GBPAUD H4 - Still half the clock left on the remaining H4 candle. But actively looking like we are breaking the significant resistance region, a close above, and retest would be good for long opportunities, very similar to the GBPCAD analysis just posted!
AUDCAD H4 - As we mentioned on the EA analysis, AUD seeing corrections, pulling back to our S/R zone and ascending trendline support. Would be good to see another bounce from here and another wave upside setting new highs.
EURAUD H4 - Corrections now being seen on AUD and NZD. Fibs acting as resistance here on EA, looking to find resistance almost around current price, or around our final 618 trading zone.
#ICICI ,#BANKNIFTY #BANK #NIFTY50 IF open positive ,short term upside
FA, - FinTech Revolution (WZR left behind while the punters bet on BNPL) - Loan origination spikes 48% in June 2020. Consistent uptrend - Wisr Ecosystem up 52% - 42.4 Million in Cash - Great vision: Improve financial wellness in Australians. - Strong support from NAB - Good management team including CEO Anthony Nantes - Cool name and logo ( It’s vital for long...
Although Capital One is involved with more than consumer credit cards, it doesn't feel like a great place to be with record unemployment -- while unpopular, I am taking the gamble that the longer term trend is closer to '08 style credit crisis. The indicators line up, as well as the exact price levels. If this sells off (starting with poor earnings next week?) and...
I’ve been watching this for quite some time. Fundamental analysis has been hit and miss because the Information provided from Ripple, in terms of utility, has been spotty and confirmation of clients utilizing the ODL hasn’t been cut and dry. With that being said, i think some of the near term driving factors are clearer than before. For blockchain companies to...
Bank of America is near a three-month trend line today as the entire market pulls back. $BAC is far from the strongest of the bank stocks, which are a weak sector in general, so it's quite possible it won't hold the support. I've picked up a July 31 option call and set an alert to trigger to me to sell if it crosses below the trend line. Estimize is forecasting...
CADJPY H1 - Also moving really nicely, probably going to find a bit of resistance in the next 10-15 pips or so I imagine, need to break that counter trendline to maintain upside momentum.
STOXX 600 BANKING -as indicated on the chart. the blue highlighted area is a buying opportunity with to much risk for me, so i will not participate, the greater opportunity is a SHORT, i will also not participate. The take away here is that prices can tumble all the way down to the yellow zone and a new normal will emerge in the most devastating deflationary...
Potential for a fakeout here but my hypothesis is that we see new local lows on XLF by the end of 2020. You may think the banking sector looks poised for a rebound if you look at the weekly candles, but the monthly candles look like this dump could just be getting started. Short XLF Entry: $23-25 Stop: 26.50 Target: $18.50 - $13 Assess in October, adjust 18.50
By popular demand, here are my revised predictions for Barclays over the next month or so. I will mark this chart as long, but READ THIS DESCRIPTION . I am not indicating that you long from the get go. Please read my thesis to see when and how you should enter these positions. Barclays hit the initial target I set almost instantly. From there, it's been...
HSBC is the best bank stock to buy and hold right now. Note the hold element in that statement. Take security in the support level mapped out @ 20.50. This is very likely to hold, but we could be in for some consolidation here. It's very likely that HSBC will hit the target in the 'entry price'. From there, we have two scenarios. One is that it lifts off from...
It could be the best price level to buy and to keep for a few years. The economy is not collapsing yet, just a little hiccup caused by a global pandemic But if it breaks the Trendline then I'll recommend every investor to increase their Gold Reserves quickly.
I read an interesting WSJ article this morning on JP Morgan. It seems that CEO Jamie Dimon believes JP Morgan can maintain its dividend even if GDP dips 35% this year. The bank has a large cash pile and a diversified portfolio because Dimon has long been designing JPM to be a "port in a storm." www.wsj.com JPM currently has a 4% dividend. It's possible that if...
The biological crisis has stabilized, but the financial crisis is just beginning. True, the Fed has been injecting huge amounts of money into the financial system via repo and treasury and mortgage bond buying. In just a few weeks we're doing more QE than we did over 8 months back in 2008. That should help prevent outright bank failures, but there's still going to...
OPEC+ failing to cut production Friday was bad, but things are about to get oh so much worse. The Saudis announced today that they are increasing production and entering an all-out price war with Russia. We may soon see US oil prices head toward $20 per barrel. There's broad speculation among analysts that Russia is deliberately trying to collapse oil and gas...
BAC is a STRONG SELL BAC had a failed 3rd Wave like MS Will update. -AB