Technically the pair has completed or about to complete the correction.
This company is burning cash and will continue burning for years. IF a recession hit USA the stock price of this market will be ZERO. It will not attract even a single ad buyer and burning cash will double
It is just an outlook. Comment your idea
This stock both fundamentally or technically is undervalued
Technically it might have completed correction and will rise its price - Comparing Alibaba and Amazon: Alibaba make twice than Amazon. Looking 5 years in the future, Alibaba has more opportunities than Amazon and now Amazon market-cap is about 1.5 times of Alibaba.
I have noticed a lot patterns like this. Over 95% of them worked. You can expect and count on it. . . Disclaimer: Nothing Guaranteed
It has made double-top and it has finished impulse wave. I am looking a corrective pattern before I sell
We are in a very big corrective pattern. It will fall in short-term. I am watching this pair carefully for short
The way that I count the waves, tells me that it has finished 5th wave and should fall. Eur is overall overvalued. Euro zone economy is not better than 5 or 6 months ago.
Now we are in corrective pattern to upside. Three small corrective is going to finish and we may not get 5 wave correction. Trade your own idea
Three bigger waves and its 3rd wave as five small waves (like triangle pattern) have finished. I am expecting this pair to fall. --Trade your own idea
Politically: After a long period of time, politicians battles are almost finished. Expectation is one of the reasons that a market moves. EURUSD strengthened just because people expected a better euro after French election and weak USD because of Trump-Russian, Trump-China and many other Trump issues. Now it is proved that Trump alone cannot change the world and...
Nowadays market movements all are about politics, not economy. Fundamentally the USD should had been strengthening because of interest rates hike but, didn't. The reasons are politics and expectations. The currency market is a very great place to see how the politicians are behaving, people can respond very quickly on the most liquid market in the world. Trump's...
It maybe a very fast move and I am expecting this pair to drop at least 500 pips. Take a look at short-term chart update below