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A choppy day for the Buck with the earlier Sterling...A choppy day for the Buck with the earlier Sterling-influenced impetus waning heading into the US cash open with State-side players eyeing events at Capitol Hill as expectations mount for Congress to pass an interim stopgap bill and kick the can down one week to Dec 18th, whilst the bipartisan group continues to haggle over COVID relief with liability overhaul a sticking point. Nonetheless, the Buck was propelled in early European hours from its 90.686 overnight base to a peak at 91.241 but has since the Index has lost traction to stabilise below the round figure heading into the European close. Meanwhile, tomorrow’s State-side docket remains light with Fed officials also observing the blackout period, but with focus likely to remain on Capitol Hill developments. GBP/USD: 1.3650 Target. Gold: 1930 Target. DXY: 90 Target. EUR/JPY: 129.00 Target. Stay tuned for more posts to come this week! It will be a good week ahead!
by FTUKcom
USDCHF H4 - NeturalUSDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the less detrimental headlines. Market risk is heavy, hence USD strength, although we are at major resistance on a 180 pip range setup.
by Trade_Simple_FX
Apple stock caught in bear continuation pattern.Apple weekly chart is showing a bear continuation which means that the stock is headed downward in the short term. The stock broke its support of $116 here and will likely continue and trade under $115 today. If Apple can bounce back from sub 115, then we could see a move into the 117-118 level with resistance being at 118 for a confirmation on the next possible breakout. Perfect opportunity for the long term stock investor to get into the stock and continue to average down should the stock come back. In the options world, I am not seeing any significant news to push the stock up unless APPLE surprises investors with ER next week.
NASDAQ:AAPL
by ThaMoneyHunter
SWKS loosing steam Skyworks is nearing a new high and running out of steam. Heres what the indicators say. Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators. Moving Average: SWKS is slowly moving closer and closer to its moving average and if history repeats itself, once it falls below the MA we should see a sharp sell off. Volume: The volume indicator shows we are starting to loose bullish volume. Relative Strength Indicator: Shows that SWKS is over bought, we should expect some heavy selling because of this. Indicators are just collections of information that can help us analyze trends to make predictions about the future. SWKS price movement is not guaranteed. Even if it does receive a sell signal. Please trade at your own risk.
NASDAQ:SWKSShort
by Myantman101
AUDJPY: End of the Trend?4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom formation. However, if price breaks back to 75.750, we must reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended.
by ChartAddicts
EURGBP: No Bears Insight!4hr Time Frame: Reading price we can see we have been bullish. Reading the candles, we can see the price has cleared above resistance is creating new support with long wicks pointing to the downside. 1hr Time Frame: Scaling down we can see price creating a double bottom with bullish pinbar rejection candles at 4hr support. If price manages to hold above, we can see new potential swing highs. Look to buy this up to .93000 key psychological resistance. However, if price violates 4hr support look to reevaluate price action. Due to the uncertainty of market fluidity, risk management is highly recommended
Long
by ChartAddicts
1
Best Ways to Trade the Rally in StocksStonks only go up, and have hit the target set from our Fibonacci Extensions. The Elliott wave suggests they could retrace very soon, and this would be a healthy retracement. We did see somewhat of a sell off yesterday. If we are right, the S&P should retrace to 3547. If we are wrong, it will pick up steam and rally around current levels at 3564. The Kovach OBV is very strong, so anticipate the rally to continue. Watch for a dip in the Kovach Chande for a good entry point, which it appears to be doing right now...
FX:SPX500Long
by quantguy
2