Potential short-term short on the USD/ZAR. On a daily chart the ribbons seem in parallel indicating that the current down trend is maintaining its momentum. 1st potential target 17.67891, 2nd potential target 17.61881
With EU Inlfation coming in at 6.9% and possible signs of MA ribbons contraction on a 4 hour chart, potential short term trade on the EUR/GBP, 1st potential target 0.87768
With banking concerns waning slightly for now, and though the single currency may end the session on a red, there is still potential for a long position in a short/medium term, 1st potential target 1.09200.
Potential long opportunity on the S&P500 on the short term as currently holding above a trend line on a daily. 1st potential target 4013.55, followed by 2nd potential target of 4017.11
With recent developments of Binance being sued by the US CFTC, there a is potential move on the downside for the Crypto king. As well as that on a daily chart there might be signs of contraction with the MA ribbons indicating a potential change to the downside. First potential target $25800
Euro looks like it is running slightly out of steam due to continuing banking crisis concerns. With Deutsche Bank's share price crashing on Friday, the concern is real, however, DB shows no signs for now of being in real trouble. Though I potentially think the EURO looks like it may start to slip more into the hands of the bears in the medium term, there is still...
In light of the FED delivering smaller rate hikes and concerns of banking turmoil and MA's showing potential contraction, possible short on a medium term trade. 1st potential target 129.49, 2nd potential target 127.35.
In light of the Fed interest rate decision today, looking at a potential long. Using Fib retracements, potential key support $1964.19, 1st potential target 1964.29, 2nd potential target 1991.92
