Relationships between the U.S and China have been deteriorating at a really fast pace since the begging of the Trade War between both countries back in 2018, where hundreds of billions of dollars in taxes over nationals goods, were exchanged. Despite the escalation of tensions, Trump's primary goal was to try to please the agricultural sector, since the farmer's...
Rapidly escalating trade war tensions between US and China and concerns on a potential second wave of covid-19 continue to linger. President Putin faces many challenges domestically, and his policies could ultimately impact the direction on the ruble.
Trouble at home
Russia is struggling to contain covid-19 at home and is on track to remain top 3 in...
Technically it's possible. Very very critical weekend. If it breaks..
Reversal H&S target is 39.7
- Corona virus
- Middle east is burning ( Turkey & Russia)
- Trade wars. ( )
See you in 39.7, other targets are on chart.
The rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend should resume.
I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.
The decline from 99.66 unfolded as a leading diagonal structure, labeled i-ii-iii-iv-v. According to Elliot Wave theory, leading diagonal always point toward the direction of the major trend.
Also, once a five-wave impulse is completed a three-wave retracement follows. In the Dollar Index case, the corrective pattern seems to be unfolded as a w-x-y double zigzag...
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👨🏻💻This chart shows a strong reversal correlation of prices between one of the famous classic financial instruments NYSE:MSCI and BTC. So you have one more indicator in your trading strategy! What do you guys think about it? Let's discuss in a...
US Retails Sales, corporate earnings and now Chinese consumer data add on to the equities rally!
Despite US equities having reached overbought levels, phase one seems to be working well on global #indices.
All eyes will turn to Davos this week, central banks' decisions and also the widely anticipate Trump’s impeachment trial.
Let’s see how equities will pan...
This is a continuation of my previous chart. I am providing an update and will do that regularly on this chart as this is a set up stage and we are in a very interesting timezone for this stock.
The important number for us to look for closing price on this chart is 219.39 on support and 229.64 for positive breakout confirmation.
Price opened at 221.83 quickly...
The US and China signed a partial deal yesterday, putting a temporary stop to global uncertainty! Without that being the end of the trade war, at least we can now wait and see if China respects the signed terms over the next few months...
Are emerging markets affected by the fresh rhetoric since China is supported, or should we just focus on monetary policy,...
On a yearly performance, MU did better than 77% of other electronic components stocks. Now it is currently trading near its 52 weeks high so it is performing in line with the broader markets.
On a mid-term based daily chart, we could see a strong wedge uptrend pattern with momentum, and a few minor pullbacks occurred due to some broader geopolitical impacts such...
SOXX got a little out of hand last year, surging to new highs despite a minor earnings recession in the sector. However, the dividend yield has continued to improve over that period, and the outlook for the sector has fundamentally improved in 2020. According to FactSet, "At the industry level, the Semiconductors & Semiconductor Equipment industry has the highest...
The bearish impulsive wave that started in October 2019 is still underway.
Price should be making a short-term rally and longterm decline until the structure is completed.
Note: I will be looking to short from the blue zone.
Check Related Idea for previous analysis.
In a monthly time frame, it is clear that the pattern forming descending triangle and forming double top inside the major pattern. Although the major trend
still uptrend, but the price move near the support line with the RSI 40%.
After breakout double top pattern, the price might be pullback to the breakout point and wait for bearish price action to short, thus,...
Despite what seems to be an everlasting downfall, the GBPUSD pair is currently in an uphill battle, literally. Climbing up in its current channel, the price point has recently tested what I consider a 'break-out' but failed. Not losing too much of its momentum, the price point fell from 1.35052 to 1.30844 where it rebounded with nice support. A 'break-out' was...
The FX majors stretched into 2020 firm, spelling a strong term against a weaker #dollar!
Will this continue being the case though when uncertainty around #tradewar and #Brexit remain elevated?
Take a peek at our #elliottwave analysis for some technical insight at least.
EURUSD 1H 01:45
USDJPY 1H 03:30
GBPUSD 1H 05:50
General fundamental context: Expect global mini economic expansion in 2020. Yes, 2019 year, to the surprise of many, managed to avoid recession. Do you remember this extremely weird rally BOTH bonds and stocks? Investors were basically divided into two camps - doomsayers and smart and witty stock traders who almost blindly bet on Fed capitulation.