In the past two Oil collapse, price bottomed out at around 76% from the top. Two days ago, price reached 76% decline as crude oil may contracts went negative. For those who argue that this collapse is different, we know for sure that eventually people will start to drive again and demand will return. Therefore, weather or not this is the bottom will solely depend...
Trade Idea: Price is testing key support right now. Not much to say here but to follow the market response if price fails to break this level. Now that volatility has declined to a relatively low level, look for a potential swing to the upside.
The EURUSD pair has been trading in this trend since mid of 2018. Despite price breaking the trend at the beginning of March as volatility grips all markets, the trend remains intact. This is evident with the price reacting very quickly to resistance level of the trend indicated in the highlighted area as market calm. Now that price is...
Level of volatility was at the highest level since 2008 on Monday. This coincide with the fastest 20% decline in the market history. Where the market has never seen this level of volatility and speed of decline since the Great Financial Crisis.
Despite this extreme move, some might speculate that the market will bottom soon evident with the peak caused by the...
Price rebounded quickly after touching the 200 day moving average on Feb 28. For this reason, the market will mostly likely see the 200 day moving average as a major support level. For that reason, a break below this level will be difficult. On the other hand, if price does manage to break below 200, it will be inferred by traders as very strong bearish signal.
Price is once again back at final resistance level of the channel trend after testing this level just two weeks ago. Despite the US dollar dropping relatively hard the last few days, the pair pushed back up to final resistance. This suggest that the fall in oil price is the main reason behind push back to final resistance level.
Price plummeted sharply after Q4 earning due to poor guidance to profitability. Now price has once gain for the third time return to test final support level of the trend. If price fails to break lower, look for a swing to the upside.
Entry: 44.50 to 46.00
Stop loss: 43.00
Price has been in a downward trend since the start of this year. This is due to the market pricing in less demand in flying due to the corona virus. For this reason price has fallen to key support just above 200 MA. Look for a swing to the topside of the trend as market sentiment recovers. Cut loss if price consolidates below 200 MA.
Oil has consolidated at new support level at $49.30. Where price traded at support level for over a week. Now price has rebounded not too far from the next resistance level. Look for a potential swing to top side of the trend. This scenario has three key fundamentals to keep in mind being trade war, corona virus, market risk appetite and supply...
Risk/Reward: $1 =$7
GULF ETF tracks middle east corporations with strong dividend. With oil price plummeting over the month, it has pushed the this ETF to final support level. Look for positron bounce to the upside, especially oil price recovers soon.
Oil has managed to once again move back to the topside of the bullish channel. The move to the highest level in 3 months comes as the stock market across the globe breaks all time high. Look for a potential bearish reversal, especially with the up coming EIA US crude oil inventory data coming out later today.
Entry: 60.50 -...
Like most of the USD pair, price has moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal.
Entry: 14.3000 - 14.5000
Stop loss: 14.2500
Price moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal.
Entry: 1.35200 - 135600
Stop loss: 1.35000
Price continues to move higher alongside global equity market. The risk on we're seeing is causing the Swiss Franc, a currency known to be a safe heaven, to devalue since mid November. As price approaches final resistance level, look for a potential reversal. Keep in mind that the pair will most likely reverse alongside a broad global market...
With global markets concluding to surge, price could to slightly. Nevertheless, that gives rise for bearish several following this trend.
Entry: 57.30 - 58.2
Price is testing key resistance level of a broadening triangle structure. Look for a bullish reversal to test the topside of the triangle trend.
Time frame: 1H
Length of Trade: 1 day to 1 week
Entry: Between 1.11200 - 1.11300