GENERAL ELECTRIC COMPANY, SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, RENNOVA HEALTH, INC., BANK OF AMERICA CORP, APPLE INC
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
This chart of the Dow Jones Inustrial Average does not bode well for the shot term future. Fact that it has dipped below its 50 day average , and the low close bar of February 8th continues to signal that this market wants to push further down. I don't want to be the doom and gloom guy, I just read it like I see it. Expect more bearish price action in the ...
The USD index is definitely in selling territory. Now, looking at the USD/CAD pair, I see a possible short setting up. IMO, with the price being at or gelow the 50 SMA, a great candlestick with a long top wick, using your best equity management, I propose going short at 10 pips below the Friday Feb 9th low. SL would be at 1 ATR, TP at 100% of the range of the ...
From the monthly time frame we see this pair in a clear down trend. Therefore I would take only short trades on this one. Looking to go short when oversold, clear break of counter trend and maybe a high uturn candlestick pattern. Perhaps around 1.4440 Profit target would be weekly pivot at 1.4268 stop loss 15 pips above high of uturn at 1.4459 Reward: 170 pips