Category Archives: The Week Ahead

Trade Opportunities: NASDAQ, EURCAD

NASDAQ Composite Index (IXIC) Weekly Candlesticks & Ichimoku Chart  LONG  The NASDAQ Composite Index has yet again failed to break below and managed to recover to close above the weekly ichimoku cloud. With the 90-day truce in the Trade War, it is now likely to trade higher into the end of the year.   EUR/CAD Daily […]

Trade Opportunities: Hang Seng Stock Index, AUDUSD

Hang Seng Index (HSI) Daily Candlesticks & Ichimoku Chart The Hang Seng Stock Index (Hong Kong) is trading better recently. It is currently testing the daily ichimoku cloud, and will be a strong positive sign should it manage a close above the cloud. Is this just shortcovering ahead of the meeting between Trump and Xi […]

Trade Opportunities: AUDJPY, EURCAD

AUD/JPY Daily Candlesticks & Ichimoku Chart   SHORT  With the bearish close on Fri, shorting AUD/JPY with a stop above the recent highs gives us a good risk vs reward short based on the daily chart.   EUR/CAD Daily Candlesticks & Ichimoku Chart   SHORT  Last week, EUR/CAD tried to test the bottom of the daily Ichimoku clouds and […]

Trade Opportunities: USDCAD, DXY

USD/CAD Daily Candlesticks & Ichimoku Chart USD/CAD has gapped lower on Monday open because of news that US and Canada has finally reached a workable trade agreement. Breaking 1.2880 decisively, the downward trend is likely to resume and any rallies should be sold. If the market should try to close the gap, it would present […]

Charts of the Week (24 Sept 2018)

Chart of Spread between 10-yr and 3-month Treasury Yields vs S&P 500 Total Return Index Note: Periods of curve inversion (i.e. when the 3-month Treasury yield is higher than that of the 10-year yield) led to periods of correction in the S&P500 Index. Currently the spread is still far from inversion territory despite all the […]

Charts of the Week (17 Sept 2018)

NVIDIA Weekly Candlesticks & Ichimoku Chart NVIDIA produces chips that are used for gaming, AI and cryptocurrency mining. Knowing that, and seeing a chart like this, is there any reason not to get involved?   EUR/JPY Daily Candlesticks & Ichimoku Chart EURJPY has failed to convincingly sustain above 131.00 for months. Will the latest attempt fail […]

Charts of the Week (10 Sept 2018)

Hang Seng Index Weekly Candlesticks & Ichimoku Chart Hang Seng Stock Index looks extremely bearish on the weekly chart. It could trade to the low 20,000s in the months ahead. Look out below!   NZD/USD Daily Candlesticks & Ichimoku Chart The downtrend continues. With no end in sight both on the fundamental and technical fronts, […]

Charts of the Week (3 Sep 2018)

DXY Weekly Candlesticks & Ichimoku Chart USD Index (DXY) broke through the weekly cloud but recovered for a close that keeps it above support still. For now, the weekly uptrend remains intact.     Amazon (AMZN) Monthly Candlesticks & Ichimoku Chart Is there any reason not to be on board this train?       Vee, our […]

Charts of the Week (27 Aug 2018)

AUD/NZD Daily Candlesticks & Ichimoku Chart The weakness of the AUD caused mainly by the political uncertainty surrounding the leadership tussle is now over. Expect AUD to regain ground vs the NZD as RBNZ remains a lot more dovish than RBA. The daily reversal candle on Friday also presents an opportunity with good risk reward. […]