Recession to Depression. Inflation will not be the same.
Since FED started to raise interest rates I decided do not share any TA here… Raising interest rates bullish for U.S. dollar - bearish for our Crypto world! Im watching more close DXY since I saw an article ”Saudi Arabia requests to join BRICS” As we can see on the monthly chart DXY was moving inside of rising parallel channel since 2008 and since 2021 the...
Demand always rules supply. Always. BLUF: Short-term projection = TBD Mid-term projection = bullish Long-term projection = bearish to extremely bearish Traders, I have been quick to point out the tremendous amount of disinflationary data in my videos which leads CPI reports in some cases by as much as 6 months (i.e. -rent). Now, let's take a closer look at the...
Hey tradomaniacs, DXY (US-DOLLAR-INDEX) is currently re-testing the primary trendline aswell as support-zone. Question is will it hold or not? I can tell you it is tricky due to the new expectations the market prices in in uncertain times. What do we need for a bullish US-Dollar? 1. Risk-Off in stocks 2. Rising Yields / Falling Bonds Fundamentals: So...
GBPJPY H1 - A mental week to say the least for the GBP and YEN, yet again. Some monster moves, 600 pips seen on single M5 and M15 candles, thankfully, healthy corrections seen towards the latter part of the week, which has balanced zones and made things measurable for us to follow going into this fresh week. Huge 10R trade potential down towards the previous area...
4 hr. was forming a bearish flag at resistance (purple TL). The third touch since 2009. And now we flush!
USDCHF Intraday - We look to Sell at 0.9856 (stop at 0.9881) The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 0.9795 and 0.9785 Resistance: 0.9800 / 0.9830 / 0.9860 Support: 0.9760 / 0.9730 / 0.9700 Please be advised that the information presented on...
Will the Fed responsibly consider the dis-inflationdata coming in? Or will they continue to try to please the market demands?
Under Armour Inc Short Term - We look to Sell at 9.16 (stop at 9.59) The primary trend remains bearish. Bespoke resistance is located at 9.25. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies. Our profit targets will be 8.06 and 7.50 Resistance: 9.25 / 11.50 / 18.00 Support: 8.00 / 6.00 / 3.00 Please be advised...
Is the Eurodollar giving us some hints into the mind of JPOW and the fed?
Will the "M Pattern" continue to play out? So far, so good!
This is a SPY weekly chart after the Friday FED speech signaling continued hawkishness till inflation drops to 2%. Spy has a history of making bulltraps (higher highs on this weekly chart) before plunging as seen in my several boxes. It was rejected by the black downtrend line from the 476.44 ATH (see black falling wedge) & also rejected by the horizontal neckline...
-RSI inverse H&S formation, looks to be gaining strength and passing test at 50 RSI -Downward trend (orange trendlines) was broken. Now DXY is trading in a parallel channel (white borderlines, gray centerline) and has been bouncing off the bottom like a pinball and then hanging around the midway point of the channel consistently. -MACD is curling up and...
Macro trend analysis and price action suggests that the bull run for the US DOLLAR / DXY is not over yet, and at best, will have a small period of sideways consolidation on the Fibonacci line shown, before continuing its upside. The yellow lines shown are what I would consider reversal areas, the first one being at around 120 and the second at 160. This analysis...
Traders, Why $18,415? Where did I get that level of support from? Will it hold? Is it time to DCA? And why am I only trading in USDC/BTC pairs now? All of these questions and more will be answered in this episode of my crypto market update. - Stew
The EURO is likely to strengthen against the Canadian Dollar as the European Central Bank signals interest rates are going up in July and September, to move the overnight cash rate from -0.50% to 0.00%. The reason the EURO will strengthen is down to the fact that interest rate differentials will narrow from the market's previous expectation, so investors who are...
Events: US - FOMC Minute US - core PCE Inflation US - FED Speakers FED is expected to raise interest rates by 50bp at the next meeting. Keep an eye out for dovish members warming up to the idea of a 75bp hike instead. Doves turning more hawkish. _________________ NZD - RBNZ rates decision Close to a 50bp hike is priced in. Expect a move in NZD if they only...