Traders, Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome. Here's a breakdown of our analysis: Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the...
I used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win...
Expecting going down using Elliot Wave and possible double bottom. Expecting sideway until around Week 2 or Week 3 January 2023, may happen market correction after this timeline. Beware of gap or long candle that may expedite reversal. Good luck.
Primary Chart: Linear Regression Channel for DXY on Daily Chart, Upward Trendline from November 2021, and Parallel Channel from 2008 DXY Lows Since the low on January 6, 2021, DXY (the dollar weighted against a basket of several other major currencies) has ripped about 28.66% higher, causing ripple effects in equity markets, commodities, and international trade....
Primary Chart: Linear Regression Channel and Two Long-Term Anchored VWAPs No matter what method is used to analyze and define the trend, AMD has been stuck in a severe downtrend since its all-time high on November 30, 2021. Like other growth and technology stocks (except for FAANG stocks and Microsoft), AMD's November 2021 peak occurred a month before the S&P...