So, Corona is on everyone's lips but how long will it keep the raging bulls from taking charge? Any signs of, mitigation measures against the pandemic will provide massive reprieve for the fallen giant DOW Jones! It may as well have begun.... The image above shows a classic MEGAPHONE in a bullish trend, We have just jumped out of the bear trap, cannot say it's...
Price aproaching a very good decision point with a confluence of a KL we wait for PA to take our sell entries NB; Risk management remain personal
The NFP numbers are in and they are way better than expected, could this be the end of the much hated EUR (anti-Dollar) rally? Only way to find out is buy DXY or USD against its counterparts for a sweet swing higher as markets are bombarded with fears of wave2 Covid-19 or 20 whichever it is. Possible stocks dumping, equities shorting and USD strength as safe...
Trade war truce has come to carry you home?! Swing-Lo, Sell Kiwi, China-Us talks will carry you home. NZD and AUD have thrived in the past weeks on a weak dollar and more business with China, now the Big-Bully is back!! And he wants a big chunk of the cake....or else!!! The S&P 500 got some ticks on Friday night at trade closure due to that Trump-Xi deal...
If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as...
Zoom in this chart to notice PA on a lower TL. The GBP is an undervalued currency since the Brexit vote 2yrs ago , this decline means it holds a notional bullish sentiment. The BoE has maintained a hawkish stance amidst the geopolitical hurricane subsequently favouring a strong pound. We choose to look for rallies based on this fundamental bias. The charts too...