As of September 19, 2024, traders are closely monitoring the USDJPY pair for potential bullish momentum. Several fundamental factors and market conditions indicate that the pair might see a slight upward bias this week. Let’s dive into the key drivers affecting the USDJPY price action.
1. Diverging Central Bank Policies
One of the primary influences on USDJPY...
Macro Monday 38
The Euro Area ZEW Economic Sentiment Index &
The German ZEW Economic Sentiment Index
(Released this Tuesday 19th Mar 2024)
ZEW is the German acronym for the Zentrum für Europäische Wirtschaftsforschung, which translates to the Centre for European Economic Research.
There are two releases from the Centre for European Economic research we...
🍣📈Weekly Channel Breakout and Retest:
MINA previously broke out of its weekly channel and reached its target successfully.
The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement.
🔍📉Corrective Phase and Resistance Levels:
If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...
Whilst this year's 'rally' on the S&P 500 has been mediocre at best, the increase in net-short exposure to S&P futures has been impressive. As of last Tuesday, large speculators pushed their net-short exposure to the futures contract to their most bearish level since late 2007.
Yet with prices rising whilst speculators increase bearish exposure, there is a clear...
Testing a volatility visualization with Fib-level offset, Standard Deviation, Macro Sentiment-based Support and Resistance; as BTC walks sideways through these ranges.
VOO AMEX:VOO is showing promise. Markets have very slowly begun to correct since the Russian Invasion into Ukraine Feb 24th, 2022. Since then, you see some recover on this chart. While things are still uncertain with the overall health of the economy and markets the S&P is gaining some slow momentum. However is VOO a good long term hold ? Well, I'm gonna be...
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* Will the Dollar Keep
on dropping?
* What about fear?
* A look at our indexes
* Bitcoin is not out of
the woods yet!
* $40,800 MUST be
defeated
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Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Wow, what a move this week by USD
Expecting us to come back for liquidity to
96.95. It is possible this Dollar trend may just keep going
but usually the weekly candle crossover provides some bout of
liquidity
Looking for USDCAD to respect 127.5 Price Point on the Daily
Anticpating a pullback to 1.26700 on the 4hr
Really good risk to reward short during High volume
time (London Session Close) We''ll see what happens
This is a day trade, don't plan on holding it into asian
unless we are in a fair amount of profit
I'm bearish on crude as we begin the week, in the medium term. We have been quite bullish on this
commodity. However it looks like we may correct to 86 and/or 85.30$ price point before
continuing our Bullish Ascent to 90$
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Our risk model for SWING-TRADERS (US Stock Market) is still showing a high risk environment.
Swing-Traders should still be very careful and keep risk to a minimum. A very few indicators in our risk model suggest that we may have reached the bottom of the current market correction.
Best way to manage the current situation is to start off with a very few and small...
We have Rejection from Daily Resistance that began during NY Open
This could just be liquidty for another Leg up in Trend Bullish.
However, I like Dollar weakness to finsh off the week.
This is a sell stop, SL about 14 Pips, same as 15m ATR
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
