USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
The USD/JPY is currently in a weak symmetrical triangle pattern, this is also coincidentally where the 25 MA and the 13 MA look like they will be crossing over in the near future (I would moreover say 13 MA crossing above the 25 MA, indicating a bullish play). Also, the Coppock curve is positive, but is slowly reaching prior resistance, so this could mean a...
After hitting our first TP on Friday (1.126) the pair is back trading inside the triangle after it it has recovered from the bearish breakout which didn't last long and therefore lost its significance. The main reasons behind this large recovery are :
1- Markets expecting the Fed to deliver a dovish statement on its last meeting in 2018.
2- EU and Italy reaching...
I just spotted a rising wedge on the DXY weekly chart which started with the dollar uptrend in early summer. As concerns over slower global growth increase over time , the Fed may shift its forward guidance and turn more dovish on its last 2018 meeting in the next few days. Combined, this bearish chart formation and maybe a more dovish tone from the Fed might end...
The chart mostly speaks for itself, but..
Signal 1: The Fed drastically lowers the interest rates. Money supply increases. Stocks inevitably go up due to there being more money in circulation.
Signal 2: The Fed notices the inflation and drastically raises interest rates. Money supply becomes stagnant.
Signal 3: Money supply is stagnant,...
Bearish below $15
Looking to short it if it breaks support zone.
Good Dividends but unsure if it's worth buying at support level.
1. Short below $15 / Cover over $15.50
2. Buy at support level and write a cover call when it gets to resistance level
I think it will fall more as the fed rate hikes will impact all the REIT.
I will monitor...
STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield
Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time...
Yeah thanks Fed. ECB next on the grill. Look for fairly sharp pullback to DIA 247 area, where strong support reaching back intersects the old downtrend. Dunno if the flag will keep waving or another bad break could come up- very dicey now. This is the end of Elliott wave V (leg 3).
In My Humble Op, with 4 hikes looking at Fed funds rate near 3% >>> that's the...
Oil is gaining and gaining fast, At the moment we have had a breakthrough now as any trader would want to see is followthrough . I was bearish, with a short in the US02Y but now that view is being tested. I want to see more from this market, In the meantime , this warrants a look at CADJPY , and USDCAD cause of the correlations.
Analysis of important data ametrics for 13 December fed rate hike based on fedwatch - fed funds futures - > www.cmegroup.com
COTs data used: non commercial long and short data as % of open interest ...
If today fed hike rates, then hoping for Gold to reach 1179.51 and then will eventually rise up. but slow rise..
But, fed can also extend their decision for next month, so a stop loss of 1211.68..
Summing up all...
Stop Loss 1211.68
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Be Prepared For A Rate Hike Today (1.00%)
According To Bloomberg The Sentiments Of The Rate Hike Are 94% & It We Are Pretty Much Sure That They Are Going Hike The Rate, The Average True Range Of Volatility Of EURUSD On Rate Hike Is Approx 100-150-200 Pips (according to past...
Currently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair.
Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger.
However, the France is currently on crosshead...
The sideways trade since March 2015 represents the longest period of range contraction since the inception of the euro. Even afer the US elections, the trend remains the same and expecting the Dec 16 , Rate hike by Feds, it might break the major support line which goes as deep as March 2015.
Our long pending analysis and the most sought analysis is Gold. True, people are worried at uncertain times and economic scenario's around them, so they want to analyse whether Gold will be safe security for part of their investments. Before we go into analyzing the Xauusd, Be clear about the fact we are building a case with our analysis considering various...