Hi guy's, in this week's video I mentioned the continuation higher in AUDUSD to fulfill at least the minimum requirements. This has been done and our original buy's have been succesful. Next the rate decision is on the agenda. In my video I also explained the difference between a continuation and an extension. The daily time frame does not show one unique wave to...
Overall uptrend on D1 TF. Looking to long if retest at 0.8744. ISL: 0.8724 (20pips), FTP: .9091 (Fibo R 61.8) Thursday BoE rate decision will see a volatilty in pound. GBPUSD will see a obvious down or up trend. If there is a rate hike, EURGBP will break below 0.8744 and this analysis will be invalid. If is a surprise unchanged rate decision, euro will rebound...
This is another CAD pair that I look to play. GBP's news this week has not been positive while the coming expected good news such as Manufacturing Production m/m is on Friday and in my opinion the rally yesterday is quite premature especially with CAD rate decision due today. The analysis is related to my USDCAD pick, looking at price action so far the GBPCAD...
The EUR has been eating the New Zealand Dollar with a vengeance since Feb 23rd We have seen since then a slight pullback to the 0.23 Fib and then a fail to retest the high of 1.5452 We will enter LONG if the High 1.5452 is compromised and also enter Long is we get another bounce off of the 0.23 fib level we also looking at the 0.38 level & 1.5127 area for a...
The dow jones industrial looks sure for a big crash!!! with yellen raising rates next week CMF at extreme +0.50
Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
USDJPY immediately relatively bearish, to potentially form an inverse H and S. After this, it might rise both due to Trump's upcoming tax plan and due to the potential for a rate hike. This is somewhat tentative though. Price action in these zone will be key. If the dollar decides to go bearish for a little longer before looking forward to the possibility of a...
The RBA rate decision tomorrow at 0330GMT has unanimous expectations for rates to remain unchanged at record low 1.50% (ASX 30-Day Interbank Cash Rate Futures pricing in a 95% chance of a hold). Data has been weak since the last meeting with Unemployment Rate rising for both December and January and is now at the highest since June 2016, while we also saw a miss...
Right now i'm getting ready for my live trading room stream, and I came across this bearish cypher pattern here on EURJPY. This will potential complete @ 122.531. Minimum stops need to be above the X-Leg. Here on the chart I have my stops at a 1.130 fib inversion of the X to A leg. Target 1 will be at the 38.2 fib retracement and target 2 will be at the 61.8 fib...
Looking for short around $1174 - $1165 Let's see how this trade manifest!
Market is showing the Fed the way...again...expect Ms. Yellen to concede tomorrow that December rate hike will be done... Short 10 Year...for the next couple of years...
As expected the fed decided NOT to change the fed funds rate or discount rate. We could/ shoud see some USD flushing of fed funds for september to the downside I stick with my 99.5 to 100 for USDJPY shorts as attached. Attention now turns to Yellens speech in 30mins - deeper analysis to come then. FOMC Rate Decision: Fed Leaves Policy Rate Unchanged, Says...
RBA Cut the Cash rate to 1.50% by 25bps, the market has had a very subdued reaction though, barely falling 30pips from market. I still think there should be more downside here and into the mid/low 74xx before the full fade comes in - so luckily room for retails to get in, looks like the algos were having a day off today. This is positive for any kiwi$ short...
SNB President T. Jordan comment highlights: - If Needed, Can Cut Rates Further - 50bps to 1.25% possible until negative rates turn less effective - Big Concern Over Significantly Overvalued CHF in 2016 risk-off dominated year - CHF 3m Libor prices 80% chance of a 25bps cut (-0.75 to -1.00%) within 3 months (was only 40% before brexit) - Low bond yields not...
The FOMC rate statement was largely in line with expectations and to the hawkish side - with a september hike hinted at. Much of which followed the rhetoric of FOMC members in the past few weeks (see previous posts) and data (disregarding the poor -4% durable goods mom print). Perhaps the most hawkish/ promising statement made for a Sept rate hike was the fact Fed...
The RBNZ decision is coming up tonight at 22 UK time. While the expected outcome, on paper, is for a stay of the current rate, economists seem to speculate a probability of ~ 20 % of a rate cut I think, which is high but not so much to discourage a stay setup. How can we trade this exciting piece of news? Two setups come to mind. This, the second one, is alligned...
The RBNZ decision is coming up tonight at 22 UK time. While the expected outcome, on paper, is for a stay of the current rate, economists seem to speculate a probability of ~ 20 % of a rate cut I think, which is high but not so much to discourage a stay setup. How can we trade this exciting piece of news? Two setups come to mind. This, the first one, is alligned...