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USD/JPY: Outlook and great OPPORTUNITY!Hey tradomaniacs, welcome to an outlook for USD/JPY. We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone. This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio. Still it is important to see a confirmation for this setup since a potential S/H/S-inverse could cause a break above the trendline for more bullish momentum. ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Further downside on the cards for EUR/USD?On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged. For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was only for 4 billion dollars of 7-, 12- and 20-year bonds but there was extremely high demand, around 20 billion euros worth. With that, the bonds priced about 20 basis points below China's initial target, according to a report. Why this event is so important? For few reasons. The big one is that the euro is increasingly the preferred funding currency. It also signals the increasing cooperation between China and Europe. Finally, it signals China's efforts to diversify its FX and economic exposure away from the US. With this demand and the near-certainty that eurozone rates will remain pinned to the floor, expect more countries and corporates to issue euro-denominated debt and promptly invest it elsewhere. That should keep the downside pressure on the euro, but could also give it further positive potential during risk-off phases. In additional, take in mind that intraday strength in the US dollar index is a key factor behind weakness in the EUR/USD. From technical analysis point of view, a clear break below 1.1062 support suggests completion of the corrective rebound from 1.0879. On the daily chart we have seen also clear break under the short-term support trendline. Now, intraday bias in EUR/USD is turned back to the downside for retesting 1.0879 bottom next. But if the common currency manages to protect the abovementioned support, the technical picture would change. On the upside, a sustainable move above 1.1093 minor resistance will turn intraday bias neutral first. Further break of 1.1179 (October 21st high) will resume the rise to 1.1412 key resistance next. Ultimately, I am a seller of this pair until we break out above the 200 day EMA on a daily close at the very least. Look for signs of exhaustion after short-term rallies, and then take advantage of any opportunities you get to pick up US dollars “on the cheap” going forward.
Short
by ForexTrendline
S&P 500: Week 37 OutlookLast week’s move on the S&P 500 invalidating our daily rising wedge pattern, requiring us to revise. There is no doubt about it, the S&P 500 (along with other U.S. markets are rising.) However, we are still bearish as the patterns offer higher probability then pure price movement. Positive U.S and China news along with U.S. Fed decision to keep the plans to cut rates later this year is inspiring the bullish rallies. The S&P 500 closed up +2.06% for the week, showing quite a bit of strength behind it. We still carry a bearish outlook on the longer term, however, we are cautious in this market due to its sentiment. After revamping our outlook we have a short term downside target of $2850. THE PLAY: Sidelined until we see bearish candle patterns to show us S&P 500 weakness.
OANDA:SPX500USDShort
by KingdomRichOffical
OIL: Week 37 OutlookOil finished Friday up just +$0.45 cents (+0.82%) despite the Iranian surplus news last week. We are feeling a bit more confident on a gold rally as it has broken out of the bearish flag pattern showing investors are in good faith over the trade war and OPEC keeping prices down. On the technical side, we saw Oil creep with low momentum, telling us this could be a possible extension of the correction and not an actual rally. However, we are bullish because it did close above on negative news. We still have an overall $61.00 target. If trade talks with U.S and China stay in working good order we could see Oil pop beyond $61.00 before the years out. THE PLAY: A bounce on the top of the downward trendline (in yellow) for a rally higher or small bullish correction pattern forms before taking intraday buys.
OANDA:WTICOUSDLong
by KingdomRichOffical
analyseThis is just my analyse for today and until friday Price is struggling in this zone to go higher or just break down. Actually I see this: If price break the blue/teal trend line upward, euro will need to break also above the green box and hold above it to have a chance to go higher. Looking to the indicators there is a chance to see the price retrace down and form a triple bottom before the next rise. On the down side, if the price falls on top of the red box and at that time the indicators are suggesting more strength to continue lower, the price must break below the red box and hold below it to have a chance to go lower. On different timeframes we can predict the completion of a bullish bat pattern which is already valid but will be really complete if the price drops to the top of the red box (0.886 fibo). A break inside the red box does not mean anything bearish except if the price struggles inside of this box + fall below the box and hold below it in the daily. Something what the indicators does not tell is the global sentiment. Price can just suddenly continue to push up while actually there is not a real signal to expect on the indicators. We have already a double bottom so price can continue to go higher and higher before the first retracement. Then it will be possible to look for an entry based on indicators. I should wait to see what happens first. If the price holds above the green box. Look for a good entry long. If the price falls below the red box and holds below it. Look for a short. But with caution.
by Manu76
TRADERSAI - A.I. Powered Model Trades for MON 07/29China, Fed, Earnings - the Old (real) Issues are Back in Focus this Week! With the reality of the trade war with China unfolding clearly even in the words of the administration, investors are bracing to embrace uncertainty ("we are 90% close to a trade deal" no longer works). The challenge for Fed to be extremely lenient in the face of strong economic releases is getting harder with every release (so far). Earnings likely to be the wild card to drive the market mood for some time.  While these are the uncertainties impacting continued strength on the part of the bulls, they are NOT a case for bearishness, yet. As of now, our models do not see any sustained weakness. Read below for our models' trading plans for the day.   The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #ES #ESMINI #SP500 #SPX #SPY #Fed #Mueller #Rates #Earnings #China
SP:SPX
by TradersAIDotCom
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/16In this Market, Earnings (Still) Matter (?) Markets to continue to be driven by - or, appear to be - earnings related headlines. This is even more so in the absence of any major economic (barring the Retail Sales Advance release this morning, and Powell's speech in Paris later in the day) releases that upset the complacency on the street.  As we wrote on Friday's outlook, let not your sense of "can this keep going up?" color your trading strategies - instead, focus on what "is" the dominant direction of the markets and and be on that side until something else evidently manifests itself.    The chart shows the trading levels indicated by our models for today's session. For detailed trading plans, please check on our site. NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS: (i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s). (ii) The results of these indicated trades would vary widely depending on the timeframe you use (1 minute, or 5 minute, or 15 minute or 60 minute etc), the quality of your broker's execution, any slippages, your trading commissions and many other factors. (iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk. #ES #ESMINI #SP500 #SPX #SPY #Fed #Powell #Rates #Earnings
SP:SPX
by TradersAIDotCom
Gold Week #29 OutlookLet's see.. ...Gold consolidating within a well defined ascending triangle - CHECK! ...above 100MA (4H) with a bullish upward trajectory - CHECK! ...RSI (4H) above "50" with a bullish upward trajectory - CHECK! ...DXY having a hard time probably enduring a rather prolonged/deeper/correction - 2 b confirmed! ...general bullish fundamental background ("geo- & monetary politics"/uncertainties) - DOUBLE-CHECK!! We may be in for another GOLDEN RALLYE WEEK - so let's hop on it! :D
FX_IDC:XAUUSDLong
by AlexHorn
Weekly Forecast Price Outlook (Frontrunning Bitcoin) So my last idea was the monthly (published about 2 hrs ago)... here is a breakdown to the next time frame down (the weekly) it's a rough forecast with no TDseq numbers drawn, only the red line as you can see to represent about where I think the price action will travel, but it gives the basic idea of what I'm expecting in the future - THIS IS WAY down the road, so I will update accordingly as time goes on. I drew some forecasts of where the MA's will be in colored dotted lines, once again, rough straight lines, but close enough If you're interested in learning, give a like and subscribe at my youtube channel : look up "Kick Back Time" on youtube There, if I start to get subscribers, I will be encouraged to teach through screen sharing videos. You will learn A LOT more that way. Once again, this is frontrunning, it's not an actual sure thing, only what I think is likely to happen. ALWAYS trade what the technical analysis tell YOU, NOT mine or even your own opinion BEWARE OF SHORTING ! at this time guys, you can get run over real easily with all these bullish indicators going right now, just look at the Moving averages on this snapshot alone. The long term trend is set Kick Back Time
BITSTAMP:BTCUSDLong
by Kick_Back_Time
Future possiblity (frontrunning) Monthly Chart outlook (Bitcoin)It's good to have some idea of what could happen, this way you can plan. The chart is pretty self explanatory. I'm looking for a rollover that will lead into stronger selling, driving the price down only to be picked back up for a green bullish 7 of 9 hammer candle. It may not wick up in the same month, it may close and open the next candle at the bottom and then go up, either way, I'll be looking for a bottom down there somewhere. I'm looking for the RSI to come down a little and bounce off the moving average (will be confluent with what's going on in the price action). I'm looking for early Sept to be a possible entry. If you would like me to explain further in a video. Just subscribe to my youtube channel "Kick Back Time" (just go to youtube and do a search for those exact words, should come up) Right now I have no subscribers, however... ...if I start to get subscribers, this will tell me people are interested in learning more and I will start making screen sharing videos on a regular basis that go into further detail and down into the smaller time frames. Liking this idea is also encouraging... Kick Back Time
BITSTAMP:BTCUSDLong
by Kick_Back_Time
Events to Look Out For Next WeekBy Andria Pichidi - June 1, 2019 Trade and geopolitics will continue to dominate the headlines into June along with PM May’s official resignation on Friday. Top of the agenda next week will be the RBA and ECB policy meetings, but a lot of attention will also be on the contemporaneous data on the May US Jobs report, the global PMI outcomes and the European Q1 GDP. Monday – 03 June 2019 [* ]Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to slip into the neutral zone in May, after the weak Manufacturing PMI signalled contraction yesterday. ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to rise to 53.5 in May from 52.8 in April, compared to a 14-year high of 61.4 in August. Overall, we’ve seen a stabilization in sentiment since the late-2018 pullback. Tuesday – 04 June 2019 Retail Sales (AUD, GMT 01:30) – Retail sales are expected to come out lower, standing at 0.2% m/m in April, after drifting to 0.3% increase in March from the 0.9% high in February. Interest Rate Decision (AUD, GMT 04:30) –A 25 bp reduction to 1.25% is anticipated from the current 1.50% rate setting as the RBA adds accommodation amid a slowing economy and low inflation. The minutes from the early May policy review were dovish-leaning, adding to the expectation that rates will be reduced in June. Consumer Price Index (EUR, GMT 09:00) – The preliminary Euro Area CPI for May is expected to drop back to 1.4% y/y from 1.7%y/y last month. The core inflation is seen at 1.0% y/y from 1.3% y/y. Fed’s Chair Powell speech (USD, GMT N/A) Wednesday – 05 June 2019 Gross Domestic Product (AUD, GMT 01:30) – The Gross Domestic Product figure is probably the most important economic data announcement for a country, closely followed by the unemployment rate. The final Q1 Australian GDP is expected to grow to 0.3% from 0.2%. ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to edge up to 55.7 in April from a 19-month low of 56.1 in March, versus a 13-year high of 60.8 in September. Thursday – 06 June 2019 Event of the week – ECB Interest Rate Decision (EUR, GMT 11:45) – The ECB is widely expected to keep policy rates on hold at the June council meeting, but the presser is likely to be very dovish, with the guidance on rates likely to be pushed well into 2020. The details on the new TLTRO programme are also due to be released and are likely to be generous, but rate tiering doesn’t seem to be on the agenda for now, as the assessment of the possible side effects on negative interest rates continues. Friday – 07 June 2019 Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – Along with Thursday’s employment data, payrolls are important in gauging how many people are employed in non-agricultural businesses. Jobs are expected to have increased in May, at 190k following a 263k increase in April. The unemployment rate should remain steady at 3.6% from April, while average hourly earnings should rise 0.3% m/m, for a y/y gain of 3.2%. Employment and Unemployment (CAD, GMT 12:30) – After the 106.5k surge in April employment, which notched a new all-time record 1-month gain, the Canadian unemployment rate is expected to have increased further in May. Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
by HotForex
XAUUSD: Short Term OutlookWith rising geopolitical tensions between "Trade Wars" and tension between Iran and US, this should be enough to support Gold Prices... Seeming to be indecisive after reaching $1,3000 mark dropping to current $1286.825 - this could be in part of upbeat comments with US and China - and with Greenback holding a strong position it seems like Gold isn't ready for a rally. I'm looking for a retrace to 1291.500 TP before watching for market confirmation or failure of break. *Not Professional Advice - Would love to hear your view! - Krecioch
OANDA:XAUUSD
by Krecioch