I'm not even going to put arrows because in all likelihood the ES is going to slam up even further, nonetheless, the channel is pretty clear and we're making new highs and levels on the ES which is always great. In light of the splits coming Monday, the market will almost definitely be up. From autists on Tesla to any of the tech companies the ES is already...
Overall very bullish next week, however expecting somewhat of a bear takeover in the market to retest the previous level and then likely see price resurge either in the day or throughout the week surpassing our last high. The channel has been pretty strong for the past few weeks so seeing it break would surprise me I think it's definitely more likely we see some...
Week of 2/24/20
Focusing on EUR/USD and USD/JPY overall this week but will be watching all currencies that have opportunities.
Pre-Market News - NZD Retail Sales, China retail and industrial production, should hold heavy weight on Mon
2/24 - 4am German IFO, could have impact. 11:30am US bill auctions, likely no effect
2/25- 2am German GDP. US has a multitude...
We're seeing the market range right now in between some resistance and fib levels. RSI is neither overbought nor oversold but considering how DXY and similar indicators of the U.S. dollar are doing I would at least expect the market to rise to either the trend line, resistance level, and or significant fib levels. Afterwards be looking for what could be a reversal...
We're seeing what looks like the beginning of a new downtrend for EUR/USD. However, RSI and other similar indicators such as the Stochastic show an increasingly oversold market. Not only that but price is currently at a strong resistance level. Personally I would say price undoubtedly has to rally back up for what could be an easily profitable buy. However, my...
From my interpretation of USD/JPY every November-January displays the dollar kneeling to the yen, and once again I would expect it this December. From a fundamental perspective, Japan's economy largely relies on exports and with the holidays coming around with gifts and Jimmy's new transformer toy Japan's economy booms while the U.S. economy consumes. The graph is...
RSI is oversold in two major timeframes(D & 4H). We're seeing an increasingly ranging market as we approach a very strong resistance level in the near future. However, the market has a strong bearish trend which I would expect to at least reach the resistance level. We're also seeing some divergences on the 4H which could imply the bears weakening. Go in now for a...
