JamesInterstellarTrading

JamesInterstellarTrading

This is almost like an arbitrage. Why? We can expect FED to not raise the rate hike especially after the durable goods data release today was apparently not good putting pressure on the central bank to remain dovish. In addition the BREXIT effect is still in effect. Plus, tomorrow we have BOJ rate decision which we can expect them to remain either stable or...

JamesInterstellarTrading

The price is testing EMA 89 which I consider this line as a medium period moving average in the day time frame. I speculate that the price will make a rebound back a little bit on next week, but I'd remain neutral though as RSI has not make a clear move yet in either up or down (Oversold or Overbought), but one interesting thing to point out about the RSI is the...

JamesInterstellarTrading

The index was able to bounce back from the lower Keltner channel this is actually a very good sign. I suspect that the index would go higher to somewhere around 2154.xx I'd suggest not to make a trade as there is a very limited upside.

JamesInterstellarTrading

The overall trend is still an uptrend very interesting if it can go above this line.