Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I am not a fundamental expert (nor an economist) but I found FEDFUNDS chart really interesting! I never thought that basic technical analysis tools can also be applied to such economic instruments! As per my last analysis (attached on the chart) FEDFUNDS traded higher and...
The EUR/USD pair consolidates above the 1.0500 area on Friday, still unable to advance beyond the 1.0600 mark, with the pair edging lower after the release of U.S. Producer Price Index data. At the time of writing, the EUR/USD pair is trading at the 1.0540 area, posting a 0.16% daily loss, having retreated from a high of 1.0588 earlier in the session. The pair...
Earlier today, oil prices were on the rise after the shutdown of the Keystone pipeline. However, this rally was quickly wiped out as sellers attacked the market, pushing prices even lower. The oil market has been struggling due to growing concerns about a potential recession and the belief that central banks have tightened monetary policy too much. This fall in...
DXY H4 - We have started to see rejections during yesterdays trading session, looking for more of the same, further drops in dollar strength over the medium to long term. Lots of opportunity for XAUUSD, GBPUSD and EURUSD longs. These will be watchlist priority pairs going into next year.
Ummm, the fast and short answer is that I am overall bearish on the SPY and anticipate we ultimately get rejected from this ATH (all time high) trendline ...however, it is starting to get complicated, lol. Disclaimer: Be aware the following comments are just my observations and I am not a professional trader. I am school teacher by day and stock junky by night,...
A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
Last week we saw volatility us30 begin to slow as we begin trading at the 34k key level creating an order block as price struggles to trade above 34k. Price has now pushed below to retest 33500 directly after the FED news pushed price to test 34500. This week our bias is still bullish as price is at the key resistance level of 33500, rejected, and is now making...
The Japanese yen has been on an impressive streak but has dropped sharply on Monday. USD/JPY is trading at 135.83, up 1.13% on the day. The US dollar is showing some signs of life, courtesy of Friday's US employment report, which was stronger than expected. The economy created 263,000 jobs in November, slightly lower than the October reading of 284,000 but well...
The market is a forward discounting mechanism and looking back my stance is that the stock market are anticipating a pause in the FED stance. Hinted on Wednesday by FED Chairman Powell who said "smaller rates increases are likely ahead" as soon as December. If the market is anticipating a pause, THE GENERAL MARKET INDECIES are likely to push forward. This of...
FED PIVOT conclusion to take ENTRY: FED PIVOT 2022 looks similar to 1973: PIVOT MONTH=if occur in DECEMBER. POSSIBILITY= <30% rise(BULL TRAP) (17.44% already happened) till JANUARY followed by around 40% CRASH. FED PIVOT 2007: PIVOT MONTH=AUGUST. 14.99% rise till october followed by 57.69% CRASH. FED PIVOT 2000: PIVOT MONTH=DECEMBER. 10.31% rise(BULL TRAP)...
Yellow highlights show two very similar patterns in gold between the 2018 FED rate hike cycle which followed a January 2019 pause. This scenario forecasts a peak to prior high in October 2023. Gold has been closely tracking 2018 pattern all year.
Traders, In this update, I am going to focus mostly on the U.S. Housing Market decline and what it means for the Feds reactionary policies, the U.S. stock markets, crypto, and the future of our U.S. economy. Stew
After #Fed Speak Tiny $VIX gap filled $SPX pumping, heading towards small gap 4Hr $DJI bouncing off GREEN = 20 EMA Exponential Moving Avg RSI looks okau #DJIA Breaking small down trend Volume still kind of light FOR THE DAY but currently typical at start & end of day #stocks
Market seemed to be happy with Powells answer to inflation and inflation data
dxy is banded and cyclical. btc is the inverse reflection of this cycle because there are more and more dollars each dxy (fed) cycle. So much so that there are 2 scenarios: 1 where the fed keeps credibility (light blue fed normal in chart) and the cycle keeps being bounded. 2nd is when the fed does loses its credibility (green fed optimal in chart) and the cycle...
SPY is fast approaching the last demand zone, which is 390. If the dollar continues to strengthen, we can see see 390 very fast. Sure enough 390 is going to be a fighting zone between the bulls and the bears. A closure below 390 opens the door for some massive shorting to occur on the SPY. Will J Powell move the markets on Wednesday? Hmmm.....
The Australian dollar has rebounded on Tuesday after a poor start to the week. In the European session, AUD/USD is trading at 0.6737, up 1.28%. What goes down ... can go right back up. This has been the story early this week for the Australian dollar, which tumbled 1.5% on Monday but has recovered most of those losses today. The Australian dollar was hit hard...
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.