Potential cup and handle pattern on the 1-hour chart (For GBP/USD). Also a likely breakthrough on the 1.250-1.252 resistance level of risk-on optimism continues globally and USD weakness continues. Note: My analysis is NOT professional investment advice, so please take responsibility for your own actions.
Price is in a rising channel at resistance that was rejected today. Will be watching for a breakout of the channel along with structure to confirm a move to the downside will occur.
H4 on ten year is holding overbought while H1 ping pongs between the 2 zones of over sold overbought. Daily is still way oversold. The blue line is SP500. Analysis we r in the melt up of this bull market since march. Trade quick take profits buy the big dip coming
We've had a bounce at the 119.50 level and a convincing move to the upside on the daily chart which coincides with the highs from late March before the COVID move south. Open longs once 121 level broken (in line with the green elipse) for profits north of 200 pips up to previous highs of 123.90. Be wary of negative news from EU around upsurges in COVID-19 cases...
took a long on HEXO TP is around $3.60 after hitting $2 resistance I will probably sell and renter.
Blue line is the 10 yr, they should start to diverge as yields rise and VIX falls. (in the perfect bull world)
I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards. Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets. The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of...
Technically - On a strong resistance --> Hopeful to see slight retest before break up to levels before Covid-19 Fundamentals - Risk on --> Economies around the world are opening up, this will potentially result to selloff in safe havens assets like Japanese Yen and Gold, this will likely result in medium term selloff of JPY against other countries currencies NZD...
Technically - The price has retested the channel support which implies that there is a possibility for pull back. - Also the momentum is still strong as can be noticed from MACD 4C - The 30 period MA is sloping upward Fundamentally - The economies are opening up from Covid19 pandemic which will likely boost demand and Oil price - On the supply side, the crude...
Don't be fouled by optimistic start to June 2020 be careful of any extension of current rally to the upside with obstacles approaching at 137.000 1. 200 Day - Daily MA (Blue) approaching at present testing the 100 day - Daily MA (Orange). 2. Fib Level at 0.618 will not stop Rally but potential reversal on fundamental pressure from investor attitude and BREXIT...
I have bearish sentiment due to a) Technically - the pair has reached the top and currently in declining stage - the 30 weeks MA looks set to slope downward b) fundametals - risk on i will take a short position below 22 with the target at 20
Market is overall sell so far and bear weighing against bull. Probably we may see some new lower highs and lower lows further.
Bear are ruling the market on this major pair and knowing the fact how well aussie and kiwi buddy of loonie in AUDUSD | NZDUSD performing lately against buck I reckon this two buddies are together counter striking buck viciously. No positive sign for DXY yet and seems total stagnate talking about the price action for that index and the fact how ...
10 year looks ready to break up which could be signaling risk on will be back over the next 2-3 years Fam
Support retested, zone under the green green block proven to be a strong buy zone. Bitcoin pumped on news that the U.S. Fed will be buying anything: www.cnbc.com U.S. equities pumped in pre-market too, but retraced rather quickly. It's a bullish sign that bitcoin did not slink back under support following the news pump. Things I am wary of: - Bitmain 03/27...