Trying To Clear Triangle For Massive Bulish Wave Keep Eyes On that
After the last few weeks of NZDUSD's rally, we have reached important supply areas and there is a possibility of a dip in the current price.
whatever comes from this falling wedge, I don't expect DXY above 106 again this year... probably the wedge fails what I do expect is DXY to break down.. if not immediately following todays economic data (which might be difficult for the market to process) then for the FOMC meeting
Going to keep this simple. We have a touch on the bottom of the descending parallelly channel, a major horizontal support line, and the golden pocket. This is a very bullish setup for TSLA to bounce. Stops should be placed below golden pock with the right position size and risk management to protect your account incase the bears manage to push the price through...
#BTC - Possible breakdown of market structure Looks like a break in market structure here - with the crazy week ahead with announcements this is looking like it could be the start of a bigger collapse
GBPUSD D1 - Really want to see this upside break and retest before jumping into these longs. ***USD pairs are fast approaching some fairly significant daily resistance zones, lots of data out this week for both the GBP and USD. So this could really catalyse an upside break... We just have to wait and see what releases and what starts to unfold.
The US dollar is trying to form a base following its false break of the August low. Whilst it saw a daily close beneath the key level on Friday 2nd December, a bullish engulfing candle formed the following day. Furthermore, a higher low formed on Friday with a Spinning top Doji and held above the August low, and momentum is pointing higher today. So if this week’s...
DXY 2 scenerios for this coming week (very heavy with CPI and FOMC this week) 1) Looking for a continuation melt on the dollar index with a small bear flag on the hourly timeframe. With a break of structure I can see further downside on the dollar which would give rise in the equities market. 2) Looking at the dollar index to form a double top at 106.5 - 107...
Hello my Fellow TraderZ, It seems #BTC finally breaking the support of Trendline and currently under the EMA 55and 200 on Hourly. Currently, the most important levels to keep LONG or SHORT is $15600 & $17400 to get out of the range. I am assuming that this FOMC would be lenient and price could test the $15800 level before FOMC and could move higher later on....
KOG Report: In last week’s KOG Report we said we didn’t have much confidence in the bullish move from the week before and were expecting a move to the downside. We suggested caution as there was a pattern that suggested a potential break of 1755 so we gave the resistance levels above and illustrated the 1806-10 region to look for a reaction in price and possible...
GBPUSD is ahead of an important week of CPI meeting in Tuesday and FOMC on Wednesday. if inflation remains under control we can expect fed to slow down the rate hikes more likely 50 bps the coming week and 25 bps early next year which should trigger USD bears and that's what we expect as well based on the last CPI data. Otherwise if CPI is above expectations we...
$AUDUSD - Get ready... Another week, another great opportunity for us traders to take advantage of. This week is a very important week: CPI, FOMC & PMIs. It was a difficult week, choppy action but that happens when we have important data this week. It's important to reserve your capital gains when market conditions are like this kangaroo or amber mode is way I...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I am not a fundamental expert (nor an economist) but I found FEDFUNDS chart really interesting! I never thought that basic technical analysis tools can also be applied to such economic instruments! As per my last analysis (attached on the chart) FEDFUNDS traded higher and...
JPY - Clean set up $JPY - W set up. Best, Trade Journal
DXY H4 - We have started to see rejections during yesterdays trading session, looking for more of the same, further drops in dollar strength over the medium to long term. Lots of opportunity for XAUUSD, GBPUSD and EURUSD longs. These will be watchlist priority pairs going into next year.
The Volatility Index (VIX) has been in a historical downtrend the past weeks / 2 months! VIX has also been moving abnormal in relation to the S&P 500 Index which it tracks Volatility in. The Volatility Index has sunk to a major demand zone, and is now breaking back out of the area. After hitting Lows of around $19 the VIX is breaking out upwards. We are seeing a...
A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
Last week, while the Federal Reserve changed its rhetoric from ‘hiking to fight inflation at all cost’ to ‘slow the pace of rate hike’, seismic waves rolled over the markets. As we approach the last central bank meetings of the year, the ECB meets on (15th Dec), Fed on the (14th Dec). A temperature check on the expected path of rates for the 2 major central...