jessi061

jessi061 Updated 

There is some issue regarding the dollar at this point. The devaluation could be in the process so far there are a lot of things behind but let's make it easier. If price breaks from this rising trendline lower It could lead price further lower indicating bearish domination. Expect S1 or S2 of weekly pivot if this breakout happens lower with strong momentum.

jessi061 Updated 

Remembered this chart from my older idea? No much changes from the technical point of view but things do change around beyond technical and I just want to tell my good folks that I am a guy who go with the follow. Kinda like trend following trader you can take but I don't mean the overall reversal of trend on this major pair but just the personality I got during...

jessi061 Updated 

We have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the...

jessi061 Updated 

Lately, some news about China to start buying oil for state reserves sparked some volatility in loonie too. I guess the oil future will be going fine in coming further weeks so that might help this pair to rebound at some level. Stochastic pointing out the momentum in favour of bullish so far.

jessi061 Updated 

I don't need to explain all this time why I am even shorting this as we all mostly knew what happen lately in DXY and EURUSD. King ain't seating still which let me think this trade might have some chances. After all pound and euro were never bullish market talking about the broad picture.

jessi061 Updated 

The precious metal not losing its seat against other assets knowing the fact that uncertainties are still spiraling around the world by that pandemic. Every time risk bets work fine but at end plunge back to what it gained and it seems no reason to hope much from risk bets still and market players aren't leaving their hands off from this precious metal. The...

jessi061 Updated 

China is to start buying oil for state reserves after a sharp drop in prices. Same cases as I mentioned earlier in WTI OIL.

jessi061

Knowing the fact weaker EURO losing against the dollar overall and it's even performing low against swiss. I see bearish market in this minor pair as well. Technically price inside a descending channel and I assume if EURO gonna end up losing strength continuously against dollar then bear will obviously weigh on this minor pair as well which will continue the...

jessi061 Updated 

Price floating below the long period SMA 200 (red) and trading under the weekly and daily pivot point already indicting bearish sentiment for this pair. Comdolls aren't doing well and the risk bets are not good so far which we can see from the price action in most of comdolls related pairs like au,uc,nu. Yen and dollar ruling over the market this week so far which...

jessi061 Updated 

The report says that China is moving forward with plans to buy up oil for its emergency reserves after the epic crash in oil prices over the past few weeks. Beijing has asked departments to quickly begin filling tanks and options to lock in the current low prices in the market. Also noting that Beijing may use commercial space for storage as well - in addition to...

jessi061

China commerce ministry says production of auto, auto parts have fully resumed! This is china's way of saying that they have defeated the virus and we have moved on, so expect that to be reflected in the data.

jessi061

VIX, might spike back to its old highs as I don't think investors are still optimistic about betting over high yield assets!

jessi061

Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't...

jessi061 Updated 

I feel like this pair has some room upward and I have checked it on multiple time frame where it's only pointing me out that there is still some room upward. I am well aware of this major pair broad picture and it's trying to shift trend on higher resolution from bullish to bearish (knowing the fact it's overall bearish trend for higher time frame due to some...

jessi061

Yen is getting nasty leading against the dollar and some comdolls which might create pressure for Nikkie. Japan seeks to quarantine all overseas arrivals for 14 days which might create some issue to the travel and tourism sectors. The likelihood of the manufacturing recession deepening in the coming months is high. The latest data showed a sharp fall in...

jessi061 Updated 

Felt like buyers wanna take some advantage sentiment wise and seem like they wanna push the price upward which might work for intraday prolly. I caught W formation ( double bottom: reversal pattern ) and on Higher Timeframe doesn't seems much bearish domination so there could be chance for bulls to weigh over market in lower time frame indeed. Bear in mind...

jessi061

Sentimentally it's a bearish dominated market at this point as big fish are offloading their some long position which can prolly lead price around 38.20% - 50% retracement level.

jessi061 Updated 

Euro is in manipulation prolly due to the global condition at the moment by this pandemic. Trillions and billions of moolah been printed out from global center banks are just an rotten news at this point and everyone is racing against to combat the virus and protecting their own plunging economy. System has already cracked and no idea how long it might be going...