dchua1969

dchua1969 Updated 

I know cryptocurrency remains the hottest topic discussed in TV and many other forums. Maybe some of you have made 5,6 , 7 figures from it and having won that kind of money in a short period of time convinced you that you can do it again. I have made some and lose some in cryptocurrency , having a small % in my overall portfolio only. I have also seen many...

dchua1969 Updated 

Not just the US indices but worldwide is watching President Donald Trump tweet closely this few days. He would tweet if the signing of Phase 1 agreement is done or he is going to impose the tariff on China for additional 160 billion worth of goods. He has less than 12 months to go before his re-election and he knows jolly well the importance of propping up the...

dchua1969 Updated 

www.caixinglobal.com Billions of dollars will start to flow into this index , allowing more foreign investors to participate in it. This is good news for all as news of China opening up its capital market is moving in leaps and bounds. Some of us may missed the bottom when it was at 10,000 in 2018 but no point crying over spilt milk. If the weekly top at 14,835...

dchua1969 Updated 

1. High demand for A.I jobs : www.forbes.com 2. University clamouring after AI courses :https://www.ynetnews.com/articles/0,7340,L-5625779,00.html 3. Climate change and AI :https://www.businesswire.com/news/home/20191106005610/en/Climate-Change-Accelerating-Demand-AI-Capabilities-ABB 4. Finance and A.I...

dchua1969

Sorry guys, I know there is a video function available and it would be much easier if I could use it but too bad, my laptop is not able to do it for now. But I promise to get it fixed asap. Some followers have been asking me how do I do my analysis and read the charts. So I decide to do this as simple as I could , literally putting the thoughts in my head to...

dchua1969 Updated 

Like India, NZ central government chose to maintain the interest rates in November, causing the kiwi dollar to perk up higher against the USD. Expect some short term correction next week or so but do not increase your position size for now as the chart is still pointing on a bullish trend on the day chart.

dchua1969 Updated 

It is now at a spot where it can rebound from the support level or breakdown from here. Low can get lower so I am just waiting out to see which way the tide turns before making any decision. NOTE : the daily movement can be volatile so be prepared to ride out the rough ride if you want to participate. For peaceful sleep at night, avoid this. It is not a DO or DIE...

dchua1969 Updated 

The price action has just broke down from the symmetrical triangle (which can go either way - up or down). We do not know if this is a genuine breakdown or fake one so we have to see next week (time is of essence). It could very well play out as I draw on the chart or do a 90 degree trend reversal and go back up. It is a short term sell for now.

dchua1969 Updated 

See chart for explanation

dchua1969 Updated 

www.cnbc.com The thing about macroeconomics analysis is - it is tough to tell precisely if this news is causing the spike in oil price now. Chart wise, you can see it has met with resistance at 58.64 5 times with the last breakout unsuccessful, retreating the price back below 58.64. The next level of support is 58.08 , a great buy area before it goes higher....

dchua1969 Updated 

Price has nicely been heading south since the break down of the bullish trend line on 4 Dec till now. There seems to be support at 1.315 so this is a good place to take some partial profits, adjust SL. If the support is broken, it would be another good selling opportunity as the next target would be 1.304. All the best !

dchua1969 Updated 

See chart Firstly, you would notice that the price action has been stuck in a symmetrical triangle since early May. It did breakout on 22 Nov but not for long. It retreats back after hitting the resistance at 1.001 on 29 Nov. 2nd Dec , it has formed a strong bearish engulfing candle which takes the price all the way south to current price of 0.9877. There is a...

dchua1969 Updated 

Sunny Singapore is getting wet weather in the month of December. Lots of sales ongoing with the festive season - Christmas and year end sales. The HK protests in some ways have contributed to a fair amount of Hong Kongers moving to Singapore and even business owners parking their funds here. www.cnbc.com www.channelnewsasia.com

dchua1969 Updated 

The last 2 candles indicate a doji pattern, ie a possible trend reversal as it hit the bearish trend line (dotted line). So, it can push higher towards the next target of 1.112 before retracing. Today closing would provide a better view of next week performance if the price does close above or below 1.110 level. Watching closely.

dchua1969 Updated 

Same thing here for Citigroup. Now you can choose one of the 3 banks to buy , no need to buy all 3 as that concentration might be too heavy for a single portfolio or you aren't too sure. The bank takes money from you each year on interest and bank charges, now is the time to get back some from them, wouldn't you want that ? haha

dchua1969 Updated 

See chart

dchua1969 Updated 

See chart

dchua1969 Updated 

For GBPAUD to continue going up, then AUDUSD must come down. Let's see how it turns out this week. Again, I emphasize if you are going to long this pair , i.e. GBPAUD, then avoid shorting AUDUSD as that increases your risk exposure. Nothing is for certain in the trading market. If you get it wrong, once is enough, you do not want a double whammy. If you can...