From political instability to ineffectual QE, bullish news for the Euro is scant. We can look for more confirmation from Draghi to this effect soon to come.
As far as the technicals are concerned, we have a very strong bearish head and shoulders pattern forming on the weekly chart. There is massive resistance from above via the ichimoku cloud which will make a...
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Unfortunately for NFLX on the fundamentals side, they were ousted from Indonesia, which was a prime target for their international expansion endeavors, due to a failure to fulfill their censorship standards. Unfortunately for them, this simply adds to the list of bearish technical indicators despite 'buy' ratings from numerous sources.
First, note the bearish...
When Apple was using the Power PC line of processors in their computers, I was extremely skeptical of them. Their operating systems prior to OS X were abysmal. They crashed all the time, and the availability of software for anything I wanted to do was scant. Then they started rolling out Intel processors, and updated OS, and a slew of performance upgrades and I...
THE MAIN AREA WE ARE FOCUSING ON IS THE RED CIRCLE AREA, COULD BE BEFORE COULD BE AFTER
-ABC AND D STRUCTURE POTENTIALLY IN PLAY
-THIS LINES UP PERFECTLY WITH MAJOR MONTHLY SUPPORT
-FIB 0.618 RETRACEMENT
-TARGETS WILL BE FIB LEVELS
There seems to be no shortage of bearish news on Crude oil lately. In fact, today's 'dark cloud cover' candlestick pattern is a bearish rejection of the level formed by Friday's close proves the little rally we saw on 2015-01-22 was merely just a short covering frenzy.
Almost all the technicals indicate we are in a solid downtrend. The Aroon indicator is still...
Solid run by this pair today , looks overextended but still being propped up by oil , there are some levels around 118.20-118.70 that should hold & a short back down looks good . Could poke higher and mess up some stops
Target 1 - 117.80
Target 2 - 117.50
The China crisis has the world's markets in panic mode. Stocks had the worst first week in history. Currencies are tumultuous and volatile. Its difficult to endorse the Euro for anything more than short term swing trades at best due to their own problems. Commodity currencies are sure to tank, and stocks are too volatile lately in my opinion.
One good idea...
With the China crash still fresh on everyone's minds its time to ask if the Renminbi has bottomed out or if there is still room to crash. Based on the link attached, there seems to be the potential for a lot more bad debt that China is trying to avoid confronting, and probably couldn't even account for if they tried.
On the technical side, note the massive...
Following logic from my linked post on Commodity Currencies such as the AUD, we can expect attention on the Euro as a safeguard. In fact, EURUSD is picking up as I write this post. At this point, I'd wait for a dip entering a trade, as a brief retracement is inevitable. However the MACD indicates a bullish turn, the OBV is showing increased bullish pressure and...
As we all know by now, the Chinese markets were only open 14 minutes before a crushing 7% loss tripped safeguards. Recently, news came out to the effect that we can expect a further devaluation of their currency. This will hurt commodity currencies like AUD. In fact, its slipping as I'm writing this.
My short position is bolstered by massive pressure from...
A variety of technical indicators coupled with the Fed's recent rate rise may suggest a bearish outlook on the S&P 500. Note the gap up on 12/15 only to be followed by a gap down two days later, from which SPY was never able to recover. We also see tremendous pressure from above via the Ichimoku Cloud, but lots of room to fall from below.
The MACD/RSI combo...