Banking
EURAUD H1 - Long SetupEURAUD H1 - This pair tried to bounce off support yesterday, but quickly round resistance at around 1:1.3, following protocol this would have been risk free. Still flirting between that 60 pip range, markets are fairly flat at the moment, looking for something to spice up today. Not masses on the economic calendar, but hopefully we can find something that moves markets. Underlying risk, EU/UK trade, Elections, CV19, US/China trade etc.
Bitcoin (BTC/USD) Weekly Daily Chart Analysis For Oct 19, 2020Technical Analysis and Outlook
Bitcoin's brake-out of a powerful Mean Sup, $11,900 , and rocket it to Major Key Res $12,930 , completing Inner Coin Rally $13,150 and re-retested, topped Outer Coin Rally $13,222 - Marked on 26 Jan 2019. The intermediate end/pause confirmation (TSS proprietary TARC symbol not shown) is in the process - The next Outer Coin Rally is marked as $14,470 with the odds of 80%, while the probability of the price drop stands at 20-40% chance.
USDJPY H4 - Long SetupUSDJPY H4 - Since yesterdays analysis (technical rundown) UJ has kicked off nicely from that support zone we mentioned, multiple confluences. Previous support, monthly key level, weekly key level. Lets see how much mileage this pair hair, DXY trying to set hourly higher highs too.
EURAUD H1 - Long SetupEURAUD H1 - We have seen the first stage breakout unfold, just waiting for a bit of a clearer retest of the breakout price before considering a long position. Huge RR potential on this setup. Still arguably need to breakout above that previous LH at 1.64100, but lets see what happens with this counter/breakout trend.
EURAUD H1 - Short SetupEURAUD H1 - Second test presented itself, marginally a lower low, but still trading below that 1.65 whole number, need to set these lower low sequences for the downtrend, similarly we have some other bullish setups included in the rundown where we need to set those higher highs!
#Rescue packages ahead or #Bankruptcy wave #Banks #RevolutionChart technical target already processed.
In my opinion, wave targets should be searched lower.
1. either massive bank failure ahead with bail-ins or
2. massive rescue packages from the ECB.
I bet that ECB will buy bank shares massively and issues uncovered blank checks within the EURO system.
What comes to my mind?
I have to buy more gold and silver shares again.
Greeting from Hannover
Stefan Bode
EURGBP H4 - Short SetupEURGBP H4 - Support zone actively breaking, H4 candle has just closed, looking for some sort of pullback to resistance (previously support) at 0.91, now we are trading below 0.91 so generally bearish bias for the moment, especially after breaking support and the downside market gap. GBP starts the week strong!
GBPUSD H1 - Long Trade SetupGBPUSD H1 - We spoke about this support zone of 1.27 being a pivotal point and due a breakout. Support held and we formed a triple bottom before then taking off and setting new highs. Possible retest of the previously broken resistance price before taking off upside again, USD may see corrections today as covered in the technical rundown video.
GBPUSD H1 - Long Trade SetupGBPUSD H1 - Long setup shown here, if we double bottom on 1.27 and break to set new highs, we could retest either 1.27300 or 1.27 for a third time to then bounce and reverse the trend, we are in consolidation at the moment I would say, so a breakout could be expected soon!
Silvergate CapitalSilvergate Capital
They have been doing well but look for lower prices in coming weeks.
They could be lending money to the Next big thing today that will get us out of a jam tomorrow.