Just a friendly reminder....BTC is doing the exact same thing it did just months ago, when it put in the previous Macro Bottom.... Impulse Leg up....Retracement to the 66.6%...... Repeat...... So far we've had a stellar bounce from this level. I'll follow up with a Daily or something in a bit...
Its my alternate count. Basically the idea is what current rise from 3k to 69k was just a Wave 3. Current "crash" is just a corrective Wave 4, which will go either to 100 WMA or 200 WMA, which historically provided the most support for Bitcoin. After that we will see the long awaited 100k and probably a blow-off top, peak mania phase which will mark the end of...
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced down from the key level of 128. The eurozone Unemployment Rate data (Actual: 7.3%, Forecast: 7.3%, Previous: 7.4%) released yesterday indicated a slight decline in unemployment during the month of October. European Central Bank President Lagarde will be speaking later 1630 (GMT+8). During this...
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY bounced off the resistance zone of 151.000. Bank of England committee member Saunders will be speaking later at 1900 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/JPY is moving towards the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at...
Overall, USD/CAD is trending upwards. Yesterday, the OPEC+ concluded its monthly meeting by sticking to the 400,000 barrels-per-day of oil production hike for January 2022. Also, the organization said that it will evaluate the market conditions and make ad hoc changes to production quota if necessary amid the uncertainty caused by the Omicron variant. The...
Overall, GBP/USD is trending downwards. Bank of England committee member Saunders will be speaking later at 1900 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is testing to break below the key level of 1.33. Its next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD.
Overall, EUR/USD is trending downwards. The eurozone Unemployment Rate data (Actual: 7.3%, Forecast: 7.3%, Previous: 7.4%) released yesterday indicated a slight decline in unemployment during the month of October. European Central Bank President Lagarde will be speaking later 1630 (GMT+8). During this time, there may be volatility in EUR. The eurozone Retail...
Overall, USD/JPY is ranging across. Currently, USD/JPY is moving towards the support zone of 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY if it bounces off the resistance zone of 115.300.
Overall, AUD/USD is trending downwards. Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it breaks the support zone of 0.71000.
Overall, NZD/USD is trending downwards. Currently, NZD/USD is testing the support zone of 0.67900 and the next resistance zone is at 0.69500. Look for short-term selling opportunities of NZD/USD if it trades below the support zone of 0.67900.
Yesterday, USD strengthened against most major currencies except GBP, NZD and CHF. The U.S. jobs report will be released later at 2130 (GMT+8). Average Hourly Earnings m/m (Forecast: 0.4%, Previous: 0.4%) Non-Farm Employment Change (Forecast: 553K, Previous: 531K) Unemployment Rate (Forecast: 4.5%, Previous: 4.6%) The ISM Services PMI data (Forecast:...
Idea for Macro: - Just as the Fed shifts their narrative from "transitory" to "persistent" inflation... - November saw crude oil with a 6 sigma move to the downside. Oil is inflation. - Eurodollar futures curve inverted from 2024-2026. Next CPI print will be a bewildering miss, and by January's (December) print, the deflationary fears will start to settle, but...
Overall, AUD/USD is trending downwards. The Australian Retail Sales m/m data (Actual: 4.9%, Forecast: 4.9%, Previous: 4.9%) released earlier today indicated that consumer spending rise at the same pace as previous data release. Currently, AUD/USD is testing the support zone of 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling...
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY rejected the resistance zone of 128.500. The eurozone Unemployment Rate data (Forecast: 7.3%, Previous: 7.4%) will be released later at 1800 (GMT+8). Currently, EUR/JPY is moving up towards the key level of 128. Its next support zone is at 127.200 and its next resistance zone is at 128.500. Look for...
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY rejected the resistance zone of 151.000 and broke below the key level of 150. Currently, GBP/JPY is testing to break above the key level of 150. Its next support zone is at 148.900 and the next resistance zone is at 151.000. Look for short-term selling opportunities of GBP/JPY if it bounces down from the...
Overall, USD/CAD is trending upwards. The Canadian Manufacturing PMI data (Actual: 57.2, Forecast: NA, Previous: 59.1) released yesterday indicated a slight slowdown in the pace of expansion of the manufacturing sector in November. The OPEC+ will be meeting today. Pay attention to the organization’s view on the Omicron variant of the COVID virus and how it will...
Overall, GBP/USD is trending downwards. Recently, GBP/USD broke below the key level of 1.33. GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD.
Overall, EUR/USD is trending downwards. The eurozone Unemployment Rate data (Forecast: 7.3%, Previous: 7.4%) will be released later at 1800 (GMT+8). Currently, EUR/USD is moving down towards the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD if it breaks...