SIDCapital

SIDCapital

NASDAQ is looking for 50% correction, potential to reverse until the support line 10178 before even rallying up again. Key Trading Plan: i) SHORT from the current price to the support level 10178. ii) LONG if the price breaks resistance level at 11124 ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results...

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Gold continues to bullish at the expense of weaken US Dollar. This safe haven is currently on bullish mode without any sign to stop anytime soon. Its better to wait for the price action to see the best trading plan. Key Trading Plan: i) SHORT from the current price to the Take Profit Target at support 1765.7 ii) LONG if the price breaks 1819.9 resistance...

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GBPJPY continues to consolidate around the current price and seems struggle to break either support and resistance key level. Please wait for the price action before taking any trade. Key Trading Plan: i) LONG if the price breaks the resistance level 135.636 with the Take Profit Target at 139.161. ii) SHORT if the price breaks 134 and with the Take Profit...

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I continue to see the pound as vulnerable to the ongoing gradual building of expectations of negative interest rates being adopted in the UK. The 5-year Gilt yield record low of -0.094% was threatened last week with the economic data this week failing to shift these building expectations. In spite of the market struggles, GBPUSD continues to consolidate and moves...

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EURUSD continues an upbeat upside movement with the key issue surrounds the EU Summit last week on the extra recovery budget for Covid-19. At this point, the best thing to is to wait for the price either to break key resistance level of 1.15163 or you can SHORT with the Take Profit Target to the support level of 1.12033 ‼️Disclaimer: Please be advised that we...

SIDCapital

AUDUSD struggle to break 0.70 level and consolidate around the area. Slow starts last week and with the uncertainty around the 2nd wave of pandemic Covid-19, the movement for next week will be centred around Federal Reserve quantitative easing policy. Key Trading Plan: i) SHORT from the current price to the support level of 0.68120. ii) LONG if the price...

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Japanese Yen Index is currently on sideways. The price is most likely to consolidate before making a new momentum trend. Whether its upward or downward trend, we have yet to see if the price breaks the key resistance level of 94 (upside movement) or breaks the support level at 92 (downside movement). ‼️Disclaimer: Please be advised that we are NOT Financial...

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Our prediction last week on Euro Index has come true. Despite the uncertainty around EU Summit last week, the market is upbeat to continue an uptrend. Earlier, European Council president Charles Michel said that it was possible to reach an agreement on the EU budget and the recovery fund. Key Trading Plan: i) LONG when the price breaks the resistance level of...

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British Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon. Key Trading Plan: i) LONG if the price breaks the resistance of 126.00 with the Take Profit...

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The concerns over the second wave of Covid-19 has put US Economy into recession again, mostly on retail and manufacturing sides. However, double bottom on the chart gives us a hope that the US Dollar Index might recover in the short run. Key Trading Plan: i) LONG from the current price with the Take Profit Target at 97.84. ii) SHORT if the price breaks the...

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Medtronic Plc has recently agreed to acquire all outstanding shares of spinal surgery device maker, Medicrea at €7.00/share, representing a 22% premium over Friday's closing price. This merger and acquisition has driven the share price to move up as well as giving the stock a promising future amidst the advent of second wave of the pandemic which most of the...

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After much V-shape recovery in the technology sector, the price of Broadcom Inc has currently reached a very strong resistance level (triple top pattern). The price is stubborn to break the 332 level. if there is no breakout beyond this point, I believe we should SHORT this stock to the 38% of Fibonacci level. Key Trading Plan: SHORT from the current price to...

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In its latest earnings report, released on 03/31/2020, Abbott reported a quarterly revenue of $7.73 billion and a net profit of $758 million. Abbott Laboratories is expected to post earnings per share (EPS) of $0.32 for the third quarter of 2020. Key Trading Plan: Wait for pull back to the support level of 92.25 before the price eventually rallies up to the...

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This week has been phenomenal for AbbVie Inc after researchers found that the large-cap pharma's cholesterol-lowering drug Tricor could work against SARS-CoV2, the virus that causes COVID-19. Key Trading Plan: Wait for the pull back to the Fibonacci 23% at 92.00 before the price rallies back up to the potential resistance of 106.00 ‼️Disclaimer: Please be...

SIDCapital

Double Top has formed for ALCOA CORPORATION which gives us signal to SHORT. However, if the price breaks the resistance level 14.00, upside movement will most likely to happen. To note, the current price is currently on the lowest pivot point, it might also gives us signal that V-shape recovery would likely to happen if the stock price rallies to go up. Key...

SIDCapital

Key Trading Plan: i) SHORT to the Fibonacci Retracement 23%, 1633.23 and even lower at Fibonacci Retracement 38%, 1521.61 ii) LONG if the price key resistance level 1935.16 with the strong upside movement will most likely to happen.

SIDCapital

Key Trading Plan: i) SHORT to its support level of 92.5 and even lower to 91.2 ii) LONG if the price breaks the resistance level of 94.4 to the Take Profit Target level at 95.4

SIDCapital

Key Trading Plan: i) SHORT to the support level of 111.9 and 110.1 ii) LONG if the price breaks the key resistance level of 115.o with the Take Profit Target at 117.8