GBPJPY - Entering BUY Zone - Potentially 250 PIPS up for grabs140-139 is a key support level on the daily candles
Plan is to enter a smaller position now and add size at 139.30 if there is a break below 140.00.
Stop loss is set below 138.50
First resistance level of take profit level is 142.70 and 144 in extension
Oversold
CMPY looking for a HUGE MOVE today! [Details Inside]=====================
CMPY (Comepay Inc.)
Alert Price: $1.57
Chart Analysis
Float: 4.947M
========================
Members,
Are you ready to end the week with a monster mover?
If so, we ask that you turn your immediate attention to CMPY (Comepay Inc.).
An Epic Bounce in the Making for this Low-Float Alert
With it's tiny float of 4.947M, CMPY is extremely volatile, and has the potential to deliver gains of well over +100%!
Take a look at some of these past monster moves that CMPY has made:
On 4/22 shares jumped from $1.56 to a high of $3.14 the next day. Gain of 100%!
On 4/30 shares jumped from $1.50 to a high of $2.00 the next day. Gain of 30%!
Shares hit as low as $2.00 in March and then as high as $4.38 last month for a move of 119%!
After a pullback of over 18% yesterday, shares of CMPY are now back at that attractive $1.50 range.
Let's not forget that CMPY operates in a red hot FinTech sector, and has big name customers like Volvo, Asus, and Bosch.
We also see several Bullish Catalysts for CMPY that could trigger a major reversal to its recent downtrend:
An RSI of 38 (Very Close to Oversold Territory)
Based on our very own chart analysis, we see the realistic potential for a +218% move.
Plans to Uplist this Year
Concluded an agreement with the National Payment Card System (“NSPK”) for the use of contactless payment system “Mir” for the Cassatka Mini series of smart terminals.
Their wholly owned subsidiary Chek-Online LLC, a leading manufacturer of fiscal cash registers in Russia, and developer of the family of Cassatka smart terminals, has again added increased functionality to its smart terminals by integrating merchant acquiring services from two large banks in Russia for its versatile handheld Cassatka-Mini terminal.
Chek-Online LLC, added increased functionality to its smart terminals including the Unified State Automated Information System (“USAIS”) app, in order to simplify reporting of alcoholic beverages and products to the Federal Tax Authority of the Russian Federation, including the ability to issue industry compliant receipts for alcoholic products sold.
Added Asus as its newest customer in order to bring their online store compliant with Russian Federal Law 54, requiring businesses and individuals to use federally compliant cash registers, including a fiscal chip for processing sales transactions.
Processes over 10 million customer payments per month and presently has more than 22,000 kiosks across Russia.
Added increased functionality to its smart terminals including the Unified State Automated Information System (“USAIS”) app, in order to simplify reporting of alcoholic beverages and products to the Federal Tax Authority of the Russian Federation, including the ability to issue industry compliant receipts for alcoholic products sold.
Upcoming release of a full-featured version of its app for iOS- and Android-based smartphones and tablets. Chek-online development staff are yet to disclose the name of the app and its exact release date, but expect the app to be launched no later than May of 2019.
Recently signed up Volvo (Russia) for provision of stationary smart terminal units located inside its data centers in Russia.
Entered into a lease agreement with Bosch, a global market leader in electronics and engineering, for provision of stationary smart terminal units located inside its data centers in Russia.
Upcoming release of a full-featured version of its app for iOS- and Android-based smartphones and tablets.
Partnership with Russian retail bank, Post Bank, for purchase and sale of the Cassatka, their fully compliant smart terminal cash register line to meet fiscal compliance legislation across Russia.
We believe that this is the best time to take action for traders looking to catch CMPY's next profitable swing upwards.
CMPY is trading just off its 52-week low, and has an RSI of 38 (Very Close to Oversold Territory).
We see tons of upside potential from here, and anticipate a huge bounceback from CMPY today.
We are asking all of our members to start their research on CMPY immediately, and consider building a position this morning at 9:30AM EST
About Comepay Inc. (CMPY)
The Comepay Inc. (CMPY) group of companies includes subsidiaries, Comepay, RP Systems, M-NN LLC and Chek-online, which have been operating for over 12 years providing instant payments and internet-based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets.
CMPY also leases and sells cash registers and Point of Sale (POS) systems - compliant with the 54-FZ Law - including its recently developed proprietary multifunctional smart POS fiscal cash register system.
CMPY processes over 4.7 million customer payments per month and now has more than 12,700 active kiosks across Russia!
Among those who count themselves as customers of CMPY are auto-manufacturing giant, VOLVO-Russia, and ASUS - the World's #1 Gaming Computer brand.
So it's no wonder this company has already seen Gross Revenues (unaudited) of over $9 MILLION in just the first 9 months of 2018!
Needless to say, if any company is positioned to take advantage of Russia's new law -- it's CMPY.
The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets. The Company also leases and sells cash registers and Point of Sale (POS) systems, including its recently developed proprietary multifunctional smart POS fiscal cash register system. Combining proprietary software and equipment, Comepay processes over 10 million customer payments per month and presently has more than 22,000 kiosks across Russia.
The companies are currently focusing their planned business expansion on the smart POS fiscal cash register system called “Cassatka” in order to help businesses comply with newly released Russian taxation legislation, 54-FZ which requires 1.2 million businesses in fiscal 2018, and a further 1.4 million businesses in fiscal 2019 to install new, federally compliant on-line cash registers.
The Cassatka, Comepay’s multifunctional smart POS online fiscal cash register can process payments and meet fiscal data storage requirements for participating businesses. It is a convenient and cost competitive solution for businesses to meet the new federal taxation requirements in Russia, and is currently being manufactured for distribution prior to June 2018. As the companies expand their business model, we expect to offer blockchain acquiring services and also to accept payments in multiple crypto currencies on the Cassatka.
The Comepay group of companies presently earn revenue from a variety of channels including fee based commissions on payment processing for both cash and debit card payments, software licensing, kiosk placement fees and other rental fees for cash registers and associated equipment. The Comepay companies are looking to expand rapidly in fiscal 2018 and beyond as we introduce and market the Cassatka along with a suite of enhanced user features.
5 Reasons Why We Think CMPY Needs to be on Top of Your Watchlist
THE RIGHT SPACE
How are tech stocks in the market looking? Wall Street will tell you it’s the hottest investment market in a decade. It’s on fire, literally and figuratively.
INNOVATIVE PRODUCTS
CMPY is all about the payments.CMPY uses tech to make payments easier and more efficient. We believe this provides investors a unique opportunity to acquire an interest in an upcoming tech company that could be a leader in the payment industry.
UNDER THE RADAR
Being new to the market and hovering under the radar of Wall Street, we believe CMPY is attractive in comparison to its peers. And up until now, one of the best-kept secrets.
MASSIVE GROWTH POTENTIAL
The market opportunity for CMPY is HUGE! Comepay could take the mobile payment markets by storm.
THE BEST AND THE BRIGHTEST
Boasting a “top-tier technology that is unmatched in the industry”, the CMPY provides a one-stop source for everything payment related.
IS CMPY GOING TO REVOLUTIONIZE ONLINE PAYMENTS?
Comepay, Inc. (CMPY) (“the Company”) is pleased to announce that its wholly owned subsidiary Chek-Online LLC, a leading manufacturer of fiscal cash registers in Russia, and developer of the family of Cassatka smart terminals has disclosed the upcoming release of a full-featured version of its app for iOS- and Android-based smartphones and tablets. Chek-online development staff are yet to disclose the name of the app and its exact release date, but expect the app to be launched no later than May of 2019.
The mobile app is designed to allow all users who have downloaded the platform to easily find outlets that use the Cassatka online cash terminal: view all available products, compare prices, receive discounts and immediately place orders for delivery to any location in the city, paying remotely using their bankcard.
The seller, in turn, will receive a notification about the online order on their Cassatka smart terminal, and will be able to process the order for delivery.
The details of the products featured on the app will be made available using the built-in accounting system provided with the fiscal cash register. Business owners can update their back end system in order for the app to provide details such as products for sale, number of units in stock, price and available discounts. All information provided in the app is automatically synchronized with the individual login account for the business owner and transferred to the app. Data transferred to the app is available for download by any interested consumer.
Currently, more than 20,000 individual businesses across Russia are selling their products and processing payments using our series of Cassatka online cash registers, with new users being added on a daily basis.
According to the Chek-online development team, this app is intended to establish a direct connection between the seller and the buyer, creating a comfortable environment for online. The app is also intended to drive potential customers to mobile storefronts and encourage online trade.
It was important to the Chek-online development team that users can compare both like products from storefronts in the same product category, as well as other product categories. As a result, potential customers are able to create a multi-category basket in the app pulling product from different stores into one easy to use comparison and purchase process. The app is designed to provide all the advantages and benefits that come with other online shopping providers. Customers will easily be able to access the necessary information about the products in order to quickly and efficiently be able to make an informed decision about online purchases.
Recent Developments:
Comepay, Inc. Subsidiary, Chek-online, Concludes Agreement with National Payment Card System (NSPK) on the Introduction of the Mir Contactless Payments System for Cassatka Mini
VAUGHAN, ONTARIO, April 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Comepay, Inc. (OTC PINK: CMPY) (“the Company”) is pleased to announce that Chek-online LLC, a subsidiary of Comepay, Inc. and the manufacturer of the smart terminal and fiscal cash register line “Cassatka” has concluded an agreement with the National Payment Card System (“NSPK”) for the use of contactless payment system “Mir” for the Cassatka Mini series of smart terminals.
NSPK, the operator of the Russian national contactless payment system “Mir” recently concluded an agreement with Chek-online for the supply of materials required to develop customized solutions for the Cassatka Mini mobile smart terminal, including contactless payments.
The Cassatka Mini, designed as a handheld, easily transportable unit to help individuals and businesses comply with Russian Tax legislation 54-FZ is ideally suited for public transport, couriers, taxis and other similar businesses due to the built-in merchant acquiring, the ability to replenish travel card balances and make instant payments for transport, delivered goods and ticket purchases.
The Cassatka Mini is currently processing payments made via the Visa and Mastercard payment systems.
Implementation of the “Mir” contactless payment process shall consist of two stages: (i) technical protocol coordination and (2) full testing of the payment certification process. Once both testing stages are complete, the Cassatka Mini smart terminal will be officially included on the list of supported NSPK card payment devices.
Mr. Dmitry Tsatskhin, CEO of Comepay, added, “Almost all the cards currently being issued in Russia are contactless. However, not all POS-terminals and online payment terminals can accept payments via contactless Mir card swiping. The certification underway for the contactless swiping system integrated with our Cassatka Mini will enable Mir Card holders to make any type of single-swipe purchases at any Cassatka Mini point of sale, further widening the appeal of our highly functional and compact hand held units.”
Market Outlook:
With all the political posturing about Russia, it's easy to forget that this country is growing significantly on it's way back to Superpower status.
Russia's growth rate accelerated from 1.6 percent in 2017 and exceeded the economy ministry's prediction of 1.8 percent as well as the International Monetary Fund's forecast of 1.7 percent.
Whether you agree with Putin or not, one thing is for sure -- he gets things done.
For better or worse, the Russian press hardly ever questions the decisions the government makes or its political leaders like they do in the US.
And when a law is put into place… everyone must follow.
One such obscure new Russian law is called “54-FZ” - which REQUIRES millions of Russian businesses to install new federally compliant online cash registers.
Needless to say, if any company is positioned to take advantage of Russia's new law -- it's CMPY.
Global payments revenues swelled to $1.9 trillion in 2017, the best single year of growth in the last five years.
This return to strong growth is being fueled primarily by sustainable volume increases, rather than less sustainable improvements in revenue margins, for both liquidity revenues (net interest income on liquid assets and deposits2 ) and transactional revenues (fee and float income on payments transactions). Indeed, margin improvement will barely contribute to the $410 billion increase in liquidity revenues between 2013 and 2018. Transactional revenues will increase by $340 billion by 2018 due to higher transaction volumes, despite the dampening effects of more regulation and competition.
Technical Analysis:
As we mentioned above, with it's tiny float of 4.947M CMPY is extremely volatile, and has the potential to deliver gains well over +100%.
On 4/22 shares jumped from $1.56 to a high of $3.14 the next day. Gain of 100%.
On 4/30 shares jumped from $1.50 to a high of $2.00 the next day. Gain of 30%.
Shares hit as low as $2.00 in March and then as high as $4.38 last month for a move of 119%.
After a pullback of over 18% yesterday, shares of CMPY are now back at that attractive $1.50 range.
We believe that this is the best time to take action for traders looking to catch the next profitable swing upwards.
CMPY is trading just off its 52-week low, and has an RSI of 38 (Very Close to Oversold Territory).
Based on our very own chart analysis, we see the realistic potential for a +218% move.
A run back to its 52-week high from today's alert price would result in gains of up to 234%!
We see tons of upside potential from here, and anticipate a huge bounceback from CMPY today.
Start your research on CMPY immediately, and consider building a position this morning at 9:30AM EST
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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AUD/USD Technical analysisThe 4-hour chart of AUD/USD has formed an AB=CD Pattern.
It is currently at the 1.618 Fibonacci extension of BC, which can act as a strong Support.
As the pattern indicates this is a potential profit booking zone and the pair would also find support at this zone.
Also, the RSI indicator is lurking below the oversold region.
Hence we expect the pair to be bullish for the short term.
forexTrdr AUDCAD LOOKING INTERESTING AT SUPPORTAfternoon traders,
Looking at Aussie dollar versus Canadian dollar as it trades around support levels from early March whilst matching up with extreme oversold levels on both RSI and stochastics.
Additionally the move lower appears to be running out stream here both on volume and on price action with the pair sticking in a 30pip range for the past 24 hours.
Our trading view chart should explain our view perhaps better than our description here. We are very mindful of the risk of Trump hitting twitter again with further hard ball talk around China and so we are positioning our lot sizes accordingly.
As always we try to keep our analysis clean and easy for anyone to be able to follow but should you want to learn more then please do get in touch.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
3M (MMM) Overreaction swing series.MMM "3M" is a Dividend King. They have increased or remained dividend level for 56 consecutive years.
Heavily oversold on the daily.
Cup and handle forming on the monthly.
Blue and Grey sky movement through the period of consolidation from historical reference.
3 Month Target $195.
6-12 month Target $220
MANA/BTC 300% to 600% P.P.Hello Friends,
Here is another tricky chart that shows nothing but a continuous channel. All it does is stay within the confines of this channel rarely breaking above the upper channel or below the lower channel. There has been 4 incidences when we saw a spike pass through the upper channel, 3 of which did so in a dramatic fashion and quickly reversed back into the channel. Now we have seen something new on two occasions. The lower channel has been breached and for the first time MANA is oversold.
What does all this mean? If we look underneath the lower channel, we can see several arched green arrows that spans a distance from one high to the next high. Notice how there is a pattern within the arches? The first high touched the upper channel, the next 2 highs were extreme spikes. That is 1,2,3 then the pattern repeats. 1 touches the upper channel, then the following 2 will breach the upper channel. If the pattern holds, then we are due for a spike "if it happens", we are at a 3 count within this crazy pattern idea.
Now let's look at this chart in a realistic way. MANA has never been oversold just as it hasn't breached the lower channel, this tells me we can expect a powerful move upward because we are oversold and had a breach of the lower channel. The indicators for TDS is at a 9 (signal) and there has been a continuous buy signal coming from Bill Williams Fractal ever since MANA became oversold. Fractal says only to buy and not sell. TDS is past the 9 count and in limbo. We are at rock bottom and what goes down must come up at some point. I think we are at that point now.
The other point is that this is a price channel and is on the bullish side of the tracks. The channel itself has not been able to maintain the predictable move up even though on 3 occasions, MANA has surpassed channel expectations. There is a possible chance this time around that when MANA moves to the measured expected move up "seen on this chart as channel target" that it will maintain this position as support in the near future. The biggest advocate is BTCs bull market of late, which has a great influence upon most ALT coins.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you!
CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
ENJ/BTC - 4 Indicators Suggesting a Good Entry.Hello everyone! I hope you're well as usual, today I've discovered an interesting opportunity.
Quick disclaimer: I'm not held accountable for anything you do if you use my charts as trading signals, or a source of financial advice. My posts are simply thoughts and opinions, as well as information that can help educate people or spark discussions.
I'm excited to share with you my first post that isn't about BTC, but instead, an altcoin named ENJ, which is famous for partnering with Samsung.
Here's 4 Indicators I found that maybe worth an entry, let me know what you guys think in the comments below. The list are as follows:
1. Last Support Line at 1988 sats
2. Falling Wedge
3. Level 19 Oversold RSI on the 4 hour chart
4. Risk Management: 4.47-1 trade
1. Support Line
As you can see we've seem to hit the lowest level of support, and it's holding fairly strong as we speak. It doesn't look as strong as the others above it, but its the last one we've got, and if that fails we're looking at 1000 sats, back to its original sideways movement, worst case sceanario.
I believe its important to to consider every possibility. I predict that we won't break the support because alts are currently bleeding right now while bitcoin is currently having its spotlight moment at 6100 USD. BTC will eventually need to retrace down a bit, thus giving alts time to catch up again, in theory.
2. Falling Wedge
The support line isn't the only evidence to suggest we're bullish, we also have our 2nd indicator, the falling wedge. The falling wedge looks like its almost at the finish line, you can see its building up toward a bullish move.
3. RSI
Up next, we have the most important thing of all, the oversold RSI at level 19. This chart is on the 4 hour so you can clearly see its been like this for a while, the volume is telling us that its seriously oversold, which never stays there for long, or shouldn't at least.
When something is oversold, it quickly retraces back into to its comfort zone, which is at levels 30 to 70. At any moment, you can definitely expect a huge pump going vertically within a short span of time.
4. Risk Management
Last but not least, we have our risk/reward management analysis tool. Risk management is above all else. We're looking at a 4.47-1 trade, you have to ask yourself, how much can it dip?
We're almost touching the bottom at 1000 sats, there's really not much to lose, which is why the odds are in our favour, if you can find trades like that everyday, you'll be a billionaire.
In conclusion, I personally think we're going to hold the support, and then climb its way back up over time, whether it reaches the resistance or not its still a good entry regardless, and that's the key of being a good trader, your wins and profits come from good entries, otherwise you're doing it wrong.
Thank for your time ladies and gentlemen. Let me know what you guys think in the comments. Feel free to use my posts as an indicator for confirmation, or something you can use as a reference to your trades.
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forexTrdr AUDUSD - OVERSOLD, 2X BULLISH HARAMI & UPTURN IN STOCHMorning traders,
Lovely technical set up in Aussie Dollar versus US dollar after the recent strength in US Dollar taking this pair to the bottom of its recent 70 to 72 range including what looks like a false breakout yesterday down to 0.6988.
Looking to enter a long at the market following a combination of technicals adding to support. Firstly we saw two back to back bullish harami candle formations yesterday which suggest a future bullish trend. Secondly the pair failed to close below key technical level of 0.70 on the daily and formed a doji candle pointing to a change in future direction. Thirdly RSI has been stuck in very oversold levels and lastly Stochastics is showing a turn higher from oversold levels.
Our only issue is that later today we have US GDP data which may provide US dollar strength. As such the higher risk news event should be considered on sizing this trade.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
My Trade Idea for GBPUSDHi!
I see an interesting moment for GBPUSD. Volumes spiked on 18 April and I see a bearish push toward 1.2865, where GBP found subsequent Longs opens. Some of those Longs already cleared today around 1.3050 area, but I see as well more Longs opened in this area as the pair touched 1.3080 area.
The range of the last hour still constitutes a good are for positioning in the light of tomorrow session, full of news influence.
Personally my opinion is that in the absence of crushing USD data, GBP will grind his road to 1.3150 in the very near future.
On the other hand, crushing USD data (always in addition to the many many other factors) may give boost to a new bearish wave toward the 1.2970 area (11 March low) or even the 1.2865 once again.
This interpretation is provided in the light of the longer-term phase that I can read for this pair.
Have a nice day!
P
XRP oversold moon ticket
XRP can produce tremendous rallies out of nowhere.
Weekly RSI 30-35 is a good signal.
2019 XRP price has performed extremely poorly despite bullish market conditions.
It often displays a different market cycle to other major cryptocurrencies; vastly outperforming the market for the later half of 2018.
EURUSD 1D WILLIAMS %R STRATEGYThe Williams percent R indicator or %R for short is a technical indicator that oscillates between the value 0 and -100. The Williams percent range indicator provides us with valuable information about the strength or weakness of a trend of a stock, commodity, currency pair, cryptocurrency or any other financial instrument that has attached to it a price.
Basically, the Williams percent range indicator is a powerful momentum indicator that can help you day trade any market in the world.
Williams percent range oscillator can be used in various capacities that can help us determine:
Momentum confirmations.
Overbought and Oversold readings.
Strength of the trend.
Potential buy and sell signals.
When day trading, you need to eradicate all the uncertainty around your decision-making process. This is why we have developed the Williams percent range strategy, a rule based system that will allow you to trade from a place of personal power.
The benefit of our day trading system is that it can be used with any market in the world.
Strategy #2: Day trading Momentum Burst with Williams %R Indicator
As an alternative to using the Williams percent R to identify overbought and oversold market readings, we have developed a way to catch momentum bursts that you will see on your charts every single day.
Momentum trading can offer you instant gratification, and the Williams %R trading strategy can help you satisfy those financial urges.
Let’s get into how momentum trading works using the Williams %R indicator.
Step 1 Add Williams %R indicator onto your chart with a 10 period length
We have also changed the oversold and overbought readings to -90 respectively -10.
Note: Make sure you use 10 periods for the Williams percent range oscillator.
Step 2 Draw a line at the -50 level on the Williams percent R indicator
The momentum strategy is developed around the -50 level.
For a visual representation, and to better and faster identify the potential trade signals, we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum.
Step 3 Buy once the Oscillator moves from oversold reading and crosses the -50 level
There are two conditions that need to be satisfied before confidently buying.
First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level.
Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath.
This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case, we’re looking to buy right away once the momentum oscillator breaks above the -50 level.
Step 4 For our exit strategy and stop loss management, we simply work with the trading range identified during the first step. In this regard, we place the protective stop loss below the support bottom of the range and take profit at the top resistance of the range.
forexTrdr EURUSD- MAGA GDP OUT THE WAY LETS BOUNCE Afternoon traders,
US GDP smashing estimates yet again with a 3.2% growth versus expectations for 2.3% but this pair, Euro versus US dollar failed to trade (and hold) near yesterdays lows giving us confirmation that a near term bottom is in for the time being and that Euro is likely to head higher from here.
US GDP is a high impact event and for all traders it is something you want to avoid setting any new USD trades in the other prior to it unless you have high conviction and multiple indicators to back it up. Now that GDP is confirmed we are able to enter the market with a clearer view on what this pair is likely to do.
As per our trading view chart RSI is extremely oversold and the market appeared to find a bottom on a close level around 1.1125-1.1130 from which we have at least one candle bouncing higher from- the lower wick on the prior 4 hour candle.
We are looking to play a combination of profit taking into the weekend on shorts on Euro Dollar and looking to play the oversold nature of this pair.
As always this is not a trade recommendation and simply technical observation.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Trading plan for EURUSD, GBPUSD, USDJPY for 24/04/2019EURUSD*
The technical cross-section**:
Trend: -1
A strength of trend: -4
Overbought/oversold : none
The priority area of transactions : selling
Selling in the area of 1,1290 with a stop above 1,1320 and a profit in the area of 1,1210.
Selling in the area of 1,1350 with a stop above 1,1410 and a profit in the area of 1,1210.
The purchase in the area of 1,1210 with a stop below 1,1170 and a profit in area 1,1280.
GBPUSD
The technical cross-section:
Trend : -1
A strength of trend: -4
Overbought/oversold : oversold
The priority area of transactions: selling
The purchase in the area of 1,2860 with a stop below 1,2810 and a profit in area 1,3000.
The purchase in the area of 1,2990 with a stop below 1,3040 and a profit in area 1,2870.
Selling in the area of 1,3110 with a stop above 1,3170 and a profit in the area of 1,3000.
USDJPY
The technical cross-section:
Trend: 0
A strength of trend: 0
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 112,00 with a stop above 112,30 and a profit in the area of 111,10.
The purchase in the area of 111,50 with a stop below 110,80 and a profit in area 112,90.
The purchase in the area of 111,00 with a stop below 110,80 and a profit in area 111,80.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
forexTrdr AUDJPY: SHORT TERM TRADE ON AUDMorning traders
Placing a short term buy trade on Aussie Dollar versus Japanese Yen on the pair trading down to support levels on declining volumes- suggesting the selling is running out of steam which at the same time is lining up with the pair trading into oversold territory levels. Additionally stochastic is showing, from extreme levels, that the market is starting to turn higher.
Bollinger bands are also pointing to the market reaching levels which should indicate a turn higher as well as the market trading significantly below Ichmoku clouds- all pointing to a short term move higher.
On the news front we have Australian inflation data tomorrow in the early hours so we are looking for a short term squaring up on positions into the data print.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Silver's Two Scenarios, An Important TimeSilver is falling into Support Area, Two Scenarios:
Break the descending trend line, stand over it: Reverse
Being pressed by descending trend line, breakdown the support line, and keep falling.
For the current signals, 1st scenario has higher probability, let me say, 70%.
Indicators:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI
Signals:
Bullish Divergence (Oversold, Support, Blue) on 3H.
Failed Bullish Divergence ( Crazy Sold, Fuchsia) on 16H, which means the previous support was broken.
DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range
USDAUD: Conflict Signals
Bullish Divergence (Blue) in 339m (5.6H), Support
Bearish Divergence (Yellow) in 4D-5D Resistance
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
Forex Divergence Watch: EURO Pairs 20190419Euro Pairs being monitored:
EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD
Time Frame:
30m - 1D
EURGBP: Bearish Divergence / Resistance on 170m (3H), Yellow
EURADU: Bullish Divergence / Support on 680m (11H), Blue
EURGBP 170m MACD, RSI
EURADU: 680m MACD, RSI
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
forexTrdr NZDUSD- DO KIWIS BOUNCE? ASKING A FRIENDGood afternoon traders,
Looking at a severely oversold New Zealand dollar versus US dollar on multiple time frames. Most appealing to us is the daily timeframe but almost all time frames confirm the oversold nature of this pair after the recent inflation print disappointed. 0.1% versus 0.3% expectation. This led for the New Zealand dollar breaching key levels around low 0.67.
The market appears to have a found support around levels dating back to January both on the headline number and on the subsequent short lived bounce after it. Now we currently see the pair in extreme oversold status on RSI and bollinger band analysis highlighted in our tradingview chart.
The bounce we are looking for may not start to trend until the New Zealand session begins overnight but we are looking for a sustained bounce into next week take New Zealand dollar back towards mid 67s.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings