Euro/Usd (It is now at the Support)View On EUR/USD (18 MAY 2020)
Now it has hit a strong support region near 1.076-1.081 region and it fails to go lower for now.
It might retest the trend line resistant near the 1.09 region before it starts to drift lower again.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Sonicrsystem
Wheat (“Everyone's a knucklehead at one point or another.”)View On WHEAT (20 JUNE 2020)
Expecting every call/trade analysis to be correct? If you do, you might very well belong to the group that believes unicorns are real.
The previous bullish call didn't work out and it is diving lower for now. It may find some footing near $4.7 region with some decent bullish candle.
Alternatively, you can take a look at CORN too.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
WHEAT (A Bullish trend in a making?)Updated View On WHEAT (2 APR 202)
A recent strong bullish movement is met with a strong pullback. I suppose it(the pullback) shall end soon, and we can consider it as another chance for us to go in.
5.30-5.35 regions shall act as good support regions.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
USD/CHF (Solitary trees, if they grow at all, grow strong)View On USD/CHF (17 JUNE 2020)
This pair made a strong bear move last week but the bear force was violently rejected near 0.94 regions.
Now it is such that region (0.94) as a footing to launch to a potential upward swing.
It is better for us to position ourselves on the Bullish/Buy Side.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.
Feel Free to "Follow", press "LIKE" "Comment".
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
NASDAQ (The 11th June Candle was Spooky!)View On NASDAQ (17 JUNE 2020)
NASDAQ is making a great rebound from the recent selldown from 9,400 level but it is not successfully negating the strong selldown of 11 June just yet.
Step 1: So, you can be cautious bullish but watch it closely as the coast is not clear.
Step 2: Watch 9,666 (Yeah that 666) level, once it gets broken again all Hell will break loose and go down further.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
CORN (Every big thing has a small beginning!)View On Corn (10 JUNE 2020)
After all these years of trading/investing, we realize that good traders/investors possess a good grasp of these two things.
They are, Knowing what is going on in the market right now and knowing what is coming up next.
The price of corn has been bouncing around the range since 2008 and now it is at the lower band of that range.
In Addition, due to the global geopolitical situation around the world, we are witnessing the major disruption of worldwide economic mechanisms, and expecting the basic soft commodities price shall skyrocket in the near future.
That's why we are going to position ourselves on the very potential upside of CORN. This set up may or may not work out.
The move up may take some time but it should unfold soon. Every big thing has a small beginning
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 25/2020)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Slight Bearish
Gold & Silver: Slight Bullish (Gold is Bullish while Silver is Slight Bullish)
XXX/JPY: Bearish
Stock Indexes: Bearish
BitCoin: Slightly: Slight Bearish
Week 25 (13 JUNE 2020)
FTSE UK Stock Index (A strong reaction is unfolding1)View On UK Stock Index FTSE (12 JUNE 2020)
UK stock index is on the rise after a big sell down of yesterday.
Their Central Bank (CB) is flooded with cash with the license to print to the oblivion and the help of their friends from FED.
It is rather risky and it will be considered as bad timing if you want to take a short now.
Let's the pullback take shape first. It can swing back up to 6239 regions or higher first.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
WTI Crude Oil (Do you want to live dangerously?)View On WTI Oil (9 JUNE 2020)
We are seeing some rejecting near the swing resistance of $36. (Based on our chart)
It may be due for a minor pullback and it can swing toward $30.5-$32 as an expected swing back done.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
EUR/JPY (Is Risk Off around the corner?) View On EUR/JPY (11 MAY 2020)
After a strong swing up, the price doesn't seem to be able to sustain.
Now 123 shall become strong resistant.
Sooner or later, it shall revisit 120.5 regions again.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
German Stock Index (It is more than just buying Supply/Demand)View On German Stock Index (5 JUNE 2020)
DAX is rising higher for the past week and the previous resistance of 12,250 regions has turned into support.
So, watch that region closely. if 12,250 region support well, 12950 regions will be the next resistance.
It is more than just buying Supply/Demand. If the BOND market implodes, stock markets will become another attractive option.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
CORN (The UP trend shall take shape slowly)View On Corn (10 JUNE 2020)
Corn has met some road bump in its rally and it is in search for the next price discovery and push up.
I expect the push-up/support will come in near $3.18 region.
So, if you are looking into a buy. Please be patient first.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Weekly Momentum On Major Pairs (Week 24/2020)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: Slight Bearish
XXX/JPY: Very Bullish
Stock Indexes: Very Bullish
BitCoin: Slightly Bullish
SIA SGX Stock (The Pride Of Singapore?)View On SIA (4 JUNE 2020)
We are seeing a strong rebound in SIA for the past weeks and currently, it is at an important level of $4.30 region.
This is the make (or) breaks regions and it is getting a little late to buy in.
We may see some resistant at the region but as long as 3.65 is supported well, sooner or later we shall see $5 again
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Hong Kong Stock Index (The Late Sellers are trapped now)View On Hong Kong Stock Index (16 MAY 2020)
It has hit our expected TP level yesterday.
If a trader rushed into HSI shorted over the bad situation gets trapped now.
This is how the market works.
I will be waiting for another entry, possibly short at a higher level.
Possibly near 24,250 regions.
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
USD/CAD (The longer the range, the stronger the breakout)View On USD/CAD (21 MAY 2020)
UsdCad is pretty much in range-bound for the past 2 months.
The longer it ranges, the stronger the breakout out will be.
The current price of 1.39 is the triple support region and it can go higher for a time being.
1.40 and 1.41 will be good resistants.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comfort Delgro (Be Afraid. Be Very Afraid!)View On Comfort Delgro (1 JUNE 2020)
This counter has been downtrend since 2019 and it is kinda ridiculous to call for a SELL out of sudden.
Anyway, I'd like to take note of the HUGH volume that occurred last week due to the News.
So, I do not think it is good news for the counter and it shall not recover anytime soon as long as the price can't break above $1.70 region.
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Dow Jones Stock Index (This time is different)View On Dow Jones US Stock Market (21 MAY 2020)
Let's be honest here.
The danger of the virus is still far from over.
No one really knows how bad the second wave of infections will be even though many countries are starting to open up their economies after months of shutdown.
If the economic outlook of the world is so bad and the unemployment rate is soaring yet why do the stock markets keep rising instead of 1929 style depression?
This time is different.
Yes. I repeat this time is different and we have never done it before.
Central Banks (CBs) around the world are shoring (or) pumping too much liquidity (aka money, credit) to swell up the monetary systems at the unrepentant rate. It is with the "T". T for trillions.
It is like injecting the adrenaline dose into a dying patient to keep him awake.
How long can it last? No one knows.
The trick shall work as long as the patient's body response to the treatment.
All hells shall break loose once the body/economy no longer responds to adrenaline/money printing.
For now, the US market is decent resistant fo 24,500 regions and surprisingly many retail traders are staying sideline after the Feb-Mar selldown.
The stock index may do minor pullback along the way and 23,000 is a good swing support region. As long as 22k level hold, we shall see a rise up to 25k-26k region.
That 25k-26k region is going to be the battleground of the season.
Instead of waiting for a short, it is better to look a long entry in every pull back for now.
Be Patience Padawans if you are looking for a great sell.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Cable GBP/USD (The Giant starts to slip)View On GBP/USD (18 Dec 2019)
There were rapid developments of BOE in recent months due to the virus.
They were the main causes of the weakness of GBP.
It may do some pull back up along the way. As long as 1.24 region is not taken out it shall drift lower.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Silver XAG/USD (Will Bull Crusaders attack $16 soon?)View On Silver XAG/USD (25 June 2019)
One thing I can tell you is to watch, $15 to $15.5 regions closely.
It may take some time/afford to break that citadel wall but once the wall got broken the bull crusaders will march toward $16 and beyond.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Weekly Momentum On Major Pairs (Week 23/2020)
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Bullish
Gold & Silver: Slight Bullish
XXX/JPY: Very Bullish
Stock Indexes: Mixed (US index is Bullish & HK index is Slightly Bullish)
BitCoin: Bullish
Week 23 (30 MAY 2020)
Corn (It is going to get more Xpensive)Updated View On Corn (30 MARCH 2020)
After years of sideway and range bound movement, we are expecting Corn (Food price) is going to get a lot more expensive.
It may not happen immediately and it may take time to unfold. But the potential reward can be great.
Let's watch them closely!
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
German Stock Index DAX (Due for a minor pullback?)View On German Stock Index (29 MAY 2020)
DAX has hit a strong resistant region of 11800-12250 region and it is showing the early signs of weakness.
I'll say it is too late to long/buy in right now as the market shall about to go a sideway or a minor pull back for now.
11320 and 11100 will be strong support regions.
If you are a long term investor, take this as a chance to stand aside and wait for the entry again as a support region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.