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$IXIC $NQ1! $QQQ Nasdaq Challenging Key Monthly ResistanceIn a similar fashion to its $DJI brethren, the $IXIC is trying to break out of its "Channel" formation in an effort to move higher. Given this move, the $IXIC is trying to make a run for 7,879 - a Key Monthly Resistance Level (Blue) for the index. One thing to lend support for the $IXIC to move higher, is the fact that its RSI is showing positive divergence with current price action. Nonetheless, for the $IXIC to continue pressing forward, if the RSI can break above its red downward trend line, it would further strengthen the $IXIC upward trend. If the $IXIC can successfully "Breach and Close" above 7,879, it would be a good sign for the market.
CME_MINI:NQ1!Long
by EconomicsGlobal
BTCUSD - Key-Levels to watch before break-out! _______________________________________________________________________________________________________________________________________ Hello traders investors and community, today i will have a closer look on Bitcoins price action. We are looking on the 4-hour chart. _______________________________________________________________________________________________________________________________________ As you can see in my chart, BTCUSD is consolidating in a triangle. The consolidation is holding quite long now, normally after such period a break-out will oc- cur, either up or down. In this case the bullish break-out scenario is highly possible. _______________________________________________________________________________________________________________________________________ BTCUSD is trading at around 10600 now after a decent up-move we see a small consolidation. In my chart you can see the support between 9930 - 10100, this is a very important zone for BTCUSD because we bounced there several times in the last days and weeks. It is also an psychological price level, as full numbers like 9000, 10000, 11000 and so on form important price levels for support or resistance. _______________________________________________________________________________________________________________________________________ I am expecting a correction to the range at 9930 - 10100 before an break-out and uphtrust will occur. You can see the upthrust range at 11000 USD, this is the level very many stop-loss will be hit when triggered and a shift up in price-movement. _______________________________________________________________________________________________________________________________________ The correction will be a good spot to open a LONG position, i myself just looking for an entry there. The total first target for this trade will be 12500 - 12750 _______________________________________________________________________________________________________________________________________ Hopefully everybody is doing well with his trades! May all luck come to you friends! I appreciate everybody who takes some seconds to support, more insight will follow! This is only educational information and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________
BITFINEX:BTCUSDLong
by VincePrince
36
$WTICOUSD $USO - Approaching Key Resistance LevelAfter bouncing off its Weekly Support Level of $52.422, WTICOUSD is making a run for its key resistance level of $57.14 (Red Diagonal Line). A "Break and a Close" above this level will help to provide confidence for the commodity among global investors. However, WTICOUSD continues to make lower highs within a downward trend. The next move at this level will be key for determining the next direction for WTICOUSD over the coming sessions.
OANDA:WTICOUSD
by EconomicsGlobal
1
$DXY $UUP - Movin' on $UUPWith economic uncertainty continuing to grip the financial markets, the US Dollar continues to be in play. As global investors flock to US assets, both stocks and bonds, in search of above average returns and safety, the US Dollar continues to strengthen against its G10 and EM counterparts. As this trend continues, a key level to watch for the Greenback is its Weekly Resistance Level of $98.19 (Orange). If the US Dollar can breach this level, we expect the Greenback to move higher.
TVC:DXYLong
by EconomicsGlobal
$US10Y $US03MY $SPY $SPX $DIA $QQQ Inversion ContinuesAs investors continue to feel nervous about the health of the global economy, the $US10Y-$US03MY curve continues to invert, with the spread plunging below its Monthly Support Level of -0.457 (blue) to reach -0.502, a level that has not been seen since March 2007. Investors should continue to remain cautious when it comes to their asset allocation, as dark clouds continue to gather over the global economy and financial markets.
TVC:US10Y
by EconomicsGlobal
$WTICOUSD $USO Oil Approaching Key SupportWTICOUSD continues to be pummeled by global macro headwinds. such as a slowing global economy, decreasing global demand, and the ratcheting up in trade rhetoric between the US and China. Given this setup, WTICOUSD is trending downward towards its key Weekly Support Level of $52.422. WTICOUSD has seen steady rallies from this point in the past, however, given the current macro headwinds, this time could be different. Keep an eye on prices around this level. If WTICOUSD breaks its Weekly Support Level $52.422, we could see prices going much lower.
OANDA:WTICOUSDShort
by EconomicsGlobal
The world is on the brink of a recession & the US back-pedaledFinancial markets faced a sharp surge in concern. The Fear Index (VIX) soared (+30%). The Argentine Peso lost the same amount of its value yesterday. It is all about the populists in Argentina. Well, it is quite interesting how many times you need to fail again and again to understand one thing - that is a bad idea. Tsipras and Greece again on the brink of default. Chavez and Venezuela. Johnson and the UK leave the EU. Trump and the USA wage war against the whole world. Government of change in Italy and yellow vests in France, etc. - The list could be made even longer. But there is only one common denominator - the populists and the consequences that the country's economy pays for. Therefore, the financial markets reaction to the news from Argentina is understandable. We know how this is going to end., preferring to discount in advance. Not surprisingly, gold prices soared. Despite such a rapid asset value growth, we were waiting for a correction in gold this week, just needed a reason To. Trump delays China duties. The duties delayed until Dec. 15. This is without a doubt a serious conciliatory step on the part of the United States. So, sales of gold today, in our opinion, are more than appropriate. Returning to the world economy issue, triggered by a trade war. Singapore's GDP growth for 2019 to come in at 2% to 0.5%. The economy of Singapore, with its specifics, is almost ideally fit to be an early indicator of the world economy state. So the signal we have is alarming. Take for example yesterday’s data from the EU. The ZEW Institute's expectations index in August fell to minus 43.6 points. This is almost two times worse than the July value (minus 20.3) the lowest mark since 2011. We continue to expect a decline in the dollar value. Logically, dollar devaluation is the only thing that could save the US economy from recessionary processes and keep Trump. So we recommend looking for points to sell the dollar. First of all, we recommend selling it against the British pound, which yesterday unexpectedly received support from the UK labor market data: employment in June grew by + 115K (expected plus 60 K). About the macroeconomic data, the block of inflation statistics from the UK will be published today. As well as GDP in the Eurozone.
FX:XAUUSDShort
by Trade24Fx
1
$SPY - S&P 500 Bull Flag Forming?The S&P 500 was hit hard this week after macro headwinds such as the less than dovish Fed meeting, and more China tariffs, the $SPY has taken a beating over the last few trading days. However, despite this short-term rough path, it appears that a "Bull Flag" ("Flag") seems to be forming at the moment. If prices can bounce off the bottom of the Flag at $288, move higher, and breach $302,the rally would continue. If it fails to do so, more selling could be right around the corner. Investors should watch this space.
AMEX:SPYLong
by EconomicsGlobal
4
QQQ -Nasdaq Bull Flag forming?After a volatile week, $QQQ has been hit by some short-term selling pressure. This in turn, has made its technical patterns look quite bearish at the moment. However contrary to this, it may appear that a "Bullish Flag" pattern may be forming. If the price can bounce of the bottom of the channel pattern ("Flag") at $186.31, move higher and breach the top of the Flag at $192.89, we could see prices move higher. If it fails to do so however, we could see more selling. Watch this space over the next few trading sessions.
NASDAQ:QQQLong
by EconomicsGlobal
$IEF Bond Rally FadingDespite the market chatter of rate cuts by the Fed at the end of July, it seems that one area of the market that is not paying much attention are US 10-Year Treasuries ($IEF as a proxy). After posting an "Evening Star" pattern on July 3rd, US Treasuries have been selling off since. As can be seen in the attached chart, the RSI has been showing negative divergence in relation to recent price rises, indicating that investor sentiment is fading, despite prices marching to record highs. Furthermore, the price is fighting hard to stay within the FR100 at $110.40, indicating that it could fall out of this area any day now. Going forward, it appears that the rally in US 10-Year Treasuries is fading, and caution investors to take heed in this space
NASDAQ:IEFShort
by EconomicsGlobal
GBPCAD - Attractive LevelsThe pair is standing near the price level (1.6360) and hit the low for the week of October 2017. Tomorrow all traders are waiting the strong data for the both CAD & GBP and we can expect more new low near the level 1.6060. My view per to the both Daily & Weekly Charts this is a good area to start the long buy GBP/CAD because the Weekly Chart should go up again and mark up a resistance near the level price (1.6850) then can continue going down again. To find more about my trading plan includes the entries and targets, please visit the page (Markets Forecast) on the site (NAJJAR INVEST)
Long
by SHARIEFNAJJAR
$XAR - Clear for TakeoffOne area investors and traders should take a look at is the Aerospace and Defense industry ($XAR as proxy), which is currently the best performing industry year-to-date (as of July 5th), generating 28.59%. On a technical basis, $XAR is trading above all three EMAs, indicating strong price action at the moment. Further, its RSI as been steadily trending higher since the end of June, indicating strong market sentiment in this industry. Further, on a global macro basis, the industry has been helped by a rise in geopolitical tensions around the globe, with the most recent being tensions in the Middle East between Iran and Western powers. If this trend continues, $XAR could hit $107.81 in a few weeks.
AMEX:XARLong
by EconomicsGlobal
3