JPY – Price has created a lower low on the Daily Timeframe, which has broken the daily Uptrend theoretically, however, still needs to be confirmed.
Price is at a turning point, currently – Price has broken the trend however we need further confirmation which we will be able to see via the interaction with the monthly pivot point. Rejection from this area will...
GBPUSD – SHORT
GBP turns Seasonally Bearish around the start of May. Cot Also suggests that Commercials are also looking to take price lower with the 36M index at 1%.
Price now is in a range, between 1.40 and 1.38. I will be looking for conviction away from this Range from sellers to follow the seasonal move lower or a failed push higher and to see a reversal...
EURUSD –
Seasonally Bearish at the start of May.
Price now looks to have created a weekly Lower High – this will be confirmed by next week’s trading if we do go short.
On our lower timeframes we are starting to see a confirmed downtrend with 2 cycles giving us a lower low and lower High price formation. Our lower time frame gives us an early indication of...
SP500 – We can see price is fast approaching the Monthly R2 and my first target which is 4150.
We are starting to see buyers exit and sellers enter the market. – my next enter Long will be around the 4000 level, a level of interaction between buyers and sellers.
Remains within a long-term rising wedge, which is a bearish pattern and typically an ending pattern...
Apple(NAS100) - As the Nasdaq increases in price following it's seasonal chart, this will help move apple higher.
Price action wise, on the Daily timeframe we can start to see we've now created a Higher Low; which as broken the downtrend and on our lower timeframes, the 4hr we are now creating a head and shoulders pattern which is showing sellers are running out...
SP500 – price is now above the 3960 level a key level for me to be Long above However I will need to see further Bullish Momentum; looking for a cycle above to ‘confirm’ buying as we have seen what price has done at this level before – However can intraday trade the strength as it may move higher.
Fundamentally, we are seasonally bullish this period - The...
Price action wise.
Weekly Timeframe- we can see we're now coming out of the Weekly uptrend phase 2 with buying returning last week.
Daily Timeframe - Price is currently around the level of 127.00 and as it stand price is failing to create a lower Low. if price continues higher and breaks 127.00 it will not only break formation which can indicate the higher...
I spoke about NAS100 Having a slight re-tracement last week as the market approaches a seasonal low, 12720 was a level of interest previously from both buyers and sellers so it was an area where price could have bounced off of as price rejected the monthly Pivot point and has done.
we are now seeing price move higher from this level and Seasonally The NAS100 and...
NAS100 –
I have got two plans for the Nasdaq:
Plan A – Price hits the Monthly Pivot point and price go lower into one of these interaction levels. Seasonally price does make a low before the Rally so we may see this happen in price.
Plan B – Price cycles above the monthly pivot and continues higher in-line with the seasonal rally.
Both scenarios I am Bullish...
USD dollar index
Price action - On the higher timeframe, Dollar is in a weekly downtrend. Price is now in a weekly phase 2 – which means we should be seeing buying, and potential weeks of it.
Currently price has had back-to-back days of buying and is now approaching a daily 200 moving average and a monthly R2 pivot level which may trigger the pull phase on the...
Price action – I have marked out a few key levels relative to where price currently is to highlight the area where price has reach for the first time in 3 Years.
In 2018, we have seen price action get above these levels however buyers fail to continue higher. The Stochastic around these levels were showing that price was in the overbought region.
Looking at...
