or irrational) that followed based on pro-big business policy expectations. This all came to a...
RSI : 30 Volume : Interestingly increasing specially after the Opera browser news. Accumulation Area : 340 sats - 370 sats Distribution Area : Target 1 : 383 sats Target 2 : 430 sats Target 3 : 468 sats Target 4 : 506 sats Target 5 : 560 sats Target 6 : 628 sats Stop Loss : 301 sats Note : This call is specially given because of the fundamental analysis...
Pure resistance & support + fundamentals. Last close was 1.27 -1.27100 then a sharp rejection at RES 1. Res 2 is marked as possibility, due to GBPUSD uncertainty. Fundamentally wise, GBP is under pressure and has uncertainty around it due to EUR vote (result Monday). Alongside this, May is under pressure and candidates (Boris) would force through Brexit causing...
Dear traders and investors, I was just reflecting a bit on this long term log chart for BTC; I often see this chart being passed around here and it has even made its way on to mainstream financial news outlets. Most people in the world of finance realize the power of ideas and expectations, especially potentially profitable ones. My question to this community is...
Theresa has lost too much support, brexit is hurting gbp, lets see how big this waterfall could be, Are you ready to jump?
Technical: 1.Ichimoku: Ichimoku giving a sell signal. 2.MACD: MACD is also giving a sell signal. 3.Currency Strength: NZD is much weaker than CAD Fundamental: Due to the trade war between China & US, Chinese currency is weakening, so is NZD.. Crude Oil price gaining strength, so is CAD. Trading Plan: I'll Open short position when market...
Valero Energy (VLO) has been on a clear uptrend the last 5 years. It has made a pullback to the 200ma which seems to be a clear support. Fundamentals are looking solid and to make it even better, Valero Energy has a dividend yield of more than 4%
Fundamental View : =================== 1. The precious metal lacked any firm directional bias on Tuesday, albeit continued showing some resilience below 200-hour SMA amid the prevailing risk-off environment. 2. Oscillators on hourly charts have been gaining positive traction and also recovered from the negative territory on the daily chart, supporting...
Higher prices have been rejected on the daily, 4 hour & hourly chart. Massive bearish engulfing candle on the daily and also on the 4 hour, due to trump having a major impact on the movement of the market we had a major rally up towards the top of the channel but as you can see the channel trend was still respected and because of that along with my multiple...
RBA big day and market had priced in a 51% probability for the rates to be kept on Hold and 49% probability for a rate cut. Finally the RBA kept interest rate unchanged and so the aussie dollar appreciated. Our trade idea is a pullback to the 50% Fib coinciding with a resistance and go short targeting next 15m support.
Bitcoin Halving Reward and Price History Analysis: Bitcoin Price Target $309,269 by Aug 2021 Interpretation: 1) The orange vertical lines are 1 year before the bitcoin halving. The next 1 year before the halving is May 2019. The bitcoin market usually starts a bull market 1 year before the halving. 2) The blue vertical lines are the bitcoin halving dates....
Here we can see the complete A and B Elliot waves. I suggest to wait for wave 3 and put a buy stop order above the wave A. In fundamentals we wait for good news from Great Britain, updates of macroeconomic indicagors. The most important one is trade balance. If it's lower, GBP will be stronger. Now we should just wait.
RBA big day and market had priced in a 51% probability for the rates to be kept on Hold and 49% probability for a rate cut. Finally the RBA kept interest rate unchanged and so the aussie dollar appreciated. Our trade idea is a pullback to the 50% Fib coinciding with a resistance and go short targeting next 15m support.
We have Monetary Policy Decision in New Zealand and the RBNZ lowered interest rates to 1.50% as expected from 1.75% (already priced in the market) and decision was unanimous. Governor Orr says "Looking ahead, the outlook looks more balanced than before the cut". This is more positive news than expected and taking into account large candle had reverted and ended...
The way up begun in ligh of us-china trade war. Right now we can see a small pullback. Buy after pullback and check my previous ideas. Good luck!
Righn now we can see a pennant pattern on EURUSD chart. It good suits for my previous idea. This continuing consolidation of the market is just a slow wave B. Look forward for some news both from the Eurozone and the United Startes. This week we wait for US-China trade talks this Thursday and Friday and measures to be taken after these talks.