Russian forces recklessly shelled a nuclear plant last week. This led to a sell-off over concerns that countries might take a step back from nuclear power. This turned out to be an emotional overreaction. The plant was completely safe, and only an administrative building was damaged. Uranium plays are now available at a relative discount. According to...
Weekly Time-frame Weekend dump in. Greed & Fear index is in Extreme Fear (22). We can expect more to the upside from this Extreme Fear. Liquidations reach 242M for the long position which is significantly bullish. We might not expect much movement this weekend as stock markets are close. But we would most likely see pumping in the coming days ahead. 1D...
Weekly Time-frame We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon. 1D Time-frame EMA 144 and 233 was a strong resistance level, we...
Monthly Time-frame Bullish Harami Printed!!! Breakout to the upside is in play! Higher low is printed confirmed! Watch out for confirmed bulls back in the ball game. Russian sanction on Swift Banking was Bullish for Bitcoin as Russians transferred their funds to Cryptocurrency. Weekly Time-frame Bullish week, double bottom, Relative Strength Index...
This is what I'm waiting for with the Ruble. I expect a quick sell off and then follow the pitchfork up as sanctions take hold. Unfortunately there's always a large spread on USDRUB so you have to be quite liberal with your stop loss. I could ride the roller coaster on this for a month and probably make a lot of money or just buy now and hold long term. What do...
The bearish impulsive wave that started in October 2019 is still underway. Price should be making a short-term rally and longterm decline until the structure is completed. Note: I will be looking to short from the blue zone. Check Related Idea for previous analysis.
In today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal...
The 3 horizontal lines visible in the main weekly chart of WTI are concrete support and resistance levels taken from monthly TF. Currently the price is at 60.00 and there is a descending trendline preventing the price from climbing further. From a technical perspective, once this trendline breaks, the price on the monthly charts must close above 63.00 concrete...
"The Washington Post came out with a news report on early Monday saying that the US State Department is set to announce that all countries will have to completely end their imports of Iranian oil or be subject to U.S. sanctions. The report further states that the US action is an escalation of the Trump administration’s “maximum pressure” campaign, which seeks to...
imgur.com Bitcoin is grossly undervalued. Looking at the price trend in a LOG format gives more of a realistic view of how Bitcoin price action works. And $100,000 is an inevitability in due time. Currently, the U.S. controls global monetary flow. Through its virtual monopolization of FED Wire and SWIFT, U.S. can bankrupt weak countries at will by placing...
There will be no miracle. Less revenues from falling oil market will drag the index lower as it should be around 800 already and could hit 530 when the oil would retest a multi-year low. The correlation index for the past 12 months shows negative correlation but it is a temporary situation as on the longer periods (20+ months) it is positive. This will change...
The rouble has seen weakness since the recent Syria debacle, and this weakness looks to continue longterm as shown below. But as for now, here is a shorter term outlook with a great risk/reward ratio trade. Below is a rough longterm forecast/scenario:
Two scenarios out of the triangle. No response to the sanctions and the statement of the President of the ECB favors line-up.
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....