GBPUSD is in corrective wave (ending diagonal) which could be a sign of bulls coming into the market. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The dollar index optimism got rejected as predicted in our last post (see below), however, bulls can still move it a bit higher before the index revert to its mean on weekly. In all, weekly sentiments are now bullish, but a revert to its mean is most likely. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Dollar index optimism is growing and there is high possibility that there will be rejection at the highlighted zone. If this happens, then the index will revert to its mean or commence the downtrend... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Daily outlook for gold is now bearish with high tendency for gold to re-test 1540 shortly. However, seasonality also favour gold to be "a bit" bullish in February. Using 20 year data, in February gold has 50% chance of ending positive in the month with an average earning of 1.1 4th highest after January, August & November. So if gold price decline to 1540, it...
With EURUSD back into the bearish wedge, the pair might be gunning for the upper channel of the wedge N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Brent oil now sits on a support and a rejection at this level could determine if there could be reversal to the upside or continuation of the down-trend. If the support level is violated, then brent oil next support is around 48. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
If you trade stocks on FTSE100, opportunities are coming up to get some stocks at a cheaper price. The index retracted a little bit on touching the rising trendline, however, the bearish candlestick indicate possibility of going lower even if the index pullback early next week... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In...
Gold violated the swing high at 1555 in January and is now targeting 1690 to test some important levels. The optimism is still growing and could possibly wear-out soon N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Cable broke away from the correction with very strong bullish candles. With the currency pair close to an intermediate resistance, it could possibly pullback to some support levels before making another impulsive run towards 1.34000 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
I remember when I posted my bitcoin analysis mid-December 2019 that bitcoin is now targeting 9500, many "traders" bombarded me with unprintable names. Just about 6 weeks later, bitcoin not only hit the target price but went a little bit above it before pulling back. I wonder what will be the responses now that my new analysis shows that bitcoin will go even...
With Bitcoin trying to make a higher-low, the cryptocurrency may likely break recent swing high 7878 and then targeting 9500
The cable is close to the upper channel of its corrective symmetric triangle structure and could possibly breakout on the daily timeframe . If the breakout happens (now), it possibly will be a fake one as bears or hovering around to send it back. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD rallied up on H4 breaking the swing high at 1.10277, now there is pullback on the pair. Expecting bulls to take control of the currency pair at the highlighted zone which should take the price further up or at least re-test 1.10277 as main trend is still bearish. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The 23 level seems to hold H & R Block Inc from further falling. This has made the NYSE stock to be attractive to buy between 22.15 & 23.60. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
TSCO immediately met with bears just after violating the descending trendline. With yesterday's candlestick, there is possibility of the stock price to re-test some support level which could possibility give opportunity to long the stock. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After breaking above the bullish wedge, dollar index has rallied ending with 5 bullish candlesticks. The index is now close to a strong resistance which most likely will send the index to re-test its previous support. This inversely may be a rally for USD pairs N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The daily chart of GBPUSD shows high possibility for the pair to range between 1.3200 and 1.2998 for few days before it finally rise again to test the swing high at 1.35000 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
The weekly pessimism for Barratt Developments Plc is at the extreme and this may likely cause the stock price to pullback to its mean value or begins a correction N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades