12 Mar 2020: BAT

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte Ltd or Gregg Tan and does not have regards to specific investment objectives, financial situation and/or the particular needs of any specific person. The main objective of this material is for educational and discussion purposes only. The technical views and commentaries are to facilitate the finer application of various technical tools.  These technical views may be subject to further revision without notice. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte Ltd or Gregg Tan.

The reports below are compiled by Gregg. Gregg has over 38 years of experience in the finance industry. His responsibilities in the initial 20 years was mainly with major Financial institutions, spanning across roles as a Trader, Dealer and as Head of Fundamental/ Technical Research of a team in Indonesia. He then spent the next 18 years at Bloomberg as an Application Specialist for Charting and Technical Analysis. Many of Bloomberg’s Institutional clients have acknowledged that they found true value at Gregg’s sessions. Gregg was a key contributor to Bloomberg’s charting ecosystem, as evident when the development team even rescheduled a planned global summit just to accommodate his busy schedule. Gregg has recently joined TrackRecord’s team of professional analysts to value-add to our existing offerings.

Boundaries & Triggers (BAT) – Key technical levels for Short-Term Trading based on Hourly/Intraday Charts

12 March 2020

 Boundaries & Triggers (BAT): 12 Mar 2020

Boundaries And Trigger (BAT) is a complex formula requiring the identification of unique price behaviour, price projections and BAT Triggers. The Triggers are levels that will likely attract immediate follow-through activities when price crosses it.

AUD/USD – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

EUR/USD – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

GBP/USD – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

USD/CHF – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

USD/JPY – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

USD/CAD – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

XAU/USD – 60 Mins (Click to view explanation on usage of BAT and Pivot Points)

Trade Opportunity: GOOGL – Buy on dips

Alphabet (GOOGL) Weekly Candlesticks & Ichimoku Chart – LONG

Threats of regulation and fears of lofty valuations, and yet Google is testing the highs yet again. Buy on dips continue to pay well.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

Disclaimer: The views and opinions expressed in this material do not constitute a recommendation by TrackRecord Pte. Ltd. that any particular investment, security, transaction or investment strategy is suitable for any specific person. No part of this material may be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of TrackRecord Pte. Ltd

Watch Out Below! The Euro Bears Are Taking Control

  • The European Central Bank (ECB) opts for “lower for longer” quantitative easing and denies it is tapering.
  • Catalonia continues to be a risk.
  • US tax reforms continue to make progress.
  • Technically, the EUR/USD has broken decisively below the daily Ichimoku cloud.

Monetary Policy

The ECB opted to extend its asset purchase programme at the monthly rate of 30 billion euros, half of the current pace of 60 million billion per month, and committed to keeping key interest rates at current levels for “an extended period of time” last week. Markets took that as dovish and EUR sold off aggressively against the USD.

Buried within their statement is a sentence highlighting that the downside risks to the euro area growth outlook “relate primarily to global factors and developments in foreign exchange markets”. This is a clear indication that the ECB does not want a stronger EUR. The currency has appreciated more than 12% against the USD on the year and any rally will likely… Read more>>>