EURNZD Quarterly outlookEURNZD outlook for the rest of the quarter. Eliminating swing trades focusing on taking one side on the yearly trend style of analysis. Within trading I advocate for looking at trading from a much longer term view and playing day to day trades within the larger trends to capture maximum pips and lowering risk by locking in pips and not dollars.
Quarterly
TNX - 10 YR T-Note Yield - Overblown?This thing is way ahead of where quarterly money flows suggest it should be - I think it will pull back and consolidate 1.10 - 1.150 range. Also looks to be exhibiting the same post-crisis recovery that it followed after the GFC. I'm pretty sure all of these anti-fed pumpers were out there barking about it back then as well.
Also, Bitcoin (all cryptos) still look like crud, barely hanging on minus over 30% and still tired.
Stocks looking real good in terms of quarterly money flows. This recent pull back looks like profit taking to me (maybe another 5% down and reverse but I think we are near the end of the correction. Oil also holding up and actually creeping higher, suggesting demand remains (for now); again, we know that the American consumer IN 2007 - FIFTEEN YEARS AGO - was able to support $100+ / barrel oil. Today we are tickling $86 / barrel.
Fear sells. Listen to the data.
God Bless.
#GoChiefs!
#BA [Boeing Company] [W1] A Breakout or?NYSE:BA Has recently tested the weekly demand zone around 212. The stock been in a downtrend since March 21. Having looked at the broken descending channel, do you think we are having a breakout? Next few weeks will tell. Price last week has reacted to the lower wedge of the main channel that was created back in May 20 and the very long respected wedge that been extended since July 2007. This is a significant zone for this stock to react to the upside targetting a price around 290 : 300.
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#AHMEDMESBAH
$SPX #SPX500 [D1] Is targetting 5000TVC:SPX Trend's is solid and has just broke through a minor resistance. A retest back to 4644 is applicable to make its way to next target around 4730. Where we should see some slowness or even a decent correction. Any close above 4741 is a buy to target next level +4900.
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#AHMEDMESBAH
$DISH Is Approaching a significant ZoneNASDAQ:DISH Is approaching a very important crossroad. Watch out from November!
#AHMEDMESBAH
CADCHF Forming Double Bottoms at all time lows.Higher Time Frames shaping up for a possible long position.
> Quarterly chart has hammer reversal inside bar at all time lows
> Monthly deceleration, bullish macd
> Weekly forming double bottom. Waiting to see some deceleration/ candle reversals. Forming bull macd.
> Daily about to hit recent all time lows. Will wait and look for deceleration, price action ( mini double bottom, false breakout to downside then bullish momentum, ..ect), and candle reversals.
> Target 1 - Weekly 0.618 Fibonacci. Also is 0.618 Fibonacci extension.
> Target 2 - Daily/Weekly recent highs & resistance zone.
At this point price can continue lower with the bearish trend, but has potential for bullish run if the right conditions form as stated above. Also Weekly price could breakdown lower then recent lows, decelerate and reverse to the upside, forming a quarterly low-test for Q3.