EmpowerTrader

EmpowerTrader

Risk/Reward: $1 =$7 GULF ETF tracks middle east corporations with strong dividend. With oil price plummeting over the month, it has pushed the this ETF to final support level. Look for positron bounce to the upside, especially oil price recovers soon.

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Trade Background: Oil has managed to once again move back to the topside of the bullish channel. The move to the highest level in 3 months comes as the stock market across the globe breaks all time high. Look for a potential bearish reversal, especially with the up coming EIA US crude oil inventory data coming out later today. Trade Idea: Entry: 60.50 -...

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Trade Background: Like most of the USD pair, price has moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal. Trade Idea: Entry: 14.3000 - 14.5000 Stop loss: 14.2500

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Trade Background: Price moved to test final support level after FOMC last week on Wednesday. Now that price is stabilizing, look for a potential bullish reversal. Trade Idea: Entry: 1.35200 - 135600 Stop loss: 1.35000

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Trade Background: Price continues to move higher alongside global equity market. The risk on we're seeing is causing the Swiss Franc, a currency known to be a safe heaven, to devalue since mid November. As price approaches final resistance level, look for a potential reversal. Keep in mind that the pair will most likely reverse alongside a broad global market...

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Trade Ground: With global markets concluding to surge, price could to slightly. Nevertheless, that gives rise for bearish several following this trend. Trade Idea Entry: 57.30 - 58.2 Profiting: 50.2 Stop: 58.3

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Trade Background: Price is testing key resistance level of a broadening triangle structure. Look for a bullish reversal to test the topside of the triangle trend. Trade Idea: Positioning: Long Time frame: 1H Length of Trade: 1 day to 1 week Entry: Between 1.11200 - 1.11300 Stop: 1.11000 Exit: 1.11600

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Trade Background: If the stock market continues its current breakout higher, this pair could easily move higher. Trade Idea: Positioning: Long Time frame: 1H Length of Trade: 1 day to 1 week Entry: Between 1.10050 - 1.1010 Stop: 1.10000 Exit: 1.16000

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Trade Background: Not much to say here apart from the double event risk tomorrow: US Q3 GDP & FOMC interest rate decision. Expect very high volatility tomorrow. If price spikes to the upside, a short position at final resistance level seems like a trade with good risk/reward. Trade Idea: Positioning: Short Time frame: 1H Length of Trade: 1 day to 1...

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Trade background: Price retreated from key resistance level last week. This validates the current bearish trend we're in. Nevertheless, price could spike to the final resistance level of the trend. This is very possible as FOMC is just a few days away. Therefore, look for the pair to spike for a short position following the bearish trend. Trade Details:...

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Trade background: GOLD is back up at key resistance level after testing the mid trend line of the bearish channel. Nevertheless, GOLD remains bearish, at least as long as the stock market & the bond yields continues to rise. Assuming that this will be the case in the coming weeks a bearish swing seems very likely. Combined with the fact that volatility, a big...

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Trade background: Shorting Gold could be a great hedge just in case the markets continues its rally. Keep in mind that this week is loaded with potential event risks that can bring a lot of volatility into the markets. Especially the trade talks and developments this week. Trade Details: Positioning: Short Time frame: Daily Length of Trade: 2 days to 1...

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Trade Idea: EURAUD tested and quickly rejected a move above the final resistance level of the bullish trend, that spans all the way back to the end of 2017. The move to test final resistance level was a direct result of the trade war escalation. Nevertheless, the fact that price is very responsive to the final resistance level indicates that the trend is very...

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Trade Idea: USDCAD has managed to break key resistance level yesterday as seen in the chart. Now price is approaching the final resistance level of a tight range that started back at the end of June. Thus, this gives rise for a short opportunity with relativity limited risk and reasonable upside. On other note, do we be aware of the US Q2 GDP coming out this...

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Trade Idea: Bullish Reversal AUDNZD has continued its move lower and lower following a bearish channel trend starting all the way back in May. Now price has reached a critical support level of the trend. This gives rise for a potential bullish reversal if price rejects a break lower. Trade Details: Positioning: Long Time frame: 1H Length of Trade: 3 Days to 1...

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Trade Idea: Gold is once again back at key support level ahead of Powell's testimony and CPI report. With volatility expected to increase in the second of this trading week, there's a high probability that gold could bounce back to major resistance again. Trade Details: Positioning: Long Time frame: 1H Length of Trade: 2 Days to 1 week Entry: Between...

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Trade Idea: Despite the Fed intention to hold the rates unchanged for 2019, the dollar fell sharply bottoming out on the 24th of June. Now that Powell will speak again tomorrow, volatility is expected to rise significantly. Where the increase in volatility could be the lighting spark to start a a bearish reversal. On the other hand, the dollar could bounce higher...

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Trade Background: Not much to say here due to the nature of the trade being a short one and relying solely on technical analysis. Trade Idea: Positioning: Buy Time frame: 1H Length of Trade: 1 day to 2 days Entry: Between 14.5000 to 14.5400 Stop: 14.5000 Exit: 14.7600