Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88100 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88100 support and resistance area. Adding a fundamental layer there is a contradictory between...
This current bullish move looks to be running its course, resembling a bull flag. Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
The chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations...
With a new review of the Euro/Dollar chart, we can see that the price has been corrected by entering the old FVG range and is currently trading in the range of 1.08 ! The first scenario is the fall from this range and the second scenario is the first rise to 1.087 and then the start of the fall again! Considering today's important meeting of the Federal Reserve,...
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
Feb 22nd DXY: Break bullish trendline, break support area 103.70, trade down to 103.40 NZDUSD: Reject resistance, Sell 0.6240 SL 20 TP 65 AUDUSD: Buy 0.6625 SL 20 TP 80 (hesitation at 0.6660) USDJPY: WAIT, look for reaction at 149.70 GBPUSD: Buy 1.2685 SL 20 TP 80 EURUSD: Look for reaction at 1.0885 Buy 1.09 SL 25 TP 80 Sell 1.0870 SL 25 TP 80 USDCHF:...
EURUSD TECNICALLY BUY SIDE BREAKDOWN 80% chance my be euro going to buy
Could the USDJPY correct further to the downside, with DXY weakness dragging it lower? Despite potential downside on the USDJPY, i'd still prefer to look for buying opportunities while the BOJ's monetary policy continues to diverge from the FOMC. (who knows how long this will last) Look for a potential bounce on the USDJPY a the 149.60 (interim support and 23.6%...
Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the...
We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700) As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern. If the daily candle closes with a...
We are still in this buy position, HEDGED against our sells. We saw a deep pullback after the FED interest rate data last night, but we are still holding. Running 180 PIPS in profit.
Wednesday we had inventory reports that showed an increase in US oil production combined with the feds hawkish interest rate sentiment which sent prices deep into discount. OPEC did announce they will be cutting oil production while US supply did increase apparently, US production has slowed down the last 18months. I believe next week this will start to reflect in...
Papa Powell might be the catalyst for final blowoff top. Massive surge to 5K is within striking distance. Breakout above B-bands is unusual and virtually always rejected. Watch for it. From Weds PM 31st until Friday noon we could well see ATH. So many bears now, "It just can't get any higher!" But it can. Beware.
Federal Reserve Balance Sheet Update ⚠️DECREASE of $47.1 billion week ending Jan 31st⚠️ ▫️ $1.34 Trillion Reduction since Apr 2022 ▫️ We are $0.436T away from the long term trend line (Red Line). The current trajectory means we could reach this level by Sept 2024
Feb 1st DXY: Break above 103.80, trade up to 104.30 (watchout for BoE) NZDUSD: Sell 0.6085 SL 15 TP 45 AUDUSD: Sell 0.6515 SL 20 TP 55 USDJPY: Buy 147.30 SL 30 TP 60 GBPUSD: Sell 1.2605 SL 20 TP 45 (Could go even lower) EURUSD: Sell 1.0785 SL 20 TP 40 USDCHF: Buy 0.8655 SL 20 TP 55 USDCAD: Look for reaction at 1.3480 Gold: Break below 2032 trade down to 2024
#GOLD.. well guys market closed hour below 2045 as i mentioned in my perveious idea and boooooom.... now market is at his most expensive level 2029 keep close it because it can change the overall storey .. only holding of this area can create again buying pressure from here. otherwise below 2029 next areas are mentioned on chart... stay sharp guys. trade...