Gold at full extensionAnalysis: Gold on its Fibonacci extension has reached full exhaustion. Currently sitting around its physcological level 1490, this too being the 23.6% Fib Retracement level. This too being the long-term outlook currently.
Massive in terms of gaining understanding of golden levels. If one does not understand certain importance around key levels, then one will never gain full depth in their trading decisions.
Technicals
UAVS - Buyers in Market - MA Retest Can It BreakOut?AgEagle Aerial Systems, Inc. engages in the provision design, distribution, and support of unmanned aerial vehicle data acquisition drones for precision agriculture industry. Its products include RX-48 and RX-60. The company was founded by Bret Chilcott in 2010 and is headquartered in Neodesha, KS.
SHORT INTEREST
181.38K 09/13/19
P/E Current
-1.24
P/E Ratio (with extraordinary items)
-1.91
Long potential setup GBPCADOn the 4hr chart the GBPCAD established a low in the 1.59600 zone.
Price moved from this area to make a high in the 1.66800 zone.
Since 20 September 2019 price dropped over 360pips from the 1.66800 zone,
just to meet support in a zone which was formed on 23 August 2019.
All of the above now provides a good landscape to consider long entries on the #GBPCAD.
OUTLOOK AS FOLLOWS:
FUNDAMENTAL: #Brexit seems to be in the process of feeding through potential positive news after the PM suffered yet another legislative defeat.
PRICE: #GBPCAD price is now poised to move from the 1.63900 zone to the 1.67000 zone, that is over 310 potential pips! as a minimum....
TECHNICAL: #Ichimoku Tenkan and Kijun - sen crossed to the north on the 15 minute time frame.
ENTRY: In the 1.63600 – 1.63300 area
STOP LOSS: 30-50 pips
RISK: 1-1.5% of equity
EXIT: 1.6680 or apply trailing stop of 50 pips
Remember, anything can happen, and it usually does.
EURUSD Triangular SqueezeStructure: Technical Triangular Squeeze
Tendency: Downward
Fundamental Analysis: With EURO looking to ease as well as a potential for the trade war to move forth potentially further than 2020, this pair is at odds to move indifferently between the two currencies.
Telegram: t.me
Gold H4 ConsolidationHigher Timeframe Tendency: Sideways
Current Players: Bulls
Analysis: Market is slowly retracing and gaining strength to the upside, could this be interlinked with lower GDP values for the US being priced in? Or can this be for the fact the market is expecting something much greater, such as an interest rate cut?
Telegram for Setups: t.me
Only two more days!Look at the triangles. I have drawn two.
The first is a symmetrical. About a week ago, I posted a chart with both of these triangles, but I had drawn the top line too low. I soon realized that there was another top line the market was respecting more. I have re-drawn this. You can see we have respected this line six days in a row! In fact, we are running out of room inside this triangle. By Friday, we should know which direction we'll go. Probability suggest we will pop up. If that is the case, we should continue an upwards trend to around 15k by the end of the year.
The second triangle is descending. There is a chance we go down out of the first symmetrical triangle. If this is the case, we would hit the floor of the second triangle around $9300 before further decision as to which way we continue. The market will then have another (2) two weeks or so to decide what it want to do.
Even if we did drop out of the first and the second triangle, I don't imagine we'll go much below the 200 day in red rising up. Maybe a touch of $8000 and then "go"!
Again, in my view, everything is looking positive for 15k sometime before the end of the year but remains neutral for now.
Good luck and happy trading!
NH - Above the MA's Trend Could StartNantHealth, Inc. operates as an evidence-based, personalized healthcare company, which provides treatment for critical diseases such as cancer. It is based on personalized healthcare approach that integrates novel diagnostics with large scale, biometric and phenotypic data to track patient outcomes and deliver precision medicine. The company was founded by Patrick Soon-Shiong in July 2010 and is headquartered in Culver City, CA.
SHORT INTEREST
1.4M 08/30/19
P/E Current
-0.45
P/E Ratio (with extraordinary items)
-0.48
Average Recommendation: BUY
Average Target Price:
XAU/USD STILL SELL!XAU/USD has formed a double top! if 1525 and 1530 hold then the weekly support of 1450 will be hit long term. Yield curve and U.S. market has caused price to fluctuate but the bank's are still gold fixing at a lower rate. China has purposed restrictions on gold imports, thus, a need for more banks and institutions to buy more gold. Institutions will not buy at a premium and price should hit 1450, and then long term 1540.
Bitcoin vs US Dollar, via 4-HourThis pair has broken July 28th's ascending trend line after being rejected by an area of supply. Price then bounced off the 11405 psychological level before continuing lower to the 9663 support. There has been a rejection of that support level and price is heading towards an area of supply. Right now, we see a potential bear flag. Let's see if it can reach that .50 Fib level and form a reversal candlestick pattern.
Netflix Short OpportunityMFI reads highly oversold, indicating a reversal in the downward trend
Expect resistance at either the pink line ~$332 or the TD line ~$328. (Green arrow ends at TD line)
Once price is rejected by resistance, we should see NFLX find support at the yellow line ~$313.
Trend could continue downward but there is strong support from the Ichimoku Cloud that could keep price up
Possible long to fill the horrendous gap it just created after support is tested.
ADA Still in rangeThis is a continued Idea off ADAs range play. We are looking for a .08 buy in zone. Lets see how it goes. We have surpassed the 2 month development and just entered into Q3 with a LOW...I am looking for a 2 week rise with a mid Q3 pullback and a finishing rise for the end of Q3 somewhere into the fall. Please view all of the old ADA posts if you are a new follower and please like, share, and comment!!
USD/CAD Outlook (26th June 2019)
An Insurance Fed Rate Cut?
USD/CAD broke key level
Price Movement
Since yesterday, USD/CAD has been moving indecisively within a 60pips range.
Trend
USD/CAD is trending downwards.
Important Issue
Yesterday during an interview with Bloomberg, Federal Reserve Bank of St. Louis President James Bullard highlighted that an insurance Fed rate cut now may be necessary as inflation target has been running below target.
He also mentioned that a 50 basis point (0.50%) rate cut would be “overdone” whereas a 25 basis point (0.25%) rate cut seems more appropriate.
Technical
This morning, USD/CAD tested and broke the 1.32 key level downwards.
Price Levels
Current Price: 1.31606
Next Resistance: 1.3260
Next Support: 1.31200
BTC Update! Bulls continue to march along!Wow. Impressive move by the bulls here since we watched down around $8000 for resistance to clear and create the bull break out. Last night BTC reached just shy of $9400 for a solid 15%+ gain in a few days. I personally have now scaled out of about 30% of my BTC position and remainder is riding the higher lows off 4 hour chart as stop losses. Also keeping a watch on daily 12 EMA. This has served extremely well for BTC with it offering great support initially and once we lost the support we saw the solid pullback to then see it serve as resistance. We finally broke that just over $8000 to get back above the 12 EMA and it again gave support. Yesterdays move pushed BTC well above the 12 EMA so we may see some slowing by the bulls to allow the EMA to catch up to price action. Also was watching from last post the alt coins begin to struggle which in my opinion would only help BTC and thus far it has. Many alts are now back to moving upwards which will pull some market from BTC but overall BTC is where traders have wanted to be for the past week. Impressive gains and following technicals beautifully.
Just My 2 Sats!
NZD/CAD Forecast, via Daily chartPrice was rejected twice from the 0.91---/0.92--- supply level. Price then broke below the 0.891-- structure. Price was rejected by that 0.872-- demand level, and is now sitting at that level. Let's see if it'll be rejected by that demand level pushing up and breaking that 3 month descending trend line.