EURAUD Post News Trade Short + 100 Pip PotentialWe had a good push down on the AUD Interest Rate decision and this pair has now gone into a consolidation between 1.64752 (High) and 1.64418 (Low). Moreover, it is now below the 60 and 15 min KS, as well as the 15 cloud.
Entry = 1.6474
Stop = 1.6494
Risk = 20 pips
Profit target = 1.6374
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
Newstrading
ECB strategy, record pessimism amid record greedYesterday, the ECB expectedly left the parameters of monetary policy in the Eurozone. This was predictable, so most were interested in the new strategy of the Central Bank. But Lagarde greatly disappointed the markets, saying that before November-December, one could not count on any clarity in this matter.
Thus, the euro will not have to rely on support from the ECB in the foreseeable future. So the decline in the single European currency was quite natural yesterday. Not even Lagarde’s remarks on the fact that moderate growth was observed in the European economy did not help.
In general, the euro continues to look attractive enough for sale. Increase pressure on the euro and sales in the EURJPY pair, which we recommended selling the pair when it was quoted above 122.
PricewaterhouseCoopers recently announced the results of a survey of heads of major world companies. We have already analyzed the results of a similar survey from Deloitte and note that PWC confirmed the previous results: the business is experiencing record pessimism since 2009. Only 27% of company heads expect improvement in the economy. Most expect a slowdown in the global economy. Characteristically, the most pessimistic leaders in the United States. Which once again convinces us of the correct course on sales in the US stock market. Meanwhile, the fall of the Chinese Shanghai Composite Index by 2.8% on the last trading day before the lunar New Year, was the largest drop in eight months.
Naturally, with such a level of pessimism, purchases of safe-haven assets look great. So today we will continue to look for points for buying gold and the Japanese yen. Again, the epidemic in China is in the process of development: the second large city, Huanggang (population about 11 million people), has been closed for entry and exit. Railroad interrupted with the city of Ezhou.
Friday promises to be a rather volatile day. Data on business activity indexes for the Eurozone and selected European countries, as well as the UK and the USA, coupled with statistics on retail sales in Canada, practically guarantee that it will not be boring.
UK labor market gives the BoE's room for maneuverThe main event of yesterday in terms of macroeconomic statistics was the publication of statistics on the UK labor market. The data pleasantly surprised. Recall that we expected rather weak statistics - the British economy has been painfully unconvincing in recent times.
Nevertheless, the UK economy for three months until November created 208K new jobs, which is almost 2 times higher than analysts' expectations. The average weekly wage also came out better than expected (+ 3.2%).
Against the background of such data, supporters of the fact that the Bank of England will lower the rate at the next meeting sharply fell silent. Indeed, data on the labor market show that the Central Bank has no reason to rush. This sharply increased the chances that the bet will be left unchanged. The pound, of course, reacted positively to statistics and a shift in market expectations.
Recall in this regard to our recommendation to buy a pound on the slopes.
In general, for Europe yesterday was a good day. Indices from the ZEW Institute came out very good (relative to past data) both in the Eurozone as a whole (the expectations index came out almost 2 times higher than in December) and in Germany (the expectations index was +26.7 with a +15 forecast). So the growth of the euro looked quite natural. But for its continuation, this impulse will be clearly not enough.
In this regard, Thursday looks more promising: on this day, the ECB will announce its decision on the monetary policy parameters in the Eurozone. But we'll talk about this in tomorrow's review.
And today, the main event will be the announcement of the Bank of Canada’s decision on monetary policy parameters. Experts do not expect any changes. We are also inclined to believe that the bid will be left unchanged. But given the general trends in the development of the global economy in general and in Canada, in particular, there are risks of a rate reduction. Moreover, the reduction potential is far from exhausted, unlike the ECB or the Bank of Japan. Considering that the USDCAD pair has been treading water for two weeks now, fluctuating in the range of 50 points, there is a possibility of a strong movement in pairs with the Canadian dollar today. Moreover, the direction of movement is not obvious. Our recommendation in this regard is to work along the way. That is, if the pair goes above 1.3090 - we buy, if below 1.3020 - we sell.
Central Banks week and the IMF head expects a crisisMonday turned out to be a fairly calm day for financial markets. The reason on the surface is a day off in the USA. So today it will almost certainly be more volatile and interesting.
The Bank of Japan set the pace to the news background early in the morning. Monetary policy parameters were left unchanged. The press conference will be somewhat later than the publication of this review, so if any interesting details come up, they will talk about them tomorrow.
Today will be interesting statistics on the UK labor market. Considering how disastrous the data on the British economy last week was, one should not expect any positive. Nevertheless, we continue to believe that Brexit is the main driver of the pound, and statistics in the current reality can lead only to local movements. Accordingly, weak data, of course, will provoke sales but are unlikely to lead to the formation of a trend. This means that purchases in intraday oversold areas remain relevant to us.
Let's get back to the events of yesterday. Perhaps the most significant was the opening of the oil market with a gap up. The reason is concerns about the supply on the market. The fact is that Iraq and Libya drastically reduced oil production. In Iraq, because of protests, in Libya, because of armed groups that blocked the pipeline. And although it is very likely that these force majeure are temporary, we recall our recommendation to buy oil, which continues to be relevant in the current conditions.
We also continue to be supporters of the impending crisis, or at least the strongest correction in the US stock market. So it was nice to note the replenishment in our ranks. The head of the IMF, Kristalina Georgieva, in her last interview, compared the current situation to what was happening in the world on the eve of the Great Depression. A key common feature of the 1920s and the present situation is excessive financial squandering. According to the head of the IMF, depression cannot be avoided. The whole question is only in time.
In this regard, we recall our recommendations on buying safe haven assets (gold in the first place and Japanese yen in the second), as well as the “trading idea of the decade” - in the sale of shares of high-tech companies in the US stock market.
The US & China, Russian reforms and an oil situationAfter the United States and China completed the first phase of negotiations, the result of which was not as rosy as many expected, the markets decided to take a break and continued to develop existing trends.
Note that the current optimism has exhausted itself. But the negative on the horizon more than enough. Only the first step has been taken. Now the parties need to move on and begin the negotiation process on phase number 2. Given that the first phase was an extremely painful process, we are waiting for a problem on the way to the second.
Do not forget also that the first phase still needs to be performed. For example, China must buy hundreds of billions of dollars of agricultural products from the United States. Not the fact that he will do it.
Therefore, you should not expect a happy ending in the foreseeable future. Accordingly, we continue to look for points for the purchase of safe-haven assets both within the day and in the medium-term - gold and the Japanese yen.
The growing pressure on the oil market is largely due to market concerns. Trade wars have shown themselves to be extremely destructive. Their continuation is further damage to the global economy, which in turn will lead to a decrease in oil demand.
Nevertheless, we consider current oil prices favorable for intraday purchases (with small stops). The situation in Iran is very unstable; in Iraq, too, not everything is calm. That is, problems with the supply of oil on the market can arise at any time.
In the news plan, the most interesting continued to happen around Russia and the Russian ruble. A more detailed analysis of the situation and our recommendation to sell the Russian ruble we will do in a separate review. In the meantime, we note that many experts perceive the dissolution of the Government and Putin's initiative to amend the Constitution as the next qualitatively new level of the usurpation of power. Which in itself is bad, because it deprives at least some hope of a change in the course and manner of behavior of the Russian Federation in the international arena with all the ensuing in the form of sanctions and the role of the rogue state.
As for macroeconomic statistics on Thursday, the main event of the day was the publication of data on retail sales in the United States. The data came out exactly as part of the forecasts.
Today, in the news plan, it is interesting with data on China's GDP (released as part of forecasts), as well as retail sales in the UK, inflation in the Eurozone and industrial production in the United States. In general, the day promises to be eventful, which means movements in the foreign exchange market and, accordingly, the possibility of earning.
The end of the positive, pressure on the pound & BoEThe US and China have signed documents for the first phase of the trade deal. It would seem that this has been expected for a very long time and this is an excellent occasion for a mass exodus from safe-haven assets and another injection of capital into risky assets. But it was not there. Gold yesterday was more than comfortable, and the Japanese yen in the foreign exchange market stopped pouring.
The reason for this market behavior is that most US tariffs on Chinese goods will continue until the second phase of the agreement is signed. So, we can again recall the slowdown in the global economy as a result of trade wars, and the ghost of a global recession has become more tangible.
In general, we continue to recommend the purchase of safe-haven assets. The inability of gold and Japanese yen sellers to use their main reason to intensify the decline in prices for safe-haven assets very clearly signals their weakness.
Another pretty important event yesterday was the publication of inflation data from the UK. Unexpectedly, for most experts, inflation slowed to a three-year low (annual consumer price inflation in the UK fell to 1.3% in December from 1.5% in November). Considering that the issue of lowering interest rates by the Bank of England has recently been actively accelerated among analysts, now there are many more reasons for this. Actually, many are waiting for a rate reduction this month.
Formally, the pound is a strong bearish signal. But we will not rush to sell it anyway. Recent events show that Brexit has been and remains the main driver of the pound's dynamics. It is news from these fronts that can provoke the formation of directional movement in pound pairs.
And since Brexit is going according to plan so far, we see no reason to revise our recommendation for pound purchases intraday and medium-term. Recall that with favorable developments, the growth potential of the pound paired with the dollar is about 1000 points.
From yesterday's data, it is worth noting also the weak data on industrial production in the Eurozone: -1.5% with a forecast of -1.0%. In this light, recall that the EUR/JPY pair is still at excellent points of sale.
Today, all financial markets are focusing on US retail sales data. We will prepare for weak data, and accordingly, we will look for points for its sales in the foreign exchange market. The best candidate for this role is the USD/JPY pair.
We consider the dissolution of the Government in Russia and the plan to redistribute the system of power in the country as an excellent opportunity to sell expensive Russian rubles. The usurpation of power from the point of view of modern history has rarely led to something good for the country's economy.
EURNZD News TRade Set-up + 61 PIp PotentialNZD strengthened after RBNZ Gov. Orr’s press conference and this pair has now gone into a consolidation between 1.6932 (High) and 1.6890 (Low).
Entry = 1.6931
Stop = 1.6951
Risk = 20 pips
Profit target = 1.6870
Reward = 61 Pips
RRR = 3.-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Allen
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I0_USD_of_Warren_Buffett
USDJPY – Buyers became leaders at the momentUSDJPY – Buyers became leaders at the moment
Trend: Strong Buy
Support/Resistance:
R2: 110.295
R1: 109.718
S1: 109.049
S2: 108.803
S3: 107.787
Price action:
In this trade idea, you can see how buyers were pushing price without any swing/denial by sellers. Actually buyers break sellers, before sellers were able to handle position at level 108.803. So buyers has to maintain above first support level at 109.049, to lead price higher to next Bulls targets.
Potencial trade idea:
Bulls targets:
T1: 109.718
T2: 110.295
NOTE – We are trading USDJPY via the preferred trading setups
ELITEFXACADEMY
Momentum Falling on MSFT?Some of the bigger names seem to be traded with a "sell the news" response to earnings. See FB, AAPL, NFLX, for examples. All popped to highs at the open and were sold off for the next day or two, or more. Will we see the same on MSFT? If it does pop to the top, I've got 145 as a first target. If it pushes past 149, there I would take the loss, if I got short. Since it is already at all time highs, what is the likelihood of profit taking at these prices? Who is willing to pay higher prices for MSFT? I've pasted a link to another chart below. I'm looking forward to your response.
www.tradingview.com
Euro Next Week Note: Technical analysis is not a divine book
hi Traders
Next week we analyiz DXY > EXY > DOW > EUUSD and The result we got
BUY Limited 1.11555 ... T/p : 1.13000 ... S/L : It depends on Monday's economic data
Sell limited 1.13013 ... Stop loss : It depends on Week economic data ... maybe in 88 days 400 pip have profit
Say your Opinion :)
Nothing has changed! All eyes on trade meetings.Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a swing trader. Please keep that in mind when you view my charts.
As always, I appreciate each and every comment and follower! Good luck to all, and may we ALL profit!!
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$RESN Chance To Break Previous Highs?Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance
"Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are designed. Yesterday, it announced that it had reached an agreement with radiofrequency and module provider Murata Manufacturing Co." *
About RESN
Resonant Inc is a late stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for mobile device industry.
SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
FTMBTC Breakout | Bullish News Idea Idea is Very clear with 4 hour closing
possibilities that we can touch 100 ema and try to settle above but no one here to give money
so people trying to hold this level just because we are just retraced from breakout or above the Trend line
after closing of 4 hour candle direction is very much clear