About meI love Forex Trading and been interested in it for a very long time getting better i think.
Also looking at E commerce of course, those dudes and esses are making fortunes.
Another big learning curve.
Quickest return to previous levels on the whole NZX
Top Company of course but why ?
Will it continue or Crash back down
Transport restricted only essential allowed.
No one to recieve anyway.
It has 250 locations around the globe which are also stuffed so go figure.
Looking to the optimistic future i guess.
Patterns within Patterns
Demand Down by 20 million barrels
No where to put it all
They all going to be offering Oil for Cheep to get sales storing Oil is expensive.
Economies won't be getting back to any type of production/consumption for some time months and months and months if you ask me.
No vacine for 1.5 years experts say.
India Locked down...
Impact of this virus hasn't even started to show businesses all over the world closing down like Itally, New Zealand the whole country is going into a 4 wk isolation from 25th March only essential businesses to stay open Food producers Supermarkets some home supplies stores like the Warehouse Police Medical Chemist, more and more countries to follow, they have to,...
Monday Open 23/03/2020
World getting worse by the sound of this mornings News 2000 dead in Italy over the weekend, businesses shutting down especially shops on the street some big names and many many Airlines Emirates included more businesses will follow for sure.
Cash flow chain broken = Recession.
If this isn't the ultimate recipe for a recession i don't know...
Hardly no one traveling
Airlines closing dwn most of there operations
Countries/People in forced Isolation
Bussinesses laying off workers
Are these Bullish times arh No!
Pattern looks ready to drop
Previous Support broken
Price projection similar pattern 2008
As we know UK not looking very good in Peoples eyes.
USD hero of the day new safe re newed safe haven.
Corona not going away yet London been pushing down hard since open.
USD Strong on Currency meter yest and today GBP not.
Broken blue long term trend line
T1 is measured projection
1/ Cornas not getting any better some think this is just the beginning they say ALL countries will stop (BAN) flow of people in and out of their countries (one guy did anyway)
2/ Vaccines take 1.5 to 2 years to get too market extensive testing is required by law and last thing people want is to kill...
I reckon this is rolling over for sure and will return to previous level but playing it safe.
It is actually heading up if ya ask me plenty of room Elipse type thing on the weekly.
That is why i have only 2 targets because it is stepping up.
Basically Parabolic more Parabolic the more chance it will return.
Appears to me people are stepping in or Robots buying the big dip.
People are recovering quickly even without meds, only really effects the elderly.
But economically doesn't make sense to go back to all time highs yet what about China not being at work for at least a month it has effected all sorts of industries, but worry about that next quarter i...