This instrument currently has very strong, positive sentiment due to correlation with SARS-CoV-2. RSI shows that the ETF is not overbought. Index Top Ten Holdings (%): Regeneron Pharmaceuticals 2.77 Moderna 2.65 Gilead Sciences 2.43 Vertex Pharmaceuticals 2.32 Biogen 2.27 United Therapeutics 2.26 Biomarin Pharmaceutical 2.25 Seattle Genetics 2.16 Exelixis...
See fib extension, fundamentals say gold is going to become standard store of wealth worldwide throughout SARS-CoV-2's lifespan.
US Gov. is maintaining its stance and roll in controlling the people, market should rally to complete third Elliot wave; afterward, it'll be important to consider the consequences of the continued increase in COVID-19 cases.
Eyeing sub-$4400 until June or July.
Most likely little fundament news until Friday or Monday. US still waiting for "surge". Stay healthy!
I suspect BTC will be at sub-$7000.00 @ 09:00 (UTC-4) due to the decreasing RSI + recent rejection at 7.4k, the falling slope of the moving average and the popular support trend which began on or around 13 March 2020.
GBP/USD will continue to pump preceding Wednesday's Questions with the Prime Minister in the House of Commons (when she is expected to introduce a third deal-agreement in regard to the UK's exit from the European Union), for this will determine: 1) whether or not the UK will as for an extension to Article 50, and 2) the extension's length of time and reasoning. 96...
Fixed Fibonacci downward trending channel, changed entry/limit/stop-loss levels.
RSI bearish divergence, 1.123139 resistance level of Fib channel tested for a few hours, use as stop-loss, target 1.12934
Indicators, channel, no fundamentals until tomorrow's parliamentary vote.
Fibonacci Time Arc 1.618 Resistance + 0.236 Channel Resistance short - stop-loss 1.1337 and stop-limit 1.1227
Long at consolidation breakout, stop-limit 1.3499, stop-loss 1.3288.
Fibonacci Extension (16 Jan '17 low - 17 Apr '18 high - 03 Jan '19 low): Enter 1.3312 (Fibonacci 0.382), stop-limit 1.390 GBPUSD (Fibonacci 0.0618), 1.3252 stop-loss.
Check Parliament for vote-round-three (withdrawal deal) and Monday/Tuesday: pro-UK deal, short EURUSD to 1.1248 (65 pips), 1.111 low leading up to Brexit; "Noes have it" - continue long until EU Summit. Thursday: if extension is requested, watch for press conference from EU.
Retracement in congruence with long-term channel, double-bottom trendline (RSI, MACD).
Trend broke 1.618 channel support, now resistance (also, RSI shows bearish divergence and MACD has sell signal) follows two consecutive parliamentary noes - House of Commons open Mon 18 Mar 1445 UCT, Prime Minister's Question Time Wed 20 Mar 1130 UCT; EU Summit Mar 22-23 will include Brexit-extension proposition. Short and Long opportunities within range until...
Bullish symmetrical triangle formed and was tested; continuation of uptrend. Target is 1.5 USDCAD.
I think the GBP is going to continue to weaken against the USD - the sterling is currently experiencing difficulties due to the United Kingdom's exit form the European Union; accordingly, the dollar will prevail because of the United State's intense efforts to strengthen its economy. Technical analysis indicates the pound is in the upper quartile of Andrew's...