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Enter the purchaseOn the chart, we observe that the pair is consolidating near the level of 1.1345 and cannot be determined either by exceeding, then dropping below this mark. In general, we are seeing an upward movement of the pair in small waves. Now the pair is trying to break through the level from below and go to the 1.14 level and higher to the levels of 1.1430 and 1.1470. Therefore, we advise you to take long positions in the pair and consider the above-mentioned marks as your goals.
Long
by SuperForex
Amazon stock analysis: Chart annotation for Swing Traders.Price closing below $1572.30 presents trouble for Amazon. Analysis for the e-commerce giant, Amazon is presented on the 4 hour timeframe using a logarithmic scale. Over 13 months of price action is covered including the bullish trendline in Amazon since October 24, 2017. Amazon has traded lower ever since it reached a price high of $2050.27 achieved on September 04, 2018, including price breaking below the bullish trendline on October 03, 2018. Both scenarios above do suggest a plausible trend change in Amazon from bullish to sideways at best. Current and immediate resistance or overhead supply as drawn on the chart lies between $1848.60 and $1774.17. The trading zone is bordered on the bottom by support which is between $1350.77 and $1265.88. Lack of price closing above the top of resistance and/or consolidating in this region does argue for a bearish bias. In this case, a conservative point of entry into a short (sell) position is on a break below the price low on February 08, 2019 = $1572.30. The minimum target for the bear swing is the upper region of support = $1350.77
NASDAQ:AMZNShort
by Coin_Analyst
2
Quick Play: USDCHF, Short to the daily 501M - Price is at a historical S/R level around 1.00500. Although we do not have a reversal candle at this level yet, price is still sitting at this key level and the lower timeframes are starting to show a clearer picture of what USDCHF may do over the next week or two. 1W - The weekly chart is clearly sitting at a key S/R level. On this timeframe the level is adjusted slightly to be more relevant at 1.00000. In addition to being a historical level, this is also a round number which acts as a psychological barrier as well. 1D - Price action is in a bullish trend, but late last week we closed with a bearish engulfing candle off of key resistance. Based on the price action of all the timeframes together, we may see a move down to either the daily 50 or even the weekly 50 ema over the next couple weeks. *DXY conern: the DXY has had some bullish pressure coming in which is also a concern. I do see a possible pullback coming but it may be short lived which could have an impact on how USDCHF moves. I will be keeping a close eye on the status of the USD to make sure it is not going to be powering up while trying to short USDCHF. Summary: Due to the fact that there is no daily trend change confirmation to the downside and not a very strong weekly reversal candle, I would be cautious trying to push this trade past any daily S/R. If an intraday entry is presented, my trade plan would be to see how price action reacts to the next daily level at 0.99800, where the daily 20 is likely to be as well. If there is an intraday trend change back to the upside here, then I would look to take my profit and run due to the concerns outlined above. If there is no intraday trend change and the intraday charts trend to the downside, then I would look to push this to the daily 50 ema. I do not see any reason to stretch this farther, because you are then trading through heavy support and hoping for a breakout.
Short
by fx_technician
EURUSD Vs. Yields 10 - 5 years.High spreads between US10Y - DE10Y and US05Y - DE05Y, Can indicate some more downside risk for the euro. There is also some hidden divergence marked with green lines. European money is flowing into less riskier assets, as EU economic forecast have been slashed, while some banks are saying that the german economy is headed for a recession which is one of the largest economies in the EU. ECB´s ending of QE program have left the Central bank with less tools to stimulate the economy. A restart of the bond buying program will put questions on the politics taken from the CB and will place them in a situation where the market will think that they dont know what they are doing. If they choose to use some tools the only option they have is the "TLTRO" (Targeted longer-term refinancing operations) Which will give the banks some available liquidity to lend money out and push the economie for some growth. The risk of a possible recession in the EU can give some concerns if the CB will raise rates at Q4 2019. A slowdown in the Chinese economy will also affect the EU, as China is one of the biggest importer of the european products. At the same time IMF downgrades global economic growth, while U.S. economy also saw some downgrade of its growth forecast. I still see the U.S economy performing better than the European. Holding shorts on EURUSD - adding more at a break of 1.11060 with target at 1.0380 and 1.0600. Hedging from those levels and watching the price before going net long position. Break of these levels could result in a further move down to 0.9600. Closing of shorts, and entering long positions will be at 1.16700 with target of 1.21300
Short
by Fx-AlphaStrats