laughingchartist

laughingchartist

This is an analysis for a client Technical indicators show room for further bearish downside. Please do your own due diligence. Losses can happen so please understand your risks and investment objectives first.

laughingchartist

This analysis is for a client. Looks good for a short as price has looking to break below recent low back in Feb 2021.

laughingchartist Updated 

Gold just did a trendline breakout-pullback followed by price holding above short term ascending trendline support. Technical indicators are bullish as well. Buy XAUUSD Entry: 1739.99 SL: 1727.70

laughingchartist

AUDUSD testing key support and Fibonacci retracement level. A bounce above this support towards resistance could be likely.

laughingchartist Updated 

Long Silver Tactical Price holding above ascending trendline support. Technical indicators are bullish as well. 1st Support: 25.883 2nd Support: 24.188 1st Resistance: 29.857 2nd Resistance: 31.759

laughingchartist

Short S&P Tactical View S&P broke out of ascending trendline support (now resistance). Price has also completed the breakout-pullback-reject move that I always look out for. Now looking to re-enter shorts around the 3735 resistance level for a short towards the 3600.50 support level. This is the healthy correction that I've been telling friends and family...

laughingchartist

This is a cross-index correlation view of the different indices around the world. Mostly between US and Asia. At the time of analysis (20th Sept 2020) the below are my views of the individual indices: S&P - Mixed Russell - Mixed FTSE - Mixed Nikkei - Mixed SHCOMP - Mixed HSI - Bearish STI - Bearish Cheers!

laughingchartist Updated 

Long DBS Entry: 19.11 SL: 18.35 TP: 20.62 DBS dropped quickly to new lows and is currently in a rebound. Fibo and graphical level lining up nicely at the TP level. Price above ascending trendline support and also moving average. This should be a limited push up as I am generally bearish across the global markets.

laughingchartist Updated 

Long GBPAUD Entry: 1.82485 zone TP: 1.85268 SL: 1.81307 Price has just crossed above long term moving average and further, price also reacting above ascending trendline support. I expect a further push up for this pair. Cheers!

laughingchartist Updated 

DXY reacting right below 61.8% Fibo retracement. A further drop now towards support at 99.36 is expected. I expect USD to weaken further over the next few days. I would take this as a guide when looking at all USD related pairs. Cheers and have a great week ahead.

laughingchartist Updated 

Buy EURUSD Entry: 1.06600 SL: 1.06330 Playing a short bounce above graphical support towards resistance which finds confluence with descending trendline resistance and also 61.8% Fibo retracement. A short term trade so I will quickly move my SL to protect my profits at breakeven.

07:16

laughingchartist

S&P analysis: Where do we go from here? Despite the fund injection and emergency rate cut coming from the Fed to hold up the markets, the markets did exactly the opposite and fell lower over the course of last week. This is what I see for now: - If we have really completed a 5-wave impulsive EW movement up, then we are due for a 3-wave (a-b-c) corrective EW...

laughingchartist Updated 

Short GBPUSD Entry: 1.2274 SL: 1.2356 Price holding below its natural moving EMA of 21 period. Further, price is also holding and reacting below descending trendline resistance. With MACD below 0, in a bearish environment. I expect price to drop further towards my target.

laughingchartist Updated 

Short GBPJPY Entry: 136.810 SL: 138.680 Clean, Simple, Concise. That's how I like my charts. Price has been trending downwards. Despite price gapping lower and making a new low, price came back to cover the gap. This was to be expected as gaps are generally covered. This provided me for a re-entry to go with the trend. I currently see price forming sort of a...

laughingchartist Updated 

Short EURNZD Entry: 1.771350 SL: 1.775520 (Decided not to put TP because I believe trading should always be focused more on where we could possibly go wrong) This would be an intraday short. I am of the view that we should see a bearish drop towards my final TP. Price has been drifting lower since the start of the month. Though on the longer term view, i...

laughingchartist Updated 

I expect SGX in the short term to pull back towards 8.70 as long as it is holding below 9.38. After which, we should see a bounce reaction from 8.70 towards the alternative case target at 9.75. Essentially, this is 2 trading ideas in 1. Part 1: SGX to push down towards 8.70 Part 2: SGX to bounce and move higher to 9.75 thereafter. Reason being that price is...

laughingchartist Updated 

Sell on strength Buy: 52.75 SL: 53.65 Price expected to pull back towards 61.8% retracement (entry) before breaking below ascending trendline support and then continuing the drop towards 50.55 level. Price is below what I call the natural moving average and MACD seems to be turning downward, heading into bearish territory as well. Cheers.

laughingchartist Updated 

Long NZDUSD Entry: 0.66195 SL: 0.65820 TP: 0.66800 Price testing 61.8% Fibo retracement level and also ascending trendline support. Breaking above descending trendline resistance will see price explode to the upside target of 0.6680. Trade safe everyone. Cheers.