October turned out to be an extremely successful month for the US stock market. The past week played a significant role in this. The main events of the week were meetings of a number of key central banks (ECB, Japan and Canada), as well as the publication of data on US GDP for the first quarter (first reading). Against the background of low inflation, the Bank of...
After a notable roller coaster ride, the crypto space currently seems to have relaxed a bit. Most of the assets are currently accumulating after slightly pulling back from the higher positions. While Bitcoin, Ethereum ranged high and consolidating, Cardano appears to have inculcated a reverse trend. And hence raising the clouds of suspicion over the ADA price...
We noticed in the previous period a wave of instability in gold prices and the movement in a transverse range between the levels of 1810 and 1780, before deciding to buy or sell, we must wait for the breach of one of the trends shown in the graphic. Either to break the downtrend and complete the uptrend until 1920 or to break the uptrend and drop to 1680 levels.
Yesterday may seem rather strange in terms of the dynamics of prices in the US stock market, although in fact everything was quite logical in light of the events that took place. The two main events of Thursday - the publication of data on US GDP and the announcement of the results of the ECB meeting - seem to have little to do with each other, but in fact it was...
Price broke outside of the previous highs after the ECB Interest rate decision. That suggests another rise on EURUSD. It will be heading up to 1,1750. The important levels to watch out for are below previous low at 1,1580. We won't take part in this move as it is not confirmed from the higher timeframes and we also have other trading opportunities on the EUR...
The reporting season continues to beat analysts' forecasts with ease. About 40% of S&P 500 companies have already reported earnings. 83% of them exceeded earnings expectations and 79% exceeded earnings forecasts. It would seem that the golden age and shopping is the only reasonable course of action. But not everything is so simple. Will companies be able to...
Today, we are expecting the ECB Interest rate decision. We shouldn't see any new numbers, but there's always a market reaction regardless. The expectations and the direction remains the same and there's no changes since our analysis from yesterday A breakout below 1,1580 will confirm the downside move and it will allow us to add to our positions
Hello everyone. Days ago, I published idea titled 'Will BABA terminate the downtrend line this time?' I listed reasons why BABA got my attention as below: 1. abcd completion with a continuation measured move failure indicated that sellers might be exhausted . 2. Strong bullish engulf candle formation plus gap-up candle created today indicated the third try of...
The markets continue to behave as if there will always be a lot of cheap money, which means that you can buy at absolutely any price: tomorrow there will be someone who will buy at even higher prices. We already wrote yesterday that for a dollar of Tesla assets in the US stock market, they are now ready to give more than $ 40. Actually, a clear illustration of...
According To My Last Analysis GBPUSD it fall on support line and now its time to make new high. We open long position as soon as we get confirmation. You can see my last analysis on GBPUSD I drop link. If you agree then please hit like and support me. Mention your idea on comments :)
NIO do some correction before making new high I think it came to support and then bounce back and broke the resistance . If you agree then like idea and support me. Mention your thought on NIO in comments :)
Its look like it trapped between support /resistances and don't know where to go .We need to wait until it broke support or resistance . If you agree then like and support me. Mention you idea on comments :)
Palantir going up very soon as it broke that triangle. We see a major up trend target is 31. If you agree then like idea and support me. Mention you idea on Comments :)
USDJPY still inside support and resistance trap. We need to wait for confirmation then we can open new trade. If you agree then like idea and support me. Mention your thought on comments :)
GBP JUST MAKE THE NEW HIGH OF THIS 2020 , WHAT HAPPEN NEXT MAKE NEW HIGH OR SELL ? I THINK IT COME DOWN LITTLE FOR SOME CORRECTION AND GO BACK ON HIS UP TREND. THATS MY OPINION WHAT YOUR'S COMMENT DOWN AND SHARE YOUR VIEW WITH US.
The week started for the US stock market for the 9th day of growth in a row. A surprisingly impressive series considering the heap of problems that now surrounds the global economy. Apparently, everyone wants to have time to buy before the publication of the reports of the FAAMG group. As a reminder, all key US tech companies are reporting this week. Facebook...
EURUSD broke that ascending channel and create a new downtrend and it still continue by broking support (1.21700). Now I think it can test our second support (1.20500) and bounce back towards up. If our support(1.20500) denial then it move towards second strong support (1.19600) which previous act as a strong resistance and consolidate there before making new...