Target at ~3370 hit ✅ Got to 3377. New bounce from 3357 and Trump's fight for presidency makes me feel that stocks have good chances to grow against COVID. At the same time remember, that if index pullback below 3355 (and then below 3320), Head and Shoulders bearish pattern appear - and if it complete SP500 can drop down to ~3280. But if Trump win this fight, next strong resistance is 3420 (as target for longs).
@WiseForex #SP500
@WiseForex #SP500
📈 Euro / U.S. Dollar 📉
EUR pushing up to 1.178resistnance. Next will be 1.182 / 1.184
But if today will end up back at ~1.175 level, tomorrow EUR will pull back to 1.172 again.
@WiseForex #EURUSD #EUR #USD
EUR pushing up to 1.178resistnance. Next will be 1.182 / 1.184
But if today will end up back at ~1.175 level, tomorrow EUR will pull back to 1.172 again.
@WiseForex #EURUSD #EUR #USD
I think 3416 is out of doubts now. Probably can breakout higher now, after Trump twit.
@WiseForex #SP500
@WiseForex #SP500
🤦🏽♂️ Trumped&dumped market in nearly one day. It's impossible to trade in such conditions. Better don't.
https://twitter.com/realDonaldTrump/status/1313551794623127552?s=19
https://twitter.com/realDonaldTrump/status/1313551794623127552?s=19
Twitter
Donald J. Trump
Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I…
Stocks market recovered after Tuesday dump very fast and even made a new higher high. Right now chart look like it gonna dip again (same way as it did 3 times before). Possible target for pullback is 3360-3380 (might stop at 4000, but less possible).
@WiseForex #SP500
@WiseForex #SP500
📈 GBP / USD 📉
GBP trying to build a bullish trend within this consolidation range. Nearest target for rejection and pullback is 1.298-1.30. Pullback target 1.29-1.292 (distance 70-90 pips).
@WiseForex #GBP #USD #GBPUSD
GBP trying to build a bullish trend within this consolidation range. Nearest target for rejection and pullback is 1.298-1.30. Pullback target 1.29-1.292 (distance 70-90 pips).
@WiseForex #GBP #USD #GBPUSD
Well, the fact that SP500 didn't dip as before only proves that whatever seem to be most obvious move often makes it the least possible =) I see two possible ways it can evolve from here. Either pullback to ~3430 and maybe bounce after (next week), or continue to ~3496 and pullback in the beginning of the next week.
@WiseForex #SP500
@WiseForex #SP500
Wise Forex & Stocks
📈 GBP / USD 📉 GBP trying to build a bullish trend within this consolidation range. Nearest target for rejection and pullback is 1.298-1.30. Pullback target 1.29-1.292 (distance 70-90 pips). @WiseForex #GBP #USD #GBPUSD
📈 GBP / USD 📉
Targets reached. Almost =) Rejected 0.001 earlier and bounced 0.001 lower. Profit up to 78 pips.
P.S. this is 15 minutes chart as the whole move took 2.5 hours only.
Last post: GBP trying to build a bullish trend within this consolidation range. Nearest target for rejection and pullback is 1.298-1.30. Pullback target 1.29-1.292 (distance 70-90 pips).
@WiseForex #GBP #USD #GBPUSD
Targets reached. Almost =) Rejected 0.001 earlier and bounced 0.001 lower. Profit up to 78 pips.
P.S. this is 15 minutes chart as the whole move took 2.5 hours only.
Last post: GBP trying to build a bullish trend within this consolidation range. Nearest target for rejection and pullback is 1.298-1.30. Pullback target 1.29-1.292 (distance 70-90 pips).
@WiseForex #GBP #USD #GBPUSD
Wise Forex & Stocks
Well, the fact that SP500 didn't dip as before only proves that whatever seem to be most obvious move often makes it the least possible =) I see two possible ways it can evolve from here. Either pullback to ~3430 and maybe bounce after (next week), or continue…
Nothing grows forever. SP500 reached target at ~3496 resistance and now I expect highly possible retracement back to 3430-3450 zone. Unless it breakout above 3501 HH. In this case next resistance is at 3535.
@WiseForex #SP500
@WiseForex #SP500
📈 GOLD / USD 📉
Gold reached higher border of trade range at 1935 and puled back. Expect it to drop lower to ~1910 / 1900.Overall picture is bullish. After pullback continue growth.
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@WiseForex #PAXG #Gold #FTX
Gold reached higher border of trade range at 1935 and puled back. Expect it to drop lower to ~1910 / 1900.Overall picture is bullish. After pullback continue growth.
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@WiseForex #PAXG #Gold #FTX
Wise Forex & Stocks
Oil reached 38.8 support level and the way it evolves I think we may see 37.85 soon as well. That is lower low at daily and signal for bear trend continuation. Same as in Spring, all the companies connected with oil or travels hurt the most. @WiseForex #Brent…
Expect oil to bounce from 42 support up to 42.8. After that either breakout back to 43.5 or rejection and re-test of 42 with potential dump lower. Depends on situation with COVID in the world. Since vaccine is expected not earlier than in the end of the year (unless Trump speed up the process), we may expect it to drop.
@WiseForex #Brent #Oil
@WiseForex #Brent #Oil
Wise Forex & Stocks
Nothing grows forever. SP500 reached target at ~3496 resistance and now I expect highly possible retracement back to 3430-3450 zone. Unless it breakout above 3501 HH. In this case next resistance is at 3535. @WiseForex #SP500
SP500 broke 3501 and went higher. Crazy market. But I mentioned that value for a reason - that was Stop Loss marker. Don't know how much further it will grow, but volume is dropping, so I doubt SP500 will make it above previous high. At least on that wave.
@WiseForex #SP500
@WiseForex #SP500