🔻
🔗EUR/USD has been rising since morning, but the further rally is limited by the 200-peiod moving average at 1.2190. Elsewhere, the 50-period moving average(MA) is going to cross the 200-period MA from the top down, forming a dead cross, which signals the further falling. So, we can expect that the pair will pull back from 1.2190 and drop to the support of 1.2140 at the recent lows and the 50-day MA.
🔎Search : #eur #USD #technical_analysis
🆔 @dailyfx
🔗EUR/USD has been rising since morning, but the further rally is limited by the 200-peiod moving average at 1.2190. Elsewhere, the 50-period moving average(MA) is going to cross the 200-period MA from the top down, forming a dead cross, which signals the further falling. So, we can expect that the pair will pull back from 1.2190 and drop to the support of 1.2140 at the recent lows and the 50-day MA.
🔎Search : #eur #USD #technical_analysis
🆔 @dailyfx
🔻
🔗GBP/USD is trading in an ascending channel. It gets closer to the high of January 21 at 1.3740 which lays also at the upper line of the Bollinger Bands indicator. It’s more likely to pull back from this resistance rather than break it out as it has failed to do so a few times already. Once it crosses it, the way up to 1.3800 will be open. Support levels are at the 50- and 100-period MA of 1.3650 and 1.3625.
🔎Search : #gbp #USD #technical_analysis
🆔 @dailyfx
🔗GBP/USD is trading in an ascending channel. It gets closer to the high of January 21 at 1.3740 which lays also at the upper line of the Bollinger Bands indicator. It’s more likely to pull back from this resistance rather than break it out as it has failed to do so a few times already. Once it crosses it, the way up to 1.3800 will be open. Support levels are at the 50- and 100-period MA of 1.3650 and 1.3625.
🔎Search : #gbp #USD #technical_analysis
🆔 @dailyfx
🔻
🔗Gold is flirting with the $1 850 level. If it manages to break it down, the doors towards the 23.6% Fibonacci retracement at $1 840 will be open. On the flip side, the move above the 200-period MA of $1 870 will drive the yellow metal to the 38.2% Fibo level at $1 885.
🔎Search : #gold #USD #technical_analysis
🆔 @dailyfx
🔗Gold is flirting with the $1 850 level. If it manages to break it down, the doors towards the 23.6% Fibonacci retracement at $1 840 will be open. On the flip side, the move above the 200-period MA of $1 870 will drive the yellow metal to the 38.2% Fibo level at $1 885.
🔎Search : #gold #USD #technical_analysis
🆔 @dailyfx
🔻
🔗USD/JPY is moving down as if we look at the daily or the 4-hour chart. The downside is limited by the 200-period MA at 103.65. We would expect the pullback to the upside rather than breakout as the pair has failed to cross it many times this month. Once the yen crosses it, the way down to the next support at 103.50 will be open.
🔎Search : #jpy #USD #technical_analysis
🆔 @dailyfx
🔗USD/JPY is moving down as if we look at the daily or the 4-hour chart. The downside is limited by the 200-period MA at 103.65. We would expect the pullback to the upside rather than breakout as the pair has failed to cross it many times this month. Once the yen crosses it, the way down to the next support at 103.50 will be open.
🔎Search : #jpy #USD #technical_analysis
🆔 @dailyfx
🔻
▪️Gold: 1 875 to go, 1900 coming
🔸Two similar trends?
Do you want to play a game? Plot an equilateral channel on the H4 gold chart: its lower line starts on January 15 low (1 825) and goes through the recent low like in the image (1 850). Then, plot another one: it would start at the support of 1 825 on December 15 and go upwards pinching through the following lows as indicated. Do you see any difference between the trajectories? Their inclination is pretty much the same. Does it suggest that the gold price is in the upward trajectory and may reach 1 875 and 1 900 soon? Yes - there are fundamental reasons for gold ro rise.
In the previous uptrend, the gold price went from 1 825 to 1 900 in approximately two weeks. Therefore, If the scenario repeats, we will have gold at 1 900 by mid-February. So, if you are willing to test this hypothesis, ready to wait for a couple of weeks and your account may withstand the fluctuations on the way - you buy at current price or wait for it to go down to 1 850 (it's still probable) and set your Take Profit/Sell below 1 900.
🔎Search : #GOLD #USD #technical_analysis
🆔 @dailyfx
▪️Gold: 1 875 to go, 1900 coming
🔸Two similar trends?
Do you want to play a game? Plot an equilateral channel on the H4 gold chart: its lower line starts on January 15 low (1 825) and goes through the recent low like in the image (1 850). Then, plot another one: it would start at the support of 1 825 on December 15 and go upwards pinching through the following lows as indicated. Do you see any difference between the trajectories? Their inclination is pretty much the same. Does it suggest that the gold price is in the upward trajectory and may reach 1 875 and 1 900 soon? Yes - there are fundamental reasons for gold ro rise.
In the previous uptrend, the gold price went from 1 825 to 1 900 in approximately two weeks. Therefore, If the scenario repeats, we will have gold at 1 900 by mid-February. So, if you are willing to test this hypothesis, ready to wait for a couple of weeks and your account may withstand the fluctuations on the way - you buy at current price or wait for it to go down to 1 850 (it's still probable) and set your Take Profit/Sell below 1 900.
🔎Search : #GOLD #USD #technical_analysis
🆔 @dailyfx
🔻
🔗Trade idea details and contions
1. You are ready to wait 2-3 weeks
2. Your account may withstand the fluctuation (you've made respective calculations)
3. You are willing to test this scenario as in experimental mode (not putting all your equity on it)
4. Buy at current price/1 850
5. Take Profit/Sell below 1 900
6. Stop Loss at 1 825
🔎Search : #GOLD #USD #technical_analysis
🆔 @dailyfx
🔗Trade idea details and contions
1. You are ready to wait 2-3 weeks
2. Your account may withstand the fluctuation (you've made respective calculations)
3. You are willing to test this scenario as in experimental mode (not putting all your equity on it)
4. Buy at current price/1 850
5. Take Profit/Sell below 1 900
6. Stop Loss at 1 825
🔎Search : #GOLD #USD #technical_analysis
🆔 @dailyfx
🔻
▪️GE: in a good position
⏰GE reports its quarterly earnings at 15:00 MT time today.
🔸Summary
Overall, GE appears to be in a good strategic position. Even if it doesn’t beat the market expectations on the coming earnings report, it seems to be worth to buy to make mid-term gains.
🔸Fundamental
The consensus EPS forecast is $0.08 (against $0.21 a year ago). While the virus hit the production process of this company quite hard making it spend a lot of cash in 2020, it seems to have managed to recover well and possess enough financial capacity to carry on with its plans. In all core segments of its business such as aviation and power, the company has optimized its approach to financing to focus on profitability. In addition to that, Q4 is traditionally strong for GE. Therefore, the overall tactical and strategic outlook for GE is pretty positive.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
▪️GE: in a good position
⏰GE reports its quarterly earnings at 15:00 MT time today.
🔸Summary
Overall, GE appears to be in a good strategic position. Even if it doesn’t beat the market expectations on the coming earnings report, it seems to be worth to buy to make mid-term gains.
🔸Fundamental
The consensus EPS forecast is $0.08 (against $0.21 a year ago). While the virus hit the production process of this company quite hard making it spend a lot of cash in 2020, it seems to have managed to recover well and possess enough financial capacity to carry on with its plans. In all core segments of its business such as aviation and power, the company has optimized its approach to financing to focus on profitability. In addition to that, Q4 is traditionally strong for GE. Therefore, the overall tactical and strategic outlook for GE is pretty positive.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
🔗Technical
Previously, things weren’t looking quite good for GE’s stock. As the company has been struggling to bring consistent revenues, investors have been holding mostly a bearish view on its stock. It was roughly above $6 per share at the end of 2018 but then the price reversed to the upside as the tech-giant started re-visiting the financial workings of the company. When the virus hit, the stock was going up and was trading at $13. Losing more than 50% of its value, it was at $6 again just several months ago. Currently, it trades at $11.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔗Technical
Previously, things weren’t looking quite good for GE’s stock. As the company has been struggling to bring consistent revenues, investors have been holding mostly a bearish view on its stock. It was roughly above $6 per share at the end of 2018 but then the price reversed to the upside as the tech-giant started re-visiting the financial workings of the company. When the virus hit, the stock was going up and was trading at $13. Losing more than 50% of its value, it was at $6 again just several months ago. Currently, it trades at $11.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
🔗In the mid-term, the stock looks prepared to jump to the resistance of $11.70 and break it. The support of 50-MA touched by the current stock price seems to provide technical reassurance of that. If the marked channel stays in power, the stock will be challenging the tactical resistance of $13 by the end of March.
🔹Don't know how to trade stocks? Here are some simple steps.
1️⃣First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
2️⃣Open the MT5 account in your personal area.
3️⃣Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
4️⃣Start trading!
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔗In the mid-term, the stock looks prepared to jump to the resistance of $11.70 and break it. The support of 50-MA touched by the current stock price seems to provide technical reassurance of that. If the marked channel stays in power, the stock will be challenging the tactical resistance of $13 by the end of March.
🔹Don't know how to trade stocks? Here are some simple steps.
1️⃣First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
2️⃣Open the MT5 account in your personal area.
3️⃣Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
4️⃣Start trading!
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
▪️Microsoft: resistance breakthrough?
⏰Microsoft is about to report its quarterly earnings on January 27, at 00:30 MT time.
🔸The expected EPS is $1.61 against $1.51 for Q4’2019. Apart from total revenue and other general indicators, that’s the main figure most investors will be looking at. What does its stock performance look like?
🔸Tactically, it’s been trading under the resistance of $230 since August. While the local lows have been gradually moving upwards in line with the 50-MA and 100-MA, the resistance hasn’t. That suggests the accumulation of bullish potential that would eventually break the resistance of $230. The question is when. Technically, the “logic of the triangle” still requires one or two downswings before the flat upper side gets broken. However, if Microsoft reports good Q4’2020 results that beat the market expectations, there is a high likelihood that the price will go above $230.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
▪️Microsoft: resistance breakthrough?
⏰Microsoft is about to report its quarterly earnings on January 27, at 00:30 MT time.
🔸The expected EPS is $1.61 against $1.51 for Q4’2019. Apart from total revenue and other general indicators, that’s the main figure most investors will be looking at. What does its stock performance look like?
🔸Tactically, it’s been trading under the resistance of $230 since August. While the local lows have been gradually moving upwards in line with the 50-MA and 100-MA, the resistance hasn’t. That suggests the accumulation of bullish potential that would eventually break the resistance of $230. The question is when. Technically, the “logic of the triangle” still requires one or two downswings before the flat upper side gets broken. However, if Microsoft reports good Q4’2020 results that beat the market expectations, there is a high likelihood that the price will go above $230.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
🔗Strategically, while the overall trajectory of the price performance is definitely an upward curve, every now and then it gets down to dip into the 50-MA. Currently, it is considerably above the Moving Average. That begs the question: will it dip again? Very possibly, and it has nothing to do with the quarterly report. The stock may break the resistance of $230 and then plunge, or just plunge. The thing is, the growth of a stock value is like a machine engine: it gets overheated by the constant expansion and needs to cool off sometimes. That may not happens in months from now – or, it may happen quite soon. Watch for the signs of reversals and look into the details of the quarterly report.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔗Strategically, while the overall trajectory of the price performance is definitely an upward curve, every now and then it gets down to dip into the 50-MA. Currently, it is considerably above the Moving Average. That begs the question: will it dip again? Very possibly, and it has nothing to do with the quarterly report. The stock may break the resistance of $230 and then plunge, or just plunge. The thing is, the growth of a stock value is like a machine engine: it gets overheated by the constant expansion and needs to cool off sometimes. That may not happens in months from now – or, it may happen quite soon. Watch for the signs of reversals and look into the details of the quarterly report.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
🔗
🔹Don't know how to trade stocks? Here are some simple steps.
1️⃣First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
2️⃣Open the MT5 account in your personal area.
3️⃣Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
4️⃣Start trading!
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔗
🔹Don't know how to trade stocks? Here are some simple steps.
1️⃣First of all, be sure you’ve downloaded Metatrader 5.FBS allows you to trade stocks only through this software.
2️⃣Open the MT5 account in your personal area.
3️⃣Reveal all trading instruments by clicking “show all” at the “Market Watch” window.
4️⃣Start trading!
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
▪️What does the first Fed meeting of 2021 have for the USD?
⏰ The Federal Open Market Committee (a department of the Federal Reserve) will post its statement and an update on the interest rate on January 27 at 21:00 MT time. The Press Conference with the Fed Chair Jerome Powell will happen, as usual, at 21:30 MT time.
📊Instruments to trade: EUR/USD, USD/JPY, GBP/USD
🔸Wow, the first Fed statement of the year! The time flies fast. Another important thing, this is going to be the first statement after the inauguration of Joe Biden. For now, the interest rate is expected to stay at the current level for the foreseeable future as inflation remains low. At the same time, Jerome Powell expressed hopes for economic stabilization soon. With the US dollar strengthening after the long-term fall and the stimulus-friendly policies by Joe Biden, will we see the Fed Chair changing his mind? If he keeps being optimistic, the US dollar may rise to new highs.
📈Good comments by the Fed on the economic situation will strengthen the USD.
📉Alternatively, bad or cautious news will pull it back to the lows.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
▪️What does the first Fed meeting of 2021 have for the USD?
⏰ The Federal Open Market Committee (a department of the Federal Reserve) will post its statement and an update on the interest rate on January 27 at 21:00 MT time. The Press Conference with the Fed Chair Jerome Powell will happen, as usual, at 21:30 MT time.
📊Instruments to trade: EUR/USD, USD/JPY, GBP/USD
🔸Wow, the first Fed statement of the year! The time flies fast. Another important thing, this is going to be the first statement after the inauguration of Joe Biden. For now, the interest rate is expected to stay at the current level for the foreseeable future as inflation remains low. At the same time, Jerome Powell expressed hopes for economic stabilization soon. With the US dollar strengthening after the long-term fall and the stimulus-friendly policies by Joe Biden, will we see the Fed Chair changing his mind? If he keeps being optimistic, the US dollar may rise to new highs.
📈Good comments by the Fed on the economic situation will strengthen the USD.
📉Alternatively, bad or cautious news will pull it back to the lows.
🔎Search : #usd #market_forecast #fundamental #stocks_market #technical_analysis
🆔 @dailyfx
🔻
▪️Gold: no rush to the upside
🔸In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845.
That means, the tactical support of 1 825 should be the baseline level for bears to aim at, and 1 875 is the key resistance so far. In the mid-term, a sideways dynamic seems to be the most probable scenario.
🔎Search : #usd #GOLD #technical_analysis
🆔 @dailyfx
▪️Gold: no rush to the upside
🔸In one of the recent articles, we tried to make a trajectory for the gold price based on the December chart. Well, we were wrong - that's how you reality-check your projections. Gold did not follow the upward channel similar to the one it was in December and got down to 1 845.
That means, the tactical support of 1 825 should be the baseline level for bears to aim at, and 1 875 is the key resistance so far. In the mid-term, a sideways dynamic seems to be the most probable scenario.
🔎Search : #usd #GOLD #technical_analysis
🆔 @dailyfx
🔻
🔗EUR/USD is falling towards 1.2050 as was predicted by TD Securities. It has just crossed the support of 1.2100, therefore there are no obstacles for the price to dip further. The pair is unlikely to break through 1.2050 on the first try, so we should expect the pullback initially. If it finally manages to break this support, the way down to the key psychological mark of 1.2000 will be clear. Resistance levels are 1.2130 and 1.2170.
🔎Search : #usd #market_forecast #eur #technical_analysis
🆔 @dailyfx
🔗EUR/USD is falling towards 1.2050 as was predicted by TD Securities. It has just crossed the support of 1.2100, therefore there are no obstacles for the price to dip further. The pair is unlikely to break through 1.2050 on the first try, so we should expect the pullback initially. If it finally manages to break this support, the way down to the key psychological mark of 1.2000 will be clear. Resistance levels are 1.2130 and 1.2170.
🔎Search : #usd #market_forecast #eur #technical_analysis
🆔 @dailyfx
🔻
🔗GBP/USD has approached the support of 1.3650, which it has failed to cross several times this month. Therefore, we would expect the pair will pull back to the upside rather than break out it. However, if bears are strong enough to press the price below 1.3650, the doors towards the key psychological mark of 1.3600 will be open.
🔎Search : #usd #market_forecast #gbp #technical_analysis
🆔 @dailyfx
🔗GBP/USD has approached the support of 1.3650, which it has failed to cross several times this month. Therefore, we would expect the pair will pull back to the upside rather than break out it. However, if bears are strong enough to press the price below 1.3650, the doors towards the key psychological mark of 1.3600 will be open.
🔎Search : #usd #market_forecast #gbp #technical_analysis
🆔 @dailyfx
🔻
🔗AUD/USD has finally escaped the symmetrical triangle it has been trading inside since December. If bears are strong enough, they may break the support of 0.7600 and drag the price to the low of December 28 at 0.7570. Resistance levels are at the 200-period MA of 0.7665 and yesterday’s high of 0.7750.
🔎Search : #usd #market_forecast #aud #technical_analysis
🆔 @dailyfx
🔗AUD/USD has finally escaped the symmetrical triangle it has been trading inside since December. If bears are strong enough, they may break the support of 0.7600 and drag the price to the low of December 28 at 0.7570. Resistance levels are at the 200-period MA of 0.7665 and yesterday’s high of 0.7750.
🔎Search : #usd #market_forecast #aud #technical_analysis
🆔 @dailyfx
🔻
🔗USD/CAD has just broken through the resistance of 1.2830, clearing the way up to the psychological level of 1.2900. The move above it will drive the price further up to 1.2950, the high of December 21. Support levels are 1.2775 and 1.2700.
🔎Search : #usd #market_forecast #cad #technical_analysis
🆔 @dailyfx
🔗USD/CAD has just broken through the resistance of 1.2830, clearing the way up to the psychological level of 1.2900. The move above it will drive the price further up to 1.2950, the high of December 21. Support levels are 1.2775 and 1.2700.
🔎Search : #usd #market_forecast #cad #technical_analysis
🆔 @dailyfx
🔻
▪️Tesla: up 20% in one day - as usual
🔹What suddenly?
After enjoying the highs of $900 just a couple of months ago, Tesla stock lost more than 30% of the value. A few days ago, it plunged to $550. However, on Tuesday, it gained back almost 20% rising to $670. That's why we like Tesla, don't we? Double-digit growth in one day after a two-month depression.
🔹Why suddenly?
No direct factors are mentioned in the review. A "buy" recommendation from one of the renowned stock observers (Pierre Ferragu), crypto rally, tech sector bullish bounces, and probably other factors unknown to us - all contributed to this spectacular rise.
🔎Search : #stocks_market #technical_analysis #stock #trading
🆔 @dailyfx
▪️Tesla: up 20% in one day - as usual
🔹What suddenly?
After enjoying the highs of $900 just a couple of months ago, Tesla stock lost more than 30% of the value. A few days ago, it plunged to $550. However, on Tuesday, it gained back almost 20% rising to $670. That's why we like Tesla, don't we? Double-digit growth in one day after a two-month depression.
🔹Why suddenly?
No direct factors are mentioned in the review. A "buy" recommendation from one of the renowned stock observers (Pierre Ferragu), crypto rally, tech sector bullish bounces, and probably other factors unknown to us - all contributed to this spectacular rise.
🔎Search : #stocks_market #technical_analysis #stock #trading
🆔 @dailyfx
🔻
🔗What's your plan now?
Watch how the stock price behaves as it comes to $700. There is a possibility that it bounces downwards from $700-720 to 200-MA.
Wait for a local correction using the signs on the lower timeframes, buy, and aim at a mid-term target of $800 and above.
🔎Search : #stocks_market #technical_analysis #stock #trading
🆔 @dailyfx
🔗What's your plan now?
Watch how the stock price behaves as it comes to $700. There is a possibility that it bounces downwards from $700-720 to 200-MA.
Wait for a local correction using the signs on the lower timeframes, buy, and aim at a mid-term target of $800 and above.
🔎Search : #stocks_market #technical_analysis #stock #trading
🆔 @dailyfx