The AUDNZD currency pair currently has a "Sell" rating with a total score of -5 after evaluating various factors. First, let's examine the preferences of institutional traders. The AUD has a long position percentage of 38.71%, while the NZD has a long position percentage of 43.82%. As a result, this category gets a score of -1, indicating that institutional...
On the 4-hour timeframe, the US30 is showing signs of weakness. The stochastic indicator, which measures the momentum of the price, is currently in overbought territory, indicating that the market may be due for a reversal. A reading above 80 on the stochastic indicator is typically seen as a bearish signal. Furthermore, the price has been trading below the...
NZDUSD currently has a score of -6, or a Strong Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theNZD has a long percentage of 68.75%, and we see that the USD has a long percentage of 69.73%. This category receives a 0, as institutional traders have no strongly favored asset. Taking a...
AUDNZD currently has a score of -3, or a Sell rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theAUD has a long percentage of 31.99%, and we see that the NZD has a long percentage of 55.98%. This category receives a -1, as institutional traders favor the NZD. Taking a look at AUDNZD, we...
First, let's look at what institutional traders are buying/selling. We can see that the GBP has a long percentage of 37.19%, and we see that the CHF has a long percentage of 21.63%. This category receives a 0, as institutional traders have no strongly favored asset. Taking a look at GBPCHF, we see that retail traders are 84% long, and 16% short. We consider this...
/Lately, everyone seems to have forgotten what an important company Advanced Micro Devices (NASDAQ: AMD ) is. Some traders have dumped AMD stock as if it were toxic. They appreciate the ongoing tension between the US and China. Still, investors shouldn't dismiss Advanced Micro Devices, as the chipmaker's products are still cutting edge and indispensable. The...
Even though the S&P broke the previous summer low if Monday opens higher we can expect that this was a fakeout and the double bottom pattern will come into play. The overall fundamental picture is more critical and dominant than some lines on the chart. However, still, it can be a high-risk, high-reward trade that can come into great use if we already have some...
I believe that the last retracement of the price towards the trend line on EURUSD was due to the pressure of the ECB to contain inflation recently. Certainly, there were rumors that the Russia-Ukraine conflict might be taking a turn. Considered the possibility that the Ukraine-Russia conflict would escalate, and sure enough. The best opportunity given this...
Simple technical analyzes. Trying to capture a quick swing upwards before the overall fundamental outlook comes into place.
“Cuckoo for Cocoa Puffs”: Ripple CEO Rips SEC as XRP Soars and Ripple pumps 60%. Simple TA trade where we aim for 1:4 RR on the 2HR TF.
The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as...
AUDNZD Long: The AUDNZD has been stuck, failing to break above the 1.21 - 1.31 levels. Since 2014. If we can see the price gain enough strength to break above we have a pretty clear run until 1.245. COT data is bearish, however, DXM is also very bearish. So in terms of timing, we will wait for Tuesday when we get updated COT data and see if this is a trade we can...
US30 Long: We can see the price has previously tested the psychological level of 30,000 previously on the 19th of June and was heavily rejected. Price is now heading back to this level, we can see we now have nice support and 200 MA coming up to meet this level. Due to positive U.S CPI data, we saw significant bearish pressure on U.S equities meaning we now have...
From a technical perspective, we can see that XRP already tested previous diagonal resistance, which couldn't break so we can expect it to bounce back from this zone and retest the previous lows. We also have a STRONG sale signal from the QQE indicator which tends to be accurate more than 60% of the time for this asset. With the overall fundamental news that is...
*Analysis* GBP/USD is currently testing resistance level so we are looking for short opportunities as the Dollar continues to strengthen. And just at this time, the DXY is about to spike up and serve us as an entry signal. *Trade* Possible 1:7 RR but I would suggest closing part of the position after hitting 2/3 R and moving the SL to BE Check out my other trading...
DXY is going to test the support and head for another peak upwards. It is always good to pay attention to the index as it can improve our forex trades. If everything goes as planned we can look for GBPUSD short as it is in an area of value and with the DXY and fundamentals on our side, it will be a high probability of TP trade.
Nasdaq Short idea Overall bearish trend and we have the opportunity to enter short from the area of value close to fib level with a nice entry trigger on the 1hr TF. Sell now: 12248.05 TP: 12087.42 SL: 12311.67
We are maintaining a short EUR/USD trade idea to reflect our conviction that the pair will break decisively below parity. We expect the EUR to remain under downward pressure in the near-term driven by ongoing fears over disruption to the euro-zone economy from energy supply constraints and fragmentation risks. There was some relief this week that NordStream 1 gas...