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ftse100 forms double bottom around 7100, good to buy on dips Ichimoku Analysis (Hourly chart) Tenken-Sen- 7147 Kijun-Sen- 7161 FTSE100 has formed almost a double bottom around 7100 and shown good recovery. The index hits high of 7184 and is currently around 7179. Global markets are trading higher on account of stimulus hopes from major economies. It has formed a minor bottom around 7020 and shown a jump till 7230 levels. Short term trend is still bullish as long as support 7100 holds. On the higher side, near term resistance is around 7192 and any violation above will take the index till 7235-40/7285. It should break above 7305 for further bullish continuation. The near term support is around 7140 and any convincing break below will drag the index down till 7100. Minor trend reversal below 7100 and major bearish continuation only below 7000. It is good to buy on dips around 7145-50 with SL around 7100 for the TP of 7240/7285. Source  - Technicals 23-August-2019 18:07:22 atiroxintraday #atiroxltd #mibatirox #supertraderfx #economyforecastus #thewhitehouse #amla #technicals https://www.instagram.com/p/B1gYnwKDOrs/?igshid=18tvf75jm0p2b

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GBP/JPY ST: the RSI is oversold 19-June-2019 12:25:08 Our pivot point is at 132.87. Our preference: rebound towards 143.98. Alternative scenario: below 132.87, expect 128.69 and 126.20. Comment: the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 137.56 and 141.32). Supports and resistances: 148.97 ** 146.47 * 143.98 ** 141.48 136.14 last 134.51 132.87 ** 128.69 * 126.20 ** Written on 06-19-2019 at 06:22 UTC+1 Price reference: 136.14 last known on 06-19-2019 at 06:22 UTC+1 Investment horizon: ST #atiroxltd #mibatirox #mibatiroxcontinental #supertraderfx #forexstockeducation #investmentmalaysia #pamminvestment #pammaccount #pammforex #pamm https://www.instagram.com/p/By6QTKljLMJ/?igshid=1liapdyh8jsoj

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U.S. retails sales grow strongly in May, consumer spending remains strong  U.S. retail sales grew slightly below expectations in May. Sequentially, retail sales grew 0.5 percent as compared with expectations of a rise of 0.6 percent. The April month’s data was upwardly revised from a fall of 0.2 percent to 0.3 percent. Stripping the most volatile components (gas, autos, building materials, and food services), the retail sales ‘control group’ rose 0.5 percent, and was upwardly revised from a flat reading in April to +0.4 percent. Most of the sub-categories rose in the month, with non-store retailers leading the way with a rise of 1.4 percent. Electronics and sporting goods both rose 1.1 percent, whereas motor vehicles and parts and general merchandise both rose 0.7 percent. On the other hand, sales and miscellaneous, department stores, and food and beverage stores saw declines in the month. Declines in these categories in May came after recording strong rises in April. Looking at today’s data, it appears that consumer spending is regaining its footing in the second quarter with growth likely to exceed 3 percent mark, noted TD Economics in a research report. Business confidence has eased lately; however, consumer confidence has held up well. As long as job growth continues, the fundamentals will remain in place for consumers to drive the economic growth. “Indeed, with credit spreads remaining tight and treasury yields falling, households are benefiting from lower borrowing costs, which should support the housing market and spending on related items (including autos) in the months ahead”, added TD Economics. At 16:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was highly bullish at 110.063. Commentary 15-June-2019 00:38:06 atiroxhedgingstrategy #atiroxforexblog #atiroxltd #mibatirox #mibatiroxcontinental #supertraderfx #ibatiroxltd #forexstockeducation #investmentmalaysia #pamminvestment #pammaccount #pammforex #pamm https://www.instagram.com/p/BysrNafjWqc/?igshid=1i2nuhu6nd349

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USD/CNY back below 6.93 Mark, People's Bank of China sets Yuan mid-point at 6.8930  USD/CNY is currently trading around 6.9161 marks.   It made intraday high at 6.9297 and low at 6.9135 levels.   Intraday bias remains bearish till the time pair holds key resistance at 6.9297 mark.   A sustained close above 6.9297 marks will test key resistances at 6.94, 6.9525 and 6.9648 marks respectively.   Alternatively, a daily close below 6.9297 will drag the parity down towards key supports at 6.9056, 6.8979, 6.8628, 6.8525, 6.8210, 6.80 and 6.7813 marks respectively.   Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.   PBOC sets yuan mid-point at 6.8930/ dlr vs last close 6.9305. We prefer to take long position on USD/CNY around 6.91, stop loss 6.8979 and target of 6.9525/6.97. Technicals 11-June-2019 15:35:07 atiroxhedgingstrategy #atiroxforexblog #atiroxltd #mibatirox #mibatiroxcontinental #supertraderfx #ibatiroxltd #forexstockeducation #investmentmalaysia #pamminvestment #pammaccount #pammforex #pamm https://www.instagram.com/p/Byj_AFUjh_M/?igshid=l04srq00haae

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can GBP/JPY bears drag inverse saucer? uphold short setup as engulfing looks more efficient than hammer Technical analysis (chart and candlestick patterns occurred): GBPJPY formed inverse saucer pattern on daily plotting. Bears have been dragging inverse saucer pattern to signal further weakness, price in this minor trend slide constantly below DMAs. Although you see some minor upswings, the failure swings have been observed recently at 138.152 level which is acting as the resistance at the inverse saucer. Hence, the recent mild price rallies have not been convincing as the momentum and trend are in conformity to the downswings (in bears’ favor). On a broader perspective, the major downtrend that went in the consolidation phase has now resumed bearish streaks again (refer monthly plotting), where the stern bearish engulfing patterns have occurred at 136 and 146 levels on monthly terms to nudge prices below EMAs. Consolidation phase attempts to resume upon hammer pattern at 142.689 levels but fails at 61.8% Fibos, as a result, major downtrend back in action as bears on verge of retracing 78.6%. Thereby, we could foresee the current downtrend seems most likely to extend on intensified bearish momentum and bearish DMA & MACD crossovers. One can now uphold shorts in futures contracts of mid-month tenors with a view to arresting further potential downside risks. Writers in a futures contract are expected to maintain margins in order to open and maintain a short futures position. Alternatively, on daily trading grounds, at spot reference: 138.098 levels, we advocate shorting for targets up to 137.329 levels with the strict stop loss of 138.484. Thereby, the strategy is likely to fetch decent yields with an attractive risk/reward ratio. Currency Strength Index: hourly GBP spot index is flashing -28 (which is mildly bearish), while hourly JPY spot index was at -174 (bearish) while articulating (at 06:57 GMT). Technicals 10-June-2019 15:00:20 #atiroxltd #atiroxhedgingstrategy #atiroxforexblog #supertraderfx #pammaccount #pamminvestment https://www.instagram.com/p/ByhhhAXjnO3/?igshid=1j5n5bfz47w38

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Japanese Govt. Bonds close higher despite better-than-expected Q1 gdp; eyes on super-long 3-year auction  The Japanese government bonds closed higher on the first trading day of the week Monday after investors have largely shrugged-off the better-than-expected rise in the country’s gross domestic product (GDP) for the first quarter of this year, released late yesterday, while markets still eye the super-long 30-year auction, scheduled to be held on June 13 by 03:35GMT for further direction in the debt market. At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, slipped 1 basis point to -0.122 percent, the yield on the long-term 30-year slumped nearly 2-1/2 basis points to 0.373 percent and the yield on short-term 2-year plunged 19-1/2 basis points to -0.194 percent. Both US stocks and bonds rallied on Friday on the back of heightening expectations of a “Powell Put”, fuelled by weak May US job data. Yield on 10-year US Treasury touched a low of 2.053 percent, the lowest since September 2017, OCBC Treasury Research reported. Market has priced in a rate cut as early as July. On the trade tension front, the US announced that it will suspend the threat of tariffs on Mexico “indefinitely” after both sides reached a signed agreement on immigration issues, sending the S&P futures higher this morning, the report added. Meanwhile, the Nikkei 225 index closed 1.12 percent higher at 21,118.50, while at 06:00GMT, the FxWirePro's Hourly JPY Strength Index remained highly bearish at -174.24 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). Commentary 10-June-2019 14:02:48 #atiroxltd #atiroxhedgingstrategy #atioxforexblog #supertraderfx #mibatirox #mibatiroxcontinental #investmentmalaysia #pammaccount #pamminvestment #pammforex #pamm https://www.instagram.com/p/ByhMhszjBSE/?igshid=stjgh2at4g7s

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United States Apr 2019 consumer credit increase to 17.5 USD (first 12 USD) vs. prev 11.03 USD (revised from 10.28 USD)  G20 Indicators 08-June-2019 03:00:57 #atiroxltd #atiroxhedgingstrategy #atieoxforexblog #supertraderfx #mibatirox #mibatiroxcontinental #investmentmalaysia #pammforex #pammaccount #pamminvestment #pamm https://www.instagram.com/p/BybB_xnj724/?igshid=128sormc71ohb