Michielfourie89

Michielfourie89

As we head closer to the yearly candle close, it's important to note the following, USD should weaken over the very long term, EURUSD contact a yearly demand area at 0.95951, in 2023 we could expect headlines of Recession which should cause a panic in retail investors. I would like to see a close below 1.06060 on EURUSD. a retest of 1.0606 next year will be a...

Michielfourie89

looking at Bitcoin here, and it really does look like a market to stay away from, its in the middle of nowhere here on the monthly chart. its very likely we could see price drop to between 3850-9219.13 before we see any sign of reversal. My personal view is its going to $0.00. There is no risk appetite for investors at the moment,with the fed stopping the easy...

Michielfourie89

Waiting for H4 Supply to be taken out before getting long USD pairs. My bet is the first week of January we will see new money coming into the market. On a weekly chart Sell Stops has been hit therefore loads of liquidity has been trapped. Big risk off coming in markets

Michielfourie89 Updated 

price has hit a trendline and also contacted Daily/ Weekly Supply area. lest wait for break of structure and Cot data, a hot CPI on the 14th of December will make this a very big sell

Michielfourie89

The fed has made it clear they will continue to hike rates, and keep them there for longer, The Theme for 2023 is US Recession, the terminal rate is now closer to 6%. The Santa rally have made a top and this sets up 2023 for a big year. If currencies can take out the Covid Low nothing stops stocks from doing the same. the next stop for me is 2800 and lower. its...

Michielfourie89

2nd entry has been activated, USD has been very weak to due Seasonality and FED comments. hope to see a bounce here

Michielfourie89

Seel Side liquidity has been taken, NFP great number, Fed still has more work todo

Michielfourie89

On the Daily chart we now have our first impulse that left behind a FVG, Tomorrow is NFP and the 14th of December its CPI. a good read on NFP could be the fuel this even more, a higher CPI read could really fuel this to the upside. Rates in the US will go higher, a 0.50 % hike or 0.75% hike doesn't matter its going higher.

Michielfourie89 Updated 

USDZAR Price is currently at a key institutional level @ R17.00 Price aligns with a weekly Bullish order block and also on the 61.85 retracement that put the price at a discount, Wont be surprized that we start seeing accumulation of longs here. To target R19.33

Michielfourie89

EURUSD has been hammered in 2022, the fed will have a more dovish tone towards the end of the year. Seasonality is driving a Dollar rest at the moment. The last COT report showed a slight long bias on the EUR With no new long being added on the USD. Looking for USD to push down into the Daily OB (Bullish) which aligns into a discount zone for the bulls to push...

Michielfourie89

Analysis market is trending down, Weekly and monthly demand is in play in the short term