Long on USDMXN fundimental but technical analysis yes, I'm feeling pretty confident about this pair showing a well balanced pair and showing positive news about what the president doing meeting and having international presidents and political leaders from foreign countries indicating positive moves from this pair, taking notion of this pair... On long yes, neat risk enough for a sufficient TP..
Fundamentales
Ebay: Another company Amazon will put out of businessIt is no secret that Amazon has taken the world by storm in the past few years as its market cap nears the unbelievable 1 trillion mark. Amazon now provides a service for nearly every demand you can think of. Food, retail products, shipping, a place to sell your goods/services, cloud services, etc. In the next few years, Amazon will probably increase its user base and put smaller companies out of business, such as Blue Apron, Barnes and Noble and Ebay.
Ebay is a great fundamental short. In the next few years, their annual revenue will decrease as they begin to lose money, inevitably going bankrupt due to Amazon's dominance. Technically, the chart tells the same story. Ebay recently announced terrible earnings, causing the stock to gap down hard. It has now fallen below all significant moving averages. The 50 day moving average (yellow line) also crossed below the 200 day moving average (blue line), a very bearish sign known as a death cross.
Due to the drastic recent decline, Ebay could be in for a short term bounce, but will continue to fall in the near and long term. I recently picked up Ebay puts with a break even price of $30 that expire January 18th. I would be astonished if they are not deep in the money by that time.
The most logical short in the stock market: TAOEarlier this month, my friend Harrison Schwartz wrote an eye opening article exposing the disaster that is in store for Chinese Real Estate investors (seekingalpha.com). The article analyzes the unthinkable situation China is in, and what is most likely going to happen. After reading it, my first thought was how can I make money off of this inevitable crash? That brought me to TAO, an ETF that tracks Chinese Real Estate. Fundamentally, this ETF could drop 80% over the next year or two. Technically, the signs are there as well. It is the most logical trade I have ever made.
Looking at the chart, there is a clear head and shoulders pattern that has formed over the past 10 months. A death cross has recently occurred, marked by the 50 day moving average crossing below the 200 day moving average, a very bearish signal. There has been a recent bounce after bullish divergence on the RSI which could lead more short term gains. However, if TAO reaches the low $29's, it will most likely get stopped out by resistance in the 200 day moving average and resume its plummet, where I will be looking to enter a highly leveraged short position. Lastly, the weekly chart for TAO confirms the long term bear trend that it has entered, as RSI is pointing down hard, validating the recent bull trap.
STORMBTC a very bullish signalThere is a very bullish pattern on the chart: breaking from the descending wedge. Indicators SMA, EMA 10 and Stoch RSI confirm the probability of upward movement. In the short and middle term we expect growth up to Ichimoku lagging span line.
Fundamentals are also great: the positive news background for this year should also push the market up.
A Good Day To Trade WTI Crude Oil - EIA Report & OPEC Meeting UpI'm speculating that the inventory draw by 2.1 million is already priced in. Therefore, the oil prices may drop on the release of EIA report. That being said, I will be looking to stay bullish above $65.02 to target $66 before the release of news today. All the best and stay tuned for updates. Keep following!
#WAN is a great buy right nowWAN is an excellent buy right now for both short and long term. Price is entering the demand zone and the last time that happened we bounced out very quickly. We are looking to make a HL double bottom pattern and then breakout of that downtrend line. I cannot see us going any lower than 5200 as many big players are bullish on WAN fundamentally and will buy up fast at a cheap price. VPVR indicates first profit taking zone will be 6500 sats and next will be 7250 sats, at the POC. Long term target would be 8000+ sats. I believe a WAN buy right now will give at least 10% in a few days.
BTCUSD end of downtrendFinally BTC has managed to break the downtrend. On the picture you can see the triangle that was broken. I has opened long position from here for a couple of weeks and more. Moreover, fundamental characteristics of the coin are also growing: the number of transactions and amount USD sent are in bull trend like the price itself. I encourage you to check the characteristics and analyze it.
My stop-loss and tp are as shown.
DASHBTC great fundamentals - great opportunitiesThe wedge seems like Bull's flag, however according to a deeper analysis it is 5 Elliott Impulse waves. MACD and HMA in a buy state, volume increasing. Moreover, fundamental analysis of this coin is also great: Abra has announced that it supports DASH now, NegocieCoins introduces Dash to Brazilian markets, Bitit offers many options for buying the crypto currency. We recommend this coin for a long term.
High prices good earningsAdobe has been one of those interesting plays on cloud with making their products exclusively available on subscription based. Effectivly it looks that an 2 years subscription is worth as much as their complete adobe suite. We seen the effect of those changes already and with ever increasing user base (attributed to good positioning for mobile, design and video with newer products). Last reports were nothing but great suprices with 10-12% overachiving. Let's see if adobe can deliver this time again.
Price/Earning ratio seems to be going on the higher side, but still some space to grow. I'm expecting adobe's EBIT to continue going up to ~3.6B and P/E to below 80 to consider good buy.
Good luck and happy trading
OMGBTC Cup&Handle patternOn a day chart we found a Cup&Handle formation, it is more clearly confirmed on the longer time frame for example on a week chart. Stoch RSI also indicates further ascending trend. The price is above ichi cloud which is also a good sign. Beyond TA, fundamentals for this coin are also great. OMG is an ambitious and clever proposal for Ethereum PoS scalling purposes. The next targets are presented on the chart, safe buy zone is in the purple area.
KMDBTC Double BottomCup&Handle pattern was broken and now the price is testing the lower edge of rectangular support zone 1. The price is below ichi cloud which indicates further decrease, however the coin is currently oversold and there can be a rebound which will form Double Bottom pattern. This will create a strong support level around the signal's stop loss zone 0.000550, from this point there will be growth to the mentioned in the signal targets.
In case of breaking through the rectangular support zone the price will decrease till the support level 2 around 0.00052. From this point there can be a breakout and further growth to a higher levels of trade
Do not rush to use stop loss in pattern based signals, it is given as an orienter for you so you can carefully track the coin and asses current status of the signal and pattern formation. If you used it and sold the coin just buy again at current dip as it has good news based fundamentals: the team updated their app providing new features.
Never sell a coin right after you bought it if some little fluctuations occur.
Storm Nate could hold down a move upward in the USDCADCanada supplies the US with 38% of its oil, then Saudi Arabia at 11%. A short-term hike (probably 12 days or so) in oil prices will give a boost to Canada's bottom line, essentially placing more demand on Canadian dollars. This demand gives strength to the Canadian dollar. That strength pushes down the USDCAD pair.
I'm neutral on this until the tropical storms are over and the market corrects back to normal levels.
Eur/usd fall analysis First analysis and welcoming all types of honest and constructive feedback!
Technical
- High buy orders on a ranging monthly is due for a increase in sell orders (Short)
- Holiday season correction is already priced in (Quick long followed by short)
- Strong resistance @ 1.08-1.10.
Fundamentals:
- Chinas "de-dollarization" by allowing the oil imports to be exchanged in dollars. also allowing the yuan to be exchanged for gold. (Short)
- Chinas Crypto's ICO banning causing a 20+ billion market cap sell off. Both Fiat and Crypto exchanges are ranging. (Short)
- Weather in the United States (Short)
- Holiday season (quick upward correction)
- Fears of the current sounds of the war drums (Short)
-High oil prices and oil supply reduction due to closed ports (Short)
Let's see how it goes...
NZD/USD tries to reach 0.7310Daily outlook - NZD/USD tries to reach 0.7310
The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310.
At the moment, it still has not reached the target even with the help from a release of information on the US CPI.
On the other hand, such slow movement is in line with the general market sentiment, which is only 55% bearish, as well as with the summary of various technical indicators, which projected horizontal movement.
It is quite possible that the pair will manage to bypass the above-mentioned resistance and jump towards the 100-hour SMA near 0.7319.
If the surge will be stopped at this points, that would be a final evidence of existence of a falling wedge.
USDJPY no rally one sided retail traders and relative weakness.This chart is a bit tricky. www.mql5.com It appears bearish long term, however with stocks making new highs many maybe a bit scared to go short this pair. I understand fully on this fear. What scares me is the huge amount of retail longs in this pair. Its about 73%, I do not remember the last time a pair rallied when the retail traders where one sided to this degree. A good example was the start of this week. At 1.4977 16% of EURAUD traders were long.....The chart appeared bearish and I am sure many continued to jump in. I went long but then got scared out before we saw a 230 pips rally in 2 days. I am not taking this off of the technicals I am taking this more on the fundamentals. With the USA having issues at the moment, and OIL down we may see some issues in stocks, however today stocks are up. We will see tomorrow with NFP. I am shorting this pair lets see how it goes.
P.S. Interest rate differentials have increased a little so this may also get more longs into this trade.....
EURGBP short 1st Target achieved, prospective H&S break occuredWe enter short on EUR/GBP @.8510 with initial target of .8431 which hit this morning asia session.
Half of the position is closed and stop-Loss move to break-even, rest half of the position is open to take the advantage of Expected H&S setup yield.
We were expecting Euro weakness in-line to fundamentals, mentioned in our EURUSD article as well.
Time to short before next BTC surge! Nobody wants Eth for Xmass chart analysis - Trend - Bear
26 out 28 three day Candles RED - 3 months non stop price is going down.
A recent rejection at Resistance which has happened multiple time consistently over last few months in a few defined descending channel
Overall Market sentiment
Unnecessary hardfork splitting chain, multiple bugs, no apps except the notoriously failed DAO and notoriously delayed REP. The fundamentals are poor, will need constant good news & a working chain long term to reverse market sentiment.
Ethereum has been in free fall for sometime.
it recently traded at $5.88 to the ETH, a 7 month low.
that was from its previous level of $12 at the end of October 2016 to nearly half of that as of Dec. 6, 2016.
Since china meetup 3 months ago where price was at 2400 recent low was 750 with the BTC ratio taking the biggest hammering, when btc has gone down or been sideways Eth has continued to go down in BTC ratio.
There was a big short squeeze at the bottom with bigger short positions from months back taking profits & thin book cause a fomo with some speculators buying back in.
Why is it falling ?
at least four hardforks or more, lost count.
which have left investors impatient and exhausted. it started forking at the DAO hack & never stopped.
The proverbial last straw seems to be November’s accidental hardfork, which resulted in Ethereum’s two main clients, Parity and Geth, losing consensus.
Market sentiment is very bear. there is no reason for that to change anytime soon.