AMEX:USO Headed back to the 50 day. Really quick. Will continue watching to see if we hold $69s or break lows. I'm expecting the pullback to resume after a quick stall at the 20day sma. The giveaway that helped pay last time was the rally above the death cross. That first rally is usually bearish as noted in the chart posted. Fast forward and we have the same...
The enduring downward trajectory of the USD appears poised to persist in the coming years and even decades. With a staggering $33 trillion debt load that seems insurmountable, coupled with dwindling confidence from international partners who are divesting from the USD, the currency faces significant headwinds. The inevitable repatriation of these dollars to the...
Hey traders and investors! Just curious anyone ever thought if there is any correlation between the USDKZT rate with oil prices or indices? Looking at other petrocurruncies I am flabbergasted how the USD-KZT can have its own trend and story to stride up and down when there is no reason for that. Have you suspected there is an interference of the clumsy state hand...
Bitcoin plz go 2 moon, stop going sideways now
needs to bearish retest $20 before dying needs to reclaim $20 before moon win/win
Looking at #GBPUSD for the week(s) to come. Weekly timeframe we see price reaching the neckline of this W formation and then going back up. Of course we need to have confirmation about this happening thats why we will monitor price action on the 4H timeframe to be sure of when to enter the market! Patience is the best virtue you can have with the market!
US is still on exponential growth curve confirmed cases (no signs of deceleration).
The pip movement range in US30/Dow Jones is crazy. 5 Minutes can be 100 pips. The risk is high, but the reward can be way higher. Take care when trading. Make sure you don't leave this trade running too long
4H Chart Explanation: - Price broke the Ascending Trendline and started a huge down move. - Price broke the Support Zone (Resistance Zone now). - We are expecting a correction that allow us set a trade towards the next Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
4H Chart Explanation: - Price is on the Ascending Trendline. - Two possible paths from here: a) breakout and continue the down move. b) up move towards the All Time Highs. - Wait for a confirmation that indicates which of the two scenarios is the correct. Weekly Vision: Daily Vision: Updates coming soon!
EUR/USD 1) Two days we close above main volume 2) We have two impulses for first target correction 3) We have resistance zone 1.11923 4) We have Low volume trade zone for confirm first target correction --- Buy = 1.11500 Take Profit = 1.11950 Stop Loss = 1.11050 ---
USO is finishing weeks of #bearish movement and we're ready for some neutral to bullish price action off the long term trendline support. Accumulating in this area is key.
Today I am remaining in a short position long on the GBPAUD due to an AGGRESSIVE sell price action formation, and an overall weakening GBP economy weeks even. Here I have displayed it on my charts. My trading style is trading but you can possibly hold some positions much longer. Check out my analysis I would love you feedback. Happy trading.
After GDP:USD hit a double top at the resistance I've been bearish ever since. I think we will breakout of this ascending triangle pattern. Wait for confirmation at the lines of the triangle. If breaks down, set a short trade & the target will be the trend line. If stop-loss is broken go long.