TogamiTrader

TogamiTrader Updated 

Not so fast Bulls, before you take off, you need to get past this week. I hope we have not forgotten that Germany is apart of the EU. They have been having a lot of business climate issues which is a consequence of their trade troubles. I predict a pullback to a key resistance point as the market has been moving purely on the fading strength of the USD and the...

TogamiTrader Updated 

I expect the AUDCAD to have a bullish breakout either next week or the week after that on the higher timeframes (Day and Week). They have great job numbers, an extremely strong Trade Balance (in spite of the trade war), and has a housing market awakening from its slumber. This could be one of the building steps towards that breakout and if their reserve bank...

TogamiTrader

Despite whether you disagree with their censorship, this is the right "business" decision. Maybe it isn't ethical, but it is beneficial to maintain their relationship with China. Plus the controversy will act as publicity for the company. Oh well, as always, trade at your own risk.

TogamiTrader Updated 

You are not going to fool the bears of the GBP. That Brexit deal is not going pass through parliament. It is worse than May's past deals and has received criticism from big-time pro-Brexiter Nigel Farage: "not great, not new, and NOT Brexit." High volume showing resistance around 200-Day SMA. Just because the rest of Europe likes it doesn't mean it is favourable...

TogamiTrader

Earnings season is approaching quickly and I am afraid Tesla might not make the cut. It is in a zone of "Over-Supply"/Resistance, and the price action does not look so good in the past couple of days. Which goes to say the market sentiment is not looking so good for the stock. Plus there has been a volume slowdown showing market skepticism. Besides, I don't trust...