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EURUSD FUNDAMENTAL AND TECHNICAL IDEAGood Day Everyone Here's an idea on the EURUSD pair, as we've seen the EURO making major recoveries in the last cople of week the pair is in a uptrend which most signals point to it continuing as we go in on the pair.. The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme > INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk . . - The dollar was modestly higher on Friday after data showed the U.S. labor market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week, as uncertainty about the U.S. economy capped gains. INVEST.COM - The Labor Department's employment report showed the jobless rate fell to 13.3% last month from 14.7% in April, which was a post-World War Two high. It came on the heel of surveys showing consumer confidence, manufacturing and services industries stabilizing. Economic conditions have significantly improved as businesses have begun to reopen after shuttering in mid-March to slow the spread of COVID-19. U.S. dollar index =USD late Friday was up 0.18% to 96.93. It was down 1.4% from last Friday's close. On the day, the dollar was 0.38% stronger against the euro EUR= , at $1.129. Against the safe-haven Japanese yen JPY= , the dollar was up 0.44% to 109.61 yen. "Today you've seen better-than-expected economic data coming out of the U.S. in terms of the jobs numbers," said Chuck Tomes, portfolio manager at Manulife Asset Management. "The reaction on the back of that has been expectations of better growth coming out of the U.S. as well as a steepening yield curve, both of which have provided a lift to the dollar." The uncertainties about the economic outlook and the possibilities of a second wave of infections had capped the greenback's gains, Tomes added. Some analysts said the May job gains in might not soon be repeated. za.investing.com . . . We are curretly just above level 1.12754 wich was our resistance level now support the pair pushed through this level came down for a retest possibly signalling continuation to the upside so looking for long entries in the pair... Target 1 - 1.13902 Target 2 - 1.14984 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu
EURCHF FUNDAMENTAL AND TECHNICAL IDEAGood day everyone Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme > INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk . . . EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY.. . . . We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair... target 1 - 1.09175 target 2 - 1.09664 sl & entry - follow your rules RISK-MANAGEMENT period - swing
Long
by PULEMokhothu
2
NVAX Long - $150 Target?I've been following NVAX since price was at $12. Fundamentally they have one of the most promising COVID vaccines and their Nano Flu shot beat Sanify's flu shot, whos been a market majority holder in that aspect. Technically, we've tapped that $150+ zone 8 out of the last 9 fast rises over since the company IPO'd in 1996. Each of the rises have been driven by pandemic viruses..ie, swine flu, bird flu, H1N1, etc. We have 4 days until the quarterly candle closes. If we close strong, we'd of closed above the coral, and momentum and RSI are correlating. I think we will see a short term sell off at the psychological $100 level. How much? I could see $80-$85 be a good rebuy zone to push price up to t $125 then $150. Buyers at $80, will probably be looking for a double on their investment which would put price at $160. Let me know what you think!
NASDAQ:NVAXLong
by allout06
7
HINDUSTAN UNILEVER LIMITEDHINDUNILVR showcases the onset of the downtrend with the current gap down opening. The stock was in a bullish uptrend followed by a consolidated between a span of two weeks in the 2090-2130 range. The current level (2085-2090) can be termed as both resistance and support because the price is trying to break above it. If price closes above this level as of today, the stock might again go into consolidation. If not, the price can fall to the lower support levels:- SUPPORT LEVEL 1 (2010-2015) SUPPORT LEVEL 2 (1960-1970) If the price falls to these levels, accumulation should be carried out. THANKS P
NSE:HINDUNILVR
by PrateekVerma
EURCAD H1 - Short SetupEURCAD H1 - I've adjusted resistance zones to show hourly resistance now rather than H4 resistance, sat around that 1.53 handle. EUR has ripped over recent trade, would be nice to see a correction. No confirmation here, I wouldn't suggest taking a trade until we see some... 1:11 with current projections, so can afford to lose some by waiting for some PA confirmation. H4 close is going to be intense, looks like it may break but H1 still technically intact.
Short
by Trade_Simple_FX
USDJPY bullish continuation After NY session closed we clearly stayed above daily lows going into Asian session and new daily candle. Risk off tone and lower equities didn't help risk on sentiment but dollar bounced back after FED's Powell speech on excluding negative interest rates which is sentiment positive for USD. Pair broke previous high and made higher low at London close. PATTERNS: Bullish engulfing pattern and trend change on 1h and lower timeframes by swing pivots (breakout of previous swing high, new swing low not broken yet) 4h swing lows remain the same after previous highs got ceased and back tested positively (50% pullback co-relation). Idea is to go long from his 50% retracement on solid r/r. ADR is 96 and by setting half ADR as sl I wont risk much of capital. Profits can be taken anywhere above 1/1 r/r. Maximum I would take is full ADR. Entires can be made above 107.1 resistance, which may be safer entry and might co-relate with 100ema brekout on 15min timeframe and 100/20 ema b/o on 1h and 4h respectively.
Long
by fxmonarchy
EURNZD Short - 1.6700 TargetEURNZD has broken some consolidation to the downside as both AUD and NZD pick up strength with great coronavirus handling and exports to Asia are picking up now that those parts of the world are re-opening. Even though Europe and the USA are struggling and consumer demand isn't as high, production countries such as Vietnam, Indonesia, China, Japan etc... will manufacture now while interest rates are cheap, labour is cheap, inputs are cheap and they will grow inventories for the future. So the raw materials that AUD and NZD economies send to these countries will be in high demand. I expect us to drop here!
Short
by Apex_Forex
1