Some banks and Institutions require their execution desks to close positions as the month comes to and end. This sometimes causes wild and irrational choppiness in the price action. Caution as the market closes out the month of March 24'. PCE data is forecasted to decrease which could spark some optimism and a rebound to the upside to end the month. If not, we may...
Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the...
We are still waiting for the move. This rejection of the price 151.50 is an indication that price is being squeezed. We can therefore anticipate an impulsive more.
Here is my latest structure analysis and important key levels to watch on EURUSD. Resistance 1: 1.0840 - 1.0865 area Resistance 2: 1.0922 - 1.0943 area Resistance 3: 1.0964 - 1.1000 area Support 1: 1.0785 - 1.0805 area Support 2: 1.0695 - 1.0709 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Since the March 8th touch into 1.09485 Weekly level, we have depreciated 146 Pips on Eur/Usd. In Today's analysis we break down the most important News events of March 24'. These include NFP, CPI, and Interest rates. All of these news events have played a significant role in the downside movement we can observe on EurUsd across the past 2-3 weeks. Leave a rocket...
Hello Traders.. This analysis is more brief but I get to the point with my bias and analysis. The Price level's are there.. We do have news super late in the NY session today as we have a Fed Speech so beware when holding your trades through to the next Daily candle. See you all in the next video
I hope this analyse finds you well. I wanted to bring your attention to the latest developments in the gold market. Despite facing headwinds from a strengthening US dollar, gold prices are poised for their fourth weekly rise in five weeks. This resilience can be attributed in part to the supportive stance of the US Federal Reserve, which has maintained its...
Third touch and rejection of 151.80 (1st confluence) Engulfing of the previous candles(2nd confluence) Impulsive break of previous low (3rd confluence) I see no reason to hold back. Trade Idea : Sell Stop (waiting for rejection and continuation) SL - 151.35 Entry - 151.05 TP - 150.05
Hello,Traders! DXY is trading in an uptrend And made a pullback and Retest of the new support Level of 104.078 from Where we are seeing a Bullish rebound so I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Let's look at rates for a bit. Short term #yield is slowly climbing the trend line. 1 & 2 Year. Longer term #interestrates look similar to the short term. 10 & 30 Year. US #Dollar not as strong as bond yields but it is trading similar to them. TVC:TNX TVC:DXY
Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of...
Today may or may not pan out as far as triggering an entry. As of right now we are hitting 2 out 5 on the checklist which means, NO ENTRY. Will revisit at 0845. what will I be looking for? US Core Durable Goods Orders US Durable Goods Orders Why? Because 'actual' less than 'Forecast' is good for precious metals. If this happens at 0830, Ill feel...
We are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the...
These are three bullish legs with a 25% rise, and now the Bitcoin price had a good reaction to the last base/pivot. A strong rise with a weak fall can make us sure about a rise at least to the previous high.
Hello Traders After the FED interest rate decision, USD markets faced some volatility, now it seems the DXY market has decided its direction. DYX had an upward momentum from "28 Dec 2023" until mid of "Feb 2024", we faced some correction after that until 8 March when NFP and Unemployment news were released. Since then DXY has been rising slowly but surely, We...
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a...
Bearish trade idea on EURUSD. The next DOL/Target from my point of view is the REQLs below 1.0795 at the first objective. My POI to look for a short is within the 12h Sibi residing not too far away which is also a Unicorn setup. There is news on Tuesday, either to initiate the manipulation and reversal, or continuation of the reversal that will happen today...
Had a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there. Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening...