At first I thought it's impossible to close above November high, but NZDJPY was showing a new high should happen. Interestingly, what happened to NZDJPY applied to AUDJPY as well. This is more based on fundamental, as I am eyeing a global index drop, and also JPYBASKET seems a good buy. The weekly trend also suggests JPY is at an extremely undervalued position,...
Not surprising to see the upside this morning, and caught a decent amount of positions. 1.15 for extremely long target, not thinking about speculation at this moment.
Japanese Yen, from a technical standpoint, has a potential appreciation of 2-3%. Yen looks cheap in my opinion and opened at the .786 level. Despite the US Dollar becoming strong, I do believe the Japanese Yen would gradually appreciate due to its domestic price level pressure, and we should see some govt intervention or other traders pushing USDJPY down for a bit.
I followed the BoE meeting this morning. I'm not surprised to see officials voting for cuts already, and I believe the 2 votes for "hike" are more symbolic than actual, as the only possible option was maintaining the current rate. Technically, all the movements happened post 10, or when Chicago PMI got released. GBPUSD is more pushed by the bullish indices(which...
0.786 from the previous high is a good shorting entry in my opinion. Magnificent 7 is done with their earnings(except NVDA), so I am not seeing much stimulus from big tech. Most tech stocks are not doing well, and I am seeing some extent of selloff in 1-2 months.
For personal reference only. Aiming 1.25ish amid Fed "surprising" no rate cuts + "surprising" BoE rate cuts amid ongoing economy contraction.
Engaged shorts as shown in the chart. 4613 seems like a reasonable level for SPX500 in the short term, which I am referring to within a month. The expectation for earning and central bank moves are just too aggressive.
Here you go. Open shorts and you can walk away with bags of money, hopefully :D
As show in the chart. I am not seeing any possible upside for GBPUSD in the short term, shorting.
Simply outlined in the graph. I see no reason for the continuing bullish trend. The fiesta is about to be over, as the dot com bubble level plays a significant resistance zone. Additionally, the AI fervent is coming to its end as well. The AMD downgrade and approaching earning season will prove the bleak future.
CPI still high, and from a technical perspective I am seeing more downside coming. If 12250 holds will be the key on buying the dip or a major collapse.
12486.5, or .5 seems like a good level to open some more shorts.
As long as this does not break through 12850, I am still bearish about it. Not adding new position, and waiting for a clear signal. Leaning more bearish side.
Got back to the earlier resistance level; would like to see NQ touches the earlier resistance again, and then finish the 3rd wave of falling.
If this week ends up positive, that would mean a 6 weeks consecutive rise. Never happened in dot com or 08, so I doubt that would happen nowadays. Very possibly for another round of falling, as the bond ceiling takes focus.
Pump and dump, typical ones. Shorting begins. Looking for an extension of falling
I am still bearish overall, but seems bullish in the short term(which I mean, 1 or 2 days?). Buying some but will short more once it moves up some extent.
While NQ broke out from the .618, I am seeing weakness coming. Heavy dumping volume happening (mostly light volume during the pump in January), and I remain bearish.