This signal can end up nullifying a quarterly chart uptrend signal in $EURUSD, certainly interesting, massive coiled spring here. I'm keen on going long the dollar against weak currency pairs here. The $DXY trade itself isn't bad at all either.
Market is in risk off mode so far, we had rising $VIX and $DXY while everything else was falling.
Risk is 1.1% ish down...
Q: What has the highest probability of occurring?
In 2021 gold has been rotating between $1900 and $1700 per ounce.
While a variety of classic patterns have either formed or attempted to form throughout the year there appears to be a broader attempt at a double bottom in 2021.
The double bottom, having recently tested and rejected 1700, would need to breakout...
The last weeks it happend again, I saw some traders with less knowledge (young and old) who crashed their accounts very hard. They lost a lot of money and for some it was very dreadful!
It is hard to watch this people how they burn money and bring even his own family in financial danger. That´s why I decided to share one important chapter from my book here to...
The algorithmic advisor Market Miracle generated the input signal SHORT that decrees the end of the climb previously planned by me and that it has actually come true.
The bell has rung and now we go down .. That’s what my analysis says.
The market phase is compatible with the short currently the phase is 3.2 therefore corporations are already downloading...
AUDUSD refreshes intraday low under 0.7400 threshold as covid woes escalate in Australia, taking down the overall risk sentiment amid pre-Fed cautious mood. The same reverse the Aussie pair’s breakout of a three-week-old resistance line, portrayed the previous day, by staying below a broad horizontal resistance area since July 09. Hence, the quote is likely to...
US10y is moving lower but usdjpy keeps moving higher these two assets are highly correlated indicating a potential move down in the mentioned pair.
I labelled the take profit and stop loss levels along with the entry level.
PM me if you have any question about trading or about the trade.
Have great day!
This technical setup is backed by potential more dollar strength as FED turned hawkish, inflation is not seem transitory and rates should be raised.
This means a risk-off or others call it risk aversion environment which means safer currencies are more appreciated than the higher yielding commodity based ones.
Have a great day!
Despite bouncing off intraday low, EURUSD remains below immediate hurdles, namely 50-SMA and weekly rising trend line. Also keeping the pair sellers hopeful are the downbeat MACD and RSI conditions. Hence, the latest corrective pullback could be ignored unless the quote stays below the short-term resistance line around 1.1985. Although a breakout of 50-SMA level...
Despite failing to cross the previous support line from May 13, AUDUSD holds onto bounce off 50-SMA amid early Monday. Given the pair’s risk barometer status amid the current cautious markets, AUDUSD is likely to remain heavy. Hence, a clear downside break of 50-SMA level surrounding 0.7570 should back the bears targeting the yearly low of 0.7478. During the fall,...
Is Bitcoin a good barometer for the broader market? The chart laid out above suggests this is a possibility - and indeed, it would make a lot of sense, considering how risk tends to peak prior to tactical and cyclical corrections in the stock market, and Bitcoin is broadly considered to be a risk asset.
Note how the 2017 macro top in BTC foretold a top in the...
The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger...
EURUSD was in an up-trend in the past month due to Dollar weakness and Euro strength, Dollar seems recovering, and EURUSD just close the week below 1.20600 after testing 1.21000. For this week price could drop reaching 1.18900.