Short NZDUD @ 0.71725 Lets see if we can hit Targets!
Gbpusd Confused.Bank of Englan Rate Time!!!!
CHF too expensive in EUR terms I expect a rate cut by the SNB.... if not...they will intervene directly.
The best Idea to play BOJ and FOMC from a risk-averse perspective is to own both in a Long Straddle Strategy Dynamic Straddle: Long USDJPY & Short GBPJPY - TP from volatility & Event likely hoods TP levels = cannot be greedy else you may miss one trades exit point so <25 pips when it goes in your direction for each - total TP = 50pips as 2*25pips Reasoning...
$NZDUSD exploded higher as the rest of the Majors due to the Dollar's weakness last Friday. Now it is reaching an interesting resistance zone - One that has generated nice bearish moves in recent weeks. Broken uptrend line - Now should act as resistance Psychological level and daily structure zone PRZ of Harmonic patterns. Interesting potential Sell Zone...
Cypher pattern on daily tf. Filled long in Asian session respectiong the pattern. Looking to add more around the flat bottom of ichi cloud (traditional one last FU move before the squeeze) Target: Flat top, ~ 0.382 fib. retrace. Notice: Flat Top/Bottom Kumos The flat top or bottom that is often observed in the kumo is key to understanding one piece of the kumo's...
This pair has been a headache over the past few days. However, I think I have finally figured what this pair has been up to: - The market underestimated the possibility of a rate hike in June until the last FOMC Meeting Minutes on May 18th. This explains the lack of real sustainable rallies since the one that took place on the 3rd of May. - The FED has stated...
This Wednesday we have RBNZ's Official Cash Rate and Rate Statement. Will this news event give the signal for a bearish move to sub 0.7 levels? I can see price do a number of things by Wednesday. Already anticipating bad NZD news and break lower to 0.6680 region slowly moving towards the lower trend line which then breaks upon the news Staying around...
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AUDUSD sell traget 0.6800 : stochastic is showing negative signals that might push the price to return to decline Fed Interest Rate Decision , move AUDUSD down
We know that this hike is basically a sure thing. But I expect to still see some price action that we can take advantage of
View : Bullish Pattern : Head and Shoulder (inverted) Stop level: 1044 Entry level : Closing above 1076 Target : 1105 and higher
So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...
Technical Analysis: Technicals are on the chart, the Fibonacci Retracement, S/R Levels and Measures of Trend. The pair is trading below the 200 Day MA and the Long Term Pivot at 1.56600. Typically, short positions are sought with this in mind. If today's daily candle close is bearish, then the candlestick formation becomes an Evening Star at 52400...
Gold price broke below 1080 last week and created a new low. The latest sell off started from the bearish pattern I mentioned here few weeks ago and was accelerated when Gold broke below its weekly uptrend line. The critical support now is 1040-1060$. As you can see, Gold will complete two weekly bullish patterns inside this zone – Bullish Crab and Bullish...
With the Fed talking about raising rates, we don't have much room to go if we stick with EWP. Watch the fed keep rates as they are and we get the USD to drop. Wonder if that will set the stage for a rate hike after that?
From a technical stand we look like taking another leg higher on the Dollar as you can see from my chart here. We also have more and more talk about a Fed rate hike before the end of the year which even if it doesn't happen can cause a rally in to that news with the excitement it will create.