Antonio_trader

Antonio_trader

AMZN is ready it seems to break the triangle. Once price breaks the red resistance zone, time to add more longs! Good Luck and Stay Healhty!

Antonio_trader

Price reached and strong daily chart resistance near 1.38. A break above would indicate probable target levels at 1.40 and the potential to continue higher. The end of uncertainty with Brexit seems to have put more faith in GBP. Good Luck and Stay Healthy!

Antonio_trader

WTI looks like it is exhausting on the retest of the uptrend line. 4H chart shows a triple top with RSI divergence. Break of the neckline gives a target at the lower support level and 200SMA creeping up to it. While longer-term, oil is still looks bullish, it could be a good opportunity to make money on the pullback before buying again. Good Luck and Stay Healthy!

Antonio_trader

The price of Daimler stock is consolidating below the key resistance level of 60. S break to the upside and close of a daily candle opens potential to retest the massive uptrend line, broken in 2018. Strong support below the current price action: 200SMA, support zone and an uptrend line from the low of the pandemic 2020. Recent developments in Daimler and massive...

Antonio_trader

A falling channel on a 4-hour timeframe is soon to approach the support zone. A potential retest of the uptrend line and 200SMA make it a strong level. Can trade the bounce here looking for reverse patterns on a smaller timeframe. A break lower is possible but requires significant selling pressure and some 'more' bad news regarding the pandemic. Please support...

Antonio_trader

Price is now at a strong support level, good for looking at reversals to the upside on smaller time frames. If the level holds and forms a pattern, it is an easy buy. Good Luck and Stay Healthy!

Antonio_trader

American Airline (AAL) has taken a major hit due to the COVID-19 pandemic in 2020, as have all the other airlines, which has subsequently destroyed the demand for air travel as people were forced into lockdown. AAL stock went from $29.32 high in February down to $8.23 low in May. Since then, the price has been fluctuating, bouncing up only slightly to the current...

Antonio_trader

The dollar index (DXY) has had a good start the first week of this year, compared to the abominable 2020. The COVID-19 pandemic has touched all financial markets and the mighty dollar felt the impact of it more than any other main currency. From my last article on March 12 2020 DXY lost over 8%. However, this move lower was expected from the technical perspective...

Antonio_trader

Price now consolidating at the 200SMA, waiting for the impulse lower to sell more, targeting lower areas. No major data today for either of these currencies. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!

Antonio_trader

Amazon had an amazing run during 2020 as people switched to working from home relying more and more on delivery of goods. After reaching almost $3600 level, AMZN stock pulled back slightly and has now formed a symmetrical triangle on the daily chart. A break to the upside is a good opportunity to buy more, there is also a good resistance zone for more...

Antonio_trader

JPY is losing strength, now price action shows a daily double top pattern with RSI divergence. Potential to trade the break of the neckline and 50SMA to target 115. Please support the Idea and share your thoughts on CHFJPY! Good Luck and Stay Healthy!

Antonio_trader

Price confirmed the downtrend line and now gearing up for the break. Waiting for the impulsive break of the current resistance on the 15 min chart ( see below ). Once broken we have target levels open at 15.70 and then 16. Please support the idea and share your thoughts on USDZAR! Good Luck and Stay Healthy!

Antonio_trader

CADJPY at a serious level here. Testing the downtrend line again, the price seems to consolidate for now. After oil spike due to Saudi's announcement, there is a high probability of a break to the upside. A break through resistance zone and trendline would signal a buy. Please support the idea and share your thoughts on CADJPY! Good Luck and Stay Healthy!

Antonio_trader

4-hour chart shows a test of the uptrend line, confirmed with multiple touches. RSI shows price being exhausted. We could see the start of the reverse pattern forming here. A break of the trend line and close below the 0.77 and 50SMA could signal a sell, depending on how much confirmation is required. On the fundamental side, other FX charts show USD potentially...

Antonio_trader

Price of gold formed a falling channel with the strong support of 50SMA and confirmed broken level back from 2011. With the expectation of Biden to take charge soon, gold is waiting for further direction. A retest of the support zone provides an opportunity to trade the bounce if the reverse pattern emerges on smaller time frames. Please support the idea and...

Antonio_trader

US oil saw a major boost after a surprise announcement from Saudi Arabia to cut production. Followed by a boost at the end of last year due to expectation of vaccine for COVID-19 to open economies and increase demand. While the outlook for oil remains unknown, OPEC+ countries show the desire for higher prices even at the cost of losing production. On the technical...

Antonio_trader

This year has seen a massive resurgence of crypto optimists. The 3rd halving that happened in May propelled investors into the market and the COVID-19 pandemic trashing the economies only added more credit to crypto currencies as an alternative investment to FX. The end of the year became similar to 2017 scenario as everyone jumped on the bullish train. The...

Antonio_trader

Technical view: After breaking the downtrend line, price action stumbled at 1.20 and retested the line. Now price in a range between 1.16 and 1.20. A break of 1.20 would signal a continuation of the uptrend after the break. Next target level would be 1.24 area. Overall the chart suggests a higher probability to the upside. Fundamental view: With US election...