About me14+ Years analyzing and trading FX, Commodities and Equities, Worked with top Financial firms globally such as Thomson Reuters, Currently Market & technical Analyst and for a UK financial advisory firm and also for one of the top MENA investment firms.
A quick trade can be done with an entry around the 7375 short where it meets the 0.78 Fib retracement.
Targeting the 7150 as an initial target break to the 7375 to the upside will render this trade setup void.
NYSE: COP - CONOCOPHILIPS
COP has been seeing decent momentum to the upside with buyers beginning to regain control of price.
Buyers will be looking to breach the 63.70-64.00 and keep price above, if price maintains above these levels, it is expected to target the 69.50 as a 1st target then eventually aim for the 73.50 and the 76.30.
This trade setup...
After pushing lower, Price is finding some support on the 200EMA and if it cant breakthrough, with divergence setting up on the MACD as well as the squeeze, we might be looking at a quick retracement into the 1.3070-1.3090 where a Downtrend line is set up. of course, this is an against the trend trade so trade with caution. Also, the GBP and the USD...
UPS has been trading nicely in this short term upward channel, price is looking to bounce off the lower boundary and head again to the upper boundary targeting 127.50.
A break lower will make this trade idea void.
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Even after a strong push to the upside, price was not able to push beyond the channel upper boundary.
If buyers were not able to push beyond the 7450, price will continue to push lower targeting the 6850 the lower boundary of the channel.
Well The EURUSD wasn't able to push higher and broke the channel found some support on the 200EMA, it is expected to retest the broken channel which will be around the 1.1150.
From there price can be expected to push lower to target the 1.1045 close to around 95 pips.
On the other hand if buyers were able to push higher than the channel, then...
NYSE: DRH DiamondRock Hospitality
An inverted HnS neckline was broken on the 16th which will make price target the 11.75 then the 12.15.
Aggressively one can enter now but more conservative traders can look for a retracement back into the neckline but this might not occur if price continues to rally.
Day trade is setting up for the EURUSD, IF price holds on the lower boundaries of this upward channel, price is expected to push higher towards the 1.1185 as a first target then the upwards boundary of the channel sitting at around 1.2100.
While it is less unlikely but if price breaks below the channel as well as the 200EMA, price is expected...
A day trade on the GBPUSD is setting up,
Price broke below the upward TL lower and is setting up to break the 1.3115, before breaking price might retrace to retest the upward trendline before pushing lower.
This comes after Boris Johnson and his cabinet plan to introduce a law which if approved will not allow the UK to ask for an extension in...
NYSE: GFI Gold Fields LTD
Price is looking to push beyond the 6.25 which is considered a strong resistance point. A break to this area will take price to target 7.40 as a first target (Fib Target) the second target will be 8.15.
While it seems more likely to break above, if the market fails to break above the 6.25, price is expected to retrace to find...
Price has been trading within an upward channel for a month now with price trying to find support around the lower boundary.
If price is able to breach the 200 EMA around 1465, it will look to target the upper boundary of 1490 while meeting some resistance on the 1475 area.
on the other hand, if price fails to push upwards and breaks lower,...
Price has formed a nice inverted head and shoulders and was able to break it retest the neck lined and push higher.
Currently, buyers are looking to breach the 45.00 area which is the bump on the road to the target price of 48.00
Suncor Energy is looking to set up to the upside with buyers trying to push beyond the 32.50 area which is considered a strong resistance area.
if buyers are able to breach this area it'll be expected to target the 37.90 area - If we take a look at the MACD we find the indicator is beginning to stay above the zero line as well as the RSI is more inclined...
CAT Nyse is looking to continue the push to the upside after breaking the downward Trend, I took the depth between the low and the downward trend and projected a price target. After a higher low and a Higher high which is clearly shown on the chart gives us a better probability that a continuation move is expected to the upside.
Also if we look at the...
USDJPY on the 1HR is looking for a quick push to the downside.
Sellers are looking to break the 108.45 to the downside which will take price to 108.25 as a first target then 107.95.
on the other hand, if they fail to break it, a retracement back into the small Downtrend line sitting at 108.80 can be expected while the break lower is more probable.
Price was able to breach the downward channel that continued since a year back, Buyers were able to break the 200EMA as well.
If price is able to stay above the 200EMA price is expected to target the 24.00 area, but will be expected to meet resistance around the 20.60 and the 21.00 area’s
Stop-loss should be below the 200EMA sitting at 19.00.
BTC has pushed below the 200EMA with it starting to look a bit weaker.
Price is looking to push beyond the 7700 to the upside but it seems that it has a lot of bumps along the way at the 7750 as well as the 8550.
The outlook I am expecting is if buyers are not able to breach the 7750 or 8550, sellers will be looking for an opportunity to take...
With record sales achieved by Ali Baba last Xmas and looking for a good season this year as well,(price rallied from the begging of DEC 2018 till April 2019 (130-190))
Price was able to break the sym Triangle which is currently starting a really that is expected to take price towards 212 as an initial target (previous high) then with enough momentum...