Precise + Trading

Forex Analysis & Trade Setups

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PepsiCo CEO Indra Nooyi: No, Women Can’t Have It All http://ift.tt/1vwyoj1

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Spinning hands

Source: Themes By Eris

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U.S. stocks rose on optimism the economy is recovering from a first-quarter contraction

U.S. stocks rose on optimism the economy is recovering from a first-quarter contraction, while Treasuries advanced and the dollar fell. European shares tumbled as crises deepened in the Middle East and...

[precisetrading]

Twitter Approaching Trendline Resistance

After Twitter ($TWTR) debuts its IPO to great fanfare, it shot straight up and hit $74.73 on Christmas 2013. When most people and companies received gifts and presents from Santa, Wall Street soured on the social media darling.

Twitter ($TWTR) has since spent the last 6 months in a decline that's been constrained within a channel. Past rallies had all failed to make it to the top trend-line of the channel.

However, the current rally broke an inner trend-line and presently testing the ceiling of the channel. A breakout will suggest a new rally and re-calibration of price projections.

What To Watch For

A breakout above channel resistance.

Rejection at resistance

Counter trend-line break.

Our Bias

Our bias is bearish and expect a rejection at resistance and subsequent decline to our medium term target at $26.55.

Price Projection: $26.55

[precisetrading]

The Euro Bears

“The euro bears are gaining ground. Investors have been positioned for a weakening the euro for some time now, but their bearish view on the currency has been accelerating since the European Central Bank’s revealed easing measures on June 5.

  “Bearish calls on the currency by June 10 had reached a level not seen for a year, according to weekly data released by the Commodities Futures Trading, with net $10 billion in trades which short the euro against the dollar.”

Read more: http://www.elliottwave.com/freeupdates/archives/2014/06/17/EURUSD-It%e2%80%99s-Oh-So-Quiet.aspx#ixzz35ivpS1sb 

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Is the US Dollar ready for a rally?

The US dollar broke the down trend-line and staged a rally to hit Tip-UP on the weekly time-frame. The buck has been declining against the majors for the last couple weeks.

At the current levels, though, it's important we focus on the $USD with much interest. We see a potential for a 1-2-3 BULLISH setup.

The case for potential long setups:

Price at the TIP-DOWN

On the back of the bearish trend-line (trend-line support)

Indicators both turning up at a confluence is a strong indication of a potential REVERSAL

In the next couple weeks, we'll monitor the $USD against the majors; $AUDUSD, $EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and USDPY. for potential long setups if reversal is confirmed.

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Football match-fixing: Secret footage shows Ghana football chief agreeing to take part in "rigged" match

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National Mall, Washington, DC

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Lake Arbor panorama

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How to leave a party: Ghost vs. Goodbye – another brilliant flowchart for modern life from artist Wendy MacNaughton and writer Caroline Paul (a powerhouse creative couple), who previously gave us Should I Check My Email? (one of the best infographics of 2013) and What Mode of Transportation Should I Use?

Pair with MacNaughton’s wonderfully thoughtful illustrated love letter to life’s meanwhile moments and some of our past collaborations.

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Boredom is the root of all evil - the despairing refusal to be oneself.

Soren Kirkegaard

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Lake Naivasha | Kenya (by Nacho Coca)

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Google's Doodle 6/23/14

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http://wp.me/p4tt57-1l

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Inspirational Words & Pictures A BEACON OF LIGHT IN AN OTHERWISE DARK WORLD http://awe.sm/s6LuU

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"Boredom is the root of all evil - the despairing refusal to be oneself." - Soren Kirkegaard,