In this video update, we discuss the recent move on the DXY as we have seen the index break out of a key range between 97.50 and 96.20.
With the decline in the Bond market, it begs the question, will the USD follow suit?
Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December.
If...
In this video update, we take a look at USDJPY as overnight APPL revealed their Q1 data which showed a potential slowdown in the Chinese economy. This caused investors to move their money from risk on to risk off with JPY and Gold benefiting from the poor data. Looking at the technicals price has bounced from the support of 105.20 however the move has been...
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose
hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
I'm looking at a possible triple top on EURAUD on the 3D time frame. I do this because I'm looking for position and then to trail down on a lower time frame.
There is some weakening of the 3D time frame trend and the critical zone at the peak probably creates a greater probability for the south.
XRP is following the pattern created in 2017 I had pointed to in previous videos, and I believe we just made our low yesterday which established the line of support moving upwards. I also looked at some intrabar analysis on the 1m which will determine if this is truly a H&S pattern we're looking at, or if this is simply a flag, and price pushes upwards over the...
Looks like it could be a good buy opportunity. Looking for a good buy moment when Stochastic is oversold and/or touching the line of support. Stay tuned, let me know your thoughts!
TGOD set a new all time low this week without much followthrough and has a daily inside bar on watch. 2.52 is the resistance I'm watching on the 2hr chart as the go signal
CGC has filled the gap from the Constellation announcement, WEED has yet to do so. We're looking for a bounce on the daily and weekly chart to coincide with a bounce in the S&P500. On this bounce we will be looking for lower highs and not changing any trends
SPY has now broken the February lows and entered into a longer term downtrend, on the monthly charts. We're due for a short term bounce on the daily and weekly charts to cool off our RSI levels, and what that bounce looks like will be telling.
As the title says, I believe we'll see more short term bearish activity through the next week, with the completion of the inverse H&S to conclude in 2019. Best of luck everyone, hope you enjoy this video.
Entry - 1.3555
SL - 20 pips
TP - 1.3300
Price just hit off monthly resistence, forming a double top reversal pattern at resistence, bearish for foreseable future.
In this video update, we take a look at USDCHF and look at how the potential USD weakness could affect this market.
We expect low liquidy now until the new year so we could see this market just move sideways at the key support until the new year
or anything significant happens.
CADJPY has been sinking lower due to poor data and BoC Poloz playing down interest rate hikes.
We looked previously at a short opportunity at the minor resistance and now price has taken out the key weekly support we expect this to act as resistance
with likely targets of 80.65.
We have been looking for USD weakness for a while now due to the current situation in the Bond Market. There was risk to the upside however if the
FOMC were hawkish the USD could have spiked further. But despite them mentioning gradual rate hikes, they were focused on data and monitoring inflation which is under the current 2% targets.
This has seen the USD fall...
My overall bias is that GBPJPY will fall towards the lower levels in search of support. I am looking to see PA carry towards the 140.0 price level.
That being said, i do believe we might be starting to see a change in momentum for this pair on a more short term basis towards the upside. This should become more clearer this week, however the multiple wick...
