Michael_Harding

Michael_Harding

Key Takeaways Oil falls 3.54% in worst single day decline since June 11 Trade below 200 SMA on Daily Divergence RSI and PA Technical Analysis Yesterday Crude Oil Inventories came in at -10.612M which added some strength to the oil prices. Today we're seeing pretty much a complete reversal of yesterday's gains. Now trading below $40. RSI is confirming...

03:16

Michael_Harding

Key Takeaways 130 points away from all time high Stocks higher after the meeting Fed's Powell: The labor market has a long way to go to recover. Fed's Powell: There's clearly a risk we're going to see a slowdown in the rate of growth, in economic activity, and in hiring. Fundamental Analysis SPX was mixed after the FOMC where interest rates were...

Michael_Harding

Key Takeaways DXY stays offered in the mid-93.00s ahead of the FOMC event. Advanced trade deficit came in at $70.64 billion in June. The FOMC meeting and Powell’s press conference are next of note. Fundamental Analysis Market speculation of further stimulus, lack of progress with quarantining the virus in the U.S, and the US/China tensions continued to...

Michael_Harding

Key Takeaways Broke below 200SMA and Ascending Trendline on Daily Timeframe Trending below 50 with RSI $200 could support price action Trade Idea Short Target remains @ $190. A break below the $200 psychological support will provide an opporunity to add additional short positions to this trade setup Regards, Michael Harding RISK DISCLAIMER...

Michael_Harding

Key Takeaways DAX barely budged this morning -0.11% FTSE 100 +0.49% 200 SMA Support Technical Analysis 4Hr timeframe for EG looks for supported in the interim as traders put their focus towards the NY session with all eyes on the FOMC later today. If we're able to break below the 200SMA I would look for the 0.9 psychological level for nearterm...

Michael_Harding

Key Takeaways UK PM Johnson's Spokesman: Seeing signs of a second wave of the pandemic in some other European countries. UK July CBI retailing reported sales +4 vs -25 expected Major indices off the session lows The major European stock indices are ending the session with mixed results. However most of the indices are well off there intraday lows. The...

Michael_Harding

Technical Bias: Bearish Key Takeaways Double Top technical pattern EUR/JPY retraces Monday’s decent advance and returns to 123.50. Virus cases are suddenly rising in France, Germany and Spain, raising concerns for a second wave. Technical Analysis The cross remains under pressure on the back of the continuation of the buying interest surrounding the...

01:44

Michael_Harding

What's up Traders! Let me know what you all think of shorting this precious metal at these levels as we approach the FOMC. Thumbs up, thumbs down, let me know... Cheers ~Michael Harding

Michael_Harding

Technical Bias: Neutral/Bearish Key Takeaways Broke above previous 2011 all times highs Major divergence between Gold and DXY ( in orange) RSI Overbought Fed Meeting on Wednesday Technical Analysis Ever since we broke above $1800 there hasn't been any stalling action as the COVID19 contagion continues in the U.S. Last Friday we managed to break...

05:12

Michael_Harding

Hey Guys, If you follow me you'll know that I post my trade ideas/plans quite frequently here. Here I explain several ideas for short selling GBPUSD in the nearterm with entry, stops, and target ideas. Hope you find this video educational and inspiring. Cheers! ~Michael Harding

04:45

Michael_Harding

Just a quick recap follow up for the last video I posted yesterday about BTCUSD

05:18

Michael_Harding Updated 

2023 Future Forecast for BTCUSD is $12,000 Some basic knowledge about Bitcoin See bullet points below * It trades against the USD * Encourages money laundering - No ID required * Performs poorly when there's global uncertainty. * Without Blockchain Bitcoin is worthless * When there is global uncertainty, Gold and USD perform the best * When the Fed prints...

06:26

Michael_Harding

Last week we saw some major USD weakness across the board as COVID19 case numbers continued to grow causing concerns about the future outlook. Gold also topped the highest level since 2011 closing out the week just above the 1900 handle. This week we do have some major market movers on the docket including GDP, Employment Change and CPI from the Euro...

01:02

Michael_Harding

Short Setup Confirmations Resistance RSI Divergence Shoot Star Reversal Formation Target: 38.2% Retracement from latest upswing Trade Sage - Trade Well RISK DISCLAIMER: Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of...

Michael_Harding

EURJPY Double Top on daily timeframe with RSI Divergence could signal a reversal.

Michael_Harding

I'm an Intra-day trader but let's see how close I am with this future forecast.

Michael_Harding

Today we managed to break and hold below the 200 MA on the daily time-frame. Target remains at $190

Michael_Harding

Technically bearish Q2 Earnings very short lived Struggles to hold above 200 SMA Stock pared its gains since the report Weekly candle made lower low. Further downside is warranted. Near-term Short Target $190