Author: FinancialVeracity

USDCHF – 4th week of APR

  Daily Chart – Tuesday’s close (bullish engulfing) increase market’s probability of trending upwards as the market progressively breaks bearish structure. The market is currently approaching 0.97800, daily levels, it is highly probable to see a decent selloff before market continues its bullish trend.     4 Hour Chart – Price action on the smaller time frame shows that the market is trading in a narrow channel (high bullish momentum), this increases the probability for a channel breakout, which is co-related to daily analysis, that market will have to retrace first. An entry should only be done once exhaustion...

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AUDCHF – 3rd Week of Apr

Weekly Chart – The market appears to be trading in consolidation since late 2015 and has only started to build some sort of a bullish demand in late 2017. Market price action seems to be really sensitive when it reaches whole numbers on this pair. Daily Chart – Price action seems to be in a short-term bullish trend with a classical setup. What got my attention into this pair was that market had closed with a rather strong bullish hammer; increase the probability that market to be reversing soon or it’s just a “natural” retracement after a quick build...

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NZDUSD – 2nd Week of Apr

    Daily Chart – The market holds a current short-term bullish structure that is trading in a consolidated zone. It holds a weak bullish characteristic as it fails to break bearish structure over two retracements. This increase the market’s probability of trading lower.     4 Hour Chart – I’ll be waiting for next week’s price action to be trading around this area before deciding to enter. Entry requirement has to show signs of bullish exhaustion and a strong bearish potential (hammer pattern / doji). The ideal RR ratio would be 1:2. Price action can’t break the blue...

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GBPCHF -1st Week Of Apr

    Weekly Chart – Price action on this market pair indicates a highly probable bearish retracing soon; closed with a bearish inverted hammer pattern in key level, with the failure to break previous structure high. The market is currently holding a short-term bullish trend with weak trend structure.     Daily Chart – The market has previously broken its bullish channel with a strong price rejection at 1.350. It would be highly probable for the market to retrace fast in the coming week, take profit level would be in the green zone. Conservative entries would be to wait...

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CADCHF – 5th Week of March

    Daily Chart –  Short-term price action indicates the possibility for a bearish trend continuation in the coming week. In the previous week, the market had failed to break previous structure high with a “Hamari” closing candlestick which leads to the sell-off. The market still holds a strong bullish trend probability over in the weekly and monthly timeframe. The idea of this trade is to seek for lower risking positions with a stronger short-term trend continuation characteristic. Additionally, the market is now trading in a key price level (highlighted in magenta).      4 Hour Chart – As...

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GBPJPY 4th Week Of March

Daily Chart – Market has since been trading lower after my previous analysis in Feb while still holding a strong bullish potential. Price action has proved key level ( built late last year) as the market has respected the zone with an engulfing candlestick, erasing 2 days sell-off. Past 3 days has shown sellers losing real steam hence my early entry. 4 Hour Chart – I’ve decided to placed a trade before the market closed on Friday with an RR of 1 : 2.3. It was done immediately after the double confirmation of the bullish hammer candlestick. I’m only...

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5cent, 10 cent, 20cent – The best place to deposit your coins ( 2018 Update)

if you’re a lazy ass like me who just don’t want to deal with asking people to change with you. I wanna bank in 228 coins (72 50cent, 36 20cents, 110 10cents, 10 5cents) = $65.5 I have a small piggy bank Currently, I have 5 Options to choose from: Posb/Dbs – Charges $0.012 per coin (Cost : $ 2.74) Singapore Mint – Charges $3.75 for every 1,000 coins (Cost : $3.75) OCBC – Charges $1.50 for every 100 coins (Cost : $4.5) Citibank – Charges $5 for total coin value below $200 (Cost: $5) Standard Chartered – Charges $5 for...

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Making Your SRS like CPF?

The main focus of this post is to illustrate one simple scenario on what you can do with your SRS account. What are the attributes that CPF has? The simplest form of investment Steady payout (after retirement) Constant Interest Rate Credible So why do people sign up for SRS? Reduce income tax (after maxing up CPF contributions) Invest with the money that will be “used to” pay for tax It’s not easy to be the promissory interest rate that CPF gave with the investment being “simple” So how do you make your SRS like Your CPF?? ANNUITIES! The clear reason...

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14/2/18 – UOB

Weekly Chart Analysis – Price action on the stock indicates that it is in an overall bull trend ( started in 2009 ), making higher highs and higher lows. Something I spotted was that market tends (high probability) to retrace to the 0.5 area before moving higher. Current price action indicates a probable retracement more than a continuation of the trend. Daily Chart Analysis – Differs a lot from the weekly chart, where it shows that price action has recently respected previous structure low (maintaining the trend characteristic). The market still has a leg room to prove the retest,...

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2/2/18 – Singtel

Weekly Chart: Price action on the stock seems to be trading in a consolidation range with an up build of a bearish character. If the market breaks 2016’s structure low, it would have completed a bearish trend requirement. Thus, increasing the probability of Singtel’s share price to drop even lower. What the possibility of that?? Daily Chart – It seems that there’s a great probability of such happening, as price action has recently just broken previous structure low ~ forming a bearish trend. If you’re planning to long this stock, It would only be wise to be in when...

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26/01/18 AEM

Daily Chart – Market has broken 2004 Highs with a strong bullish momentum that doesn’t seem to end? It holds an erratic bullish trend characteristic, as you can see sometimes market consolidates with a considerable amount of time and sometimes it doesn’t. What do I mean? as you can see after the break of $1, makes tends to have a spurge growth in buyers (probably price followers) entering the stock this led to an immediate “unhealthy” growth in price which led to the drop of 80% (in the range of $2-1). So what does current price tells me? The market...

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26/01/18 NZDUSD

Daily Chart – Market has been running pretty bullish since late December. It has been breaking previous “structure high” constantly with a nice momentous demand of buyers. This has resulted in a strong short-term bullish characteristic that has a great opportunity to test the September 2017 high (0.745). 1 Hour Chart – As much as the market was really choppy, it respected key areas ~ as stated above on its characteristics. Spotted an engulfing pattern in the key area and decided to take a probability bet on it with a 1:4.37 RR. Management of this trade: I reckon people...

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19/01/18 – DBS Analysis

Daily Chart – DBS has an overall bullish trend that is either losing some of its steam (short-term) or is trying to build traction. I would think the latter, as seen from previous price actions, market would have a high tendency to consolidate before making a new high. So why did I say it might be losing some of its steam on the short-term? Pre-consolidation and post since the first circle shows that market has been growing 10% or greater, but on recent consolidation, market is growing at 8% or lower. Then why do I think the latter is...

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19/01/18 – EURUSD Analysis

Weekly Chart – Market has an overall bearish trend that seems to be really strong since 2008. What does it mean? – Not logical to be holding “long durational” trades that are opposite the trend. Markets has finally broken off the 3 year consolidation with a classical bullish short-term trend. Current price range that market is in will induce greater volatility, this creates more real & fake opportunities for an entry. Daily chart – Price action has broke off key level with a head and shoulder pattern . Market seems to have strengthen it’s short-term bullish characteristic, this indicates...

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Biggest CryptoCurrency Exchange [ Ripple / Lota / IOTA / ETC]

Having difficulties in buying Alt coins?? Can’t find a good exchange?? Recently, I was fortunate to have been introduced to Binance , the biggest cryptocurrency exchange. REGISTRATION PROCESS Step 1: Press Register Step 2: Fill in your particulars Step 3 : Verifications Step 4: Enabling 2 FA You can still deposit funds without verifying ~ Verification allows higher withdrawal limits. All nationality out of china wouldn’t be able to use the SMS Authentication function. Step 5: Download Google Authenticator (2 FA) (Available on both GooglePlay & Apple Store) Step 6 : Scan the QR code through your phone Press...

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