Good day traders!
It's a slow and foggy Sunday here, so this is the best time to recap some things and prepare for the markets in the week ahead.
A warning to be careful about various ICO-s. As Twitter user @Jason points out, you can get a Whitepaper written for your random ICO, starting from $80.
It doesn't mean that all ICO-s are scam, on the contrary. But please do your research and don't let greed blind you.
@Jason via Joseph Young
Interactive Brokers' chairman Thomas Peterffy, warns Wall Street against Bitcoin futures, in an open letter to CFTC chairman, J. Christopher Giancarlo.
In the letter, he outlines his concerns about the margin requirements for the short sellers. Catch up on the story on MarketWatch.
Via Marketwatch
Some humor from the tech world.
Most of us are already aware of the Boston Dynamics robot doing backflips and threatening humanity, story here on wired.com
But now another video has surfaced about the robot already doing individual shopping.
https://twitter.com/CaughtCctv/status/931662216046268417
- CaughtCctv
MARKETS
Alright, what are we looking for at the markets in the week ahead?
NZDUSD. What we've been watching for a while (1, 2) - to see the stops taken below recent lows.
Considering a long entry around .6700, for now, keep this on your radar.
Missed WTI oil trade but hoping @maksym7 caught it, as he noted in one of his comments a while ago here. We were talking about the potential retest of the breakout area.
Seems like the test of the weekly 200 moving average is on the cards. But be careful, if i remember correctly, there's an OPEC meeting scheduled for Nov 30th.
EURUSD i'm conflicted. Need to watch the sentiment a little. I think it should run the stops above us.
EURJPY. Urgh, i don't know hat to call this. Is it messy, or is it clearly boxed in on the price and on the RSI? Anyway i think a big move is on the cards soon.
AUDUSD keep an eye out for a 3-drive pattern and RSI div at the TL and fib confluence below.
Oh and a friendly reminder from Equityclock.com via a supernice guy, Teycir, that it's the best time of the year to be long equities :)
Alright everyone. Enjoy your Sunday, keep it cool and trade safe. See you on Monday!
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