Cherry94

Cherry94

My stance hasn't changed This week started with the DXY decline, as it's breaking down the local level 89.75, continuing the long-term downtrend. I expect a further decline, so I stay bullish on risk assets. How the market reacts to the virus As I expected, the market quickly recovered after the virus mutations news on December 21. I expect more short-term...

Cherry94

What's happening We've been consolidating for two weeks already, with the last week being more of downward pressure. The broad markets are consolidating near their respective resistance/support areas. The ultimate event I'm waiting for is the breakdown of 90.50 support and the continuation of the downtrend in DXY. I believe when we see that breakdown, the trend...

Cherry94

What's happening Last week marked the beginning of the continuation of the long-term downtrend in safe-havens. The market already offered short-term momentum opportunities at the initial move after DXY broke down the last support at 91.75. Currently, we're experiencing the first stop or apparently a minor pullback in the global risk assets, as each major asset...

Cherry94

General overview - Asia leads FX market and the Western Indices were incredibly boring last week, with DXY, DAX and S&P500 staying in the consolidation. Asian markets continued to advance. In SG30SGD (Singaporean index), you can find some of the smoothest and strongest uptrends. The Singaporean market seems to be relatively strong, along with India, Australia and...

Cherry94

Mixed west with strength in Asia The week started with mixed markets. The US and European markets are still digesting gains staying in the range near their respective key resistance areas. Asian markets show some signs of strength following NIKKEI's recent powerful breakout from the long-term range. Smaller markets like India, Indonesia, Singapore also show...

Cherry94

Elections week rollercoaster After the last week's wild price action related to the US Elections, DXY erased my expectations about any sort of USD recovery. DXY went from the top of the 3-months range to the bottom (currently testing the grey area). The last line of defence before the downtrend in USD resumes is around 91.75 low (Black horizontal line at the...

Cherry94

I believe the first breakout impulse of a new trend in the major assets can start during the next week. DXY broke out the long-term trendline and held above, closing at the border of the current sideways channel at 94.00 (even a little above it). If on Monday DXY closes confidently above 94.00, I'll be surely bullish on USD and JPY as that may signal the...

Cherry94

Where we are, and "if-thens" Since the last week, the sentiment hasn't changed too dramatically, looking at the technical picture of DXY, I still see it as a range in a medium-term. Although, DXY crept down, closer to the "orange" line of defence (see the orange long-term trendline). Along with the stabilizing S&P500 index (The stock index has had the classic...

Cherry94

The glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and...

Cherry94

market: trending quiet pattern: 1h entry: 15m

Cherry94

Hi everyone! How the fall began Over and over again, I notice that the decline of the US market is often provoked by a fall in oil prices. You may argue about the cause and effect in this case, like maybe it was opposite, the Oil might contribute to the decline in stocks. However, look at the charts of S&5500 and Brent Crude Oil. The substantial move started...

Cherry94

Last week I talked about the European currencies, gold and AUD having excellent growth potential. However, the signs of growth could be seen only at the beginning of the week. Shortly afterwards everything began to digest the preceding growth and pretty much turned into the range. What draws my attention is a possible comeback of the USD . After a downtrend, ...

Cherry94

Ok, boring first, as I suspected it would be quite a calm week for USD as it ought to digest its previous downtrend move. The USD has been staying in the range without any hints of what direction the breakout would occur in. So let's wait and see what happens the upcoming week. If there are some decisive moves towards the range boundaries, we can devise a plan...

Cherry94

The past week had strong trends in currencies and metals across the board. As DXY broke down 94.50 long term support area and started gaining a downward momentum, all currencies received a boost against USD since the beginning of the week. Many trend setups emerged during the sharp move. European pairs benefited from the move the most, along with the JPY. GBP,...

Cherry94

I want to give my outlook on the current market conditions, with the focus on the US equities market as it draws a lot of attention these days. During May and the beginning of June, we’ve seen an unprecedented “comeback” from the abyss caused by February-March – arguably the fastest in the history of S&P500 crash recoveries. Astonishingly, the market managed to...

Cherry94 Updated 

After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the...

Cherry94 Updated 

1)Old tested resistance 2)Dodji; previously extended move without significant corrections.

Cherry94 Updated 

1)Towards the main trend; broken out and retested support-turned resistance 2)Breaking the bearish flag's trendline 3)It's 1:1.5 r/r till the next support, I'll move my stops to breakeven if it reaches that support.