Technically, DXY is still in bullish momentum. As long as the price stays above the 38.20% Fibonacci retracement, I reckon DXY will give one more push to visit 97.7. However, a price breakout and close below the 38.20% Fibonacci retracement indicate that DXY will fall deeper to retest the 50% Fib. What we know so far, Powell signals rate hikes and balance sheet...
The gold price has been ranging in 1784-1832 level since December 2021. Based on the price action right now, there's a possibility that gold will fall to restest the bottom flag line at 1780-60 zone. What we know so far, Powell signals rate hikes and balance sheet runoff, but yields hold steady, CPI 0.5% and Core CPI 0.6%, U.S. jobless claims rise by 23,000 to...
Sometimes we need to make the chart as simple as possible to understand the market direction. I only use one minor trendline and one support line in this analysis. So far, the price has already breakout and closed below the "red" line, a pretty strong indication that the market potential will be falling deeper to retest the 1760s neckline. Tomorrow Fed Chair...
Currently, the price action shows a potential descending channel. The "bottom" price would be at 1730-1750 zones based on the technical analysis. This week we are all waiting for JOLTS, 10-y and 30-y Bond Auction, Unemployment, and CPI data. Here are all the charts that I posted since the beginning of this analysis Invalidation: If the price...
Currently, based on the price action, the price near or at the Ascending Broadening Wedge line, if the price stays below the upper wedge line, that's a pretty strong indication that gold needs to retrace or retest the broken major down trendline. Invalidation: This analysis fails if the price breakout and close above the upper ascending broadening wedge...
Currently, DXY is precisely at the trendline. There's no clear indication yet that it would reject the trendline or not. As long as it stays above the daily trendline, I reckon DXY will make a new high beyond 94 zones. Next week we are all waiting for the US data to understand better the next DXY direction. Catalyst: - ISM Manufacturing PMI - ADP Non-Farm...
The price currently retests the broken daily trendline, a strong indication that AUD potentially will fall deeper. If you missed the previous analysis, maybe now is the best time to catch another potential big trade. News: www.reuters.com Plan: - If the price stays below the broken trendline, I reckon AUD will fall to all the targets this month. To see the...
Currently, the price action showing a potential rising wedge on the H4 time-frame. Plan: - If the price rejects and stays below the upper rising wedge line, I reckon XAU will fall to the bottom rising wedge line. If the price can break and close below the bottom rising wedge line, XAU will definitely fall to all the targets this month. Invalidation: - This...
So far, XAU/USD falls back to below the August 2020 - January 2021 trendline Today XAU/USD finally broke the minor trendline Potentially an evening star pattern on the daily timeframe The gold market is potentially gonna be wild in the next few days. I'm concerned about US lockdown breaking news. Last year in March, Gold crashed $300 then rally $600. Maybe...
Technically the chart right now is at the neckline. If the price rejects this neckline, AUD may fall to the minor trendline, maybe deeper to 0.702. Sydney, Australia, on Saturday night, began a two-week lockdown amid a surge in cases of the COVID-19 Delta variant. Catalyst: - Sydney lockdown - US CB Consumer - ADP Non-Farm Employment Change - ISM Manufacturing...
It was a perfect analysis; the price rejected the 1916 zone. The price was falling back down to below the previous major downtrend line. Here's the link to the last XAU/USD analysis Currently, the chart shows a potential bearish pennant, which is means a possible bearish continuation. If the price rejects and remains below the upper pennant line, I reckon...
Yes, I'm crazy enough predicting the crash !! The COVID Crash of March 2020 (Source: corporate finance institute) The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and...
Take-Two owns Rockstar Games and has developed and published many notable games, including its most famous Grand Theft Auto series, Red dead redemption, Mafia series, and a few other big games, including 2K. Last month, Rockstar announced Grand Theft Auto V expanded and enhanced Edition for Sony PS5, Xbox Series X, and will launch on November 11, 2021. Based on...
Technically a potential Golden cross, and fundamentally Arrival seems promising, which went public via a merger with a unique purpose acquisition company (SPAC), has an order for up to 10,000 vans from UPS. Arrival also plans to collaborate with Uber to produce electric taxis in the UK and the Microfactories plan. Last but not least, I love the product and its...
DXY Potentially a falling wedge Invalidation: - This analysis fails if the price breakout and close above the upper channel line and August - September 2020 Demand zone Catalyst: - Price action - GDP - US Unemployment - PCE - PMI - DXY falling wedge
Pretty excellent risk-reward ratio. XAU/USD rejected the down trendline twice on August 7, 2020, and January 6, 2021. If the price rejects the trendline, my chart says that potentially it will reach the final target on August 18, 2021. The biggest question is whether the market is ready to fall deeper or buyers keep buying blindly because of inflation? Research...
Based on my price action, currently, it's a nice retest of the broken TL, a pretty excellent risk-reward ratio. I predicted it would reach the final target by the end of July or the beginning of August. I would wait for the confirmation candle, enter the trade, set SL / TP, and forget about it since the analysis is base on the daily time frame. We had a similar...
The major trend has changed since January 2021, and currently, my chart says that 87-89 potentially the bottom. Technically I reckon there's a possibility that DXY will climb to 94 zones; that zone was the broken neckline. Historical Inflation Rates: 1914-2021 www.usinflationcalculator.com US CPI www.bls.gov "Treasury secretary Yellen does not anticipate...