Strength
HMY - Still running With Strong Supports In PlaceAs of late, it has definitely been a great time to be an investor Harmony Gold Mining Company Limited HMY. The stock has moved higher by 82.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider HMY’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as HMY has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company (Source: finance.yahoo.com)
Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company's segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3. The Surface segment comprises the Company's other surface operations. The Company's International segment comprises Hidden Valley Project. The Company has operations in South Africa and Papua New Guinea (PNG). The Company's principal product is the Gold bullion. The Company's exploration projects include Golpu project and Kili Teke prospect. The Company has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company's subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited.
SHORT INTEREST
6.8M 07/15/19
P/E Ratio (with extraordinary items)
-3.50
Analyst Recommendation: BUY
Bitcoin & Gold - WILL BTC FOLLOW THIS FRACTAL TO NEW ATHS?As we all know Bitcoin has seen a very nice recovery off the 2018 lows! -
But now many are wondering how much of this upward movement can last..
Are you on the curiosity train? I know I am :D
Did you miss buying the dips at 3k?
I see this dip as a opportunity for bulls to add on.. this move just started when 3 wave targets are new ATH's.
Gold has had a very similar cycle to Bitcoin in the past & we can compare fractals to get a better understanding of the charts.
If bitcoin does get back above 14k here then Altcoins will see some new money come in.. because new money would be going into bitcoin
new money = more dumb money ready to fomo...
Lots of profits coming for the people willing to play this! remember scared money doesn't make money.. take some calculated risk
As always stay profitable out there.
-Dalin Anderson
USDCAD - Long - Daily Chart - 3 : 1 Win vs RiskHello all - DuncanForex with another trade idea
With USD gaining strength - I am looking to go long on USDCAD
I missed the 4hour bullish engulfing this afternoon therefore I am entering on the daily chart - with also a buy limit set at the 50% retrace point so if that triggers I will have a larger lot size
I am looking for 2 targets - first arrow is the downward trend line that may act as resistance.
The second is a major swing low area and further area of resistance
Lets see how this plays out.
I can see USD being strong until the FOMC rate on the 31st July and then I think USD is going to weaken dramatically and the overall trends will resume of USD being weak
Thanks for looking Duncan
GBP/JPY short by FlowTradeCo.Welcome to Flowtradeco, I plan to provide Technical and Fundamental Analysis
for Forex pairs and Crypto-Currency Markets several times a week, Tap in!
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1 HOUR
Hit resistance around 137.14 currently bearish
i found this area by noticing the market failing to break higher multiple times on the smaller time frames*
4 HOUR
Bearish momentum starting to build after prices failed to make new highs.
notice the size of candles change*
DAILY
At old support which could now be resistance and a new psychological barrier , expecting more bearish pressure!
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Entry at 136.815
Target at 135.352 stay tuned.
Leave me a comment or like.
Have a great week everyone!
Strong vs WeakHello traders.
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Here's why..
CHF Pairs:
AUDCHF -0.14%
CADCHF -0.22%
NZDCHF -0.01%
EURCHF -0.15%
GBPCHF -0.06%
USDCHF -0.10%
CHFJPY +0.23%
JPY Pairs:
USDJPY +0.13%
EURJPY +0.09%
GBPJPY +0.21%
AUDJPY +0.09%
CHFJPY +0.24%
NZDJPY +0.22%
CADJPY +0.00%
As always, use stops and manage your position for the duration of the trade.
Good luck and feel free to share with me your views on the CHF/JPY pair.
Euro Strength vs British Pound WeaknessGood morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside.
In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session.
EUR Pairs:
EURUSD +0.19%
EURGBP +0.37%
EURJPY -0.01%
EURCHF +0.07%
EURCAD +0.23%
EURAUD +0.21%
EURNZD +0.07%
GBP Pairs:
GBPUSD -0.17%
GBPNZD -0.30%
GBPCAD -0.13%
GBPAUD -0.16%
GBPCHF -0.29%
GBPJPY -0.38%
EURGBP +0.36%
I hope you have a successful day trading - don't forget to follow me to see my currency strength analysis in your feeds. Good luck!
EURGBP: Anticipating On A Strong Pound In The FutureWelcome traders around the world to this new trading idea!
We are looking at the EURGBP pair today and looking for short positions on this pair.
The two horizontal black lines do mark a daily gap, which was filled with the latest price moves. Price did form a new peak high during this uptrend and we want price to do a nice top before its breaks down.
Trend line is already broken but this has not that much value as price action is my preferred tool.
Also in our favor we can see that other GBP/XXX pairs, which have been weak lately are recovering. So correlation indicates that EURGBP will be bearish with a strong Pound in the future.
Lets see how this works out and wishing everyone a successful trading week!
Weak New Zealand Dollar vs Strong Swiss FrancHello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
NZD Pairs:
NZDUSD -0.52%
NZDCHF -0.46%
NZDCAD -0.17%
NZDJPY -0.51%
AUDNZD +0.25%
GBPNZD +0.27%
EURNZD +0.26%
CHF Pairs:
AUDCHF -0.22%
CADCHF -0.30%
NZDCHF -0.47%
EURCHF -0.20%
GBPCHF -0.21%
USDCHF +0.04%
CHFJPY -0.07%
Who else is shorting the New Zealand Dollar right now? Feel free to share your charts.
USD Strength vs NZD WeaknessGood morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short.
USD Pairs:
EURUSD -0.08%
GBPUSD -0.16%
AUDUSD -0.20%
NZDUSD -0.35%
USDCHF +0.01%
USDJPY +0.02%
USDCAD +0.17%
NZD Pairs:
NZDUSD -0.36%
NZDCHF -0.35%
NZDCAD -0.19%
NZDJPY -0.33%
AUDNZD +0.15%
GBPNZD +0.20%
EURNZD +0.28%
Monitor the trade closely around support at 0.64795. Otherwise our target is around 0.64563 for a 2:1 Risk-Reward.
CAD Weakness Dominating Canadian PairsWith the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies.
CAD Weakness:
USDCAD +0.18%
NZDCAD +0.15%
GBPCAD +0.10%
EURCAD +0.27%
AUDCAD +0.06%
CADCHF -0.29%
CADJPY -0.46%
Today's strongest pair is the Japanese Yen which is gaining pips across all currencies making it an ideal pair to go short.
JPY Strength:
USDJPY -0.28%
EURJPY -0.18%
GBPJPY -0.33%
AUDJPY -0.38%
CHFJPY -0.18%
NZDJPY -0.29%
CADJPY -0.46%
Good luck with your trading!
GBP Weakness vs JPY StrengthPlaying GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit.
This morning in the London session we have seen the British Pound continue its downtrend across all pairs:
GBPUSD -0.11%
GBPNZD -0.14%
GBPCAD -0.04%
GBPAUD -0.02%
GBPCHF -0.19%
GBPJPY -0.31%
EURGBP +0.16%
The strength in the Japanese Yen is even clearer with significant strength coming in early this morning on all its pairs:
USDJPY -0.21%
EURJPY -0.16%
GBPJPY -0.33%
AUDJPY -0.30%
CHFJPY -0.12%
NZDJPY -0.18%
CADJPY -0.29%
I am sticking to a strict 2:1 Risk-Reward for this trade however the position could be managed lower with some care and attention.
Good luck!
SQ, Industry Laggard Set to OutperformSquare, NYSE:SQ , hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL , NYSE:V , NYSE:MA , and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of potential
I think that Square is due to follow the rest of the sector and start making moves higher soon. It has been trading in a consolidating triangle, since February, building up power. If it breaks this triangle to the upside, I believe it should have very strong momentum, and follow through.
As long as overall market conditions remain strong, there is no reason Square shouldn't be a leader going into the rest of 2019.
SXY - CHF - Strength Coming Soon?We expect to see CHF continue its pattern.
CHF should see significant and reliable strength starting late this week.
CHF/XXX = / bullish
XXX/CHF =\ bearish
*Generally, (XXX) matters just as much!
Also as we see AUD, USD, CAD, potentially GBP weakness
CHF and these pairs would make good potential trades.
Next few weeks:
Bullish: CHF, JXY (JPY)(LongTerm), potentially ZXY (NZD)
Bearish: USD, AUD, CAD (LongTerm), JPY (ShortTerm), EXY (EUR -will have to wait and see), and Potentially GBP
So...
Knowing the above, potential pairs to look at over the next 3-11 days :
Shorts:
AUD/CHF short
EUR/CHF short
USD/CHF short
GBP/CHF short (not confirmed w/ gbp)
CAD/CHF short (long term due to cxy)
Longs:
CHF/JPY short term long trade (E = 110.7 area)
Hope this makes sense!
KISS = Keep it stupid simple.
Dollar crawling up to face monthly resistanceMonthly chart of Dollar index suggesting further upside. DXY bounced off 0.5 Fib with precision, broke 0.382 and now closed above 0.236 with a strong weekly candle. Retest of 102-103.5 is imminent in my view.
* Consider US stock market topping behavior as of late, strong dollar would push stocks and commodities under more pressure.
Although this is temporary knowing that falling US Stock market would force FED to cut interest rates sharply.. Inflation kicks in and dollar tanks to Great recession lows.