RF_Trading

RF_Trading Updated 

Long if it breaks 107, short if it breaks 103, that's the simple set-up here. NFA

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Once again pretty important level on the Chinese market. If the price can hold this level we could expect a rally to the top of the triangle, otherwise if it loses it, we will probably visit the lows. NFA

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After bouncing off the support at 101, the DXY is perfectly following the predicted trajectory, despite all the USD bearishness in the market. I am expecting a brief retest of 103.6 and then a push to 105 area. NFA

RF_Trading Updated 

Everyone in bearish on the USD, but with the upcoing FED meeting and the price that found support at 101 level, we could see a breakout and a visti of the 200 SMA (ca. 102.9), with an extension to 103.6. This wouldn't suprize me, be prepared out there! NFA

RF_Trading Updated 

We are entering in a very reactive area. Possible bounce from here, target ca. 103. Lose the box and we visit 98-100 range. NFA

RF_Trading Updated 

There is a possible ascending triangle in the making, we are very close to attempt a break-out, which after a re-testing could lead to a rally to 4.3-4.35k area. NFA

RF_Trading Updated 

We are getting closer to a decisive moment for A50. Hold the box and run back to 13.4k-13.5k or lose it and go down to 12.6k. No trade zone now, wait for breakdown or breakup. NFA.

RF_Trading Updated 

If we go up from here a reclaim of the box would be likely. If the box is flipped look for 4.25k-4.30k target. If rejected we could go down and retest the blue line support. NFA

RF_Trading Updated 

If DXY can keep the box and rebound from there there is a good chance to revisit 105. If it breaks below, be ready to re-visit the 101 zone. NFA.

RF_Trading Updated 

SPX seems to test the uptrend broken in Feb. If we can get back up, we could expect the rally to continue. If we fail, we will probably go visti 3.9k. NFA.

RF_Trading Updated 

USD broke out of the downward sloping line and is consolidating above it (bullish). I don’t see a reason for not visiting 105 if we get a disappointment on CPI today. Alternatively, we could retest the descending line, but eventually I am expecting the USD to get to 105 anyway.

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Previous H&S idea was invalidated, the price went testing the top of the descending triangle and seems to find some bid there. If we can rally from here we could visit again the range 14'750-15'000. If the price closes back below the triangle look for bearish continuation.

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Price has tested support and rebounded on the descending triangle which was also the 200 SMA. I am expecting the price to raise from here and complete a possible right shoulder (neck at 14.3k). This could lead to a powerful breakout. NFA.

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We are still in a box (range 4.1-4.2k), but decision will come soon, with CPI today we will surely have a move outside of it. I personally expect a sideways price action until we get the new number. Same targets as before, breakout could bring us to 4.3k+, breakdown test the descending triangle 3.9/4.0k. No trade today until CPI comes out.

RF_Trading

To celebrate the new year, here some TA on the China A50 index: The breakout of the descending triangle led to a powerful rally that is still in full place and will most likely bring us to 15k. The golden cross (50 SMA crossing 200 SMA from below) could be the fuel to propel us there. 15k represents a major resistance, if broken on the first attempt (unlikely),...

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SPX find itself on a very decisive moment, in fact the price is sitting on the 38.2% Fibonacci retracement of the entire down move. Additionally, we are touching the top of the descending triangle. A breakout could send the price straight to the 50% retracement (4'155), a rejection would send it lower to test the 23.6% retracement at 3'812. Looks like a very clear...

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Scenario 2 played out and we are testing the top of the descending triangle. A rejection would be bearish and would send us at around 3.9k to the bottom of the triangle, where we can either bounce back an restest the top or break down and visit 3.6k. A (confirmed) breakout here would be very very bullish and we could go straight up to 4.3k. Everyone knows about...

RF_Trading Updated 

Price is consolidating in a bear flag that could break below 3.8k. Given that we have the 50 SMA crossing the 100 SMA from below (bullish), we could have a little rally here but not expecting fireworks (ca. 3.9k should act as resistance). A break should happen below 3.8k, send the price to 3.7k, consolidate a bit and then move lower towards 3.6k. We keep a door...