Trade Idea: Buying SPXUSD Reasoning: Crazy move higher on a weaker CPI number? Market expects 7.3%. JPMorgan suggesting a move of <6.9% could see stocks rally by 8-10%?" Entry Level: 3993 Take Profit Level: 4398 Stop Loss: 3907 Risk/Reward: 4.6:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains...
Foot Locker - Medium Term - We look to Sell at 38.81 (stop at 40.86) Trading within a Bearish Channel formation. Price action continued to range between key support & resistance (30.02 - 40.00) although we expect a break of this range soon. Short term momentum is bearish. Preferred trade is to sell into rallies. Our profit targets will be 30.34 and 24.10 ...
Trade Idea: Buying GBPUD Reasoning: Grinding higher Entry Level: 1.2239 Take Profit Level: 1.2334 Stop Loss: 1.2196 Risk/Reward: 2.19:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
The Dxy is following a downward channel, looking for the dxy to continue this trend and looking a short for this week.
It has appeared that a left shoulder has formed, as well as a head, wait for market to break in, close, retest then take the sell opportunity..
Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92) The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred...
Dxy is backing down for a new pair of jordan. All is to run faster and jump higher. Here is the level I expected.
Bank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28) Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward....
US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from...
Ford - Short Term - We look to Sell at 13.89 (stop at 14.82) The medium term bias remains bearish. Broken out of the channel formation to the downside. Selling continued from the 61.8% pullback level of 14.41. The gap open from 14.34 to 13.94 has now been closed. Preferred trade is to sell into rallies. Our profit targets will be 11.01 and 10.40 ...
Potential bounce waiting for us next week, with SPX on decisive point, DXY looks like it might one last run to create lower low. Target: 108-109
The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months. We wait and see what next week has in store for...
Gold is still in an upward trend until the opposite is proven, so the next move is likely to be towards levels above 1800. Gold is inversely linked to the US dollar, so it is likely that the dollar is currently in a state of weakness, but the strength of the dollar is getting sick but not dying. Therefore, caution should be a friend of our trading when we trade...
Hey traders, in the coming week we are monitoring USDCAD for a selling opportunity around 1.345 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Tesla - Short Term - We look to Buy at 177.90 (stop at 163.33) The medium term bias remains bearish. Broken out of the wedge formation to the upside. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Although the...
DXY weekly chart. I find a great time to sell, is when the price breaks the Bollinger channel to the upside. An aggressive strategy for sure, but can nail the tops. IMPORTANT -price can keep climbing so I rebuy if it runs up past my sell. None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all...
Nike Inc - Intraday - We look to Buy at 99.72 (stop at 91.56) Broken out of the channel formation to the upside. We have a Gap open at 99.72 from 10/11/2022 to 11/11/2022. Further upside is expected although we prefer to buy into dips close to the 99.72 level. Expect trading to remain mixed and volatile. Our profit targets will be 118.44 and 139.00 ...
USDCAD Bearish Idea Daily Trend: Bearish 4hour Trend: Bearish 1hour Trend: Bearish Trade scenario 1: We are looking bearish on all higher timeframe. Looking for continuation after a lower high forms at 1.33000. Trade scenario 2: Price can break back above the resistance and continue upside. Look for long entries after higher low confirmation at 1.33000.