The mood in the market has changed drastically if we were to compare now with the beginning of 2019.
The gold has shifted into a period of consolidation as the US-China trade war took a breather.
When the trade-deal failed to pull through, it eventually led to escalating global trade risk and the US economic growth is undoubtedly affected.
The Fed hasn't been as...
Market Structure: Trend Line Break
Daily Resistance Level: .995. or .990
Daily Support Level: 98.00
Other Key Levels: 98.200 - 97.300 - 96.169 (50% Retracement Level)
Following the DXY analysis, we are expecting bearish moves on all USD/XXX pairs. Last week we that this pair created quite a few short signals on the daily time frame....
USDJPY has shown strong selling pressure as U.S. economic data has turned very sour and the Fed has opened up options to cut rate.
The increased market risk will also be positive for safe-haven currency such as yen.
Simply wait for a retracement and consider selling at 618 level.
Yesterday’s session started without a gap and after a short correction, buyers really headed upwards to higher levels. Unfortunately, the momentum wasn’t strong enough to reach our target at 12 064. The session was then closed near it’s open at 11 986.
Resistance: 12 064
Support: 11 861
Statistics for today
Detailed statistics in the...
There is a nearly perfect Elliott Wave forming in stocks, with the corrective phase nearing completion. This indicates that we may be seeing the beginning of another bull impulse wave very soon.
True, there is lots of doom and gloom over the trade deal, but Trump is known for wrecking the markets with his tweets, only to provide a resolution shortly after. ...
-MONTHLY REJECTED ACTS AS RESISTANCE
-WEEKLY PINK TRENDLINE ACTS AS A RESISTANCE
-BREAK BELOW A DAILT KEY LEVEL OF 1.9787 NOW WE SEE A RESTEST OF THE FLOOR NOW A CEILING
-MA CROSS TO DOWNSIDE
-38.2% FIB RETRACEMENT
GBPNZD has been respecting the ascending 2018 trendline very much this year and this month will be no different.
Price has reacted to the daily supply zone and sellers have come into the market aggressively. We can tie in NZD interest rate...
keeping an eye on this pair, we can see the price has recently reached the resistance level so if that resistance is respected then we could be seeing shorts playing in. but however if the 146.084 level is broken then we will see long playing.
be careful as we also have GBP interest rate later in the day.
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Shorting the EURUSD, let's see what happens!
ENTRY SELL: 1.1245
TP 1: 1.1220
RR: 1:6 (30 pip risk: 190 pip reward)
Please keep note that Forex is a very volatile market and literally anything can happen at any moment, the trade signals provided here are suggestions only*
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Market curve turned decidedly parabolic after FED interest rate peak around 1981.
The parabolic growth of the S&P500 Index and broader stock market over the past 28 years appears to correlate with progressively declining interest rates.
Every major reversal (rate increase) in the rate decline has been followed by a stall or decline in the value of $SPX.
Right, a bit of a congested chart...
In white, we have $XLF, purple, the US unemployment rate, orange is the European bank index and in yellow, we have the effective Fed Funds rate (US interest rate).
Recent rhetoric from the Fed has been pretty dovish, and we have had a pause in hiking rates, with there likely to be absolutely no hike this year.
If an economy...
EURUSD fell over 100 pips in an hour after German PMI came out the lowest in 6 and a half year.
The dollar was directly affected and gained close to 60 pips.
Many other major pairs were also caught in it, all of them showing a sign of weakening against the dollar in that hour.
However, there's one that diverged from such movement. The gold fell at first but did...
We got EURUSD testing the strong resistance 78.6 Fibonacci Retracement above, while Dollar drifts lower Pre-Fed.
The Bulls will probably be getting exhausted soon.
The chance are in favor that in the days ahead (let's say this week) the price will face strong rejection obviously taking bearish turn.
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One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields...
The following are trades setup ideas in 15 mins chart for New Zealand Dollars Futures .
There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support
These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.
If price action was ABOVE...