Action
The Dollar index has extended declines across the board...The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band.
However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today.
I expect some immediate further decline.
But overall will be keeping close eye on the next couple of days for longer term bias.
USDJPY Bearish Momentum.The USDJPY rebounded slightly upwards. If the bullish momentum returns, then the pair might recover to the resistance of 110.01 and extend further to 110.38. However, if the bear strikes then the pair could fall to 109.21 and possibly break the second support level of 108.78.
Telcoin I think its heading to its next leg up very soonIts showing a strong upwards tread using the day charts with the support lines candles not going below and the staircase formation with bull flags clearly showing. Im very positive this is going to go up and me myself are investing before the next leg up coming very soon. If you doing a swing trade rough stop loss 0.00537270 skalp at 0.00801522 and take profit at 0.00990986 and patient swing 1.5c that's what I would do if i was swing trading this. Me myself im keeping this long term because I can see this will eventually go to 55c to $1 a token in over a years time because the technology behind it and it getting listed on other exchanges. Please do not take this as investment advice, up to you to do your own research, just my view only on price action trading and doing this as a hobby.
JPPowerJppower is a hero or Zero stock (highly risky bet can become zero)
Reasons for selecting this stock:
1.Technically forming Head and Shoulders pattern target could be RS10 minimum 1yr holding
And longterm (3yrs target -25)
2.jppower management continuously putting lot of efforts to reduce debt and their efforts are reflected in their hardwork .
3.JPPower management and ICICI securities reduced debt from 11000crs to 5000crs through Debt Restructuring method in 2020 and Again reduced 299.51crs debt this year(March 2021)so Net Debt remaining (5000crs-299.51crs=4700.49crs approx)
4.ICICI Securities has approx 12% stake in jppower which is a positive indication.
It looks like a distribution phase is nearbyWhen the stock behaves in a peculiar manner inconsistent with the trend and volatile range, it is thought be cooking something inside of it. And i see a very good entry point of shorting ICICI bank when the price reaches red line and rides all the way to the down with keeping
GBPJPY SHORT SETUPIn this setup, we see what may be termed as a break out from a channel to form a larger expanding flag to the downside. We'll take advantage of the 'patterns inside of patterns' to highlight short opportunities on this pair. Set your pending orders below and stop loss as per your strategy.
I'm taking on short opportunities on the GBP pairs for this week.
Comment, contributions and suggestions are welcome.
The bullish perspective CADSGD has seen an interesting 4 years we have been range based from 1.00-1.10 with our last trim to 1.00 being around last April.
Since then we have seen 3 Lower highs (LH) form in the market around key areas of 1.10, 1.075, 1.50
From its last test of 1.00 the market has seemed to gain speed upwards with the trip from 1 to 1.0475 taking 105 days at a 4.73% increase and a 165 days at 6.15% increase from 1.25 to 1.75
We have seen this market has broken 2 lower highs and seems on pace to be reaching the 3rd.
Keep a look out for price reaction around 1.10 is we can find support above 1.110 we could be looking at a value low 1.10 value high 1.20