tradingconmike

tradingconmike

Sell opportunity in the FX:EURUSD with a target at 1.08800 for a profit of 80 pips.

tradingconmike

Sell opportunity in the FX:EURUSD with a target at 1.08500 for a profit of 30 pips.

tradingconmike Updated 

Sell opportunity in the FX:EURUSD with a target below the daily low, located at 1.07550 for a profit of 20 pips.

tradingconmike

We have a possible Triangle pattern with a target at 0.46, as long as the price does not break the 0.37 zone.

tradingconmike

We have a possible Rising Wedge pattern with a target at 2100, as long as the price does not break the 2360 zone.

tradingconmike

We have a possible Falling Wedge pattern with a target at 25.300, as long as the price does not break the 23.800 zone.

tradingconmike

We have a possible Rectangle pattern with a target at 65.000, as long as the price does not break the 80.000 zone.

tradingconmike

We have a possible Triangle pattern with a target at 95.000, as long as the price does not break the 98.400 zone.

tradingconmike

We have a possible Falling Wedge with a target at 1.08900, as long as the price does not break the 1.07700 zone.

tradingconmike

The outlook has turned bearish for the WTI. This is mainly because the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reside deep in negative territory and as the price is seen below its 20,100 and 200-day Simple Moving Averages (SMA). This indicates that on the shorter and broader scales, the sellers are dominating. Resistance...

tradingconmike

FX:GBPJPY recovered some ground, but it remains trading with losses of 0.31%, late in the North American session, due to risk-off impulse as investors slashed bets the US Federal Reserve would cut rates as aggressively as traders expected. The cross-pair is trading at 185.86 after hitting a daily high of 186.54. The pair dipped to a nine-day low at 185.08 before...

tradingconmike

FX:NZDUSD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields. Consequently, the pair tumbled more than 0.80% and trades at 0.6154. The NZD/USD uptrend remains intact, though it is subject to a pullback. If the pair slides...

tradingconmike

TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday. If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37. In the meantime, above the key 200-day SMA, the outlook for the index is expected to...

tradingconmike

FX:EURJPY accelerates its losses and puts the 159.00 support to the test at the beginning of the week. The continuation of the downward bias appears on the cards for the time being. Against that, the 100-day SMA at 158.62 is expected to offer temporary contention prior to the October low of 154.34 (October 3). So far, the longer term positive outlook for the...

tradingconmike

FX:EURUSD retreats for the fourth session in a row and puts the key 200-day SMA to the test on Monday. A drop below the latter should pave the way for a deeper pullback to, initially, the intermediate 100-day SMA at 1.0778 and the 55-day SMA at 1.0681. So far, while above the significant 200-day SMA, the pair’s outlook should remain constructive.

tradingconmike

Forex traders have the luxury of more highly leveraged trading with lower margin requirements compared to traders in equity markets. But before you jump headfirst into the fast-paced world of forex, you'll want to know about the currency pairs that trade most often. Here's a look at six of the most traded currency pairs in forex: 1. EUR/USD: Trading the "Fiber"...

tradingconmike Updated 

We have a long opportunity looking for the target at 1.09260, as long as the price does not break the 1.08800 level. With the expected news for today and the volatility that they may generate, a break of the 1.08800 level would give us the signal to enter the market with a short position, looking for the 1.08500 target level.

tradingconmike

NASDAQ:PDD is soaring higher after a blowout third-quarter earnings report. Let’s take a look at Pinduoduo’s largest shareholders: 1. Sequoia Capital: 48.23 million shares. Sequoia acquired 45.04 million shares during Q3. 2. Baillie Gifford: 35.66 million shares. Baillie acquired 4.5 million shares during Q3. 3. BlackRock: 27.87 million shares. BlackRock...