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1177, Sino Biopharm - Trailing Stop and Ascending TriangleHKEX:1177 After our long entry on the head and shoulders of reversing, we are managing the position by gradually moving the stop profits below the last lows. Currently an upward triangle is forming within our trailing stop, which if it broke the resistance level would probably further give a bullish input and benefit the position value. Trading is an activity that requires patience, and if you succeed you can really have great satisfaction.
HKEX:1177Long
by SwissTradingSchool
ridethepig | Copper Driving China Capital Flows As you can see the strong relationship Copper has with Chinese equities, you will notice what has been the case for these final stages of the economic cycle, metals have been moving miles ahead of equities. We got the floor set in Copper as widely expected all year: Any dips now look competitive: Copper has been allowed to outperform Gold: Bulls need to reclaim the highs in Chinese Equities after the -10% leg: A weaker USD will help reinstate a bullish outlook for Copper, support clearly seen at $2.715, then $2.675 - which I expect to hold. Thanks for keeping the support coming with likes and as usual jump into the comments with your charts and views to open the conversation up for all!
OANDA:XCUUSDLong
by ridethepig
Short or Take Profit $HSI ahead of Hong Kong Retail Sales YoYI'm reducing risk and taking a few positions off the table on the HK Market. We have a great run in the last few weeks. Price is at the top of the channel and I cannot see much upside from here. 29,000 at max. On Friday, it is the Hong Kong Retail Sales YoY data, I am expecting it to be negative because of the Hong Kong Protest. Source - Trade Economic. Hong Kong Retail Sales YoY The volume of retail sales in Hong Kong tumbled 26.2 percent year-on-year in October 2019, following a downwardly revised 20.3 percent slump in the previous month. It was the largest annual decrease in retail trade since at least October 2005, after almost six months of violent anti-China protests. Sales declined mostly for jewellery, watches & clocks (-46.9 percent vs -44.3 percent in September); clothing & footwear (-34.2 percent vs -22.8 percent); department stores (-31.8 percent vs -25.9 percent); other consumer goods (-28.5 percent vs -19.7 percent) and food, alcoholic drinks and tobacco (-17.5 percent vs -19.5 percent). Year-to-date, retail sales shrank 10 percent compared to the same period a year ago. Retail Sales YoY in Hong Kong averaged 4.66 percent from 2005 until 2019, reaching an all time high of 30.60 percent in February of 2010 and a record low of -26.20 percent in October of 2019. 2020-01-03 08:30 AM Retail Sales YoY Nov Forecast- -23.5%
TVC:HSIShort
by johninvest17
1
Getting ready for a difficult week and analyzing key eventsThe previous week for the foreign exchange market was marked by record-low volatility. Even the blackest Friday of the year did not desire to buy or sell actively anything. The informational background of the week was relatively calm. Negotiations between the US and China were moving somewhere, according to the assurances of the parties. But the markets are tired of talks and waiting for actions. And then Trump signed an extremely irritating China law to support Hong Kong protesters. That hypothetically could disrupt the entire negotiation process. In general, so far everything is not that clear, which means potentially unstable. Accordingly, this week we are looking for opportunities for the purchase of safe-haven assets. The points for this are very prospective, in terms of profit/risk per trade. The upcoming week will be interesting. Statistics on the US labour market will be published on Friday, which is expected to lead to strong movements in dollar pairs. Also, OPEC will meet on Thursday, which in theory could provoke an explosion of volatility in the oil market. According to experts, Saudi Arabia may put the question point-blank of non-fulfilment by several members of their obligations under OPEC +. Actually, it is the efforts of the Saudis that keep afloat the conditions for reducing production by 1.2 million barrels. If Saudi Arabia decides that they are done, the oil will fall quickly and violently (see oil dynamics on Friday). In this light, let us recall our recommendation to sell oil as a basic idea for working with oil under current conditions. Another important news that worth noting is the announcement of the Bank of Canada decision on monetary policy parameters, data on Eurozone GDP and US business activity indices. So far, our position on the dollar is unchanged - we are looking for points for its sales. But a series of a confident macroeconomic positive outcome may make us change our position, at least in the short term position. So we will closely follow the news.
FOREXCOM:XAUUSDLong
by Trade24Fx
US records, Trump irritates Sino & Johnson is ready to celebrateMost Americans, as well as financial markets, received the day off from work on Thursday, therefore, we can focus on other financial markets. In today's review, we will focus on the oil market. Recall that next week the OPEC meeting should be held, which could potentially change the existing balance of forces in the oil market. But we will talk about this meeting later. Now let's focus on the current state of affairs. Oil growth last week was highly dependent on optimistic news about the progress in negotiations between the US and China. Accordingly, traders worked out a possible increase in demand in the oil market. But, as we already noted in the previous reviews, the markets are already tired of promises and waiting for results. Accordingly, oil growth stopped. The participants in the oil market can be understood, especially considering that Trump has nevertheless signed a law to support protesters in Hong Kong. Potentially, this could cause a new round of escalation in relations between the USA and China and another breakdown of the negotiation process between the countries. At the same time, statistics from the US come out bearish. First of all, it is about the USA reaching a new record in oil production: 12.9 million barrels per day. The result was an increase in US oil reserves, which in aggregate puts pressure on oil quotes and not only does not allow the asset to grow but also pulls it down. Our position in oil is as follows: we look for points for selling the asset on the intraday basis and sell oil in the medium term (current prices are quite favourable for this). But lets back to other news and markets. According to a YouGov poll, conservatives will win and get the vast majority in the December 12 elections in the UK. This means that Johnson will have every opportunity to ratify his Brexit deal. Thus, the probability of exit without a deal has become even more insignificant. For the pound, this is undoubtedly good news. Recall that its growth potential is far from exhausted. We are talking about 500-1000 points of the possible growth of GBPUSD. So we continue to recommend buying a pair.
FX:USOILShort
by Trade24Fx
China makes concessions, Johnson's manifesto & Societe forecastsOn Monday markets were waiting for the successful completion of the first phase of trade negotiations between the US and China. This time, a positive signal was China's willingness to increase the punishment for violating intellectual property rights. China's regular violations of these rights that particularly irritated the United States and largely hindered negotiation progress. Information about the victory of the Democrats in Hong Kong also helped to relieve tension in the financial markets, as there is hope that this conflict can be resolved peacefully. Against the backdrop of such news, the decline in safe-haven assets seemed quite understandable on Monday. However, while we do not see any reason for global repositioning, we will use this decline in gold and the Japanese yen as an opportunity to buy safe-haven assets cheaper. Moreover, there is a “Trump factor”, which literally can turn the situation upside down. For example, sign the bill on human rights and democracy in Hong Kong or blame China for intransigence, etc. In addition, the global crisis is still potential. For example, analysts at Societe Generale expect a recession in the spring of next year. According to experts of the bank, the next recession in the United States will be triggered by a sharp reduction in company profits, which, in turn, will be caused by the rapid acceleration of labour costs. Yesterday was pretty successful for the British pound. The fact is that on Sunday, Boris Johnson has launched his party’s manifesto, in which he promised before December 25 to submit to the parliament an agreement on Brexit, agreed in October with the EU. According to surveys, the Conservative Party is now supported by 42% of voters, and the Labor Party - 29%. That is, with such a scenario, there is no risk of Britain leaving the EU without a deal, but the growth potential of the pound is far huge. So we continue to give preference to purchases of the pound, but until the announcement of the election results, we do not expect strong directional movements in the pound and recommend adhering to oscillatory trading, that is, buy the pound from hourly oversold zones and sell from hourly overbought zones. As for our other recommendations, today we will sell a pair of USDJPY, buy EURUSD, and also sell oil.
FOREXCOM:XAUUSDLong
by Trade24Fx
What to expect this week: main events and our recommendationsThe volatility in the foreign exchange market reached its minimum in recent years. The VIX Fear Index was also confidently at the bottom. The absence of significant events entailed the absence of strong movements in the foreign exchange market. Friday perhaps was the exception. Another weak statistics from the Eurozone and the UK contributed to the activation of sellers of the euro and the pound. The main concern for the markets was the adoption by the US Congress of an act in support of protesters in Hong Kong. China reacted extremely painfully to this, considering it was interference in its internal affairs. And since the first phase of the trade deal between the US and China is already at the finish line, this could potentially lead to the disruption of the deal. But on Friday, Trump said he would veto the bill. In the USA, in the meantime, the impeachment process continues, which in itself is a kind of guarantee against a sharp rise in the dollar value in the foreign exchange market. So, despite the activation of buyers of the dollar on Friday and sellers of safe-haven assets against the background of such news, we still see no reason to revise our trading preferences. And on Monday we will buy the pound and the euro against the US dollar, and we will also buy gold and the Japanese yen. Rising oil prices stopped on Friday, as we expected, our recommendation to sell oil has become even more relevant. Do not forget to sell the Russian ruble as well. As for the upcoming week, it has a chance to become low-volatility. Data on US GDP is formally extremely important, but it will be a revised value, that is, the probability of surprise appear is low.
Long
by Trade24Fx
China 50 Reversal PatternThe daily chart of the China 50 gave us a reversal trigger on a Friday. Going forward this week would ideally like to see how the market opens to see if it can give us a pullback. The market structure is apparent. Higher lows and higher highs. We hit a resistance and from here the higher lows (uptrend) began to weaken. From here, we created and confirmed our first lower high with the break of the neckline on the head and shoulders pattern. I would watch to see how price reacts at the 13400 zone, but main target would be 13000.
FOREXCOM:CHINA50Short
by Uncharted-FX
How to make money on a pound and what to do with oilThe situation in Hong Kong continues to escalate. Trump promises to sign a scandalous law to support demonstrators, which is extremely describing China. And although the US and China declare progress in the negotiations, in such conditions, it can break at any moment. So we continue to look for points for purchases of gold and the Japanese yen. As for the other news - the impeachment process continues in the USA, the UK is preparing for the elections and Saudi Arabia for the IPO Saudi Aramco. In light of the upcoming elections and the uncertainty with its outcome, we can’t count on the growth or decline of the pound in the next couple of weeks. But on the other hand, understanding this opens the doors for aggressive intraday trading without explicit preferences. So, we are armed with hourly oscillators and actively trade GBPUSD. Oil has grown quite well over the past couple of days amid information about rising oil reserves in the US, as well as increased tensions in the Middle East. These events are not one of those that can significantly change the balance of power in the market. So Friday looks like a great day for oil sales. First of all, we are waiting for business activity indices to be published in the Eurozone, the UK and the USA. Also, pay attention to retail sales in Canada, as well as the speech of the new head of the ECB Lagarde. Given that markets are now very sensitive to macroeconomic statistics, even relatively minor data can trigger a surge in volatility. Well, from the new head of the ECB, her vision of monetary policy in the Eurozone has long been expected.
FOREXCOM:XAUUSDLong
by Trade24Fx
My new favorite stockAnything can happen :) Usually ponzi schemes (this is how I call hype greater fool bubbles) fall in 2 way: 1- Go up slowly fall fast (Enron I guess) ===> Retail and bad funds either want to secure the gains they waited so long for, or the weak uptrend got them in partial disbelief so they believe it can go very low and want to get out asap. They often get tricked into selling right before the uptrend resumes. 2- Go up fast fall slowly, such as in the following 2 examples: ===> The mania very rapid gains got people really excited, so they refuse to sell and so the price declines very slowly. They are persuaded the price will not get much lower and the downtrend is just temporary. This is often the most dangerous noob bait and they end up holding bags for a very long time. It is not always the case, and also the timeframe is not always the same, like it could have gone up slowly on the weekly and fast on the daily and the dialy bubble pops but weekly is not in a bubble, etc. It's a general idea thing. It is an intuition thing can't really define it you either get it or you don't.
HKEX:3313Education
by MrRenev
5
Hong Kong as a black swan and its consequences, FOMC protocolThe other day we wrote about the calm prevailing in the financial markets and the absence of “black swans”, which can turn the situation upside down and provoke a sharp surge of volatility. Judging by how events are developing, Hong Kong could become such a “game-changer”. And the point here is not even the intensification of protest activity in the country and its transition to the bloody phase of the confrontation, but the reaction of the world to these events. In particular, the US Senate passed a bill in support of demonstrators in Hong Kong. Since the events in Hong Kong are extremely important for China, they view such US actions as extremely hostile and painful. In particular, China said it would retaliate. All this happens on the eve of the final rounds of the first phase of negotiations between the US and China, the positive outcome of which is already included in current market prices. So the aggravation of the situation may well provoke a breakdown in the negotiation process, and we will return to the situation when countries actively exchange new tariffs, that is, to intensify trade wars. Although this scenario is relatively unlikely, you should not write it off. Moreover, investors are already trying to discount under a possible negative, and the press is beginning to "disperse" this topic. Accordingly, our recommendations for buying safe-haven assets continue to be relevant. In general, in which we note that a critical mass of reasons to start a full-fledged financial crisis has already been formed and the whole issue is in the trigger. The conflict between the two largest economies in the world - what could be the best candidate for the role of a catalyst? The United States yesterday reported good statistics on the real estate market (building permits grew in October by 5% with a forecast of a decline of 0.4%), but the ongoing hearing about the impeachment of Trump does not give traders a reason to concentrate on buying the dollar. FOMC protocols have given little to the markets in terms of understanding the Fed’s future moves. A pause is a current vector in betting policy. Our position on the dollar remains unchanged: we are looking for points for its sales. Moreover, every day such opportunities appear in one or the other pair. For example, a pair of USDCAD was a good substitute.
Short
by Trade24Fx
ORBEX: EURGBP Ready To Reverse? AUDJPY Still Correcting!In today’s market insights video recording, I talk about EURGBP and AUDJPY FX Minors. Euro is affected by a report that a phase-1 deal is highly unlikely by the end of this year as the Chinese want rollbacks pushed to May 2020 and the US Congress just passed a bill supporting Hong Kong protesters; going against China again!? Safe-haven flows were also increasing of course, following the report, allowing yen to appreciate against risk assets with AUDJPY attracting our attention once again! Pound, on the other hand, is somewhat muted as the first televised debate between Boris and Corbyn was seen as a draw. This means that the euro's somewhat better performance could allow EURGBP reverse and move higher!? Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
Yen feeds from continued risksThe Japanese yen keeps a path of gains as the Sino-US trade war remains unresolved and anti-Communist protests in Hong Kong intensifies in violence. The euro saw now major change after the German economy dodged a recession in the year's 3rd quarter with a GDP figure of 0.1 percent. The pair price resumes its downward trajectory towards the lower line of the more recent, ascending channel. 119.00 and later if the drop in price increases 118.50 can be watched.
Short
by LimitMarkets
Hang Seng: Symmetrical patterns show an extended uptrend to at lThe index has broken above the multi month descending channel that started on April's peak with a clear cross over the Lower High trend line (dashed line) on very healthy bullish 1D price action (RSI = 66.138, MACD = 47.598, Highs/Lows = 433.2348). Since both 1W and 1M turned neutral (RSI = 54.126 and 51.251 respectively) we are looking at previous candle patterns for clues. So far we have spotted striking similarities with the October 2018 - January 2019 price action. Similar lows, High and rejection around 27,300 and then a continuous bullish sequence. Based on that symmetry we have set the following targets: 29,000, 29,500 and 30,200, which should be used in accordance to each trader's risk approach. A Golden Cross on 1D (as it happened in March) will further validate this outlook. In September we've made a similar analysis with targets based on Fibonacci retracements and is already near the first target: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:HSILong
by InvestingScope