JPMorgan / testing Monthly EMA50.If you are a long-term investor, I would wait
JPMorgan Chase & Co.testing Monthly EMA50.
38.2% correction since 2009 low.
RSI monthly 44-
RSI weekly oversold 25, but no divergence.
Too risky to short, to early for long-term buying.
Long-term stock investors still shouldn’t buy the dip, but it’s an opportunity-filled environment for pro traders.
If you are a long-term investor, I would wait........
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Jpmorganchase
JPM Dark Pool Quiet DistributionJPM has been running well over the past quarter. However, as the fractional and odd lot new investors buy, the giant Buy Side Institutions are selling. The white candlesticks over the past few days reveal just how heavy the Dark Pool large lot selling is, as the gains are below the previous highs. The risk is that the new investors may run out of capital, which could create a sell down at least temporarily.
ANALYSIS OF JP MORGAN 20.11.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 131.10
• Take Profit Level: 132.50 (140 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 130.00
• Take Profit Level: 129.50 (50 pips)
USDJPY
A possible short position in the breakdown of the level 108.30
GOLD
A possible long position at the breakout of the level 1479.00
USDCHF
A possible long position at the breakout of the level 0.9920
GBPUSD
A possible long position at the breakout of the level 1.2990
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Analysis of JP MORGAN 18.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 121.40
• Take Profit Level: 123.00 (160 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 119.00
• Take Profit Level: 118.50 (50 pips)
USDJPY
A possible long position at the breakout of the level 108.75
GOLD
A possible short position in the breakdown of the level 1484.00
USDCHF
A possible short position in the breakdown of the level 0.9865
GBPUSD
A possible long position at the breakout of the level 1.2920
Last week outcome and current market statement ISM Manufacturing Index report announced on Tuesday was the main event last week. Recall, the Index fell to its lowest level since June 2009 - 47.8 points (below 50 means decrease inactivity). As a result, the dollar has undergone the most massive one-day sales over the last month.
However, the sale did not receive further development. The markets were waiting for the statistics on the NFP (unemployment fell to 3.5%, which is a record low for the past few decades. NFP figures are close enough to the forecasts and market expectations. Nevertheless, the dynamics can be traced more clearly (downward trend). So after Friday’s data to come out, the Fed has untied its hands to reduce rates in October (currently the markets estimate the probability at 76%). We also note that lower wage growth is also another enable signal to lower the interest rate.
So, our position as for the dollar has not changed, but rather strengthened. We will continue to look for points for its sales across the entire spectrum of the foreign exchange market. Moreover, the US has not only economic but also political problems. The beginning of the impeachment procedure, regardless of its outcomes, is a negative signal for the US dollar.
As for the upcoming week, it will be relatively calm on Wednesday, the markets will look through the minutes of the last FOMC meeting, on Thursday data on the UK economy (GDP, industrial production), as well as inflation in the USA, on Friday, attention will be focused on statistics on the Canadian labour market, as well as consumer sentiment in the USA.
Of our other preferences, we note the purchase of gold, as well as the Japanese yen. According to analysts at JPMorgan Chase, the 4th quarter in the last 10 years is the most unfortunate period for the Japanese yen. So do not forget about the stops and control the volume of entry.
In the oil market last week, everything was following our forecasts. Goal 51.20 has been achieved. After that, the bears recorded profits on Friday. It is still difficult to say whether this fixation will turn into a full-fledged correction. So we will spend the beginning of the week neutral regarding oil - we will observe how events will develop and we will monitor the news background.
LONG - JPM - Trading OpportunityNYSE:JPM trying to break the resistance that has been stopping it for the past 2 years, with the monthly candle closing tonight, it will probably have completed the breakthrough, which means that a good entry with a stop loss below is quite the safe trade, as it hasn't pumped much past the resistance, but enough to confirm our idea.
Target 1: 136
This is where we will take our first share of profits, then we will proceed with a trailing stop-loss.
SL: 106.99
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Analysis of JP MORGAN 11.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 117.10
• Take Profit Level: 119.00 (190 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 115.50
• Take Profit Level: 115.00 (50 pips)
USDJPY
A possible long position at the breakout of the level 107.85
GOLD
A possible short position in the breakdown of the level 1483.00
USDCHF
A possible long position at the breakout of the level 0.9945
GBPUSD
A possible long position at the breakout of the level 1.2390
Positive from China, money from Japan, the best deal of the weekThe markets somehow calmed down after the shock caused by Trump's tweets. The reason is that the information that China is not going to withdraw the negotiators. This week a Chinese delegation will arrive in Washington for the next round of talks. This is a confirmation of our assumption that Trump's tweets should be responded calmly since this is nothing more than a form of pressure on the negotiators. Another example of similar negotiations we observed was between the USA, Canada and Mexico. The result is well-known - a successful completion with a benefit for the United States, of course. So something similar is happening now.
However, the Fear Index (VIX) does not think to go down. Accordingly, our recommendations for finding points for gold and Japanese yen buying as well as oil sales remain relevant.
Strategists at JPMorgan Chase & Co, meanwhile, are wondering where the $ 400 billion of Japanese investors will get, which they will receive after redeeming Japan’s government bonds. The amount is more than serious and any of its directional movements, especially one-time, will greatly influence the dynamics of prices in any market. It is quite possible to observe a carry trade wave, which will contribute to the weakening of the Japanese yen. So if a strong movement on sales of the yen suddenly begins in the foreign exchange market, you should not stand in its way. Recall, at one time Soros needed about $ 10-15 billion to crush a pound by 15-20%. Accordingly, $ 400 billion is very serious.
Markets will focus on working out the current fundamental background and price trends on Wednesday.
Recall that this week’s most promising position is buying of the Australian dollar that has been chosen by us. Since the Bank of Australia did not substitute the national currency and showed restraint in the comments (there were no hints at the prospects for reducing the rate), the current points continue to be extremely attractive for mid-term trade with targets of 300-400 points and stops no more than 100.
Our vision of the most promising positions for trading today are unchanged: buying of the Australian dollar and the euro against the dollar, sales of oil and the Russian ruble, as well as buying of gold and the Japanese yen.