EmpowerTrader

EmpowerTrader

Introduction to Trade Step-up: Price saw a sharp recovery at the end of September from the bottom of the final support level. Since then price has been trading in a downwards following the current trend which scans back to April of which back. Trade Step-Step: Bearish Breakout: Price consolidates below the neutral level. Profit level to look for any where bye...

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USDSGD has tested key support three times in November, in which price quickly rebound after reaching this level. This is significant as quick rebounds indicate bullish sentiment, as buyers continue buy at dips. This is further evident by the fact that price has been trading in a channel trend since June of this year. Going forward, you must look closely to the...

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Gold has fallen sharply today as global markets recover slightly. Now price is currently in a pullback, in which price could be vulnerable for another break to test the final support level. Nevertheless, gold could recover sharply this week if global markets return to red. After all, we cannot forget that the market sell-off last week signal that sentiment is...

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Hertz surged to the final resistance level last week after Q3 report was announced. Now price has been consolidating in a narrow range ever since. This indicates that a sharp move could be coming soon. In addition, the current market correction isn't over yet. This means that a turn back to the bears could initiate a reversal. Trade Step-ups: Bearish...

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Copper price has beeb trading in a bearish channel since the start of October. Now price is trading back at key resistance once again. Look closely to the performance of Chinese large caps for future headway for Copper. Nevertheless, with trade war still looming large, a bearish reversal seems to be the most likely scenario. Trade Step-ups: Bearish Reversal: ...

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The pair has fallen sharply during the month of October & November, amid change in risk sentiment. Although price saw a nice pullback yesterday, price is now back at final support level. In addition, Theresa May is currently seeking cabinet support for the Brexit deal right now. The meeting is running two hours over its intended time. Where Theresa May is expected...

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The S&P500 index had a strong recovery last week as price surged from October lows. In which we saw the index gained by as much as 9%. Now price has been trading downwards ever since, indicating a pullback. In addition, there is also a sizable GAP that has yet to be filled back in October. Thus, look for a continued pullback before a another bull swing occurs. ...

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The Shanghai index set a new low this year bottomed out at 2443.00 last Monday. Where price has surged nicely last week, ending the week with 5.5% gain. Now price has been trading just underneath key resistance for just a day now. With US election coming out bullish for the US market, the only major concern now in the global market is trade war. Trade Step-ups:...

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The AUDUSD gained sharply at the beginning of November align with a recovery Chinese markets. Now price is trading in the upper range of the bearish channel. With trade war still looming large, AUD could saw strong bears a head. Therefore, look for trade war news and performance of Chinese markets for head way for price action. Bearish signals could trigger a...

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Price fell sharply during October amid risk aversion from global stock market correction. As a result, EURAUD has fallen by as much as 5%. Now price is trading at one of the major support level. Look for a potential bullish reversal as global market stabilizes. Trade Step-ups: Bullish Reversal: Price rejects a break from the finally support level. Meaning...

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Twitter stock started to surge to the topside of the channel on October 25th. Where the company announced earnings significantly higher than the market estimates (Tradingview estimates shows Q3 earning at 3476.56% surprise...). Now price is testing final resistance level of the bearish trend. A pullback in the market specifically the Nasdaq could preasure a...

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Last week, price had a nice recovery by ending the week with at least 3.5% gain, after bottoming out at 260.00 last Monday. Now price is trading just under the topside level of the bearish channel. With elections tomorrow, the market is bound to enter a period of very high volatility. This means that price could easily reverse back to the bottom level of the trend...

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Last week, price tested 2018 low. Where price quickly surged after reaching this level. Now price is trade lower and lower as volume and volatility declines. In addition, EURUSD has been correlating with the stock market recently due to risk-aversion. For now, the two prices are correlating, indicating that there are still uncertainty in the market. Trade...

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Bitcoin Cash surged by 30% in 48 hours after good news coming of exchanges and wallets regarding a hard fork on November 15. Nevertheless, there are no catalyst going head for Bitcoin cash as the bearish market is still on. Trade Step-ups: Bearish Reversal: Price rejects a breakout from current bearish trend, look for a swing to the bottom level of the...

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Ethereum price surged to final resistance level on mid October. Since then price has been moving lower and lower from its high of 243.00 to 193.00. With volume and volatility at a relatively low level (under ATR on the 1H chart), price is bound to make a sharp move soon. This is critical because a move to either side will strongly indicate how the market...

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Like gold, silver surged the last two weeks amid a global stock market correction. Now price is testing final resistance level of the trend. Follow the performance of the stock market & bonds closely, as a recovery in these assets will be very bearish for gold. Trade Step-ups: Bearish Reversal: Price rejects a breakout from the current trend. Profit levels...

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Barrick Gold Corporation surged in the last two week as gold rises amid a global stock market correction. Where the stock price high rocketed to see gains as high as 26%. Now price is trading at key resistance of the bearish channel. Look closely to the performance of gold for the direction of price. Trade Step-ups: Bearish Reversal: Price rejects a...

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Gold rise this month amid a global stock market correction. Where price surged by as much as 4.8%. Yesterday, gold price dropped sharply to touch key support level due to a recovery in the stock market. Now, price has bounced from key support and is back at the topside of the channel trend. Look closely to the performance of the stock market and bonds, as a strong...