Overall Trend & Context: The EURUSD pair is in an overall downtrend on the higher time frames and has recently been consolidating on the lower times. Fundamental Considerations for the NFP: Consensus Forecast (High Probability) - Most analysts forecast a gain in the 169K–170K range, which lines up with recent trends. A neutral result would suggest that...
Overall Trend & Context: The OANDA:GBPUSD pair is in an overall downtrend on the higher time frames and lower time frames are in alignment. Technical Findings: Price broke below all EMA's - is now consolidating below. Keep an eye on LTF supply levels between 1.24635 - 1.24530 (within 4h supply). Bullish price action appears inherently weaker against the...
Overall Trend & Context: The pair is in an overall downtrend on the higher time frames and lower time frames. Technical Findings: Price is at strong levels of supply. HTF oversold conditions. Extreme zone is still valid. Will look for re-entries on LTF's to get a better RR of this setup. Potential Scenarios: Potential to reach new lows at 0.50600 levels.
Overall Trend & Context: The pair is in an overall downtrend on the higher time frames and we are now waiting for the lower time frames to shift in accordance with the narrative. Technical Findings: Price is at a daily level of supply (as well as refined zones down to the 15m & 5m) LTF oversold conditions. We could still see further upward movement so will...
Self explanatory, taking this position based on the overall narrative. NOTE: This is a fairly aggressive entry, LTF is bullish, so manage your risk accordingly.
As it stands we're currently holding short positions on USDJPY since last week. The current short term still suggests that this pair is bearish - We have seen lower lows and institutional manipulation to the upside as well, so we will continue holding our shorts until we see a reversal on the lower time frames. Previous Analysis: We traded down to the Daily...
Overall Trend & Context: The OANDA:USDJPY pair is in an overall downtrend on the higher time frames and has reached highly significant support/demand levels. Lower time frame has given bullish indications, we can try to capitalize on this. Technical Findings: Price broke above the 200 EMA - this can act as dynamic support so watch current levels. Demand zone...
As a trader, I'm always watching the markets, but building long-term wealth is also key. That's why I'm digging into assets like Coinbase (COIN) . While my day job is trading, Coinbase has definitely caught my eye as something portfolio-worthy for the long haul. We might have missed the IPO buzz back in 2021, but looking at where Coinbase is headed, I think...
I'll keep this short and to the point - Technical Outlook: Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown...
Technical Outlook: Looking at previous price movement, we see it's been trending up since August 2024, with the last reaccumulation phase ending in early 2024. We recently saw a demand chain, but the last push couldn't quite hit new highs. Supply then took over, driving the price back down to a daily demand level. At this point, we've seen some strong bullish...
Overall Context: The dollar's been flexing its muscles lately, and EURUSD is feeling the pressure. We saw some crazy gaps when the markets opened on Monday morning – a sign of shaky liquidity, which usually snaps back. But with the trade war rumbling on, who knows? As traders, we've got to stay prepared, expecting a correction but ready with our contingency...
Overall Trend & Context: Long-Term Uptrend: The DXY exhibits a clear uptrend from late 2023, indicating persistent USD strength. Key Levels: Resistance Zone (109.50 - 110.00): This zone has proven a challenge for the DXY to break decisively. A sustained break above this level is crucial for further upside. Support Zone (107.00 - 108.00): This zone has...
Have you noticed the parallel movements between Bitcoin (BTC) and XRP. It's a common phenomenon in the crypto market, while this is likely to be a short term move let's dive into why - Given this strong correlation, here's how a drop in Bitcoin's price can influence XRP: Direct Impact on Trading Pairs: XRP is often traded against BTC. So, if Bitcoin's value...
By combining Wyckoff and SMC principles we have a clear guide on what to expect, and what to do when it happens. Patience is the name of the game, so set your alerts and hang tight until then. - Option 2 could turn into a short term swing trade (until we reach daily demand levels)
While the US and BRICS (Brazil, Russia, India, China, and South Africa) aren’t in a formal trade war, tensions are rising. BRICS nations are working to reduce reliance on the US dollar, challenging its dominance in global trade. This “de-dollarization” effort and geopolitical shifts, like sanctions on Russia and US-China disputes, are fueling uncertainty. The USD...
Most traders recognize XRP for its role in cross-border payments, but its real strength may lie in its expanding ecosystem. As the digital asset landscape evolves, XRP’s utility is quietly stretching into new frontiers. Let’s break down some under-the-radar use cases that could shape its future. 1. DeFi on the XRPL – A Sleeper in the Making? While Ethereum...
Previous Observations: Long-term Downtrend: Confirmed downtrend from mid-2021. Major Support Breach: Below 1.2000 in late 2022. Recent Recovery Attempt: Above 1.2400, buying pressure still evident. Key Resistance Zones (1h): Current level @ 1.2450 Key Resistance Zones (4h): 1.2500-1.2600. Key Support Zones (Weekly): 1.2000 and 1.1800 - There's room to keep...
Over the past few months, the NASDAQ 100 (NAS100USD) has demonstrated a clear upward trajectory, marked by higher highs and higher lows—a classic sign of sustained bullish sentiment. However, we've seen periods of consolidation and recent volatility - let's take a look at its current technical landscape. Current Market Overview: As of January 29, 2025, the...