Syria
SQQQ could go to 41$ when it's gonna go throught 22$I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ
but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale
at 15min scale you can always count on it to go back to RSI 60
still when you zoom back, you notice that if we get a second wave down, we could go at 41$
witch is the 100 MA weekly also
yet we need to pop throught 22$
and that seems to be possible because of the gann fan that when throught the 2/1 channel
it did the same with NQ ES RYT etc.. we all went throught 2/1 channel at gann fan so normaly we could get a big push from here
that if all the fundamentals arent switch because of a lie from the president again
i still say the the mexico trade deal and syria were the biggest fraud the market reacted too.
Potential growth of USDTRY as waging war agains Syria1. Wait for breaking parallel channel or resistance line then take long
2. Wait till lower band of parallel channel and then take long
Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU countries.Turkey did it and refugees had faced a very bad conflict with police of Bulgaria and Greece (EU Gate). Turkey is drowning as more than 45% of GDP made by external loan from international institution like IMF as an example. How could a country be independent while it has 433 Billion USD external load more than 45% of GDP!? President of Turkey Erdugan said we would not get any dollar from IMF as it would violate our foreign independence. After some months it appears Erdugan could not resist foreign pressure and wage war. If both sides of conflict could not reach an agreement that would be death and destruction. Erdugan could not rescue Turkey economy by doing this and corona virus could damage tourism earning so much so bye bye Lira! bye bye foreign real estate investors!
USA will use Turkey like a tissue and then throw it away.
History will repeat itself.
ORBEX: USDTRY - Expecting Minute 3 To Break The 6.00 Barrier?USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower.
Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25
Look for a valid breakout above minor 1 at 6.0373!
Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near 5.75.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Excpectations speculation on gold in technical perspectiveJust look the chart
Simple and clear technical issues
USDCAD passed the SMA100 - shortUSDCAD entered shot-term downtrend which is part of medium-term downtrend. I really like to play that kind of situations, because I know, that I have bigger chance of winning at that trade and even if I made wrong decision at shor-term trend analysis, I sometimes would be able to exit position with profit.
I guess we are somewhere at the 1/3 of short-term downtrend inside of channel, and the chart just passed SMA50 and SMA100 which is good news for us. I'm not fan of technical analysis, but guys that use it at trading could see HnS formation which, as far as I know, means trend reversal.
If I should guess, I would tell that our price on monday will go little up - maybe somewhere near SMA50 or SMA100, and then continue short-term downtrend to finally reach bottom of channel.
Of course situation in Syria create a need to watch all pairs with USD closely and briefly react and adapt to new circumstances.
EURUSD Range PlayPrice reached my pending short order and has been activated at 1.2400. Price has already begun heading south from the Daily and Weekly Supply zone. Expecting price to continue falling; targeting the 1.2240 area right before the Daily Demand zone below.
Oil Prices gonna blow up?The CRUDEOIL price broke through several trends (long-term and short-term)
The political situation between Russia, US, Syria etc tend to war which could have an bullish effect on the price...
What are your opinions?
Expecting sideways chop in marketsMarket is on hold awaiting whatever events occur in Syria, muted rally indicative it will soon fissile..
Oil: Potential bullish scenarioI think there is a fair chance that oil breaks out, maybe due to fears of war in the Middle East? Maybe due to OPEC extending production cuts, or maybe a bit of both, paired with Trump's comments of wanting a weaker dollar. I think energy positions are a good hold, and even a good chance to add to many, like $OXY, $PBR, $MPC, $PBF, to name a few.
Keep an eye out for the breakout here, if it's confirmed, $XLE will shine surely.
This would play nicely with Saudi Arabia's Aramco IPO as well, which makes a lot of sense to me.
Good luck,
Ivan Labrie.
Good Possibility holding a short @0.7540 and shorting again @0.7501 [email protected] range for daily support . If wrong ill break even [email protected] but if right then nice gain on the Short. Usd has been strong so looking to short everything against usd which makes me think the Bears will break Support and become Resistance . Trading support & resistance would make u want to Go long but i dont think it will respect also with EMA Crossover to support my Prediction . If wrong and break even i will be looking to Go Long targer 0.755 levels and 0.761
BTC WEEKLY CHART: "The Panic Zone" The End of the WorldThe folks at Tradingview recommended using a catchy title. If the end of the world doesn't catch your attention then probably nothing will. This end of the world is probably not as endy as, say, Y2K where the only safe place to be was on top of the active volcano Mt. Shasta. It's just the end of the road for Deutsche Bank and the current basket of currencies deemed worthy by the IMF. Notice Bitcoin is not included. Feel the bias? Jim Rickards is predicting a currencyapolypse on September 30. Well, he's got a newsletter to sell. Will it really happen? He must be looking at my bitcoin chart because we agree on the date for a tide change.
Let's talk wedgy. Next week there is a trend convergence. The down trend emanating from the 2013 blow off top (blue solid trend line) and the current up trend (red hash trend line). I predict a break out up or down out of the wedge not sideways. What are the chances for a down breakout? There's no bad Bitcoin news. No problems with the blockchain. Bitfinex is healing with the BFX token gaining value. New exchanges opening around the world with the most significant being Mexico. I think the chance for downside breakout is minimal. What are the chances for an upside breakout? China is kicking up a storm. Japan is scrambling fighter jets. Another Yuan devaluation is rumoured. The US and Russia are threatening to radiate each other over Syria. Deutsche bailout is all but assured. This will devalue the Euro instantly. The IMF is threatening to dilute the USD reserve currency status. So, if the Euro and USD devalue at the same time does that make the Brexited GBP and gold more valuable? Whatever! There is huge upward pressure on Bitcoin if any or all happen.
I predict a BTC price rise to $750 by February is in the cards. By then we will know which clown will be President. All currency and metal vibration from that event will settle back to the fiscal reality of disaster ahead. Neither of the leading clowns knows how to solve the US financial problem.
Technically the Stochastic oscillator has bottomed!
Or, the solar storm heading our way could make all the volcanoes erupt at the same time completely upending the climate change agreement and Governor Jerry Browns assault on bovine flatulence. So be it... The end of the world is nigh.
