Crucial level to watch, a bounce and move above we may have a bottom, below it has potential back to the 180 level.
Will be taking a long position on GBP/USD based on the following reasons: - Bullish hammer candle on Weekly TF. - Rejection of 0.786 fib - Respected ascending trendline You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is...
A Tweet from Tracy Alloway with Bloomberg caught my eye this morning (twitter.com). She points out that the one-month VIX just tipped over the 3-month VXV. While this has happened many times in the past, I did notice that there is a rather large divergence between the VXV/VIX ratio and the SPX right now. The chart says it all folks. This certainly doesn't...
JUNE PROMO: www.StarProsper.com PAIR: NZD/JPY TIME-FRAME: 15M TRADE: BAT PATTERN NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
JUNE PROMO: www.StarProsper.com PAIR: AUD/JPY TIME-FRAME: 15M TRADE: GARTLEY PATTERN NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
JUNE PROMO: www.StarProsper.com PAIR: USD/JPY TIME-FRAME: 15M TRADE: Gartley Pattern NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Nice rejections around Monthly/Weekly/Daily Support levels. If can sustain this momentum we can see higher prices
Major part of the rally in US stocks since late 2012 appears to have been fuelled by Yen carry trade. Remember Bank of Japan was the first one to fire and the stage was set after Abe came to power. BOJ announced easing in April 2013 and followed it with another surprise in October 2014. BOJ's aggressive actions also forced ECB and other central banks to press the...
JUNE PROMO: www.StarProsper.com PAIR: NZD/JPY TIME-FRAME: 4HR TRADE: GARTLEY PATTERN Taking a look at the markets this morning and have come across a Deep Gartley pattern on the NZD/JPY. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
Does it get any better than trading on EURUSD on the NFP Friday? With such strength within the US market and such instability within the European sector we strongly recommend you get in on this action today. Short term signals are very SHORT based. Everything long term from end of day and end of month is all LONG. Get in touch for more banter!
PAIR: USD/CAD TIME-FRAME: 1HR TRADE: POTENTIAL LONG OPPORTUNITY In the Live Room with our Star Community, we decided to post one of our Trading ideas for everyone to follow along with. Patience pays. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
Resistance – $1230, $1236, $1249 Support – $1224.60, $1215.33, $1200 Doji formation on daily chart adds credence to a possibility of minor technical correction in gold, although prices failed near daily 5-MA in Asia. This if followed by a move below Asian session low of $1224.60 would open doors for a slide to daily 100-MA level of $1215.33. ...
Nifty advanced today in line with positive global cues and also marked its third gap up opening of the current rally from February lows. For me, a third gap up opening is usually a sign of reversal in a sense that "dumb money" has entered into markets. This view would gain further credence if the index fails to take out/sustain above inverse head and shoulder...
Resistance – 6200, 6244, 6311 Support – 6119, 6050, 6000 FTSE’s rebound from 6119 (38.2% of Apr 2015 high-Feb 2016 low) if followed by a day end closing today above daily 200-SMA of 6149 would signal short-term bearish invalidation and open doors for a rise to 6208 (23.6% of Feb low-Apr high). On the lower side, rejection at daily 200-SMA followed by...
Resistance - $48.80, $49.81-50, $52.00 Support - $47.72, $47.36, $46.74 Brent’s bearish price RSI divergence on the daily chart, followed by a bearish crossover between hourly 50-SMA and 100-SMA is likely to keep the prices under pressure. However, bears need to watch out for a rebound from $48.26 followed by a recovery above key hurdle of $48.80 as...
Chart describes relationship with Federal Funds Rate X Federal Reserve US Bond Holdings vs. S&P 500 Increasingly throughout the years markets behavior has been dictated by actions of US Central Bank Federal Reserve. Following actions and words of Federal Reserve officials have been important elements in forecasting overall market behavior and direction.
Support – $46.72, $45.32, $43.89 Resistance - $48.26, $48.73, $49.81 Brent’s move lower yesterday has confirmed a bearish price RSI divergence on the daily chart, thus indicating prices could move lower to support at $46.72 and $45.32. Intraday bearish invalidation is seen only if prices move back above Asian session high of $48.73, in which case...
Markets appeared to have changed their tune regarding Fed interest rate outlook after US data released on Friday showed retail sales in April jumped by most in a year. Even before the data release, a significant minority was expecting Fed to move rates in June/September if wage price inflation strengthens. The week ahead is a busy one for the markets as US CPI...