EmpowerTrader

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The German index fell as much as 7.5% last week amid a global stock market correction. Today, price bounced off key support, where price saw a nice recovery of around 2.5%. Look for a potential bullish reversal as global markets recover. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout from the current trend channel. Look for...

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Oil price fell sharply last week as US inventories rise and new developments regarding Iran. It wasn't until October 9, when price fell even further as a result of global stock market correction. Where oil fell as much as 6%. Now price is testing final support level of the bullish channel, which spans back to August. On a final note, the stock market (US, China,...

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Gold's price saw a sharp bullish reversal last week, as investor fly to safe heaven assets amid a global stock market correction. Although price has moved to the highest level in 3 months, there is strong resistance ahead. Look closely to risk-oriented assets like equities and oil, as recoveries in these assets will be bearish for gold. Trade Step-ups:...

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Exxon's stock price fell sharply last week as global market equities saw big sell-offs. During this time, oil price fell as much as 6%. This lead the stock price to test to the first major support level of the bullish channel trend. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout from the trend that span back to February....

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Price is testing major support level of the channel. In other words, price is testing the neckline of the breakout that started in early October. Nevertheless, price could break support as Brexit negotiations are still in stalemate. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout, indicating a strong bullish sentiment for the...

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Price fallen sharply last week as global equity saw corrections across the board. Where recently the pair has had a high correlation with the stock market. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout. Look for a move to the topside of the trend channel. Scenario Two (Bearish Breakout): Price breaks bullish channel trend,...

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Last week, price fell sharply to the downside to as low as 6200. Since breaking the trend channel, price has been in a pullback. Look for another sharp to the downside as sell-off resumes. Trade Step-ups: Scenario One (Bearish Reversal): Price resumes sell-off, potentially pushing price back down to 6100. Nevertheless, price could hit 6400 before resuming its...

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The British pound fell sharply yesterday as global market tumble. Now Price is testing key support level of the bullish channel. Look for a potential bullish reversal. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout. Profit levels to look for are 149.000 and 149.500. Scenario Two (Bearish Breakout): Price breaks bullish...

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Price is testing support level of the bearish channel. Nevertheless, price could move higher and test key resistance. Look for dollar for a potential bearish reversal. Trade Step-ups: Scenario One (Bearish Reversal): Price rejects a bullish breakout. Look for a move to key support of the bullish channel. Profit levels to look for are 1.2950 and 1.29...

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Alibaba's stock price has fallen sharply since last week due to a correction in the US markets. This combined with a big sell off in China due to trade wars has pushed price below 130.00. Now price is trading just above a gap back in April of 2017. On a final note, if you are considering to trade this stock follow the trade wars development closely. Trade...

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Price is broke the mid support level of the bullish channel last week. Today, price fell sharply after consolidating below the trend line. Look for a push longer to test final key support level.

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Price fell sharply last week along side the Australian stock market, ASX200. In addition, the Japanese Yen has been gaining strength recently. Nevertheless, AUD could be exposed to further losses due to the ongoing correction in the stock market and trade wars. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout. Profit levels to...

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Price has been trading above the bearish channel for two days now. Nevertheless, the recent gains in price was a reaction to the recent positioning of hedge funds and institutions. In addition, GE recently replaced their CEO, where the market reacted quietly positively to the news. Trade Step-ups: Scenario One (Bullish Breakout): Price consolidates above...

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Price tested key support as the AUD falls along side the ASX. Look for a potential move to retest key support. Trade Step-ups: Scenario One (Bullish Reversal)L: Price rejects a bearish breakout. Look for a potential move to the topside of the bearish channel. Scenario Two (Bearish Breakout): Price breaks final key support level of the bearish channel.

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Price has been trading in a bullish channel since its bottom back in mid August. Now price is once again heading to the key support of the bullish channel for the second time. Trade Step-ups: Scenario One (Bullish Reversal): Price bounce from key support of the channel. Profit levels to look for are 148.900, 149.600 & 151.00. Scenario Two (Bearish Breakout):...

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Price continues to fall as markets turns red and controversy surrounding Elon still looms. Look for a move to key support levels for a long entry. Final key support is at 220. Trade Step-ups: Scenario One (Bullish Reversal): Price rejects a bearish breakout from the bullish channel. Look for a move to the topside of the channel. Profit levels to look for are...

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Price is testing the topside of the bearish channel. Look for a potential bearish reversal. Trade Step-ups: Scenario One (Bearish Reversal): Price rejects a breakout. Price moves to the support levels of the channel. Profit levels are 1.1500, 1.1465 & 1.1430. Scenario Two (Bullish Breakout): Price breaks bearish channel and consolidate above 1.155.

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Price moved sharply to the topside of the bearish channel at the end of last week. Now price is testing final resistance of the channel. Trade Step-ups: Scenario One (Bearish Reversal): Price rejects a bullish breakout. Price bounce to the support level of the channel. Scenario Two (Bullish Breakout): Price breaks bearish channel. Look for consolidation above 1.3200.