Towards the end of last week, the DXY showed some recovery as it bounced from the 109.50 price area to retest the 111.00 price level. However, the DXY retraced to 110.66 to end the trading week. This will be a big week for the DXY, with the release of the decision of the FOMC regarding the Funds Rate, Statement, and the accompanying press conference due on...
Taking into consideration FOMC next week and the mid-term elections shortly after... I believe we will see 75bps added on interest rates and 50bps or even a " pause " in December, and this will bring a strong relief rallie on the markets, and especially risk-on assets like Bitcoin (late Q4) The FED doesn't have much more room to hide, and they will soon have...
DAX - Where to next? Here is a technical view of DAX - a break to either direction. Keep in mind we do have FOMC next week, which should shift markets either direction! Have a great weekend. TJ
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1680 zone. once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring DXY For a buying opportunity around 110.4 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Not a single major currency has been spared by the wrath of USD caused by the FED tightening. The franc being a safehaven currency has depreciated gradually against a super strong greenback. Looking at the all time monthly chart for USDCHF, it can be observed clearly that the swiss franc seems to be higher in value against the USD as the price remains at all time...
Hey traders, as the monetary policy in the US remains aggressive we still see a possibility of continuation to the upsides on USDJPY unless fed becomes Dovish but it's still not going to happen as inflation in the US is still an issue and the main focus for the US is to control inflation, so what we can expect? more rate hikes, more USD bulls and potentially a...
Hey traders, as Bitcoin approaches the major trend and as a proxy to the fed monetary policy of tightening the balance sheet we are monitoring BTCUSDT for a selling opportunity around 19500 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Well, according to the previous analysis, the price finally started to fall from the range of $19,900 and showed a positive reaction when it reached $19,100. The reason for this reaction was the existence of Institutional Support in the range of $19,100 to $18,600! Now again, there's 2 important supply zones ahead the price ! $19,800 to $20,000 and $20,170 to...
Hey traders, in this week we are monitoring GBPUSD for a selling opportunity around 1.13 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Important price action and market structure formed today, bullish NY reaction to markets DUMPING My outlook for the end of the week....
Hey traders, today's CPI data wasn't Pleasant for Fed, thus we expect Fed Powell to be super hawkish than ever in the coming Fomc... more hawkishness means a strong USD, Bearish stocks and Bearish Cryptos. for ETHUSDT we are monitoring for a selling opportunity around 1280 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
After a failed lower time frame Head and Shoulders, ETH is forming a possible Adam & Even Double Top. Although, the V shape (Adam part) is a bit lower than standard. Typically found at market bottoms this pattern can also be found at market tops. It's made up of a rounded left peak, V shape right peak and neckline (support line). Look for a breakdown of the...
Hey traders, in today's trading session we are monitoring BTCUSDT for a selling opportunity around 19300 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring XAUUSD for a selling opportunity around 1680 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Why are regional banks breaking out to new 6 months highs relative to the S&P? Does smart money know something that retailers are missing?
A = 1, and so on. NFA. DYOR. Will the incoming economic releases + FOMC be the catalyst? Let's see. -Stay safe, Trade safe.
With DXY having broken a crucial supply zone/resistance @ 110.000, the road to 120.000 seems obstacle free speaking technically. On the other hand, looking at the fundamental picture, we can expect the FED to keep raising rates to tame the inflation. This would in turn as expected give value to the DXY and make it appreciate further thus sending other currencies...