(Based on the 6H Chart) SLO2 @ 1.0967 ⏳ SLO1 @ 1.0939⏳ TP4 @ 1.0924 TP3 @ 1.0872 TP2 @ 1.0838 TP1 @ 1.0789 BLO1 @ 1.740 ⏳ BLO2 @ 1.0709 ⏳ ADDITIONAL INFO: ✍️ If this Curve Analysis continues to hold, there's still an additional +60 pips "on the table" as it continues this DT ⚠️ At any moment there's still the HIGH PROBABILITY of PA shorting as low as 1.0450...
Interesting price rejection after CPI numbers came out, Peso has not been this high since 2016, 2017. major commercial and non commercial contracts are loading up on the Sell side, price action must confirm.
Hello traders, with CPI data coming out in less than 4 hours, let us take a look at the 4H chart of GBP/USD. The situation on the 4H chart is definitely bullish as price has bounced off the 1.2540 support level and currently it is consolidating above the 100 period moving average. However, spikes or dips during CPI can not be ruled out. So, is there is a dip...
EURCAD its me to reach the upper trending Resistances. Bullish reasons for the EUR/CAD currency pair: 1. Monetary Policy Divergence: The European Central Bank (ECB) and the Bank of Canada (BoC) have different monetary policies. If the ECB maintains a more accommodative stance while the BoC tightens, it could favor the euro against the Canadian dollar. 2....
(Based on the 1W Chart) SLO2 @ 1.3880 📉 +260 pips SLO1 @ 1.3815 ⏳ SSO @ 1.3590 ⏳ TP1 @ 1.3310 TP2 @ 1.2993 TP3 @ 1.2766 TP4 @ 1.2400 TP5 @ 1.2185 BLO @1.2115 ⏳ ADDITIONAL INFO: 🤑 Net Equity since our SLO2 is @ +260 pips This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term...
The BULLS are ready to be wage war against COINBASE. Decoded a bullish engulfing pattern on a 4hr TF. No once knows the outcome for tomorrow at coinbase but we do now. Engulfing will take price not sure how high but my ATR PIPS calculation reads $275 at 10.9 pips. As of now coinbase is at $251 Engulfing is telling us the BULLS will push the price up by...
Hello everyone, today I will review the above two codes in the S&P500 ( XYL). + XLY weekly trend is decreasing, I will draw a trendline to analyze the falling price area - we will use the Parallel channel tool, to determine the basic trend of this code. - Next we will draw 05 red trenline lines to determine buying and selling trends. - Draw 03 purple lines for...
BITCOIN🅱🅱🅱🅱🅱 -> Rise continues different supports, $79000.00 target Certainly! Here are some bullish reasons that have been influencing the price of Bitcoin (BTC): Economic Recovery: The global economy is picking up, and this positive sentiment often spills over into the crypto market. Bitcoin Halving: The upcoming halving event is anticipated to be a...
First things first: 📊🔮My crystal ball tells me the US PCE inflation data today will be weaker on a monthly basis than the consensus expects it. -> This will lead to a (temporary) weakness in the USD ✅️ ...And thus a new hope for the EURO?... Once upon a time in a FX galaxy far, far away... The EUR has been rising against the USD for around 2 weeks and new...
Round 2, Fight! Result Round 1 see here: After my first EURCAD short hit the target and the EURCAD made a nice retracement to the upper edge of the range, I basically enter the same trade again: I split the trade into 2 positions: I short the EURCAD once here directly and at the same time place a limit order at the current range high of 1.51000. I place...
The ECB is (once again) on the wrong track: It is stubbornly sticking to its hawkish view and justifying this with the fact that inflation in the euro area will remain stubbornly "sticky" and will probably not reach the target range of 2% until 2025. The ECB is wrong (once again), as inflation will hover around 3% as early as December 2023 and reach the 2% target...
AUD perspective: Positive: - The Australian economy is weakening, BUT compared to the European "experts" it is holding up quite well (very difficult I know) -> there is no sign of a recession in Australia so far, quite the opposite of the Eurozone, I had already predicted the inevitable recession in my EURCAD trade idea here - Retail sales came in stronger...
First things first: The German Inflation today will come lower (3.7 or 3.8) than the consensus forecasts (4.0) -> Great for my EUR Short
First things first: Do you think one has to work for one or two circuses before he can start as a member of the ECB? Anyway as surprised as the ECB may be about the total weakness of the euro economy ( no one could have foreseen it! ) as surprised they will probably be today when the GDP of the eurozone will disappoint the consensus forecast as well as the ECB...
First things first: 📊🔮My crystal ball tells me: EUR CPI (inflation data) today will be lower than consensus expected. -> This will weigh on the euro in the long term 🔮An old saying goes: "The crystal ball spoke and the ECB obeyed." A look back. 🔮 - As predicted in July last year, inflation in the eurozone fell far faster than the market and the ECB in...
A fairly easy and straightforwarded trade: Just short the GBPAUD on rallies as the RBA will (very likely) still hike rates in 2024, where as the UK is done with rate hikes and will cut much faster than the market expects right now. UK: - CPI will fall faster than the BOE expects it right now. - Especially services inflation will has a big downside surprise risk...
If one would have checked the recent flightlogs of the GBP performance he might have been astounded what he would discover: GBP emerges from the first trading week of the year as the strongest currency and the signs look great for a further rally of the pound: 🟢GBP Positive:🟢 - 🟢 The PMIs in the UK have recently surprised on the upside and so there is light...
In the duel of the Nordic nations between the strong Norwegian Ragnar (NOK) and the fierce Swedish Earl (SEK), only one can survive. I am betting my gold coins on the Norwegian krone for the following reasons: - NOKSEK is fundamentally undervalued -> fundamentally the pair should rather be trading at 1.04 - 1.05 - Norges Bank surprised EVERYONE...