RBA is around the corner which means that increased volatility and liquidity grabs are happening... Institutional management and Asset managers increased their short positions to the following 94,473 +10,120 from last week If RBA surprises expect a massive short squeeze and stop loss hunters to commence, if RBA pauses it will be dovish but expected, so the path...
Hey everyone, just sharing two possible scenarios with Eur/USD that is currently driven by market news rather than technicals as such, and due to volatility of those events, I would be very careful in placing fresh bets either direction until that subsides. However, the next day it will be scalper season so just react to the price and follow key levels!
Looking at the NFP data carefully and we can see that the US market is cooling and wage inflation is dropping, we can see that the rate hikes are compounding on the biggest world economy. Markets are always thinking 6 - 12 months ahead which means that we MOST likely expect for both Euro and GBP to strengthen over the next month. However, war in Russia, Tensions...
I have been watching cable for the past couple of days and made a lot of $ on the down move. Now the pair is slowly retracing to the area of interest 1.38 - 1.385 where I am most likely going to see strong selling pressure again. What are your thoughts on this pair?
Looks like our good old dollar is on the rise and since FED are unwilling to do anything about rising yields, we have a bearish week for the cable. Also vaccine pressure and delays will cause the market to go risk off. The pair closed below a very important level 1.39 which will signal the drop to 1.38 or maybe even 1.36 if the yields reach important 1.9%...
As we can see from the chart, EUR is garnering bearish momentum. From COT reports there has been a significant drop in net long positions due to fears of price asset bubble and general dollar strength. The pair is now heavily oversold across all timeframes, so a pullback is inevitable. I will be monitoring 1.20 area for a selling opportunity. You can buy into...
Been following this pair for the last month, very strong bullish rally, now following a pullback + ranging. However, the Aussie usually ignores data apart from major news from central banks. Most of the movement from the market risk on mood, and rising stocks. This pair might turn into a range pair for the next month or there will be another bullish impulse to...
I have been watching EURUSD pair for the last 24 hours, the pair tried to break the 1.20400 area, failed multiple times and it's now building a potential support base. COT base, plus still weak dollar and we have a potential build up for the next run at 1.235 area. I have personally entered this pair at 1% risk. Keep it simple. What are your thoughts on this pair?
Looking at the Charts + RSI + Technical Analysis + what's happening in Europe with politics + massive trim down in Long positions, and we expect a bigger pullback yet to happen from the Euro. DXY closed above a psychological level of 91, so be prepared for USD to grow this week too before resumption of the downtrend. Now, we can see two potential outcomes,...
Cable has been very interesting, after failing to hold the crucial 1.37 it is slowly going into meltdown, from a technical stand point bears took control and are fully engaged. Now will the dollar rally be short lived, or will the American Economy bounce back truly from the slump they have been over the last couple of months... My prediction that the cable will...
Here you have a perfect example of consolidation phase. The pair is uncertain yet whether it wants to test the 1.21 psychological mark or instead gun towards the 1.22 area. We would naturally think that impeaching trump would make the dollar plummet however riots and protests will form for sure 100% making the market risk off for the couple of days until the...
Gold is looking to go up in today's Asia session. The stimulus to the stimulus is going to be talked about and most likely passed which will sky rocket all precious metals and dump on USD, so expect dollar to be very weak, unless there will be stalling in the senate etc. Gold is nicely rejecting multiple retracements on Fibonacci, which is showing promise....
Here we have my number 1 pair which I trade daily. As you can see the pair is still in an uptrend and it is not going anywhere, but the power of the trend is slowly diminishing as per COT report. I will most likely see one more rally to the highlighted area where there is a huge resistance point and the pound will sell off in line with GDP reports for Q4 and Q1...
Global vaccinations started to happen as of Friday, which is amazing news. Oxford released a statement that their vaccine will be used from the 4th January to combat the new strain of coronavirus. USA is falling apart as Trump refused to sign COVID relief package and now millions of Americans who are unemployed will have no support* * this may strengthen US...
We are right on the verge of a massive breakthrough for GBPUSD pair, currently the pair is in consolidation mode, patiently waiting for the grand news of a upcoming deal! However, the UK has shown multiple times that they can step away from the negotiations at any point and hence why bulls are very cautious but optimistic. The market is currently in risk on...
Seeing this week COT results + Stimulus news and US government threatening to shut down if Americans do not receive a support package + Brexit talk extension or no deal + China's festive season and gold rush = recipe for a massive bull run before Christmas! Now will forex and especially Gold things can definitely change drastically over the next couple of days,...
Looking at DXY, plus looking at forecasted data for CHF there will be a nice rebound for USD/CHF pair. We can already see a really nice rejection on the 1 hour candle and 4 hour candle. pay close attention to this pair. I have entered this trade on Friday, and have got a tight SL just incase it continues to drop lower, though highly doubtful. Due to Risk off...
As you can see from my analysis the Kiwi has hit a roadblock, a quite major one. The trend is losing momentum and we will a rapid sell off shortly. Due to uncertainty, US getting pillaged by the virus once again and Vaccines not presenting real life applications especially the Pftzer one where you have to chill it at -70c for transportation and has short shelf...