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Deal

Russia & Saudi deal on Monday = green light for marketsSCO is at a critical point right now. It seems that the large H&S has played out and quickly retreated after Trump tweeted about a potential deal between Saudi and Russia to cut oil production by 15 million barrels. No one knows exactly what the outcome of the OPEC talk occurring next Monday is going to be. If the plan falls through and political tensions escalate, then SCO will bounce hard. The demand for crude is very low and the supply keeps increasing! If the deal fails, and the important support level of $17.50 to $19.00 breaks, then expect major downside. It could go either direction Monday. Bitcoin and traditional markets are also at critical points based on technicals. My gut is telling me Russia might endure so US and Saudi experience more pain. Of course don't trade off my gut, I could be completely wrong! GLTA.
AMEX:SCOLong
by OptiPulse
3
BE READY FOR NEXT WEEK BIG PUSH UP ONCE THE TRADE DEAL DONE !!!!There is a clear sign that next week Chinese Stocks will get a boost from the actual signing of the trade deal !!!! The same happened with Tesla and the china made Tesla , it took until they beat highly the sales forecast and to see the actual car being produced for the stock to DOUBLE in few weeks; NOTHING WAS REALLY NEW BUT THE BIG LESSON IS THAT MARKET LOVES WHEN THINGS ARE DONE AND SETTLED AND NOT ONLY IN THE AIR
NYSE:BABALong
by PhilippeDelpCFA
GBP/USD: Hot or Not ?GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive nonfarm payrolls. So technically, the price should go to test the support in the 1.25 area by todays closing and, should it be violated to the downside. It could mark a new period minimum in this 2019 going beyond the 1,237. Basically this hypothesis is the most likely in the short term as the strong uncertainty around Great Britain due to Brexit. A rebound at the moment is not expected. Except for even more expansive scenarios of monetary policy from the Fed. To summarize GBP/USD: hot or not ? Maybe not. We recommend a short entry on this pair. The first target is in area of 1.25. The second target is in the intermediate area at 1,244. So the final one is at 1.237.
Short
by BFCMInvest
1
Technically the gbp/usd is strongly bearishTechnically the gbp/usd is strongly bearish. It is intent on setting new period lows. The price, after having broken down the channel composed by the support ( 1.28 area ) and the resistance ( 1.32 ) has started this very short-term downtrend. In less than five sessions this led him to test the key short/medium term support. This one identified by 23.6% of the Fibonacci retracement and placed in the area around 1.264. For now there are the conditions to see a rebound of the price. The maximum extension on a very short period is on the static resistance of secondary importance set at 1.277. If it reaches this area it will be necessary to wait to see if the price can extend further. And after re-enter in that side channel previously mentioned above 1.28. If it is only a false upside-down movement that will unload all the "oversold" indicators. After it could retrace its steps and push down further, breaking the key support at 1.264 and proceeding towards the minimum of the "Brexit" referendum to date, at around 1.19. Basically the scenario that has been set up around the pound is extreme uncertainty. As it is not yet clear to date the plan that will be implemented to exit the European Union and on what date, it is very likely a further postponement. The investors, not having a clear picture of the situation, are liquidating their positions on the British currency from their portfolios. This is in favor of other majors. Yesterday the prime minister May tried to propose a new deal to the parliament. It was very close to the agreement previously rejected and, therefore, recycled. He had also put forward the hypothesis of a possible "referendum 2", but he did not obtain the approval from his own parliamentarians. So now the macroeconomic scenario is still in the making and marked by a new decline after a very technical uptrend period. Technically the gbp/usd is strongly bearish. So we recommend a long entry with the first TP in the 1,269 area. The second target on 1,273 and third at 1,277. The SL will be set below the key support in the 1,259 area. The main trend remains strongly bearish.
Short
by BFCMInvest
EURJPY: Trade War For My Account Also Welcome everyone to this new trading analysis on this Wednesday! We are looking at the EURJPY pair on the 4h chart. Trade war between Trump and Xi is real.. Trump stated a few minutes ago that Xi from China offered something good between the deal. Instantly all XXX/JPY pairs gained momentum to the upside. Good for my positions as im going to the worst trading week since im trading profitable. How is your trading during the trade war going? Any tips for become super focused on anything besides trading? Comment Below. Wishing everyone success and great weekend!
Long
by darian_fx
The price is preparing to break this lateralityThe price is preparing to break this laterality.   The situation kept the price within the channel between support at 0.846 and resistance (both static and dynamic) identified respectively by 38.2% of Fibonacci retracement and by EMA20 weekly periods. If there was a confirmation of closure above this level, the price will tend to reach the subsequent static resistance area. That is located about 0.89, and could register a very short term rally on price. If the price breaks down the support in the 0.843 area, the main downtrend would remain unchanged. Bringing this change back to below 0.80, it can reach a minimum not been touched for 3 years. The macroeconomic scenario remains in favor of a short-term uptrend. The uncertainties of the Eurozone continue to weigh on the reference currency. The monetary policies that will be adopted is favoring a devaluation of the Euro in the medium term. The Brexit situation remains unchanged and according to the main analysts will set new period minimums for gbp by June. The target area that investors aim is between 0.89 and 0.91. From here it is possible that this pair will stabilize and that therefore the descent will continue again towards the EMA200 weekly (0.855). As soon as the closure above this resistance is tested, we will recommend a long entry.
by BFCMInvest
GBP/USD: the scenario that is taking shape is very uncertainOn gbp/usd the scenario that is taking shape is very uncertain. The British government has managed to find an agreement with the European Parliament. They need an extension of the London exit from the EU at the end of October. These six months should be enough for May in order to be able to convince their parliament again to accept the agreement with Brussels. The main task is don't scare the markets with a "no-deal Brexit". Hardly those conditions already rejected twice by most members of the English parliament will be accepted. This could be the third vote without any modification of the purpose. The European Union is not prepared to retract at the moment. All this uncertainty is making the pound lateralize in this channel between 1.30 and 1.329 by February. We do not enter the market until the scenario is clearer. This is what we can see in the technical side. We see a price squeeze in the area between three key levels, the basis of compression is the dynamic support passing through 1.306. The first resistance is on a static level at 1.309. The second one on the dynamic level at 1.311. Based on a broken support or resistance the key levels will be 1,289 or 1,326.
by BFCMInvest
The pair completed the correctionThe pair remains in the upper belt of Bollinger bands and we observe the ascending movement. The pair failed to overcome the mark of 1.3150 and now we have observed a correction of the price. Our technical indicators point to purchase deals. As the pair departed from the middle line of the bollinger bands, we believe that the upward movement will be resumed. We advise you to look for points for entering long positions and consider your targets near the level of 1.3150.
Long
by SuperForex
AGAINST the feelings of sell - nearest broken trendin nearest time (1-2 weeks- maybe first day of oct.) we may to see a another trend- market falling by 30% or go to the 8000$ in long term to the dec if GREEN lines will be broken - that may be a sign for buy = end of long term Bear trend BLUE lines is a resistance and support lines RED line is a strong support line , when red line will be broken we falling to the other support lines STAR and CAMERA - is a shoting time of action (22-25sept- 5 okt) 70 to 30 for Bear to the my previous predict- 4.8$ for BTC in shirt time predict(to the end of sept- first days of oct)- we will to see slow bull run to the ~6,5$
BITFINEX:BTCUSD
by Bombr
We expect the level to breakOur pair again reflected from the level of 1.3150, after which it headed down. Our technical indicators show the sale. To date, we expect the FOMC statement and the publication of the Fed's interest rate decision. We can assume that until this point the dollar will continue to strengthen against the pound. We expect that the pair will test the level of 1.3080 and in case of breaking, the pair may continue the downward movement to the level of 1.3010. Therefore, we advise you to look for points to enter short positions.
Short
by SuperForex
Let's update the lows!As we assumed earlier, the price reached the level of 6.100 and moved away from this level. But for how long? As we see that the increase range of the price is limited and does not have a strong momentum. Thus we have drawn another intermediate level of resistance. We expect that the price will continue its downward movement, to update the annual minimum. The current rebound is a short-term one, therefore we have to take short positions and focus on the levels of 5.800 and 5.600
BITFINEX:BTCUSDShort
by SuperForex
1