Canada Employment Change (Jan) -212.8K + Canada Unemployment Rate (Jan) 9.4% = Loonie Strengthens ==🤷♂️ ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with...
Waiting for the selling pressure to cool off with Gold to hop in on the bullish side. Nothing major going on Fundamentally to add heavy selling pressure aside from US Factory Orders +1.1% vs +0.7% expected For that reason, I'm expecting a bounce off support. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my...
Comments from the BOE meeting this morning 1. CPI inflation is expected to rise quite sharply towards the 2% target in the Spring. 2. Other indicators suggest that Labour market slack has remained higher than implied by the LFS rate. 3. CPI inflation is projected to be close to 2% over the second and third years of the forecast period. 4. A further increase in...
Bullish bias remains supported by the strong ascending channel. Until the weekly timeframe makes a decent lower low, I will continue to hold onto the bullish position with my end target set at $64 ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief...
Currently testing the 61.8 for a possible support area. This is illustrated on both the daily and 4hr chart. Along with the fib retracement level, we also have the mid channel pivot which could add some additional support. My idea here is to enter long considering the overall trend itself is also bullish. Tomorrow we have Canada reporting their unemployment...
Currently I'm bullish but I'll be bearish off the 1.29 handle. This morning we had fairly decent ADP figures from the US in at +174k. Typically on a monthly basis the ADP provides a leading clue as to what we might expect with the following NFP figures. My guess is that Non-Farm on Friday will come in hot and could add some strength to the greenback. I don't...
Waiting for the bullish momentum to fade to then enter on the short side. I have targets in place but trailing stops will be applied. Might get stopped out with the trail along the way to the targets. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief...
Chart illustrates the correction between USDCHF and DXY ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not...
Just a simple scalp setup off the Daily support. Several confirmations here to provide me with some rational behind my evil madness. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information...
Time to book some profit now that we're getting some topping action. Best to wait for a pullback towards the previous wedge resistance which could potentially turn support to then fire away on the long side. Doesn't get any simpler than this. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe -...
Waiting for conviction of a bottom to then enter long. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not...
Will we see Mountain #3 in 2021? Only time will tell... ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not...
Bitcoin seems to be more consistent in behavioral trends then we think. E = mc2 mc2 = mp2 (Market Consistency = Market Predictability) ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK...
Overall the trend looks strong and healthy. I would expect to see further bullish action within this rising channel until some sort of breakout happens. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK...
This week we have US and CAD both reporting their employment figures. At the time of writing this review, USDCAD has the potential to stretch in either direction. When the market presents itself like this, I'm not interested until I either have a bargain price or the likelihood is more in my favor. For now the market needs to show me something else first before I...
Earlier we had a nice little bullish breakout to the upside from the wedge formation. Now we're approaching that old level of resistance to see if it will hold up as support. With support I would expect to see another retest of the previous highs. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe...
The 1hr chart indicates a potential H&S pattern formation. Near-term bearish target is towards the old channel resistance which I suspect might turn support. ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK...
Nice gap higher this morning suggest further upside growth expectations with the DAX ------------------------- Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for...