Hello
According to the Bitcoin model, the price has been expected to jump to 9500 in the last two days, and will probably start to rise to 8950 and 8900 after a fall with its divergences.
In every case in long term $ is stronger. And the country is nearly to the new default maybe. For Argentina crisis is double. Crisis from outside (World crisis) and crisis inside the country.
As summer approaches, the strength of the covid-19 is likely to weaken as heat kills it. In addition, the price is too low and producer countries will eventually be forced to reduce barrel production.
ARJO closed just over 40sek on Friday, which has been a strong roof since the middle of the 2nd quarter, resulting in a strong opening on Monday followed by alot of resistance but more support. Im hoping that they'll pump 10% to 44sek in at least a month.
With the increasing prices on iron and decreasing prices on steel i still expect a downturn for SSAB until the first quarter of 2020. Part-time personnel are being reduced and a furnace got shut down recently. I expect a turn in the middle of the first quarter of 2020, it isnt ogre yet (shrek is life).
Here you can see my LONG Position on CAD/JPY. We have two entrys in this chart. The secondra is a BIG trade with big STOP LOSS and BIG TAKE PROFIT. We should take a LOW LOT size for the second one.
The FIRST trade is easy with normal LOT! Should go th the trend.
Your MIKL_OWL
No change in my view since previous publish, market are going down usually as expected. The correction in blue wave b converted from flat to triangle and red wave 3 ended at 1.1300 also finished blue wave b of Y. After that we saw a quick decline in last blue wave c and the ideal target for this wave is near 0.8500 area. This area has lot of support as long term...
I thing that the USDCHF can go upper because we broke the daily resistance at 0.982 and also the trend line so the chart can go until the theoretical target at 0.988 that i call first target, then it can go until the monthly resistance at 0.995
Good luck :)
