Tradingstrategyguides

Tradingstrategyguides

Currently we are in the third intermediate wave to the downside with possible target around 99.00 level. The primary C wave will drag the price to 90.00-85.00 before the 3rd cycle move to 120.00 level.

Tradingstrategyguides

I believe Tesla will shake out those who sold it to take profit from the gap being filled, causing it to rise to the 170-180 area. Then, it will start the fifth wave, targeting around $80.

Tradingstrategyguides

GBPCHF has reached the upper band of the Descending channel while finishing an accumulation phase. It is expected to fall as the 4th wave and then starting to go higher and break above the channel.

Tradingstrategyguides

With inflation exhibiting volatility and market uncertainty prevailing, a shift to Risk Off mode is evident. The potential change in monetary policy by the Bank of Japan (BOJ) coupled with the AUDJPY pair's status as a risky asset in the forex market is anticipated to prompt a sharp decline in this pair. In a Risk Off scenario, traders typically seek refuge in...

Tradingstrategyguides

Based on the Wyckoff method, DXY is in a distribution phase precisely the same as the Wyckoff method. It's expected to start the next leg to the downside soon targeting 95.00 and then 85.00 level in the coming months.

Tradingstrategyguides

The parallels to the economic downturn of 2007/08 are evident! Monitoring the 2-year Treasury yields will help us anticipate the onset of a recession. A significant drop in yields is imminent.

Tradingstrategyguides

In the weekly timeframe, USDCHF has recently touched the previous low at approximately 0.8370, coinciding with the lower boundary of a long-term channel. This convergence suggests a significant point for a potential reversal in this currency pair. The proximity to both the historical support level and the channel's lower band indicates a crucial juncture that may...

Tradingstrategyguides

USDJPY is on the verge of a breakout. This Hourly trendline has held the price from November 2023 and it's an important one. Breakout could send the price to at least 145.00 level.

Tradingstrategyguides

Based on the oil's bearish outlook, USDCAD long will be a great position after touching the blue trendline. Remember that USDCAD is the king of trendlines in the currency market.

Tradingstrategyguides

DXY is poised to do a pullback after touching an important daily trendline.

Tradingstrategyguides

Navigating the JPY and Japanese Bond Market Dynamics: Unraveling the Headlines Introduction: Unprecedented Moves Grab Headlines Recent outsized movements in the Japanese yen (JPY) and the Japanese bond markets have become the focal point of financial headlines. The prevailing narrative suggests that Japan is finally on the path to unwind its super easy monetary...

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USDCAD is going to be rejected from the Mother of all trendlines. In the hypothetical scenario of the United States, the European Union, and China entering a massive recession in 2024, the global economic landscape would witness unprecedented challenges. With China in a state of economic coma, a significant powerhouse would be immobilized, disrupting global supply...

Tradingstrategyguides

GBPCAD Correction is finished after touching the daily trendline. Now it is expected to rise more. Oil is in a big downtrend.

Tradingstrategyguides Updated 

As the eagerly awaited OPEC+ meeting approaches, whispers of potential production cuts among its members are gaining momentum, hinting at a strategic move to stabilize oil prices. In such a scenario, the prospect of a surge in oil prices looms on the horizon, and the GBPCAD pairing stands poised for a correction. The delicate balance between global oil supply and...

Tradingstrategyguides

EURAUD is completing a breakout of an important long term trendline and is headed to the south.

Tradingstrategyguides

The upcoming week appears to be relatively light on economic data, with the highlight being the RBA (Reserve Bank of Australia) rate hike. Anticipations are for another 25 basis points rate hike by the RBA, reflecting ongoing efforts to manage economic conditions. Additionally, it seems that geopolitical tensions in the Israel War are not expected to escalate...

Tradingstrategyguides

FED's Powell said we are close to end the cycle. The Federal Fund Rate remained unchanged and it seems that we are in the pause cycle and close to rate cuts. SPX historically soared 15% in the pause cycle.

Tradingstrategyguides

EURCAD made a rejection from the daily trendline and rising oil prices are going to add to the pressures. I expect EURCAD will fall from this point.