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Rebound

EURUSD Possible Short Term Rebound/Retracement UpwardRemembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during trading. It will be a foolish word to just say overall trend reversal as things need time to fully confirm the actual fact and it's not right time to say a pure reversal or not but I can say for now bearish have been weakening and we can see a slight retracement around 38.20% Fibonacci retracement level at least. If better who knows 50% can also be possible but the price will need to break the weekly pivot point level plus breakout beyond the falling trendline (red). Thanks for reading my idea and I hope you enjoyed and if you think it added some value in your trading don't forget to support me by hitting a thumbs up button! (LIKE)
Long
by Anatta0
4
Apple At Dynamic Support (SMA 200)It's floating around the dynamic support (SMA 200) which can prolly hold price falling from further lower if overall market index showing positive sentiment. Stochastic supporting the bullish momentum. Knowing that China is open for business more than two months after imposing quarantines to counter the coronavirus, China is getting back to work. With new infections dwindling, factories are restarting, stores are reopening, and people are venturing outdoors. In some ways, China is where the U.S. and Europe hope to be within weeks or months.
NASDAQ:AAPLLong
by Anatta0
FTSE CHINA A50 Possible Price Rebound?Price was within the descending channel for this equity index and lately, china had done very well combating the virus outbreak and it has lower death rate comparing to Italy and thousand have already been recovered where new cases weren't escalating the way it used to like past. This all proves that china is one of a great nation around the world which may prolly rise back first from this global pandemic chaos in the near future. It was the origin of that cruel virus and people have suffered a lot in the past which I believe the virus cases have reached its peak till today and nothing can get more worst if they continue holding this virus within the jar till the vaccine development. The easing of restrictions comes as Hubei reported that new infections dropped to zero on March 19. A dramatic plunge from the height of an epidemic that’s infected around 81,171 Chinese and killed over 3,277 but recovered 73,159 (which is a great achievement) on the date report 2020 March 24. China to lift lockdown over virus epicenter Wuhan on April 8 allowing transportation to resume for the city. All these positive changes in china let me feel that it may help domestic equities to run smoothly in the near weeks or months creating a rebound on the price action for this index. At least for short to mid-term even if it's not an overall reversal it may have probabilities to create new swing highs.
CLong
by Anatta0
seems like this is a bottoming out process in place ??? All sign of a bottoming out process is there clear volume and uptrend in place since last week After the 2 trillions package agreed , we shall see a sharp rebound for good , forget about the fundamentals the market doesn't seem to let go of their big tech names , the drop has been subdue compared to European stocks back to 2009 levels and dj pr SP 500 Th upside seems much greater than the downside LET ME KNOW YOUR VIEWS
SWB:LYMSLong
by PhilippeDelpCFA
SPY-Short term Support/Resistance , AlphaOverBeta Market OutlookHello traders, The market had its first trade halt since 2008, and volatility is extremely high (more than 4 times the average), Trading the market is challenging. Our models have set two checkpoints for the market to make a short term decision: 270 - is the short term support for the S&P500, breaking that support would generate another leg to the downside 290 - is the short term resistance, breaking it to the upside would trigger a short term rally to the upside Remember to trade with rules, not emotions, the market will rebound, make sure you are in the game to benefit from it. Trade Smartly, Alon, AlphaOverBeta
AMEX:SPY
by Alon_AOB
EURNZD Bearish ToneI am feeling these pairs have some room lower to retracement watching over the sentiment. Bulls are getting exhausted aren't doing fine with upbeat and watching over the rising trendline and Fibonacci retracement level I assume there may have some pullback in this pair even if it won't be an overall reversal. Ya and hope you guys knew BOE just cut the rate by 50bp so be careful about the pound pairs and I also heard morning Chinese President Xi Jinping flew to the central city of Wuhan for a surprise visit, his first trip to the center of the epidemic since the health crisis erupted. His arrival in the virus-stricken city, which was locked down about a month-and-a-half ago, was a sign that conditions have improved so much that authorities deemed it safe for the country’s top leader to visit.
Short
by Anatta0
1
2020: Canadian Energy Set to ReboundThe entire sector of energy has taken a beating over the last while and much of the sector remains incredibly undervalued; P/Bs in many cases are well below 1.5. In 2020 one of my top performing sector picks will be Canadian energy stocks, much moreso even than American energy stocks. The sector in Canada will be set to rebound from increasing oil prices and an increase in cap-x. In particular stocks like Canadian Res, Enbridge, Suncor, and TRP should boast some pretty good gains over the next 12 months as I believe oil will continue to tag along in this market and push to 70-80.00 a barrel as further cuts in Saudi Arabia will remain evident. I believe CNQ will finally break-out of its 10 year resistance level and quadruple peak and likely push 20% higher before 2021. Similarly, Suncor will likely do much the same. I am much more bullish on the Canadian energy sector rather than the US, and for those looking for cheap value stocks with continued CAGR, growth and likely at-least a 15% upside in 2020, you want to go with TRP and ENB for the pipelines and CNQ/SU for the production. - zSplit
TSX:CNQ
by PaulDeep19131
EURAUD Probabilities For Rebound?This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the pair continues its downtrend which was fishy and wasn't actually mean to be technically and fundamentally (kinda like things were already priced in). This time we can see a possible rebound from fib 61.80% and knowing if ECB head Lagarde has something good to say which may help boost the euro upward and if coronavirus weighs over higher-yielding currency like Aussie again will be plus point for bull traders in this pair.
Long
by Anatta0
2