Good day. We have a negative Current Account report here, including a negative Business Investment report. I have a long-term bearish move at GBPAUD, and will come into effect within the next week (hopefully). Everything's in the chart.
So you have the interest rate announcement after a few minutes, and the Fed Meetings schedules minutes after that. What a day to roll up your sleeves and start working! One of the best pairs for the day would be USDCAD alone, after hitting a major support and having a huge bounce back. USDCAD is currently diverging with USOIL and so much more to come! Stay put and...
Well..a weak week for euro fundamentals. After EURUSD 's downfall, nothing is to be expected anyways. We have a nice pair here. EURAUD broke the 45-day range. On the completion of the 4th leg, it should be overbought in a downtrend (chaaching!). It breached my Demand 1 and was about to breach Demand 2, which will be completed by the initial 5th leg. Will be fun!
Hello. Tomorrow is a big day for GBP, as we inch forward to the rate hike. Hence, the pair can go all the way down and hit the golden ratio and complete the C leg. EUR is expected to weaken as recent news suggest a hold on rate hikes and asset purchases. This will hit hard for this pair, after weeks of overbought levels. This will be fun ;)
Hello. A good day for EURUSD. We have EUR news as well as US news on board. Euro is expected to tumble as the ECB is expected to hold the rates on its decision today. US fundamentals are expected to be stronger. There are also bearish signals as indicated by the long wicks and bulls taking their profits. EU was on a 14 day high and is now tumbling down. Throwback...
Ya got the opportunity. After weekly highs, it's finally time for NU to fall. Ah....what a short it'll be. Be careful as AUS releases CPi this Wednesday, which may produce volatility in NZDUSD too. Cheers.
Just buy it already. It's dead meat. Now it's time for the pair to go complete the A leg. It was on a bullish trend before, and it was a sharp correction and now is expected to head north. It's bouncing off the 10 day support and away it goes!
Best of luck!
AUDUSD can go more down, as a H&S is developing. The MACD is already showing an imminent cross. The TEMA is providing a good resistance, along with the crucial resistance at 38.2%. This will be a good selloff, but do wait for the important US Manufacturing News today.
Best of luck!
Hope you got that. Anyways, we have a mild long here, and with the strengthening of GBP for recent data, we might still see large buys from here.
The Wolfe wave is particular, and breakout is not expected to be seen here. However, we may see a pullback as the pair is largely overbought, but they don't work in a trend do they?
Will keep you updated in the...
As plain as that, Mario Draghi owned the floor for now. Given that EU will halt it's asset purchases (and hence their rates) till summer 2019, in his speech he still lend some hopes of middle-term inflation reaching EU's goals and a stronger labor market despite the Brexit tensions.
Given the fundamentals, elite technicals,provided in the chart, suggest a good...
Well...while we are busy with EURUSD and GBPUSD shorts, this pair on the other hand looks like a golden opportunity to short. Pairs like GBPJPY have already done their job, and have further sentiments for rising action. This pair is delaying mainly because of the AUD weakness, As we inch near to the trade war on July 6th, investors will be looking forward to buy...
Like other AUD pairs, due to the recent AUD fundamentals about slow wage growth and increase in household debts, the pair is more likely to fall soon. Rising tensions from the trade war will mess up the markets, and it all will initiate with this pair. It is respecting the 100-period TEMA perfectly and it is also providing good resistance. Following my AUDCAD...
Nice title, that. Anyways, we have seen a major pullback of the AUDCAD downtrend, and now the pair is falling south. Good AO cross and a 81 day resistance test. That should be a spectacular short. Wait till it closes below the 50 day VWMA and then nothing's gonna stop this pair from falling.
Best of luck!
The week begins with the recent OPEC remarks. As reported, the supply of oil is increased to 1M barrels a day and this is music to CAD's ears. With CAD being more stronger, there are significant possibilities that the pair will go further down.
Strong technicals here. USDCAD broke the 4 and 8 day trend respectively. It tested a one year resistance and nothing...
Yum. It seems like a super sell here, after days of a large drop. The pair tested the 38.2% (idea below) 11 times and the drop was expected. The pullback from the drop was nice...and we can expect the downtrend to resume, as indicated by the 200 day VWMA.
Large volatility incoming . I expect you to hold it until signs of downtrends appear.
Best of luck.
No man. Longs allowed no more. It's over. Go home. You cannot just expect the economy to bounce up all of a sudden due to some Monetary Policy releases. Na-ah. Super selloff incoming. Gotta focus more on the support and resistance levels (pink rectangles).
Super overbought on all indicators. You kidding?
Best of luck.
Long they said. It will be fun...they said... -___-
Tested the major resistance 5 times ...and then finally broke down. It has to complete the corrective wave so after the pullback..it can go beyond 0.989
USDCHF finally broke the consolidation zone too.
Only time will tell.