Kemsdale

Kemsdale Updated 

Looking for a channel bounce for USDJPY. Yields have sold off a lot and expecting a bounce this week, which should favour USDJPY. This a weekly outlook and valid until US unemployment data on Friday. Stops are around low 146

Kemsdale Updated 

Gold has been on a run after Israel Gaza conflict. Now it has been broken H&S neckline. I would be a buyer on retest of the neckline or a breakout of all time highs

Kemsdale Updated 

Nikkei has been struggling to get above 32800 and has formed a H&S and had neckline breakout. Prices should find support around 32500-32300. Head and shoulders at top have around 70% of success based on my trading statistics. Good luck :)

Kemsdale Updated 

Lemonade in an insurance company that has a good global reach. It was a popular stock couple of years back but now it has lost some of its lust. Currently, its consolidating around 13.85 and 17.70 range. One to add to the watchlist, as a daily break or weekly break with 10 day and 20 day moving average behind it can be good momentum.

Kemsdale Updated 

NZD has announced no more rate hikes and higher for longer. Fed is done and not expecting any fireworks from FOMC tonight. US data is slowly, risk tone and seasonals now should favour Kiwi. Kiwi is not widely owned as per CFTC data but expect that to change in the coming days. China looks to be stabilising, shipping data suggests so. Options markets are...

Kemsdale

That is a very bearish monthly candle for DXY. We might see a jump back after January but the trend is on the downside now. Lots of traders are long dollars so the pain trade has to be ever lower DXY. Look at the CFTC dollar positioning. There is a beautiful channel support around 96, bears will be targeting that zone over the next couple of months. If PCE...

Kemsdale

Spanish top 35 index is clearly breaking out to the upside. Its broken out of the flag pattern weekly and retest will be a buying opportunity.

Kemsdale

Tesla has broken out that rectangle after the initial 10% move and today retested. Stops can be placed below the rectangle and we can see a move towards 290 in no time. If that happens, will update the analysis because longer term Tesla chart is looking extremely bullish. Fundamental Key Takeaway: Tesla is undercutting the competition and new entrants like...

Kemsdale

SSYS is an industrial 3D printing company. Price action is suggesting we have formed a bottom around 10. If we have a nice close bullish close, above 11.37 in the next couple of day, then the bottom should be in for now. Stop can be placed below 10.55 and first target is 23.6% Fib at 12.70 (there is a gap there which will acts as a magnate for...

Kemsdale

Tal Education broke out of the range it has formed over a year. This stock popped last week due to start of coverage from Goldman Sachs. It operates in after school tutoring in China, which is a norm in Asia and a huge market. Looking for a retest around 10.30 - 10.50. Stops can be placed below 9.50 (10 weekly EMA). No traffic till 17 but we can take 16 as...

Kemsdale

It's hard to imagine a world where USDJPY trades around 170. Open to fundamental analysis discussion on comments where one can perceive this happening.

Kemsdale Updated 

AUDJPY is the go to risk on currency. As China has not been able to stage a comeback, AUD has been selling off. RBA hiked last week but the market sold off after. RBA basically stated further rate hikes will be based on data. This has been seen as a dovish hike and Aussie data becomes more important than ever. With inflation holding levels or starting to...

Kemsdale

Amazon has formed a cup and handle on the weekly. Current sentiment has turned bullish, yields are pushing lower and seasonals are great too for Amazon at this time of the year. Fundamentally, AWS is the engine for Amazon and I expect revenue to pick up in that department in the coming months. As for retail, it should steadily deliver. We need to finish above...

Kemsdale Updated 

Canada employment is growing but at a gradual pace compared to labour force and job vacancies. Growth has been revised down by BOC. On the other side, US economy remains strong compared to the rest of the world. First target at around 1.435 and there is a double top at 1.47. Ultimately, it can be triple top on the upside.

Kemsdale Updated 

There is around 60% chance of RBA hike next week. UK has been hit hard by a stream of poor data and this is set to continue. Plus, Europe has been struggling with growth so the interest rate differentials will move towards Aus going forward. On the other hand, antipodeans had a rough time lately but fundamentals are starting to look good, especially for...

Kemsdale Updated 

EURAUD has formed an inverted Head & Shoulder. Testing neckline now. Target should be 1.695. RBA minutes should not be market moving (Tuesday) but if we get poor Labour data on Thursday, we can see Aussie sellers in control. Geopolitical risk should favour Euro more than Aussie, unlike Ukraine-Russia War. Europe has energy concerns but not as bad as last...

Kemsdale

Nikkei 225 has been one of the hottest markets this year. Couple of reasons - Japan ultra low monetary policy in the face of rising inflation. Its similar to Fed policy before they started to raise rates. Banks are used to negative rates so we will not see a similar increase to US but a gradual one. When is for the BOJ to decide but first they need to get rid of...

Kemsdale Updated 

Gold has been on a tear recently. If gold breaks above and finishes above 2k next week, we should see GDX break the neckline at 30. Target should be around 34 but there is heavy resistance at around 32.20 so that should be a nice area to take some chips off the table