The USDTRY is climbing fast while other markets remain stagnant. This is why we always want to have
a strategy that works in all markets as our money will always be working for us.
In early August 2020, price broke through a major level of resistance and is not looking back.
The trend that has been established is moving better than we could have imagined and this...
Teladoc is in a longer term uptrend and has been consolidating since its all-time high in August at the time of the Livongo announcement. The stock made a bottom in mid August and another with a higher low in mid September, and the stock is now near the high end of its trading range. There's a slight pennant shape to the chart too and the stock looks poised to...
This year has seen a rise in home deliveries, especially during the lockdown period and FedEx
appears to be one of a number of companies benefiting from this trend.
Over the years price has been on a steady growth, and from a low of $34 in March 2009 price grew
by 700% through to January 2018 and reached a high of $274.
A decline was underway from that point,...
If you remember for the past few weeks I'd been saying that the GBPUSD is going to rise even the Brexit negotiation didn't reach a conclusion? I'm looking at 1.2984 or even a retest of the trendline for a buying opportunity on the coming week.
The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying
dominance over the Lira.
Since the last post, price has risen by 1,390 pips which is 1.8%. Based on the weekly timeframe,
price has not yet formed a clean pullback so we may be due one. But if the trend is strong,
then we may not see a pullback for some...
As the US election is approaching, we are starting to see some interesting movements in the markets so far today.
Price is now trading below a major level of support which was the previous all-time high from February this year
at $3393. This level has since been acting as support and resistance.
As the markets are still open at the time of posting, we may see a...
Gold made history in July of this year when it created a new all-time high. Prior to this, the last time
a new all-time high was created was 9 years beforehand. Not only was a new-all-time created, but in
the process, price moved above the major $2000 round number.
When price moves past major levels of support or resistance we tend to see price revisit that...
Forex pairs have been off the radar for some time as most of the action has been in stocks.
But here and there, certain forex pairs will pop up with opportunities and this is the reason
that we never take our eye off the ball.
You can clearly see from the chart that the US Dollar is gaining strength over the Turkish Lira
and has consistently been on the rise for...
Having GBPUSD close on the Major Support level without breaking it does give a great opportunity to engage the trade.
Its immediate resistance level is at 1.3055, I will watch closely if it is able to break and close above the level.
The S&P 500 is showing good progress despite having a bearish start to the week. The first thing
we want to look at when we identify declines against the trend are levels of support below price.
If support is strong enough, then it should be able to stop price from declining further.
Below price we have the 20 & 50 simple moving averages as well as the previous...
CADJPY reverse on the turning point and break and close below the trendline and formed a Bearish Gartley Pattern. A retest on 79.94 but not close above 80.00 would give a great shorting opportunity on this trend trading setup.