RidetheMacro| NZDUSD Trade Analysis NZDUSD trade Analysis Based on Fundamentals Background and Price Action.
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Banks
Banknifty Trading in the Zone October 1st weekBank nifty is trading with comforts to distribute sums . Now the much depends upon it to continue the trend or give whipsaws, as for the technicals market has kept bearish view even though a more U shaped recovery to say. However what we notice is that if the U shaped recovery was itself weak then BN would have weaker retracement .232 possibly. Thus a very reasonable target on upper side and more bias towards downward spiral. However we feel a sideways movement would be warranted for the coming week as a cooling off week.
The World Reserve Currency - Be Prepared!The US dollar is the world’s main reserve and payments currency, meaning it is the currency in which most global trade and investment takes place. I do believe something is about to happen that will shatter the dollar to all time lows and the COVID impact was only the induction of what is about to come. The FED has been using methods to inflate the market by printing cash, bailing out Wall Street and issuing loans to businesses with repo agreements that will all have to be paid back at some point but before this happens I am expecting a massive bubble which will lead to a major crash in the dollar. The moves to come will be historical and could be one of the most volatile events we have experienced across all asset markets.
Prepare for lots of volatility filled with quite a number of opportunities, we have only seen the tip of the iceberg so far.
Gold Plan for today... be carefulIn this case i will privilege the use of short stoplosses and free falling or flying fractals, but the take profits are there if you like it :D
HSBCOverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
ridethepig | Banks vs Utilities It ought to be known by everyone that it is necessary in certain recessions for dead cat bounces and over a typical 5 quarter economic cycle down, it is not uncommon for 1 or 2 of those quarters to be bullish. I suspect that the strength around all the discounted earnings from August is mostly baked in now.
The concern, in the MT and LT, is the 2's 5's screaming recession is not over. Such a devastating blow that will have appeared too simple for many participants as Central Banks did not allow the manoeuvre to unfold yet. Here sellers should try to seize the lows; no matter how risk free the current environment may seem; confidence is damaged and civil unrest is in the game. I do hope my judgement of this is not over will be proven wrong, and that it really is different this time.
As usual thanks for keeping the feedback coming 👍 or 👎
Banknifty Expiry Day Rangebank nifty might turn trending towards upward but this should be the ideal range for expiry
Australian Big 4 Banks look disgusting30 year trend broken in March. Not sure if we retest March lows, but at least another 5%-10% to go
Ready for upward movement after pennant breakoutJPM showed relative strength during a market pullback and confirmed a pennant breakout with its close even on a down day. A rotation into banks may provide the volume this needs to see fib targets above. Safe entrance above last market open. Stop loss can be set at the fib below.
Tightly coiled ready for an explosive moveMany eyes on GS and with a rotation into the financial sector it could truly break out and hold the gains. With the market pullback, gains were softened but the RSI >50 indicates strength. Any entry above the pennant is a good one and should see a retest of the fib above in the next few trading sessions. Fib below can be used as stop loss.
Sector Rotation?XLF seemed to avoid selloffs on Thursday/Friday where the rest of the market couldn't. Looking for further confirmation Tuesday/Wednesday 9/8 & 9/9
JPM long entry with break of downtrend lineA downtrend line has been forming since pre-COVID highs forming a solid setup. Recent highs over $106 failed to break upwards, a break out of the downtrend can see targets above, with the marked fib close as the support below. Stop loss set below the lows of the most recent daily candle.
jse:j835 SA BAnks - Descending Triangle OOPS! #j835 #SAbanksThis descending triangle on the SA Banks 1hour chart looks a bit intimidating.
My guess is that it will break the bottom support line.
Lets wait and see
Kadena BREAK UP CONFIRMED!?! next stop is the MOON.TOP 100 BANKSDigged super lots of valuable information on Kadena recently and found out that one of the TOP 100 Banks in the world is already a client of Kadena! Jp Morgan is one of the TOP 100 banks list.. the team comes from Jp morgan.. im just having a wild guess...
What more they have Huge partnerships with USCF, a 3 billion Fund company.. also already a client.. they have few more..and more firms are coming to Kadena because it is a Hybrid Blockchain (both private and public). This is what the real enterprise are looking for and have been hesitating from ETHEREUM days..
There is also U.S. Licensed Exchange listing coming... u can google that and that will narrow down to only afew BIG ones..
i can safely say 2020 is one of the big moment for KDA as many are still unsure on what KADENA is capable of..
Kadena has CLOSE relationship with Polkadot $DOT . funded by DOT and working bridges with DOT.
Fidelity Investment arm is also invested in Kadena. google Fidelity if u are unsure what that is..
Coinmetro, a licensed exchange is working with Kadena team on building DEFI products and more because Kadena has awesome tech.
the FA for Kadena is super bullish, same for the Chart in daily. this is going to X10 - X30 mid-long term.
Kadena is only 20mil market cap now.. thats very low for such accomplishments.
EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR.
FUNDAMENTAL BIAS:
.WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO
TECHNICAL BIAS:
.THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE
PRICE ENTRY ZONE:
.TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE
.THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT
.THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE
WARNING:
.THE PRICE DIDN'T CREATED A HIGHER HIGH
.THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL
.PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE
THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE.
CORBEAU
Boeing, United Airlines, Retail and Regional Bank ETFsWhat do all of these have in common from March 15th 2020-June 9th 2020?
Head and Shoulder on BNBank nifty has formed Reversal Pattern H&S with right shoulder little skewed to upper end but the neckline break signifies a trend to downward is possible for the coming days and weeks.
IF a GAP Down opening on MONDAY on BNif we get to taste a GAP down on monday and on 2M chart we get confirmation of bearish price action then a sudden free fall can not be avoided in BN. Do keep yourself watched!
JPM 115posted a chart like this previously. Looks like a bull flag. Held well above 95. looking for that 100 break and then free run to the next resistance. Alerts are set. Banks are never going to fail so.... :)
long calls though
