TradingwDavid

TradingwDavid

On the EUR-USD daily chart, it is forming wave B of a correction phase ABCXABC (at least, it depends on the last wave C). Wave B can do what it wants; it can also complete itself at an extension 1.238 or 1.328 wave A (so, above the X). A the moment has made a retracement of 38.2% of wave A.

TradingwDavid

On the Eur-JPY 4-hour chart, it is completed an AB=CD Fibonacci pattern with CD=1.618AB. Trade with very low risk because at 131.700 (about) there is a static resistance so, stop loss not far to the entry point.

TradingwDavid Updated 

Possible Bullish Bat on Eur-Jpy 4-hour chart. Point D at 129.270 even though that level doesn't correspond at 2.618BC. However, it's likely in next hours/days Eur-Jpy decreases for completing the harmonic pattern. In case, the bullish signal in 129.270 area.

TradingwDavid

On the Eur-Usd chart is forming a Bullish Gartley with a point D at 1.20525. So, the currency pair most likely will fall in the next days before starting a bullish trend. This analysis confirms my previous ideas on Eur-Usd.

TradingwDavid

Eur-Usd after the three bullish impulse waves (1-3-5) is within the corrective phase. It is drawing an ABCXABC correction. We are exactly in the last wave C, and more precisely in the subwave II of wave C. In the chart, you can see the three target of subwave II where to open a short position as follow: 1/4 of the position at 1.23737 1/2 of the position at...

TradingwDavid

Are you worried about rate hikes by the Federal Reserve? There is something more alarming. Rising Libor rates is a bigger concern right now. Libor has been rising since Feb. 7 for 31 consecutive sessions, reaching 2.27% last March 21 (next release today at 19:30 ET). Not only, Libor tends to be a 3-month leading indicator to the dollar (I can't insert the...

TradingwDavid

Bitcoin-Dollar is newly on the support at $7,500. Here, it's possible the completing of a Double Bottom (but it still need a green candle before a possible bullish signal). A corroborated thesis from declining volumes. Otherwise, a breakout of the support could push the currency pair down, as far as the next important support at $6,000.

TradingwDavid

After the bearish breakout of the support at $600, Ethereum-Dollar has arrived at the next strong support at $400. Here it is likely, at least initially, a rebound (still missing a green candle). There is a bullish divergence between price and CCI (20). The breakout also of the support at $400 (with high volume) would precipitate the currency pair, in all...

TradingwDavid

Eur-Usd has failed its return above 1.24 after the rates decision of yesterday by the FOMC, and in doing so, it didn't break the trendline resistance. Now is likely a decline of the currency pair as far as 1.2050 area (about on the support trendline), and, in case of the breakout, in 1.1900 area.

TradingwDavid

In the 4-hour Heikin Ashi chart is forming a green candle. Still 2 hours and if this candle closes green, it will represent a bullish signal. First target $8,400/8,700 area, and second target $9,350/9,750 area.

TradingwDavid

BTC-USD has broken the 200-day simple moving average and now is in the proximity of the static support at $7,500 (about). Here is possible to see a bounce of the currency pair, in the last days the volume is decreased and well below the 10-day moving average. However, for a confirm, it needs a green heikin ashi candle (or at least a doji with the close higher the...

TradingwDavid

After the breakout of the double support, static at $600 and dynamic with the 200-day Simple Moving Average, ETH-USD is heading toward the next important support at $400. Today high volume, at 10am (GMT) 151K, the 10-day moving average is 159K and yesterday's volume was 141K.

TradingwDavid

At this moment, Ethereum/Dollar with a foot and a half in the abyss. If the double support, static at $ 600 and dynamic with the simple 200-day moving average, should not hold, it would open for the Ethereum a bearish scenario of $ 200 with the next support at $ 400. On the contrary, a rebound could push the currency pair to the test of the bearish resistance as...

TradingwDavid

Pullback or false breakout?

TradingwDavid

Crude Oil is moving within a descendant triangle, in case of the breakout of the support, possible fall of the price to $58.50 area.

TradingwDavid

I like a lot Synaptics, and I will like it even more if the price will break the resistance trendline. Currently, the "numbers" are mixed, some like the good cash flow from operations, largely solid financial position (with reasonable debt levels), and strong liquidity indicating strength; others, as the deteriorating net income, disappointing return on equity and...

TradingwDavid

In this boring Sunday, a provocation on Home Depot. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity and good cash flow from operations. However there is an aspect that caught my attention, Home Depot has very weak liquidity. Currently, the Quick Ratio is 0.38 which clearly...

TradingwDavid Updated 

There is a particular situation on the S&P500. The index is moving within a symmetrical triangle and differently than usual, volumes are decreasing but like a "wave", they increase during the bearish phase and decrease during the bullish phase. Friday will be important the employment data. However, in this period, there is a lot of "confusion" on the markets, with...