Ford stock is undervalued and now at strong support we will see bullish movements in the next few days
Hackers took control of the Saudi Law Conference’s social media account on X, using it to impersonate Crown Prince Mohammed bin Salman and promote fraudulent cryptocurrencies.
- AXP reversed from the support zone - Likely to rise to the resistance level 315.40. AXP recently reversed up with the daily Doji from the support zone between the pivotal support level 302.72 (former strong resistance from December and January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from October. This support zone was further strengthened by the support trendline of the daily up channel from August. Given the clear daily uptrend, AXP can be expected to rise in the active impulse wave 5 to the next resistance level 315.40.
GBP/USD IDEA 4H CHART Reason to revers: 1. OTE 0.79 Level 2. FVG - 1D FVG 3. 1D CHoCH 4. 4H BOS 5. Liquidity Swing Decreasing 6. OB - Supply Zone
If we look at the daily chart (chart below), we clearly see that the GBPAUD pair has a stable bullish (Bull) technical aspect, respecting its dynamic supports (blue zones) at all times. --> To see the technical detail, we will analyze the chart above which is in H1 time frame. Since February 13, when the overbought appeared in the oscillator and the MOMENTUM turned bearish (Bear), the price did not stop falling reaching the Fibonacci zone of 61.8% (1.97565). Once that key zone was reached, and respected, the price began to gain bullish strength (Bull) until today. It is currently in a key zone, which if surpassed, will go directly to attack its previous highs in the 1.99450 area --> What risks do we face? High-impact news that will affect both the AUD (at 4:30) and the GBP (at 8:00) Here are the high-impact news that will be released this morning and the time: 04:30 AUD RBA Monetary Policy Statement Report 04:30 AUD RBA Interest Rate Statement Report 04:30 AUD RBA Interest Rate Decision Forecast (4.1%) Previous (4.35%) 05:30 AUD RBA Press Conference Speech 08:00 GBP Change in Employment (Dec.) 08:00 GBP Change in Jobless Claims (Jan.) 08:00 GBP ILO Unemployment Rate (Dec.) 10:30 GBP Speech by BoE Governor Andrew Cuomo Bailey --------------------------------------------------------- If our investor profile is CONSERVATIVE, we will have to wait until 8:00 for all the news that affect both the AUD and the GBP to be published. But if our profile is AGGRESSIVE, we can use the following strategy: ENTRY: We will open 2 long positions if the price exceeds 1.98900 POSITION 1 (TP1): We close the first position in the 2.00550 zone (165 pips) --> Stop Loss at 1.97600 (127 pips). --> Ratio (1:3) POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-127 pips) (coinciding with the 1.97600 of position 1). --> We change the dynamic Stop Loss to ( -20 pips ) when the price reaches TP1 ( 2.00550 ). ------------------------------------------- SET UP EXPLANATIONS *** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss. -->Example: IF the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% on increases, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
- Alibaba broke daily up channel - Likely to rise to the resistance level 130.00 Alibaba Group recently broke the resistance trendline of the narrow up channel from January – which accelerated the active impulse wave 5. The breakout of this up channel was preceded by the breakout of the key resistance level 117.60 (former multi-month high from October). The active impulse wave 5 belongs to the sharp intermediate impulse wave (C) – enclosed by the aforementioned up channel. Alibaba Group can be expected to rise in the active impulse waves 5 and (C) to the next resistance level 130.00.
BTCUSD – Key Target Approaching Bitcoin has been showing signs of weakness after a sharp rejection from recent highs. Price is now hovering around a key level, and with the current market structure, there's potential for a further dip toward $95,579 before the deadline. Key Factors: Market sentiment is cautious after recent volatility. Some profit-taking could be in play after the latest rally. If momentum picks up, this level could act as a target before any potential reversal.
Wait for the price to reach 18,000. Then look for buy opportunities. ?
I’m not a psychic, just one of the best technicians out there ? I wish I had an account like me to follow in 2017 ?
AU200AUD - 24h expiry Trend line support is located at 8500. Further upside is expected although we prefer to buy into dips close to the 8500 level. A move through 8550 will confirm the bullish momentum. The measured move target is 8675. Short term RSI has turned positive. We look to Buy at 8500 (stop at 8440) Our profit targets will be 8660 and 8675 Resistance: 8550 / 8600 / 8675 Support: 8525 / 8500 / 8450 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.