The latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is...
Very high chance US markets (S&P500) will collapse from here (2910-2920) ... expected decline anywhere from 20-50%
First trend line (on smaller time frame) broken. Now rejecting near smaller time frame trend start.
Rejecting at trend start on larger time frame after losing trend Dec 2018
Smaller time frame short possible!
May precipitate bear market with...
The statistics from China was the main news event of yesterday. It seems that government measures to stimulate the economy have taken effect. Retail sales and industrial production were much higher than analysts' forecasts of 8.7% and 8.5%. As a result, GDP growth was also pleasantly surprised: 6.4% quarterly growth, with market expectations of 6.3%.
Pound dollar is on focus:
1.30 support is the key level for this pair,
bearish breakout of it will trigger strong selling reaction.
Sell only when daily candle closes below structure
or wait and sell the retest of a broken level.
Targets based on structure:
1.28 and 1.27
Market is approaching significant resistance
Weakening bullish momentum
RSI overbought + divergence
Head and shoulders pattern formation
Wait and sell breakout of the neckline.
Targets are based on structure!
Please, check my signature!
Breakout is not confirmed/let the daily candle close below structure
After a confirmation you can:
sell aggressively without a retest
wait and sell the retest of broken support
Next levels of support are 1260 and 1240
BATUSD Has been following an interesting pattern since it is available to the market, showing huge spikes in the daily and weekly timeframe time and time again.
After taking a closer look in the beginning of the year i knew it found its Support at the 0.10 region and had be quietly watching this pair ever since.
So, now we have came near a Critical Resistance...
Updated: After a strong close to the week on Friday, Monday saw a battle against long standing sellers, viewing Lv2 over the past few months there were large asks stacked from $0.80 all the way up to $1.00, these asks totalled near 1 million shares. This made an extremely heavy resistance zone, however after 6 full trading days around $0.80 the Seller capitulated...
Please check my signature and related ideas.
Strong bullish pressure around 1.33 support
Bullish breakout of descending triangle
Long term bullish trend
To avoid a bull trap let the market close above 1.34
Then buy limit the broken support
Initial target 1.344
Second target 1.349
Retest of the higher high - resistance
Formation of head and shoulders pattern
Sell the violation of a neckline - 1.003 support
T1 - 1.00155
T2 - 1.00
Please, check related ideas and signature!
Market is standing on significant support
RSI oversold + divergence
Inverse head and shoulders pattern formation
Buy the breakout of a neckline - 1.584 resistance
T1 - 1.59
T2 - 1.56
CSE:BAMM OTC:BMMJ Body and Mind closed friday with a doji candle, possibly signalling a short pause before advancing. We have kept daily higher lows intact since March 19th, consolidating on the hourly as we advance. The weekly chart looks very strong with increasing price, increasing volume, big green bars closing at or close to the high. However I would expect...
I'm not saying its going to happen, but many fundies point to indecision. There's little motivating force behind breaking through previous all-time highs. Trade war resolution? Probably not since after US-China, Trump may take on the EU and Japan with auto tariffs. If that goes down, he could easily tip us into recession. At the end of the day, speculative...
Here we can see the zoomed out macro map for the flows in usdjpy. If you are a believer in the bullish USD story and see this as an ABC corrective leg, after completing a multi decade 5 wave sequence.
Timing wise we have the seasonality flows to Yen as we approach the end of the fiscal year. Although the name of the game is to park in dollar so these are...
In my opinion, USD has a higher probability to breakout to the upside based on several reasons listed below. It’s also trading within an ascending triangle, and has been consolidating for the last couple of trading sessions, both of these signals are bullish to me given the economic backdrop in the US currently.
1.) Still strong US economy, based on the slew of...