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Coronavirus (COVID-19)

Short EURAUD - Fundamental and Technical AnalysisFundamentals: Europe is entering the winter season and fears of a second wave is on the horizon. Cases are steadily increasing. Australia is approaching the summer season after a relatively low number of covid AND flu cases in the winter season. Brexit talks this week with a gloomy outlook. Brexit shouldn't heavily affect the Euro, but it could, and the outlook seems bearish. Australia's economy hit rock bottom last month with the government announcing a budget deficit. All else equal, the budget deficit should boost the Australian economy and thus the AUD. China's economy is showing signs of a recovery. AUD is strongly positively correlated with the CNY. Conclusion: - Bearish EUR - Bullish AUD Technicals: Price was rejected at a key supply area 1.65558 Price is trading at a downtrend in the lower time frames (H1) Price is flirting with the 23.6% Fib level
Short
by Boatsnhoes
Covid US Deaths Technical Analysisidentifying patterns. can see how the mac D on total us deaths is starting to turn bearish, i can see a slowdown happen around election day @ 225000 deaths could peak a few months past into new years @ 285000 deaths before really starting to flatline the squeeze indicator is also showing slowdown in confirmed deaths. we are hitting the top of the ascending wedge, (bearish) the MACD and RSI are both turning bearish as well election and newyears big things are to come. the virus is slowing down as the data shows. I dont care what the news say theres tons of other charts, like confirmed cases and such, but I just like confirmed deaths since the case numbers are not as accurate.
D
by ToddGreen
GOLD NEW ATH OR BACK TO TREND?Gold having recently fallen 11% from its all time high (US$2075) back in August is interesting. Usually used as a Hedge during times of high volatility in the markets, gold is taking what looks to be a serious retrace after 2 years of mostly uninterrupted growth. What's interesting is that the markets across the world have become inherently more unstable due to local government restrictions and the economic fallout of Covid19. The real unknown is where to from now. The US will hit approx $3.3 trillion annual debt deficit ending September 2020 which is the largest ever recorded, and spending has no end in site. Will the US continue to dig themselves into a hole and what will this mean for the price of gold? Above are some bar patterns taken from 2010-2015. Scenario A (ORANGE): Shows increasing growth after a mild retrace after 700 days as depicted between OCT 2008- NOV 2010. Again retesting US$2075 & consolidating against Uptrend Channel Resistance, before breaking through to reach new ATHs Considering we have only seen an 81.6% rise in price over the last 2 years compared to the run of 2008-2011 (180%), it is fair to say we still have more left in the tank to test ATH territory? Especially with the 2020 US Presidential Election looming. Scenario B (BLUE): Shows support being found around a potential Equilibrium at US$1770, which also happens to be a key Fib Retracement level 0.5 (Extension form 16/03/2020 to ATH) and bouncing. Followed by a drop after the Presidential Election Results causing a range to be form between $1700-1900. Eventually breaking resistance and the Ichimoku Cloud to fall back to previous support & the long term uptrend trendline. All Hypothetical & Spec but interested to see everyones long term targets and explanations. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
OANDA:XAUUSD
by Trader_Johnni
1
GLOBAL CRASH INBOUND?As charted, everytime we see a Ichimoku CLoud break in the VIX ( Volatility S&P 500 Index ) we see a strong rally out of it. The most recent example of this is on the 13th Feb 2020. Inversely proportional to the VIX , the S&P 500 Index has massive negative price action, represented on the 21st Feb 2020. Coincidence? I think not... Since the beginning of COVID19 governments around the world have been scrambling to control there domestic economies by all means necessary. It's of no secret that there is a huge amount of Global Hyperinflation and we are starting to really feel the effects of what this virus has done. Nothing is guaranteed and we have deflected out of Ichimoku Clouds before to stabilise as represented most recently on the 31st July 2020, (Remember though that the S&P 500 still dropped close to 6%) Currently looking at price action on the S&P 500 Index entering the cloud doesn't fill me with confidence, along with the VIX ( Volatility ) shaping up to break through the cloud and destabilise the S&P 500 . This isn't just isolated to the S&P 500 Index , check out all the other Major Indexes to see the relationship. America is about to enter "Flu season" (Winter) and it has the Presidential Election coming up. This could be shaping up for a BIG ONE.... Will history repeat? These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
TVC:VIX
by Trader_Johnni
70
RidetheMacro| Pound making a correction!📍 GBPUSD is trying to correct on Thursday but the COVID-19 pandemic and Brexit put too much pressure. The British Pound remains weak against the USD on Thursday despite today’s slight attempts to correct. The current quote for the instrument is 1.275xx. The Pound remains under pressure from two very negative factors, the coronavirus, which is reviving in the United Kingdom and not going to give up, and Brexit, London’s persistent and annoying problem. The increase in the number of new coronavirus cases in the United Kingdom gives reason to believe that the second wave of the pandemic is already here. If the speed of the disease spread remains the same as today, the government may have to introduce new quarantine restrictions as early as in October. 📍 Of course, it’s awful for both the Pound and the British economy. As for Brexit, it’s getting more and more complicated as time goes by. Talks with the European Union are stuck and, in this light, the British Prime Minister Boris Johnson is very aggressive in lobbying for a bill, which will allow the United Kingdom to unilaterally abandon the performance of some articles of the agreement that was approved in January. As a matter of fact, London is trying to rewind the time but the EU, which is quite sick and tired of all problematic initiatives coming from the UK, is highly unlikely to let it happen. Most likely, The United Kingdom will once again have to ask for an extension of the transition period and that’s a serious stress for the Pound. 📍 Technical Point of View The US dollar gains on Thursday, after signs of an economic slowdown in Europe and the US as a concern of the second wave of virus infections. 📍 The Euro already gets weak by strict lockdowns reimplementing again concerns and today release of German business sentiment. 📍 Pound weakness on Strong US dollar concerns and Today speech led by UK chancellor Sunak on to protect jobs and rising COVID 19 infections. 📍 US dollar strengthens by FED raising concerns on for more financial support for the US economy, but the US Congress makes it unlikely to help such support. 📍 Fears of the second wave of coronavirus in Europe are also supported USD and Investors turned backed to healthier assets. 📍 The US dollar expects to surge in spike as second wave and FED talks on the economy is worsens if Policymakers fails to deliver stimulus measures. Until the Next time. Ridethemacro
Short
by Ridethemacro
Apple AAPLHello good afternoon receive a fraternal greeting. I'll analyze them by Apple in the medium term. MAXIMUM, 1RESISTANCE. 137.64$ 2 RESISTANCE. $110.38 .......................................... Support. $100 VERY IMPORTANT LEVEL .................................................. Possible movements these weeks blue arrows 1 rise to second resistance, 2 correction vulve to resistance, 3 reaches support 100$ does not break it. From there climbed to support, correction... --------and create 4 DOUBLE FLOOR and trend change the W----------- I hope that you and your loved ones will be well, receive a cordial greeting, from the social distance of security, thank you for your support always. BE SAFE Sincerely in Spain at 23/09/2020
NASDAQ:AAPL
by wallstreetstocks
7
RidetheMacro| USDCNH Market Commentary 2020.09.22✅ The optimistic numbers have proved that the world’s second largest economy is steadily recovering from the virus slump. Notably, the pair has already been falling for the 6th week in a row, therefore the report has just added tailwinds to the yuan. Moreover, the massive sell-off of the USD pushed the pair to the downside as well 📉. 📌 It’s impossible to ignore the US-China complicated relationship. There was some sign of improvement after the report of the successful phone call between two countries Recent weeks. China and the USA have promised to obey the phase-1 trade agreement, that encouraged investors. Nevertheless, there is still some uncertainty ahead of the election of the US president in November, which may significantly affect Sino-American relations. other side 📍 The Chinese central bank, the PBoC, kept the 1Y Loan Prime Rate at 3.85% and the 5Y Loan Prime Rate at 4.65%. The last time the central bank cut rates was in March.
Short
by Ridethemacro
GOLD Leads BTC!!!Since the COVID Crash of March 2020, It is apparent that Gold has been leading Bitcoin! - Gold leads the charge on the 19th March 2020 and was first to enter its Consolidation on 14th April 2020. - Bitcoin entered its consolidation on 7th May 2020 lagging Gold by just over 3 weeks. - Gold exits its consolidation an starts to make new All time High @ $2,074 on the 7th August 2020. - Bitcoin continues to consolidate for another 7 Days before it breaks its consolidation on the 27th June 2020. - Bitcoin makes its new High on the 18th August 2020 @ $12,472 which was 11 days After Gold made its All Time High. - Gold has just broken out of its Symmetrical Triangle and based on the previous 6 months is Bitcoin again about to follow suit? Only time will tell... Risk Management is the MOST IMPORTANT process we can understand as Investors and Traders. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!! *Prices will differ depending on Charts Used
BITSTAMP:BTCUSD
by Trader_Johnni
62
GOLD in breakout modeThe precious metal fell more than 3% in a single day yesterday after the safe haven dollar attracted investors over fear of rising corona virus cases globally. XAU/USD is stuck in a trading rage, and therefore in breakout mode. This is manifested by the formation of a triangle on the daily chart. Breakout can be in either direction, so watch out for the upper and lower boundaries of the formation. Always wait for clear confirmation before entering any trade. Target is projected by measuring the difference between the top and bottom of the triangle (2032-1863=169). Trade safe
TVC:GOLD
by RamziAbouAbdallah-CMT
USDCAD Plausible SetupAfter a heavy bearish period, USDCAD is in a prime area for longs. The US is struggling economically as a country, with presidential issues, a new presidential election, and a COVID. However, after last week and the news for CAD, I would not be surprised in weak CAD. Overall, I think CAD is going to be weak throughout all pairs, this links with the GBPCAD trade I also posted - specifically the short setup. As I always state, do not take a trade without confirmations. Do not predict what the market is going to, react to what it gives you.
Long
by a194Forex
GBPCAD Plausible setupsReact off what the market gives you, don't predict the market. These are two scenarios which could happen and how I would approach a trade if it set ups accordingly. Personally, my bias is bearish as GBP should become very week over the next few months due to fundamentals. Second wave COVID probable as well as the possibility of any negative Brexit news for the UK it is highly unlikely GBP will see a long run to my end TP for the buy scenario. Setting SL to BE will be a priority for the buy trade. I am confident if the sell setup does happen the TP - or area of TP - will be accomplished. For both setups, confirmations will need to be seen before placing any trades, this is a norm for all trades. Do not go into trades blind.
by a194Forex