Corona
BULLISH USDToo many people are saying dollar will go down
They are fools
The market never follows the masses
ER/USD SHORT LOOKI believe with the unemployment rate spiking again and a second wave coming we are going to test critical lows of 1.17 before making a push to the 1.109 range.
Entry: 1.2265
TP: 1.119
TP:1.117
SL: 1.2365
Success 15-57 pip
S&P 500 Elliot Wave Correction Hello all,
I do not typically do any analytical content out side of cryptocurrency, but with the state of the markets and everything happening I thought I would take a look. This analysis is just a simple thought process so do not trade based off this.
S&P 500 in Elliot Wave Correction. This seems to be a possibility. After the unfortunate spike in the confirmed cased of Covid19, the market took a hard hit, again. This new wave of cases is possibly linked to the increased crowds, parties, and gatherings for memorial day a couple weeks ago. If this is the case, I have reason to believe that it is just the beginning of the confirmed case increase. I say this because very recently there has been a large amount of protesting in the states, millions of people gathering together. I will not comment on that of course, but I will say that it is the perfect storm. It may have just helped spread the virus even more than ever before. It is unfortunate as these predictions on markets are not just about the value of something, but it is a reflection of how bad things are. So keep that in mind. I hope this was helpful.
Stay safe all, trade safe, and stay healthy.
Thanks for reading.
- Max K.
LOG Long Term Trendline SupportWe can see the long term support forming a channel with the overhead support from 20k ATH. We can see how a BIG MOVE IS SETTING UP...ON or before AUGUST 27th 2020.
Brian Brooks is having fun making the new crypto dollar everyone is expecting.
Your dollars are just digits on a screen...unless a blockchain application creates a new transparent world.
Imagine knowing exactly how many dollars there are!
Don't worry... Privacy coins still exist... but YOUR AMERICAN EXPRESS CARD tracks you anyways evertime you swipe...lol
Just wait until AMERICAN EXPRESS releases the BITCOIN REWARDS CARD!
welcome to the roaring 20s...
just need to destroy the swamp first...
enjoy.
DXY short - Supply Demand - Break Out - Explained - Why DX?Hello Traders!
So Guys we broke out on the DXY. I am expecting the DXY to retest the Supply Zone and then to drop. On the long run I see it dropping much more. If we look at the monthly we can see that the price will move more down. We got there a Price Action Confirmation for that.
Target:
Target is the Demand Zone marked on the charts.
WHY is DXY dropping?
Me personally I am not surprised about this drop . The DXY became weak due to the impact of the Corona Virus. The Dollar is loosing value. Devaluation. If this is the case then we will see the DXY dropping a lot. But I will make next a more detailed analysis about the fundamentals concerning the FED. Let me know in the comment section what you think about the fundamentals on DXY combined with the impact of Covid 19.
Why do we need to analyze the DXY?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD, NZDUSD . Usually when the DXY goes up, the mentioned pairs will go down.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
DXY short - Supply Demand - Break Out - Explained - Why DXY?Hello Traders!
It seems like we broke out on the DXY. The price was ranging between these two daily Levels and it looks like we broke out. For the final Confirmation wait for the daily close. If the candle will close like this then we broke out and we can expect that the DXY will drop.
Target:
Target is the Demand Zone marked on the charts.
WHY is DXY dropping?
Me personally I am not surprised about this drop. The DXY became weak due to the impact of the Corona Virus. The Dollar is loosing value. Devaluation. If this is the case then we will see the DXY dropping a lot. But I will make next a more detailed analysis about the fundamentals concerning the FED. Let me know in the comment section what you think about the fundamentals on DXY combined with the impact of Covid 19
Why do we need to analyze the DXY?
Actually I like to have a look on the DXY because of the Correlation. So the DXY is nice to use when we are trading XAUUSD , EURUSD , AUDUSD , GBPUSD . Usually when the DXY goes up, the mentioned pairs will go down.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
Possible Outlook for the next couple days/weeksThis Idea is all about the two red resistances which will be tested in the next view weeks. If the Market tests those levels a continues the trend my idea is that we will move to a point anywhere between those two red lines till the next Trend can be identified.
Regarding the current Situation it can be possible that after the first resistance gets tested, we will get more negative news about Corona. In this case from my point of view the yellow trend line can be identified and the current rise could be understood as a typical bear trap.
Let me know what you think about this idea.
Gild Bullish trend-line PlayGilead Sciences , Inc., a research-based biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical needs in the United States, Europe, and internationally. The company's products include Biktarvy, Descovy, Odefsey, Genvoya, Stribild, Complera/Eviplera, Atripla, and Truvada for the treatment of human immunodeficiency virus (HIV) infection; and Vosevi, Vemlidy, Epclusa, Harvoni, and Viread products for treating liver diseases.
Entry $77.50 area
Target $2 trailing stoploss
I been trading this stock for over a year now and once it form it's base, it usually hold itself very well in it's pattern.
we could've easily scalped this stock multiple time this month for easy gain if you just buy the dip at the trend line with a tight stoploss.
Funny Money $SPX
Monthly
Eventful news week for the SPX:
Initial Jobless Claims; Expected:3000K Actual:3169K
Unemployment Rate; Expected:16% Actual:14.7%
Nonfarm Payrolls; Expected:-22,000 Actual:-20,500
The US has had an eventful first quarter, mostly having to do with the COVID-19 pandemic. This week the US was prepared to receive bad news in regard to jobless claims, unemployment, and NFP. Sadly there is bad news and worse news; the bad news is unemployment was expected to be 16% and came in at 14.7% along with NFP expected to come in at -22k and the actual numbers were -20.5k. However, the worse news is initial jobless claims were expected at 3000k and the actual numbers were 3169k, 2 out of 3 is better than expected which causes the SPX to rally to the upside. Looking at the monthly timeframe we see price looks to have found support at 2427 and looks to continue towards the upside with no signs of slowing down. It seems the US is on a slow and steady way to recovery.
Weekly
Shifting over to our pattern timeframe we see the price has formed a lower low closing below our previous higher at 2400. This could be an early sign of a reversal; however, there is no confirmation just yet. Expecting price to continue towards the upside. Looking for a lower high to form at our 3140 levels; taking long entries until that level is reached. We will look for continuation or a reversal at this level.
EXPLOSIONBTC my baby will rally
Buy crypto before corona puts you in limbo
$6.6 trillion was printed
Your government is trash dont get it twisted
Niggas major in econ
But forget to cop stock Amazon
Flip the profits in BTC
This war an Agamemnon
What will happen to GBPUSD? What is the probability Based on my analysis on the daily and 4 hours chart, there is a big probability that the trend will go to the previous support levels 1.22486.
I will be monitoring the price action there and look for valid entry based on 1hour chart. if its the level reached to the previous support and bounce back then I will ride the wave long, might also add another position if the wave breaks the support level at 1.24214.
LETS SEE WHAT WILL HAPPEN
Telenet, buy opportunity!No technical analyse here, just a feeling that the internet providers are running the telework life in Belgium and the rest of the world. Just buy it with leverage! I will do it!
Good luck!
The Corona Virus Narrative by Trading-GuruThe global death toll surpassed 200,000, and the markets are surging. Nobody would have ever expected this, so let's take a deeper look at all the Corona news events and their impact on Bitcoin. The NY Times shared an article with the timeline of the progress of the Corona virus so far, which I used for this idea.
JAN. 11
China reported its first death.
JAN. 20
Other countries, including the United States, confirmed cases.
JAN. 23
Wuhan, a city of more than 11 million, was cut off by the Chinese authorities.
JAN. 30
The W.H.O. declared a global health emergency.
JAN. 31
The Trump administration restricted travel from China
FEB. 2
The first coronavirus death was reported outside China.
FEB. 7
A Chinese doctor who tried to raise the alarm died.
FEB. 13
There were more than 14,000 new cases in Hubei Province.
FEB. 14
France announces the first coronavirus death in Europe.
FEB. 19
Hundreds leave the quarantined cruise ship.
FEB. 21
The virus appears in Iran from an unknown source.
FEB. 23
Italy sees major surge in coronavirus cases and officials lock down towns.
FEB. 24
The Trump administration asks Congress for $1.25 billion for coronavirus response.
FEB. 24
Iran emerges as a second focus point of the virus.
FEB. 26
Latin America reports its first coronavirus case.
FEB. 28
The number of infections in Europe spikes.
FEB. 28
Sub-Saharan Africa records its first infection.
FEB. 29
The United States records its first coronavirus death and announces travel restrictions.
MARCH 3
U.S. officials approve widespread coronavirus testing.
MARCH 11
President Trump blocks most visitors from Continental Europe.
MARCH 13
President Trump declares a national emergency.
MARCH 15
The C.D.C. recommends no gatherings of 50 or more people in the U.S.
MARCH 16
Latin America begins to feel the affects of the virus.
MARCH 17
France imposes a nationwide lockdown.
MARCH 17
The E.U. bars most travelers from outside the bloc for 30 days.
MARCH 19
For the first time, China reports zero local infections.
MARCH 23
Prime Minister Boris Johnson locks Britain down.
MARCH 24
India, a country of 1.3 billion, announces a 21-day lockdown.
MARCH 25
The United States leads the world in confirmed coronavirus cases.
MARCH 27
Trump signs coronavirus stimulus bill into law.
APRIL 2
Global cases top 1 million, and millions loser their jobs.
APRIL 6
Prime Minister Boris Johnson moved into intensive care.
APRIL 12
Prime Minister Boris Johnson moved into intensive care.
APRIL 14
President Trump planned to stop U.S. funding of the W.H.O.
APRIL 17
President Trump encouraged protests against some state restrictions
APRIL 21
Officials discovered earlier known U.S. coronavirus deaths in California.
APRIL 24
The European Union, pressured by China, watered down a report on disinformation.
APRIL 26
The global death toll surpassed 200,000.
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Recent success stories
The bear market has just startedThis market has just started its bearish pattern. Looking in previous crisis monthly chart and focusing in the time window when S&P500 started drop (blue line) to the point when it started to raise, we see patterns in both unemployment, 10y treasury bonds and gold price. Looking back in the 2000 and 2007 crisis, and comparing what has happened so far in 2020, well guys...this is just the beggining. Unless of course we get an unprecedented drop/raise pattern, which a serious doubt.
