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The GBP was the best-performing major currency in July, indicating the possibility of a mean-reverting behavior in early August. The pair has already reached a major daily resistance level where sellers joined the market and pushed...
The support levels (~19.00 and ~17.00) for SPR have been tested on many occasions. This beaten-up stock has very little downside at current levels. The dismal outlook of the aerospace industry has already been priced in. SPR has a partnership with Virgin Hyperloop to manufacture infrastructure needed to build the next generation of high-speed rails. For a company...
Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further.
EUR/NOK - Will the bullish momentum continue?
- Pattern wise - Looks like inverse head and shoulders.
- As long as its above that trend-line up the bulls are still in control
- This trade idea, could reach towards 161.8 areas
As the market moves...
Watching this one very closely over the last few weeks. Moving perfectly in-between support and resistance of the symmetrical triangle and recently settling on the 0.5 fib retracement as a resistance.
Looking for a break out of the triangle to open a position, long or short?
Long Target - 12.39
Short Target - 6.02