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Marketanalysis

Is A 1.6% Upside Target Worth The Risk?Without carefully crafted historically backtested strategies, the kinds of trades available on short-time frames within the current market structure are high risk. Check this one out. 3 'white soldiers' candle formation on the 4 hour chart. Looks good. MACD pushing up. But look at the overhead resistance level. It's just 1.6% above current price. Would you risk leveraging long for such a small move? Or would you wait for stronger momentum on a higher time frame?
Long
by Sparkster
1
Market Analysis for June 12, 2020This is trading strategies trendline... Trendline gives us better idea to go with the trade as per trendline...now market has tested its high of 10300 as per trendline and now after touching high as detracted so till the time its not positively go beyond 10200 above level no point in holding long position. If we analyse DII and FII data, FII pumped 14000 cr in Indian Equity Market in 13178 cr in the month of May 2020 and even in June 12195 cr till date in the month of June 9, but in the last 3 days they are doing some profit booking. on the other side DII invested 11356 cr in indian equity market in the month of May 2020 but in june they are booking profit as taken 2000 crore out of the market. So coming will be highly volatile for the market as it can again drop another 8-10% to sub 9000 level. be cautious do your trade accordingly.
NSE:NIFTY
by oumthakur
Waiting for the stark reality of economy to be exposed!Op-ed: The charts show global stocks could retest their March lows later this year www.cnbc.com Key points: From a technical analysis perspective , global stock indexes in March wiped out critical long-term support factors pertaining to the entire multiyear rallies since the conclusion of the global financial crisis bear markets, that have driven many stock indexes to all-time highs. From our technical perspective, although the short-term outlook into June remains for further upside, we do not see most of the major benchmarks challenging the current 2020 cycle highs. Given that markets remain contained below the peaks from the first quarter of 2020 at the end of the second quarter and taking into consideration the above-mentioned damage inflicted to the long-term charts, the threat in the next two quarters is for a roll back down lower into the very wide ranges established by the first-quarter sell-offs. From a macroeconomic perspective , a more negative outlook could be driven by the lifting of lockdowns allowing for the removal of fiscal accommodation by governments, which could expose the stark reality of a post-pandemic global economy, damaged by the measures taken during global lockdowns. Furthermore, there is also the risk of a second wave of coronavirus cases and deaths as lockdowns are eased, potentially seeing lockdown measures reinstated. Finally, the growing resumption of tensions between China the U.S. (as well as other nations), could lead to a renewal of the 2019 trade war. With most commentators agreeing that the economic recovery is likely to be U-shaped at best or even L-shaped at worst, the likelihood of a V-shaped recovery by the global economy seems unlikely, which is likely going to be needed to continue the aggressive V-shaped rebound in stock indexes. In summary then, although the short/intermediate-term outlook remains for renewed upside for the major global stock averages into June, we do not see a resumption of intermediate or longer-term bull trends. Rather, markets could likely be contained within the broader ranges defined by the first-quarter 2020 bear markets, or possibly even into the second half of 2020 to retest the March 2020 bear move lows.
SP:SPXShort
by krisu619
3
Signs Of A CONFUSED MarketHi @FollowMyForex traders, Earlier this week I was reading about how managers at some hedge funds were removing their money from the markets because they just didn't know how to read the markets right now. It said, "even the big boys are getting slaughtered". Currently, we are experiencing a confused market if there ever was one. Just take a look at the current H1 move on the USDJPY . A 60 pip drop followed by a 60 pip rise isn't any way you'd see the market move in recent history. We've been seeing this up-down whipsawing the whole week. Some big traders have been taking shots this month like never before in their careers. I even know of two who have reached their maximum drawdown and is going to take a break from trading for 7 days now. Ouch! It's in times like these that the most important aspect of trading becomes clear again - risk management. It's easy to forget about it when it's raining pips like during the period from the end of February until end of April, but it's a bad habit to get into, whether it's going good or not. Why? Because you never know when an unpredictable change in the fundamental way the market is trading is going to happen and hit your account hard. If you got out of trades when you saw markets were behaving erratically - good for you. If you maintained strict management and never risked more than you should to recover from a loss - good for you. If you are ending the week anywhere between profitable and 1% - 2% down - GOOD FOR YOU. You were practising diligent money management. Thanks to everyone who traded with us this week and congrats on the winning trades! Trade safe and have a great weekend. ♦ P.S. Dear reader, if you liked this post, I would greatly appreciate a thumbs up! And if you want more commentaries like this, trade ideas and signals, remember to follow me. Thanks!
by FollowMyForex
3
Dow Jones Index- BULLS COMING TO MARKET Big Bos : "God damn it. People hungry. I will have a big event after this. You are my supporter or not?" Subordinates: "But Boss, colleagues and our friends still afraid about...." Big Boss: "Quite all of you. I tell you. Now get going to them. Tell them, I want market rising. Bearish its over. Don't you think i am stupid. All of you already full enough buying stocks in cheaper price. The holiday is ended. I want market rising. God damn it. Do you understand?" Subordinates: "Roger Bos. We do it right away" . -------------------------------------------------------- And we see bulls coming to the market. Voila ... Q: " J, i wanna ask. This market movement is just temporary or not?" J: " Well. I still dont know if the market can breakout 26740 or not. But I feel that market will not drop sharply like the past. It will be ranging in level 22750-26740. They will make the market like that way for a while. That's my thought". Q:" Ah i see. So it is the time to buy?" J: " You buy when the market dropping. or when it is under correction. Whatever the correction it has. By the way, correction has multiple form. But I don't want to let you know about that. Maybe later in future...Lol Q: " okay, okay man. Then i will prepare ..." J" " Prepare your money to buy?" Q:" No man. Prepare to have a bath. You want to come with me?" J": God damn it. (throwing roll of tissue ).... -J
DJ:DJILong
by Jee_D
1
$CADJPY Short against Weekly Close of 78.00With this weekly close below the EMA9, the CADJPY continues to test a firm resistance and retreat. The $CADJPY is looking like a Short against Weekly Close of 78.00 for a test of the low at 73.00. The current price is at 76.68, which would provide a good risk to reward for this pair. Only weekly close above the weekly high of 78.00 would negate this pair's bearish pattern. My analysis is not to be taken as final target or exact numbers, but as an exchange rates heat map of where sentiment and expectations are going. Take profit when you feel necessary or cut your losses. Please feel free to like and comment. Let's make some money together! Happy Trading! Dr. Lydia Smith
Short
by DrLydia
1
Long $USDCAD against 1.3900The USD/CAD has held support at 1.3900 over the last few weeks. This on a weekly and monthly charge would show that a triangular pattern formation is being formed, if the support holds. This along with fundamentals of supporting the dollar rise, Would support a long here. Therefore I am looking to buy the usd/cad on a weekly basis for a test of recent high of 1.4100. Unless the other pairs can break the range, the pattern favors a strong dollar over the coming weeks. If you are looking to trading make sure the shorter time frames are in oversold to maximize profit. Risk to Reward. Only a close below weekly support would negate trade. If you like this analysis, make sure to like, and comment, which is appreciated. Let's Make some money together! Happy Trading Dr. Lydia Smith
Long
by DrLydia
XRPUSD BITMEX - DAILY CHARTLooking at the DAILY chart for XRPUSD on Bitmex, I've noticed the following during this big sell off; 1) Breakout from Uptrend in process, more clear once close on DAILY or even 4HR chart for confirmation (Reliable TF's) 2) Lower Highs have been made - waiting for Retest at next Lower High for a SHORT entry (2050 - 2150 Sats for entry point) 3) DAILY/4HR Candle close below Mid Boillinger Band (waiting for confirmation) 5) MacD & RSI looking like buyer exhaustion and sellers coming in 7) 2 scenario's: Full retrace between 1045 - 1200 sats or A Retrace to 61.80 or 78.60 Fib with a Breakout from Downtrend Do your own research (TA), not financial advise - My thought process and what I will be doing. TREND IS OUR FRIEND!! Feed Back would be great.
BITMEX:XRPUSD.PShort
by Siyerk