The NASDAQ (NDQ/USD) composite index bounces higher off the back of TESLA landing a 100,000 EV order from Hertz.
Moving forward, many big tech companies will be posting their earnings results in the coming days, such as; Apple, Twitter, and Amazon.
Should their results beat expectations then the NASDAQ will likely see fresh highs and a continuation up to...
A very strong new trend emerging that has stopped only on the first attempt at the 200DMA on the AUD/USD at 0.7550.
The trend is underpinned by strong commodity prices and the idea that Australia will not be immune to inflation as it reopens from lockdown and that the RBA will join RBNZ, BOC, BOE and the FED in being worried about inflation when it picks up in...
Bitcoin sets a new all-time-high at 67K USD and it is important to understand how the money flow in crypto works.
1. Bitcoin rallies into resistance ->
2. Bitcoin gets traded for Big Cap Altcoins ->
3. Big Cap Altcoins rise and rally into resistance ->
4. Money leaves Big Caps and then moves into Mid Caps ->
5. Mid Caps rise and rally into resistance ->
6....
Tesla has been charging higher recently but is overbought coming into the quarterly earning release. When we rally into the earnings the risks are skewed to downside from a positioning and disappointment point of view. Market is expecting good numbers but that may be priced in up here.
Whilst it is possible for the numbers to beat the street I would worry about...
A nice reverse head and shoulders is playing out and the break of the downtrend opens up a further squeeze higher. Oil and stocks are continuing to move higher and this is helping fund this trade via inflation fears and a weaker USD against commodities.
$25 is the eventual target but we are looking for moves above $24 in coming sessions.
Very nice risk reward...
Looking to buy retracements of the breakout rally on USD/JPY.
Y112 held for 3 years and was broken as US FED moves closer to tapering at the November meeting and US 10yr Yields move higher in anticipation.
US Inflation remains stubbornly high and whilst Oil and Gas remain at year highs Inflation fears will persist and help underpin the USD.
Can buy at Y112.70...
The BTC/USD has held for some time around USD 57K
Price action is beginning to display signs of lethargy and sluggishness which usually brings bears out from hibernation.
Chasing price here regardless with buy/long positions is nothing "short" of reckless, pun intended.
Bitcoin loves flipping the GREEN D1 20 EMA (exponential moving average) during critical...
AUDUSD bounced off 0.68127 where it could potentially rise further to 0.68739.
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Losses can exceed the initial investment so please ensure you fully
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BABA bounced off 215.12 where it could potentially rise further to 230.40.
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Losses can exceed the initial investment so please ensure you fully
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BTCUSD is expected to drop to 1st support at 7584.48 where it could potentially react off and up to 1st resistance at 9012.82.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY bounced off 120.274 where it could potentially rise further to 122.690.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
JNJ reversed off its resistance at 148.36 where it could potentially drop further to 137.62.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
LTCUSD reversed off its resistance at 65.60 where it could potentially drop further to 36.97.
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Losses can exceed the initial investment so please ensure you fully
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EURAUD is expected to drop to 1st support at 1.60906 where it could potentially react off and up to 1st resistance at 1.61786.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
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GBPUSD expected to rise up to 1st resistance at 1.3267 where it could potentially react off and drop down to 1st support at 1.2920.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
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NFLX reversed off its resistance at 343.29 where it could potentially drop further to 285.58.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BTCUSD reversed off its resistance at 9012.82 where it could potentially drop further to 8011.82.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPUSD bounced off 1.2920 where it could potentially rise further to 1.3267.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
