AUDCHF is approaching multi year resistance levels at around 0.77 and trendline resistance points from this year. Might be a good technical short, SLs .783 targeting .742 for roughly 300 pips
Bonds usually bounce after huge sell offs before continuing to sell off. 2013 multi week sell off had mid week bounces to roughly 50% of previous week's range. good spot to buy some longer dated calls (dec?) at 126'235 for a bounce next week to around high 127s or low 128s+. RSI lowest in years, closed 4 days outside lower BB, very oversold. good...
BIS manipulation might take this down as the 4th wave to the supporting trendline. Gold buying season in Asia, US elections, geopolitical uncertainty, euro bank risks might take gold from 4th wave end to 5th wave up to 1440ish.
GNW has had consistently bad earnings since 2014 until about Q1 of this year where the distressed financial company posted profits and shedding of toxic assets. MACD bullish divergence, Ichimoku crossed above kumo on the daily chart, we might see a turn around and long term climb to 6+. Keep in mind this is a fortune 500 company trading for $3.
soybeans and many other ags have rallied after dumping on the crop report and is possibly making a trend reversal after months of bearish action. I'm looking to pick up a long on a healthy pullback.
After this massive run in oil we are beginning to see bearish divergence on the 1 and 4 hr MACD and momentum as well as price action making a double top around 46.76. Can see a pullback to 44 or lower before resuming uptrend or more downwards momentum towards the high 30s if we break support.
EURUSD is close to an important point at the resistance trendline. If it bounces off and down, we might see a down move to the lows of the daily chart support levels. If it bounces off the daily lows and heads back up, we will get wave 5 to the daily highs. If it breaks the support, the weekly chart would be a huge bear flag correction structure and we will get...
corn sell off has decelerated, and has been in bottom consolidation... can we get a upwards move soon?
EURAUD good risk rewards trade off last weeks spike low price. target the middle of the daily price structure tp1, highs tp2, new daily highs tp3
corn at daily double bottom, long off this support level or short on a breakdown
XAUUSD / GOLD bounced off the trendline support and resumes climb upwards to 1400+ . Expecting pullback at 1400 to 1375ish, eventual move to 1450 within the year
USDCAD at major double top on the daily, and still within a wedge channel. Either long the breakout of the double top or short the bounce off of the double top resistance.
EURAUD at major support level with lots of bid support, good risk reward ratio, target 1.5+ SL 1.44
USDJPY is at multiyear low support 105.5~ long here, SL 105.3, upside can be more than 500 pips
GNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held...
LONG USDCHF off of ascending wedge/ bull flag break, momentum turning to the upside and good weekly support at 0.965ish