Traders, The dollar continues it's dump. The last two days it has come back up to test resistance. Is this the formation of a bear flag on the dollar followed by a continued dump? So far, it's looking like it. Stay tuned all.
Hey traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 1740 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Recently I read a report about some of the serious problems related to a strong USD (represented by DXY). This includes multiple "sovereign debt crisis" (SDC) across multiple currencies whether it is the Yuan, russian ruble (and their default) and in this case the USD. More specifically, USD SDC will likely greatly impact the exports of US-based company as the...
Gold caught a massive bid off Bonds and the selloff in the US dollar. We broke several levels above to finally run out of steam exactly at our level of 1670. Although the Kovach OBV picked up, resistance kicked in and we appear to be taking a breather. It is likely that the rally is transient and we will retrace soon. The first level to provide support will be...
4 hr. was forming a bearish flag at resistance (purple TL). The third touch since 2009. And now we flush!
#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. Either way, NZDJPY should be a LONG TERM BUY. Anyway, the PRICE can go down again on the...
As presented on September 21, the symbol continued its upward trend around the value of 110. Follow, like, and or request symbol analysis. In my opinion, the chart should be re-check around the 117-point value, where signs of the end of the uptrend will be visible.
With the intraday bounce at 3870, $ES is setting up a potential inverse head & shoulders pattern. Trigger is clearance of neckline resistance at 3920-30, and the target zone is 3980-4030. Any crossing below 3845 invalidates this pattern.
Key level, Rings, targets, and important events to consider.. Predicting a volatile move up above white ring to liquidate late shorts followed price breaking down to two scenarios headed into the remainder of the year before we retest 20K in 2023
So far no new entries on anything today and I'll probably leave it that way. We have had a confirmed response to the +OB and the +FVG after opening up the week to the downside. That said, we are still heavy and holding within a range (3704.10-3657.90) for now. 10:00am USD FOMC Member Collins Speaks 4:00pm USD FOMC Member Mester Speaks These two news...
This week is promising to be very interesting from fundamental point of view. It's the end of financial year in USA. On the chart you can see the most important forecoming events that will influence cryptomarket. Legend: CC - Consumer confidence Powell - speaks Chairman of Federal Open Market Comitee Lagarde - speaks President of European Central Bank TB...
EURUSD Intraday - We look to Sell at 0.9719 (stop at 0.9791) The primary trend remains bearish. We can see no technical reason for a change of trend. A firmer opening is expected to challenge bearish resolve. A Fibonacci confluence area is located at 0.9740. Preferred trade is to sell into rallies. Our profit targets will be 0.9553 and 0.9525 Resistance:...
Hello Everyone This is my Trade plan for this SEP FOMC 1) We can Expect Breakout tonight Trade Setup 1680 above close Clean BULLISH BIAS towards TARGET 1=1693.5 TARGET 2=1709.5 2) FOR SELL Trade Setup 1660 below close Clean BEARISH BIAS towards TARGET 1=1650.3 TARGET 2=1631.95 3)Dont stuck your positions in this range It will be Choppy untill FOMC...
Very tricky to predict how Bitcoin would react to related news yet it has pumped after every hike in interest rate - forecasts point to three quarters of a point this meeting. You could look at the formed pattern as a Cup and Handle or Adam and Eve but I'm leaning towards the latter because it looks more like than it does with the former. -- I'm positioning...
The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary...
USDCHF Intraday - We look to Sell at 0.9856 (stop at 0.9881) The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 0.9795 and 0.9785 Resistance: 0.9800 / 0.9830 / 0.9860 Support: 0.9760 / 0.9730 / 0.9700 Please be advised that the information presented on...
Today, we are expecting a correction in the market because of the FOMC. If the news is bad and we are gonna dump, these are some of my reversal zones. - Volume Zones - FVG - Demand Order blocks We are targeting 0.5 first :D