Strong resistance zone. Momentum depleting. Extremely over-bought market. UK Unemployment rate highest in 5 years. Expected to sell down 20MA. What more can I say?
Extremely over-bought conditions? don't worry about it
Supply and demand? Lol, okay
Worsening economic conditions? Nah fam, forget it
Resistance zones? Huh?
Every man woman and his dog are short on this pair, so you should go long. Also, there is a clear rocket ship pattern on all time frames. Open your eyes
Still strong sell sentiment on the GBPJPY pair. Strong resistance at 144.3-144.5 area. Extremely over-bought. Looking to pull back to 142.3-142 level today through to next week, and possibly a pullback to the 50MA in the coming week/s.
Prime rising wedge formation. Pair has rejected the recent high multiple times and is extremely over-bought. Rising covid cases and deaths. Government looking at stricter restrictions. Also upcoming data coming for GBP will drive this pair back down to 50-100 MA area on the daily timeframe.
Selling GBPJPY. The pair is over-bought. More shorts have been added overnight. Worsening covid conditions in the UK all should see the price move toward the 139.5-140 Zone.
Simple analysis of EUR/USD pair. The pair has reached the strong downward trendline since 2008. Expecting a minimum pull back to 1.18-1.16 price area. The pair is also signalling strong, exhausted over-bought on multiple indicators. Further stimulus plan and vaccine news around the corner will strengthen the USD in the short-medium term. Watching the daily and the...
Announcement of drilling results due anytime now. Stock is clearly being accumulated for the past few weeks now. GMR will push 2c however, depending on results 2-3c range seems likely if mediocre results. An Entry between 1.7c -2c will see profits in the coming month/s
Emerge Gaming signs a 2 year agreement with MTN to distribute and market Emerge’s mobile competition and tournament platform technology. Huge potential with big profits for both companies. Great exposure for EM1 with MTN being the eighth largest Mobile Network Operator in the world and the largest in Africa. MTN has committed to invest into the marketing support...
Potential pullback on the AUD after extended bullish gains & economic updates from Australia revealing economic growth is the weakest since 2009. RSI revealing AUD is extremely overbought. Watching closely on 1H & 15M TF short position setups between 75-74.5.
