LouisTeo

LouisTeo

I expect gold to retrace back to 1824 levels give that the rejection off the 1835 could prove to be a strong one.

LouisTeo

I was looking for a buy limit for S&P500 at the 3950 level. Price have since hit that level. Though price is still looking slightly bearish, my buy limit has hit and I've taken the trade. Let's see. In the current market, might be wise to do short-term trades as prices swing wildly without much direction.

LouisTeo

Although we expect DXY to be bullish, a short-term retracement is expected in the overall run. This could mean you could enter a better positions for USD/xxx by setting a buy limits at the next support levels and sell limits for xxx/USD at resistance levels. NFA

LouisTeo

I expect silver to consolidate around the 20 price regions which could be a place to go for a long.

LouisTeo Updated 

Looking for an intra-day short for CADJPY. Entry price, Stop loss and Target price in the chart as listed.

LouisTeo Updated 

Although I expect more bullish action in the near month, S&P 500 could pull back towards the 4000 price level for now.

LouisTeo Updated 

Leveraging on the China reopening arc, the demand for commodities should perpetuate CAD higher in the short term. The Canadian dollar tends to rise alongside with Oil as Canada is 3rd largest exporter of oil. Even though the Bank of Canada is hinting at a pause in rate hikes, the interest differential between BOC and SNB(Swiss National Bank) could help in moving...

LouisTeo Updated 

The reopening of China could lead to increased demand and prices for commodities, oil, and certain currencies. WTI crude oil, gold, and silver in the U.S. dollar market may be particularly affected. Traders and investors should keep an eye on these developments and consider how they may impact their positions. On the technical side, we saw a false breakout to...

LouisTeo Updated 

I'm definitely long term bullish on gold but current price action is calling for more bearishness,especially with the bearish engulfing candle we see on the daily chart. I'm looking for a swing lower towards the 1800s price regions before contemplating a buy.

LouisTeo

Though Google AI model gave an wrong answer, I believe that the market over-reacted to this isolated case with ChatGPT having many problems of its own as well. Good opportunity to long for traders and scoop up for investors.

LouisTeo

RBA raise rates by 25bps today and we saw AUDUSD holding very well at the support in the trendline. We expect further upside this week.

LouisTeo

We spotteda triple top rejection on Home Depot recently. With the market pulling back, we could see the defensive counter moving lower as the narrative seems to be back to growth stocks.

LouisTeo

We saw a huge volume bar from the 0.97000 price level reversal which could be signalling a reversal scenario with further upside. The bullish candle is also a comforting side. We could see the price move higher towards the 0.94300 price regions.

LouisTeo

My personal take is that many traders and investors alike are mistaking Fed to pivot right after they finish hiking to 5.1% ( that is if they even keep it at 5.1% and not raise it higher). Fed Chairman Powell have said multiple times that they are going to hold rates at its level until inflation fall back to 2%. If the action of pausing rate hikes is a pivot then...