US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
ALIBABA: singles, shopping, stock
2020-11-10 • Updated
What is a Singles’ Day? Something like an “Anti-Valentine’s” day. People celebrating being alone, basically. But we are not here for that: Singles’s day is essentially a shopping celebration. Obviously, Jack Ma’s Alibaba offers good promotions on this day. The intrigue is: how willing the consumers will be this time to spend money, amid all the crisis? That will be a very interesting point to find out.
For Alibaba’s stock, that may turn to be a turning point as well. Since the Chinese authorities went hard on Jack Ma’s Ant, Alibaba took some of the damage. After an all-high below $320, the stock suffered severe turbulence. It got down to $280 in the first week of November and managed to get up to $304 on Monday and already down again. The larger timeframe suggests the downside still has potential – unless the Singles’ Day proves to be really fruitful for Alibaba’s performance. In this case, the stock may surge well above $304 and break the downtrend.
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US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
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Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
