EURUSD advances more than the DXY in its respectful movements and tests.
Up trend (Wave 1) started with the Asian market open, followed by a "Deep" A-B-C retracement forming a Double bottom. Expecting the up trend to resume during the US session today.
Although the Major World Indices have also contributed to the rise of the S&P 500, it is seen that precious metals have been traded at a discount rate compared to the S&P 500 index in the last 14 weeks. Palladium and Copper caught the Index on this rise. But Gold, Silver, Iron Ore and Platinum are traded at a very discount. 14 weeks is a serious period of time and...
Perfect resistance line, the NIK225 has already been stopped twice in the above resistance line and it seems that this time it will also fail to break. The Stochastic in Overbought, and has the same model as it had in the previous 2 times. The trend is an uptrend but following the data we mentioned above, we recommend sell Target: 22000
completed harmonic bearish gartley pattern on nikkei. entry based on a strong resistance. Entry - 24100 Stop - 25100 T1 - 22800 T2 - 21600
We're in the week that traditionally Santa's rally begins. Sales of tax losses usually end after the 15th of this month, so the coast is clear. At the same time, no one has forgotten the slaughter in the stock markets, which began at the same time last year. Well, do you believe in Santa and his rally in 2019? Yes, I was an obedient child during the year and I...
Strategically the support resistance levels in S&P 500, the channel entered the index, and here we can observe the distributional sell signal from last week for this week (current bar). Do not forget to read the notes in the presentation. In summary, this week has been affected by distributional sales and I think it will continue until the closing. We have been...
The DAX 30 index surged to the highest since January 2018 on Friday following the US-China trade deal. But the index has come-off sharply from there. DAX is likely to trade sideways after the German Manufacturing PMI missed the estimates. Services PMI rose to 52.0, up from 51.7, matched expectations. The nearest support bellow is H4 50 SMA and the middle line of...
It was risk-on mood after yesterday Trump teased traders with hope of a US-China trade deal by tweeting “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” If the both sides can’t reach an agreement within the next few days, additional tariffs will be imposed on imported Chinese goods on Sunday, December 15th. If a deal is reached before...
Dollar index has broken below a key horizontal support 97.0 It is a very important clue to consider analyzing the market. I believe that next week we may expect further bearish continuation. the next key level for the greenback will be 96.
The DAX30 index currently faces a challenging resistance area at 13,190. The index is holding the rebound from the 23.6% Fibonacci retracement of the October 4 low (13,879) to November 19 high (13,338.25) rally at 12,970. The 55-day moving average has risen to 12,827. Yet the positive slope in the 55-day SMA that increases distance above the 200-day EMA suggests...
Wall Street reversed its three-day sell-off overnight on renewed US-China trade hopes as investors piled back into the global recovery trade. We think that the market probably goes higher, reaching towards the $ 3,200 level based upon the bullish triangle on the daily chart. Overall, this is a time year the typically works out well for stock markets anyway, as...
hey traders, dollar index is close to a major trendline . this trendline matches perfectly with horizontal support. I believe that we can expect a bullish reaction from the underlined area. Target levels are: 97.8 98.4
hey traders, dollar index is close to a major trendline. this trendline matches perfectly with horizontal support. I believe that we can expect a bullish reaction from the underlined area. Target levels are: 97.8 98.4
The American S&P 500 returned to the region above 3100. Recently the index testing the upper limit of the daily Bollinger Bands, which is also near to the bullish channel resistance line. That's why we may looking to short this market rather we would like to see a buying opportunity underneath. The 50-day SMA is currently trading around the 3030 level, which is...
It didn’t take long for the major indices to get back to all-time highs, as they began this shortened holiday week with a solid rally on hopes for a trade deal. The prospect of renewed economic growth and favorable monetary policy have also played some roles for the rally. Overnight, DOW rose 0.68%, but lagged comparing it with S&P 500 and NASDAQ. Obviously, the...
No sentiment offered this time. Simply sharing interesting information surrounding market’s channel since 2008, recent wedge, and volume indicator’s similarity to March 2000.
In this video update, we take a look at the USD and how the recent weakness is affecting other markets. We also talk of using the strategy more recently on the Dow Jones and how it would have played out in your trading.