Major Indexes edged higher Friday into the weekend with both Europe and the US posting minor gains. The US had economic data out that came in stronger than expected and sent US Bond Yields higher to add further fuel to the interest rate rise narrative. Share market traders have been in a holding pattern awaiting a big week of earnings this week in the US as some...
Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from...
TVC:DXY What a mess. With the mid tier banking institutions surprise balance sheet news this week; and still continues with new names coming out from hiding, we have the Euro ECB rate chatter. All this makes the dollar index floundering around and looking for a direction. Trade management, if your watching the DXY for any confluence in the pairs your...
A review of the price action from the European session and the US session. Major indexes took a big hit after Powell suggested that the US Central Bank could raise rates more aggressively than previously expected. The USD reacted sharply higher while US bonds spiked lower. Investors who recently went bargain hunting were now going risk off into the share market....
Swing trade setup for Oct 20-------I DO NOT GIVE SOLICITATION TO BUY OR SHORT. USE YOUR OWN DISCRETION I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as...
showing technical analysis of AAPL how it forming into a nice pattern to trade.
On the 4hr time frame, I see an inverted head neck and shoulders. But on the daily timeframe , I just see consolidation. So what I'm looking for this week is to see if the IHNS will complete and be respected, or is this the beginning of a swing sell? We'll know for certain this week. Intraday TPs were added upon request this week. BULL TPs: • 1.39715 •...
Bullish Pennant formed with the possibility to hit the historical resistance line. Entry price conservatively set at mid-resistance breakout. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $216.58 Suggested Stop Loss $211.56 Target price $235.96 Note that I tend to adjust...
Clear uptrend Support and Resistance with a Bullish Rectangle formed within. Short term swing trade that I would close before earnings on 5th August. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $133.45 Suggested Stop Loss $130.94 Target price $140.45
Beautiful key level trade setup of a daily zone! You already see where I'm going. I'm just mapping out the chart for future setups. Here are your TPs: BULL: • 133.441 • 135.135 • 136.093 BEAR • 130.636 • 129.331
This pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears. If it decides to shoot up sooner than later, that means a pullback is complete. So I am waiting it out until it hits a zone to determine the next trade. Here are your...
Back from a brief hiatus due to illness. So let's continue. Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week. So this is why you're seeing two directions indicating where the...