Skip to content Skip to footer

Technical vs Fundamental: This week’s opportunities

As earnings season matures the markets look towards the indices and equity markets for fundamentally led market opportunities. Better than expected returns and subscriber growth saw the likes of Netflix big gainers in recent days. So shaking off fears of what will happen once Disney and other major distributors remove content from the streaming service in a bid to rival them. As we head towards Halloween, the scarier proposition remains the current and ongoing geopolitical tensions which see FX markets, Gold and Oil enter frenzies where we see mass uncertainty as to future price adjustments and potential intraday trading volumes.

As currently constructed some of the major elements driving these tensions range from Brexit, with D-day fast approaching and still no clear path for how a deal will look for both the EU and UK. US/China trade war, every few days we hear reports of which industry may be next affected by potential tariff rises in this tit-for-tat dispute. Saudi Arabia and the turmoil which was created in the recent fallout from a US-based journalist being killed in apparent torture in Turkey, leading to speculation on the future of the Kingdom and the economy reeling from this uncertainty affecting Oil prices in the process. Below I will analyze the 3 markets most affected by the factors discussed above to see the current positioning of these, and any potential technical trends being formed which could create market opportunity.

Crude Oil

2018 has seen the beginning of the long-awaited rejuvenation in the price of Crude, jumping to a high of $77 per barrel after starting the year at $56. However, with some of the recent tensions in the Middle East, plus OPEC being ousted by Trump for this year-to-date price rise, recent weeks have seen that rally hit a resistance point. Which at $77 is the highest price Crude has listed in 4 years. Looking at the technicals the resistance also coincided with the 10-day moving average peering down towards the 25 and 50 days respectfully, with some hoping for a potential death cross, However with the volume’s approaching oversold, more analysis must be done, and you can find out more via https://www.tradegatehub.com/

EURUSD

EUR USD

Recent dollar strength has been seen as one of the contributors to recent sell-offs in emerging markets economies. Looking at EURUSD we can see post-spring to date after a long bear run in this pairing, we have entered a consolidation. With the notion that a weak dollar is good for all, plus the technical positioning of this support point will see a lot of retail traders potentially lulled into longs here. What are your views on this?

XAUUSD

Gold continues to create history

Continuing with the dollar strength story we saw Gold fall back to its long-term floor price of $1,189.Last week’s ally led by a weak start to earnings season has also slowed as the volumes seem to have reached overbought territory. This in conjunction with the moving averages may be an anticipation of what goes up eventually coming back down, with that long-term floor price potentially the next stop if indication mature how many traders may be hoping.

For you, scouting the correct opportunities whilst managing your risk will be one of the biggest hurdles in achieving success in your trading. Here at Tradeview, we have recently launched TradeGate Hub –  which offers real-time social trading services from our own team of well-vetted and experienced traders. Along with fundamental news and the potential effects they may have on markets you trade.

To join us for this and more click here.

 

Show CommentsClose Comments

Leave a comment

0.0/5

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.
Website: www.tradeviewforex.com

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.
Website: www.tvmgloballtd.com

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.
Website: www.tradeview.eu

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.
Website: www.tradeviewlatam.com