On November 29 and 30, AUD/USD touched a crucial pivot point at the price of 0.66411, indicating a potential change in direction, especially as it aligns with a level of miring Support and Resistance, suggesting a Major downtrend. The bearish reversal signal on the daily candle following the pivot point touch adds confidence to the potential downturn. The recent...
fed meeting will be dovish, german bund and overall bonds will go up. Fed will be dovish till March, relaxing on interest rates
DXY D1 - Still technically in a downtrend here on the dollar, following Wednesdays economic action we have seen a bit of a confused dollar in my opinion. Contradictory closes amongst commodities, FX, stocks and mutuals... We closed red on Wednesday, recovered Thursday and we now sit at the pivot point of D1 and H4 area of S/R. Interested to see whether we have...
GBPUSD H4 - 4R seen following the move we witnessed yesterday from that 1.21 handle, pullbacks towards 1.20500, a nice area of H4 S/R but also corrective exhaustion, hopefully this is the next zone to sell from.
Obviously across boards USD as the Quote currency have been on a bearish move due to the Hawkish nature of the dollar index ,interest rates etc From the point of Technicals on the chart I'm expecting price to touch the Immediate SUPPLY zone with a good PA we are good to short the pair But looking at the OB spotted above the currently S zone makes the immediate...
AUJPY broke up the descending channel . It has formed a short term uptrend. In order to buy I am waiting a break - retest of the resistance with a TP level close to the most recent solid resistance I spotted. Otherwise, if it breaks the current support zoen and retest it pointing down I will go vice versa. In general BoJ is more dovish while BoA is more...
For readers who have been following us right from our first ever TradingView idea, you’ll recall our first ever trade idea on long USDCNH. It’s been a fun 5 months writing and sharing our thoughts with the community. Much has happened since April, but two critical things stayed the same. The US Federal Reserve remains hawkish, raising rates, while the PBoC...
Asset/equity valuations at extreme highs, clearly aligned with sharp price increases reflected in core inflation. Apple Valuations: PE 28.3x to Industry 15.6x & Market 16.8x PB 39.5x to Industry 1.4x & Market 1.9x PEG 7x All supported by dramatically high central bank balance sheets. Trendline with unsustainable rising prices reflecting an unhealthy dovish...
CNH1! Birds of different feathers are likely not to flock together! As policy divergence continues between the US Fed (Hawkish) vs the PBoC (Dovish), we expect the Dollar to strengthen against the RMB on a macro level. On the technical side, we see a bullish RSI divergence (prices making lower lows while RSI making higher lows), suggesting that momentum is...
Chart Analysis of USDJYP predicts 1. Bullish Trend on weekly, Daily and Hourly time frame 2. BOJ kept rate unchanged and signalled dovish sentiment 3. 120.5 to be a major resistance, through charts and Fibonacci Retracement 4. If broken we might see a all time high. 5.129 to be a major resistance. Always Trade on your own analysis
Hello Traders! Us10y weakness, Dovish FED. SL = Stop Loss TP1 = First Take Profit TP2 = Second Take Profit TP3 = Third Take Profit BE = Break Even Have a great day! :) Vitez
Tmrw is Bank of Canada, The only central bank to actually start it's exit from their QE program. EUR is looking to extend theirs as always , from a pure fundamental stand point, this thing should be going to 1.44 pretty soon
NZDCAD H4 Range holding nicely for the moment, two tests of resistance and two tests of support. Nicely quantifiable for both the long and short potential too. Hopefully something we can carry into next week.
AUDJPY H4 - Very similar to the GBPCHF range, trading between 76 whole number and 75 whole number, decent 100 pip range of a pair which generally warrants confirmation. RR is there too, lets see how we respond to this 76.00 resistance zone.
Trading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead...
Despite the RBA setting a dovish when it comes to all things $AUD this spike in price action has caught my eye, enough for me to justify a pre-emptive move in the name of $AUD strength. Trump's impeachment at the house will not have an impact because the senate where Republicans hold the majority will not vote against their own political leader (well at least...
As we approach the weekly close, the US Retail Sales will catch the attention of traders, especially USD/JPY traders. While the outlook for the Japanese Yen hasn't in fact changed over the last week, since US inflation came in below 2% at 1.8% last Wednesday and market participants not seeing any further dovishness from the Fed into the yearly end, markets seem a...
SHORT SELL Technical Aspect: 5th Wave on Elliott Wave Theory Wedge Pattern Fundamental Aspect: Fed reduces interest rate third time in a row this year