Hello Traders: The 2020 United States presidential election is here and traders are expecting high volatility in the markets. My TakeNothing unusual and nothing extraordinary will happen in the markets. The markets don’t surprise people when they’re looking out for such; surprises come only when people don’t expect them. Let’s use an example of an […]
S&P 500 Price Analysis – November 3 S&P 500 extends upside advance beyond 3350, up 0.5% on a day, during early Tuesday. The index went higher at the start of the week as investors get ready for the US presidential election. After the strong negative sessions in the preceding month, the index is trying to […]
ADA Price Analysis – November 03 The price is heading towards the support level at $0.08, if it breaks down the level, the support level of $0.07 will be exposed, and further decrease may reach $0.05. In case the support level of $0.08 holds, the price may reverse and target $0.10, $0.11, and $0.13 resistance […]
NEO Price Analysis – November 02 In case the bulls can push up the price to penetrate the two dynamic resistance levels upside, then the resistance level of $16 will be reached, further increase of bullish pressure may break up the confluence at $16 and resistance levels at $19 and $22 may be tested. Failure […]
XAGUSD Price Analysis – November 2 Silver price is embarking on a recovery journey beyond the $24.00 level early in the week with prospects of an upside move towards the $24.50 level amid critical events and the US elections. However, the dollar maintain gains as the US election and Fed meeting lurk around the corner. […]
XRP/USD Market November 02 When the sellers gather enough pressure and the daily candle penetrate the $0.23 level downside and close below it, then, the bearish movement will continue to the $0.22 and $0.21 support level. On the other hand, the bulls may prevail and the price will increase towards the resistance levels at $0.25, […]
GBPUSD Price Analysis – November 1 The GBPUSD pair posted a modest intraday advance in the prior session but selling bias holds lower under the 1.3000 level. Prime Minister Boris Johnson announced a UK nationwide lockdown on Saturday, also extending coronavirus wage subsidies. GBPUSD may trend lower at the weekly opening and lose the 1.2881 […]
GBPJPY Price Analysis – November 1 The GBPJPY price managed to swing higher at month-end lows and was last seen trading with modest gains, just to mid 135.00 psychological marks. Tomorrow is the 1st trading day in November, and the pound has been struggling over the last few days into the month-end. The rapid pace […]
THE TECHNICAL ANALYST HAS BECOME AN ENDANGERED SPECIESAccording to Investopedia.com, technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analysing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysts, who attempt to evaluate a security’s intrinsic value, technical analysts focus on patterns of […]
