We have a very interesting setup is forming in HSI. Now the hype of the CCP congress is over or "almost" over, so is the "buy on rumor, sell on news" come to play. I am expecting more bearishness on this index, it should go at least to 27600 level as nice decent retracement while 25740 as awesome ultimate TPs. Let's See and Trade Safe, s0nic
Did you follow our call for the AN pull back? We have an awesome run up on AUD/NZD and it was met with pretty serious pull back. Now a lot of late buyers are crashed. I suppose they are wiped clean for now. Since NZD rate decision is about to out, I am seeing AUDNZD shall ran up higher. Moreover, NZD political uncertainty is getting bigger. So, AUD rate rise...
I can’t help but see the nice potential short set up forming in EJ pairs. To validate the trade further, the price needs to break 132 level strong down. In term of fundamental, Euro isn’t that strong either. In order to play this set up out, there should be geopolitical event that bring buying frenzy on JPY. First tgt is 128.5x and the next will be 124.1. Trade...
48.7x region is respected as expected. Since the current move still in bull candle, that means the chance is going UP is stil higher. it can even go to as high as $52.7 region. I expected things to get harder, to go up higher as more and more sell pressure shall come in. So, please be careful, if the price starts to creep up $52.5 level. Trade Safe, s0nic...
There are 2 things that you need to take note. Medium term: It is in the awesome downtrend and likely to go down further. I can see it can swing down to 1.15 level. Immediate term: We are now the congestion support zone of 1.173x level. So, there may be some sort of bounce as well. So do not add short aggressively without considering any shortfall. It may even...
It seem like Nikkei has no stopping force at the moment and we are still seeing Bullish candle with momentum. It should stays on its bullish course toward 21,000 as long as 20,700 region holds. The only thing for the bull to watch out is the thinning of volume for the past 5 days. It shows the sell down can be around the corner too. Trade Safe, s0nic
This bad boy is still in melt uptrend for sure, but the recent Bear candle is getting more interesting. It shows the likelihood of bear forces at play. It caused a strong wick/pin on the daily candle. I am expecting a sell down (or) at least a pull back pretty soon. We will need a bad news/events to trigger. So. I am slightly Bearish right now. Trade Safe,...
I am Bearish. Now this pair is getting back to bear territory and it is likely to fall further. From fundamental point of view, I am seeing CHF will grow strong, thus this pair will be very much bear pressured. It is a matter of time 0.756 will be get broken strongly. Trade Safe, S0nic
This lil SGX counter is in Bull flag formation. It is doing it dirty deed to whip weak longs out. I am seeing possible bottom near 1.40 to 1.48 area. It shall go HIGHER thereafter. It is go to 2.3 to 2.40 region. Please keep in mind that it is O&G counter. That means the upside of it is pretty depend on Oil Price too. Trade Safe, s0nic
Now China's Golden holiday is over but we still have CCP congress, it is to start from 18 Oct. It is gonna be THE event of the year as china will be having their own version of game of thrones. All the Chinese markets shall go sideways (or) bullish mode for now. What I am interested is what comes after that. I am seeing that 11,800 level can be easily...
I am Slightly Bearish for now. Overall, we are still on the bear side and last Friday move causes a nice wick on the weekly candle. That shows the first sign of bulls are fighting back and it also proves that 1,260 regions is a strong support. The slide of USD may be ending soon and it is unlikely for gold to go below 1,240 We have FOMC on late...
This is one of the typical example, when you enter a trade on the pairs that both sides are either strong (or) weak, which there is no edge over each other. For this particular pair, both AUD and CAD are weak. It is almost a draw. Almost 50%-50% chance. Do not enter a trade if you have not entered. I am seeing some slght possiblity of it going up. Trade...
BitCoin is in lossing streats, and it shall continue to do so, I see that it can easily go to $4,000 level first. Now even countries are going to start their own bitCoin, so there will be more choices to choose from. IMO, the bitcoin is speculative product and it shouldn't worth much, after people stop using as money l@aundering vehicle. Trade Safe, s0nic...
Lovely Bearish Engulfing Bar we have. Now it is very likely to go down for now until it meets decent pushback from Bull side. It should easily go to 0.7874 or 0.7812 level. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially...
Oil is in the strong momentum of Down recently. It shall continue for the time being, as it has more slides to come. I want you to take note of 2 highly support level. 48.7 and 45.32 level. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a...
This index has one tough nut to crack. 20,000 level will be the imporant one. But once it is cleared, it can be easily to to 20750 region. I am expecting it will happen,. I am standing with BULL for now,. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies...
XXX/USD: Bearish (Both pairs are in same direction) Gold & Silver: Very Bearish (PMs are pulling back) XXX/JPY: Slightly Bearish (G/J is slightly bearish, while A/J is very bearish) USD/XXX: Slightly Bullish (USD is making a comeback) Indexes: Slightly Bullish (US index is a leader, HK is not on Bull side) Week 40 (2 Oct 2017)