Amazon is one of growth stocks with more than 20% growing sales per year. This growth sales likely will continue in future potentially with larger reached customers by Amazon. I do not have any significant complaint about the fundamental of Amazon, except for the high valuation of stock. According to the lowest P/E in the last 7 years, US$ 109 seems reflected the...
Gold moved sideways during August 2020-March 2022. The trend then ended by market on 2nd May 2022. Since then, Gold establishing bearish trend till now. What should traders do then this week? On 21st July 2022, Gold rebounded from 1681.65, and made a counter trend correction to 1805.55 (new resistance) and then market reversed. Meaning, that sellers be active...
Hello guys, First of all, HAPPY NEW YEAR 2022. Time passes so quickly. Many things happen in 2021, and the world still got an impact on corona virus, and this influences all of us a lot. But I have confidence, at a time in this year, this corona effect will decrease and then the world can adapt to it and move on. And regarding this, I am still thinking gold is...
The trend bias still bullish, however in daily chart, a counter trend correction happening now for AUDJPY. The monitor level should be monitored is around 83.07 to see whether price will rebound from here or not. Once we see the price action signal that showing bulls coming back to market, buy chance will be available
EURUSD last week made 2 consecutive N-wave with cycle around 42. This gives us clue that the next cycle for downward movement will be around 15 August 2022. Yup, I am still thinking bearish for this EURUSD with target downward movement around 0.09275. Meanwhile, now Market movement is sideways now. The momentum of selling is weaker. So, price will go up for a...
Gold move sideways now, and this kind of market often took money a lot from traders (even professional ones). After dropping from 1916.455 on the beginning of June 2021, Gold failed to reach that level again. 3 times gold rebounded from support 1750.89-1764.18 and only succeed to reach 1831.78-1845.7. This indicating that the dominance power in gold shifting from...
AUDJPY has bullish bias now in D1 and seems to go a correction. While many traders said "you must trade with the trend", and hinder to trade against a trend. But, I have a trade counter trend if you like if you wanna ride this correction movement in D1. What you have to make sure is the intraday trend is supporting your trade and we use Ichimoku by this time....
Since Mid June 2021, Gold move sideways between 1721.66-1834.2. And for traders who still wanna trade this gold now, I give you some trade ideas like in the chart. You have remind yourself that Gold now under bearish bias. The chance is price can drag down again around 1834.2, so be careful when market already near or around that level. Good luck then.
Yesterday, I upload analysis of this currency that it has a potential breakout in near term. After seeing the market closing this morning, I saw hints about a correction will happen. You see , USDJPY basically now under a large consolidation pattern between 102.578/104.808-114.725/118.625. So, right now, USDJPY facing the major resistance (long term resistance)....
USDJPY right now is under a minor consolidation, but regarding the strong momentum bullish in this currency. It will not take long the trend will continue again. So, the currency potentially will go to breakout in near time.
Last week crude oil succeeded maintain the position above 77.110 and confirms a breakout that happened 2 weeks ago. This is the ending of a correction of the oil, giving high chance the continuation of bullish trend. Price now just broke the minor consolidation resistance 81.695-82.235 and will continue the up movement. There's opportunity for traders to ride...
Last week, some traders from my group debating a lot about gold. Some said, the trend was bearish and against moving average on daily chart, and it will go down from there. Some said "no, trend still bullish, and now market will go up for sure." Some mumbled " It is not clear enough. We still can not be sure what happens with this gold, We will wait for a bit...
Hello, traders. It has been quite long (I think) not write some analysis here because of a busy business schedule I have. And this time I want to share my opinion about crude oil. As you know, crude oil has been moving up till know and I do not think that this upward movement will end in near future. However, I saw a rejection market of 77.2 that is strong...
BTCUSD now is under a correction of bearish trend. Yup, the tendency of this BTCUSD is down more. While now BTCUSD consolidation between 40020-30934, the selling pressure still strong (look at red arrow in my chart). I see market has a tendency to break down 30934 in near term future. If that happen, the near target will be around 19747.
The coal has a high chance to make all time high this time. My forecast it can reach US$ 131 or around it. But it will take months from now to make it happen. My focus now is for the next weeks till June 2021, coal apparently will go higher. Though, market will undergo a slight correction but not deep. The target for this upward coming is around 108.45. The...
The major trend for AUDJPY is bullish. But, it is undergoing a "m" ranging now. And hit the resistance and potentially going down from here. If we zoom in and get the detail have a look inside this ranging correction, we can see the seller stronger now by time to time. In H1 time frame for example, we see price below "resistance zone" and testing kijun sen and...
USDJPY still in bullish bias and under a deep correction. The senko span 1 supports the market and made it rebound a couple days ago. Now, price will go to continue the upwared movement. The big target will be around 114.305. The question is how we can ride this upward movement? As you can see, in H4, market already breached resistance zone and from it, going...
USDJPY already make second leg of bullish wave in D1. Now, the buttom of this second leg already set (around 107.615). We see, price now facing kijun sen that in my opinion will block USDJPY for a while. The momentum of bullish also still not strong . This is normal , for USDJPY still recover from the correction. Looking at H4, We see chiko span will face senko...