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Investors doubt and China operates at half capacityBefore investors could relax and believe that the worst was over, a new portion of reasons for concern arrived. It is about spreading the epidemic outside of China. Recall that almost 99% of everything related to COVID-19 took place in China. And investors at some point decided that everything that happens in China remains in China. Yesterday forced some to reconsider their position. The number of people infected in South Korea rose sharply (it jumped from 32 to 82 in a day, but more importantly, most of the newly diagnosed cases were parishioners of one church, where about 1,000 people were present at the time of infection, that is, we can expect a further increase in the number infected) and Japan (more than twice as many as 84 people jumped in a week), the first deaths appeared in Japan and Iran. All this makes us think about the spread of the epidemic around the world with all that it implies. By the way, about the resulting. China very clearly demonstrates what price has to be paid. Goldman Sachs experts analyzed data on a number of direct and indirect indicators, in particular, statistics on finished goods production, demand for steel and its reserves, coal consumption and real estate sales in China, and a number of other indicators, and concluded that economic activity in China does not exceed 50% of the average indicators of past years. That is, as we warned, it is too early to relax, the events are still in the process of development, and their consequences will become clear only after some time. Against this background, gold traditionally feels comfortable, which continues to stubbornly move towards the goal that we voiced a few weeks ago (1800 mark). But the yen’s problems continue and there are active rumors in the market that the currency is losing the status of an asset-refuge. Despite the current problems of the yen and the high likelihood of its further decline, sales of the USDJPY pair above 112 look too tempting to not try to catch a u-turn with small stops. Moreover, today is Friday - potentially the day of profit-taking. And the yen has something to fix. Considering how depressing statistics have recently been from the Eurozone, one can expect another batch of weak data from Europe and a new round of euro sales. So you can even sell the EURUSD pair without waiting for the data. In addition to the euro, today we will sell oil, a pair of USDJPY (above 112), buy GBPUSD with small stops, and also look for opportunities for buying gold.
Short
by Trade24Fx
BTC more signs of a bull run regardless of Iran US conflictSince BTC is already digital gold and adaption is just the next step. Considering that BTC was pumping along with January effect and the conflict between US and Iran. Let's consider that I was bearish already during this phase of consolidation from January 8-13 where Iran and US expressed concern to end conflict to not escalate a war. BTC then consolidated and was bound for correction on my analysis. But I was proven wrong and for me BTC pumping was unlikely from here. But it did...So in conclcusion if BTC is pumping even out of the Iran and US conflict which is already fading away...then we can consider this a sign of a bull run. Let's still see
BITMEX:BTCUSD.P
by Limitless-Investor
Price Action Says Short, But War Can Say BullGold is extremely overbought on both the monthly and the weekly. So this should still ride overall as a short. The conflict with Iran can still greatly affect the USD, so whatever happens, this week news-wise can still make it bullish against price action. But technical analysis still screaming this is a big big short. Let's see. BEAR TPS: • 1550.55 • 1537.30 • 1527.05 • 1515.56 • 1503.63 • 1489.61 BULL TPS: • 1571.51 • 1584.37 • 1595.62 • 1610.72
FX:XAUUSD
by NikaJourney
2
About optimism, faith, and facts, as well as trading on the newsOptimism and belief in a bright future are generally quite positive things, but you should not abuse them, because this is fraught with a separation from reality. What we observed in the last couple of days in the financial markets, in our opinion, was that separation from reality. Asset prices are as if there were no killing of Suleimani, mutual threats from the United States and Iran, Iran’s missile attacks on US military bases. All at once forgot about the billionth injection of the Fed in the Fed market, the trade wars and the slowdown of the global economy. By the way, the World Bank just a few days ago lowered its forecast for world economic growth in 2020 from 2.7% to 2.5%. But this is part of reality, from which there is no escape. Failure to think about these things does not mean that they cease to exist. That’s why we will continue to sail today against this stream of optimism and will buy gold and the Japanese yen, as well as sell the dollar. In general, the dollar today can be a very defining day. The release of statistics on the US labor market is always an occasion for a sharp increase in volatility. Given the importance of the data, our position on the NFP and the reaction of the dollar will be presented in a separate review. In general, the best option for trading today, in our opinion, is trading on the news. That is, do not try to guess what data will be released and how the dollar will react to it, but act on the fact. And there is just a great candidate for the deal - we are talking about a pair of USD/CAD. The fact is that today not only statistics on the US labor market but also on the Canadian labor market will be released. That is, a couple can undergo either a double positive (as it was a month ago) or a double negative. In any of these cases, the movement will be quite strong and unidirectional. So we offer the next trading plan for today. 1-2 minutes before the release of data in the USD/CAD pair, we place orders like BUY STOP and SELL STOP at 20 points from the current price at that time. And then we just wait for the news. If the option “bad data for the USA/good for Canada” is triggered, pick up SELL STOP. If the game has the option “good US data/bad Canada data”, BUY STOP will work. In both of these cases, it is recommended to hold the position until the end of the day. If the data come out less clear and the situation is unclear - remove orders.
by Trade24Fx
Setting up the trap. Carefully! Explosives!This post is a confirmations aggregator for the main idea in questioning: /////////////////////////// I've looked at the indicators and saw... sea calm on 30m...(see the above chart, no confirmations yet) Overbought on 4h: Overbought on daily: ///////////////////////////// As of yet - a few not critical confirmations of the IMMINENT CORRECTION have just appeared(today) on daily and 4h. Now waiting for the 30m to catch up))) 12 hours of the deep calm should result in a wide 8h-50hours long imminent horizontal or deep correction 2.4-8 figures down. But still the sea is calm, the volume is non-existent. ///////////////////////////// Consider the above stated together with the root ideas in your analysis:
COINBASE:BTCUSDLong
by orbborisson
1
Boeing forming Multiple Head and ShouldersWeekly Chart : The time will tell, but meanwhile the chart tells us that the odds pointing to huge Reversal Pattern. Multiple Head and Shoulders contains several shoulders, in our case 3 from each side. Note the huge volume spike in the Head. Note the inner Neckline and the Outer Neckline. Short trades will be taken when the price will break down the outer line by a range that equal to 3% from the price at the moment. If the breakout will carry Peakup in volume, it is more safe to wait for retest on the lines and then take the trade. The first Target is 250. Good Luck!
NYSE:BAShort
by Ido_Havazelet