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10/06/21 11:53
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By DominicWalsh · Posted
🟢GBPCHF broke and closed above a major falling trend line on a daily. The broken trend line turned into a key vertical support now. Probabilities will be high, that a bullish movement will initiate from that. Next goals for buyers: 1.1423 / 1.151 For Additional confirmation use: Leading Indicators -
By tradinglounge · Posted
Shopify Inc., Elliott Wave Technical Analysis Shopify Inc.,(SHOP:NASDAQ): Daily Chart, 21 March 23, SHOP Stock Market Analysis: Shopify keeps moving sideways as expected, as it stays between the 20 and 200EMA. As long as we do not break the red line we can assume we will be seeing further downside. SHOP Elliott Wave Count: Wave (iv) of {i}. SHOP Technical Indicators: At the cross of 20 and 200EMA. SHOP Trading Strategy: Waiting for a potential triangle in wave (iv). TradingLounge Analyst: Alessio Barretta Shopify Inc., SHOP: 4-hour Chart, 21 March 23, Shopify Inc., Elliott Wave Technical Analysis SHOP Stock Market Analysis: We keep moving sideways in a three wave manner, which confirms the fact we are in a corrective structure. We are moving between the 50% and 38.2% retracement of (iii). SHOP Elliott Wave count: Wave (iv) of {i}. SHOP Technical Indicators: Above all averages. SHOP Trading Strategy: Looking for sideways continuation in wave (iv). -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 21 March 23, Ethereum/U.S.dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2943.53 Wave Cancel invalid level: 1073.42 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave III with a chance to reach the 161.8 level of wave I at 2943.53. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave III. Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, 21 March 23, Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: wave ((3)) of Motive Details: Wave 3 equals 1.618 multiplied Length of wave 1 at 2290 Wave Cancel invalid level: 1369 Ethereum/U.S.dollar(ETHUSD)Trading Strategy: Ethereum resumes its upward trend in wave (3) with a chance to reach the 161.8 level of wave (1) at 2290. Also, the price has risen above the MA200 line, giving the view to a continued upward trend in wave (3). Ethereum/U.S.dollar(ETHUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.
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Question
Ricardo33
I am due a payment in USD in March 23, and want to lock in the current GBP / USD rate. I can see three ways to do this: 1. via a simple DFB spread bet, short USD (to match the asset value due in March 23) but this is probably expensive with daily rollover and admin charges. 2. via a future spread bet (March 23), short USD. This looks very attractive today since the rate is good and spread very small, but does the spread widen progressively as the contract nears maturity to cover the funding costs etc.? If so, can I try and calculate this today? 3. Via a traditional option, buy a USD Put maturing March 2023 (all available on IG I think). This looks expensive today (about 5%), but doesn't require margin calls over the contract period (1. and 2. do require margin calls and I have enough GBP today to cover those). The IG dealing page for options, does show a margin requirement, but I assume this actually means a premium to pay on the transaction, rather than a margin? I am trying to understand the mechanics of each (particularly how the price / spread on the March 2023 Future Spread Bet can be expected to change over time and whether the Option is a traditional option with no further action until maturity). Thanks!
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