The previous week was tough for financial markets due to the escalation of the trade war between the USA and China, which, moreover, have taken new forms like US attacks on Chinese technology companies. At the same time, the White House is not planning to stop. The tariff epidemic will spread to other countries, primarily those of them whose currencies are...
So this setup for gold is amongst the most straight forward setups, a lot of confirmations coming together at the same point. Break and retest of trendline Fib key zone Previous reversal zone Touch of a smaller scale trendline if could be a very nice buy opportunity for gold, and I will definitely be keeping an eye on this setup, provided I get price action, I...
simply the thing is to see what happened last time ( year 2018 ) with the famous commercial war, and its result in the index, a marked negative readability ( end of 2018 ), why would it be different now? Well, it will not be. we will see the same results as the previous time, of producing this war in all its splendor this series the most probable scenario. // to...
Well, well - I have to thank Mr Trump for breaking the news that he's gonna raise tariffs on China about an hour before the open of the markets last night. The DJI and loads of other markets took a dive. I'm short of course, and trailing a 2H ATR trendline. On open of the markets there was a gap down of about 430 points. Never before have I seen anything like this...
Let's take a look on Aaple stocks 3D (3-days) chart. Technically we've got in Q4 '18 the worst reversal scenario ever, - as the price turned from o/bought into o/sold area around $210 just in a single movement. Yes, that is still the Bubble above $120. My focus is the price should be higher bearish neckline , for any further purchases.
Volatility is decreasing as the trend upwards slows down. I think there is large potential to the upside as the US-China trade war comes to a detente. However, many resistance levels remain in the way before that can happen. On the other hand, the index quite easily blew past previous levels of resistance with no problems. Want to see more talk towards trade war...
Hi guys and Merry Christmas ! I post my recent Idea for short positions on ZW1! with a target to 483$. As we see the movement of the ZW1! we see fake breakouts in the recent timeline. After the recent trade wars tall between China - U.S we saw a bullish momentum but it wont last anymore because didnt reached a breakout to drive wheat prices higher. So my target on...
I posted my first trade on TradeView a couple of weeks ago. I wrote a short article somewhat explaining the fundamentals and technical analysis for owning the stock. The stock is up about 30% since the recommendation. Now that we are up 30% where do we go from here? The stock price has clearly hit a weekly 50 day moving average. This is usually a price target...
WMT has been in a bottoming formation most of this year. The big gap up was HFTs taking advantage of those who trade on earnings news. Notice how quickly profit-taking follows. The all-time high is strong resistance. Walmart is one company that is stating it will face revenue and earnings problems due to the Trade Wars and new Tariffs on the Chinese goods it...
Price had been trading a wedge pattern with respected support and resistance zones. Currently price has broken to the downside and retested the same wedge pattern. 86% of retail traders are long gold, which would suggest the market is likely to move lower against them.
AUD/USD had a major uptick due to trade war discussion between United States and China. Uptick is only temporary, unable to breach resistance levels. Recommend short, trade safe. Expect for downtrend to resume.
The US-China Trade War most definitely pressures the Aussie Dollar. Technically, AUDUSD is consolidating and I am looking for a Short Trade opportunity. A pullback might be an ask but any small pullback followed by a Bearish Engulfing Candle in H4 or H1, I will be in that trade. Target the Weekly Low Projection (120 pips)
Time cycles seem to line up with dip buying chance if you want to get long or if you feel like a short could use them to time a top not an exact science. This trade has headline risk with being a trade war going on.
If more bad news come out of the trade wars news front and this wafer producer could see a nice pull back to a key support area. Could provide a nice short term short trade if earnings come out negative.
I have already posted my US Dollar bullish option for tomorrow which is based on good US data and an increase in trade war noise. I think that is the most likely outcome but as always in trading, we should look at the best alternative. If the US data is not better than expected and the trade wars do not get going then I like the idea of selling the USDCAD. The...