SL: 1.26346(please let this be based on your acct management) EP: 1.26065 TP: 1.24888 No confirmation in the small TF no entry
The market is currently testing the current Daily 0.618 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
It swept a Daily low and currently in support zone, would be logical place to bounce here if Bitcoin allows. This flush on alts is a bit overly dramatic...
Currencies play a pivotal role in the trading game, as in importers from China. They buy goods from US and pay in USD , therefore if the CNH is depreciating 2013, that means their costs will get higher. In 2013, 6 yuan equal to 1 USD , fast forward 11 years later, it is now 7.3 yuan to 1 USD. That is almost 11.8% depreciation on a YOY basis for the last 11 years. Someone has to bear the costs and it is naturally the final ends of the straw, from wholesalers to retailers to final consumers....... Some supporting article :https://www.msn.com/en-ph/money/economy/china-s-exports-slow-imports-decline-in-november/ar-AA1vHpLN Will I trade this pair? Very unlikely as there were no historical data to show it will breaks above the current 7.3 price level. If it does and as predicted by analysts that it will goes to 8, then the risk reward ratio is very good. Please DYODD
Take time to read it and let me know what you think. OG
Folks we are in a bull market , we are going higher. The trend is intact and you should buy safe at these levels since I strongly believe that next bear market lows would be around 80 cents to 1 dollar. You just have to be patient, enjoy the ride.
I was somewhat wrong on the direction yesterday but intraday levels worked great. TBH, I was not sure about the direction of move yesterday. I said that it does look bearish and if it goes up first, could see the sell down lower. And it nicely hit 1.0513, sold down to 1.0468 level for 45pips, which I said could be a bounce point and well it did bounce back to OP for 25pips but eventually sold down to lows on FOMC. What's next for today? Similar to indices, very bearish daily candle. One could expect further downside but price is now back to a support zone. I expect a move up to 1.0440 before sellers will appear. If EURUSD could reclaim 1.044 on daily, I see that as low is in and should see further upside going forward.
FX:HKG33 Hello everyone! Do you see what I see? https://www.tradingview.com/x/6IhsBtMN/ Haiya! not sure if the overnight fed news probably injected more booze; the Index seems continues to hangover and not gonna sober anytime soon. 4h chart https://www.tradingview.com/x/vBvPHr7f/ Price movement - Bearish MACD Signal indicator : Bearish D chart https://www.tradingview.com/x/GqICI1pH/ no sign for bullish, the reversal seems not happening that soon. To gain some pocket money, from chart we do not go against the trend. Same old strategy - sell into resistance today. Be cautious if the reversal happens this week, tomorrow is the end of the week. As of writing, the index loss around 250++pips ; down around 1.45% this week. See W chart: https://www.tradingview.com/x/uvE9tW8L/ Happy trading everyone and the Santa actually is there always, you can long/short for the ? ?. Let's be cautious to protect our capital unconditionally while monitoring the movement let's Zen with ? & ?!
Technical Analysis of Moving average stocks (19/Dec/2024) follow us for more updates and information message us for any stocks related information.
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