Aussi Vs Yen (AUD/JPY) Mid Term Trade Strategy & PlanWord through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued at the Asian session of the RBA indicated that the central bank refused to further lower rates. Besides seeing some signs of growth emerging from a soft patch and labor market resilience, officials are also concerned that further easing could convey an excessively negative performance view.
Tradewar
ORBEX:USDJPY Up on Possible Rollbacks,GBPUSD Down on Dovish BoE!In today’s #marketinsights video recording, I talk about the latest geopolitical and economic developments affecting #FXMajor pairs #USDJPY and #GBPUSD.
For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high!
At the #BoE meeting yesterday, #Carney re-cited #Brexit related downside risks but the board decided to hold #interestrates unchanged at 0.75%. However, this time, two policymakers voted for a cut, which suggests that one might be coming sooner than expected.
Meanwhile, the 2020 outlook for both #GDP and #inflation numbers were both downgraded.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bitcoin - Long - Bullish Flag Formation We still see Bitcoin in a bullish flag formation and that the slope against the short term trend is a hesitation before a sharp move up in the cryptocurrency back above $10000. However, we would not want to see the cryptocurrency fall below the key support level at $8572 as Bitcoin can be seen as a safe haven and there has been progress on a trade deal between the US and China, with both sides agreeing to cancel some tariffs .
Why buying EURUSD is a great chanceLooking at the EURUSD daily chart, it clearly shows that it has come to a very important support level. That is a great reason for its purchasing. The stops are relatively small - about 30-40 points, and the profits, in this case, are about 100 points (the nearest strong resistance is located in the region of 1.1160). That is, purely technically, taking into account adequate money management (the profit margin is 2.5 times higher than the stop value), so that is a nice opportunity for earning.
The fundamental background is the only thing that can negatively influence. In our opinion, the situation with the euro does not look hopeless and the chances of supporting 1.1060 are quite large.
The Eurozone economy is experiencing tough times. However, yesterday's data on retail sales and business activity in the Eurozone came out better than expected, which is more important that the indicators showed a positive trend: retail sales grew by + 0.1% with a forecast 0%, and the composite PMI index was 50.6 with a forecast 50.2 ( the value of the indicator above 50 indicates an increase in economic and business activity). Against the background of rather weak data, these signals have been extremely positive.
Leaving the EU without a deal option is eliminated from the agenda. which is great news for the euro. Against this background, the pound rose by 1000 points. And the euro added only 100-200 points, it means that the euro did not worked out yet. Why should the euro grow because of the information that the “hard” Brexit will not take place? The fact is that Britain’s exit from the EU without a deal is not only about losses for the UK but also multibillion-dollar losses for the Eurozone economy, therefore potentially serious problems for the euro. So the removal of this issue from the agenda is a positive signal in favour of purchases of the euro. Its descent below 1.10 was an attempt to discount under exit without a deal. And since it does not take place, then the euro should return to its original position, to grow.
Trade war escalation between the US and the EU is delayed while approaching the end of trade wars between the US and China. For the euro, this is a positive signal. Let us explain: the locomotive of the Eurozone economy is Germany.
The German economy is export-dependent, that is, its success/failure is determined by the state of global markets, primarily China. The end of the trade wars between the United States and China will give a powerful impetus to the return of the world economy to the normal statement and one of the first to benefit from this will be Germany. In turn, improving the state of the German economy is improving the state of the Eurozone as a whole. And this is will reflect positively on the euro.
So, we do not see serious threats to the euro at the moment. Rather, on the contrary, there are good opportunities for buying exceptionally cheap euros.
EURUSD Could Test 1.10000 Level After Double TOP Neckline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
EURJPY (Cross) Likely To Decline Towards 120.200 level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
ORBEX: WTI, GOLD: China Wants US to Roll Back Sept's Tariffs!In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
Flows seem to have been affecting the two assets in different ways; potential oil production cuts were somewhat offset with #tradear narratives as China is asking the US to roll back September's tariffs, and gold slid lower on the back of a stronger dollar owed to positive #ISM data and weaker majors such as the #euro and #pound.
From a technical perspective, #wti's correction seems exhausted, whereas #xauusd's slide could have either ended (or ending currently) or we might see another downside leg to complete minor 4 lower.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
LOONIE Likely To test 1.30600 After EMA 50 & Trendline Break Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Dollar in danger, trade optimism and commodity markets go upThis week, as we noted yesterday, will not be rich in fundamental events, so markets have focused on the trade war.
China deal is likely to be signed in November. Added to this positive news the information that the United States may not set tariffs on imported cars from Europe and Japan.
Naturally, the safe-haven assets adjusted against this background. Despite yesterday's decline, we continue to recommend the purchase of gold and the Japanese yen. Entry points based on yesterday have become even more attractive.
Therefore we observed the growth in the commodity markets. Recall, we recommend buying oil in the region of $ 60 (brand WTI). Especially when you consider the latest news that the IPO Saudi Aramco is finally completing its long epic. With the current information, on December 11, shares of the company can be offered for trading on the Riyadh Stock Exchange.
Returning to the foreign exchange market, we note that the dollar looks less strong in the foreign exchange market. According to the Commodity Futures Trading Commission (CFTC), speculative rates on the growth of the dollar on the Chicago Mercantile Exchange fell by almost two-thirds. Thus, speculators sell the dollar for the second week in a row, and if this trend develops, then in the next reporting period its net position may become short.
So we recall our recommendation to sell the US dollar. The sale of USDCAD seems to be promising. According to CFTC, the net long speculative position on the Canadian dollar reached its most bullish level since December 2017. That is, the markets are very aggressive and it is worth to join the general rush. However, sales of the dollar against the yen, the euro and the pound also look quite prospective.
As for today, the Reserve Bank of Australia expectedly left the rate unchanged. And the most interesting event in terms of macroeconomic statistics today is the publication of the ISM index of business activity in the US services sector. Also, pay attention to the data on the US trade balance.
CN50USD -Ascending triangle formationChina 50 creating a Ascending triangle formation, watch out for divergences going ahead on RSI and price action. Also, ROC over 0 In the positive direction may encourage upwards trend and otherwise in case of sub zero.
Watch out for trends on movements
We are approaching climax and breakout zone and in the Set up stage now . Interestingly, on Daily charts, CQQQ, the technology index for CQQQ tried to make an upward move but came back in zone too. but approaching climax zone. It will nice to see how they all develop going ahead.
Look out for more in this space
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Cheers
ORBEX: Risk Aversion & Poor Data Move USDCHF & USDCADIn today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines!
I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise.
With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the session it's going to be a very interesting weekly conclusion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
EURAUD Short Trade Executed! Price Aiming For 1.61850 LevelHello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
ORBEX: Trump Comment Reduces Haven Flows, Brexit Extended Again!In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked #EURUSD on the back of yet another #Article50 extension and as #pound seemed a little "out-of-touch" with the latest developments surrounding #Brexit.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ASUKA TIME IS RUNNING OUT 4 $btc BITCOIN's legendary prophecy! Is the Asuka prophecy still in play?
In my video we look at the historic accuracy of the Asuka Prophecy as time is running out for the latest prediction. this one is getting interesting though as the chinese president gives a green light to crypto and Edward Snowden tweets the smug asuka used in the prophetic post from 4chans /biz/
Currently we'd need more than a 60% move upwards over the next 4 days for the post to remain true. as of now it has been correct an amazing amount of times. Do you think its possible? anyway I made a deeper video looking at the post and its relevance and we will have to see how the next few days play out for Bitcoin.
www.youtube.com
Reversal Structure on SPX futures by ThinkingAntsOkWe have been trying to catch this Bearish Movement since we start observing weakness signals of the Current bullish movement
-We have an ascending channel (solid white lines)
-The price tested 3 times the higher trendline without being able to surpass the zone
-On MACD we can see a huge Divergence
-We can see a second channel (the yellow one) which shows the luck of Bullish momentum, observe the slope of it compared to the white channel.
-Making an analysis of the current situation of SPX we think the China-USA trade war, is about to make no progress, as we saw the same situations going on, in the past. That is aligned with our short Technical view.
-For taking a trade we will wait for a Test of the yellow ascending channel + corrective structure there, if formed we will set our short positions with our main target on the Daily ascending channel of the bullish movement
-We will make a new post if the structure that we are waiting is formed.
Bears return for USDCHFDespite a strong bullish rally from USDCHF, in the past couple of weeks, bulls have not been able to supply a strong enough push to battle the bearish liquidity filled in at the 1.0000 psychological level. Now, after multiple retests of this important level and continuous rejection. Bears will now look to re enter the market and push USDCHF back down to at least a 50% retracement of the bullish rally.
Amidst the chaos of the US China Trade war, traders are pulling out of the Dollar and investing into safe havens such as the Swiss franc and Gold. This weakening of the US Dollar is welcomed by Trump, who wants the US to be competitive with trade and exports in order to somewhat negate the damage of the tariffs imposed by China.
USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
UK Verdict, our recommendations and plansA new version of the Brexit deal has been agreed between the EU and the UK. The pound added about 500 points by the end of the week, bringing the account of its achievements to almost 1000 points. Recall that the UK and the EU, as we predicted, were able to agree on the terms of the deal at the last moment. As a result, at the EU summit on Thursday, this deal was approved by Europe.
Another problem appeared - Johnson does not have a majority in Parliament. Accordingly, he had pretty high chances to repeat the fate of his predecessor, Theresa May, who also agreed on the deal, but could not pass it through Parliament. On Saturday, a vote took place, following which the British Parliament ordered Johnson to ask for a 3-month postpone so that parliamentarians could bring its legislation into line with the new realities.
Johnson, who says more than once that there will be no postpone. Thus, he was put in a rather uncomfortable position. In general, there is a feeling that such a vote is rather an attempt to publicly humiliate Johnson, rather than a really necessary thing to do.
Nevertheless, Johnson sent an unsigned letter to the European Union on Saturday requesting a Brexit delay. At the same time, he sent a couple of letters to the EU (which he did not forget to sign), in one of them he says that he is against the postponement.
This week we will continue to look for points for its purchases because the Brexit issue has not been solved yet. Therefore there is still potential for the pound to grow.
It is worth noting the weak statistics for the United States and China, which only confirmed what has been clear for a long time: trade war cause real harm to everyone. No breakthroughs were observed regarding the end of them. In this regard, we recommended focusing on finding entry points for the purchase of safe-haven assets.
Given the state of financial markets at the beginning of the week, we see no reason to revise our recommendations and this week we will continue to look for points for buying gold and the Japanese yen.
As for the euro. Technically you need to buy EURUSD, we recommend doing it with an eye on Thursday. The ECB will announce its decision on the parameters of monetary policy in the Eurozone on Thursday. Most likely, there will be no changes, but given the general weakness of the Eurozone economy, we will not be surprised at the “dovish” comments from the Central Bank or even the expansion of measures to soften the monetary policy, which may well provoke euro sales.
The oil market was relatively calm last week. And although the Middle East continues to resemble a powder keg (Turkish military operation in Syria, an attack on an Iranian tanker, etc.), so far the markets are trying to ignore it. Last week, reserves increased by almost 10 million barrels - the maximum value since April 2019. Saudi Aramco has postponed the launch of its long-awaited initial public offering on Sunday. And although there is no direct connection between this event and the state of the oil market, in general, this is a rather bearish signal. As for our position, it is generally unchanged, while oil (WTI brand) is higher than 51.20, we tend to buy oil.