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NASDAQ(NQ1!), H4 potential for bearish dip Type : Bearish Dip Resistance : 14006 Pivot: 13672 Support : 13085 Preferred Case: Price is near pivot level of 14006 in line with the horizontal overlap resistance. Price can potentially dip to the support level of 13085 in line with 78.6% Fibonacci projection. Our bearish bias is supported by the ichimoku cloud indicator. Alternative scenario: Alternatively, price could break pivot structure and head for our 1st resistance level of 14006 in line with the horizontal overlap resistance Fundamentals: With the ongoing Russia- Ukraine tension, we can expect to see bearishness in the US indices.
CME_MINI:NQ1!Short
by Genesiv
Rubble's reaction to Russian InvasionsIn 2008, Russia invaded the sovereign nation of Georgia. This invasion and resulting sanctions resulted in a 37.1% drop in the value of the Rubble vs. the U.S. Dollar. In 2014, Russia invaded the sovereign nation of Ukraine. The resulting international sanctions resulted in a 60.55% reduction in the value of the Rubble against the U.S. Dollar. This is likely just the beginning of the pain instore for the Rubble over the latest Russian invasion of the sovereign nation of Ukraine.
Short
by ScorpioDragon94
4
EOG Breakout, Target 115Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock EOG displayed 2 bullish instances over the last couple of months. The first occurred during July to September 2021 where the stock made a reverse head and shoulders chart pattern. The completion of this move took EOG back above its long term trend. The 2nd instance materialized when EOG approached the June 2021 resistance at around the 88.25 price level. It appears that the stock has broken above this resistance. Expectations are for EOG to rally towards the 115 price level. Failure of this will be known if EOG declines back below 88.25 On the Daily Chart EOG appears to be making another leg higher, with resistance seen around 115. Technical Indicators EOG is trading above its long term MA and the Supertrend is in bullish mode, complementing the bullish nature of the chart. The Awesome Oscillator is above 0 and green. Recommendation The recommendation will be to go long at market, with a stop loss at 87.50 and a target of 115. This produces a risk/reward ratio of 2.62. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NYSE:EOGLong
by Ceddy86
USOILSPOT is on bullish momentum! | 22 Feb 2022Prices are on bullish momentum. We see the potential for further bullish continuation from our buy entry at 90.39 in line with 50% retracement towards our Take Profit at 95.87 in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices are trading above our ichimoku cloud resistance, further supporting our bullish bias. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USOILSPOTLong
by Rockqet
Russia terminates diplomatic discussions , Dollar Rises Today's forex news: Russia terminates diplomatic discussions, boosting the dollar. EUR/USD⬇️ GBP/USD⬇️ AUD/USD⬆️ USD/CAD⬇️ XAU⬆️ WTI⬆️ Risk aversion dominated financial markets, owing to growing geopolitical tensions in Eastern Europe. The greenback gained strength against high-yielding counterparts but lost ground against safe-haven counterparts. Russian President Vladimir Putin signed a decree recognizing Donetsk and Luhansk in Eastern Ukraine. The international community views this action as the first step toward an invasion, effectively ending negotiations with Western nations. EU High Representative for Foreign Affairs and Security Policy Josep Borrel stated that the EU is prepared to react strongly if Russia acknowledges Donbas independence, which Putin did early. Markit released its preliminary estimates for the EU's February PMIs. The services sector saw a strong recovery, with the German index rising to 56.6 and the EU index reaching 55.8. Both economies' manufacturing PMIs came in lower than predicted but far above the 50-point threshold separating recession from economic expansion. EUR/USD is reaching 1.1300, while GBP/USD is battling to stay above 1.3600. Commodity-linked currencies have depreciated against the dollar. AUD/USD is around 0.7190, while USD/CAD is 1.2760. despite gold trading above $1,903 per troy ounce on the desire for safety and crude oil prices surging on disruption fears, with WTI presently trading at $92.75 per barrel. While US markets were closed in observance of President Day, stock futures fell sharply on Russia/Ukraine news. European and Asian futures are also lower, implying a risk-off day on Tuesday. #Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD #RUSSIA #PUTIN 📱 Monitor the markets in real time and seize trading opportunities on Mitrade
NASDAQ:XAU
by Mitrade_official
Excuses Excuses Excuses! Possible bearish scenario for US indexThanks to everyone that has been supporting my ideas so far. I keep positive about the short position on Tesla Inc. I had mentioned earlier this week, while the look out on Apple might change (probable short). Anyway, yesterday, the S&P 500 has closed the week down 2% to close below the 200 MA. It has not only created a double top, breaking down on higb volume, but it has also been unable to break the resistance level, which might point at a dead cat bounce. So, I believe the major correction we have been waiting for since the beginning of Covid for this "overvalued" market may be starting, for one reason or the other, whether Russian threats or hedge funds and CEOs liquidating their long positions. In fact, I believe the FED might be more involved in this "crash" than we think where they are interested in actively crashing using Russian-Ukraine escalations as possible excuses, I will explain my idea later on in another post appropriately titled. However, consider that if price is able to recover and be supported above the 200 MA and break the most recent high (4585), then there may be a change of sentiment and this idea would be irrelevant. For now, I would keep short and wait for another correction. GET THE CASH READY. NOT FINANCIAL ADVICE!
UShort
by IceCreamMayDay
Gold - Running out of steam?Gold is continuing to rally on Thursday and is on course to register an eighth day of gains in the last nine. That's not bad considering markets are continuing to price in more and more rate hikes from central banks around the world this year. But perhaps that's also the problem. This isn't a gradual tightening process. It's being driven by inflation that was considered to be transitory but has continued to surprise us every month and January was no exception, with the headline rate rising to 7.5%. That's not only well above expectations and the highest for many years, it's almost four times the Fed's target rate. So while markets are continuing to price in more hikes - now up to six this year, one at almost every meeting - gold is still feeling the love as inflation-fearing traders seek safety in the traditional hedge. But can the repeated shocks continue to propel gold higher? And how long will they keep coming? Gold could feasibly remain well supported in the short-term without making staggering gains until we start to see evidence of inflation peaking, which shouldn't take long. The 4-hour chart seems to suggest that, despite gold marching higher every day, momentum has actually been waning. And today's spike on the back of the inflation data hasn't changed that. It appears to have overcome the $1,830 hurdle finally but is there enough there to see it through $1,850? We'll soon see but if that's going to happen, we could see some corrective moves first which may allow for momentum to pick up again.
OANDA:XAUUSD
by OANDA
$YELL enlarging demand*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* My team has been following truck transportation company $YELL for the past few months. $YELL expertise's in LTL shipments and flexible supply chain solutions in the United States. My team is in agreement that $YELL is a steal due to demand for LTL transportation. My team entered $YELL this afternoon at $10.50 per share and have set our first take profit at $14. ENTRY: $10.50 FIRST TAKE PROFIT: $14 2ND TAKE PROFIT: $16.50 If you want to see more, please like and follow us @SimplyShowMeTheMoney
YLong
by SimplyShowMeTheMoney
4