crawfordpaul

crawfordpaul

After a wide move down and sharp buy up. USDJPY settles near the high of its current range. While the Dollar has shown great strength, former consolidated periods have brought selling action, and I expect for more pressure to step in as we get into the week. The likely confluence for this is inflation data, with the Fed still targeting 2% and the Japanese Reserve...

crawfordpaul

Oil has already put in a massive move this year and after failing to reach my pivot point at 87.69, I expect for some exhaustion to set in after such a quick move higher. My initial target is set to the pivot at 84.61 offering a solid 2:1 with stops at the high. However this market could really find range here and preform a seasonal down-move all the way to 81.51...

crawfordpaul

While BTCUSD has shown some major gains already this year. The rally to new highs does not seem to be finished. Showing great strength and consolidation in this range, the higher lows point towards a solid re-accumulation. Furthermore, clear topside liquidity at 71527 is a great confluence for continued buying pressure, I expect the market to really suction...

crawfordpaul

After forming yesterdays highs with strength, UJ has shown some selling pressure. Ideally I’d like to see a sweep of todays high in Europes session into continued selling. This trade will likely run through the end of the week.

crawfordpaul

Gold has tested the bottom of its drive up and I expect for a second leg higher into 2050. The stop on this trade is right below its pivot point.

crawfordpaul

GJ has shown consistent weakness at this level. A promising sell initiative through the Asian open points to a push lower. I’m expecting a retest of 163.746 into a push lower to test local demand at 161.700. This trade is contingent on yesterdays intraday trend being broken.

crawfordpaul

EURUSD is setting up nicely for a reversal after former a swing high at 1.09300. After creating a poor high yesterday markets, the pair looked weak going into close. I expect for the pivot at 1.08506 to act as resistance through Asia and Europe and for a reversal to take markets down to 1.07990 or the swing low at 1.07129.

crawfordpaul

Oil failed to stay above the former range low today. After slamming into 64 a couple of weeks ago there is good chance we start to see some offers firm up around these prices. I would consider 74 premium and 59 discount as imports increase. Points of interest are marked on the chart. A big surprise on inventory numbers today also points to lower prices in the coming week

crawfordpaul

Technicals BYBIT:ETHUSD has had a very rough day. Smashing through demand at 1871 towards max pain at 1681 where shorts began to cover and the market bottomed out. Recovering 140 points off its low in 15 minutes there is clearly still demand in the market. Failure to hold 1781 through next week could spell more trouble for this market globally there has been a...

crawfordpaul

After a 9% day for COINBASE:ETHUSD it is approaching my long target, where I would like to reverse and look for shorts. Some of the key levels have changed but the thesis is still the same. Upon retesting the structural level at 3,000, I'll look for a move back below the former range highs at 2813. I expect we could find some support initially at this area....

crawfordpaul

Fundamentals- A month into 2022 we have seen a slow grind into highs for NYMEX:CL1! . This is unusual as seasonally oil trades down this time of year. In part, this can be accredited to growing demand in European markets due to tensions between Russia and Ukraine. I don't expect this demand can or has been priced in efficiently. As we head into February and...

crawfordpaul

Taking a look at BITSTAMP:ETHUSD over the past two years can paint a better picture of what to expect going into the rest of the year. Fundamentals- Crypto has been taking a hit with the US stock market. This is a result of global sentiment shifting away from growth risk with impending rate raises from the Federal Reserve and other central banks. The coupling...

crawfordpaul

Gold has been hit hard since it’s run into August of 2020 where is created its high. Now basing in the mid to low 1700’s a reversal play could be panning out (no pun intended). I wouldn’t be surprised to see one more sweep of liquidity through the value area low at 1751.4 to better support the move on the distribution zone. Gold has been a safe haven during...

crawfordpaul

PYPL has traded back down to its consolidation zone from August-October 2020. In theory the stock could re-auction in a similar zone of 174-203 as the market gets hit. However, if PYPL continues to trade lower a test of the gap up from 138 would be the next stop. PYPL has done well in expanding their business model with integration into crypto and buy now pay...

crawfordpaul

This is a set up I saw on the 1 hour time frame and after some lower timeframe analysis I realized this is an ideal entry on GJ. After missed expectations on Japanese unemployment numbers, I was expecting a retrace back above 153.550, this was not the case. GBPJPY had a sharp selloff and has stair-stepped back into an area I consider safe for a long. Something...

crawfordpaul

Once again EURAUD has respected the top side only taking out the former highs before showing weakness and beginning to roll over. This offers a great RR set up and the prevailing market sentiment suggests a recovering Dollar and a stronger bond market out of the gate this morning which perhaps suggests continued weakness in the Euro. The German Buba report will be...

crawfordpaul

Here is trade set up on EURUSD based on current US numbers. With job numbers shrinking and an increase in wages and CPI the US dollar will likely continue to suffer. Furthermore, a stalled housing market and retail participation is concerning for the economy. I expect that these domestic changes will cause some more upside momentum for EURUSD. Add the seasonality...

crawfordpaul

My downside target remains 21k on bitcoin. Here are some near term profit targets for short sided trading. My other post further breaks down my projection on Bitcoin from a more fundamental standpoint.