We are in an interesting world where price signals are all over the place due to the manipulation of markets by governments. With inflation driving the market it would seem realistic for oil to break out into a new high. The question is, do we have a massive market sell-off that drives many asset prices down as the acts like the 12-year-old threatening to run away...
The Australian dollar has reversed directions and pushed above the 72 line. In the North American session, AUD/USD is trading at 0.7224, up 0.54% on the day. Australia will release December employment numbers in Thursday's Asian session. The economy is expected to have created 43 thousand new jobs, which would be a modest gain compared to the monster spike of 366...
Hello fellow traders, Please check out my analysis of QQQ, I go over different possibilities of a market correction; how far down the market can go, and where to look for bounces. I also dive a bit into why we are seeing this type of price action. Take a listen and let me know what you think
We are JPY long overtime the plan is to sell highs and build a position into the determined move
The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day. The pound is yawning despite better than expected UK data today. GDP jumped 0.9% m/m in November, above the consensus of 0.4%, while Manufacturing Production rose 1.1% m/m, crushing the estimate of 0.2%. Both readings were above...
Finally some market structure... Bullish - Inflation happening in real time. Where will people store their money? - Web 3.0, Metaverse, NFT, DAO's, Country Adoption. - A,B,C,D,E Pattern Completion Bearish - Federal reserve implementing deflationary measures. Interest Rate to Increase. Higher tax. More Regulations. - A,B,C,D,E Pattern not bullish wave...
After testing the 44k resistance level, BTC looks like it is taking a breather before continuing on the upside in a stair manner. On the 15 Min timeframe we can observe clearly that we are in a well defined range and we are now more or less in the middle of that range, the side breakout of this range in this timeframe will define the 1h and 4h trend for the next...
Technical Analysis and Outlook: Weeks of choppy trading continues, Euro Dollar proceeded to stay in the range between Mean Sup 1.1240 and Mean Res 1.1380 and is bound to breakout to the upside targetting our Outer Currency Rally 1.1410 - afterward dropping to a new Mean Sup 1.1290. Ditching untested Completed Inner Currency Dip 1.1200 and major Key Sup 1.11755...
The EUR/USD trading pair once again met resistance near the 1.1375 mark this morning. This level has been a sideways trend resistance since November 2021 and has already beaten the price down 4 times. The price growth lows is interesting. Every attempt to push the price down is getting weaker, and the dynamic support line is aimed at the north. It is likely...
According to Frost and Prechter Elliot waves, both progressive and correction waves are seems end already and BTC wondering begin a new cycle or not! there is a possibility that BTC's new Progressive wave start soon. by Observing ATR(Average True Range), the pattern is similar to what we have on 29th Sep 2021. Price is exactly on a strong resistance point and...
the static resistance has broke out but still, there is a dynamic resistance.
The S&P 500 made new highs above 4800 early this year, but now the move may be looking like a false breakout. Notice how the rally between December 21 and 27 happened against a backdrop of waning volume. This isn’t a surprise given the Christmas holiday. But then when volume did resume last week, it occurred as price dropped. Several potential reversal patterns...
The downside flag on the EURUSD currency Given the divergence between the European Central Bank and the US Federal Reserve, the euro is likely to experience lower prices against the dollar. Despite the disappointing NFP figure, analysts believe that the Federal Reserve will continue to tighten market conditions this year. This will be achieved by ending...
Happy New Year!! New chart for the Risktakers... Surprise, it's not crypto!! The DOW Jones has to fall eventually & that may be *very* soon! U.S. Federal Reserve's Chairman Jerome Powell speaks on Tuesday (a tell for tons of volatility), and now that employment figures are looking better (at least for now),The Fed will next complete the second task of its dual...
Hello friends, today I am showing you six charts - US Dollar (DXY), 10 Year Treasury Interest Rate, Gold, Bitcoin (BTCUSD), WTI Crude Oil and S&P 500 Index (SPX). These are some of the biggest traded assets in the world. The vertical lines on each chart represents the beginning of the month. Over the three months since September 2021, the US Federal Reserve has...
The Canadian dollar is on a holding pattern ahead of key Canadian and US employment reports later today. Currently, USD/CAD is trading just above the 1.27 line. It could be an active North American session for the Canadian dollar, with the release of Canada's job creation numbers and the US nonfarm payrolls. Expectations are low for the Canadian data, with a...
Bonds have stabilized at lows, and have started to form a range, as we suggested yesterday. We have started to find value just above 128'10, and below 128'24, the exact range we identified in the last report. After plummeting two full handles since the beginning of 2022 it was time for ZN to reach some sort of equilibrium before its next move. From here we...
Home Depot has been ripping higher as Americans spend on their homes. But now the chart may be pointing to sideways movement. First, consider the large bearish engulfing day on January 3. It followed a similar candle on December 8, which may indicate sellers are active above $410. Next, the two peaks have created a downward-sloping channel. The bottom of the...