Uptrend-buy
EURUSD Update: Watch 1.0719!This is a technical analysis to note key institutional levels, not a trade recommendation.
After bouncing just ahead of the 1.058 key institutional support level buying pressure is evident.
Focus is now on the 1.0719 key institutional resistance level.
A sustained break above it will clear upside with next key institutional resistance level at 1.0851.
Only move all the way back down to 1.058 will take pressure off the upside and put the focus on the downside.
FAQ
What is an institutional level? Put ten traders in a room and instruct them to note key support and resistance levels. No doubt some of them will locate the proper levels, but there will surely be discrepancies among them because finding key support and resistance levels is subjective. Large financial institutions like big banks and hedge funds employ technical analysts to avoid these uncertainties and to justify what specific levels will attract institutional money.
40 days 40 nightsWe held the daily trend, I think we're entering a consolidation period of about a month after which we will follow the Dollar pump some more.
Current long term target is around $930 spot.
USDCAD Potential Long TradeHello traders... I hope you've all had a good trading week thus far and didn't get hurt last week during the Brexit. Trading this week has been quite difficult with most pairs consolidating and recovering from the Brexit volatility, there hasn't been too many opportunities. With that being said though USDCAD is actually setting up for a nice buy going into next week. Many traders have been getting excited to short USD leading pairs with the slow sell off that occurred throughout this week, however I think that they will be surprised to see a rally next week. Based on the way price action is trading it looks likely that the dollar will close higher by the end of next week. We are expecting to see the 128500 - 128000 area to hold as support on USDCAD and IF it does hold as support we will look to buy this pair on the break of the down trend line. IF this trade does pan out as planned it may be very fruitful with a likelihood of price reaching fresh highs above 139... keep an eye out for it!
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GBPUSDThis is a long term outlook on GU. I'm expecting GU to touch the red downtrend line, if it breaks through I'm expecting it to reach the top of its current monthly key level zone around 1.49 From there it will move back down to around 1.34983 a previous low. Lastly going back up reaching the 38.2 fib level around 1.514 I'm expecting price to smash that wkly key level area and take GU into an uptrend.
This is my analysis of the pair to see how I am progressing in my understanding of forex while I work to become an #FxRegina.
Please use your own analysis.
DOW JONES OVERVIEW: NIKE IN FIRM UPTRENDNike is the best-looking stock from our Dow Jones overview so far
On long term perspective it trades firmly above upper 1st standard deviation from 5 and 10 year means - which means that long term uptrends are well in progress.
On short term basis the long term picture is confirmed by the slope of both 1-year and quarterly means.
The august selloff did not affect the picture dramatically and price has restored all its losses since then - it is trading above 1st standard deviation from 1-year mean (thus in yearly uptrend as well) and it also trades at the upper 1st standard deviation from quarterly mean, breakout above which will push NKE into quarterly uptrend as well!
GBPAUD 4 HOUR LONGPRICE HAS JUST MADE A HIGHER LOW WHICH LOOKS LIKE A GOOD OPPORTUNITY TO GET IN WITH THE UPTREND. THIS COULD BE A GOOD CHANCE TO GET IN BEFORE THE RBA STATEMENT ON TUESDAY. THEIR IS A VERY GOOD CHANCE THE RESERVE BANK OF AUSTRALIA (RBA) WILL CUT RATES WHICH WILL SIGNIFICANTLY WEAKEN THE AUSTRALIAN DOLLAR WHICH WILL CAUSE THIS PAIR TO APPRECIATE. THE REASON WHY IM PAIRING AUD WITH GBP INSTEAD OF USD IS BECAUSE THE US NFP CAME OUT BELOW 200K WHICH IS VERY BAD WHICH WILL CAUSE TRADERS TO SELL THE DOLLAR BECAUSE THIS NOW MEAN THE JUNE RATE HIKE IS DEFIANTLY OFF THE TABLE NOW. ALSO WILL BE HEAVY PROFIT TAKING. I AM EXPECTING A BEARISH SENTIMENT ON THE DOLLAR THROUGH OUT NEXT WEEK.
Blackberry Ltd -BBRY -Daily -Acting well and building for a moveKey Hidden Levels indicate that BBRY is having an easy time rallying and is set for a move higher, with a wide stop.
There is a Key Level up at 12.50 that I am targeting.
Buy dips to 10-9.80 and look for a move to a new 52-week high in the near future.
Earnings due 9/26
Tim 3:09PM EST, Thursday 9/11/2014 10.73 last BBRY
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