jojofang0901

Quick Market Updates: (Forex, Crypto, Commodity)

BINANCE:ADAUSD   Cardano

Hi everyone,

had some time in the morning to scan through the charts for this last week of 2021.
Although I personally wont be actively trading or entering any positions,
there are some opportunities that are potentially shaping up. Will share some screenshots of what I am looking at below.

I did see in my group discussion chat room from last week that some people were in some trades before Christmas Eve and the weekend,
and are wondering why the spreads are high.
I been saying this for a few weeks prior to it happened and no exception to this last week on Thursday and Friday (New Years Eve/New Year) will be the same.
So be careful and understand the low liquidity and low volume is the cause of the big spreads. So watch out your live positions if you are in any.

Forex: Pairs such as AUD and NZD I mentioned in the last quick market video that I am fairly neutral and want to see more development.
As we can see at current price, the LTFs are showing us some bullish potential. If they can continue the bullish move then it can void the bearish bias and outlook.

AUDUSD - NZDUSD - USDCAD -
AUDJPY - NZDJPY -
Commodity: Oil played out nicely from the previous outlook, looks like they can continue the upside.

CORN: UKOIL: USOIL:
Crypto: Many pairs are pushing up, potentially in some bullish move. I talked about 3 from the last quick market update video, and seems like more and more are playing to the upside now.

TOTAL - ADA - BTC - DOT - SOL -
Indices: Most are approaching ATHs, so I will just be observing what the market will do next few days. Again due to holiday and low liquidity, best to stay out until clear development.

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