Here we go over last weeks video as well as some set ups we are watching in the coming week!
- P/E : @39.73 Tops land " Usually bottom of crashes not tops" - SPX's Dividend Yield: @ 1.49 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " a bit lower " - Insiders: 113 Sell, 43 Buy. Selling is down from 179, nothing of significant here. " Both look come" - Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)...
The US dollar has upside in the last month however we are reaching a major weekly resistance at 92.9 level this level will be quite interesting to watch and my result in massive gains for Dollar pairs at the moment DXY is struggling to pass it. will see what the market decides hit the like button if you agree and comment below your questions. note: this is...
EURUSD has consolidated for the past 2 weeks amid a strengthening dollar. Throughout the consolidation, constant rejections near 1.20 psychological level were seen even as the lows were getting higher. It then led to stronger selling pressure in the last 2 trading days and the low was finally lower this time. A bearish flag was then formed as a result and we...
The dollar fell into a consolidation after hitting at 4-month high at 92.5. However, it was able to find constant support at the demand zone at around 91.4 amid a rising treasury yield which sparks demand for safe-haven assets. Last week, the Fed has reiterated its commitment to keep interest rate low for a prolonged period of time until employment market and...
The dollar pulled back from a 3-month high and found support at neckline 91.44 after erasing the week's gain. The dollar was under pressure as the US bond yield rally halted. However, the pullback was shallow and it soon returned to 1.6% and a little breakthrough took place before the market closed. Therefore, the dollar may continue to climb on technical...
Monthly is in downtrend. Weekly price is reacting at key level. Daily shows a weak rejection sign.
Confluence: 1. Weekly Chart Trendline breakout. 2. Price is trending bearish with lower highs and new Lows being created. 3: Key low has been broken in the region of 1787 and 1765. Entry: We will be waiting for a lower high to get formed before looking for any entries on Gold. We are expecting some dollar weakness into the start of this week. With that being...
$REEF/USDT is bouncing on it's support and has the potential to moon in march. Be prepared for the rocket to moon and don't get left behind
If we just based on this technical chart, I think we do have a case of a very overbought stock market. Dow Jones was seen rejected at the peak of a 3-year expanding triangle and, at the same time, the peak of a 12-month rising wedge. This phenomenon is very similar to last year's mid-February where the market peaked technically and plunged amid the coronavirus...
The gold has extended its fall on rising yields which has continued to strengthen the dollar. Interestingly, the gold has also reached and found support at the bottom of a 6-month falling channel. The major correction has now reached the 61.8% of the Fibonacci level while indicators are showing strong signs of oversold. However, the current bearish momentum,...
It was just as forecast last week that EURUSD continued to drop further. While the bearish momentum seems strong (and definitely sellable in the short-term), it will face very strong demand in this coming week. The first thing we should always bear in mind is that EURUSD already has a strong reversal signal since it broke above a 12-year falling trendline (as...
In coming months Puts will be bought, with "Golden Cross" on PC. wish you all the best.
Since EURUSD has ended the final Elliott wave, it has been moving sideways simply because it's in the process of a major correction. By now, it seems clear that an ABC correction is in the process and we are probably in the BC section since the price has broken below a rising channel which consists of 2 bullish waves. This week, we will wait for an upward...
About 2 months have passed since the dollar reaches the lowest at 89.2. Since then, we have seen the dollar making a significant rebound and the recent downtrend was breakaway after last Friday's strong bull. In fact, the dollar hasn't pulled back enough for another wave of bear strong enough to take over the market trend again. We expect the dollar to continue...
GBPUSD is about to face very strong support at the 1.39 demand zone. This is strong support made up of the middle band, the bottom of a rising channel, and a rising trendline of the KD indicator. We expect some significant rebound to occur as it pierce deeper into the demand zone at about 1.3850. However, the plunge from last week was caused by strong rejection...
1/ No auto-candle found, still MW in control 2/P/E 38.42 and rising, rare seen with our a crash 3/ Dividend Yield 1.54 VS. US10Y 1.36 !!! 4/ Daily Deviation 14% = 64 Single Pullback 5/ Weekly Deviation 33.5% = 76 Single Pullback 6/PC, we've had lower # 2009/2010/2007 . 7/ Vix still in our study's Green zone. 8/VWAP ,no man's land. 9/ Stock...
EURUSD went down and made a complete comeback in the last 2 trading days. The price managed to close above the middle of the Bollinger band which breath life to the bull. This week, we expect EURUSD to either range or climb further into the supply zone at 1.2250. If the price pulls back at first, we can expect a pullback towards 1.2090 to buy again.