Good day, friends!
I would like to show how I will trade the Nasdaq index.
Now they are artificially trying to push Nasdaq lower in order to bring it to the historical maximum for the elections since Trump wants to take the merits of the sector on himself and thinks that this will help him in the elections.
Reasons for draining America's indices only 3:
Briefly and clearly.
We can observe that we are on a very strong support (since July 2008) and, in my understanding, there is the possibility of a strong reversal, as traders have been draining the dollar for several months ... (a clear drain can be observed in the USD/CHF pair.)
In my understanding, big players will buy the dollar and close their positions that...
Today I would like to talk about Ray Dalio and problems on the global economy.
(not sure if he needs the introduction)
Ray Dalio is the founder of Bridgewater. Bridgewater has raised over $ 58 billion for his clients.
Bloomberg managed to access the message to their clients. And as it is now accepted there were found very gloomy forecasts regarding...
As we can see some time ago, I set a certain trend channel conjugated with three EMA 200/50/20 levels and Fibonacci levels, and recently the chart has been respecting this channel.
Further development of price changes directly depends on the DXY. In my understanding, if the dollar index breaks through the resistance level (which it did on Thursday) (but...
Has been closely watching price changes in the dollar index lately ...
This situation scares me very much since I do not see what can happen to the market in the near future.
Ray Dalio said that we are ending a long-term cycle and where no fund can control the market's mutation (of course, except for the federal reserve).
If we rely on a logical point...
Briefly and clearly.
According to my observations, the SPX index is least susceptible to volatility and has a clear picture of the development of events.
I think the United States will push the indices to a new maximum since we have a very strong mess ahead of us in the second half of the year, these are the Financial Reports and the US presidential election,...
Recently, there has been a lot of news about the fact that oil futures have recently doubled after the last fall, that JP Morgan has earned a couple of billions, and so on and so forth.
It is a rumor that oil will fall again to $ 20 per barrel, I honestly do not really believe in this scenario, since oil is not only a trading product but has a certain influence...
Briefly and clearly. Nasdaq (US100) is trading in this price range, where at the bottom it has EMA levels of 50/100/200
I do not force anyone to trade, but I would not risk selling even when it reached a historical maximum, I would always expect a strong correction and buy in large volumes.
At that moment, when the Federal Reserve launched the lending option and...
Recently, we have been observing a lot of fundamental events related to oil, such as the urgent meeting of OPEC /+ and the news of a cut of 9.7 million barrels per day. I will not expound the entire chronicle of events since it is very easy to find it on the Internet. In my opinion, oil this year should reach a level of $ 65 per barrel.
The Russians and the...
After a market meltdown, we are now in the situation of a nice correction, price action creating a W pattern and reached previous major gap opening.
Furthermore, from a technical perspective price reached the 61 golden ratio fib of the previous impulse, aligned with the 200MA and of course, previous structure which means there is a very high probability of...
Following the SPX and DJI, the Us tech 100 composite is expected to drop to the 2018 low.
Pandemic news strike the global markets on a daily basis now, over 200 k persons infected by the COVID-19 virus, curve still in uptrend.
Even with the Fed implications and low to zero interest rates, we expect further downside continuation for the US Indexes.
With over 300...
Europe Markets entering strong bearish momentum.
France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks.
France, Spain, Germany following Italy's state of emergency.
We expect now a lower low of the CAC 40 Index.
At the correction move to 4600, we can start shorting the Index with the...
Fundamentals can be hard to trade and are almost always of no logical predictable direction. So how can we trade fundamental news and events?
This question can be answered in many ways. However, we want to put an accent now on high impact fundamental events that are impacting an economy in the longer term, and not daily data releases/news which create almost none...
We still want to see Gold retrace to $1.400 this year.
Now there were a lot of fundamentals that heavily impacted this commodity lately. And pushed the price to new yearly highs, a lot of speculation involved.
Our view remains the same.
We don't see concrete signs of a recession, fed rate cuts are also not concrete, the COVID- 19 news is the only factor of...
Traders, as you already know due to the lately COVID-19 outbreak markets started to fall for the recent week. The Virus fears raise as the"W.H.O." raises coronavirus threat assessment, now says virus poses a ‘very high’ risk at a global level" - cnbc.com.
Price is now trading at a previous strong demand area, already retested the 8.200 level.
We now expect the...
The US Natural Gas is now trading at a monthly low. From a technical perspective, price is now trading in the accumulation zone, MA's about to cross we expect the next push to the upside.
Price is growing with increasing volume, now retraced to the previous resistance now acting as support. Therefore we will long the commodity at the price of $1.89 per cubic...
The US 100 composite is now correcting from its monthly rally. The market remains still bullish.
We want to catch the retest of the high, price is now trading at the hourly 200MA.
Therefore we will long, with the price target of 9700.
We will place buy limit order at price 9530, at demand area.
Traders if you follow this idea, we recommend entering with...
Complete meltdown for the pair, banks took the price down without any sign of correction.
Now, COT data shows bearish EUR against the USD on the long term.
Their reaction due to recent fundamentals:
USD gained strength once again because of Trumps business conditions imposed to China.
- tweet on 18feb.
Chinese Economy suffering from virus related factors.