NZDUSD is at a good support zone, and could turn up from here, following gold, which is very oversold. I'm waiting to enter long here, I'd like to see how today's bar acts, to buy into strength going forward. You shouldn't rush into gold or NZDUSD longs right away, but, should monitor how today behaves first. The negative news surrounding New Zealand serve as an...
INTC gave us a nice correction after the earnings report, sending it close to support at 34.90 and also landing on the lower deviation of a linear regression channel that I started from 2016's low, and anchored the other end to the highest high on October 10th. The new Key Earnings Level should act as a magnet propelling prices back up to 36.50 quickly. Once we...
In this chart I show you the time at mode signal active on chart. Currently, there's a 6 month timeframe downtrend that demands price to hit 0.91505 by May-July 2019, or sooner, and a 2 month signal that is very close to confirming. Confirmation for this signal can come if we hit 1,07422 during October, or if November-December closes with a high that is lower than...
Same theme as SPY, we have an excellent long opportunity here. I like the VIX and pseudo-VIX activity today (USDMXN if you might ask), so I think we have a bottom in place here. Stop is a new low, risk 0.5% going long at market open, add to reach 1% risk on dips in the following 3 days. You may or not hedge with either a half size LABD position, or IBB puts at...
Using a mechanical-only approach to analyzing the market can provide disciplined, unbiased and unemotional projections. The AUDUSD has been building a base down here for the last 9 months where every single month has traded between 0.75 and 0.764. The trend-indicator "RgMov" hit a new 44-bar high in early 2016 which pointed to opportunities to buy 11-week...
This morning I bought an $MXF stake at the open, and shorted USDMXN at 20.0022. I think we might be in the presence of an 'ending diagonal triangle', or terminal wedge, in Elliott Wave parlance, in particular according to the Neowave rules. If that's the case, we will a see brutal rally in the Peso, sending USDMXN down to 16.43 in approximately the time the arrow...
The short term chart shows very bullish signals in BAC, we can enter longs here, on dips to 15.45, and/or add on a break of 15.85. Stops for all positions should be at 14.81. There is a giant resistance zone above, so if crossed, we can let this trade run for a good while. Most traders are not in stocks from this sector, and it's not a good idea right now. Good...
If copper doesn't retest 2.116 on close, it'll confirm a long term uptrend, and possibly even a long term reversal. This could bode extremely well for the Aussie dollar, and as a general bullish signal for the global economy. Keep an eye on this powerful signal here. Good luck, Ivan Labrie.
Just want to document this call. I'm long with 20% of my portfolio here. No hedges now, you can jump in and risk 1% with either a 3 ATR stop loss, or a new daily low if bold. SPX cfds are a good option for FX traders who don't trade equities, you may enter here if not in. Stop at today's low +1 tick is ok. You can simply go with no stop and size it to fit 20% of...
AUDUSD is set to start accelerating as the massive long term accumulation pattern leads to a rally of monthly scale here. If not long, jump in now with 0.5% risk. Your downside risk is 60 pips give or take, for aggressive traders, and a drop back to 0.76 for more conservative long term positions. Once we move above 0.7350, we'll have further confirmation that the...
I believe we can reenter longs safely, or add back to long term positions here and specially tomorrow on strength. If interested in learning about the risk management used here contact me, you could do it in different ways, depending on your risk appetite, and timeframe. I'd say that Comey has a mean right cross, but dollar is back up and ready to fight...
STLD's chart is massively bullish, the same as copper, iron ore futures, AUDUSD, and other correlated instruments. The setup here confirmed some time ago, but it's relevant as an analysis piece now. Most people are bearish on equities but I believe we're seeing the bottom here, or very close. Rising commodity prices seem likely going forward as well, which will...
The Gold/Silver ratio shows an interesting setup here, and correlation to inverted SPX, which points to the nature of the ratio's movement tied to risk off/on phases. This has to do with the real world applications silver has as an industrial metal, compared to gold's function as a store of value and risk off protection. I think we can see a long term decline,...
The BTCUSD index chart here depicts an interesting price pattern, a cup and handle in the making. This pattern usually is powerful, specially when the signal coincides with a 'Time at mode' trend signal and is coherent with all the technical and fundamental observations we can make here. I don't personally use it for trading decisions, but it's certainly visible,...
I think this is a really good short setup. The company is bleeding cash, funding their huge dividend with debt, not complying with regulations regarding the usage of sustainable palm oil on their products and the technical chart shows an ideal entry against resistance here. The entry is very tactical, a perfect technical setup, paired with bad fundamentals for...
STWD has a very promising setup here, you can go long at market, risking 2% of your capital for a longer term position, or risking 0.5% with 90 cent risk per share. Good luck! Ivan Labrie.
Great buying opportunity in this pair. Its high yield makes it attractive for risk on positions. You can go long at market or on dips, with stops under 0.7406, hold it until it breaks the recent highs at least. Good luck, Ivan Labrie.
Bearish momentum during last week must fade before we safely long the dollar again. It might take some time to shake off the bears here, but the election might play its part, making next week be a battle between the current bears in control, and the bulls. The high of the Brexit day might prove to hold the selling, specially confirmed if we don't see any weekly...