The EUR/USD currency pair has gotten a big boost as a result of China stating that it will impose tariffs on $60 Billion of U.S goods starting June 1st. This action has undoubtedly extended the ongoing trade war between the two countries.
China's declaration came three days after the US action of all most tripling tariffs on $200 Billion of Chinese imported...
I was not attempting to line these trend lines up. I just happened to find an amazing correlation from a more recent trend support line to the old resistance trend line from 2015-2018. What does this mean exactly? Well I'm not a pro at this or anything but I'd assume we can use it as confirmation that the newly formed support line is that it returned to is a...
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$RENN The Original Parent Company currently holds 72% of the entire O/S
And has agreed to the below stipulation:
Upon the closing of the transactions contemplated in the Share Exchange Agreement in which CM Seven Star acquired 100% of the issued and outstanding securities of Kaixin, Renren received approximately...
May 9th 2019
EUR/USD
This is a time where the macroeconomics of the U.S are influencing this pair in conjunction with the technical analysis seen on the chart. However, the macroeconomics are having an 80% influence over the price movement at this time, while 20% of the movement is still attributed to the technical.
The EUR/USD has reacted inversely to...
UNH defied the heavy selling due to fears of more Tariffs. An extra-long white candle formed without HFT activity. The stock has not broken through major bottoming resistance.
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well...
There are plenty of technical reasons to avoid AUDUSD. Nearly all exponential moving averages, which more heavily weigh the more recent days than the ones further away, point towards a continuation in the downward trend. The bull bear power index also indicates that AUDUSD long is an overcrowded trade. Indeed, data from DailyFX backs up this claim with its data...
During this turbulent time of tariff imposing between USA and China, indexes have changed a lot in the way of movements, and the reactions on speculations are extreme, leading the spikes to be in hundreds and thousands of points in both directions. GER30 particularly has been very sensitive, thus a great possibility to trade with, but also very risky on the short...
During this turbulent time of tariff imposing between USA and China, indexes have changed a lot in the way of movements, and the reactions on speculations are extreme, leading the spikes to be in hundreds and thousands of points in both directions. GER30 particularly has been very sensitive, thus a great possibility to trade with, but also very risky on the short...
I honestly don't know what the f*** I'm doing, but we're going to get through this together.
Right off the top, I hooked it up on those top and bottom trend lines just to see what's going on in this movie, and it's looking like we started off with the downward bounce this morning, which confirms the appropriation of this chart whipped up last night.
I mean, it...
This potential Long entry point in the chart is based on multiple technical and fundamental confluences, most of which i'm not going to give out
Note that FX markets and Turkish lira movement is based on fundamental information as any breakout of technical levels happens for fundamental reasons so I highly advise you to be unbiased and watch topic related news...
Whats up Traders - As always, the explanation is on the chart.
Just some food for thought and concern. I am NOT the only one talking about this by a long shot.
Keeping an eye on things, and like most seasoned traders, We are trading with extreme caution right now
- - Macro Headwinds - -
China - Trade-war / Tariffs
November Election / Midterms
Saudi Arabia...
Rotation has been underway most of the summer months in the AMZN chart. Rotation is the slow, methodical selling of shares held in inventory for the Trusts of Derivative Developers and the Charters of Mutual Funds. The largest institutions are lowering their risk, expecting the tariffs imposed on Chinese imports to impact AMZN with either rising prices and costs...
WMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance.
Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it...
