Hey guys! Which Direction do you think Azul Airline will go? My idea is that Azul will give a short reversal to the support lines before finally cutting through and heading up further into the $30, then possibly doing another reversal or consolidation before traveling higher to the $35. Tell me what you think. I appreciate all the feedback.
This is my idea about (RYCEY) Rolls-Royce, please comment and tell me what you think. Hey and don't forget to like if you believe RYCEY will move in the direction I think it will. Thanks guys!
I think we could see GTT Communications move in multiple directions but today I give you 2 of my Idea's. #1 over the past 2 weeks GTT has retraced itself and has possibly created an opportunity for it to move forward into the mid $2's or low $3's. #2 GTT might not be finished with it's downward retracement and could possibly push down into the mid $1's before...
Looking at the AUD/NZD there's a possible short opportunity that we can catch. The currency pair has formed a double top and even though it's still pushing up in price, it's very close to September and Octobers resistance levels. If it manages to break through it would still have to contend with the weekly resistance levels of October 2018 which range from 1.086...
On the chart I've marked up a few trend lines to show that the market was consolidating as of last Friday. It is my belief that we will see a breakout in either direction but I'm more incline to take my trade as short and will enter the trade @ 1.09396
For this particular idea I'm going with NZD/JPY for a long-term Buy position. If you take a look at your daily, weekly or even the monthly charts you can tell the the market hasn't been this low since its Jan 19" then quickly made its way back up north to gain at least 600+ pips; the closest time frame to 2019 drop is seen in 2016 or 2 - 3 years away from this...
If you look at your weekly chart you can see that in the past this currency pair has only reached the 1.02 - 1.03349 range about 5 times in 7 years and if we go off of the historical data you'll see the trend of the rise and fall of this currency pair between the higher highs and the lows of 0.99 price range. I believe we're going to see one hell of a melt down...
EUR/USD is currently in decline and with the recent U.S data showing growth for the economy it's sent the currency pair further into a downward trend. Looking closely at the daily charts and historical data we see a good bit of retracement with the pair, so it's my belief that we'll soon see a shift from bearish to short-term bullish up to the 1.119 to 1.12 price...