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XNGUSD Long BiasHello everyone. This is natural gas analysis. As we have given demand analysis in our previous post some time ago. Though price just validated the previous higher time frame monthly demand zone but there are some chances to retrace back because as we know market always makes fresh zones on lower time frames after confirming higher time frame’s zones. So here is the small gap we can earn from. There is a chance to retrace back after touching 2.4700 area so we can set out TP on the said area. But after a small retrace market would give us another bullish move so lets see. Happy Trading
NYMEX:NG1!Long
by saqibrajaforexgroup
Bank Of America (BAC) Calm Before The StormBank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has been failing. There is still much to go for the rise before this stock can become stable again. It will need to take a wild spike along with some sort of unimaginable great news to spike prices back up that high to over $54.00/share. With that being said, I will stick to my technical's and as of now it is bearish. The chart along with my own technical analysis should explain the rest to the crowd. Just be patient and avoid greed in these times of uncertainty. I am prepared to go long if price signals me to do so, but my overall bias is short.
NYSE:BAC
by bajapips
U.S Labour Day - "Thin Market"Just a gentle reminder to my fellow retail traders, beginners traders to be exact (professional traders, stay away! - This could be a patronizing post), today is U.S Labour Day. The banks are closed. The massive movers of the price are indeed the banks, so when they are closed, even though we can still trade USD pairs today, expect a very very small range price action today. The USD based pairs I am referring to even include Gold, XAUUSD and WTI/USD-Brent). Don't ask me Bitcoin vs USD. No clue about that! I roughly looked at Labour Days in 2016, 2017 and 2018 for the world's most liquid currency pair on the planet, the ranges at those days were indeed well below the average daily range at the time (Average = Avg 10 days +Avg 20 days + Avg 30 days). Cross pairs are game for today, their ranges are normal. Happy Trading!
by sufiansaid