GOLD SPOT - XAUUSD: Bearish Trendline Breakout confirmed. Bull Flag Pattern occurs on the 1-H timeframe, Breakout indicates a bull run towards $1960.
USDJPY H4 - Depending on the way the FED sways later on this evening, will no doubt impact this pair, whilst the dollar has whipsawed somewhat, the YEN is holding it's own against the dollar, a typical scenario where we are seeing a firefight between two relatively bullish pairs for the moment, ideally we want to sell something knowingly weak against something...
DXY H4 - Breakout seen last night, which saw us follow gold from $1900 to $1920/30 respectively. Exhaustion seen and that's where we posted the short signal from. $1930, hopefully down towards $1900 support and possibly beyond, depending on the outcome and projections from the FED later on this evening. Not entirely sure how much the USD will want to move ahead of...
weve slightly gained in vix, and the ftz from top of short leads out to where uvxy should make its low sub $4... if we examine the capitalcom vs finra we see that contango in vix is still coagulating around a major demand zone low into its decay. i still think split will be bullish for vix, but perhaps we clear the pop in fomc, and the loose steam is actually...
"Based on a thorough technical analysis, I have identified an ascending triangle pattern on the 4-hour chart of the US Dollar Index (DXY) and a bearish flag formation on the daily chart. Additionally, a doji pattern has been observed on the monthly chart, indicating potential market indecision. On Wednesday, it is expected that the DXY will experience a rise due...
Bias: Choppy Neutral Top Watches: Tune in to my Live Stream @9:50 EST for my full list of top stock watches Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
My BIAS also has changed on BTC. Bitcoin is weak, parallel with DXY who is broken out, heading towards supply zone. Reverse my setups after new target is hit. Looking for a "clean" short setup... The FOMC meeting will disrupt the market again. Will increase my positions after volatility clears up. Be alert!
BIAS changed. The market is weak and DXY is broken out, heading towards supply zone. Reversed my setups... The FOMC meeting will disrupt the market again. Will increase positions after volatility clears up. Stay safe...
Hello all! Quick recap on US30 from my recent analysis videos.. I did explain previously why i am bearish on Dow, beside US30 being in high curve on HTF. The pair moved the way projected in my recent analysis, mitigating the refined weekly Supply you see in the photo, and selling to the Demand zone where the usual price cycle appeared.. Now i will be waiting...
Very nice reaction off of the 9ema this morning. Largest 30-min volume since the gap up on raised revenue guidance. Started a small position; couldn't justify a full position with the overall market being slightly extended on a short-term basis and showing negative action on the day. Will look to add over the debut price high of $14 only if the broad market...
In this Video I do a quick analysis of the current condition of markets based on the SP500 proxy index the SPY. I also go through a few weekly data points as I am hoping to publish this every Monday to summarize the week head, and behind. This video is a bit long as I go through all my tools and routines, plus we have a very hectic week this week with FOMC,...
Intraday Analysis - ( 31 Jan 2023 ) GOLD has been ranging due to lack of fundamental catalyst and anticipating FOMC and other Fundamental data release this week. HRHR buys at 1923 key level MRMR buys at 1935 key level Safest buys at 1939.5 key level However i will only look for sells below the daily zone whereby a new low will be created and there will be...
Low risk trade here, check out how the hourly, daily and weekly time-frames interact, giving a lot of upside room with very limited downside risk here. Best of luck! Cheers, Ivan Labrie.
A few key fundamental data across the board next week to kick start Feburary 1) FOMC - 25 bps All risk assets moon , DXY continues its bearish momentum - 50bps ( very likely ) - Talks about extended rate hikes to continue its fight for inflation, DXY to gain short term strength and risk assets to continue its decline - 75bps Definite crash 2) ADP / JOLTS / USD
As we approach the upcoming FOMC meeting, where we can expect smaller rate hikes as inflation begins to slow, the gap in the liquidity zone could be filled right after. Enjoy the bullish trend atm. But remember, there comes a time of manipulation... Be alert
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is going well and is currently trading above the $23.5k level. Let's discuss the next possible scenario from here. BTC breaks above the crucial resistance of $23.3k after two days and as of now holds above it very well. As long as BTC...
Time – The FOMC statement comes out on 2 Feb at 06:00 AEDT/ 1 Feb 19:30 GMT. Chair Powell’s press conference comes out at 06:30 AEDT / 19:30 GMT Trading considerations: Positioning – Investment banks who manage flow across spot FX, swaps, and FX forwards report that clients are net short USDs, notably by real money and leveraged, although the position is not at...
Last week, USDJPY failed to grow above the Ichimoku cloud as it worked as a resistance. Naturally with the FOMC meeting this week, volatile movements can be expected and prices may grow but this instrument is looking weak in the weekly timeframe so rising prices can be seen as entry points for shorts.