From EURUSD daily chart the following: 1) PA has not been able to go higher then 1.07600 this last week 2) RSI broke red trend line, so momentum change 3) CCI is below O (Zero or neutral), so supply is greater then demand now. (Note) On shorter trades from 5 minutes to 15 minutes will be doing bear trades at resistance areas.
Decided to let charts do the talking: EURUSD 15 mn, to me next week, appear to have swung to bearish side. After Elliott impulse wave (12345) has concluded.Red trend line has been broken with red doji (candlestick).I will be looking at trading Puts, Sell or Bears early this coming week. Fib. Retracement on chart hit 0.786 area, which is a good reversal area on...
Why Buy Gold? 1) On XAUUSD weekly chart, PA hit a major support area of 1125.00 2) PA made a bullish reversal PINBAR candlestick pattern 3) On noted Fib. Retracement, PA reversal hit at 0.786 (key area) 4) RSI is going up & now 39 5) CCI is 55, over above NEUTRAL on indicator. * Will continue to look for buying opportunities in near future with GOLD on lower time frames.
What does the ALLIGATOR say.... * For the foreseeable future, USDCAD will be bearish & USOIL will be bullish. Right now, RSI is little under 50 & CCI is in a downward trend. On lower time frame's, I will trade with trends, which is safer then going against the it. On weekly chart USDCAD (red/green) is now above USOIL (purple/blue).
Last 2 years, EURUSD has been in a weekly chart sideways PA action. From this chart, PA is around the low of last two years of 1.05000< this is a solid SUPPORT area. Right now, RSI is at 27, so still in oversold area (too many sellers & not enough buyers at this time). CCI indicator is around neutral area or ZERO. *NOTE: This is weekly chart, on monthly chart YOU...
Per weekly chart, EURJPY has hit a HARD resistance on around 124.000. I believe from RSI being still overbought at 64 and CCI going in a downward trend, this pair will be bearish for awhile. There has not been much movement with PRICE ACTION for Dec 2016. Also, Elliott Impulse Wave 4-5 appears to be starting this month.
Every trade you do is a NEW one, so Focus, Plan & have a Strategy in 2017!!!
A major PSYCHOLOGICAL number of 20,000 will be hit tomorrow. In my view this number will be broke and be a SUPPORT area until after the new POTUS is sworn in on January 20, 2017. Merry Christmas!!
Deal with Trump & softbank to invest $50 billion in USA & add 50 thousand jobs. Yes, soft-bank owns 85% of Sprint stock....up $1.10 since announcement...WOW!!
The Motley Fool article, says this is another Trump Stock to invest bullish with. The left high PA is $55.08 and PA is above Ichimoku cloud indicator and just got above EMA 200 (gold line on chart). Continue to monitor and trade at lower time frames.
Another (The Motley Fool.com) stock which they say during a Trump presidency will see bullish action. KMI has only been a stock, since 2011, but is undervalued at this time. If interested, you should read about this company more and WHY, they should profit during next several times. Will continue to monitor and invest with bulls.
Per The Motley Fool.com, this is another stock CAKE, which should continue upwards during Trump's presidency. Why, because they are expanding, lower taxes, people will have extra cash to spend. Last 8 years, one share was $4.96 to a all time high of now, which is $60.48. Continue to watch and see, what happens in big picture with CAKE.
During Obama's run from 01/2009 to 01/2016, so far GE has went up from a low of $5.73 to now $33.00. Not bad if you would have bought 100 shares of GE stocks in 2009 & held until today. Per The Motley Fool.com, this Trump should only go higher during his presidency. On monthly chart of GE, if you look left noted a high of $42.15 & further left a high of $60.50. PA...
Keep on top of Presidential election happening in Australian happening this Sunday, which will effect trading.
Because of discrimination and divisiveness in USA last 8 years and electing an America 1st President Of USA, to start on January 20, 2017- some publicly traded stock companies decided to make their POLITICAL views known. Like: Grubhub, Kellogg Co (which makes a lot of grocery products) has essentially told half the population in USA- that we don't want your...