AUDJPY: Testing 75.000!Daily Time Frame: Starting on the higher time frames we can see signs of rejection at this area of daily resistance right around 75.000 key psychological zone.
4hr Time Frame: Scaling down we can see price creating multiple tops. If price manages to hold below this daily resistance, then look to sell this down to 74.250 and potentially 72.500. However, if price breaks above this zone look for a break and retest with signs of rejection in order to buy this up to 76.500. Due to the uncertainty of market fluidity, risk management is highly recommended.
Technicals
CADCHF H4 - Short Trade SetupCADCHF H4 - We monitored this yesterday and were looking for the retest, the rejection on the H4 candle started off nicely, but with just a couple of minutes left it's wicked up a fair bit, not to confirmation we are after, but lets just sit and wait for a little more clear rejection, possibly dig into the lower timeframe.
SPCE Ready to YEET? FUNDAMENTALS - FAA licensing + NASA ContractHope you all have been accumulating... SPCE will be getting their permissions to do big boy things in the coming month (likely sooner)
Price targets I am watching are 0.5 and 1 Fibonacci extensions.
Anyone who trades crypto may see a familiar pattern here on the 1 Fib extension?
Share any thoughts and feel free to ask questions, knowledge is always free from me.
EURUSD FUNDAMENTAL AND TECHNICAL IDEAGood Day Everyone
Here's an idea on the EURUSD pair, as we've seen the EURO making major recoveries in the last cople of week the pair is in a uptrend which most signals point to it continuing as we go in on the pair..
The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers.
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> With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday.
> As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme
> INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk
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- The dollar was modestly higher on Friday after data showed the U.S. labor market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week, as uncertainty about the U.S. economy capped gains.
INVEST.COM - The Labor Department's employment report showed the jobless rate fell to 13.3% last month from 14.7% in April, which was a post-World War Two high. It came on the heel of surveys showing consumer confidence, manufacturing and services industries stabilizing. Economic conditions have significantly improved as businesses have begun to reopen after shuttering in mid-March to slow the spread of COVID-19. U.S. dollar index =USD late Friday was up 0.18% to 96.93. It was down 1.4% from last Friday's close. On the day, the dollar was 0.38% stronger against the euro EUR= , at $1.129. Against the safe-haven Japanese yen JPY= , the dollar was up 0.44% to 109.61 yen.
"Today you've seen better-than-expected economic data coming out of the U.S. in terms of the jobs numbers," said Chuck Tomes, portfolio manager at Manulife Asset Management. "The reaction on the back of that has been expectations of better growth coming out of the U.S. as well as a steepening yield curve, both of which have provided a lift to the dollar."
The uncertainties about the economic outlook and the possibilities of a second wave of infections had capped the greenback's gains, Tomes added.
Some analysts said the May job gains in might not soon be repeated.
za.investing.com
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We are curretly just above level 1.12754 wich was our resistance level now support the pair pushed through this level came down for a retest possibly signalling continuation to the upside so looking for long entries in the pair...
Target 1 - 1.13902
Target 2 - 1.14984
SL & ENTRY - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING
EURCHF FUNDAMENTAL AND TECHNICAL IDEAGood day everyone
Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers.
.
.
> With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday.
> As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme
> INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk
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EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY..
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We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair...
target 1 - 1.09175
target 2 - 1.09664
sl & entry - follow your rules
RISK-MANAGEMENT
period - swing
NVAX Long - $150 Target?I've been following NVAX since price was at $12. Fundamentally they have one of the most promising COVID vaccines and their Nano Flu shot beat Sanify's flu shot, whos been a market majority holder in that aspect.
Technically, we've tapped that $150+ zone 8 out of the last 9 fast rises over since the company IPO'd in 1996. Each of the rises have been driven by pandemic viruses..ie, swine flu, bird flu, H1N1, etc.
We have 4 days until the quarterly candle closes. If we close strong, we'd of closed above the coral, and momentum and RSI are correlating. I think we will see a short term sell off at the psychological $100 level. How much? I could see $80-$85 be a good rebuy zone to push price up to t $125 then $150. Buyers at $80, will probably be looking for a double on their investment which would put price at $160.
Let me know what you think!
Best Bond Trading Strategies for TodayAfter an extended 5th wave in the impulse, ZN has broken down (as anticipated from this pattern). After ranging yesterday, it is up to the vagaries of risk sentiment to decide where it will go next: if it will rally or breakdown further. It seems likely we will see strong resistance around 138'18 and 138'21. The Kovach momentum indicators are gradually shifting to the bearish side.
HINDUSTAN UNILEVER LIMITEDHINDUNILVR showcases the onset of the downtrend with the current gap down opening. The stock was in a bullish uptrend followed by a consolidated between a span of two weeks in the 2090-2130 range.
The current level (2085-2090) can be termed as both resistance and support because the price is trying to break above it. If price closes above this level as of today, the stock might again go into consolidation.
If not, the price can fall to the lower support levels:-
SUPPORT LEVEL 1 (2010-2015)
SUPPORT LEVEL 2 (1960-1970)
If the price falls to these levels, accumulation should be carried out.
THANKS
P
BTCUSD updatein addition to recent BTCUSD post, it is clearly visible that price is still ranging, and with that comes patience.
currently price is rejecting the lower half of its range giving it higher odds of potentially retesting recent highs before next more is definite.
top middle half of larger range.
patience is key.
anticipate - react - execute
cheers.
American Airlines Supportprice has respected the levels near the bottom range of the current price. As we are continuing to test the support levels and create a more prominant bias and the market condition begin to strength one can look for a potential in holding AAL towards previous highs. Although the time range for this correction to occur could take weeks over time as the consumer confidence raises.
EURCAD H1 - Short SetupEURCAD H1 - I've adjusted resistance zones to show hourly resistance now rather than H4 resistance, sat around that 1.53 handle. EUR has ripped over recent trade, would be nice to see a correction. No confirmation here, I wouldn't suggest taking a trade until we see some... 1:11 with current projections, so can afford to lose some by waiting for some PA confirmation. H4 close is going to be intense, looks like it may break but H1 still technically intact.
EURUSDEURUSD one of my personal favourite pairs.
With this we are watching price on the lower timeframes (1D,4h,1h) move sideways so some good buys and sells at Support & Resistance but the overall picture is we are fast approaching a key level that as been respected since 2003 and this is where we could see price go into the Accumulation phase before EURUSD finally coming out of its downwards trend.