EURCAD shortHey Traders, today we are monitoring EURCAD for a selling opportunity around 1.14245 zone. we noticed a breakout of the daily demand zone , so we might consider going short on the retrace.
Once we will receive any bearish confirmation the trade will be executed.
Trade safe and use proper risk management.
Joe.
Europe
GER30 LONGHey traders, today we are monitoring GER30 for a buying opportunity around 15682 zone, once we will receive any buying confirmation we will execute the trade.
remember to use proper risk management especially with the INDICES since their movements are more big and violent comparing to forex pairs.
Trade Safe, Joe.
USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis.
It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012.
Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet.
Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming.
The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week.
Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China.
They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger.
There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon.
So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown.
So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes.
The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.
Forex Euro vs ThailandA bit of forex sometimes is interesting, but i will tell you a secret, if you are succesfull to trade cryptos. You can trade everything in the world.
Here a bit history :
So Euro was pushed down for more than 10 years, post crises 2008 it was like a long bloodbath ! Thailand Major tourism inflation pushed Thai Bath a lot, riches peoples are happy when their own money is rocketing to the moon so they can fly to others countries and buy some chanel bags cheaper!. The big Problem off this theory is a Coin have 2 sides, when u push something very high for riches, tourists spend less money or change holiday country, finally at the end poors peoples are the most impacted and more suffering from poverty.
Like you can see in the chart Euro Bounced at 32THB and this was the Lowest all time low EURO reached in 2000... and then in 2019 Euro Bounced again around 32 THB!! Magic... Actually Euro's trying to break the downtrend around 37 THB. Remember that Fibonacci told you that the story repeats all the time and this case is an pure exemple!, everything goes up have to go down and everything goes down have to go up.
The world is working like that, there's no winners from Greed and Fear when the Balance is not adjusted correctly.
Retracement according to Fibonnacci should be easy :
- Short Term 40 THB
- Middle Term 45 THB
- Long Term 50 THB
Happy Tr4Ding !
eur usd euro dolar Hello receive a cordial greeting.
Forex, the most capitalized foreign exchange market in the world, has marked supports and resistances for its stock market strategy to be profitable to use them. Resistances are used to see possible rises. And the possible supports falls, also the supports can use them as stop loss Or simply as an investment guide, using this simple technical analysis, to mark levels of supports and resistances.
Sincerely L.E.D In Spain as of 21/10/2021
Understanding Sessions - DAX FuturesFollow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market.
See this example from the action this morning.
DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up.
Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them.
Reference my earlier posts from yesterday and this morning for ES for more info.
FB Facebook BEARISH
Facebook, Instagram and WhatsApp down for users across US
The apps were not working Monday morning.
EUR/AUD HEADS HIGHER AS PRICE APPROACH AUGUST 12 RESISTANCE
September 22/2021
For the sake of negative news that surrounds the Australian iron production affairs, and the ongoing lock down assigned by the Australian government which causes few restriction in free movement that also leads to the slowing economy functionality of the Australian dollar.
Yet on the other hand the euro has been outperforming the aud in the past few weeks. Hence the general market structure for the EUR/AUD signify a bullish trend. Unlike the market sentiment for other cross currency pairs it's most likely the EURAUD will encounter some few corrections before heading higher.
From an indicator analysis standpoint it should be noted that the following indicators represent significant bullish bias setups on the daily time chart;
The RSI indicator was seen at 55.5
Stochastic (9,6) 71.8 illustrate a strong buy signal
MACD (12,6) indicate strong buying signal
ATR value is accurately indicating less volatile market condition
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Waiting for a buying opportunity with EURUSDH8 time frame.
Structure: The downtrend has been broken, Key level at 1.19000 has been broken.
However, this strong bullish move has not yet confirmed the uptrend on the 8-hour timeframe.
Wait for a retracement and confirmation of the uptrend to be able to enter a buy with EURUSD.
After the price has confirmed bullish, the next move target is 1.22000.
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Wish you all have a good trading day!
EURUSDHello, receive a cordial greeting.
The buying interest around the single currency remains well and sound at the end of the week and pushes EUR/USD back to the area above the 1.1900 zone, or new multi-day highs, in the wake of US NFP.
EUR/USD in fresh tops around 1.1900
EUR/USD keeps the bid stance on Friday after the US economy created 235K jobs during last month, coming in short of expectations for a gain of 750K jobs. The July's reading was revised to 1053K (from 943K).
Yours sincerely. LED
in Spain on 09/3/2021
Breakout in Euro Stoxx 50 with Target of 4320Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. EU Stoxx 50 tested support around the 4080 price level and is currently testing the downward trendline off the 4240 high and the 4210 lower high. Expectations are for a breakout of the downward trendline towards the 4320 price level. This target was derived as there is a symmetrical triangle setup on the 4-hour timeframe. Indicative stop loss is set around the 4065 price level.
Technical Indicators
The Index recently tested support around the 200 fractal moving average and held. This support level is key to the bullish view of the Euro Stoxx 50. The Index currently crossed above the short (25-MA) and medium (75-MA) term fractal moving averages, which around the same zone of the downward trendline. The RSI is also above the 50 price level and there has been a positive crossover on the KST. These indicators complement the bullish view of the Index.
Recommendation
The recommendation will be to go long at market. Stop loss will be set around the 4065 price level and a target of 4320. This produces a risk-reward ratio of 1.41.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Euro Stoxx 50 .
ALNOV Novacyt Graham Mullis, Group CEO of Novacyt, commented:
“Novacyt is continuing to address COVID-19 testing for both current and future demand. We continue to ensure that innovation is at the centre of our strategy and that our growing portfolio of COVID-19 tests are available to customers in both private and public health settings to expand existing, and support new, partnerships. Throughout the pandemic, NHS testing demand has remained a key priority for the Company and the contract award under the PHE National Microbiology Framework is a testament to our continued commitment.
“We believe our long-term strategy also supports the growth of Novacyt post-COVID-19. In particular, our progress and growth potential in the private sector will not only help us maximize the COVID-19 testing opportunity but also ensure we are well placed, with both technologies and partners, for sustainable growth beyond COVID-19. We therefore believe Novacyt is well positioned to continue to build on its business transformation.”
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
About Novacyt Group
The Novacyt Group is an international diagnostics business generating an increasing portfolio of in vitro and molecular diagnostic tests. Its core strengths lie in diagnostics product development, commercialisation, contract design and manufacturing. The Company's lead business units comprise of Primerdesign and Lab21 Products, supplying an extensive range of high-quality assays and reagents worldwide. The Group directly serves microbiology, haematology and serology markets as do its global partners, which include major corporates.