Waiting for reject on 4h psihological and support level before taking long position !!
Overview: What's happening? The risk assets have been confirming their short-term weakness and the need to correct and digest recent gains. We can see that most of the stock indices are in negative territory these days. The big technical picture of DXY also suggests possible upward momentum. We can expect the increased volatility in the Forex market in the...
Global view: What's happening? While global coronavirus cases rise to 100 million, the risk assets keep rising as well! DXY remains relatively neutral, as it's range-bound between ~90.75 local resistance area and ~88.75 long-term support. I'd confidently consider trades in USD related pairs once DXY breaks either of the range borders. For now, it's better to...
As the world rebuilds - the demand for oil will rise, the output from OPEC has been drastically cut but with that being said, economies rely on this as a main fuel driver for the moment. Wey have monthly zones to hit into towards March to may 2021 This will be a long term trade hold for us. We have a green zone of strong resistance now with a great base to...
SPX500 to 4300 target for 2021. based on the projection of a correctional move within certain months, however the rate of debt the debt market cycle has not been reacting negatively yet with yields still intact and further debt creation to refinance debt obligations . There will be weeks and months which have negative returns, however the overall Fibonacci...
What's happening We've been consolidating for two weeks already, with the last week being more of downward pressure. The broad markets are consolidating near their respective resistance/support areas. The ultimate event I'm waiting for is the breakdown of 90.50 support and the continuation of the downtrend in DXY. I believe when we see that breakdown, the trend...
USDCHF reached a strong demand zone Based on our outlook the USDCHF will rise to the underlined supply zone. Like, comment and subscribe to our TradingView Page.
General overview - Asia leads FX market and the Western Indices were incredibly boring last week, with DXY, DAX and S&P500 staying in the consolidation. Asian markets continued to advance. In SG30SGD (Singaporean index), you can find some of the smoothest and strongest uptrends. The Singaporean market seems to be relatively strong, along with India, Australia and...
The pair is within a bullish flag and is currently testing the resistance of the flag. The last candle pattern on the pair seems to be a three line strike, if the pattern follows through we may see the pair rally towards the next resistance zone then attempt to break back into the wedge with the aim of testing its resistance. If the patterns fails we could see the...
The pair can be seen within a rising wedge and seems to be within the resistance zone of a key level. A break above this level could indicate a further buy whereas a rejection could be the initiation of a downtrend. We'd need to monitor the pair closely for accurate predictions. If you liked this price outlook make sure to give us a thumbs up, leave us a comment...
Near term bearish/mid-long term bullish.
All timeframes showing bullishness
Mixed west with strength in Asia The week started with mixed markets. The US and European markets are still digesting gains staying in the range near their respective key resistance areas. Asian markets show some signs of strength following NIKKEI's recent powerful breakout from the long-term range. Smaller markets like India, Indonesia, Singapore also show...
Elections week rollercoaster After the last week's wild price action related to the US Elections, DXY erased my expectations about any sort of USD recovery. DXY went from the top of the 3-months range to the bottom (currently testing the grey area). The last line of defence before the downtrend in USD resumes is around 91.75 low (Black horizontal line at the...
short: I expect 3 steps down. Around 13K...12K...11K. next buy: around 11K with target 16K ps: no advice...only my opinion. pps: my bet...trump(f) wins ;-) Greetz, Nose