SteveNixon

SteveNixon Updated 

Technical Since the beginning of 2021 Dxy has been running flat in a range between a low of 89.2 and a high of 93.4. As indicated on the chart the latest long move seems to have formed an ending diagonal backed up by divergence on the MACD. Structures like this will often result in a minimum 50% retracement of the initial move. Like all technical analysis you...

SteveNixon Updated 

I suspect we'll see a continuation of the Risk Off sentiment that infected the markets at the end of last week. If so then we'll probably see a strengthening of the Dollar before pushing short as we hear more about the US stimulus package. That means in this chart short then long as indicated by the green arrows. I see the draw down as a long trade set up. On the...

SteveNixon Updated 

I've been busy training people so this is my first post for nearly a year so I hope it's useful to you. Since the rush to safety back in March I've been successfully trading the CADCHF pair long. It's been a long slow process but it's been conducive to getting in and out. I think the pre pandemic level are reachable especially just before the crash most people...

10:37

SteveNixon

Markets continuing long and safe havens short. Dollar, Yen and Swiss Franc dropping. Gold it's holding up.

10:49

SteveNixon

Looking for consolidation in the markets with the possibility of another correction. Dollar is trending short and will continue to do so unless we get a market correction. US China relationship in focus (Hong Kong) and potential for second wave Covid 19 Please remember to share, like or follow if you find this useful. Steve Nixon

13:10

SteveNixon

Looks like a risk off day in the markets which may give us long entry opportunities next week. The dollar may be breaking out of it's horizontal range so any bearish correction on Dxy could offer up short trade opportunities on the majors next week (short dollar so make sure you trade in the right direction)

10:59

SteveNixon

Markets continuing to push up - US legislating for more trade sanctions on China, let's see how that works out.

09:53

SteveNixon

Risk on seems to be continuing despite tensions between US and China over Hong Kong. The gradual lifting of lock down in Europe and US as well as stimulus packages from Japan and EU are all pushing markets long and safe havens short.

10:10

SteveNixon

Risk on day - markets are moving long on optimism of the lock down ending in Europe and USA - as a result the safe haven currencies are continuing to give up the value gained over the pandemic. Look at Eur/Jpy to see this in action today

11:54

SteveNixon Updated 

After yesterdays impulsive moves up on the markets and short on Safe havens today I'll be looking for corrections of those moves.

09:19

SteveNixon

Mixed messages from Powell first sending the markets one way and then another. Keep an eye on oil tomorrow as future contracts expire. last month resulted in negative $40 per barrel. I'm not expecting that to happen again but it would not be a good time for a gamble on oil.

11:16

SteveNixon

Watching to see if today's push up in the stock markets is going to continue or as I suspect is it going to fall again. Safe haven currencies and commodities should be traded accordingly i.e. IF the markets fall THEN go long save havens jpy, chf, dollar gold , silver Yesterdays recording didn't process correctly, if these problems persist on trading view I...

11:10

SteveNixon

As predicted markets moved short yesterday and safe havens (jpy, chf) moved long. So what about today? Are markets going to continue to fall?

13:08

SteveNixon

Stock markets are possibly setting up for another push down. If that happens we will probably see a strengthening of the safe havens such as JPY CHF and possibly the Dollar. There are several currency trades I fancy which would end up in the wrong direction if that happens so I'm holding off on them today. Defensive day.

10:53

SteveNixon

Trade disputes between US China and Australia China may provide some opportunities over the coming days. Keep an eye on the Stock markets for any sign of a draw down. Dollar will keep it's current safe haven level until the world starts to get out of lock down. After that we'll see the Dollar drop.

11:49

SteveNixon

Euro dropped this morning on the new that a German court partly dismisses ECB QE case. The Markets have been pushing long after Mondays drop, let's see if it's a continuation move or part of a bearish move.

12:16

SteveNixon

Keeping an eye on world stock markets for further drops - short opportunities. As a result I'm being cautious about shorting safe haven currencies. Yen, Dollar, Swissy.

15:04

SteveNixon

May Day in Europe so thing will be slow until New York Opens - Yesterday we have a draw down in all the stock markets as predicted now we have to see if that will continue into next week. Dxy eased yesterday on ECB stimulus but I doubt it will last