Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next...
- Hike vs No Hike - Hawkish vs Dovish Good luck everyone...enjoy the volatility...be safe
In this chart I share the way I'm looking at the Euro before today's shock event. The 4h chart provides us with a more granular look at the price action, and helps identify the catalysts visibly on chart in the form of the callouts you see here. The current juncture is that of a 4h downtrend, as insinuated by Rgmov (not shown on screen), and by the price action...
After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long. The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then. For now, keep in mind that for pair trades, I aim to open a big...
Analysis on chart. I'll update it once I see a clear short signal in the weekly chart. Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse. I'll analyze price action and look into selling short once we see confirmation here. Crude oil seems to have resumed the...
There are many reasons why bond yields should go down, however, there are many more positive reasons why bond yields will go higher. Demographically Challenged Our largest demographic population on the planet, not just in the US, is the baby boomers born 1944 to 1964. Largely early baby boomers born during WWII and up to the late 1940's have already started...
AUD/GBP Tringle Breakout at bottom.....Long and Short posibily! After cutting the interest rate (RBA) on a new record low 2,00% (2,25% before) and a coming economic quarter forecast update a friday, so there could be a very nice move in the breakout direction! All eyes on the interesting support or resistance level!
VIDEO: www.youtube.com Good morning traders, we're sitting on 800+ pips to trading harmonics for the past 2 weeks and we're ending out the month on a good note at that. Let's take a look together at the DXY and the EUR/USD and await the FED news for potential trading opportunities. Thank you for all the support everyone, means the world to me. Star...
The yield on the US TNote 10-Year remains in a long term downtrend channel, looking to complete it's down wave (3) of V towards 0.70%. A break above 2.20% would invalidate this trade and a break above 3.04% would invalidate the whole bearish pattern.
10-Year US Treasury yield remains in a long term downtrend channel, in the process of completing downwave (3) of V near the bottom of the channel at around 0.70%. Key resistance that if broken would invalidate this bearish scenario is the 3.04% level.
Nobody can ignore the greenback gorilla in the room any longer as one percent moves seem to be a natural occurrence. The unprecedented drop in the euro, yen and Swiss franc is forcing the dollar index higher, causing dollar-priced commodities to decline lower. There is a striking pattern with the Swiss franc and gold. For many years, both assets have traded...
The USD gained in strength last Friday after a favourable jobs report. The CAD data has also been good the last few days and they sure beat expectations Friday with their employment data. But appreciation of the USD on the back of their jobs report proved too strong for the CAD and this pair gained 165 pips before giving 35 back before market close. The Canadian...
I am bearish on the US dollar, and I expect the loonie to gain ground. The BoC is not engaging in reckless monetary policy, even though, at times, traders found them absent. Canadian CPI is stronger - just above two percent YoY - than in the US, which should favor CAD. The Fed wants a weaker dollar. The Fed said it; Yellen said it. Don't fight the Fed, right? The...
Stay short EurGbp or, if you prefear, long GBP! Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney. At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis)...
GBP/AUD currency pair is close to an important support near 1,772 level which is 2014 low and possible wave 3 end. If we take away the fact that 5 wave structure should be in the bigger trend direction (which is an uptrend on bigger time frames for GBP/AUD) then the downside scenario is valid and if price manages to go lower then 1,772 low then way to 1,74 and...
First add was 63.70 will add lower looking for rates to rise possible 67-68 1st target.