With an ECB not keen on pursuing further rate hikes, the Euro should appreciate further than the Greenback, up until the lead up to the next increase in interest rates by the FOMC. Technical levels on chart. Price is about to break a tiny wedge. Longs on break and close above this descendant trend-line. Targets: Target 1: 1.120 Target 2: 1.135
Now that $SPY is above 200$ again and testing its daily 200 days MA line, it is time to zoom out again and to see the bigger picture by looking at the weekly chart. As you can see in the chart, $SPY is about to face a very strong weekly resistance if it'll continue its climb towards 204-205$ The weekly chart reveals 3 major resistance elements: 1. 2 broken...
This week is clearly a fundamental one. If BoJ maintains dovish measures and FED surprises with a renewed hawkish tone, we may see the US dollar climbing back to a transitional zone.
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
The pair has traded tightly between the 74.6% fib and 38.20% fib for 2 weeks now which means that a catalyst event like the FOMC meetings Wednesday has the potential to set break the range bound trading. Keep a close watch on your Fib levels for Wednesday and trade on the correction when/if a breakout occurs to either side.
$GLD is now testing the top of the sell zone I mentioned in previous analysis (see linked idea). It is too early, but we may see another daily Pinbar following a breakout attempt that will lead to bearish reversal in the following weeks. Next FOMC will definitely have impact on Gold and the USD so this Cypher pattern may remain inside the PRZ for a while, but...
USDOLLAR is nearing the low of it's trendline again, after the previous break and bounce. Possible chance of another USD Bounce, or a break would indicate further usd bearish trend. Keep your eyes peeled.
still waiting for a pullback trigger to get long the Euro. We are expecting the Euro to pullback into the FOMC announcement this week. If we don't get the trigger by Tuesday then we will wait until AFTER the FOMC announcement.
It needs a clean break and at least two daily closes below 99 - 50% of bearish mother candle for confirmation. There's also a big probabily of a stop hunt above indicated pin before the direction is set.
Gold is testing the Key FOMC level, and has hit my daily and weekly 'time at mode' targets. RgMov (Tim West's proprietary trend/sentiment analysis indicator) is not confirming the recent highs while we have tested the yearly MA (253 periods simple moving average), making me think we'll see a healthy correction in this rally. I'll be entering shorts here, and...
USD / JPY Buy SetUp - WAITING FOR THE FOMC iT SEEMS LIKE WE HAVE A GREAT OPORTUNITY HERE, WILL GIVE THE INDX AN IMPULSE AS WELL, LETS SEE WHEN THE MARKET START TO MOVE - IT CAN BE AFTER OR BEFORE THE NEWS. YOU CAN ALSO FOLLOW ME ON YOUTUBE: www.youtube.com SKYPE: infoparasuram IG: www.instagram.com FB: www.facebook.com TWTR: twitter.com WEB : ...
All other investors will continue to monitor oil prices that managed to close Tuesdays session higher, but are sliding on Wednesday as crude inventories in the US rose much more than expected. The sentiment could also be influenced by the Fed's gathering that will conclude later in the day, with investors awaiting the bank's fresh view on the state of the US and...
Today is FOMC!!! Please do not Trade! Best regards, Powerful Traders.
Talking Points: AUDUSD Technical Strategy: Temporary Bullish ] Elliottwave Count: We are expecting another leg up in coming week before downtrend resume. AUDUSD's price action looks corrective and expected to trade higher in coming week toward 7400 area, but on hourly chart, we are expecting correction and expected to drop to 7200 area before wave (b)...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction complete on or above .7200 area before downtrend. But this might not be a straight line. This can be played with two scenario. Scenario 1: where we might see upside on wave (c) and can be target on area zone of 7060,...
Currently, gold is budding up against intraday resistance, following two consecutive sessions of gains on a weaker dollar. As the rate hike came and went, many – even those who ushered in the hike with excitement – are beginning to wonder if the Federal Reserve waited far too long to boost interest rates. The yellow metal had began its two-day rally by finding...
Well.. doesnt need much explenation still we are all trying to work out the implications of FED/ECB relationship and their monetary policy but one thing seems like the USD is not giving up! making terrain across the majors today after the announcement could still TOO EARLY to call it and I am SOO! looking forward to hear from the CTF report next to see how...
View : Bullish Pattern : Head and Shoulder (inverted) Stop level: 1044 Entry level : Closing above 1076 Target : 1105 and higher