📈 Dow Jones Industrial Index 📉
DJ starting from 28200 towards 28300 and 28425. If rejected at last resistance, will pull back to 28200. If breakout, next will be 28615.
@WiseForex #US30
DJ starting from 28200 towards 28300 and 28425. If rejected at last resistance, will pull back to 28200. If breakout, next will be 28615.
@WiseForex #US30
"ENDO International" (pharmaceuticals) near the trendline. Breakout may take it to $3.48. I'll be waiting for pullback at $3.
@WiseForex #Stocks #ENDP
@WiseForex #Stocks #ENDP
Wells Fargo been having an awful year. If you check 12 months chart, its a bloody waterfall. Therefore I'm not considering it for long term trade, but I hold some and will sell on 27.5 resistance. From current price it makes 7% profit (but I hold it from 25$). Might grow higher within "dead cat bounce" price action.
@WiseForex #Stocks #WFC
@WiseForex #Stocks #WFC
HeadHunter Group is online service for finding job and recruitment. COVID increased unemployment a lot, so HHR should be feeling really good now. And since we have second wave coming, will be feeling even better. Now at resistance, so not the best spot to buy. Will be looking for entry at 21.5 (bullish at 21.75).
@WiseForex #Stocks #HHR
@WiseForex #Stocks #HHR
VimpelCom provide telecomunication services to CIS and some countries in Asia and Africa. In Russia it is one of top mobile providers under the brand BeeLine. Overall it serves approximately 10% of world population. Has over 210 million clients. Not bad at all. And now it looks like total shit. Buy the dips. Guaranteed 9% profit. Good potential for ~18% profit, decent for ~32-37%. And in case world recover from Covid 80-100% (yes, lets dream about fairytales just a little bit).
@WiseForex #Stocks #VEON
@WiseForex #Stocks #VEON
Western Digital - one of high tech companies I like and hold. Possible rejection from or higher from 43-43.5. Will be buying more at 38.4 and 36.
@WiseForex #Stocks #WDC
@WiseForex #Stocks #WDC
Toys... While there are kids, there will be toys. These stocks been consolidating since June, occasionally trying to break above devil's resistance at 6.66$. Last attempt stopped at 6.42. If grow above that last height, next will be 6.66. If that one broken, good to grow higher to 7 / 7.77 / 8.14
These stocks for monitor only. Or early bullish entry with small amount, as in case of rejection it can easily drop back down to 4-4.5$
@WiseForex #Stocks #FNKO
These stocks for monitor only. Or early bullish entry with small amount, as in case of rejection it can easily drop back down to 4-4.5$
@WiseForex #Stocks #FNKO
Wise Forex & Stocks
📈 Euro / JPY📉 EUR bounced from 121.8 support. Going long from here up to 122.7 🛒 122 🎯 122.2 / 122.7 / 123.1 @WiseForex #EURJPY #EUR #JPY
📈 Euro / JPY📉
EUR falling like a rock, approaching good support levels that will surely cause a bounce. Scalp it long. Recommend average cost strategy, because first support might be broken, and I see no point in losing money on Stop Loss, if you can average cost at the second support and take profit in any case. Just calculate your second entry so that average cost would be less than 123.
🛒 Long 123.086 / 122.33
🎯 Higher SR level:123.8 and 123.08 respectively
@WiseForex #EURJPY #EUR #JPY
EUR falling like a rock, approaching good support levels that will surely cause a bounce. Scalp it long. Recommend average cost strategy, because first support might be broken, and I see no point in losing money on Stop Loss, if you can average cost at the second support and take profit in any case. Just calculate your second entry so that average cost would be less than 123.
🛒 Long 123.086 / 122.33
🎯 Higher SR level:123.8 and 123.08 respectively
@WiseForex #EURJPY #EUR #JPY
Wise Forex & Stocks
📈 Dow Jones Industrial Index 📉 DJ starting from 28200 towards 28300 and 28425. If rejected at last resistance, will pull back to 28200. If breakout, next will be 28615. @WiseForex #US30
📈 Dow Jones Industrial Index 📉
Dow made it only to 28378 and now moving back to re-test 27455-27600 support. This chart may still show bullish reversal if no lower low made.
@WiseForex #US30
Dow made it only to 28378 and now moving back to re-test 27455-27600 support. This chart may still show bullish reversal if no lower low made.
@WiseForex #US30
Brent Oil bounced. Now approaching pivot resistance around 43.33-43.5
If pullback will bounce above 41 USD, that will be a positive sign. If fall lower, Oil will retrace to ~37.8. But all that yet to come. Right now Oil price is acting very bullish. Can see it reach 44.4 easy.
@WiseForex #Brent #Oil
If pullback will bounce above 41 USD, that will be a positive sign. If fall lower, Oil will retrace to ~37.8. But all that yet to come. Right now Oil price is acting very bullish. Can see it reach 44.4 easy.
@WiseForex #Brent #Oil
Closer look at Brent and link to OPEC meeting roundup.
JMMC focuses on market stability and full conformity
@WiseForex #Brent #Oil
JMMC focuses on market stability and full conformity
@WiseForex #Brent #Oil
THE USDX, more commonly know as the US Dollar Index or DXY, is the value of the dollar relative to a basket of foreign exchange currencies.
It’s made up of six currencies, however they’re not equally weighted in the DXY.
The biggest player is EUR which makes up a whopping 58% of it.
Often when the DXY moves, the currencies follow.
@WiseForex #education #dxy
It’s made up of six currencies, however they’re not equally weighted in the DXY.
The biggest player is EUR which makes up a whopping 58% of it.
Often when the DXY moves, the currencies follow.
@WiseForex #education #dxy
Wise Forex & Stocks
Dollar Index fell to another year SR level at ~92.2. And it doesn't look strong enough for a bounce yet, although another test of that support can give it another chance. @WiseForex #DXY #DollarIndex
Dollar Index made a bull trap to break the trendline coming all the way since May and dumped. Last day candle made bearish engulfing, so high chances we will see index re-testing 92.55 or 92.3 support.
At the same time at week timeframe Index look very oversold and therefore close to bounce, which may take it up to 94.5-95. Keep this in mind when trading USD pairs. Next week could be a perfect time to scalp it long (against CHF, CAD, EUR, AUD).
@WiseForex #DXY #DollarIndex
At the same time at week timeframe Index look very oversold and therefore close to bounce, which may take it up to 94.5-95. Keep this in mind when trading USD pairs. Next week could be a perfect time to scalp it long (against CHF, CAD, EUR, AUD).
@WiseForex #DXY #DollarIndex
Wise Forex & Stocks
Not the end for SP500. If we will see it above ~3420, no doubts it will grow higher towards 3500. Right now still within consolidation range, but the fact it made higher low makes it look much less bearish than last week. @WiseForex #SP500
Multi timeframe analysis for S&P500.
4H: SP500 being rejected from 3370 resistance and today is the last day of the week. Bearish.
Daily: Exponential moving averages "on" to show that the bull trend is broken. What we have now is bear flag. Daily close below 3370 forms doji, which doesn't deny little bounce to 3390-3400 next week, but isn't bullish itself.
Weekly candle bearish even though its green. Main target for the following couple of weeks 3200-3240. Mid term target 3000. Big trend is still bullish, but I expect second leg down. P.S. Oanda volume obviously isn't 100% representative, but it is like exit-poll results - show overall mood. And the fact that last two weeks gain volume higher than on March dump makes me bearish.
Resume. Trump pays close attention to stocks as economy representatives and won't be interested in bad charts before elections (November 3rd). Therefore we may expect some government actions to "recover" chart in October. Probably by printing more money.
@WiseForex #SP500
4H: SP500 being rejected from 3370 resistance and today is the last day of the week. Bearish.
Daily: Exponential moving averages "on" to show that the bull trend is broken. What we have now is bear flag. Daily close below 3370 forms doji, which doesn't deny little bounce to 3390-3400 next week, but isn't bullish itself.
Weekly candle bearish even though its green. Main target for the following couple of weeks 3200-3240. Mid term target 3000. Big trend is still bullish, but I expect second leg down. P.S. Oanda volume obviously isn't 100% representative, but it is like exit-poll results - show overall mood. And the fact that last two weeks gain volume higher than on March dump makes me bearish.
Resume. Trump pays close attention to stocks as economy representatives and won't be interested in bad charts before elections (November 3rd). Therefore we may expect some government actions to "recover" chart in October. Probably by printing more money.
@WiseForex #SP500
Just bought some Zynerba Pharmaceuticals at 3.66 😎 And you know why? Because they create next-generation transdermal cannabinoid therapeutics 🤘 Yes baby, that is what everyone need to stop talking and doing bullshit 🤣
Plan on taking 50-70% profit from these stocks in half a year or so. Nearest target $4.5, but mine are 5.4 / 6 USD.
@WiseForex #Stocks #ZYNE
Plan on taking 50-70% profit from these stocks in half a year or so. Nearest target $4.5, but mine are 5.4 / 6 USD.
@WiseForex #Stocks #ZYNE