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GBPAUD Second Analysis/Idea Via 1M/ProjectionAnalysis of GBPAUD according to the 1M Chart Timeframe. We can first identify our low for the month, hereafter breaking into an ascending pattern towards our resistance level @1.918339. At our first resistance level we can see our ascending consolidation of patterns broken, allowing price to further surge creating bullish exhaustion towards the upside. If Price is able to extend over our second resistance @2.002689, we can be confident about entering a second BUY position unless price comes back down and breaks our first Resistance level. However if price looks to decline, we will need to verify our second confirmation of price entering a downtrend position and therefore breaking our Resistance 1 before looking to enter a SELL position. Fundamentals: The Australian Dollar hits low considering spike in January unemployment rate from 5.1-5.3%. Reserve Bank of Australia looks to revisit Australian economic outlook dictating additional guidance. Overall rate of GBPAUD has potential to hit May 2016 High depicting AUD weakness.
Long
by adelmourad
The yen could not stand it, investors relaxed againYesterday was the day of reckoning for the Japanese yen. We already wrote this week about the failure in the country's economy, but we perceived the lack of reaction of the foreign exchange market as the general inability of the yen to fall due to increased demand for safe-haven assets (see the dynamics of gold prices). As yesterday showed, we were wrong. The markets harbored a strong grudge against the yen, but they lacked reason. After another wave of optimism arose in connection with the improvement of the epidemiological situation and measures to stimulate the economy from China, the yen strongly recalled everything. How deservedly the Japanese currency has suffered is a moot point, but the fact remains that the yen lost a lot yesterday. Although, again, in terms of facts, then 2,000 deaths (+136 new) and 75,000 (+1872 new) cases of infection are no reason for optimism to grow. But the yen was sold, and US stock indexes updated another historic high. What is happening in the financial markets continues to be puzzling, because, looking at the dynamics of gold, there is a feeling that investors are worried about the coronavirus and its consequences, but an analysis of the yen and US stock index charts suggests that the epidemic is a definite plus for the world economies and a reason for purchases even in excess of overbought assets. Meanwhile, inflation in the UK, USA, and Canada was above forecasts. This, by and large, was to be expected: it is impossible to inflate markets with money without consequences for years - sooner or later the time of reckoning will come. It is likely that we have the first signals. Just in case, we note that central banks will be required to respond to rising inflation. They will do this by curtailing the operations of quantitative easing and other cash injections, for example, in the repo market, as well as by raising rates. Rising rates will provoke a chain reaction in the economy and lead to the collapse of bubbles. If 3 years ago, the Fed clearly hoped to gradually blow out a bubble in the US stock market, now it has clearly given up on this hand. That is, the explosion will be very loud. However, so far the markets do not care about this, but now they do not care. I do not care that Apple will fail the first quarter in financial results, that Adida’s economic activity in China has fallen by 85%, that the head of the IMF calls coronavirus the main threat to the global economy, as well as hundreds and thousands of other facts. Going against such a train is generally ungrateful. But to buy Nasdaq above 9700 with such a fundamental background, the hand categorically does not rise. Perhaps the only option to save the rest of common sense in trading and not to merge the deposit is intraday trading with hard stops. So today we will sell oil, USDJPY and EURUSD pairs, buy GBPUSD with small stops, and also look for opportunities for buying gold.
Short
by Trade24Fx
1
HUOBI wants 100xs on Its exchangeI do think this is an undervalued coin I do not trade USDT pair but i just wanted to show wtf is goin on! There will be volatility and there will be blood & eventually HUOBI and its shitcoins on this exchange will have their own season (its my own opinion, I'm not telling anyone to run and buy mindlessly) As always calculate your Risk, Don't let ur stops to be swept! Wait for retracements or breakout, otherwise you'll get really bad R:R and lots of stress!
HLong
by badmilkshake
HARD TREND BREAKAGE.The view from the above. See the very same pattern? It is the expected hard trend breakage. It is already happening! That's why there's so many confusion around. The same pattern, the same conditions, the rally is still on! If we fail then a new WXYZ will form: The failure can be confirmed with the price moving below 7650-7600. Because at 7600 it would become clear, that a "higher timeframe correctional WXYZ" is forming instead of the expected hard trend breakage. Right now we are headed towards microscenario #II: DO YOU Feel it? It on!
COINBASE:BTCUSDLong
by orbborisson
About the recession, markets immunity to good news & US GDPThe US and China have traditionally been optimistic about the progress in the negotiations, but apparently, the markets no longer respond to this. If you yell “wolf”, in the end, people will no longer come. Something similar we can see in the negotiation process between China and the United States. They have been optimistic for more than a month, but there is no breakthrough. In this regard, we will continue to look for points for the purchase of safe-haven assets, which are providing excellent entry points. We will bring up a topic of the upcoming recession. In yesterday’s review, we wrote about the forecasts of Societe Generale analysts who expect a recession in the spring of next year. Recall, in March 2019 the so-called yield curve inversion took place (an anomalous situation when the yield on short-term US treasury bonds exceeds the yield on long-term bonds). As a rule, after this, a recession occurs within 12-18 months. Despite the fact that now the yield curve has returned to normal. In the spring comes the end of the countdown of 12 months. So analysts at Societe Generale are probably not mistaken. Fed Chairman Jerome Powell, meanwhile, once again confirmed that the US Central Bank is likely to continue to hold a pause in interest rate policy actions. Today, unlike Monday and Tuesday, will be quite busy in terms of macroeconomic statistics. First of all, we are talking about data on US GDP for the third quarter. Given that this is the second reading of the indicator, that is, the revised value, we do not expect any serious surprises. However, analysts do not expect as well, predicting the immutability of the preliminary assessment of 1.9%. In addition, you should pay attention to orders for durable goods in the United States, as well as the ADP report on the level of employment in the private sector. A busy day for the dollar will end with the publication of statistics on personal income and expenses, as well as incomplete transactions for the sale of housing. Recall our position on the dollar - to look for points for sale for almost the entire spectrum of the foreign exchange market. But today we are acting with an eye on the output data. This is not about changing the direction of the trades, but about the possible emergence of more interesting points for its sales.
TVC:DXYShort
by Trade24Fx
Bitcoin walking on CME levelsBitcoin that has been recently traded in the side channel of $9,000 - $9,600, has broken through the support level in the area of $9,000 and rushed down, having reached the previously calculated 25% margin level for futures with CME exchanges. After that, we saw a rebound and a retest of the previously broken support level, which is acting as a resistance level of $9,050 now. At the moment, we see buyers having failed to return to the previously traded corridor and the price having rushed down again. Below we have 2 fresh margin levels for CME futures, where there are some liquidation zones, which we are more likely to follow this week. The first immediate goal is in the area of $8,500 (50% margin level), which coincides with the attracting Fibonacci level of 0.618, but if panic starts on the market, then there is every chance of falling into the flesh to 100% margin level in the area of $8,200. If we fall below, we will also observe the emerging bull divergence, which will tell us about a good entry point for purchases.
BITSTAMP:BTCUSD
by Neironix
1
After Bitmex email leaks and Deribit huge crash of index, HOW?When you thought it was impossible to see bull market, the market pumps for more than 3000USD in 1 day. And when you thought Bitmex never have LEAKS or HACK problem, it leaks! When you think Deribit having good liquidity and good server never OVERLOAD, it CRASHED! Be yourself, believe in what you TRULY BELIEVE. Why did you get into crypto market at the very beginning? Why you did not leave this market for few years? How do you believe in the Blockchain technology? Which exchange is good and safe to use? Or you did not even think of the questions above? I believe that we will see Blockchain uses in daily life, including BITCOIN and some of altcoins--I will never say "BLOCKCHAIN is technology but not crypto", it is what the bankers lie to SPECULATOR in order to cause fear in the BEAR market. If you are saying Blockchain is a technology, it should be concluded base on evidences. The nature of a technology wont change just because of short term up or down. I hope everyone keep their mind rational in crypto market.I have been using Bitmex, localbitcoins, Poloniex and Yobit in the pass, then I moved to Bittrex, Houbi, Bitfinex, Binance and keep using Bitmex. This year I started to try Jex and Deribit for the options trading, and registered in FTX. I still keep my account in old exchange and little funding inside for trading some altcoins which are not available in many exchanges. I also joined Binance and Bitmax.io IEO, and , took profit. I did not agree all the ideas/slogan/ operation of IEO even I was earning from it. After all my opinion on Blockchain technology and its use cases I still keep positive attitude to its future. I hope everyone have in-depth study before inputting too much on Crypto. React to the recent situation of Bitmex email leaks and Deribit huge crash of index, and PLUS, Bitmex Twitter hacked(probably?), I sold small part of my crypto SPOT but I did not hold and Shorts at this moment. Stay clam, keep observe and think. For Bitmex, I will keep oart of my fund, but change another account.For Deribit, I move fund from Deribit to FTX. If any of you support my channel and sharing, it is welcomed to use my Affiliate Link: Bitmex www.bitmex.com FTX ftx.com
by jolesaitama
30.10.2019 - Tron (TRX / USD)Hi Traders! Today we are going to look at TRX coin. Tron is a big Chinese cryptocurrency and its CEO Justin Sun is a great marketer. Why are we going to analyse just this coin? Chinese president announced last week they must increase investment into blockchain and prioritize cryptocurrencies. Chinese coins immediately reacted with growth. Justin Sun has been preparing the public for big news that came just yesterday on Twitter. Does it mean growth of TRX? What does the graph say? Exactly this is cryptocurrency manipulation. If a common person read this news, he would take it as a guaranteed growth. Is that really like that? De facto, oftentimes, when some news come out, this is already included in the graph, even before common people learn about it and it's just the case with TRX too. Divergences on RSI and rising wedge doesn't mean anything positive. The overall perspective of TRX is possible growth. However, we anticipate a decline in the upcoming hours. The price is already compressed and the decline is just around the corner. We recommend considering purchase only after this decline. However, we have to wait for the style of the decline. Due to this reason, we don't highlight the purchase zone until we see the style of upcoming correction.
BITFINEX:TRXUSDShort
by DolleroTechnology