April 2019 is coming to an end so I want to sum up the current market situation so far.
From the 4 assets classes chart below...
Two asset classes are approaching resistance.
The currency TVC:DXY has rally last week and now is approaching the resistance.
Also, AMEX:SPY is almost at its all time high and long term...
Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points.
if it breaks 123.9 we would see price go down to 122.8-123.0,
The correlation between the Bitcoin price and the broad stock market index rises to high positives and falls to low negatives on a regular basis. Thus it seems impossible to predict the movement of BTC/USD pair based on the stock market performance.
The market continues to move based on USDCNH, which poked the DXY lower/EurUsd higher stops were triggered as the pair traded 1.1654. The next level to watch is 1.1685, beyond that we will see another wave of stop losses.
Good Evening Traders,
I hope everybody is doing good.
In this analysis, we will have a look at the SPX. We can see that the SPX is currently in a range of 2555.86 and 2684.14. However, I am expecting a break lower this week. I am expecting a hawkish FED on Wednesday in it' FOMC Statement which can be a catalyst for a move lower.
With that said, I think a break...
After the ECB interest rate decision and EURUSD falling more than 100 pips, I want to share with you my current 1/4 hour perspective.
I have no doubts about it that the EURUSD is still bullish in the weekly chart and daily chart. Tomorrow I will publish a detailed analysis on the EURUSD in weekly timeframe explaining that.
However, coming back...
Several factors pointing to why my bias is long on this pair:
- It is the strongest pair vs. the dollars rise during this recent bull run by the dollar, pointing to a potential stronger bull move when dollar reverses
- Harmonic shark pattern at the demand zone
- Fresh demand zone test
- Fibonacci cluster inside the demand zone
looking for 2:1 reward: risk on this...
Perhaps this is another dead-cat bounce?
These custom support resistance indicator lines show decent places to enter or exit.
The Blue indicator line serves as a Bullish Trend setter.
If your instrument closes above the Blue line, we think about going Long.
If your instrument closes below the Red line, we think about Shorting.
For Stocks, I prefer to use the...
So with a strengthening oilhttps://www.tradingview.com/i/cMNVpsmr/ , why are we having a downtrend , the markets have not yet decided thus I will wait to see , where the markets will move , then I will take a position based on that .
USDCHF usually fluctuates in relatively narrow range. We were down this range for a couple of weeks, but now it's time to go back. We have met the lower trend line and has successfully pushed off. I see a higher high&low completed now (you should never buy falling knifes, I always aware of them and construct my ideas to avoid this type of trading - follow me, and...
Today I can see a trading opportunity for NZDUSD. Previous week was quite difficult for US economy, and we saw economy drop (and some profitable trades, follow me for such ideas right on time). The last months US equity and currency are inversely correlated and DXY itself becomes stronger. So, fundamentals are ok.
From the technical side we have closed below the...
The TNX is currently correcting the 93.43% up move in the mid of 2016.
To make long story short, we want to buy tnx at around 1.99% IF it can manage to break the current low at around 2.17%.
Consequently, with a break of the low of 2.17% and TNX reaching 1.99% we believe that the correction in the indices or not over yet. So in case of a leg lower in TNX we...
So, the eurusd is making a higher high and higher low sequence in the short-term. Structure wise we expect the market to test the 1.1150 levels before the weekly downtrend could resume. If the market breaks below 1.07775 we wouldn’t be looking for more upside anymore. The reason for that are intermarket relations, structure and correlations reasons. We don’t want...
We hope you have been a nice weekend.
In this outlook, we will be going to have look at the DXY. (Dollar Index)
As the DXY recently broke to new lows. It confirmed a lower low sequence.
To make the long story short. The dollar index needs at least one last push to the downside at around 97.76. From there it could finally start its new daily up...