I am thinking Euro/Dollar could finish a bigger corrective structure, however during the ECB meeting I am also expecting another move to the downside. After the meeting is done there could be bigger long swing playing out since I am assuming that most of the ECB rate cut on Thursday has been already priced in.
Have a look at the snapshot above. It represents the nearby support and resistance levels on monthly TF of NZDUSD. A convincing close of monthly candle below 0.64000 would likely confirm probable bearish continuation until 0.61000 where the next support lies. Looking at the main chart, there is a nice descending channel continuation! Should the monthly candle...
range: $281.72-$294.15 Going long the lower end of the range and shorting the upper end of that range has been profitable for the past few trading weeks.
INSTANT ENTRY AT AROUND: 107.350 LEVEL POSITION TYPE: SHORT STOP LOSS: 109.500 TAKE PROFIT: 105.00 RR: 1:1 SHALL THERE BE ANY UPDATES I WILL PROVIDE THEM IN THE THREAD BELOW. BENEATH YOU CAN FIND THE ANALYSIS BEHIND THIS TRADE SETUP As seen from the main chart, the weekly TF shows the price respected by a long term held triangle (black lines). The blue line...
The Sterling Pound The markets were optimistic regarding Germany’s Merkel agreement for the Irish backstop. The divorce with the EU, and Boris Johnson’s plan to meet with the Merkel will probably not accomplish any progress but headlines have moved Sterling a little higher.
With ECB committed to ease in September, pressure is increasing on SNB to further cut rates towards minus 1 percent from current minus 0.75%. CHF has appreciated considerably as a safe haven move recently making higher possibility of intervention by SNB. chart structure has started to favor fall in Swiss franc in coming weeks. Further looking at SMI 20 strong...
With global equities continuing to be supported by favorable liquidity conditions and little else, it was really just a matter of time before risk assets came under more pressure. The biggest red flag was flying in the bonds market, where global bonds have continued to rally sending yields sharply lower. Equities rallying strong along with bonds is not...
Technical Analysis based off Price Action and the Fed's cutting rates.
Trump hits Beijing with tariffs this coming September. The markets retaliate and consumers run to Bitcoin as a speculative store of value.
Please have a look at the last time that the FED began lowering rates; they began with 25 basis points, and they ended at ZERO percent.
This is a follow up to GAMS' first post. The Fed's 25bps cut, coupled with hawkish verbiage, added more weight to the already dwindling American corporate earnings and further confirmed GAMS's bearish view towards the rest of 2019. Strong USD will create strong headwind to heavy-weight components in SP500 like MSFT, AAPL, etc who rely heavily on foreign...
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Back in March of 2019 I put this out there...and here we are, getting a rate cut today !
As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair. We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...
Is the S&P500 finally ready to breach the to resistance and go for the 161.80% Fibo? Zone at 3091.2 looks open now, but the price has landed just a bit above the long top diagonal resistance. Demarker is also moving inside the overbought zone, which indicates that a strong buy impulse is going to follow, before the price starts to fatigue and the movement to reverse.
USDCAD Weekly chart gives us an indication of overall price momentum to the downside as price has retested the weekly resistance zone of 1.35200. Overall a break in upwards channel from 1.34150 has seen USDCAD sustain its shorts over the last 3weeks. After a break - Price will usually form a pullback/consolidation zone. Perfect for re-entries. A Weekly Pullback...
Small H/S in 15 min, not really big enough to short IMO, but may provide better buying opportunity prior to "expected" rate cut EOM. Could setup to bring SP back down to lower boundary due to primary pattern.