On the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016...
Overall view on USDCAD. However still be careful with the high impact news.
Possible plays on EURUSD from Monday to NON-FARM Payroll Friday. I'm expecting that it will bounce off the daily trendline around 1.108 levels in the later week and buyers will take over during NFP release.
It appears $SPY might form a reverse-head-and-shoulders pattern by dropping down to resistance at 208.40, to which it bounces back up and breaks upwards resistance at about 211. The contrarian idea is that almost one year ago we saw a reverse-head-and-shoulders pattern that didn't break resistance and shortly collapsed. I'm leaning LONG because it appears that...
Made a nice call on NZDUSD last time and it looks like my predicting lines on the pair is going well. I'm going to short again on NZDUSD, as I believe it will head lower to around 0.6683.
A combination of lukewarm earnings for Q1 and talks of an impending Federal Reserve interest rate hike seem to be slowing down the bullish recovery we've seen in the S&P the past several weeks. On the technical side, notice the failure to attain a new high. In fact SPY has consistently been unable to break new highs going back to May 2015, when the bear market...
i feel this is a neater version of my cable analysis. with the MA'S crossed to the upside on daily and 4hr and bullish price action more recently, i feel a b/o to the upside is very likely. however if price is rejected by that key level, i will be using trend lines & s/r levels as target for a bearish position.
elliot wave combined with fibonacci to create confluence for a bullish target. what do you think?
Might be H&S forming, but also could break higher. Not really sure right now, but it looks like a big move could be underway. MACD looks a bit unclear, CCI appears to be bottoming, RSI looks like it could rebound but near 50. New phone looks to be a bust, and is just meant to be a filler pre-7 release.
First and foremost one should know I am very bearish on oil, as it has paid tremendously the past year to be on the short side. But a true bear should know when to prey and when to hibernate. At this moment I consider myself in hibernation. I am looking to sit out until June of this year before I initiate my big short on crude. So far my analysis has been...
Despite my overall bearish outlook on stocks, Gilead Sciences stands out as the 'Little Engine that Could' in the sense that it keeps chugging along despite being battered by the broader index just after earnings came out late January. On the fundamental side, most analysts think it's way underweight citing that it should be worth as much as 66% more as per the...
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Data from the U.S. has improved by the barest of margins. The New York Fed Consumer Survey finds inflation expectations rising (by less than 1%) above expectations, and the ECB rate cut means lots of free cash to play with. Keep in mind we have the FOMC meeting coming up and their decisions will determine the direction of the markets for the near term. ...
Price has consolidated above monthly support at 112.00 with the weekly chart showing a strong hammer candlestick pattern signaling a reversal is soon due. Along with daily showing us a morning star pattern and bullish engulfing patterns, with a break above the daily trend line shown we are potentially looking at at 117.000 being the target as key weekly and...
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As of March 3rd, Gilead earned a 'buy' rating from Citigroup as verified by the link. It is true that GILD should have performed better after earnings as has been historically demonstrated, but it took a beating with the overall index but failed to share in the rebound. Personally, I think this is a good thing, for you'll note from my previous post here ...