I believe this weeks move higher has been from Euro based investors liquidating their USD equity exposure. I believe this is a short term bounce and I would use this opportunity to sell EURUSD at 1.11 with a Stop Loss at 1.115, as we continue the downtrend.
Siemens has dropped more than 10% from its highs back in December following a 2% earnings miss and negative press due to an Australian coal project. Even though Earnings where dissapointing Siemens is holding on to its Vision 2020 strategy which will reshape the business into two divisions: Smart Infrastructure, and Digital Industries as well as some partly owned...
Rolls Royce is starting to look interesting. There will most likely be some further downside to around 620 but I believe we will head higher from there. 2020 FCF is projected to be £1 billion. I would set my price target to around 925-950GBX.
Currently testing the trend which has been in place since 08/19. Offers a very nice yield of 5% and definitely a good option if one seeks to add REIT exposure. With Brexit fears now all priced in I belive this stock will go higher.
We are currently approaching the 2016 trendline. I would consider selling here, as we have the resistance from the 50 and 200 day EMA, the 2016 trendline, and the key 50$ level.
We have now broken below all possible trendlines since 2016. I would watch the 47 level as a break below that would indicate a lot of further downside. This is definitely a chart to watch, as it could significantly lower inflation expectations should oil decline much further, forcing CB's to be more dovish.
The DXY has just broken below its 2016 trend. Expect further losses in the near term.
Following the gap caused by the French election results, which indicate that Le Pen has little to no chance of winning the second round, we are touching the downwards sloping trendline which has been in place since May 2016. I believe that with the French and Dutch election more or less decided the chance of another country leaving the EU has significantly...
Gold is quickly approaching a multiyear trend line. Should we break above 1290-1300, I believe we will see new all time highs in Gold. Definitely one to watch! Especially for those who are long the dollar.
This is a key moment for the dollar. Should we break below these technical levels then the bullish trend, which started last April is over. However we could also break higher from this level, which I believe is the more likely case, considering the fundamentals. Watch this chart!
It looks like we are forming a head and shoulders on GBPUSD. I would consider going long on a breakout of 1.46
As described in my earlier idea USDCHF smashed through the trend line. Following today's news USDCHF corrected around 200 pips! We are now testing the 50 and 60 EMA's and I think this could be a great trade! So pay attention to this pair as things might get exciting especially if the Fed decides to raise rates.Good luck trading everyone!
GBPAUD is forming a H&S pattern on the daily. Could this be an indication that the GBPAUD bull run is over?
As you can observe USDCHF has been in a downwards trend since the charts started. A break of the trend line dating back to 2005 coinciding with what could possible be the largest Dollar Bull Market in history could be a great trade. Just wait for a break and a retest of the trend line. Keep an eye out for this!
I think this could be a great short trade however I would wait one more day as yesterdays large bullish candle indicates presence in the market. Furthermore the triple bottom is also a negative factor to this trade The factors of confluence are: - trade is with the trend -rejection of .618 fib - reversal candle shape - rejection of 92.4 key area With a tight...
This looks like it could be a beauty. It has the following factors of confluence - trade is with the trend - 2 dojis - rejection of key resistance area - rejection of .618 Fib retrace - deceleration I haven't been trading AUDCAD for a long time as it has been moving sideways for the past couple of months. I think this is good opportunity to join the AUD sell off.
Last week EURGBP came close to the 50 EMA and strongly rejected it and it looks like we are forming a double top on the daily. This definitely seems like a good shorting opportunity especially considering that according to ABN Amro There Is A 40% Chance Mario Draghi Expands ECB QE "As Soon As This Week". Also look for EURUSD hitting parity before the year ends.
Gold has made a correction in the past few weeks following the massive sell off so I think here could be a good opportunity to get in short. - previous support zone -with the trend - 50 EMA -.5 fib retrace I'm waiting for a doji to form on the daily or a double top on the 4h happy trading!