kailevel

kailevel

The weekly chart of the EURUSD shows strength had been building up for several weeks now.

kailevel

Look at the monthly chart, it is clear that the EURUSD had been weak for a long time. However, is the EURUSD turning into a bullish trade? EUR should be a key beneficiary of the de-dollarization trade.

kailevel

I have given up on the idea that GBPUSD will rally out beyond 2.5 and above. Whatever the USD weakness, I think the GBP has its own problems. Within the H1 chart, I see that after a 40 (0.3%) to 110 (0.9%) pips rally, there will be retracement of around 40 pips - within the day. So the entry price is important and we should wait to enter GBPUSD at the right price....

kailevel

The chart shows a clear bullish double bottom chart for USDJPY. USD has gained an edge over JPY - especially since Japan has an export oriented economy and JPY had strengthened significantly last year. Also Japan is a erstwhile ally of USA so it won't join the de-dollarization efforts of Russia, China and Saudi Arabia. The question is how to go long USDJPY...

kailevel

Just a technical view that USDJPY has weakened from its peak in Oct 2022. Also provided the Fib retracement to show that the uptick is done at the .382 level. We should continue to see weakness in the USD as the banking sector continues to show cracks and doubts appear on the Fed's ability to raise rates.

kailevel

I am taking the long Venture trade because I see that the stock had been heavily discounted from $18 to $15 (16%) due to the trade war winds. The chart shows a possible booth forming at $15.

kailevel

Recording this trade: Long Tencent -Entry: $343.80 -Stop: $340.80 -Target: $350.80 . I was quite conflicted while taking this long trade as I was wondering why did Tencent drop when peers like Ping An and Xiaomi were all rallying. There was good news on the trade war side and I did read reports of challenging times for Tencent. I have even considered going short...

kailevel Updated 

Xiaomi appears to have hit the bottom and appears to be on the recovery after a morning star session. The DOM also looks good where the buyers are overpowering the sellers. Good for a long market entry for Xiaomi: - Entry: 10.22 - SL: 9.66 - TP: 11.61 Not sure what is the fundamentals behind it? - New products? - Oversold? - Thawing of the trade war between...

kailevel

Long Facebook I don't have fancy charts but the recent candlestick chart is clear that Facebook had completed its double bottom reversal to turn bullish. This is confirmed when Facebook went above $171 today in a continuation of the bullish pattern. Facebook also announced superb results despite the negative privacy news about it. Finally, it would appear that the...