The market's recent rally (indices are up 25% since November!) feels frustrating. It doesn't seem to reflect the economic realities we're facing. Inflation is cooling, but it's still above targets. The labor market is strong, which might seem good, but it could be unsustainable with high interest rates. We're seeing layoffs, which contradicts the market's...
Looking into buying position with a target at 0.87
On 4hr chart divergence is forming. I still think it's an opportunity to buy. RSI on daily chart is 27 - very low. We might be here for a while because of low volatility during Christmas holiday.
I don't usually trade CHINA50, when it comes to China I prefer HK50, but this is an interesting set up/amazing buying opportunity: - RSI is very low - 29 on daily chart, RSI was 24 few days ago. - 11000-11100 is a strong support level. Even in March 2020 the index found support at 11500 - I'm aware of economic situation, but I still believe that recession will hit...
RSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal...
RSI very low Market record low since March 2020 Fantastic opportunity to buy, TP 11700-11750 max - anything above this in my opinion is risky This is not a trading advice. Always do your own analysis before entering the market.
The market is very overbought. Pullback is a matter of time. As Christmas holiday is coming not sure if it happens in Dec or beginning of Jan. 4330 previously was a strong resistance so I’m expecting this it become strong support durrring market correction.
The market rallied for a while. I expect the correction is just a matter of time. My target around 3050, with expiry date for contract 10th August. This is not a trading advice. Trading is risky, always to your own analysis.
It looks like COCOA is setting up to cool off. I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first. This is not a trading advice. Trading is risky. Always do your own analysis.
The Daily RSI is pretty low BoJ didn’t raise the interest rates The market is trading withing range for over six months now. With low Christmas volatility, the buyers might move the market to 27100- ish. This is not a trading advice. Trading is risky, always do your own analisys before opening the trade.
With holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January. This might play out two ways: 1. Bullish scenario: - we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows) - looking into Elliott Waves strategy - we could face one more wave to the...
USDCAD is in correction phase. It might take a while durirng Christmas period and lower volatility. I think the market is getting ready to reach a new high early January 2023. Trading is risky. Always do your own analysis before trading.
RSI pretty high for a while now. The market is struggling to break above 33900-34000. Divergence pattern forming on a daily chart. This is not a trading advice. Trading is risky, always do your own analysis.
USDCAD, like I predicted, is looking to test 200EMA and 1.31 area. Finally! It will take a little bit of time until it goes back to Oct highs.
The markets are unpredictable, especially this year but I simply can’t see the way for USD to go significally higher without testing support 1.30 area.
Indices at the moment are untradable for me so I looked into fx to see what can be expected there. USD has been rallying for a while, it needs deeper correction at some point. If it happens, it will have plently of room to upside.
RSI on monthly chart = 83. RSI on weekly chart = over 82. RSI daily chart = over 80. How long it can go up without a correction?
I don’t really trade Forex, unless something catches my attention. USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while, Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2. It doesn’t mean it will but according to my analisys, most of the...