Congestion should be due to the expectation of major market movers. If we do not have clear breakout signals with NFP, it is recommended to wait for the day of Tuesday, November 8, the US presidential election.
So there's a reasonable expectation for the EURUSD to correct after the huge rise seen these days. There are several old zones (suports and resistances) that could work, yet the H4 could prove evidence otherwise. Fundamental factors do in fact point to EURUSD not getting back to the pre-draghi levels in my opinion, but it rather depends on the NFP data tomorrow...
We are out of the short in USDMXN for a combined profit of 2% in 2 days. We can flip long here, with a wide stop speculating on a turn after retesting the weekly uptrend mode. Maybe this suggests 'Trump odds' increase in the polls soon? Good luck, Ivan Labrie.
Even the losers get lucky some time so set those stops
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
The Dollar is nearing a medium-term top as a wave B of (4). While we may have already reached the top, I would still expect one last move up with the DXY peaking just under the 100 mark around 99.7. This would fit well with the length of wave c being equal to wave a. Once a top is confirmed, the price movement should resume the downtrend to complete the...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
Presidential Election - Trump wins - MXN more sensitive than USD, Yen to pick up the risk-off shift: 1. Positioning for a trump win is much more interesting than a hilary win but nonetheless both should be profitable at some level. My number 1 position will be SHORT MXNJPY for a number of reasons 1) MXN has been very sensitive to the USD election given trade...
Presidential Election - Trump wins - MXN more sensitive than USD, Yen to pick up the risk-off shift: 1. Positioning for a trump win is much more interesting than a hilary win but nonetheless both should be profitable at some level. My number 1 position will be SHORT MXNJPY for a number of reasons 1) MXN has been very sensitive to the USD election given trade...
We can take a long Peso position here, risking a drop below October 11th's low here (in the USDMXN chart, it would be Oct. 11th's high, 19, give or take). The market is favoring Hillary Clinton's odds to win the election, thus propelling MXN up. For now, that's what it seems to be happening. A rally from here and a solid daily LOW above -17.8395 (under 18.8087 in...
massive massive downside target if should 212.34 gets broken today, and the next support at 211.9 range.
The Mexican peso has remained volatile due to numerous factors, including the price of crude oil, prospects of the Brexit and, more interestingly, the potential of a Donald Trump presidency in the U.S. The USDMXN had been on a steady bullish trend, and the peso's dramatic nine percent decline going into the first U.S. debate on September 26 was largely in part to...
We are back to 19.0000 levels, something to see next week if it holds its a good entry point to go long.
Breaking Monthly TL in late 2014 we still have not seen a technical retest. a break of range to the downside would see the index reaching the 80 handle
According to game theory the following is the only option available to Hillary Clinton should she still wish to pursue White House bid. Currently as it stands Trump is projected to win. Clinton has all but one option: Step aside as VEEP and let Tim Kaine run as the president on a united front message. You welcome Hilary, that is your only option short of Donald...
The First Presidential Debate is looking more and more like it will decide this upcoming election, and If Hillary wins the debate, gun sales will surge due to peoples' fear that she will continue the Democratic gun control rhetoric and possibly policies of her predecessor.
The plan to play the SPY is to buy this Wave 4 dip in the 173-170 range. I do not want to be in this trade if we start breaking the 165 level so I have set my stop below that. I think nearing the presidential elections takes us lower and markets get real choppy during this time so my entry will be planned and timed very well during this time. Once a president is...