In this video we look into DXY structure and how this is so exciting for a few USD pairs. Generally across the board on the HTF we are seeing lots of corrective patterns completing their moves. These are nearly always followed by large impulsive movements in the market which are fantastic to capitalise on. USDJPY and GBPUSD see some clear impulsive phases...
Even though we are bullish on Gold long term, I still believe there's a chance that we could be entering a Wave 2 correction, which could lead into 2023🤔 If you look at the chart, you'll see market has or is just about to finish its 5 wave impulse move, which would mark the completion of Wave 1. This should technically be followed by Wave 2 correction, which...
EURGBP H4 - Managed to bounce nicely from our indicated support yesterday, a nice break in lower timeframe trend, looking for a retest of that same support price which could result in an attractive H4 double bottom to position long from. Trading up towards that 0.87800 resistance price.
BIAS-SHORT until next level 105.40-105.00 then monitoring that area for PA. NOTES- Currently fundamentals is against the dollar due to fed meetings on looking to slow down interest rates in the near future. Our next interest hike is on December 14. Will the feds keep up the 0.75% basis hike or will it be 0.50% this time around ? If the feds slow down interest...
XAUUSD H4 - May look a little bit messy on the face of things, but from swing low data 03/11 up towards swing high dated 16/11, we have started to correct, TP seen from recent analysis yesterday before then climbing higher, but this falls short of our 382, we have since seen a pullback to our H4 break and retest zone (that we have yet to have). From current price,...
With all the chatter on the Fed Pivot, we think it’s worth exploring, what happens after a Fed Pivot or Fed Pause. Let’s break down the discussion into two camps, a Fed Pause, defined as a pause in policy rate hikes, and a Fed Pivot, loosely defined as reversal of policy rates aka rate cuts. To keep things in context, we will look at the effect of the Fed’s...
Do to the huge gap in interest rates between the EUR and the HUF it seems like it will only be a matter of time before a bearish pattern like this were to play out.
On Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level. Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level. Look for the NZDUSD to break the 0.6120 interim price...
If you check correlation with other assets, be it Gold, stock indices, other currencies or commodities, you will see how they are massively correlated (from 60% to even 95%) with gold. This, first of all, tells you that 1) basically all your investments depend on the answer to this question as the dollar is the king of the markets now and 2) trading XAUUSD...
Presently, the inflation rate in the US has started falling, which increases expectations for a pivot - end of interest rate hikes. And factually, we can actually expect it. The supply of M2 Money Stock (M2SL) and its annual growth rate are decreasing. The global economy is shifting, as leading economic index (LEI) indicate. This will undoubtedly put pressure on...
The trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest...
Finally unveiled, the UK government's Autumn Budget was conservative and cautious, in line with market expectations. A fiscal consolidation of £55 billion has been announced, to be split evenly between more taxes and lower spending. From the next year until 2028, windfall taxes on oil and gas companies will increase from 25% to 35%, while the Energy Price...
Gold is edging higher. As predicted, we are running into resistance from a cluster of levels in the $1780's. This is confirmed by red triangles on the KRI at $1778 and $1784. We have one more level to go at $1789 before we are able to test a previous value area beginning at $1795. The Kovach OBV is still strong but appears to be wavering. If we retrace, we...
We update the analysis of the Euro that we have already done on other occasions. I think it's very easy to see what happens here. - Bearish Channel, bouncing off institutional support or resistance zones, but with a dark future. Where the highest probability will be to see the Euro again at $0.85 very soon in 2023 (as we discussed in previous analyses) but also...
I'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week. - More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher. - Increased Liquidity:...
All markets are targeting the levels they were trading at right before the PANDEMIC CRASH! Keep in mind these were the natural levels that were unaffected by the massive supply of funds that were injected into the economy. It only makes sense that we reach those levels again for an official reset. LEVEL SHOWN! Love it or hate it, hit that thumbs up and share...
All markets are targeting the levels they were trading at right before the PANDEMIC CRASH! Keep in mind these were the natural levels that were unaffected by the massive supply of funds that were injected into the economy. It only makes sense that we reach those levels again for an official reset. BLUE LINE! Love it or hate it, hit that thumbs up and share your...
Stocks have benefited immensely from the CPI print on Thursday which showed that inflation is cooling slightly and therefore may signal a dovish pivot soon in Fed rhetoric. Stock indexes have all rallied accordingly. The S&P 500 is currently at the door of the 4000's. We are testing one level below 4009 at 3978. A red triangle on the KRI does seem to suggest...