GBPUSD bears have dominated the market so aggressively over the past 14 months. The Russia/ Ukraine war, Socio-economic tensions, and the successive FED interest rate hikes have only served to accelerate this sell-off. However, price has reached a pivot as it bounced off 1.1500 psychological level which is also a double bottom pattern on both the Weekly and...
Currently Short. Additionally there is a potential reversal level at $151 Chart Summary: Short until $151, with a 163-164 gap that can be used as an average down. Long @ $151 up to 163-164, if the gap hasn’t been filled This is dependent on narrative from CPI, consumer credit, and fomc meeting.
I long xauusd before NFP news today, and after news xauusd touch our target. this is the power of my trading strategy.
you can long xauusd at 1703 - 1705 zone stop loss at 1698 and take profit at 1718 best tips of trade is partial entry and partial exit.
The US dollar has broken through highs and hit our exact target at 109.86, before retracing slightly. The headline Nonfarm payrolls today was a miss, suggesting weakness in the economy which might effect the rate hike probabilities slightly, but we are still expected to see a 50-75 bps rate hike this month. That being said, the hawkishness of the Fed is likely...
The S&P 500 caught a small rally yesterday, but it could be short-lived. After such a strong selloff, we were due for a relief rally at some point. It appears the markets are still pricing in what the Fed will do this month at their FOMC meeting, but a 50-75 bps is the most likely. We tested the exact level we predicted at 3909. Subsequently, we bounced back...
DXY H4 And finally... we have broken our resistance price and set fresh yearly highs, we have lots of data coming up later on this afternoon with regards to the USD. AE, UE and of course NFP figures. Corrections being seen on the lower timeframe here (H4), looking to support at around 108.900.
Increasingly more market participants seem to be realizing that we are, in fact, in a recession, despite what our overlords are proffering in the propaganda outlets. The S&P 500 has careened into lower levels, finally finding support just one level above that which we predicted yesterday at 3909. Indeed, 3928 seems to be holding, with green triangles on the KRI...
Gold H4 We sold off nicely here and looks to have broken support, but a quick flick to the D1 timeframe shows a large wick rejection, and whilst we have set new lows on the H4, this isn't the case for the D1. So we simply wait for something a little more clear which compliments both timeframes, this would give us more certainty and confidence in taking our...
Hey traders, in this week we are monitoring Bitcoin for a selling opportunity around 21000 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, joe.
Traders, Let's talk about today's FOMC press release, the market's current reaction, and where we can expect this will lead us into next week as well as what today's FED vs. BIDEN admin tug-o-war means for future macroeconomic conditions.
Hey traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 135 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Traders, Is This One Key Indicator Telling Us That it is Time to Buy Again? For the last few weeks, you’ve heard me sus out my thoughts on the dollar potentially double-topping and then dropping. Heh, top and drop. Should be a song title. Anywho, a double-top is precisely what the dollar has done thus far. Is this signaling to the markets that it is finally...
OANDA:SPX500USD DEGEN QUICK SCALP buy-side liquidity run to clear those lows....not for the faint of heart
Gold is on a steady bear trend, after rejecting the 1800's. We have smashed through multiple support levels in the upper 1700's, in particular from 1780, the 50% Fibonacci level. Currently, we are hovering in the 1760's, just a few ticks above 1758, the 0.382 Fibonacci level. This will provide support if gold slips further. The Kovach OBV is on a steady...
Hey traders, in today's trading session we are monitoring DXY for a buying opportunity around 107.4 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Stocks have slipped a bit from their week-long rally. Retail sales data confirmed the impact inflation is having on consumers, justifying the current Fed interest rate trajectory. The probability of another 75bps rate hike is above 50%. A retracement from highs was due, as higher highs were increasingly more labored. We gave up the 4300's, after making it as...
GBP – The British pound weakened on Wednesday as data showed inflation climbed to its highest level in more than four decades in July, heaping pressure on the Bank of England to bring down prices but increasing the risk of a sharper economic slowdown. FOMC – According to the Fed’s July minutes, officials saw “little evidence” that inflation pressures were...