wisepowder's blog

Buyers Looking To Rally To Last Month Highs

The price handle level of 0.69490 which for the has been a strong resistance level for the past approximately four weeks or thereabout, today has offered the market participants and in particular the buyers a broadway of least resistance as market speculators with one good green momentum thrust past the ceiling zone during yesterdays new york trading session.To get more news about WikiFX, you can visit wikifx official website.

　　Bullish market participants had been angling for this kind of price action as you can view on the chart with an ascending wedge channel pattern and higher lows formation.

　　A further bullish move is still expected as market participants look to test the high price handle level 0.70 which the market participants would want to take notice of since, this handle line has been the high level line for three trading months of July, August and September and probably may be for this trading month, speculatively as, it may hold as a strong supply order zone.

　　With such a large move up yesterday, a probable good market buy or entry will be limit orders at or near the line breaks of the channel or previous highs.

Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

　　Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.

A nice sell trade opportunity is playing out on this pair as the price action found buyers offered least resistance at minor support floor around the price handle 75.50 area. In addition, this setup has ideal technical confirmations backing up as nice trade idea supported by two confluence that may not be missed by the market participant and that is;To get more news about WikiFX, you can visit wikifx official website.

　　Ø On the four hour chart, the 50 moving average has hold as dynamic resistance band and you could view and bearish three step soldier pattern and interesting to note that the three green candle were exhausted elongated wicks meaning buyers were exhausted testing the up move.

Just for your interest, if you zoom out on the four hour chart, you happen to view or may notice a wide or very elongated head and shoulder pattern as per your preferred markings.

　　Bearish market speculators may be looking at the price handle level of 74.0 being the ideal profit target zone.

　　Of course, ones discretion and risk management is advised.

　　Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

　　Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.

Look For Sell Opportunity

Market speculators may be setting up for a nice sell setup and sell-off run today as we view a head and shoulder pattern clearly playing out inside an ascending channel and a nice clean retest of the neckline.To get more news about WikiFX, you can visit wikifx official website.

　　Current price action and structure is below the 50 moving average with the band holding of now twice, and acting as nice technical confluence for bearish trade setup confirmation especially for near on point entry and risk management on risk:reward scenarios during and at closing of todays Asian trading session and at the start of London trading session.

Previous demand zone levels block between price handle level 104.385 and price handle 104.0 may be on sights for sellers profit target zone and in the interim, price handle level of 104.8 may portend to be short target bet.

　　Of course, ones discretion and risk management is advised.

　　Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.

　　Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.

Bearish Bets In The Offing

After quite some good bull run, we are likely also to see a short term sell-off in the coming days or weeks as we see buyers seemingly facing exhaustion at this point based on chart readings. Interestingly, general market sentiments for this pair are that market participants are holding net long positions. And, buyers are facing resistance at previous respected supply zone area.To get more news about WikiFX, you can visit wikifx official website.
　　To have a look at this pair in longer term view, on the 6 day chart, we see there was a false breakout past the 200 moving average as price not only juggling between the band but last week trading session candle conclusively opened and closed below the now dynamic resistance band.

　　Going down to smaller timeframes of both the 4 day chart and the daily chart, the price action structure is drawing out a head and shoulder pattern formation at this point confirming our bearish trade idea going forward.
　　Market speculators may be interested in my technical analysis that I viewed on the daily chart below, is that, the trend line that I drew connecting the previous highs on the 6 day chart above, and when you switch to the daily chart, not only do you see this technical line tested once but twice and, the Friday trading session candle traded below this line!
Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years’ experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.

Weekly Focus on the US Dollar Index

The US dollar showed its financial Strength last week, consequently ending a two-week losing streak.To get more news about WikiFX, you can visit wikifx official website.
　　Adding 0.7 percent, buyers navigated from daily demand at 92.71/93.14 at the beginning of the week and eventually revisited a daily trendline formation (102.99), a level linked with a small area of daily supply at 94.08/93.84. Traders will also note the RSI oscillator is seen closing in on trendline resistance (prior support).

　　Bringing down the aforesaid resistances this week establishes a basis for buyers to target daily resistance from 94.65 and even the longer-term daily resistance level at 95.83.
　　With respect to the 200-day simple moving average, circling 96.84, the dynamic value continues to curve lower, two years after mostly drifting higher.
　　In the context of trend, previous research highlighted the following:
　　· A large-scale pullback since March 2008 from 70.70 is seen on the monthly timeframe (primary trend is considered south).
　　· The daily timeframes immediate trend has also faced lower since March 2020. Breaking the noted resistances this week, however, suggests a deeper pullback could be in the offing.August, as you can see, toppled supply from 1.1857/1.1352 and extended space north of long-term trendline resistance (1.6038), arguing additional upside may eventually be on the horizon, targeting trendline resistance (prior support – 1.1641).
　　Before seeking higher territory, a dip to the recently penetrated trendline resistance (support) could materialise, backed by Septembers monthly outside bearish reversal candle that snapped a four-month winning streak.
　　The primary downtrend (since July 2008) remains intact until 1.2555 is engulfed (Feb 1 high [2018]).

Bullish Momentum Breaches Strong Resistance Area

Very strong bullish momentum push by market participants during yesterday trading session broke past a major resistance area and a major pivot level that hold fort as since the start of the second half of this year. The strong price action move up did touch the 200 day moving average.To get more news about WikiFX, you can visit wikifx official website.
　　Starting this month trading session, price action remained bullish as market speculators traded above the 50 moving average holding as dynamic support band.
　　Traders’ sentiment is still bullish as price shot up past the price handle level of 1.67, nevertheless, the 200 M.A is flat and we may expect a little bit of consolidation wave around it as price zones level around 1.675 was a previous supply zone area and can expect a bit of short sell.

　　Bullish market participants may wait for a retest of both last week trading session highs if looking for good risk : reward trade idea and limit order setups for this pair.Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years’ experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
　　Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.

Trend of Sterling During the Key Period of UK-EU Negotiations

After the EU‘s chief negotiator Michel Barnier had a 12-hour tunnel talk with the UK last Friday, British Prime Minister Boris Johnson’s official spokesman stated that although some progresses had been made, it is a pity that both sides did not reach an agreement due to some divergences. The EU hoped that the UK can make more concessions to reach the trade agreement that has been discussed for a long time.To get more news about WikiFX, you can visit wikifx official website.
　　The financial market seems to believe that both sides will reach an agreement, which brought a continuous rebound sterling. Hence, GBP/USD rallied to 1.3049 from 1.2675 recorded on September 23th, showing no worry about the UKs hard brexit in the financial market. Johnson said last week that according to an ultimatum, if the agreements are not likely to be reached before October 15th, the UK will terminate the negotiation completely and plan to brexit without trade agreements.

It is believed that the EU will file a suit against the UK on its internal market bill, so more attention should be paid in the next few days. And sterling is supported by the easing atmosphere in the negotiation. If sterling keeps rebounding, there would be a dramatic turning point that the final trading agreement is signed between the UK and EU. However, be careful that the good news may bring more attention in addition to some risks. The latest economic data released by the UK seems very bad, and its future data is expected to be worse due to the second round of COVID-19 outbreak.
　　Therefore, the Bank of England is more likely to impose negative interest rates or strong quantitative easing. It is estimated that some senior traders will seize the chance to sell in the market, and sterling may drop from a high level under the pressure. If the good news comes, sterling may challenge the upward resistance level of 1.3186-1.3267. So investors should be careful about buying at the level area. Meanwhile, sterling is set to fall to the level of 1.28 due to the possible hype based on the negative news in the market.

A lucky lottery player in New Jersey has won a $202 million jackpot, officials announced Wednesday.Get more news about 牛博棋牌包网,you can vist nb68.com

The Quick Stop Food Store in Edison sold the winning Mega Millions ticket for Tuesday's drawing.

The jackpot, the first won by a Mega Millions player in 2020, has a cash value of $142 million, New Jersey Lottery Executive Director James Carey said.Carey presented a ceremonial $30,000 bonus check to the Quick Stop Food Store owner at a news conference Wednesday.

But the big winner won't have to show his or her face to the world: New Jersey Gov. Phil Murphy signed a new law in January which allows lottery winners to stay anonymous.The winner has not yet come forward and has one year to do so.

Carey urges the winner to "sign the back of that ticket right away."

"Put it in a safe place," he added, "and then go out, talk to your family, talk to your attorney, talk to a financial adviser, come to us and claim that ticket."

The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls.Get more news about 牛博彩票包网,you can vist nb68.com

Since March, Texas, Arkansas and Montana and several other states have seen an increase in sales, in part, driven by housebound residents putting cash down for scratch-off tickets. But lottery officials say other states, like Massachusetts and Oregon, confronted revenue drops due to stay-at-home orders that forced the closure of restaurants, bars and some retailers selling tickets.Some also blamed a lack of an online presence, something only a handful states currently allow.

“We got used to lottery as a constant companion supporting the system and it was a gut punch to realize we don’t have the time to react,” said Chris Havel, spokesperson for Oregon Parks and Recreation, which laid off 47 people and closed more than two dozen parks due to a $22 million projected budget shortfall through next year driven in part by a drop in lottery revenues.

State lottery revenues do not make up a huge portion of a state budget. But because the monies are often directed to specific programs like education, environment or veterans programs, they can have an outsized impact when there are upticks or declines in sales.

Massachusetts Treasurer Deborah Goldberg told lawmakers in April that the lottery was hobbled by the closure of claims centers and the lack of an online presence — something that helped neighboring New Hampshire and several other states attract new players. Currently, at least nine states allow online lottery sales, according to the North American Association of State & Provincial Lotteries.

“This pandemic has dramatically exposed the limitations and vulnerabilities of the Lottery’s all-cash, in person business model,” Goldberg said.

The pandemic and the subsequent economic downturn were expected to be a good thing for lottery sales. Past studies have shown a correlation between a rise in unemployment and increase in lottery sales — a trend that prompted an anti-gambling group to unsuccessfully call for states to shut down their lotteries until the coronavirus pandemic ended.

“We have known for some time that people end up playing the lottery more often or with more of their dollars when they get put in dire circumstances, when they have a drop in income,” said Cornell University business professor David Just, who has studied lottery purchases.

A New York attorney who dubbed himself the "Lottery Lawyer" was charged in a million-dollar scheme involving three other men, including an accused mafia member who allegedly helped him siphon funds to support their own lavish lifestyles, prosecutors said.Get more news about 菲律宾牛博包网,you can vist loto98.com

Jason "Jay" Kurland, once considered the go-to lawyer for jackpot winners, was charged with conspiracy, wire fraud and money laundering in connection with an alleged $107 million scheme to defraud unassuming clients, including the winners of multibillion-dollar jackpots, according to a federal indictment unsealed Tuesday.

The victims were not identified by name, but prosecutors said they included the winners of a $1.5 billion Mega Millions jackpot, a $245 million Powerball jackpot and a $150 million Powerball jackpot."Lottery winners can't believe their luck when they win millions of dollars, and the men we arrested this morning allegedly used that euphoric feeling to their advantage," FBI Assistant Director-in-Charge William Sweeney said in a statement.

The alleged victims each paid Kurland and his firm hundreds of thousands of dollars for investment advice, according to the statement.After gaining their trust with primarily traditional investments, Kurland steered his clients to invest in various entities and business deals controlled and directed by three co-defendants, one of whom is a reputed Gambino family mobster, according to federal prosecutors in Brooklyn.

"The FBI New York discovered how these victims were persuaded to put large chunks of their cash into investments that benefited the defendants," Sweeney said. "Rather than try their luck at the lottery, these men resorted to defrauding the victims to get rich -- but their gamble didn't pay off."

Francis Smookler, Frangesco Russo and former securities broker Chirstopher Chierchio received kickbacks, which Kurland allegedly failed to disclose to his clients, according to prosecutors.