Struggling dollar going into a senior citizens election. Wants to test 93.24 and may possibly rebound to attempt a 94 bullish impulse but shall inevitably fall to 92.60. (can possibly fall lower to SUB 92) Early 4th qtr test
Struggling dollar vs safe haven. Gold standard to come **May test 1898.3* if test 1895 then blown trade. (can consolidate at 1920 to gain fuel for rocket) Early 4th qtr test
Struggling dollar vs pumping yen. **May test 105.8** if test 106 then blown trade. Early 4th qtr test
So The Take Profit Was HIT! Right from here onwards, on the hourly support in the past price has bounced back off to atleast 1700. So lets wait for the new hourly candle and see where this one takes us. If it resists then GO LONG. If it breaks then GO SHORT. It's a simple equation.
SHORT ON A RETRACE TO BROKEN PAST SUPPORT NOW TURNED RESISTANCE. TARGET IS UPTRENDLINE SUPPORT.
In today's #marketinsights video recording I analyse #GBPUSD and #USDCHF #GBPUSD moves on: - BoJo plan optimism on Commons - BoJo plan falling flat on Good Friday agreement threat - BoJo plan creates new borders, still seen as backstop #USDCHF looking bearish on: - Weak ISM NMI - Increased chances of rate cuts - HIgher fears of recession All eyes on NFP today!...
Point of this idea is future reference! Candles - DXY Yellow - Bitcoin Blue - SPX Comparing cycles of BTC with regards to the dollar and stock market. For a booming iconomic cycle we need: 1. Access of money 2. Access of optimism 3. Low risk tolerance At end of 2017 we had SPX at ATH , tanking dollar , optimism in the markets and willingness to invest in risky...
We have NFP tomorrow. GU is approaching key support zone of 1.315 I am seeing weakness in usd for NFP tomorrow. Disclaimer : This analysis does not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to...
FX:EURUSD could be starting the c-wave very soon. I will be looking for a short entry signal. There is also a nice head and shoulder pattern forming. Which can be used as possible entry point. Long term I think the FX:EURUSD will go up, because of weaking TVC:DXY
CUUUSD: Copper, like gold, looks like it will get saved here by a technical back-flip, courtesy of the Dollar. It should rally to 2685 where it's probably going then to be a good short again.
We are now expecting the last move downwards to the trendline for USDCAD .