US
NZDUSD: Important Breakout
NZDUSD broke below a support line of a rising parallel channel.
the breakout is matches with a violation of a horizontal minor support of a double top formation.
now the price will most likely drop low.
because the breakout candle was quite strong, I recommend retest entry.
first goal: 0.665
Berkshire Hathaway Good Idea Buy I am a consultant for anyone who needs a consultant, I see that Berkshire Hathaway will GO UP IN FEW days when the market open
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I set the take profit and stop loss in a number that does not mean that the price will reach it, I gave a buy or sell signal only according to the analyzes I made in the chart and delete it later, in the order to share it with you so that you have a clear picture and read it clearly, thank you!)
3, you can try me for one or two weeks to decide to work with you and give you signals about buying or selling
USDCAD Retesting the downtrend +70 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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It may head to the downside after breaking the downtrend, and then return to the upside with the same scenario that you set.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
INTEL SHORT ON 231020 TARGETS $39Intel is now under immense pressure targeting $43.33 then $38.96.
Short signals on both the ST 4hr and daily chart points to $43.33 and the short signal issued since the 24th of feb this year on he weekly charts points to further weakness LT towards the supertrend target of the monthly charts at $38.96.
The LT uptrend on the monthly chart where the long signal was issued in 2012 is 8 years in up cycle and seems to be weakening with all the ST/MT indicators flashing a sell. Buyers beware. Profit taking is advised.
EURUSD: Indecision & Paralysis
hey guys,
still not clear where EURUSD will go next.
the price is still stuck within two major trend lines and for now, it consolidates within an expanding decision range.
the problem is that we can never know how long the price will trade within.
the timespan is unknown.
to catch the next swing move I would wait for a violation of that range either to the upside or to the downside.
for intraday traders, both lines serve as very good points to sell/buy from.
let's wait for the decision and then just act accordingly!)
Crypto Market 1H AnalysisI took profit from all my trades that were in profit so I'm 100% on Tether. I think having Tether is the best position in this situation..
If it moves higher I'll enter for higher highs and if it dumps I'll wait for new lows to move in a trade..
I'll let you know for new levels of opening when the market decides to go up or down soon..
Next point is that the last US Presidential Debate was so confusing so we're are watching this confusion in market too..
Next, Dollar Index (DXY) has reached an important low and we should wait and see if it breaks this low level it'll move to lower lows so the gold and crypto market will go higher.
But if Dollar Index reacts to this important low and pulls itself up.. we'll see some crypto movement toward down..
These are my Technical and Fundamental reasons for me to take profit all my trades and be on 100% Tether. So I'm waiting for Next movement of the crypto market to take part in trades, It could be upward or downward..
Let's enjoy the ways together..
This is my idea.. What do you think???
RidetheMacro| GBPRUB Russia on Track Again!A "no-deal" Brexit could be three times more costly to Britain's economy in the long term than the coronavirus outbreak, a new study published Tuesday warned.the political and economic effects of the pandemic were likely to mitigate or hide that of failing to secure a trade agreement with the EU.
📌 But in the short term, the lack of a new formal trading relationship with Brussels would be bad news for economic recovery and larger than the health crisis in the long term.The think-tank, which collaborated with the London School of Economics, said Brexit would hit growth in the coming years more than if the UK had opted to remain in the bloc.
📍 "The claim that the economic impacts of Covid-19 dwarf those of Brexit is almost certainly correct in the short term," its authors wrote.
"Not even the most pessimistic scenarios suggest that a no-deal Brexit would lead to a fall in output comparable to that seen in the second quarter of 2020.
📍 "However -- assuming a reasonably strong recovery, and that government policies succeed in avoiding persistent mass unemployment -- in the long run, Brexit is likely to be more significant.
🔑 the UK’s recovery from the Covid-19 lockdown was losing momentum even before the announcement of new restrictions to control the spread of the virus, the latest snapshot of the economy has found.
📍 The closely watched monthly estimates from Cips/Markit found the level of activity at its lowest since June, the outlook for business at its weakest since May and jobs being shed at a rapid rate.
The Cips/Markit report flash estimate of the service and manufacturing sectors dipped from 59.1 in August to 55.7 in September. but the survey was conducted before the introduction of fresh curbs across the UK this week.
The marked dip in the PMI prompted speculation among City analysts that the UK could be heading for a tough end to 2020.
📍 The study estimated that the negative impact on gross domestic product would be 5.7 percent over the next 15 years compared with the current level, while GDP was forecast to take a 2.1-percent hit from Covid-19.
The projections come despite a lack of clarity about the overall repercussions from the pandemic, and as a second wave of infections hits Europe.
📌 For RUB
🔑 The Salary growth numbers for July (this data comes with additional lag) significantly outperformed expectations, posting a 2.3% YoY jump in real terms after a 0.6% YoY increase in June. Though this data is more relevant to the larger businesses and state sector, and the situation in the SME sector could be different, other sources of income were likely supportive as well: the budget fulfillment data for 8M20 point at continued acceleration of spending on pensions and social security.
🔑 the earlier estimates for retail trade for April-July have been improved by 0.6-0.7ppt YoY, including from -2.6% YoY to -1.9% YoY in July, suggesting that the drop in smaller businesses was not as deep as expected.
Until the Next Time.🙏
Ridethemacro
EURUSD: Important Decision Ahead
hey traders,
EURUSD is currently trading within a very peculiar zone:
its upper boundary is based on the major rising trend line that the price broke in September and that currently serves as the resistance.
its lower boundary is based on the major falling trend line that the price has violated yesterday and that currently serves as the support.
for now, I see two equally possible scenarios:
either we close above the upper boundary of the zone and continue growing to 1.1935 level
or we drop below its lower boundary and initiate a short rally at least to 1.1705
for now it is hard to say exactly, which side the pair will select.
so I prefer to wait.
NASDAQ - US100 video top-down analysisHello everyone, here is the top-down analysis for US100, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
USOIL In the ascending triangle . Ascending Triangle AnalysisHi every one
As you can see, this is an ascending triangle , this pattern can be a good thing and increase the price.
Remember that Trend is our friend and we have to hold his hand and go with it.
Traders, if you liked this idea or have your opinion on it, write in the comments,We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
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BRICS currencies movement for the week – 16 October 2020A strong week for the US Dollar, with most Emerging Market currencies coming under pressure. Also look at my US Dollar Index Idea here:
Despite the USD strength, the ZAR remained resilient, having some of the best relative BRICS currency performance for the week.
BRICS currency/USD movements for this week:
Brazil -1.9%
Russia -1.1%
India -0.6%
China 0.0%
South Africa -0.5%
Euro /USD -1.7%
Technically, the ZAR broke and close the week off below all four the 8-, 21-, 50- and 200-day Exponential Moving Averages (EMA), which over the shorter-term, might provide some further momentum in the ZAR.
If this was a false break and we see the ZAR break and stay above the 200-day EMA (at R16.61) this week, we could see it move back to the 50-day EMA at R16.76. A break and close above this level could see the USDZAR test the diagonal resistance level at R16.85, with a break and close above this level, most probably bringing R17.10 back into play. With the runup to the US Elections, this (USD Strength) in my view can only happen if the momentum swings back from Biden to Trump, which at this stage seems highly unlikely.
The 14-day RSI is not in oversold territory yet, which will have me optimistic should the USDZAR break and close below R16.50 early this coming week. Momentum is turning and very much moving back into the favour of the Rand, which tend to make me believe that we might just be testing the R16.10 levels again over the shorter-term. Watch the US Dollar Index early this week. Should you be contemplating any short-term long positions in the ZAR (short USDZAR), I would only look at doing so below 93.20 on the Index.
Don't Trade USD/JPY Before You Looked at These Factors!Trading is all about buying low and selling high. Here on this USD/JPY technical analysis I will explain what you need to take into account if you want to enter a trade.
First of all, I want to highlight the previous idea that was incredibly successful on USD/JPY using these same principles:
In this idea it is important to note that the price is not near any horizontal zone at the moment. I suggest to wait to get a better risk reward on your coming trade.
The buy low and sell principle is all relative and defined by the current information available. I define low and high as the horizontal resistance zones.
For our short position we want to reverse the logic and sell as high as we can, in this case near the zone of horizontal resistance.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!