The bad scenario for the $DAX
If this ship is going down, it will have a long way to the bottom. #DAX * All ideas expressed here are my personal opinion and no trading advice.
Posts
Can $USDSGD jump from support?
Another bullish case for the $dollar. Let's see how this one plays out *All ideas presented here are my personal opinions and not investment advice.
Buying opportunity in $USDJPY
Everyone was crying intervention this week when $USDJPY popped. The chart gives me an alternative reason. * All ideas expressed are my personal opinions and not investment advice.
$Silver bulls in charge
$XAGUSD managed to squeeze its head above the weekly downtrend. That is bullish price action and suggests continuation. * Ideas expressed here are just my personal opinions and no investment advice.
Dow at resistance
I am watching the price action in the dow for short opportunities. There is a lot of trendline confluence here, a nice spot for the market to form a top. #DJIA #Dow * Ideas expressed here are just my opinions and certainly no investment advice.
$USDCHF battling for direction
The bullish breakout of recent months in $USDCHF has lost steam and clarity, but the long-term picture is still intact. Here the monthly chart: Zooming in to the weekly timeframe we see that the initial explosive up move has flattened out and actually built up bearish momentum. Short-term I expect some more pressure on this pair until bulls and bears face each other around 0.95 - 0.96. * Ideas expressed here are just my opinions and certainly no investment advice.
A couple of charts: Brent Crude, S&P500, AUDNZD
$CB , Brent Crude Oil: Brent has broken out on a weekly basis, but is running into resistance. I think it's due for a pullback, which might open up a nice opportunity for a bullish trade. $SPX500, S&P 500: On a weekly basis, the S&P is in a shallow downtrend. Daily, I think it is overstretched to the upside and ready to give back some of the strong recovery rally. So you might as well hedge your long exposure. $AUDNZD: This currency pair has been massively bullish lately. I think it can end up running to above 1.15 and even up to above 1.20 to test the trendlines shown in the charts. Hopefully, a pullback will present an opportunity to jump in on a long trade first. * All you read here is just my opinion and certainly not investment advice.