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US 10 BondsThe US 10 Year Bond is probably the most watched metric used to determine the health of the markets. A drop in yields denotes fear and all risk assets are being sold off. The current chart for the 10 Year Bond looks pretty ugly, but it might make the bears quite happy. We are in a giant descending triangle. The formation within the triangle is a very ugly topping pattern. The chart below is the price action of the 10 Year Bond and it is even more defined and clear. We are approaching the end of the formation. Currently we stand at the edge and a single big red day may mean a continuation of the down trend. Oil and stocks seem to be topping or at meaningful resistance. Does this mean an imminent drop? No. I am no bear and I frankly don't care which way the markets go, but caution is very much advised. A daily close past the respective resistance/support lines will be a giant red flag for risk assets. Precious metals will likely also drop in such a situation as they have been trading similarly to stocks. However, the drop will likely be far less severe than the last one. This is not trading advice, but purely my personal opinion.
TVC:US10Y
by Svetul4o
3
EUR/JPY Short Hello traders ! I have this trade for you, on higher time frames, daily and weelky we are on a down trend, using this information and combining with that highlighted zone on the chart we discover a zone of resistence. We have also a risk on sentiment on the market that give us an extra pro argument to take this short. We can get 3+ R/R that is nice for us ! You can enter in this trade right now and put your SL at 124.150, yout TP at 123.450 and wait to make money ! Also during nights and when Sydney and Tokyo will open up theyr markets and New York will close the market, during this time this pair is losing some price ! use that wisely ! Have a good night !
Short
by Andrei_C
ridethepig | Delights and Torments📍 By now I am sure you all have grasped the basic premise: from the very start of the March dead cat bounce we are calling bluff and looking to play the fade, fighting the Fed does work on occasion despite the rumours, and lastly have formed enough energy after this quarter for a huge swing down in global equities as Long bonds complete the cycle. Most recessions typically take 5 Quarters to play out, with the study of history it is not a bad thing to introduce one or two of those five quarters are retracements to introduce concepts of the trap. One must act in their best interest, recognise straightaway that this is a game of risk flows and stimulus which are both possible and likely via combinations of further lockdowns and coordinated CB intervention. The only thing to result from all these demonstrations will be a massive breakup in Gold: the last three iterations have been natural; of course all exclusively live on tradingview. How can we continue to load? 📌 => Delights and Torments of Adding to Swing Positions The typical retail error is over committing in size to positions; of course the fact that the first three entries are all sitting heavy in profit we are entitled to an ideal privilege. For, me the breakup is an active confirmation of momentum in the spirit of risk via Covid , Brexit and the pending Sovereign Debt Crisis. Measures like this cannot be left out. Event risk must be taken and played with. Quite naturally, these bear character and influence. There is cause for hurry to occupy the $1,900 target within a few days and weeks. A journey where we can seek to settle and thus take profits before reloading without any effort for $2,000 and beyond in 2021. A huge economic shock... with VIX still sitting above Lehmen levels try as you may to believe this is a V shape recovery... I am not buying it. As usual thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAUUSDLong
by ridethepig
14
GBPJPY bearish continuation (100+ pips opportunity)Pound, unlike other currencies that enjoy appreciation vs safe havens under times of sentiment improvement and risk assets bull market has other economical and fundamental problems. Still, the big issue is coronavirus but Brexit uncertainties are weighing on Pound heavily. BOE didn't change rates but left the same as before, plus adding some more stimulus which markets didn't 'cheer' as enough questioning BOE's support to the economy. JPY appreciated the most last week vs majors and on secular performance as well on the latest Coronavirus fears. Indices and metals were lower as well giving risk-off signals toward the investors. GBP is still the best candidate to depreciate vs other currencies, but given the mentioned sentiment fact safe havens might hurt Pound more than risk-on currencies. As June is coming near its end sentiment shift might stay for a while and further corrections could keep ongoing. Technically this pair is bearish from higher timeframes (looking from monthly, weekly, daily) and broke its key near term support levels. 131-133 range might be in-play if we form support on 131, but even lower levels like 130-129 are not excluded due to strong momentum at the moment. IDEAS: Any pullback towards 133 as long as the price stays under and doesn't close green daily candle above is a selling opportunity. The best way to enter a sell would be to wait this pullback under these circumstances and enter on last known support breakout. I consider this the safest way to enter the continuation trend market. By doing it this way you simply eliminate the risk of fakeouts, early entries, and the most important counter-trend trap (bull traps). Trade at your own risk!
Short
by fxmonarchy
USDCAD: possible long opportunityUSDCAD is breaking the trendline formed since the beginning of this week. On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away... Stocks and oil are under pressure, thus risk-off is favorable for USD bulls. Another USD long already opened. Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3. Wait for confirmation and relevant price action on the lower time-frame before entering the position. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument. From techincal POV: -H&S chart pattern -RSI divergence Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Short
by GIgor_021
Dax daily: 12 Jun 2020We mentioned it in our analysis yesterday that previous days signalled a bearish correction and could further support sellers. This turned out valid and Dax headed south. The price even broke the support at 12 151 and almost reached the next support at 11 734. Important zones Resistance: 12 151 Support: 11 734 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Dax opened the day with 166 points gap, correcting portion of yesterday's fall. We don't plan to trade the gap situation. The price is midway through yesterday's session and it doesn't provide good hints now. We are not fully clear about the direction, S/R zones are defined so we'll be eying either of those, depending on the initial momentum. Global Indices, including Dax, feared a second wave of pandemic yesterday and chances are that this market mood could further play a role in the upcoming days.
EUREX:FDAX1!
by FTMO
Dax daily: 11 Jun 2020Yesterday's session started with another sell-off and market participants closed the gap and retested the support at 12 494. The price then bounced back up but buyers were not strong enough to take Dax higher. The session closed at its daily low, right at the support zone of 12 494. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application The gap is sized 217 points with low closing probability Macroeconomic releases NIL Today's session hypothesis Dax opens the session with 217 points sized descending gap. It is apparent that yesterday's bearish day sparked the downside momentum, propelled by the FOMC. After two weeks of growth, it is now clear the bullish trend ended. Dax is now priced 12 300 and the support of 12 151 is in the near vicinity and this is the first interesting S/R zone to take into account. As the resistance, we can mark the 12494 zone which is yesterday's support and the closing price of the session. The statistical probability of retesting this area today is low, yet this scenario can actually happen.
EUREX:FDAX1!
by FTMO
EUR/NZD - Long - Bearish Reversal I always like too think the charts don't lie and with the ECB meetings tomorrow all signs point upwards. Although, despite short term success in this diverging channel for NZD that is largely due to the risk on tone across the markets. The top tier 1.82000 resistance is a potential TP with both 100 & 200 day MA looking to diverge for potential change of direction to either side the ECB news could prove a 100+ pip winner by US session. For you oscillator fans the RSI indicates its oversold but further risk on tone could see us move into range from the upside breakout earlier this year. The bearish reversal touching the bottom of the channel points to a test upside.
Long
by darrenkav25