What is the Next Move for NASDAQ 100 Futures?Quite frankly, we don't know the answer. The index continues its uptrend and therefore, hit the all-time high on 18 August 2020.
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From our technical standpoint, assuming the bull-run continues, we are looking at an initial resistance between 11700 and 11841.50. That's a short technical analysis and we shall see what the index is going to do in the next few trading sessions.
Good trading!
From the Desk of NinjaSingapore
19 August 2020
Forecasting
CLOSE TO PULLBACK UP ZONES SANOFI - SAN - 240MNThe price has been ranging widely, coming back to its pre-pandemic trend.
The price is coming very closely to two different important "pullback up" line.
Probability of nice entry for a long direction trade.
In the flip side, if it breaks down those two lines further, there is a risk to see the price approaching the horizontal black line.
For the moment, the probability stays in the direction of the pitchfork, up trending.
CHFJPY Technical Analysis UpdateTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (114.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 113.85
TP2= @ 113.10
TP3= @ 112.40
TP4= @ 111.80
TP5= @ 110.45
Trade Setup:
We opened 5 SELL trade(s) @ 114.07 based on 'Peak' at 14.07.2020:
Total Profit: 286 pip
Closed trade(s): 22 pip Profit
Open trade(s): 264 pip Profit
Closed Profit:
TP1 @ 113.85 touched at 07.15.2020 with 22 pip Profit.
Open Profit:
Profit for one trade is 114.07(open price) - 113.41(current price) = 66 pip
4 trade(s) still open, therefore total profit for open trade(s) is 66 x 4 = 264 pip
SL: Break Above R2
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VBIV Condensing Clouds (+Forecast)Buy VBIV for its race to the COVID-19 vaccine. Bollinger Bands are condensing for a breakout, as the Ichimoku Cloud(s) raise. (As mentioned in prior posts), the Ichimoku Cloud #2 (Kumoni) indicates that when price enters its range, it's bound for change. In this chart, it's shaded purple. In the the algorithm (link below), it's forecasted 5 days. See here:
docs.google.com
ZYNE Racking UP; ALGO Img.ZYNE dips into the Ichimoku Cloud #2 before heading back up, to the top of its Cup & Handle (inside the 5 day view). As mentioned in prior posts, the 2nd Ichimoku Cloud (shaded in purple) indicates that when price enters its range, it's bound for change. See Algorithm imaging here:
docs.google.com
MANU Build UPAs mentioned in previous posts, the 2nd cloud formed in the Ichimoku indicator tells us that, when price enters its range, it's bound for change . The 2nd cloud is shaded here as well as in the algorithm (images) linked below. The forecast for MANU appears to be going UP. Notice the TRIX indicator moving up as well. docs.google.com Good luck!
ZIV Clouding UpPotential break coming soon for ZIV? The 2nd cloud formed shows us that when price enters the range, it's bound for change. Try it?
docs.google.com
NEXT WEEK IMPORTANT MOVE - DOLLAR TREE INC - 240MN - MY IDEAThank you for your likes! Well appreciated support! Please share to benefit the community. Thanks and enjoy!
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We observed that the DOLLAR TREE INC price have been going up but ranging between two very important lines.
The support blue line and the top resistance which has been at a higher level in the past.
This pressurized the price which try to get out of triangle range . Several pullbacks confirms our idea.
This has illustrated a very high pressure zone in which the market will be evolving from next week.
Next week is crucial!
We can't at the moment confirm at 100% a certain direction but the probability of seeing the market opting for the short side is higher because of the presence of a SUPER resistance above.
We can stay ready to enter :
- When one of the blue lines will be broken
- When a large candlestick will be formed .
Possibilities:
-The market could retest the support line to get some power on super pullback up, strong enough to break the resistance.
-The market could again test the resistance and break the support line . This would be the best for all traders as that support line is easier to break and is more likely to create opportunities for large profits.