CADJPY on the verge of break a bullish channelI am positioning to buy CADJPY because of
> Potential bullishness in Oil price which is a plus for CAD
> Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY.
I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and improve price of safe havens (JPY and Gold). I think they will be for a short time and will provide opportunity to buy at the bottom.
Risk!!!
Top Strategy for Stocks TodayStocks could really go either way. While the S&P 500 is looking "toppy" with a red triangle on the Kovach Reversals Indicator, the Kovach OBV (blue indicator) remains pretty bullish and there is a pullback in the Kovach Chande. Those of you who have studied these indicators knows that is a long signal.
We are in a relative vacuum zone, so it is likely to see a decisive move either way. If you have a long-side bias, 3055 is a good target. If you are a bear, check out 2991.
Top In Bonds Reached?Bonds are having trouble making higher highs. Both Kovach momentum indicators have levelled off or retraced, and we have a red triangle at the high of that candle at 139'10'5, indicating a pullback is coming. Look for ZN to establish value in the highlighted region. Additionally volume has dropped off, and we appear to still be maintaining a sideways corrective phase.
AUS200 (1d) - probability south. No loss no gain. This is a risky position, obviously.
I do not know if it will fall or head north. My estimate is for the south.
Heavy losses may be involved.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
ridethepig | Gold Market Commentary 2020.05.26It seems an appropriate choice of the moment to advance the discussion on Gold. As in the previous swings, seems to me more in accordance with the needs of protection from governments than anything else:
Once we cleared the initial swing, the attempt to mount another attack at all time highs has been challenging. The profit taking from buyers who look to cover losses via liquidations in equities and CB printers on full blast has denied the penetration of $1,800.
The opportunity for another round of buying is here, risk is threatening on all fronts. My impression is as follows..given the latest escalations from China and HK and with US Equities S&P taking 3,000 back it is an important ☑️ for the headlines ... means time to start paying attention. Unemployment soaring while equities rally...This leg higher should help us recognise the relationship between Gold and risk.
For the technical side, here tracking for the ending of wave (v) and a beginning of another 5 wave sequence to the topside towards an initial $1758 flow target. To the downside, $1712 support will keep moves lower limited.
USDJPY => Short Long where Market Move Nextwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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EURAUD => Short Trade Opportunity Activated we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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Gold on the verge of a slight legdown to 1680'sWith improvement of risk there might be fund flow out from Gold to other risk assets. This might pull back the advancement in the price of gold in the medium term. I see huge opportunity to sell gold at the current level with taking profit at 1700, 1690 and 1680.
GBPJPY IDEA - 20 Pips Risk 200 Pips RewardDo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
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NZDCAD => Strong Resistance Market at Bounce Backwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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NZDJPY => Short Opportunity Rise low Risk High Rewardwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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USDCHF => Short Trade Opportunity we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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Fundamentals
Swiss Franc Trade Balance Data Expected Negative That is Difference in value between imported and exported goods during the reported month;
Data Release => 2:00 am Tuesday, Eastern Time (ET)
Credit Suisse Economic Expectations =>
Data Release => 4:00 am Thursday, Eastern Time (ET)
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NAS 100 => Weekly Forecast Markets Reach Decision Point we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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WTI Us Oil => Weekly Forecast Looking Long we appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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Fundamentals
Crude Oil Inventories Expected Reduced
May be Oil Touch 36-38
As It start uptrend by breaking Resistance of 30.
Data Release =>11:30 am Thursday, Eastern Time (ET)
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SHORT CAD/CHF : SHORT Trade Idea Latest Update By Hydra 2020** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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AUDUSD Long + Short trade Idea Latest By Hydra 2020** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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USDZAR Long+Short Trade Idea Latest Updated 2020 By HydraI appreciate your coming to see my Idea .
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WTI LONG Trade Idea Latest Updated By Hydra 2020I appreciate your coming to see my Idea .
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ABCD PATTERN + DESCENDING TRIANGLEGood morning traders, cadjpy has created an abcd pattern (ab leg equals cd leg) and is forming a descending triangle in H4 chart, we' d better to wait a breakout of the triangle before opening a sell trade . in that case the stop loss could be set over 77.45 and take profit at the beginning of c leg. Fundamentally this pair is correlated with investors mood because if markets are in risk-on mode the yen will become stronger, I think this could happen because of the fear of a second wave of COVID 19 and trade tensions between USA and China.
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