USD/JPY is a recommended BUY — Ascending triangle breakout(if price breaks below triangle pattern — pattern is invalid) —1hr timeframe Overlays - Trend line — 134.388 - Fibonacci Level 61.8% — 133.681 - Fibonacci Level 50% — 133.434 - MA30 level — 134.106 - MA60 level — 133.836 (perfect pullback to triangle support level) Sub...
USD/CHF is a recommended BUY - Current price is in a short term uptrend and looks to be in a pullback phase. During a pullback in a uptrend this is a golden opportunity for late buyers to get in and open a long(buy) position. Below I have pullback levels I would enter a trade in different trading styles: Overlays - Short term uptrend line — 0.98000 -...
Short-term rally was short lived and I think we should brace ourselves for some downside pressure. Numerous amount of signals for multiple short positions.
Entry: 4165, Stop loss: 4185, Take Profit: 4105 ( conservative ) 4080 ( radical ) If you're trading index futures I would be cautious of where to put your monies. I'm bearish for many reasons: - Increasing inflation, continued economic growth while feds are trying to put the flames out of the overheated economy, increasing interest rates to lower consumer and...
Amazon has an upcoming stock split of 20:1 bringing the that unaffordable to retailer investor and traders price of $2247 to about $120 - $125. Which is much much more attractive. If you didn't know it should take place on Monday June 6. AMZN has been in a downtrend since November 2021 with a short-term uptrend since May 24. AMZN recently broke short term and...
S&P500 Chart ( U.S benchmark Index; expresses how 500 large U.S companies are performing) Bullish: $4800 — Bearish $3400 (Based on some analyst, economist and wealth strategist) Where the fundamentals and technicals make sense. The Good but Bad news Employment change and jobless claims rates announced today is the “good but bad news”. The economy slightly...
GAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis. . . EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020...