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EURAUD Post News Long + 60 PIp PotentialAUD weaken significantly after the Monetary Policy meeting minutes were released. So lets take advantage. This pair has now gone into a consolidation between 1.6418 (High) and 1.64068 (Low). Moreover, it is now Above the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS Entry = 1.6408 Stop = 1.6388 Risk = 20 pips Profit target = 1.6468 Reward = 60 Pips RRR = 3-1 Once this trade is up + 25 pips, move your stop to breakeven and let it run. Be aware that ECB President Draghi is scheduled to speak at 4am EST. and that will directly effect this trade
Long
by AGold54
GBPJPY NEWS Short + 100 PIp PotentialAlthough, I am not a big fan of taking trades late in the US Session, This news trade is a good one. That said, please use appropriate risk management as the spreads tend to expand considerably late in the US Session into the Sydney Session. We had a good push down on the GBP pairs on UK Brexit news and this pair has now gone into a consolidation between 137.73 (High) and 137.564 (Low). Moreover, it is now below the Daily 60 and 15 clouds, as well as the Daily KS, 60 KS and 15 KS Entry = 137.72 Stop = 138.02 Risk = 30 pips Profit target = 136.62 Reward = 100 Pips RRR = 3-1 Once this trade is up + 25 pips, move your stop to breakeven and let it run.
Short
by AGold54
AU: Holding Neutral ahead of RBA DecisionAU remained neutral ahead of RBA decision - closing below .6935 resistance -- A retrace to .69650 could be in the picture before cut talk; My view remains to short and should remain bearish under .70000 price point. AiG Manufacturing news out soon will help set the tone heading into the week... Support Levels: .68950, .68650, .68250 Resistance Levels: .69350, .69650, .70000 *Not Professional advice, just my viewpoint. Let me know what you think! -Krecioch
by Krecioch
$10 Move tmw on $TSLA. Bottom of channel at sup w/$400 PT ReitTesla has been in a strong downtrend down 30% this year. Short Interest is near an all time high. Showing bottoming candles and is at the bottom of the channel near a strong support. RSI is curled up and several bullish divergences on the indicators. Baird Analyst Ben Kallo Reiterated his $400 price target on Tesla's Acquisition on Maxwell Technologies that closed today. Technology acquired will drastically improve battery technology, cost, range, etc. and make it difficult for any company to catch them in the EV race. a 20% savings on a $5,000 battery is $1,000 per car. At 400- 500 Thousand cars a year that is a savings of $400-500M per year!
NASDAQ:TSLALong
by BrandonOsborne
7
Gold Bulls Await A Sustained Move Beyond $1288/1295 supply zone Fundamental View : =================== 1. The precious metal lacked any firm directional bias on Tuesday, albeit continued showing some resilience below 200-hour SMA amid the prevailing risk-off environment. 2. Oscillators on hourly charts have been gaining positive traction and also recovered from the negative territory on the daily chart, supporting prospects for additional gains. 3. However, traders are more likely to wait for a sustained move beyond the $1287-88 supply zone before positioning for a move towards the key $1300 psychological mark. 4. Meanwhile, a decisive break below the mentioned support, around the $1280 region, might negate the constructive set-up and trigger some aggressive technical selling. China increased its gold holdings for the fifth consecutive month in April, the People's Bank of China said on Tuesday, according to Xinhua News Agency. Gold reserves rose by 480,000 ounces month on month to 61.1 million ounces in April. Despite the uptick, gold reserves still make up a small percentage of China's massive reserves of more than three trillion US Dollars. The yellow metal is currently trading at $1,287 per Oz, the highest level since May 1. And other side May 9th USD Important news is PPI and Fed Chair Powell Speaks . So dollar can be a bit stronger. 1300 is strong resistance area in Gold So Gold can be dropped by this level test. The bullion is yet to cross $1288/90 resistance area comprising 38.2% Fibonacci retracement of March – April drop and highs marked since mid-April. Meanwhile, an upside clearance of $1290 can trigger the prices increase to $1300 with $1297 being an intermediate halt. Also, 61.8% Fibonacci retracement near $1302 and April month top near $1311 could become buyers’ favorites beyond $1300. Technical View: ============== Daily SMA100 1294.3 Daily SMA200 1253.94 Previous Weekly High 1288 Previous Weekly Low 1266.35 Previous Monthly High 1310.7 Previous Monthly Low 1265.6 Daily Fibonacci 38.2% 1280.44 Daily Fibonacci 61.8% 1282.51
FOREXCOM:XAUUSDShort
by Saleh11
NZDUSD Technical Analysis: Testing Key Support in RBNZ News Technical View : ============== Key Support & Resistance Zones R: 0.6920 – 0.6970 S: 0.6680 – 0.6730 NZDUSD Breakout and stable 0.6670 level then touch 0.6720 level and more because Wednesday coming big news in NZD like : Official Cash Rate/ RBNZ Monetary Policy Statement/ RBNZ Rate Statement / RBNZ Press Conference etc. Very important news for NZD. NZD moving depend on this news . GBPNZD / EURNZD big move on this news minimum 150/250 pips moving. so carefully trade this time . NEWS: ===== The Reserve Bank of New Zealand’s (RBNZ) survey concerning second quarter 2019 inflation expectations showed the price pressure to remain mostly unaffected at 2.01% versus the previous post of 2.02%. A monetary policy meeting by the Reserve Bank of Australia (RBA) could gain the immediate attention of the Kiwi traders as Australia is the largest customer of New Zealand. Also, it is expected that RBA’s rate-cut could be followed by the RBNZ’s rate change. Kiwi gave little reaction to inflation expectations amid trade news. RBNZ grabs the spotlight with GDT price index being an intermediate data to follow.
Short
by Saleh11
1
AUDUSD: ABCD Pattern, RBA RateThe RBA will release its rate statement in less than an hour. The fresh new threat of the US-China trade war is very likely to be reflected in the statement which is most likely to be bad for its currency. The aussie has plunged since the market opened this week. While the price has retraced significantly, the gap has yet to be covered. Therefore, if the price decides to cover the gap before the aussie continues to fall, an ABCD pattern will be completed at 0.7020 during/after the rate statement. Should the gap be left opened, the price may attempt to break new low but unlikely to have a lasting effect.
Short
by AlgoVenture
Ethereum ETH/USD market overview Ethereum ETH/USD Strong resistance in 190 level this the best opportunity for Short Sell 190 Area take profit 160 and 130 area. On the upside breakout and stable 190 level then buy this position, target 225 and 250 level. Another side of ETH/USD touch 130/25 level buy this position target 180 and 220 level . A sustainable move higher will take the price towards April,18 high at $176.60 and to $180.00. Ethereum is trading above the 200 EMA which is offering support at $171.17.
KRAKEN:ETHUSDShort
by Saleh11
USDCAD Weekly Technical Outlook Pullback #USDCAD pullback to 1.3370 as WTI breaks $65.00 Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders. A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250. Alternatively, the successful break of 1.3400 can question the strength of a downward sloping trend-line stretched since early-March, at 1.3435 now, a break of which may push buyers to 1.3500. Another way USDCAD Resistance is 1.3480 level and 1.3600 level USDCAD touch 1.3600 Area Sell position is best because Oil Price has been Up for a long time, so can OIL correction from 65$ Area. and short sell level 1.3480 level . NEWS: ====== The Prime Minister said that the US President Trump’s talks with militia leader Khalifa Haftar last could escalate the civil unrest that could boost oil prices. He urged political dialogue without the rogue general, WSJ reported. Trump spoke last week with Haftar, who launched an offensive earlier this month to seize the Libyan capital of Tripoli.
Long
by Saleh11
Nokia potentially oversold on the alcatel lucent newsFundamentals: Nokia took a big hit after stating that they are starting an internal investigation on alcatel lucent which they have bought. Investors reacted pretty hard to this and the stock was diving more that -8% during that day. It of course could be that there will be some negative facts to be found and in the worst case even some fines to be had. So there is of course a risk associated with longing the stock at this point. However, let's consider this from a different perspective. The company decided willingly to start investigation and they contacted officials by themselves and they do not expect any concrete consequences on the company itself based on the investigation results. Of course this is their own statement and view on the matter and they would ideally always want to make it look like a minor thing even if it weren't. However, considering the other possibility that there won't be anything significant to be found on the investigations and there won't be any fines. The stock has dived more that -5% based on these news and the fear of the potential results. If nothing will be found this would suggest the stock was significantly oversold and should be looking to recover. Techical side: The technical side is quite simplistic. RSI9 shows that the stock is on the edge of being oversold and looking at the previous behavior the level 30 has often provided support and the price has bounced up. Sometimes of course this has been violated and can be the case here as well. However just considering the option that after the stock has been up and being valuated at the previous levels 5.25 - 5.6 after Q4 report it would be quite hard to believe the proper value would be below 5€ which is of course a very important support level. Considering the both sides on this price crash I would suggest that Nokia is currently oversold and will be recovering when the investigations continue and if they show no concrete results suggesting significant fines to be had. I'd be looking to long Nokia now or at the fibonacci support at 5.065 which has been already tested briefly once. Stop loss should be placed below 5.065 support or 5.00 depending on your risk tolerance and personal view on how confident you are on these news. Lastly considering the option that the investigations bring up skeletons in the closet and significant fines are had then the stop loss is still quite small and the potential reward in my opinion clearly out weights the risk.
OMXHEX:NOKIALong
by etsubu
1
News background & trading ideas for 14/03/2019The international currency market` attention has been captured by Brexit and the pound, again. British lawmakers rejected a no-deal Brexit (voted by 312 to 308 to reject leaving the EU without a withdrawal agreement). Consequently, there will be a vote on delaying Brexit. It is about lack of time for completing new agreement and holding another Brexit vote ( the UK is due to leave on March 29). So, it has to be delayed. They are likely to vote "for" it (it`s the only move they have.), although that should be agreed by the EU. So, the risk factor for the pound is present. Nevertheless, the most likely scenario for the development of Brexit that it will be transferred and start the entire process all over again. Although the topic of Brexit is already pretty fed up nevertheless, this is an opportunity for further trading on the pound spikes. Recall, our position since September is to buy pounds on declines. Another our long-time position is selling the Russian ruble. Therefore, we follow the news background and share the most interesting and significant news related to it. The other day, Bloomberg published an interesting study. According to Bloomberg Economics` Russian assets ($750 billion) moved abroad over the past 25 years. This is half the annual RFR budget of the Russian Federation or 3 (three) annual (!) Russian budgets. This fact is the best way to explain why we so persistently recommend selling the Russian ruble on the foreign exchange market. Yesterday`s events. The US Economic data came out pretty mixed. Demand for durable goods have increased. Industrial inflation was slightly worse than expected. In general, we treat yesterday`s data as rather weak and continue to adhere to the idea of selling the dollar in the foreign exchange market. The data on industrial production in the Eurozone pleasantly surprised (+ 1.4% m / m -1.1% y / y, when forecast was + 1.0% m / m -2.1% y / y). Taking into account the fact that the EURUSD pair has surely fixed above the 1.1300, today we recommend its selling. Lastly, with regard to macroeconomic statistics, Thursday promises to be a relatively calm day, so our other positions have not changed: We buy oil and gold on the intraday basis. We sell USDCAD, but we buy USDJPY.
BITFINEX:BTCUSDLong
by Trade24Fx