OmiFX8

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OmiFX8

This week's analysis is dedicated to: Why Friday's BOJ rate decision is more than Wednesday's Fed? Dollar index's failed breakdown. Should we buy U.S. dollar? Best pair to play potential risk aversion. Nasdaq's chart analysis.

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Silver's monthly and weekly chart shows the path of least resistance is to the higher side. Watch out for the golden cross on the weekly chart!

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The week's market update includes discussion on: Catalysts for DXY's sell-off. DXY's descending triangle breakdown. U.S. 10-yr yield's failed breakout + ascending channel breakdown. Gold's cautious rise and what it means for the market. When to be bullish on DXY and USD/JPY

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OmiFX8

Welcome to the latest market analysis video dedicated to: DAX's bearish structure and sell on rise trade. German and US bond yield curves signal de-inversions ahead, calls for caution for those "long risk." Did Friday's nonfarm payrolls report signal stagflation ahead? Key data to watch out for: US CPI and China's PPI. Technical set up in the dollar index....

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Bank Nifty formed a Doji candle on Tuesday, signaling indecision among buyers and sellers at record highs. The candlestick has neutralised the immediate bullish outlook, though momentum studies are biased bullish and calls for caution on the part of the bulls, especially if Wednesday's candle closes below Tuesday's low of 45,000. That would confirm a bearish Doji...

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The dollar index's quarterly chart is the most important as we heading into the second half of 2022. Contrary to the popular belief, the quarterly chart suggests the DXY may bounce strongly in the coming six months, putting downward pressure on zero-yielding assets like gold. Also watch out for a potential breakout in the U.S. 10-year Treasury yield and the...

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Watch out for the confirmation of the breakdown on daily closing basis. That would imply a continuation of the broader downtrend.

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The daily chart shows the stock has carved out a falling wedge, a pattern known to power fresh bull runs. Good to buy the breakout!

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The daily chart shows the 100- and 200-day MAs are one track to cross bullish. This one is special considering the bear cross of two confirmed in June marked a price bottom. A bull cross after a failed bear cross often brings solid gains. The stock has carved out a bull flag on the monthly chart.

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Mindtree looks south after facing rejection at the 61.8% Fibonacci Fib resistance fan. MACD is about to flash a fresh sell signal. RSI below 50, looks south The share price could slide to trendline connecting May 26 and July 14 lows... But avoid being tooo ambitious on the downside as the ascending 100-week SMA is located at 3,156 and ahead of the trendliine...

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Good to sell as the stock has turned lower from the Fib speed resistance. The EMA ribbon as contracted in a sign of warning bullish momentum. The daily chart RSI has dropped under 50 and points lower. The MACD is about to produce a bearish crossover. So, odds appear stacked in favor of a drop to 4260. I would go long only above 4820.

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The weekly chart shows the stock is moving in a contracting triangle. If you extend the lower end of the triangle on the left side, we can see that the extended trendline marks swing highs registered during the bull run of 2014-2015. That makes the lower end of the triangle all the more important. So, potential breakdown could bring sharp losses.

OmiFX8 Updated 

Bitcoin's monthly log-scaled chart shows: Acceptance under the 50-month simple moving average after July's temporary move above the said level. Bitcoin never settled below the 50-month SMA during the previous bear cycles. The 5-month SMA is about to cross under the 50-month SMA, the first bear cross between the two on record. The trendline from 2August...

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That the Ethereum merge is bullish for ETH is generally accepted by now. From TA perspective, I would go long if the EMA ribbon flips bullish. We recently had a sell signal that didn't work. A failed bearish signal on the EMA ribbon momentum indicator at the depth of the bear market is a strong buy signal. Traders tolerant to risk can go long now with target...

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USD/JPY's three-month chart shows inverse head-and-shoulders breakout. The pair has taken two decades to form the bullish pattern and the breakout has opened upside toward 175 – target as per the measured height method. Purely on the basis of the TA, the bullish outlook would be invalidated if the pair drops below the neckline, currently around 127.

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Buy GBP/USD @ cmp of 1.1763 target 1.20-1.21 stops below 1.16 Reason: The UK-US 02year bond yield spread has jumped by 100 basis points since Aug. 8, while GBPUSD has continued to fall. In my opinion, Pound will catch up with the recent bounce in the yield spread. Besides, there is chatter than UK will have to raise interest rates above 4% to combat inflation....

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Stars seem to have aligned in favour of the sellers. The daily chart shows: Head -and-shoulders pattern in progress. The right shoulder's descend about to start with neckline positioned at Rs. 185. The MACD is crossing bearish The monthly chart shows: A bear cross between 5- and 10-month MAs. The stock recently failed to keep gains above both averages,...

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Bitcoin's three-day chart shows: Bitcoin has dived out of the corrective ascending channel with a strong red candle. The MACD shows lows of upward momentum The RSI shows failed downtrend breakout. Sell @21,210 target $16K Stops above $24,000 Fed fears have returned to the market. Most advanced nation central banks are now toying with the idea of raising rates...