USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – Accessed 2 October 2018 at 5:00 AM GMT The USDJPY currency pair is making a small consolidation zone at the -100% Fibonacci target near 114, which is a new decision zone for a bullish breakout or a bearish bounce. The candlestick patterns will confirm the immediate direction, but ultimately, the trend remains bullish…

Thoughts More than 80% of U.S. IPO’s lose money. Why this isn’t a bearish sign for the stock market. Durable goods continues to trend higher. This confirms the bull market’s rally. ISM Manufacturing is fell a little but is still trending higher. Medium term bullish for stocks. Mergers & Acquisitions will probably boom in 2019,…

The GBP/USD is under pressure as the US Dollar gains strength across the board and worries about Brexit consume the Conservative Party. Where next for the Pound? Recovering may be hard, and falling is more natural. The Technical Confluences Indicator shows that Sterling has noteworthy support only at 1.2984 where we see the confluence of the Fibonacci 61.8% one-month and the Simple…

Tuesday’s Swing-Trades: Long Jacobs Engineering Group (JEC) Long Gilead Sciences (GILD) Short Party City (PRTY)

S&P 500 The S&P 500 rallied during the day on Monday on news that the United States and Canada reached a trade agreement. This was a very strong sign for markets, and of course, it was one of the things that some traders had been worried about. However, towards the end of the day, we…