Technical Analysis of the Financial Markets

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TSLA Technical Analysis – Where next for Tesla Stock?

TSLA Technical Analysis – Where next for Tesla Stock?

Latest, Stocks
After a dip in price TSLA looks set to rally/consolidate in the next few weeks days as we once again push towards the record highs set on the 23rd June 2017. Whether this will lead towards a further jump or consolidation remains to be seen. In our previous analysis of Tesla stock here we successfully bought Tesla stock prior to its current resurgence. We have now entered a critical area for Tesla in that we are approaching the consolidation zone where this stock made record highs. In the chart above i have highlighted the key selling area for anyone looking for an opportunity to short this stock at a good price. Today we have touched and rested at this zone around the $367 mark. If we do see further upside we should look to bolster our positions as any further rise in price re
EURUSD Technical Analysis – EURUSD rejection at resistance.

EURUSD Technical Analysis – EURUSD rejection at resistance.

Forex, Latest
EURUSD Technical Analysis The EURO has rallied against the US Dollar from the low in December 2016. Today it reached the resistance level at 1.1720 created by the high in August 2015. The touch of this level has created a pin bar candlestick pattern with the daily high touching the 1.720 area to the pip. The rejection of this level opens up the opportunity to short this currency pair with a medium to long term holding. For confirmation of the short trade we should look for a break of an ascending trend line underneath price on the lower time frames. In this particular trade a break of an ascending trend line on the 4hr charts should be sufficient. To add confluence to this trade set up we also have the Relative Strength Index showing over bought conditions as shown in the cha...
AUDUSD Technical Analysis – AUDUSD surges into weekly supply.

AUDUSD Technical Analysis – AUDUSD surges into weekly supply.

Forex, Latest
AUDUSD Analysis So far this week the Australian Dollar has surged against the US Dollar, adding further gains to last weeks rally. This surge in price has highlighted a major potential turning point in this financial instrument from which to place a counter trend trade and bag some pips. We have a triple confluence trade set up forming. Price has risen inside the weekly supply zone from which we saw a drop in May 2015. This area is likely to contain a significant amount of sell orders from the large institutions hoping to short at a bargain price. We also have the trend line (blue) which price has broken and tested many times in the January 2016. Price action around this trend line is of high importance to confirm the short. To round up our reasoning behind selling this pair we ha...
Bitcoin Technical Analysis – Bitcoin takes a dive, further downside projected.

Bitcoin Technical Analysis – Bitcoin takes a dive, further downside projected.

Forex, Latest
Bitcoin sustained a significant sell off on Friday, dropping from $2210 to a monthly low of $2000 against the US Dollar. In my previous analysis of Bitcoin here I correctly predicted the sell off from the $2600 area and we are fast approaching our take profit down around $1900. The $1800 level, our last rally point, will contain a large proportion of buy orders which should see price rise in the short term. With Bitcoin being relatively young as a financial instrument the application of trend lines on the larger time frames seems less than fruitful when catching a turning point in the market. Therefore any traders buying around the $1800/$1900 level should proceed with caution with regards to long term profit targets. To add weight to the possible turning point, we have the Re
Tesla Inc TLSA Technical Analysis – Tesla stock price pulls back in to a buying opportunity.

Tesla Inc TLSA Technical Analysis – Tesla stock price pulls back in to a buying opportunity.

Latest, Stocks
As we focus on Tesla Stock we see that after making an all time high of $387.60 on the 22nd June, Tesla stock has fallen dramatically in the last few weeks hitting a low of nearly $303 in the days trading. This fall taking almost $80 off the value of the stock in a relatively short amount of time. If we zoom out and look at the dramatic rise of Tesla Stock we can see it hasn't really shown any signs of slowing down since the beginning of the year. This recent dramatic fall is out of character for this company and it gives us an excellent opportunity to buy this stock at a bargain price. Yesterday and today price has consolidated into the demand zone created in the middle of May. This area represents fantastic value for anyone wanting to purchase Tesla stock to ride the next leg h...
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