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Dollar Anomaly and the Fed DayBritish pound reached a three-year low yesterday. The pound was sold out on growing fears of a potential ‘no deal’ Brexit. Investors perceive Johnson's words at face value. We do believe that nothing more than a snare which is based on an attempt to gain an advantage in the negotiation process. So, the markets are wrong, and the pound current price does not correspond to its REAL PRICE - it is very undervalued. Therefore, we continue to recommend its purchases across the entire spectrum of the foreign exchange market. Especially against the dollar. As for the dollar, the situation has not changed much - it continues to show its strength although today the Fed might deal a severe blow to it. We have already noted that the markets estimate the likelihood of curring the interest rate at 100%. The current probability that the interest rate will be reduced 3 times by January 2020 is about 70% (!). And this is a serious signal for dollar sales, that is going to be a cycle of rate cuts, that is, a reverse in the Fed’s monetary policy. The vector change cost 15% loss of the dollar price. Once again, we note that the foreign exchange market cutting the interest rate probably did not take into account. For example, the stock market has responded with new historical highs — a “classic” reaction for such situations. The bond market also took into account this. And the dollar in the foreign exchange market behaves abnormally. Anomalies do not often occur in the financial markets and this fact must be used. So today we sell a dollar. In addition to buying the pound and selling the dollar, we will continue to sell the Russian ruble and oil, buy the Japanese yen.
TVC:DXYShort
by Trade24Fx
1
Acreage Holdings - Insider Open-Market Stock PurchaseJuly 15, 2019 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (OTCQX: ACRGF) today announced Kevin Murphy, Chairman, and Chief Executive Officer of Acreage Holdings, executed an open market stock purchase for 154,000 shares through the OTCQX on July 12th. The transaction, valued at more than US $2,000,000, was executed on the OTCQX open market on Friday, July 12th. The 154,000 shares acquired represented more than 72% of the average daily trading volume on the OTCQX. “With the downturn in industry stock prices recently, this was an opportunity to show investors that Acreage management is committed to creating long-term shareholder value,” said Murphy. “We remain focused on executing on our strategic plans, including fully leveraging the power of Canopy’s IP. Additionally, we have been in dialogue with executives from both Canopy and Constellation, and I can assure all of our investors that all three companies remain fully committed and excited about our recently executed agreement.”
ALong
by dorfmanmaster
Kenji signals: buy BTCUSDToday, the indicator "Kenji" on the daily BTCUSD chart generated a buy signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of BTCUSD is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal. The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
BITFINEX:BTCUSDLong
by Trade24Fx
Buy GBPJPY - Trading in a triangle formationFX:GBPJPY , OANDA:GBPJPY , FOREXCOM:GBPJPY , SAXO:GBPJPY Trade Idea Price continues to trade within the triangle formation. Bespoke support is located at 136.10. There is scope for mild selling at the open but losses should be limited. Intraday signals are mixed. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. We look to Buy at 136.10 Stop: 135.65 Target 1: 137.60 Target 2: 138.20 EXPIRES AT 9PM
Long
by Signal_Centre
FTSE 100 - Extending higher from the bullish flag patternFX:UK100 , OANDA:UK100GBP , TVC:UKX Trade Idea Prices are extending higher from the bullish flag/pennant formation. Positive overnight flows lead to an expectation of a firm open this morning. Bespoke support is located at 7460. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to buy on dips. We look to Buy at 7460 Stop: 7430 Target 1: 7560 Target 2: 7600
FX:UK100Long
by Signal_Centre
Kenji signals: buy BTCUSDToday, the indicator "Kenji" on the daily BTCUSD chart generated a buy signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of BTCUSD is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal. The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values). Recall, work in a trend is one of the most comfortable and potentially successful trading options. For reference: The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness. The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat). It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
BITFINEX:BTCUSDLong
by Trade24Fx
Bitcoin is still in parabolic move, next target $16K if ...I appreciate your support by liking/sharing this post if you see value in it. Thanks, A long time ago, I drew a Fib Circle for BTC Long - Short chart and I have kept tracking it. So, far it has played out very well and we are on track (still following those Fib Circles). Right now the BTC long-short is heading down and this is a bullish sign as Long/short or long-short chart is known as a reverse indicator. That means, when the majority of people think we go down we will actually go up and vice versa! I know it sounds very crazy but it is a fact! My guess is the Long-short chart keeps moving down towards the next Fib Circle and will bounce back up. Note that I am talking about the overall trend move and not a short-mid term trend. In addition, after the short correction we had on June 27th, we are moving sideways so far (check out smaller time scales like 3-4 hr charts). If we keep moving sideways for the next 2-3 days, I will be VERY bullish and will buy in that dip too (I have already bought in around $11k). If that plays out and we break previous highs ($12,900-$13,000, the close price on June 26th. Note that this number is exactly the next pitchfork level, the light purple line) our next probable target will be around $16,000. This number is the 78.6% retracement level (green line) as well as the middle of next pitchfork channel (the dash line). Also, take a look at the similarities between current move and previous moves in both price actions and Stochastic RSI (note that the current move is faster and shorter. As we get closer and closer to the top, the cycles are getting shorter and shorter in a parabolic move.) Good Luck.
BITSTAMP:BTCUSDLong
by walekiller
2
ITCI bullish call activity and insider buyingITCI is moving mostly horizontally lately, and there's definite room for downside to its channel bottom around 10.40, so this is a risky play. However, a large stock purchase a couple days ago by one of the board of directors triggered a large volume of bullish option activity. Possibly the director purchased stock in anticipation of forthcoming clinical trial results that he expects to be positive. Watch this one closely and look for an opportunity to buy nearer the channel bottom. Alternatively, wait for upside channel breakout. ITCI has generally poor analyst ratings and negative earnings. However, it's made progress toward profitability and generally delivered earnings beats in recent quarters. It next reports on August 6.
NASDAQ:ITCILong
by ChristopherCarrollSmith
1