We have changed our view from short to neutral on the Dax as the index has consolidated back above key support at around 13,000. However, with equities losing steam after their recovery from March lows, a correction in particular due to the impact of a second wave of the coronavirus could see a significant drop in prices. Therefore we hold a neutral view whilst...
NYSE:SPCE : Ownership: I own some far-out options for (+3 15JAN2021 20/40C) Details: REALLY slowed down on us. News doesn't seem to be moving it much. ATR has fallen all the way to 1.02. I still feel good buying $20 leap Calls, but nothing short term.
As shown in the chart Tesla has formed another short term uptrend channel. However, TSLA is testing resistance after trying to breakout from the long term resistance once again. The last time TSLA tested this same long term support it failed, and this tells me there is really strong selling pressure upwards of 400. Its facing double support at its current price...
After a choppy few recent trading sessions and no major announcements from the FOMC today we changed our view from long to neutral view on EURUSD. This is in particular as the currency pair has consolidated below support at 1.18185. We will await key data releases over the next of days including core EUR inflation YOY tomorow for any significant price action.
We still have a neutral view on AUDUSD pre FOMC despite a bounce in the currency pair partly due to strong Chinese economic data releases today. A less dovish FOMC could lead to a drop in AUDUSD especially in conjunction with inflation and retail sales data beating expectations.
Good Day Traders! By now you have probably realized that EurUsd has been trading within channel for the past few weeks. At present price is retesting the bottom of the channel along with previous support. Many Buyers will be looking at this as an opportunity especially since it is near the 200 simple moving average. However, i am not convinced that the price of...
Bitcoin has fallen below key support at $10587 as well as the psychological $10,000 level and we have therefore changed our view to neutral. This could be just due to the Bitcoin market like equity markets running out of steam as investors move away from risky assets. However, the 50 day MA still being above the 100 and 200 day MA could see the cryptocurrency...
I see a lot of people on TradingView bullish on this pair. I'm not sure why because when I analyze the pair, I'm seeing a neutral position until there is a confirmation of a breakout or breakdown (with retest). I think price can go either way but not sure why some are very bullish. Am I missing something? Anyways, for me I'm on the sidelines with a wait and see...
AUD/USD is in a channel grinding up to an important breakout area. Waiting for breakout or breakdown areas (as noted in chart). For now, I recommend a wait and see approach (sidelines). The monthly view of this pair is very bullish
Hello, Traders! We have BCH divided into two areas, the bullish and the bearish zone. The bullish Area is the price above the long-term resistance line and the key level. The bearish area is the actual scenario, the price below the key level, and the long term resistance line. Please push the like button Best regards. Sandro and Gustavo.
USDJPY is stuck once again in the range between 105.35 and 106.67 and we await further price action before being able to take a directional view. However, we do expect the medium term USDJPY downtrend to continue due to ongoing dollar weakness and an eventual pullback in equity markets.
There is still good resistance and move before price reached it was without good consolidations. In my point of view, short would be better, as soon trend line on M15 will broke down.
We still hold a neutral view on AUDUSD before the RBA meeting on Tuesday despite it's continued uptrend since March lows. We would want further indications of RBA monetary policy and await the release of AUD GDP growth rate data on Wednesday before taking a directional view on the currency pair.
Potential Short underneath $75 if it were to break below. Otherwise trade range between $75 and $102 Not trading advice. Goodluck.
4hr Time Frame: Reading our price chart above we can see that AUDJPY is forming a head and shoulders formation as it is now testing the neckline at 75.750 key quarterly psychological support with a double bottom formation. Looking to the past we can see that this zone has been respected multiple times. If price manages to hold above, then look to buy this back...
THIS VIDEO IS COMPLETELY FOR EDUCATIONAL PURPOSE ONLY. TAKE TRADE AT YOUR OWN RISK. SUPPORT: 11360/11340 RESISTANCE: 11420/11450