- DXY is currently at 104.863 LEVEL. The USD traded slightly lower with the MARKET RISK OFF in the last few days. Also, at present the CAD FEATURE is at 0.7725 LEVEL. However, CAD is a bit WEAK compared to DXY. Due to this USDCAD is becoming BUY. This is because the USD receives a POSITIVE SENTIMENT and the USD receives a RATE HIKE SENTIMENT. - Currently...
BTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart) The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp . The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23. Fed’s...
ETH/USD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *FOMC WATCH tomorrow at 2pm. For those thinking that Celsius Network is what caused this recent crypto downturn, the same can be said for Terra, and both look like prime scapegoats but the fact is that they merely added fuel to an already blazing fire. $9.3 trillion has now left the stock...
After a long period of whales manipulation and consolidation, bitcoin or btcusdt had finally moved down! It trapped the bulltards before reversing the market to go down. We finally moved down to 21k usdt. Now, I bias is neutral, either we move up from here or we continue to go down. There is an upcoming FOMC news! How do you think it will move the...
The S&P 500 has dumped further, and we are well below previous relative lows. It was pretty much a straight dive from the 4100's to the 3700's, with very little buy back or even a sign of a technical retracement. We do appear to be finding support at 3758, with a wick extending down a bit further to 3714 or so. After that, we got a small pivot back to 3792 or...
Behind the scenes, the St Louis Fed is showing you a GANN 45-degree downtrend. Looks super bullish eh? Yeah, no it does not. ___________________________________________________________________________ Disaster ahead. PS. Eron lied his ass off in Q1 - that better be obvious by now.
As you can see, the price has reached an important SUPPLY ZONE and we have to wait for seeing any negative reaction from the Dollar Index with the start of the new trading week. This week (Tuesday) we have the announcement of the PPI index , which is part of the inflation data . On Wednesday, we also have FOMC Press Conference to increase or not increase interest...
INTRO 15 year old trader in England comment your ideas want to know what u think Over the next 3 weeks I believe if you wait for volatility peaks or volatility consolidation trading sideways basically and then take a short or long position depending on economic data coming over this week this will create vol in the markets which will help the strategy create...
• USD technical picture still looks bullish, supported by multi month ascending trend line • There are 2 support lines, labeled in blue and • Higher slope and steepness is called accelerating trend line, which signals a strong dominating bullish trend • Index also supported by the orange multi year trend line resistance turned support now • Next target on the...
With profits of 200pips from yesterday's short to $1910, we're now long. Prices at around 1910 dollars seem like a great place to end the current correction and begin a new upward move, for the following reasons: 1) The June 2021 broken resistance high should now serve as a strong support level. 2) A 50% Fibonacci retracement of the 15th December rally is...
The May 3, 2022 FOMC Meeting minutes was released 5/25/2022, which is another opportunity for Market Makers to swing price around violently and take out liquidity. We knew the obvious target would be the Buyside Liquidity at ES 3982.25. This level was the only major liquidity level in the nearby area. Also, after taking Buyside Liquidity price would continue going...
✅ RESULTS SO FAR : +115 Pips ✅ THE main analysis : As you can see, the price reached 1.0632 to 1.065 after the correction and reacted positively, before that it was a strong supply range and now, despite organizational support, it can become a demand range (conversion levels) , the next important levels are also marked on the chart. The Second one : ...
Posted a short yesterday that missed the entry by a smidge so same concept but the opposite way and if you caught the short off 30k then this is the long hedge after FOMC notes were a nothing burger but hint at not being so tough on inflation in coming months.
Could we be seeing the formation of an inverse head and shoulders on the Nasdaq? Happy trading! Linton
FOMC – 25/05/22 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’ve...
As you can see we've had 3 FOMC meetings in 2022 and they've had bearish influences on NASDAQ 100 index. What will happen this time?
I like to short altcoins and long Bitcoin BUT... when Jerome Powell will likely be delivering a KO to the market today at the top of the most clear range ever.. I can't help but call out what I am going to shoot at. #BTC has gone from $28600 > $30,600 > $28600 > $30,600 > $28600 > $30,600 > $28600 > and not heading to $30600 pending bad news.. If JPOW surprises...
I think that it is very possible that today's FOMC meeting will decide the fate of the Nasdaq and the S&P500 for that matter. Watch this video to see the levels that I am watching for possible reversals or confirmations for downside. Happy trading! Linton