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EURGBP EUR/GBP pair fell during the day on Monday, as we continue to pull back from the recent breakout. Ultimately, the 0.85 level below should be a bit of a “floor” at this point in time, and as a result am waiting to see whether or not we get some type of supportive candle in order to go long again. I have no interest in selling this market, as I see a massive amount of support just below the 0.85 handle going forward. With this, I am simply waiting to see whether or not I can go long again.
Short
by FxRanger
EURJPY Short entry EUR/JPY pair rallied initially during the day on Monday, but then turned right back around to form a slightly negative candle. With this being the case, the market looks as if it is ready to continue going sideways overall, and with that I believe it’s difficult to trade this market during what is the largest holiday season of the year. With this being the case, the market will more than likely continue to be fairly quiet. I do have a negative bias overall, so rallies that show signs of exhaustion could be short-term selling.
Short
by FxRanger
EURCHFGiven the pair continue trading at lows below 1.0830, the 1.0815 and the 1.0800, followed by 1.0790-95 horizontal support, are likely crucial supports to watch, which if broken can further drag it to 1.0730-25 support-zone. Should the pair reverses its recent breakdown, on near oversold RSI, the 1.0890 and the 61.8% Fibo level of 1.0920, adjacent to 1.0925 TL resistance, could confine its following pull back attempts. If the pair manages to surpass 1.0925, the 1.0950-55 and the 1.0980 might act as intermediate halts during its rally targeting
Short
by FxRanger
EURGBPThe EUR/GBP pair broke higher during the course of the session on Friday, as we continue to grind our way to the upside. I believe that there is a massive amount of support below though, so having said that I feel it’s only a matter time before the buyers return every time we sell off. This is my strategy in the moment, to simply buy dips in this market for short-term gains. I think the biggest thing keeping this market from forming a significant rally is the lack of volatility due to the fact that we are right in the middle of holiday season. Once traders come back to their trading desks, I believe that the momentum will pick up in this market and we will continue to reach towards the 0.88 handle, and then the 0.90 level above. I am no interest in selling this market, and I believe that the 0.85 level below is essentially a “floor” in this market. It makes sense that the British pound continues to get pummeled for the British deciding to leave the European Union, but quite frankly I think that this is going to be a slow, gradual grind higher. Eventually, I believe that this market will turn around completely and the longer term, as I believe that the Euro will eventually have to be dissolved, but that might be 10 years from now. In the meantime, people choose to punish the Pound, and run to the general safety of the Euro itself. With this being the case, I think that buying dips going forward will be the way to go, and keep in mind that the moves don’t have to be as big in this market as the PIP value is much higher than traditional pairs. With that being the case, I think there is plenty of reason to go long, and there is plenty of room for these moves to happen. I would not sell this market until we broke well below the 0.83 level, and even then I think the real “floor” in the trend is somewhere closer to the 0.80 handle below.
Short
by FxRanger
AAPL While most options traders are familiar with the leverage and flexibility that options offer, not everybody is aware of their value as predictive tools. Yet one of the most reliable indicators of future market direction is a contrarian-sentiment measure known as the put/call options volume ratio. By tracking the daily and weekly volume of puts and calls in the U.S. stock market, we can gauge the feelings of traders. While a volume of too many put buyers usually signals that a market bottom is nearby, too many call buyers typically indicates a market top is in the making. The bear market of 2002, however, has changed the critical threshold values for this indicator. In this article, I will explain the basic put/call ratio method and include new threshold values for the equity-only daily put/call ratio. (Find out how to play the middle ground in Hedging With Puts And Calls.) Betting Against the "Crowd" It is widely known that options traders, especially option buyers, are not the most successful traders. On balance, option buyers lose about 90% of the time. Although there are certainly some traders who do well, would it not make sense to trade against the positions of option traders since most of them have such a bleak record? The contrarian sentiment put/call ratio demonstrates that it does pay to go against the options-trading crowd. After all, the options crowd is usually wrong. As often happens when the market gets too bullish or too bearish, conditions become ripe for a reversal. Unfortunately, the crowd is too caught up in the feeding frenzy to notice. When most of the potential buyers are "in" the market, we typically have a situation where the potential for new buyers hits a limit; meanwhile, we have lots of potential sellers ready to step up and take profit or simply exit the market because their views have changed. The put/call ratio is one of the best measures we have when we are in these oversold (too bearish) or overbought (too bullish) zones.
NASDAQ:AAPLLong
by FxRanger
EURJPYThe pair did very little during the course of the day on Friday . I do see a significant amount of resistance above at the 115 level in order to keep this market somewhat negative. If we break down below the 112 level, then we should reach towards the 111 level. Ultimately though, this is a market that should continue to chop around overall with a slightly downward bias. Ultimately, this is a market that should continue to be negative, just as there are a lot of concerns out there.
Short
by FxRanger
DAX forecast for next days (slightly uptrend)The DAX index seems to encounter a resistance that is a weekly SSB. In high timeframes (Weekly and daily), in the next hours, days, if the LS gets over its actual candle (the top of it being tested by LS) then that would confirm an uptrend direction for the next hours or days. A potential resistance would then be 10369. I would suggest to invest (buy) at the next opening of the market and to put a take profit at : - secure : 10347 (10 pips) - mid-secure : 10357 (20 pips) - unsecure : 10369 (32 pips)
TVC:DEU40
by trader77974
1
DATA VIEW (NOT A FORECAST): US REAL DEBT DOUBLED SINCE 2009US debt to foreign investors has doubled in volume since the start of 2009 (which was the height of the financial crisis). This indicates that despite the fact that the crisis occurred and was initiated in the US, the demand for their debt not only did not vanish - it actually spiked. In mu humble opinion, it is a very strong indicator of the actual strength of US economy. /// Please note, that the level of debt that US actually owns to the rest of the world is much lower than 100% of GDP. Actually, as long as the debt COST is affordable (and it is affordable now) - debt is not much of a problem. /// For more detailed info (very interesting stuff), please see: www.treasury.gov
FLong
by Killy_Mel