gisanddata.maps.arcgis.com Looking at the cases in the US compared to Europe & of course Asia. The US economy is stronger than currently priced. Panic selling has caused a drop in the USD.
Looking at the channel - two daily wicks down and back up, Fib support and a nice trend within the Pitchfork. Any ideas? be great to get some opinions here...
Nice bounce off-trend, giving a tight stop loss for a decent run down. Helped by a pitchfork trend touch. Please give some comments, would love to hear from others, Bulls & Bears. Enjoy the rest of the week!
Couple of fibs & Major support lines again on daily. Quite a tight stop loss, some divergence on smaller time frames.
The daily bounce off a 200 EMA, a retracement down and back through the .382 Fib. A Cross at the same point touching an upward trendline, followed by some divergence on the indicator.
Looking for divergence in the charts, spotted a long for GBPUSD on the daily timeframe. With a bearish divergence on the 4hr. So waiting to see some pullback first on the market open before a long position, entry above the previous day high. 30 - 50 pips before market will come back down. The overall bias here is bearish - this is a quick little trade.
Looking at the daily setup, the fundamentals and sentiment are a short over the next couple of days. Trend line down into a channel.
Pullback to the .50 4hr chart. Then continuation down to the next fib level painted on the 1hr chart here. Trade at own risk, not financial advice in any way. enjoy the rest of the weekend!
Weekly chart - some interesting times ahead, Covid-19 and various other events will have an impact on the economy as a whole. This is not a trade idea (or not one we will be taking) Looking at the technicals, there are some areas of interest in terms of a current supply zone. a few Fibonacci levels dropping down to a low not seen for a number of years. It would...
A few people have asked us recently about the crypto landscape - As part of Mayfair Ventures (our Vc arm) we invest in start-ups to do with blockchain/fintech. Mostly around cybersecurity in the financial industry. Overall we are "long" blockchain as a whole - although there is a lot of snake oil still splashing around. Even more snake oil salesmen! XRP has an...
Britain is in a right old mess, with Boris still in Hospital. They have yet to realise the full damage of Brexit. People still out in cities and parks, like Coronavirus, won't effect anyone who is British. Yen is a safe haven for investors if the Dollar is to weaken in the coming weeks - DXY dropping below the daily trendline, Covid-19 in the states seems to be...
Weekly update - Covid-19 still seems to be a factor in the global markets, it's almost a question of who recovers quickest or even who has the less amount of time without production. With various trading sentiment and a week finishing on the (Weekly) Gann levels, including a test of the upper (downtrend) channel wall. Monday will be an interesting time for this...
Looking at the DXY chart a few days back, we can see a slight pullback to retest the trend. This is something to keep an eye on, if it pushes above enter XAU short, if it bounces - we could expect the XAU trend to continue up. See below for related DXY chart. Not financial advice - just highlighting what we are seeing.
Short - the Candle touched the weekly Gann trend, at the same level we have the outer daily trend line (top of channel) and a larger supply zone just above. Trade at own risk, this is not financial advice. Enjoy the rest of the week all. Comments and ideas also welcome!
Upper channel ahead! trend overall is down, break the inner channel for a nice pullback before it falls a little deeper. Euro is BROKEN>>> Blue lines are higher TF Gann levels.
Continuation of the downtrend. Thoughts?
Similar to the article just published on EURUSD - a channel formed, looking like a push-up in the short term trend, before a continuation down to the next lower channel and marked price level.
Wait for full pullback into supply zone before short. Trade at own risk. Not financial advice in any way. Have a great weekend.