Reasons for
-We are clearly down trending
-We have broke key trend line
-We have had a retest and has rejected
-We have also broke previous Low
Also on the daily we closed and broke the trend line
Alot of momentum to the downside
Reasons for
-Firstly we have broken key trend line
-We have had an area of consolidation
-And now we are getting a impulse move to the downside
-We also broke constructive structure !
-So selling the impulse to the downside would be a good idea !
-Previous four hour candle was a engulfing that took out Almost a day worth of Price action !
-Altho this is a...
Reasons for
-Firstly we broke a key bearish trend line not to long ago
-As we can see from the MacD we have been making high swings as well confirmed with Price action
-This helps me believe that we will continue to see bullish momentum
-We Bounced of key level of support at 125
-We got a perfect swing point after the bounce on 125
-Also perfect bullish...
AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now.
We are looking at this as follows:
Pullback to value, get long on good technical signal.
Despite my overall bearish outlook on stocks, Gilead Sciences stands out as the 'Little Engine that Could' in the sense that it keeps chugging along despite being battered by the broader index just after earnings came out late January. On the fundamental side, most analysts think it's way underweight citing that it should be worth as much as 66% more as per the...
Data from the U.S. has improved by the barest of margins. The New York Fed Consumer Survey finds inflation expectations rising (by less than 1%) above expectations, and the ECB rate cut means lots of free cash to play with. Keep in mind we have the FOMC meeting coming up and their decisions will determine the direction of the markets for the near term. ...
So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut
What am i expecting ?
Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market.
After heavy research into the Fundamental side...
Ichimoku, MacD, ANN strategy
previous structure (support/resist)
Fib
Fib lines up with previous structure to make TP
ANN says buy (ANN is strategy based on double hullMA)
Gold has formed a reversal candle at the top of a downward channel with Friday's close. The divergence on MACD is getting more pronounced as indicated by the pink lines. Looking at a price target of about 1130 - 1150 to coincide with both 200 day Moving Average as well as Fibonacci Retracement 61.8% level. Since 2013, prices has fallen on average 9-11% from the...
As of March 3rd, Gilead earned a 'buy' rating from Citigroup as verified by the link. It is true that GILD should have performed better after earnings as has been historically demonstrated, but it took a beating with the overall index but failed to share in the rebound. Personally, I think this is a good thing, for you'll note from my previous post here ...
There's been a massive short covering rally of near historic proportions in oil recently. As the OPEC circus continues to 'cry wolf' regarding freezing production, the market, once overwhelmingly short on the commodity, takes the opportunity to cash out some of its short positions.
There is really no fundamental reason for oil to rally so hard as the attached...
Slight Divergence observed on Daily chart. Gold looking overbought, trading near downward channel from 2013. Should be seeing some unwinding of long positions on XAU in the next few weeks. Looking for at least a 9% drop back down to 200Day MA.
This is a long term historic analysis of SPX showing the length of the bull market and its following decline. The MACD in this case is quite acurate to identify this long term tops. Following that we are already now on a long term bear market and the last top was around februrary 2015. It is not clear how long is it going to take to fully retrace as we did on the...
With the tsunami of data this week, it was really hard to sieve out anything stellar. At best, we had employment data that was above expectation on Wednesday, as well as a moderately improved ISM manufacturing index. PMI and Factory Orders left much to be desired. Central Bankers all over the world are scratching their heads and trying in futility to save face...
Bullish MACD and RSI divergence may have fueled the resent surge from $25-$37 in Criteo's price. However, the price has formed a nice bull flag and likely will continue to rise. I expect a test in the $44-$42 range.
