EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔽 XAU 🔼 WTI 🔽 As US midterm results are revealed one by one, the stock market has continued to rally while the dollar weakens. The Dow once again recorded the highest gains by increasing over 1% to 33,160, S&P 500 and Nasdaq 100 rose 0.56% and 0.75% respectively. However, the crypto market suffered heavily upon...
Nasdaq has retested its previous resistance now support. We cant be greedy on the trade because we have CPI Inflation later this week
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 55% SPX, 45% Cash. * CRITICAL RESISTANCE WATCH . US midterm elections are tomorrow and the Republicans appear poised to take the House and Senate, if this happens then a short-term rally would likely ensue leading up to the CPI report on Thursday. Equities, Equity Futures, Cryptos,...
What we can see in the chart is a double top formation. The price broke already below the neckline, however the target has not been reached yet. The price bounced back up and is getting rejected from the previous support. Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
In this short tutorial we will show you how to find the main levels on a chart, using price action on different timeframes .
IBM - 30d expiry - We look to Sell at 134.98 (stop at 139.41) The medium term bias is neutral. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. The trend of lower highs is located at 136. Preferred trade is to sell into rallies. Short term momentum is bullish. Early optimism is likely to lead to gains although extended...
Engie - 30d expiry - We look to Buy a break of 12.42 (stop at 12.04) Daily signals are mildly bullish. A break of resistance at 12.40 should lead to a more aggressive move higher towards 13.00. Trading has been mixed and volatile. Expect trading to remain mixed and volatile. Levels close to the 50% pullback level of 11.34 found buyers. Our profit targets...
Coinbase - 30d expiry - We look to Sell at 73.48 (stop at 78.66) The primary trend remains bearish. Price action continued to range between key support & resistance (60 - 74) although we expect a break of this range soon. The bias is to break to the downside. We look for a temporary move higher. 73.78 has been pivotal. Preferred trade is to sell into...
ABN Amro Bank - 30d expiry - We look to Buy a break of 9.63 (stop at 9.29) Prices have reacted from 8.69. Posted a Double Bottom formation. Short term momentum is bullish. There is no clear indication that the upward move is coming to an end. A break of the recent high at 9.62 should result in a further move higher. Our profit targets will be 10.44 and...
EasyJet - 30D expiry - We look to Buy a break of 311.1 (stop at 288.8) We are trading at oversold extremes. The trend of lower highs is located at 370. The previous swing high is located at 375. We look for a temporary move higher. There was little net movement as we continue to consolidate within the 280 - 310 range. Although the bears are in control, the...
Airbus - Intraday - We look to Buy at 91.05 (stop at 87.57) 89.00 has been pivotal. Bespoke support is located at 91.00. A bullish reverse Head and Shoulders is forming. We look to buy dips. Prices have reacted from 87.00. Our profit targets will be 99.77 and 103.77 Resistance: 95.00 / 98.00 / 100.00 Support: 91.00 / 89.00 / 86.50 Disclaimer – Saxo Bank...
Sanofi - Intraday - We look to Buy a break of 83.71 (stop at 79.98) We are trading at oversold extremes. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. 83.58 has been pivotal. A break of 83.60 is needed to confirm...
ST Micro Electrics - 30d expiry - We look to Sell at 38.14 (stop at 39.33) Resistance could prove difficult to breakdown. Bespoke resistance is located at 38.00. 38.44 has been pivotal. 39.21 has been pivotal. Levels close to the 61.8% pullback level of 38.91 found sellers. Our profit targets will be 35.14 and 34.14 Resistance: 35.00 / 36.00 /...
Alstom - 30d expiry - We look to Buy a break of 22.51 (stop at 21.29) There is no clear indication that the upward move is coming to an end. 22.42 has been pivotal. The previous swing high is located at 22.37. A break of resistance at 22.40 should lead to a more aggressive move higher towards 24.80. Our outlook is bullish. Prices have reacted from 16.04....
SAUDIAN STOCK 4300 The price retest on the trendline with same time in resistance and fibonacci level 61%. I expect start to rise the price to next resistance. For more details contact me. don´t forget like and support.I will be gratful👨💻.
Bitcoin has been trapped in a range between the $18,500 and 25k , lets see what is the most likely scenario.
Tesla - 30d expiry - We look to Buy a break of 238.11 (stop at 221.98) Weekly bullish divergence is expected to support prices. A break of the recent high at 237.40 should result in a further move higher. Trading has been mixed and volatile. The primary trend remains bullish. Our profit targets will be 279.29 and 289.29 Resistance: 238 / 255 /...
This is just a thought here - although this appears to be a never-ending downtrend, I wonder if this on-balance volume divergence signals something. This shows that buyers are willing to step in here a bit more aggressively than the previous "bottom," as shown by higher OBV despite lower prices - even though OBV has declined overall since its peak. We're also...