Trump
Gold glittering on positive stimulus hopes...new month new levelGold prices Gold declined after a back-to-back advance as the first American presidential debate disappointed the market by giving no clarity regarding their policies and stances. If USD is to weaken as the stimulus package accord seems far away, gold could make its way back. Technically holding above 1880 and close abv 1889 could rise again to test immediate resistance at 1900 and 1905. Buying on dips is suggested.
FSLYLet's do this. This stock still has a lot of juice to go sky high. Buy at the break of $100 or here is fine too. Follow the horizontal lines for potential targets.
$UONE Net Income of $6,591,000 in 2018 Float 1 Mil O/S 1.5 Mil$UONE Is not only highly undervalued it is operating in a pivotal time in human history. The company recently moved from $2 to $54 within a week timeframe, and I believe a similar move could be quickly coming potentially breaking 52 Week Highs as the election draws near.
With several cultural catalysts on the horizon Ad revenue for the company should spike heavily this year and in addition to the fins showing that increase, there is also Trump's $500,000,000,000 Platinum Plan, the details of which we will be finding more about this and next week and into the next two debates.
Trump will expand upon it due to the disaster of the first debate and ensure the Black vote is completely won. The plan itself has already been written up and sent to the White House for review from the latest sources on it.
However this alone isn't the only catalysts, during the riots, and unrest the stock saw a dramatic increase as well as the media reported on it. Any kind of media related event will spike the stock IMO.
In conclusion the stock in general has seen a slow and steady rise since consolidating from the last run, and the technicals show it is ripe for a second major run into the end of year.
Downside pressure for Dollar still intactWe are seeing a mid-probability bearish scenario as the price is going to retest 1st resistance at 94.15. Price could retest and reverse from there and could drop towards support at 93.81 and 93.50 where the horizontal overlap support is . EMA still indicates bearishness for price.
EURNZD Short Trade SetupTrade based on Fundamentals and Price action.
With Risk Management You will Never loss.
All eyes on the DOWToday I'm talking about the DOW cause there is a strong correlation between Bitcoin and the Global Markets atm. The DOW has made significant gains after a brutal last week, yet are we out of the woods?
News
-Presidential debates will take over the market until after the election
TA
Now Lets start of simple and wanted to say I wanted to show the 5min time frame but trading view said no, so I'll try to do my best to describe what I see even though with the high volatility that is about to happen the 5min time frame is what investors should be watching up too the election.
-As of now the Dow has created a lower high after breaking out of our brutal downtrend, yet BTC took hits but is ultimately going sideways with higher swings of volatility depending ona .02% in the DOW. At the same time the DOW is creating lower highs which will result in more selling pressure going into the election.
-You can see some blue circles, these repest similarties in past and present price action. This could result with a 200+ point move in the DOW, with give a 500+ point correction hitting a PT of 27696 roughly high and a 27138 low, with more movement lower next week
-MACD is trending up looking for more bullish price action.
-RSI is overbought showing the market could be nearing its end of a short term bull run
Final Thoughts
Best play is to take profit when you are in the green and don't be greedy. A recovery during heated debates could cause damage on short term trading accounts or looking for quick gains. Also quick note alot of rumors are going around that Oil will dump pretty soon and will happen before the market dumps, so watch for futures in Oil.
Sterling shows bullish tone on tuesday,is it fading again?Sterling held onto a moderately bullish tone Tuesday, recording a fourth consecutive daily gain. From a technical standpoint, H4 recently knocked on the door of 1.29, a level that’s withstood two upside attempts this week. In spite of this, sellers offer a non-committal tone at the moment.
As having said, 1.29 is proving a problematic hurdle to overpower on the H4 right now, despite the higher timeframe supports in sight. Yet, given the lacklustre show from sellers here, a 1.29 breach is still potentially in store. Above 1.29, the river north on the higher timeframes appears ripple free until daily resistance at 1.3017, which happens to merge with the key figure 1.30 and H4 resistance at 1.3009.Dip-buying at any retest seen at 1.28 remains a possible scenario (should intraday sellers strengthen their grip).Another setup worth keeping a tab on is a H4 close above 1.29, signalling bullish scenarios in favour of reaching the 1.30 range. Irrespective of the support used, conservative traders are likely to seek at least additional H4 candlestick confirmation before committing.
Trump-Biden event fails to impress Dollar bullUS dollar index sinking for a second consecutive session Tuesday, Gold extended gains. From the weekly timeframe, bullion is attempting to regain some status above support at $1,882, after missing channel resistance-turned support, etched from the high $1,703, by a hair. On the daily timeframe, room is seen for buyers until shaking hands with resistance at $1,911.With price approaching resistance on the H4 timeframe: the double-bottom take-profit target at $1,903, traders are likely to seek intraday bearish themes, despite the yellow metal trading decisively higher since 2016.The combination of $1,903, H4 resistance at $1,916 and daily resistance from $1,911 might be sufficient to tempt sellers into the market today. Breaking $1,916, on the other hand, may ignite further buying (in line with the current uptrend) and force H4 resistance at $1,941 and daily channel resistance, taken from the high $2,075, into play.
usdjpyIf Trump votes in the upcoming election, it can be said that based on the fundamental indicators, the dollar index will weaken due to its anti-China policies.
If Biden wins, we can expect the dollar index to strengthen and commodities to fall.
But the rising guards show Trump's market as the next president.
But again, the world of politics can not be predicted. Be careful in your transactions and avoid heavy transactions and limit your risk ratios.
Be successful and profitable
DXY possible scenarioIt's been a long time..
I brought here some ideas for the dollar index for the upcoming weeks. As you know, the elections are around the corner and that should trgger some high volatility movements.
On the screen, you can see a bearish movement over the last months, which shows the weakness of the USDOLLAR. On my opinion, that movment is a first bearish impulse of the index, which has eneded on the last fifth impulse. Is probably to see an "ABC" correction on the nexts weeks, testing the 38.6%-78.6% fibonacci retracement ( 93-96). Then, we could see a rejection of that levels and a next bearish impulse below the 90.00 level.
I'll keep updating the analysis..
Likely Bearish Scenario for the following monthsIf we're before a yet unconfirmed bearish phase, this is a likely scenario.
You can trade within the bearish channel.
A minimal market run-up usually always follow the days prior a new POTUS election.
I think we can expect markets continue to fall whether Trump or Biden get elected.
It will only stop falling until long-term Bitcoin channel bottoms are hit.
This is hit or miss, don't take this a financial advice.
I post to see if my prediction ability is on point or too far off.
Cheers.-
RidetheMacro| BTCUSD Market commentary 2020.09.24 📉🔺 Bitcoin has fallen to a fresh weekly trading low, following another day of heavy technical selling in the S&P 500 and other US equity markets. Technical selling was also a factor in the recent decline, following a breakout below a symmetrical triangle pattern. BTCUSD bulls now need to defend the $10,300 level to encourage a rally back towards the $10,500 resistance area.
📌 The BTCUSD pair is only bullish while trading above the $10,500 level, key resistance is found at the $11,100 and the $11,400 levels.
If the BTCUSD pair trades below the $10,500 level, sellers may test the $10,200 and $9,500 levels.
⚠ Concerning the USD, the Chair of the Federal Reserve and the Treasury Secretary will be testifying before Congress at 3pm London time.
Until the Next Time.🤗
Ride the Macro
ridethepig | Dollar Strategy Note📌 A good time to review and update our main battleground
Another moment here which is going to force decision, buyers are needing to complete at a minimum their ABC targets while the extension targets still remain locked. While the other side of the coin comes from those looking to play the long term structural decline in the dollar, and sellers are flirting to react sharply at the highs in the range with a plan to defend resistance.
How did we end up here ❓
It boils down to this long-term macro chart which looked very promising for sellers:
Medium term :
The further we zoom in, the more details we can add...
To add more context, since 2018, we have been tracking the highs in dollar and we shall have to content ourselves with the "throwback" chart which briefly explains the truth behind the technical opening and structural decline.
What does this all mean ❓
We are trading inside an impulsive macro leg to the downside with MT and LT targets in the DXY located at 88.2x and 74.8x respectively. This does not rule out a pullbacks/retracement, and it would be perfectly valid for buyers to break the chop to the topside only to receive another hammer later in the year / early 2021. A continuation of dollar strength and breakout of the range would put pressure on the soft hand sellers that are unaware of the larger forces in play, capital flows are not linear in direction.
From a technical perspective we can play the breakup with a momentum gambit, taking 94 will open 94.6x and 94.8x for a quick visit. Anything else beyond that is currently locked for buyers. If you are a seller here you are looking to sell as cheaply as possible and fading a break of 94 handle is in play.
Thanks for keeping the feedback coming 👍 or 👎
XRP Price Leading to Presidential ElectionBetter save this prediction and repost for me when it hits that $0.55 mark. Fractal of previous wave 1 as the new wave 3.
The Walmart and the Tik Tok news could be a perfect mixThe daily chart under review has a whole lot going on, Wmt has been in its broader uptrend since its corona sell off/ rebound. This one shows alot of the breakdowns of price action. Lets put the past 6 weeks under review. The price action has ended in a seemingly cup and handle formation, typically which take around 6 weeks to form, this puts it at the right place at the right time if past trends continue. Currently nearing oversold on the RSI on a higher price level than it ever has been, gives an idea that it has earned strength in this area, and can be due for a push higher with good volume. If this one goes any lower, Id expect a bounce off the 50 day moving average. Good timing for tik tok news as this may be what WMT needs to push higher. Posted are resistance and support levels, with the purple levels signifying a change in action and possible pivot zones.
GBPUSD SHORTS - Let me run you through it- UK Interest rates to take a negative hit
- Corrective double top on the weekly resistance
- Daily Evening Star
-I n a short term down trend within an overall uptrend
- I want to see a break of the 8H counter trend line
- Price ranging within a daily mother candle
- Targets 1.27700
XAUUSD keeping that buy direction. Don't sell. I recently posted an idea where in Gold is in the buy zone and as long as it did not break the trend, it will go up. Now from 1952, we are at 1968 already. What's next? 1980? 2000? Time will tell
