TheHitman

TheHitman

Hi Traders The FED pumped the market pretty well at the start of the week but there was already profit taken this friday. The overall trend is still bearish in my opinion. But you got to be careful to short a market that is heavily protected by governments. So your short targets have to be realistic and profits have to be taken quick.

TheHitman

Hi Traders Looks like a few alts are pumping right now. Another one to follow could be Doge coin as it looks like it will break out of the ascending triangle.

TheHitman

Hi Traders Looks like Gold is back on its way to 1800$. It got good support from the 1700 area and now is looking for a retest of the last high.

TheHitman

Hi Traders Here is an intersting pattern to watch on MRNA. This stock had several days with a huge Up-Gap lately. On the day it started with an huge Up-Gap it usually ended in the red for the day. But also interesting is, that the very next day it had an even bigger green candle to follow. Today we started with the biggest Up-Gap so far and we also saw a down...

TheHitman

Hi Traders Looks like XAUUSD is going for a pullback, as the US stock market had a good day. Gold had been in an a strong uptrend lately so this had to come at some point. Do not enter any long yet, there have to be more than one clear signal of reversal or you could get stoped out. Also there is a lot of room upwards with corona, so there is no need to try to...

TheHitman

Hi Traders Looks like 106 Support seems to hold for USDJPY on the daily. I expect it to go up back to the area around 108. Watch for confirmation of Hitman on a lower timeframe like the 4h or even the 1h.

TheHitman

Hi Traders Dont let yourself fool of todays long green candle (1st May). ADA is at a major resistance zone. As long it does not break out of the daily candle of 30th of April I think it will go down.

TheHitman

Hi Traders US Russel 2000 is looking to come down now. This is the 4 chart and Hitman is signaling a clear down trend now. Also the RSI and the volume showing a down trend. Target area could be something around 1200.

TheHitman

Hi Traders I know this wont be popular with everyone but be careful in this area and look for signs of reversals. There were a lot of rejections on this area over the years. At the moment we are building a Doji Candle and RSI is looking pretty much oversold on the daily timeframe right now. First target will be that 7200 area but I would really not recommend to...

TheHitman

Hi Traders One of the winners of the Covid-19 crisis is Amazon. Not surprisingliy that people who have to stay at home, order more stuff from the internet. Therefore chances are high, that Amazon will break the All-Time high this or next week. On 23 April Amazon will also present their Q1 earnings which will give a first inside of how much they profit from this...

TheHitman

Hi Traders Looks like oil needs a news catalisator to break out the range-area as well as the 35 level. Expect it to come at Easter and see its effects next week.

TheHitman

Hi Traders Coca-Cola has almost the perfect set up for taking another downswing over the next couple of days except for SMA100 and SMA200 the form a very bearish pattern. SMA100 and SMA200 of course are still laging a bit behind the corona-crisis but soon will also change into a bearish formation too. Also the Hitman indicator shows its 4th bear-signal in a row...

TheHitman

Hi Traders As markets are driven mainly fundamental at the moment, today something a bit different than a classic chart analysis. This week could end with the biggest fall of USD in one week since years. Whereas stock markets mainly focused on the stimulus package, the value of USD droped rather unnoticed. But with this numbers it will appear on many radars....

TheHitman

Hi Traders Looks like Oil could go down to the region of around 26.25$ during the next couple of hours. Wait for the Hitman Indicator to prove the short time downtrend before jumping in. For tomorrow the price will be driven by overall market sentiment, therefore the US unemployment report will have a huge impact. So the position should be closed around noon (UTC)

TheHitman

Hi Traders How far could Disney drop? First of all, this will mainly depend of media coverage of Covid-19. And how long the lockdown of different countries will take. Even if you have roughly 40% discount at the moment, it could be to early to buy. Before it went on a stady upward trend its price was around 30-42$ in 2011. This could be a target if bad news do not stop.

TheHitman

Hi Traders Potential MA crossover for EURUSD on the 4h. Hitman Signal is already there. With Consumer Confidence higher than expected, this coud go near to 1.1.

TheHitman

Hi Traders For the first time since a very long time, is looks like the down trend for cardano finds its bottom. We reached all-time low recently and now look to go up again. Use Hitman Incidator for confirmation of the momentum change and wait to see if we break that 0.30 level.

TheHitman

Hi Traders Looks like EURUSD bounces off that long time support around 1.1 (on the chart it is 1.09750). But most likely will only be a short reversal before going for a retest of 1.1 area.