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Key Levels and US Market Review for the Asian session open 24/04Major Indexes edged higher Friday into the weekend with both Europe and the US posting minor gains. The US had economic data out that came in stronger than expected and sent US Bond Yields higher to add further fuel to the interest rate rise narrative. Share market traders have been in a holding pattern awaiting a big week of earnings this week in the US as some big tech names will release results and guidance. Expect that the tug of war between good and bad economic and earnings data will continue to see tough markets this week. Longer term, I still feel that share markets are looking heavy and expect to see some risk off moves or at least the market to cap bullish moves. I either expect sticky inflation or expectations for a recession to weigh on markets. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed. Traders are continuing to anticipate the end to the rate rising cycle and may be wrong again. If the Fed stops too soon, then shares will rally and put pressure back on inflation. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 17/04Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from rising interest rates and easing fears of stress in the banking sector...potentially showing they benefitted from the Banking crisis. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will be conscious of a run higher in risk assets as that will continue to fuel higher inflation. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 8/03A review of the price action from the European session and the US session. Major indexes took a big hit after Powell suggested that the US Central Bank could raise rates more aggressively than previously expected. The USD reacted sharply higher while US bonds spiked lower. Investors who recently went bargain hunting were now going risk off into the share market. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Swing trade setup for Oct 20Swing trade setup for Oct 20-------I DO NOT GIVE SOLICITATION TO BUY OR SHORT. USE YOUR OWN DISCRETION I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at. So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
NASDAQ:METALong
by Composed_Trader
Which Will Win? Breakout Trade For The Short or IHNS?On the 4hr time frame, I see an inverted head neck and shoulders. But on the daily timeframe , I just see consolidation. So what I'm looking for this week is to see if the IHNS will complete and be respected, or is this the beginning of a swing sell? We'll know for certain this week. Intraday TPs were added upon request this week. BULL TPs: • 1.39715 • 1.40003 • 1.40463 • 1.40745 • 1.41127 • 1.41741 BEARS TPs: • 1.38865 • 1.38637 • 1.38289 • 1.38089 • 1.37845 • 1.37629
by NikaJourney
MSFT - 8.91% Potential Profit - Bullish PennantBullish Pennant formed with the possibility to hit the historical resistance line. Entry price conservatively set at mid-resistance breakout. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $216.58 Suggested Stop Loss $211.56 Target price $235.96 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:MSFTLong
by maschera
5
Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears. If it decides to shoot up sooner than later, that means a pullback is complete. So I am waiting it out until it hits a zone to determine the next trade. Here are your TPs: BULL • 1.24148 • 1.25035 • 1.26229 BEAR • 1.23033 • 1.22306 • 1.21150
by NikaJourney
8
Looking Bullish To Start Off The Week After PullbackBack from a brief hiatus due to illness. So let's continue. Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week. So this is why you're seeing two directions indicating where the short may happen. If the Coronavirus readings get worse here in the U.S. (and it's looking like it will be), we'll be bullish all week. So here are your TPs for now: BULL • 1754.14 • 1779.64 BEAR (from the weekly area) • 1739.48 • 1733.84 • 1722.97 • 1701.69
FX:XAUUSD
by NikaJourney