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Pound Swiss strength continuesAs discussed on last nights FX Market scan in Market Mentor: After a big move out of the BoE interest rate decision GBPCHF looks to be continuing the uptrend. See you on the next call next Monday at 5 pm AEST time Cheers Dale DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation
Long
by OrganicFX
DXY upward momentum coming... different layersthe USD w]is likely to see an upward push.. the purple rectangles show the different resistances / supports we will be looking for DXY to move through. Not sure if we will get much of a bullish reversal yet, but we can definitely see an upward push to find support higher up. this will cause pairs like GBPUSD, EURUSD, NZDUSD, AUDUSD to go down and USDCHF, USDCAD, USDJPY to go up... we could also see indices and commodities make their way down as well
TVC:DXYLong
by GTrades8
GBPUSD LIVE TRADEGBPUSD H4- Market currently in a downtrend & is trending below the 50EMA. Reason For Entry- (Fundamental Analysis)- The Pound (£) Markets are EXTREMELY volatile right now traders following comments from British Cabinet Minister Michael Gove saying that he made clear that the UK would not withdraw the Internal Markets Bill. This comment effected the GBPUSD as it has plummeted 1.45%. (Technical Analysis) - Market Pullback move followed by Engulfing Candle. SL- 81 Pips (1.30510)⛔️ TP1- 81 Pips (1.28870)✅ TP2- 162 Pips (1.28070)✅
Short
by Deensesay
1
XAUUSD, What Goes Up Must Come Down Gold spiked to All-Time Highs, breaking above ($1920.111) during the early European session, albeit quickly retreated a bit thereafter. There are still high concerns within in the US about the economy which could be grinding to a halt amid the ever-increasing coronavirus cases that continue to grow. News release of the advance US Q2 GDP report on Thursday, which showed that the economy has contracted by a record 32.9% annualized pace. Gold has been sensitive to changes in interest rates alongside reacting to signals sent by the FOMC members about the condition of the U.S. economy. I will now be observing Friday's US economic docket which features the release of Core PCE Price Index, Personal Income/Spending data, Chicago PMI and Revised Michigan Consumer Sentiment. This along with the broader risk sentiment,supply and demand, might produce some meaningful trading opportunities within the market.
OANDA:XAUUSD
by Deensesay
1
EURUSDHappy Sunday Traders This pair is currently pushing up very strongly on the daily chart. During the week, this pair broke previous resistance (1.14420 -1.14990) and is now pushing up into an area which I called the Weekly Resistance Zone. This is an area that the EURUSD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week. Weekly Resistance Zone- (1.17530-1.18560)
by Deensesay
Long-Term CELR TradeIntroduction Date: 01/07/20 Time: 11:00 AEST Topic: Yearly-Term Trade - Bullish - CELR Forecast: A drop down to about 35ish sats where some Daily & Weekly Support has been found, before reversing and gearing up for another run Summary I see a yearly trade on CELR appearing with numerous software which I utilise bringing it to my attention. With some basic TA, I do see having a real go in the future. Firstly, abit of background on the coin. ‘Celer Network (CELR) is a leading layer-2 scaling platform that enables fast, easy and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contract. It enables everyone to quickly build, operate, and use highly scalable decentralized applications through innovations in off-chain scaling techniques and incentive-aligned cryptoeconomics’. Ever since its release in March 2019, CELR had been (like most alts) on a massive downtrend, going from about 615sats all the way down to a bottom of 21sats. On the way down it did stop numerous times, creating weekly zones of support. Having found a bottom at 21sats it ranged between 21 and 26sats for a period of 2months before breaking out and going on a run back up to 50sats. Since early April, volume has been steadily increasing supporting the breakout and is now slowly tapering off. I can see a possible inverse head-and-shoulders playing out, with the neckline being around 44sats. Combine this with Fibonacci (I took the bodies of the candles) of the small breakout we had (21 – 44), we have the 61.8 retracement being at 35sats. This coincides with the peak of the left shoulder. With volume on the decline and it is retracing, I believe it could complete the inverse head-and-shoulders furthermore pointing to a 35ish sat entry. About Me: Starting off as a typical retail investor, I entered the trading space in 2017 and proceeded to buy bitcoin as it was going up thinking the moon was the limit. Safe to say I was wrong and learnt very quickly that 'What goes up, must also come down at some point'. Since then I did a proper trading course where I learnt the art of Technical Analysis and have never looked back. Increasing my knowledge from reading a tonne of books, listening to podcasts as well as reading and researching other traders has really benefited my trading skills and style. I am a now a full-time cryptotrader at one of the first firms specialising in cryptocurrencies. I am also a coach, teach and mentor to other like-minded individuals who want to succeed within the trading space. If you want to learn more about TA, trading and be financially independent, then let me know and I will help you get there! Financial Disclaimer: I am not a registered broker/analyst/investment adviser. The information contained within this post is general/educational information only, not financial advice and should not be treated as such. Trading and investing in Forex, Stocks, Commodities and Cryptocurrencies involves high risk, and is not recommended if you are not a trained investor, who has conducted proper research and training. Viewers are responsible for how they use this information and I am not responsible for any losses incurred as a result of the information provided. Please consider carefully whether trading is suitable for you, given your current circumstances, financial situation and knowledge. BINANCE:CELRBTC
Long
by OllyBakker
TESLA T.A.TSLA has been a very interesting stock to watch. Since October 2019 TSLA rose 270% reaching its highest point at almost 1000$ per share, to then lose 60% of its value by mid March and gaining another 150% to reach current levels. The volatility for this stock has been quite remarkable and offered great trading opportunities. What to expect next from current levels? From our technical prospective we se two possible scenarios playing out from the current move. - The first scenario see price failing to break the red zone suggesting a retest of the 38% fib and eventually the 61.8% aligned with the neckline of the double bottom around 550 levels. - The second require the price break the red resistance turning it into support for long entries aiming the yellow resistance which is the maximum extension of the given pattern. Always keep in mind that trading is reactive so be patient and wait for price action to give you confirmations before to take any position.
NASDAQ:TSLA
by TheTechnicalAnalysts
3