FXTraderPaul

FXTraderPaul

This is for Carlos who requested I take a look at USDHKD on one of the recent Monday Market Updates. This weekly USDHKD chart shows the boundaries of the currency over the last few years as it moves between its upper boundary at 7.85, and its lower boundary at 7.75. Presently we've seen a grind north from the lower boundary this year and we're presently hitting...

FXTraderPaul

On yesterdays Monday Market Update we covered $TSLA and how Musk's tweet over the weekend would induce volatility and a possible sell-off. We said it would be one to watch this week. Hey presto, that's what we've gotten! This is a 2 Hour Chart that shows Fridays top before gapping down yesterday and then when it couldn't fill the gap, more selling emerged. At...

FXTraderPaul

Hey traders, Here is an interesting daily chart of Porsche. You can see that price, having rallied past recent highs in the region of E96, performed a double-top off the 100 Euro area. We know see price trending down towards the E80 area, and so we come to a decision point. Does price break the support at E80? Or does it break the bearish trendline and rally...

FXTraderPaul

Hello traders, My view is that is that DAX stays in (an admittedly large) range between 15000 - 15800 until there is real clarity on the make-up of the next German parliament. Support at 15000 is clear to see - where that to break then we drive considerably lower, however I think that were more likely to test the upper bounds of 15,800 over the next few weeks.

FXTraderPaul

Look at that parabolic move on the Weekly chart of Moderna. This one chart tells you whats really been going on this last 18 months. Remember when earlier this year we had EU & US politicians trying to undermine the AZN UK/Swe vaccine? Why? Because it was sold at cost as opposed to Moderna and Pfizers vaccines which sold for profit. Those politicians need those...

FXTraderPaul

Ive always been interested in how Lloyds seems to trade in 25p blocks between 25, 50 and 75 pence. We presently see price running into the 50pence level which has been a strong level in the past. So for me we need price to get above 50p and hold above it before I'm convinced that it has further energy to move towards 75p.

FXTraderPaul

After a tumultuous few days for the Chinese Stock Market (which I admit I do not trade, but I do follow) I now see us having a little dead cat bounce off the 15000 BRN. Will that hold? My initial impression is that yes it will, because I reckon the CCP will manipulate markets in any way possible in order to save face. So I would be keen to see how this plays out...

FXTraderPaul

After forming a beautiful double-top formation above 7 coming into 2020, we saw a fabulous downtrend in line with the USD weakness of 2020. But as Echo & The Bunnymen sang " Nothing ever last forever" and is that now the case with the USDCNH Monthly chart? Do we see the start of a possible inverse Head & Shoulders pattern building here? Or just the start of...

FXTraderPaul

I covered this yesterday in the Monday Market Update ( which you can watch here ). Fascinating chart to look at and I think if it breaks above 1500 we are bullish back towards recent highs.