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EUR/USDAlthough we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time there was a retracement was more than likely back in August on the 4 hour time frame where price retraced about 38% of its previous high (May 2021). Let's see if price can retrace our previous high up to at least 38% or more before the bearish trends continues. You would think the usd is stronger but it seems like since 2008's crash, the dollar has progressively been getting weaker. With our current economic situation having slow growth, I plan on riding this retracement up until the chart tells me different.
Long
by Redimere_91
United Airlines $UALLet's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back! Surprisingly, their assets have been increasing annually steadily since 2014. Also seems as if pre covid, they had a stable growing total equity which is impressive. Although their operating activities has been hit by the storm, they've seemed to hedge that by managing their investing activities and financing to some degree. Having a recent quarter where they reported a 1.81B FCF increase was a nice piece of new data to pick up on. If i'm being honest, this company looks damaged to me and possibly over valued for where it's in nature of everything that is going on in the world right now. However, there has been some recent news about the White House lifting the international travel ban for airline Nov. 8th. United has the most international traffic ranking 7th amongst airlines globally and 1st within the states. With recent news as of 10/14/21 with them expanded their flight capacity to 10 new flights and 5 new destinations internationally, this is some of the biggest news they've had in a long time! I'm looking forward to seeing how this plays out!
NASDAQ:UALLong
by Redimere_91
CNQ Canadian Natural Resources LimitedCompany Description: Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa. Analysis: Canadian Natural Resources is an oil and gas company within the energy sector! I believe that oil at the minimum is in high demand right now with high those prices are. They deal in the oil and gas exploration side of the business. They cover a decent range of space and with oil and gas, I like to make sure I invest in it like an ETF having more than one company to make sure I cover as much area as possible within the world. This is a natural resource so it has MOAT within itself without much need for marketing. Impressed with how this company has been handling their cash , expenses, and debt. Since March 2001,this company has been consistently increasing its dividend payouts while being able to sustain their cashflow to some degree. I like their reach and having an oil company outside of the US (even though they have property in NA) is a good deal in my opinion. I would like to see price break resistance obviously. However, I need to be realistic. Although I consider this stock to be undervalued, I believe that price is in the middle of testing a strong support level. I want to see strong bullish candles on the 30 min or 1 hour near support to start slowly scaling in considering the state of the economy. My uncle buffet said to never put your whole foot in the water before testing the temperature! I have bearish candles trading under my closer ranged ema's so I want to see how this plays out! What do you think? Not Financial Advice I only share ideas!
NYSE:CNQ
by Redimere_91
USDJPYSince February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some point. When interest rates fall, the USD or respective currency’s dollar weakens. Vice versa when interest rates are high, the dollar strengthens. I see interest rising overtime and over powering the Yen’s interest rates. The Yen 10 year yield is at 0.10%. The USD 10 yr yield is sitting at 1.25% I see price is trading above my 200 EMA (white line) and looks ready to test previous resistance on the daily chart at some point over time. Price is consolidating a bit. I want to see a breakout once our interest rates hike a bit. Will average in until then. Let’s see how this goes! Not financial advice. Just practicing.
Long
by Redimere_91
AUD/USDSince February 22, 2021 interest rates has been in the 2’s up until July 1st. Since July, Interest rates have lowered a tad bit but is continuing to range in the late 1.70’s -1.90’s. The Fed says inflation will be transitory. At the end of the day, we are at historically low interest rate levels and I don’t see how we would go back between the 2’s and 3’s at some point. When interest rates fall, the USD or respective currency’s dollar weakens. Vice versa when interest rates are high, the dollar strengthens. I see interest rising overtime and over powering the AUD’s interest rates. The AUD 10 year is at 1.25% today with a basis on 1.0%.The USD 10 yr yield is sitting at 1.27% with a basis of 1.25%. I see price is trading under my EMA’s and looks ready to test previous supports on the daily chart. Let’s see how this goes! Not financial advice. Just practicing.
Short
by Redimere_91
EURUSD: anatomy of short term tradesGood morning Everyone, this structure shows the uptrend that ended when NFP were released on Friday 3rd of Sept.and also the correction that unfolded afterwards. The Kumo generated by Ichimoku supports the uptrend and keep pressure on the correction and has a similar function to the 100 moving average (blue). Based on this structure a first trade could have been entered on Tuesday 7th of Sept.at 13:00 when support at 1.18600 (blue horizontal line) was breached to let it run until RSI entered oversold prior to the ECB meeting. In fact the correction paused on Wednesady and consolidated prior to the event supported at 1.18100 (red horizontal line). After the event the pair run into the Kumo to escape bearish pressure. It made a brief top above the Senkou Span B but it was sucked into the Kumo again and lost momentum. The Senkou Span A at 1.18200 was breached Friday in the afternoon and the pair closed the week on the supporting level of the consolidation period at 1.18100. The pair commenced this week with same bearish sentiment it had closed the preious week and a new bearish move begun to gain momentum after 2:00 o'clock when the 1.18100 supporting level was breached. An entry could have been set up when the 6 o'clock candlestick attacked 1.18022 (orange short term horizontal supporting level that was built between 3 and 5 o'clock) to let it run until RSI entered oversold. In my view the 1st trade was "easier" because mid-week and more clean than 2nd trade. 2nd trade more risky because it was Friday and price closed above 1.18100 supporting level. To note that at the moment there is a divergence between lows made by price and sentiment. Please like if you want me to share more screenshots of the move in lower timeframes and updates on the pressure provided by the bearish structure or the divergence with indicator. If you have any question please ask. Thank you and kind regards Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you. Before you decide to invest in foreign exchange, you should carefully assess your investment objectives, experience, financial possibilities and willingness to take risks. There is a possibility that you will lose your initial investment partially or completely. Therefore, you should not invest any funds that you cannot afford to completely lose in a worst-case scenario. You should also be aware of all the risks associated with foreign exchange trading and contact an independent financial advisor in case of doubt.
by cozzamara
VIACOM CBSViacomCBS Inc. is a media and entertainment company which creates premium content and experiences for audiences. The company's consumer brands portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster. It operates primarily in the U.S., Europe, Latin America and Asia. ViacomCBS Inc., formerly known as CBS Corporation, is based in New York, United States. Analysis: Viacom is a powerhouse when it comes to media infastructure. Networks amongst the likes of Paramount, BET, MTV, Nickelodeon, etc are popular and have been around for decades. I like this company's financials and feel that they have enough cash on hand to be able to use their money where they feel is needed regardless of market conditions. On the 30 min timeframe, price is currently at a strong. I want to see strong bullish candles trading above the 200 ema for a possible entry point. I mainly do debit spread. I think if the rules apply in the near future, this could be a nice opportunity for a gain! * Not Adivce *I only share ideas!
NASDAQ:PARA
by Redimere_91
NintendoThis is a gaming company that has lasted the test of time to the point that they have become the Mecca of the gaming world tbh. They are here to stay and are still competing well in a highly competitive industry! Looking over their financials, I like how the gross profit is increasing consistently since 2017. COGS has stayed stable. Steady increase in Net Income. Steady EPS increase. Steady Asset increase. Total current assets jumped this past year tremendously and has outweighed the increase in non current liabilities. Steady increase in total equity. Not too worried about debt increase due to this. Steady free cashflow growth. Increase in the last 2 years in changes in working capital. P/E Ratio decreasing over time. Valuation Ratios and Profitability Ratios are improving as a whole. Chart Analysis: Daily: MACD and RSI oversold. Possible support traced. 4 Hour: Same as Daily TF 1 Hour: Same as Daily TF 15 Min: New low was made. Entered consolidation. Turned into previous being broken. Possible retracement ready? Need to see MACD and RSI oversold before final decision. Price consolidated between $64 - $81 between September’20 and July ‘21. It broke out towards a downtrend and is finding support IMO on the 15 min TF. If it finds solid ground as it looks like it has potential to do, we could a possible retracement. *not advice *just sharing an idea
OTC:NTDOYLong
by Redimere_91
Intel Corp.I love this companies financials. I understand what's going on in the semiconductor world. However, I'm thinking about consumer durables like laptops, computer gaming, memory and storage data. I'm not big on speculation but I know we are so dependent upon technology and alot of their products attack a wide range of technological factors. Price is currently at a strong support in my opinion. On the 1 hour time frame, there seems to be to some strong consolidation in this same support area. This could indicate that Intel is currently in its accumulation phase. I've looked at some insider trading as well and noticed that within the last two months, there were purchase on two occasions around this area and a third person sold at $57... I want to see price breakout at some point to the upside as the previous high was broken and the previous support hasn't been reached yet considering a strong consolidation at its current support. Let's see what happens! I'm locked in til 2023. Not advice What do you think?
NASDAQ:INTCLong
by Redimere_91