I'd consider buying GBPUSD if it shows me a good sign of reversal on any smaller timeframe. Now it is located at the support area, but one has to be careful with longs since DXY (US Dollar Index) is rebounding amid a "risk-off" regime.
GBPUSD had reached the high from December 2019 and now is trading below the annual highs. It would be very difficult for this pair to continue growing quickly, considering Brexit related talks and overall technical structure. A short position may be underway.
It would be logical for US oil to reach $50: a level that preceded the crash of this market in March 2020. Before that, however, the market will need to balance the excessive inventory with a shakeout as shown on the chart.
BTCUSD is building below the ATH (all-time high), and it is likely to break to the new high soon. The opportunity might be very short-term, so you have to be nimble and act quickly to jump in around the trigger point (see the chart).
AR is at the buy zone and may be purchased for the short-term on Monday if there would not be a bullish gap at the open. The target area is not defined yet, let's look at the price action around a new high
Bitcoin is setting up at the lower of the "Christmas tree" pattern and has the potential of reaching its top at around 27000
USDJPY is bouncing off the medium-term resistance area after forming the engulfing pattern on the H4 chart, which is usually a strong sell signal. Combined with the overall strength of defensive assets, we may see USDJPY lower soon, as shown on the chart.
Long trade for KO: after the large gap and consolidation, the stock may be ready to proceed moving with the uptrend
AER had crossed the 200-day moving average and now is located above. Today was a green day, and, supposedly, the price will resume moving higher. One may build a long trade here with a stop-loss at 38.25
BYND had reversed from the 200-day moving average below and forming a "cup-and-handle" pattern - a strong bullish signal. Considering the renassiance of other IPO stocks and rebound of small caps, we may see it breaking up and reaching the 180 area.
I consider going short on Crude oil (US Oil) in case it confirms the weakening of buyers as shown on the chart.
BIDU shows bullish sentiment as the largest Chinese Internet company. Technically, we observe a U-shape reversal with a strong Friday's close, which may open a path for the price to reach the previous long-term high. Monitoring for continuation.
Gold is consolidating above the 200-day moving average, giving intraday traders the potential opportunity to play a short-term long trade as shown on the chart. The medium-term perspective is still short: up to the 200-day moving average.
Bitcoin had plummeted from the area of historical highs of 2017. The liquidation was very sharp, however strong trends are not so easy to reverse. The potential support and a better trade location for the long entry is located below
TSM may be ready for the breakout. It has high odds of opening with the bullish gap after the holidays. However, we'd not chase the price and waif for the reasonable price for entry (pullback)
Gold had plummeted this week due to the increasing "risk-on regime" and liquidation of defensive assets (XAU, JPY, USD). The sentiment also has changed to positive due to the upcoming vaccination and expected economic recovery. We expect Gold to bounce from the support (primary scenario), however it may also slip below and turn into consolidation
FSLY is consolidating inside of the resistance area showing relative weakness. It may retrace to the area of the previous low soon giving a decent short entry opportunity.
Kirkland Lake Gold is a decent buy opportunity. The company produces gold from mines in Canada and Australia. It has a correlation with Gold (which will benefit from any rise of volatility) but has strong fundamentals, which keeps it steady when Gold declines. From my perspective, it can renew historical highs even if Gold consolidates. A decent buy opportunity.