ahmedse

ahmedse Updated 

A surge in cryptocurrencies MAY come, but it should limited as it lacks any fundamental at this time. Or the only fundamental supporting it, is to get some profit out of the traders who shorted cryptos when they thought the second price consolidation will head down as the previous one did (when bitcoin felt from $6000), Why choose ripple from other crypto's?...

ahmedse Updated 

this trade is based on trump's tweet: "If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!" This is with regards to american agricultural exports...

ahmedse Updated 

Technical reasoning price is at: - shown fibonacci retracement - trend line - round number Place SL below 200 day Moving average Fundamentals are a bit confusing now, price is heading down with the unrest in venezuela, fighting in libya, iran sanctions and Opec cuts.

ahmedse Updated 

It looks too good to be true, many geometric indicators coinciding: - Fibonacci Levels - Descending trend lines - Previous support turning to resistance SL must be a bit tight above the trend line

ahmedse

Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days). This can be explained by capital flowing through the black market, having bitcoin as a medium. Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency. It looks like bitcoin...

ahmedse

Buying at the trend, that tracks to the breakout initiated a week ago. Fundamentals are not counted in this trade.

ahmedse Updated 

Just thinking that the price is to emerge within the upward consolidation range, as drawn. Recommended entry at this point (with some risk) and less risky ones at 5.85 and 5.75 (it is possible that the price will not drop there). Movements drawn within the range for the next 2-3 months, are only here to highlight key areas, and the consolidation range tested...

ahmedse

This is a penny share with current market cap of 3.7million AUD if it works it will shoot to the sky, if it doesn't most likely it ll head to zero or negative, maybe you can sell at current entry as it is acting as some support. Reasoning for this share, is due to a prospective gas discovery onshore north of the city of Derby in Western Australia. mostly for...

ahmedse Updated 

Take opportunity as price is hitting strong trend lines, set SL tight above the trend lines or some previous support TP1 1.293 TP2 1.283 assessed from fib. retracements I have not examined fundamentals for this trade, also another pair of interest can be gbpnok, as norwegian has some potential to turn high today

ahmedse

The 1 hour candlestick has closed below a strong ascending trendline. Recommended to short DAX with the shown TP, But I recommend to explore further drop potential due to some fundamentals of some weak data that came about a month ago (but price reacted contrarily), there is also some US tariffs on German goods on the horizon.

ahmedse

THe price is now at a strong trendline as shown, and coincides with the 200 day moving average. Based on these technical indicators there is a high probability for the price to head downward.

ahmedse Updated 

Trade coming 4 hours late it is based on the lower than expected inflation data that came today, as Norway seems to be dragged by Europe. This will lower expectations of interest rate hike in Norway, some of which had been priced in NOK. That pricing is going for some loss. Remember that this is a late trade, SL is poisitioned below February month's low (and...

ahmedse Updated 

Turkish Lira has gained some momentum and now back to test the trendline, this is a good sport with a high risk to reward ratio. Also in fundamentals, Turkey still has high inflation, trade and govt budget deficits, so no reason for further gains.

ahmedse Updated 

This is based on the copper moves vs share market moves observations. Usually this metal drops with stocks, however with the recent plunge in shares, copper has strongly held ground. Shares selling may be over, as of now, any recovery in shares will trigger bullish copper set ups.

ahmedse

Expecting Oil price to retest previous high as stocks market is erasing some of the big losses, and now taking advantage of the news that Opec are considering / discussing oil production cuts, also keep in mind that Iran sanctions are just around the corner.

ahmedse

This is based on the observation of the downward AUDUSD channel established from the beginning of this year. Apart from the technically lined lower lows and lower highs along well defined trendlines, a fundamental observation can be linked with the fact that we have observed cycles of: - Bullish Signs: Lower Unemployment rates, high GDP growth approaching 3% and...