JICPT

JICPT Updated 

Hello everyone, it's been a while since I published the last trade idea. Gold has been in a strong upward trend since last November against the backdrop of weakening US dollar index. I've add two lines in the chart for reference. Yellow line : the US dollar index. As we know, gold is priced in USD. Hence, gold and the USD normally has a negative correlation....

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Hello everyone. Dollar index has retreated from the high around 114 created in late September when investors expected inflation would be cooling soon. To make it clear, I also inserted U.S core CPI year-over-year data on the weekly chart. You can refer to the purple line. Obviously, The dollar index moved in line with the CPI data. Both topped around the same...

JICPT Updated 

Hello everyone. It's been a while since I published last trade idea. I've been very busy helping clients to review their portfolios in December. EURUSD got my attention as it tested the key structure of the bull flag pattern. I marked two support zones in yellow color with the lower one expected to be not so easy to break. Looking at the daily chart, you can...

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Hello everyone. It's been a while since I published trade idea last time. Recently, Hong Kong market and mainland got my attention, not because I have exposure to those market, but the turning point is forming or was formed. There is no doubt that HSI is cheap. It didn't benefit too much from the QE policies implemented by central banks around the world. It...

JICPT Updated 

Hello everyone. Last Friday's better-than-expected job report triggered another sell-off amid concern of how much fed would increase the interest rate to contain inflation. It's painful for tech-related stocks even those with tons of cash on their account. Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a...

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Hello everyone. USDJPY has retreated from 152ish due to the intervention of Japanese government. In my view, the intervention may temporarily weighed on the pair, however, it won't prevent it go up further. The possible level it might go is 160. Why long USDJPY might become the best strategy of the year? Let's look at the left chart, containing two lines, with...

JICPT Updated 

Hello everyone. Euro has been struggling around 1 against the dollar for sometime. This is a simple short setup on the daily chart with reasons below: 1. Downtrend line 2. 61.8% fib retracement 3. not bad supply zone I'd like to set an alert round the zone. Zoom in on the 4H or 1H for reversal pattern. Fundamentally, I do think the worst is yet to come....

JICPT Updated 

Hello everyone. My latest published idea with the title of USDCNH is likely to test 7.01, is absolutely right. Now the upper boundary of the range(7.01) has been conquered. What's next? On the fundamental side, CNH is expected to be weaken due to the loose monetary policy to support the economy. I think China and Japan are the two major powers in the world...

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Hello everyone. NQ has been down by more than 13% since Sept. 13th. Now sellers look to take a breath around previous low created in June after massive sell-off. With the confluence of previous low, I also noticed that ab=cd pattern formed. The tech-heavy index is likely to rebound to level 12041- 12174 which happens to be 61.8% fib level. What do you think?...

JICPT Updated 

Hello everyone. USDCNH has been moving sideways for the past 3 months until the weaker-than-expected July economic data released this week. In addition, the unexpected rate cut to MLF gave a boost to the pair. The offshore Chinese currency fell sharply against the dollar by over 700 bps. Now, it pulled back from the previous high around 6.83. Technically, the...

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Hello everyone. NQ has been retreated from key fib level of around 13744 last Wednesday. Now, it's approaching the nearest demand zone on the daily(12740-12930). That's a 210 points wide range, coincided with flip level. I would like to see if the zone will the respected. If so, Previous high around 13744 would be the short-term target. It'll be a volatile...

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Hello everyone. GBPAUD has formed a sideway structure on the daily chart. So, simply put, I'd like to adopt buy-low-sell-high strategy. It works until it doesn't. Just be careful of the position size. What do you think? Give me a like if you're with me.

JICPT Updated 

Hello everyone. Fear of recession has been the major concerns of investors. By looking at the bumpy Us 10y yield chart, it has dropped from 3.48% to the current 2.67% . Obviously, the focus has shifted from supply chain issues and inflation. TVC:US10Y Now, bullish oil buyers are worried about the future economy with the recession looms. The negative oil...

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Hello everyone. It's been volatile for the past few days, especially after the higher-than-expected inflation came out last week. Investors were pretty concerned of the possible 1% rate hike. Two fed officials lowered the possibility that buyers came in again to try to take the control back. With a higher low and same high structure formed on the daily, I think...

JICPT Updated 

Hello everyone. US 10Y yield has been up by a lot since middle of last year due to inflation issues. US oil posted incredible performance due to supply issues caused by the conflict between Russia and Ukraine. Now, both of them fell a lot today. I also noted gold also dipped. Only dollar is rising today. I've been through this several times in the past few...

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Hello everyone. It's been days to revisit of Hang Seng index. On the daily chart, we can clearly see that downtrend has been terminated with serious of higher highs and higher lows. As HSI has been down for almost 3 year, it is probably the worst performing stock index in the market. An economic recovery of mainland, as well as inspection completion of the...

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Hello everyone. There is a lot of news circulating in the crypto market, from the sudden crash of Terra luna to the 3AC liquidation. It seems buyers are reluctant to get in after 70%+ drop of BTC based on the volume market in the chart. Where could it go? It could be on the way to test $15500 by measured move. In the short term, I don't see any rebound happen...

JICPT Updated 

Hello everyone. First of all, I'm bearish on EURUSD from long-term perspective, but it doesn't mean we couldn't find good bullish setup for trading, especially when the pair rebounded from the low around 1.3 created in Dec of 2016. On the daily chart, EURUSD is on the uptrend as it took over the recent high as well as the downtrend line. Sellers' pressure came...