Goodday traders and welcome to the last weekly update this year, The last 2 months of this year are going to be awesome. Extreme volatility and volumes are hitting the market like a hammer, and that is no surprise as there is so much at stake right now. For gold I expected to hit 1850 at least before FOMC, but that seems to be a bridge too far. Now we are nearing...
Flows into USD continue with yields unlocking potential for flattening. The latest breakdown in euro is calling for a reassessment across all charts, did not expect the pullback to come this far, so we will go through the process over the coming sessions. An interesting environment, we are in the middle of summer with thin liquidity and technical discipline...
Hello Traders Here is a new SELL Scenario, Federal Reserve 'on track' for tapering asset purchases. For a longer term, it can reach 1.15 and 1.14 for a quarter if you are patient. 💹EUR/USD SELL STOP ✅ Entry @1.16300 or below ✅TP-1# 1.16200 ✅TP-2# 1.16000 ✅TP-3# 1.15800 ✅SL# 1.16800 Source : www.actionforex.com JamdeJam will not accept any liability for...
The best move in FX, since 2020 was the idea of early development of the base in USDJPY, let's start with a quick chart review which really got into the heart of the matter. This update is much more about the technical configuration and how to work with an impulsive move. Unlocked. As is now becoming clear to many analysts, USDJPY is playing towards the...
Will try to keep this one short and sweet.... a strong move from buyers here is decisive, sellers have given up their parry and have really been outplayed ... you should never be a slave to one side !!! The tempo is clearly in favour of bulls. The immediate threat is 114 with 118 above. Consider that above 118 there is very little in terms of resistance...
The meeting of the members of the Federal Reserve was held today at 17:30 Iranian time. In this post, we will analyze his speech and the direction of the market. Remarks by Mr. Powell US Federal Reserve Chairman Jerome H. Powell said in a statement today: 1- Inflation is expected to decrease 2- Trying to control inflation and employment 3- Reduction of...
Hi Guys, to keep it simple... Financial Crisis 2007-2008 and Pandemic led to the implementations of QE programmes in combination with other accomodative monetary policies. Following these events FEAR drove the value of Gold to its highest at $2.000 both in 2011 and in 2020. In both these occasions, after having reached $2000, the precious metal bounced off the...
My previous analysis and signal hit SL. Am giving GBPUSD a final shot this week. With News release by Fed Chair Powell, we might just gain some bullish power (if and only if US inflation numbers are good). Buy within the yellow box if price reverts. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade...
Goodmorning guys, a quick pre-FOMC update on gold, Solid bullish PA and bulls printed 2 white soldiers on the daily timeframe with a solid close 1768+ (0.618 fibo). This makes it very likely bulls will try to reach the next fibo level, which is around 1797 and printing the third soldier. They might stall at 1790, around the bearish trendline. COT-day Many...
Right or wrongly, as soon as the word ' taper' is announced, or even eluded to - the market goes into Ape mode and trades axiomatically - in full Ape mode it means: - Sell SPY - Buy DXY - Sell commodity currencies. Tapering is actually positive, so in effect the right thing to do if you don't want to scalp the short Ape Trade, is buy at lower levels...
Another gap up and fade this morning. Want to see a close above the black line (short term trend)
Welcome back traders to the last month of Q3. It was quiet from my side for some time, due to the summer holiday break and major risk events on the horizon. A lot has changed in a few weeks. The market was pricing in tapering and interest rate hikes by the FED in early June, but the sentiment changed quickly after a disappointing speech for dollar bulls by Powell...
Gold was given a helping hand by Jerome Powell and the Fed on Friday when they signalled that they can be patient on tapering and that it is not linked to interest rates. The comments brought US yields and the dollar lower and triggered a rally in gold which generally does well in more accommodative environments. But while gold did rally and significantly break...
EURUSD broke above the descending channel earlier today in a move that may be indicative of a correction being underway. The breakout followed comments by Fed Chair Jerome Powell on Friday when he reaffirmed the view that the Fed is still considering tapering this year while also urging caution and patience. More importantly, he stressed that tapering and rate...
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Sequences and corrections illustrating waves for those who are not holding any live positions from below the long-term swing is becoming increasingly expensive, invalidation is clearly defined below the 'B' at 101.4x, while taking October 2018 highs 'D' should be enough to "trip the fuse" and trigger momentum towards 125 and 149.3x a multi-decade ABC...
Here in this position, it is clear that intensive work has gone into supporting the entire global recovery. Moreover, we could already count the resilience in credit as ideal results from the covid siege. But now I want to focus on the US and small caps in particular are getting to work and the advance is leading to a more palpable exhaustion leg and opening...
The positional struggle, or put simple the slow siege from sellers back to the base is finally exhausting. Powell has attacked with a move several times the strength of the surrounding defence. USD will now maintain the pressure and birth of fresh strength will unlock the next leg higher in USDMXN. Since 2018 we have been tracking the explosion higher. The...