DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, CAESARS ENTERTAINMENT CORPORATION - COMMON STOCK, GENERAL ELECTRIC COMPANY COMMON STOCK, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Plotting idea for short strategies for this pair ATM.
Risk Reversals skewing to the downside.
Personally feel the one more downside leg to come with targets at 81.00 / 79.00 / 76.7 - will need large risk event to take this to this level.
Size of down leg to be determined but have yet to determine where market sentiment will lean more heavily on... DPK or ...
Validated H&S reversal pattern forming on med trend line.
Tomorrows UK news will likely seal the deal for confirmation of bearish reversal.
If positive news then Bullish target 2.0000
Taken off NU shorts and using gains for this trade.
Potential major downside from key risk events.
Likely to hear more hawkish RBNZ since inflationary measures have been building and imported inflation likely to kick in soon.
Only dampener will be household debt that will continue to weigh on rate expectations since wage growth continues to be mute and ...
Drivers of oil and oil linked currencies will be in geopolitical risk events and North America output - not inventory data.
OPEC output cuts = Asian buyers are turning to North America for their supplies from upticks in lagging export figures and also rising dirty tanker charter rates to US diverging from their SE Asia counterparts (Singapore)
North American rigs ...
Starting to have some nice daily buy signals and bullish divergence appearing across different indicators for this pair where the Aussie has taken the worst beating + clear signs of a head & shoulders pattern forming but where neckline will complete still to be determined. 0.97xx looks to be a possible late run as the neckline.
A generic play through if H&S ...
1.05 is a strong psychological level for this pair. Will not go into the macro of both countries but the Kiwi has been overly resilient compared to it's brother the Aussie dispute a very similar exposure to China.
Will start seeing some passionate defense of the Aussie around this level albeit nothing near the parity levels.
Currently drifting at the 1.382 Fib ...
Weekly wave count is almost textbook > riding up the correctional B wave if everything carries on as they are now. If so, will be targeting .78 ~.079 within next 3 months before starting to have bearish view all else being equal. Despite a negative carry for long positions, will not have much impact in long swings.
Immediately looks like pendant / flag as per ...
May have a good short opportunity here.
While I personally am mid term bullish on the Aussie - the only thing holding it up is very strong technical structures. If there are any bulls left in the market, it will be right here and now where they will have to defend it.
Any close on the daily past the trendline will mean a quick fall as it will also be breaking:
Daily 200 EMA
Daily & 4h Fib ...
Will have to say that risk for this pair is skewed upwards from a sentiment perspective.
Market consensus is that Powell will not mention anything regarding the tariffs the White House plans to announce towards the end of the week, however due to the risk of an impeding trade war, markets will likely overact to any mention of Macro areas towards trade in the Fed ...
Have a flag forming for a consolidating pattern.
Mixed bag and this is a political news trade. Let's see how Trump handles Xi and vice versa....
Hoping for some good sparks to fly after their meeting
Political risk marring the Euro will continue until the conclusion of the the French Election. Marine Le Pen is still the most significant political risk for the Euro and recent price action would confirm that markets are more adverse to this risk than upbeat economic data releases of late.
We have the possibility of a bullish consolidation pattern forming here - ...
Will look to consolidate on daily grinding down to 1.0775 area before AUD tries for 1.10 again.
Aggressive traders hoping for a double top will pile in here but will wait for a fairly large daily candle wick / pin bar to form before I go into shorts as there are upper trend lines to consider.
Look for more signs of divergence in your indicators on daily before ...
AUD is gunning for 1.10 area basis weekly timeframe and daily structure shows upper trendlines in areas between 1.105 and 1.110. This is the area where I will start looking for shorts as shown with tentative targets.
Anticipate reduced upward momentum for a more tampered grind to 1.10 ( if it gets there ) so sitting back and keeping on my radar for near future. ...
Euro has been battered of late and overdue for a longer time frame retracement.
Potential for long targets to 1.408~
Wait for dips and half an eye on "grexit" talks
Potential inverted heads and shoulders pattern.
wait for retest 1.4663~ for 3:1 RR
Target !: Neck line 1.4830~
Target 2: sub 1.5 area - 1.4960~
Currently still long on this pair as we approach 20th January for the big Twitter loving man's big day. Having trouble digesting the election, nomination processes and 'press' releases as I try like everyone else out there, to figure out what Trump will do with regards to his policies.
If Trump is going to pivot his policies toward protectionism and balancing US ...