Alibaba has had some big downtrend. However, it has recovered a bit, but it is still going up and down without any clear indication to which side it well head. A great prospect for the future, if the trade war will not hit them too much.
There are two opportunities here. I am favouring the short bias. The USD has now over extended, having been on a huge run post Trade War blows with China. We have two trendlines to act as protection / resistance for the stops. Great risk / reward ratio.
NZDUSD has taken advantage of the weak US Dollar and has pushed through its bearish resistance trendline. This is the first break since early August, so this represents a big shift in sentiment. There are several key zones can use as the take profit targets.
Intraday (refer to top left chart), price almost touching the weekly range. When that happens, I am biased on a retracement. Mid-term (refer to H4 and D1 chart), price have touched the Monthly projection and tested 87.000 price which was rejected mid May 2018. Plenty of trading plan can be produced from this. Bearish Engulfing Candle on H4 and/or H1 would...
Price is now breaking a very important bullish trendline. Price has been forming lower highs, and we are trading below the 50MA Stops are above the 12th October high and behind the 0.2360 level. Two target levels are previous supply and demand zones where there has been a lot of price consolidation.
Trade War tension is heating up again which prompted me to look at USDCHF. The 1 hour chart showed a clear structure, which has now broken and re-tested. The next technical zone which we can use as support is the supply and demand zone at 0.9442 Momentum is on our side.
Trump adminstration determined to escalate the trade war with China stregthens the US index, I'm bullish on USDCAD.
Talk about the safe haven FX pairs. The JPY, CHF & GOLD have long been carrying these characteristics. Here we focus on the JPY & the USDJPY pair. Recently everything in the market is being USD driven! and looking at this pair, it has been so much vulnerable to the fundamental factors affecting the USD such as the ongoing trade war and the FED rate hike...
The fundamentals that move the Canadian Dollar the past week or so were the updates on the NAFTA deal. If a deal struck, Canadian will definitely strengthen. However, the Commodity Market is an important catalyst as well specifically Oil. US-China Trade war somewhat affecting market sentiment and the energy market is no different. The market sentiment at the...
This is a complex ABC correction coming off the August highs. Did not quite get to the Gartley Fibo at 26268, but within 100 pts of it for Fibo 1.55 will have to do. There is a clear corrective 5 wave impulse evident in the A down leg, which is an organized, complex actionary impulse (labeled 1-2-3-4-5). This is not like the WXY pattern we saw in early August,...
S&P has retraced from all-time high back to breakout. Current options position is (slightly) net short but approaching 0 deltas and considering going net long with some shorter dated end of month calls. Also short on UVXY just in case we chop around for a while. Lots of potentially juicy decisions and policies to look out for right now: -US-China tradewar...
NZDUSD has extended its losses for the sixth day in a row, touching key levels in the 0.65’s. A strong US dollar and US/China trade concerns have both spilled over into NZD. There are many bearish signs, and if we break through the 0.65’s, there is a vacuum zone to the 0.62’s, which we haven’t seen since 2015. At the time of this writing, NZDUSD was trading at...
Head and shoulders for USDCNH forming (Head @ 6.9500 and Shoulders at 6.9000), with Take Profit @ 6.6000 and Stop Loss @ 6.8520. People's Bank of China has announced a change to Yuan policy to keep currency steady and restrain the depreciation to downplay speculation on a devaluation of the currency due to US-China trade war. In fact, China may be looking at...
I thought we are gonna get a reversal with the huge bid upon tagging the 200 weekly MA but so far its just retesting the breakout Entry: 1.15665 Stop: 1.7459 Target: 1.06670
Whats up Guys, All of the information is on the chart - be sure to hover over the Note for fundamental analysis. Ten Likes and I will update the chart Intelligent disagreement welcome Good Luck - See you on the trading floors #Crypto #BTC #cryptocurrency #forex #USDCHF -Nix
#USD_CNH just formed #Bearish #ShootingStar reversal candle on the #Weekly timeframe with a long wick that implies for a reversal signal for a wave of short positions coming to drag spot PA from 6.85 to our TP targets and key support levels at 6.70 & 6.58! While #CNH #Renminbi appreciating against #Greenback , #GOLD #XAU_USD will accelerate to the upside to gain...
If there going to be buyers , this is where they are supposed to turn up. I like dealing with facts and the only fact is , sellers are currently in control of this market. We need a significant excursion on the upside or downside to tell us what to do next. Let price decide.
These days the seizure has grown in the global market It's not easy to look at market behaviors But traders should deal with caution in global markets According to my predictions I was expecting this That's the price of golden glove Under $ 1,200 And many did not believe In this price range There may be strange things According to the psychology of gold prices in...