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FXGLORY

ForexTechnical Analysis

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Technical analysis of USD/CHF dated 14.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 05.11.2012, according to the formed signs, there was the possibility of ascending of the price which finally happened .The price during its ascend has recorded the price level of 0.95117 and now it is the most important resistance level in front of the price. Right now the price has been stopped from more ascend in daily time frame. The formation of Doji and Shooting Star candle stick pattern on 12th and 13th days shows the market’s indecision in ascending or descending of price, and finally there is a warning for formation of a top price and possibility of descending by these two candlestick patterns during the next days.

 

Stoch indicator is in saturation sell area and warns the possibility of descending of the price according to the next cycle. According to the formed price movements the AB=CD harmonic pattern with 61.8 and 161.8 ratio has been formed that with the completion of the D point of this pattern ( the formed Candlestick pattern) there is a warning for price for descending of the price . Generally until the top price of 0.95117 is preserved, there is a potential for descending of the price.

 

USDCHF-2012.11.14.jpg

 

FxGlory

2012.11.14

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Technical analysis of EUR/JPY dated 15.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 06.11.2012 according to the formed signs, there was the possibility of descending of the price which finally happened. The price during its descending trend was able to record the supportive level of 100.318 and now this is the most important supportive level in front of the price. The price is currently closed over the 5-day moving average and is likely to ascend more.

 

Stoch indicator shows the possibility of ascend frame according to the next cycle in this currency pair. As we mentioned in the previous analysis of this currency pair, in weekly time frame this currency pair, there is Wolfe Wave pattern which confirms the ascend potential and generally the price is moving toward the goal line of this pattern. the price is going to reach to the descending trend line which is made of the 2 and 4 points of Wolfe Wave pattern and by breaking and closing of the ascending candle on this line , there is the warning for more ascend of the price .

 

Untitled-16.jpg

 

FxGlory

2012.11.15

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Technical analysis of NZD/USD dated 16.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 17.10.2012, according to the formation of the third point on ascending trend line and other formed signs, there was the possibility of the price ascend which finally happened. Right now the price has passed the ascending channel range and during its downfall could record the price level of 0.80776 .the bottom price of 0.80776 by facing the supportive line which is drawn in the picture below (the formation of the third point on ascending trend line).

 

The most important sign and confirmation for the bottom price of 0.80776 is closing of ascending candle at the end of day which records this bottom price. Stoch indicator is in saturation sell area and warns the possibility of increase of the price according to the next cycle. Generally until the supportive level of 0.80776 is preserved, there is the possibility of increase in this currency pair.

 

NZDUSD-2012.jpg

 

FxGlory

2012.11.16

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Technical analysis of GBP/USD dated 19.11.2012

 

GBP/USD during its ascend from the bottom price of 1.52696 by reaching to the resistance level of 1.63000 (important resistance level because of being round) and after testing of this resistance level face a downfall that warns the formation of Shooting Star candlestick pattern which is observable in 21.09.2012 chart . The price was able to record the lowest supportive level of 1.58277 during its descending trend.This bottom price is on supportive level of descending channel and was recorded by the ascending candle on 16th day. Right now the price is closed above 5-Day moving average and there is the possibility of ascending of the price. If the price ascends the next important resistance level is 1.60000 and resistance edge of descending channel. Stoch indicator according to the next cycle shows the possibility of ascend during next days. Generally until the bottom price of 1.58277 is preserved, there is the possibility of increase and ascend in this currency pair.

 

Untitled-17.jpg

FxGlory

2012.11.19

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Technical analysis of USD/CAD dated 21.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 08.11.2012, according to the formed signs, there was the possibility of increase and ascends of price which finally happened. The price increased to the 1.00500 level and after that had a downfall which shows the attention of traders to this round resistance level and if the price ascends again this level will be one of the most important resistance level in front of price. The price has been stopped during its downfall from the top price of1.00544 by reaching to the supportive line of ascending channel and the supportive edge ( ascending trend line ) prevent it from more descend . Right now bottom price of 0.99558 has formed in this currency pair and the price had a little ascend.

 

By closing of the ascending candle at the end of today this bottom price will be recorded. Now there is not any clear condition of this currency pair movement and it can be observable on 20th day with the formation of Doji candlestick pattern (indecision traders). In weekly time frame there is the possibility of formation of a top price by formation of Shooting Star candlestick pattern. Stoch indicator is in saturation buy area and warns the possibility of decrease of the price according to the next cycle. Generally until the bottom price of 0.99558 (it is not highly valid because of not approving b weekly time frame) is preserved, there is the possibility of increase and ascend of price in this currency pair.

 

Untitled-18.jpg

 

FxGlory

2012.11.21

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Technical analysis of USD/CHF dated 22.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 14.11.2012, according to the formed signs, there was the possibility of descending of the price which finally happened. One of the price targets is the descending AB=CD pattern with the Fibonacci level of 61.8 from CD wave. Right now the price during its descend has reached to the ascending trend line which is breaking and passing this supportive line.The bottom price of 0.93574 has formed but it needs the confirmation of the next ascending candles, and this price has not recorded yet. There is no clear reason for ascending of price and the price has been closed under 5-Day moving average and there is the possibility of more descends. as it is obvious in the picture below , the price during its descend from the top price of 0.95117 has formed the ascending AB=CD pattern with 78.6 and 127.2 ratios which the D point of this pattern is completed , but the buyers must wait for the record of t his bottom price for ascending . Breaking of the ascending trend line and the D point of harmonic pattern shows the continuous descend and powerful descending trend line.

 

Untitled-19.jpg

 

FxGlory

2012.11.22

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Technical analysis of EUR/GBP dated 23.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 12.11.2012, according to the formed signs, there was the possibility of the price ascends which finally happened. The price by making the third point on ascending trend line at the level of 0.79587 and fixing of it starts to ascend and there is no clear reason for descending in the daily time frame .as it is obvious in the picture below, the price on 15th day reached to the target price which Wolfe Wave pattern was predicted and after that decreased. This shows the importance of the technical pattern in analysis.Right now the price by breaking the resistance level of 0.80639 and being above the 5-day moving average, there is the possibility of more ascends during the next days. Stoch indicator is near the saturation buy area and warns the possibility of increase of the price during of the next candles. Generally until there is no sign for the formation of a top price in daily time frame, the price has the potential for more ascend in this currency pair.

 

EURGBP-201.11.23.jpg

FxGlory

2012.11.23

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Technical analysis of GBP/JPY dated 26.11.2012

 

GBP/JPY during the previous days had a good ascending trend without price reformation and could record the top price of 132.414 which is the nearest level in front of the price. The price by reaching to the resistance edge of ascending channel has made a top price that by closing of descending candle under the this resistance edge this top price will be confirmed . as it is obvious in the picture below , the price during its ascend has formed the AB=CD harmonic pattern with the non ideal 78.6 and 161.8 ratios which by completion of the D point of this pattern , there will be a warning for descending of the price.RSI indicator is in saturation buy area in daily time frame also in divergence mode with the price chart that warns the possibility of descending of the price. Generally until the top price of 132.414 is preserved, the price has the potential of descending and the ascending trend reformation.

 

2012.11.26.jpg

FxGlory

2012.11.26

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Technical analysis of NZD/USD dated 27.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 16.11.2012, according to the technical formed signs there was the possibility of the price ascend from the bottom price of 0.80776 which finally happened. The mentioned bottom price is formed on ascending trend line and the supportive edge of descending channel that recording this bottom price ( by the next ascending candle ) there is a warning for ascending of price . The price during its ascend has recorded the resistance level of 0.82475 and it has been stopped from more ascend by reaching to the resistance edge of descending channel. The first important warning for more descend is the breaking of the supportive level of 0.82109 which is the lowest changing level candle on 26th day. According to the weekly time frame of this currency pair which there is more ascending trend , if the bottom price of 0.82109 is preserved ,there will be the possibility of more ascend and catching the resistance edge of descending channel ( second ) . Generally now the price is not able to pass the resistance edge of descending channel (first) and until this top price is preserved on the level of 0.82475, there is the possibility of descending of the price.

 

 

Untitled-110.jpg

FxGlory

2012.11.27

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Technical analysis of GBP/USD dated 28.11.2012

 

As it was mentioned in the previous analysis of this currency pair dated 19.11.2012, according to the technical formed signs there was the possibility of the price ascend which finally happened. The price ascends by making a bottom price on the level of 1.58277 and recording of it by ascending candle on 16th day and during this ascend could record the top price of 1.60542 . Right now the price has been stopped from ascending trend and there is a descending trend in the price chart.Formation of two candles with Small Body (formation of Hanging Man candlestick pattern is an important warning for the buyer’s loss in more ascend) after the big ascending candle on 23rd day shows indecision market for reaching to higher prices. The formed top price is on the resistance Fibonacci level of 61.8 which the price must break this level for more ascend and if not there is the possibility of reformation and downfall by this technical tool. Stoch indicator is in saturation buy area in daily time frame and warns the possibility of decrease of the price according to the next cycle. Generally until the top price of 1.60542 is preserved, there is the potential for decrease and descend of the price in this currency pair .

Untitled-112.jpg

 

FxGlory

2012.11.28

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Technical analysis of EUR/AUD dated 30.11.2012

 

EUR/AUD by creating the bottom price of 1.21590 and recording of it by the ascending candle in the next week has been started to ascend and right now it is in ascending trend too. As it is obvious in the picture below, the mentioned bottom price by reaching to the supportive level (resistance to supportive) prevents from more descend and finally the price ascends. According to the formed movements in weekly time frame, there is Wolfe Wave ascending pattern which the 5th point of this pattern is completed and is going toward the target line.Stoch indicator is in saturation sell area and warns the buy signal and also warns the possibility of increase of the price during the next candles according to the next cycle. In daily time frame of this currency pair, the price is closed by passing the descending trend line and breaking of it above the 5- day moving average and there is the possibility of more ascends. Right now there is no clear and obvious reason for descending of the price in the mentioned time frames and according to the formed signs; there is the possibility of ascending in this currency pair.

 

FxGlory

2012.11.30

 

2012.11.30.png

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Technical analysis of AUD/JPY dated 03.12.2012

 

As it was mentioned in the previous analysis of this currency pair dated 5.10.2012, according to the formed signs in the price chart, there was the possibility of ascending of the price which finally happened. The price during its ascending trend could record the top price of 86.414. Right now the price by reaching to the descending trend line (primary) has been stopped and the formation of this top price forms the third point of descending trend line and warns about descending of the price. RSI indicator is in saturation buy area and warns the possibility of decrease of the price according to the next cycle.

 

The price from 11.11.2012 has experienced the ascending trend without the reformation and by formation of the top price of 86.414 and other signs, generally there is the possibility of price reformation of previous ascends. As it is obvious in the picture below, the price under the middle line of Andrews’ Pitchfork pattern has formed the top price which this technical pattern warns the descending of the price and changing the price direction .Generally according to the formed signs in this currency pair, until the third point of descending trend line is preserved, the price has the potential for decrease and descend.

 

audjpy.gif

 

FxGlory

2012.12.03

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Technical analysis of EUR/USD dated 06.12.2012

 

EUR/USD during its ascending trend has recorded the top price of 1.31248. Right now this level is the nearest next resistance level of the price that by breaking of this level, there is the warning for more ascends. As it is obvious in the picture below, the price has been stopped from more ascend during its ascend from the bottom price of 1.26605 and reaching to the descending trend line. Right now there is a descending trend in the chart and the previous day daily candle had a long upper shadow in a descending trend which is the reason for the failure of the buyers in reaching to the upper price.The top price of 1.31248 is surrounded by the two descending trend line and the third point of both descending trend lines is formed and warns the descending of the price. Stoch indicator is in saturation buy area and also is in divergence mood with the price chart which makes its signal stronger. Generally until these third points of descending trend lines are preserved, the price has the potential for descending in this currency pair.

 

EURUSD-2012.12.06.jpg

 

FxGlory

2012.12.06

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Technical analysis of CHF/JPY dated 07.12.2012

 

As it was mentioned in the previous analysis of this currency pair dated 29.10.2012. With the formation of Butterfly harmonic pattern and other signs, there was the possibility of the price descend which finally happened. The price has the ascending trend from the level of 83.247 and could record the top price of 89.373 that right now is the next nearest resistance level to the price. The price has been stopped by reaching to the resistance line of ascending channel and formed a top price on this line and according to the formation of the candlestick charts in this area shows the indecision market for continuing the movement. Right now the price is closed under 5- day moving average and there is a potential for a descending movement in this currency pair.

 

As it is obvious in the picture below, the top price of 89.373 is formed under the Fibonacci resistance level of 78.6 which effect on the price like a resistance level. Generally according to the mentioned top price, there is the possibility of the price reformation and descend from this Fibonacci level. RSI indicator is in divergence mode with the price chart and made a top price in the same direction of the price chart and warns the possibility of descending of the price. Generally according to the formed signs until the top price of 89.737 is preserved, there is the potential for descending of the price in this currency pair.

 

CHFJPY-2012.12.07.jpg

FxGlory

2012.12.07[/b

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Gold Analysis

 

Gold chart after touch the price 1754.34 on 26.11.2012 show bearish trend. Now in lowest price it can register as low as 1660.84 and now this the most important support level. Price while it’s bearish trend with touching 1672.85 and support line that drawn also , shapes a hammer candle in that region. There is a long down shadow indicates doubts in sellers to reach lower prices.This support line is proved with bullish candles occurred after hammer candle already. As shown in figure there is a Wolfe Wave pattern ,shaped by its 5th point that indicates probability to be bullish till it’s target (Green line). Stoch indicator also show saturating in sell zone and show some probability for bullish trend starting. Totally while price respects support line 1660.84 , bullish trend is more probable.

 

Untitled-1.jpg

FxGlory

2012.12.19

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USDCAD Analysis(2012.12.20)

USD/CAD pair in it’s bearish trend registers 0.98236 as lowest price and after building this support starts bullish trend. This new trend as shown in H4 time frame can break bearish trend line that resist 3 times before breaking. This break turn on alarms for bullish trend plus that price is closed above 5D MA already. As sellers and buyers have this sight view , we can see long down shadow for the candle with low price 0.98798 that shows inefficient sellers try to sell.Totally most important alarm for starting bullish trend is closing bullish candle above resistance level 0.98911 and break it in this pair. In daily time frame for this pair Stoch indicator indicates bullish probabilities in furthermore candles. Until support level 0.98236 is steady , price have a good potential for touch higher prices in this pair.

 

Untitled-11.jpg

FxGlory

2012.12.20

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USDCHF Analysis(2012.12.21)

 

USD/CHF during it’s bearish trend touched 0.90837 and this support is the most efficient support already. In 19th daily candle is a hammer candle that indicates sellers can’t make lower prices, next candle with a tiny body (Like doji but not exactly) show us may be we have a change in trend to bullish. As we see in figure in the daily time frame there is a butterfly pattern (harmonic method) that AB=CD in the pattern shaped 50/200 , ideal situation for AB=CD pattern. Stoch indicator in daily time frame is in sell saturated region and probably is an alarm for bullish trend starting. RSI indicator also alarmed for changing trend to bullish. While support line 0.90837 respected , price will have potential to pull up and make a bullish trend.

USDCHF-2012.12.21.jpg

 

FxGlory

2012.12.21

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FxGlory wish you a Happy New Year.

 

1. FxGlory brokerage Christmas holiday hours are as follow:

 

 

  • Trade will be stopped on 24th December at 8 p.m. by terminal time (GMT +2)
  • Trade will be opened on 26th December at 9 a.m. by terminal time (GMT +2)
  • Trade will be stopped on 31st December at 8 p.m. by terminal time (GMT +2)

 

2. At ending days of the year, the bank trades’ volume are low and because of that the spread will increase. Before opening any trade pay attention to the the spread of any currency pair.

 

3. All withdrawals are processed by the Accounting department of FxGlory Company from Monday to Friday, 9 a.m. – 6 p.m. (GMT+2) Minimum by 2 day delay.If you have any question or concern, please contact to : support@fxglory.com

Christmas-FxGlory.jpg

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Technical analysis of EUR/CAD date 02.01.2013

 

EUR/CAD during its ascending trend has been stopped by reaching to the resistance edge of ascending channel and has formed the top price of 1.31845 as it is obvious in the picture below. Right now this top price is recorded by the descending candle after it. In the mentioned top price there is Hanging Man candlestick pattern which warns the possibility of formation of a top price and doubt in more ascending trend. Stoch indicator is in saturation buy area in daily time frame and warns the possibility of decrease of the price according to the next cycle.

As it is obvious in the picture below,the AB=CD harmonic pattern is formed with the ideal ratios of 78.6 and 127.2 in this currency pair that with the formation of D point , there is the possibility of decrease and descend during the next days. The price has been stopped from more descend during it downfall by reaching to the supportive level of 1.30233 (Change of polarity). Right now the mentioned alterant level is an obstacle for the price and breaking of this line is a warning for more descend. Generally according to the formed signs in the chart, until the top price of 1.31845 is preserved, there is the possibility of descending of the price in this chart.

 

2013.01.02-EURCAD.jpg

 

FxGlory

2013.01.02

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Technical analysis of EUR/JPY dated 03.01.2013

 

As it was mentioned in the previous analysis of this currency pair dated 06.11.2012 according to the formed signs and the Wolfe wave technical pattern, there was the possibility of ascending of the price till the target line which finally happened. The price during its ascend has recorded the top price of 116.000 and this level was in the attention of many traders specially buyers because of being rounded and has been used as a target price.Right now this price level is the nearest and important resistance level in front of price (also because of being rounded is important).

 

As it is obvious in the picture below, in daily time frame the price has been stopped by reaching to the descending trend line and Stoch indicator is in saturation buy area warns the possibility of decrease of the price according to the next cycle. Right now the daily candle of the previous day is closed in a descending trend and shows the descending trend in daily and weekly time frame of this currency pair. Generally until the top price of 116.000 is preserved, there is the possibility of recent ascending trend reformation.

 

2013.01.03-EURJPY.jpg

 

FxGlory

2013.01.03

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Technical analysis of USD/CHF dated 04.01.2013

 

As it was mentioned in the previous analysis of this currency pair dated 21.12.2012 according to the technical formed signs, there was the possibility of ascending of the price which finally happened. Right now the price is above 5-Day moving average and the daily candle of the previous day was closed in an ascending trend which warns the possibility of more ascend of price. With the formation of Hammer candlestick pattern in weekly time frame and formation of the bottom price of 0.90820 the price has been stopped from more descend and there is the possibility of price ascending from this bottom price.Stoch indicator is in saturation sell area in weekly time frame and warns the possibility of ascending of the price during the next weeks. Right now there is not any clear technical signs for descending of the price in this currency pair and the previous technical analysis of this currency pair dated 21.12.2012 is still preserved.

 

Untitled-1.jpg

 

FxGlory

2013.01.04

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Technical analysis of GBP/CHF dated 07.01.2013

 

GBP/CHF could record the bottom price of 1.46906 during its descending trend and right now this bottom price is the most important supportive level in front of price. The weekly candle which has relatively long lower shadow is the reason for the attention of the traders to the supportive level at 10.06.2012 which prevents from more descend of price. Right now the price formed a bottom price in supportive level of 1.46906 which is closed above the 5-day moving average and warns the possibility of ascending of the price.

 

Stoch indicator is in saturation sell area in this time frame and warns the possibility of ascending of the price during next weeks according to the next cycle. In 4H time frame of this currency pair, generally the price is in a descending trend range and the drawn descending trend line in the picture below is one of the most important resistance levels in front of price. The price by making the bottom price of 1.48339 shows its first warning for catching the descending trend line and having an ascending trend.Stoch indicator is in saturation sell area in 4H time frame and warns the possibility of ascending of the price according to the next cycle. Generally until the bottom price of 1.46906 is preserved, there is the possibility of increase and ascend of price in this currency pair.

 

Untitled-11.jpg

 

FxGlory

2013.01.07

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Technical analysis of CAD/JPY dated 08.01.2013

 

CAD/JPY could record the top price of 89.479 during its ascending trend and right now this is one of the most important resistance levels in front of the price. The price by reaching and touching the resistance level of 89.479 (which is formed on 08.04.2011) could not pass it and the buyers retreated in this stage. There is an AB=CD harmonic pattern between the bottom price of 72.171 and the top price of 89.479 with the ratios of 78.6 and 127.2 that by completing the ending point of this pattern, there is warning for descending of the price.Stoch indicator is in saturation buy area and according to the next cycle warns the possibility of decrease of the price during the next days. According to this point, this currency pair has experienced the strong ascending trend in the past and if the price level of 89.479 will be preserved, it has the potential of price reformation.

 

CADJPY-2013.01.08.jpg

 

FxGlory

2013.01.08

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Technical analysis of gold dated 09.01.2013

 

Gold chart from late 2011 till now have fluctuated in the range of two important support and resistance levels of 1789.06 and 1530.17. These levels were important top and bottom prices of Gold 5 times. Right now Gold during it descend recorded the level of 1626.42 and has been stopped from more descend. This level is established as the bottom price after closing of the next candles. As it is obvious in the picture below, Gold is in a downtrend channel which the price find an ascending trend by facing its supportive edge and the formation of the long lower shadow in 04.01.2013 candle shows the importance of these levels and the attention of all traders to them (Also in this area there is a alterant level that completes the supportive edge of downtrend channel).There is an AB=CD harmonic pattern between the resistance level of 1789.06 and the supportive level of 1626.42 with the ratios of 61.8 and 161.8 that by completing of the D point in this pattern, there is warning for ascending of the price. RSI indicator is in saturation sell area follows the bottom price of 1626.42 and warns the possibility of ascend during the next days. Generally until the supportive edge of downtrend channel is preserved, there is the possibility of ascending of the price.

 

Untitled-12.jpg

FxGlory

2013.01.09

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Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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