The latest rebound from the bottom of the channel has given a soft recovery. We are approaching key resistance areas and for those who are bearish on the USD you will need a constructive break above 1.13 to show anything meaningful in this recovery.
I don't subscribe to the view that we have seen the highs in Dollar and expect these flows to continue well into...
Yesterday, Mario Draghi announced a new round of long-term and favorable conditions loans for the banking system.
The new series of operations will be launched from September 2019 and will end in March 2021. The operations will be carried out every three months and each will have a two-year maturity.
In addition, the ECB has confirmed what analysts had expected...
Up and Down
The price having started going upward to test the resistance placed in area $ 1350 has created a series of sales which brought it back down again, with a retest of the static support located at 1280 $. Both technically and fundamentally the scenario has not changed: the trend remains bullish and would be invalidated in the medium term only if the...
Price movementIn
In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a...
TRADE TYPE: PENDING SHORT ORDER
SELL LIMIT PRICE: 110.518
STOP LOSS: 110.964
TAKE PROFIT: 110.072
REFER TO THE RELATED LINK FOR THE TECHNICAL AND FUNDAMENTAL IDEA BEHIND THIS TRADE SETUP. I SHALL KEEP UPDATING IN THE THREAD BELOW. CHEERS
As seen, GOLD is trapped in a range bound trading and is currently en route to the crucial resistance level of 1370. However the real question lies whether the GOLD momentum can continue towards this crucial resistance amid a possible and likely RISK ON appetite in the financial markets?
Today FED chairman Powell speaks which could cause intense volatility in FX...
This pair is about to reach its current resistance 1.012. Getting ready for possible reversal in case USD index reverses down too and doesn't rise all the way to 100. Shorting this pair @1.005 or near it (depending on how price action plays out later) after Powell's speech later (so far I'm bearish in USD overall). Initial TP is @0.9985-1.00 and SL...
New channel
The price has once again reached a key level on a weekly time frame: at the price of 1,127 a static support has formed, which tends to bounce the price and keeping it within this channel, with resistance at 1,146.
Very short, short and medium term
The trend remains bearish in the short term, while in the medium term it continues to be strongly...
The price has invalidated the uptrend in the very short term, going to break down the level placed at 1.317, that was a static support that should have rebounded the price and continue the long trend. After Powell’s words, investors continued to sell the US dollar, making it weaken against all the majors.
The Fed has been clear: at this moment it is difficult to...
EURUSD Daily quite overdue for an uptrend. Given the political issues going on between Trump and Powell, we might see a retest of 1.20 soon either by the end of December 2018 or early 2019. EURUSD has been falling since the 31st of January 2018, its pullback to 1.20 levels is quite overdue.
No point in watching futures tonight since it'll all change when the employment figures are released at 8 am then Powell has a conference at 10:15 am. Watch for whipsawing then KA-POWELL! big movement up or down.
I'm almost all cash, waiting to see what happens.
Nasdaq 100 NAS100
After an early session fail at the neckline Nasdaq duly found the support it needed but it arrived just above the 6698 line and then shot higher as Powell rode in to the rescue.
It's since powered straight to the next target at 6902-6919 after a high at 6917.
Thank you Jerry. Thanks to him that IHS completed in a few minutes flat :)
It's...
AUDUSD was seen resisted again at a 2-month long resistance level 0.73.
A bat formation is formed this time and an inverted hammer has appeared right at point D of the bat formation.
As the dollar has retraced significantly after break above 97, it is very likely that the dollar may resume appreciation. Powell has stayed hawkish on rate hike too.
Therefore, with a...
I thought we are gonna get a reversal with the huge bid upon tagging the 200 weekly MA but so far its just retesting the breakout
Entry: 1.15665
Stop: 1.7459
Target: 1.06670
Hello traders,
Jerome Powell is going to deliver his first testimony about monetary policy today at 16:00 GMT +2. Either today and tomorrow´s testimony in the senate are going to be crucial in order to catch more interest rate hike signs.
Currently EURUSD is facing a clearly bearish medium term trend, unable to clearly break the 1,1768 level, quoting below the...
Hello Traders!
We're expecting the Fed's to raise the interest rates by a quarter at 14:00 EST and we're also awaiting on Powell's first speech. My bias remains bearish for the FX:EURUSD but i do expect a push higher prior to the drop to new lows given that the current rate hike is already priced in and what everyone is waiting for is the details on the plans...
Considering our chart, we can observe a price reduction. If we evaluate our daily chart from the point of view of wave analysis, then we will see the 4th wave, which indicates a decline in this pair. And soon we expect the 5th downward wave. Especially after the statements of Jerome Powell, we expect the strengthening of the reserve currency.
Therefore, we will...
We could see more bullish momentum on DXY with Powells recent comments about interest rate hikes powell is due to speak again tomorrow. WE have broken resistance of 90.50 if we hold above this resistance we can see more upside potential for DXY
