Oil Volatility is driving multiple markets and in this video we explain the transmission mechanism of how Oil gets through to the markets you trade.
We look through US Yields, USD/JPY and US stock market relationships with Oil and provide the correlations you need to watch to trade successfully.
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As we scope out the technical support and resistance levels for ETH/USD, we also plan the potential pathways and stronger/risker entry points we can take from a neutral perspective.
Along with some examples of confluent entry points for Long/Short positions.
Support 1: 1790
Support 2: 1720
Support 3: 1580
Resistance 1: 1890
Resistance 2: 1940
Resistance 3:...
AUD/USD has led the relief rally but with inflation remaining high can stocks resume uptrend or are we just in a bear market bounce.
We will soon find out as AUD and EUR/USD and US Stocks have all run into resistance at the normal sort of bounce levels and we have stalled now for 2 days.
If we break down lower or higher here we have to respect the markets price...
EU Oil embargo on China and record German Inflation is a toxic mix that may short circuit the DAX short squeeze.
Sellers are worried about inflation and the EU news has seen Oil push up to $118 overnight so if the market wants to worry it has more than enough reason especially if it goes higher above $120.
Targets are 1-2 day down towards 14300-14200, a new high...
Historically, BTC blasted out of trend resistance following what seems to be a strong 'Bullish Divergence' on the RSI... presently, we are seeing a similar setup!
Amidst all the negativity in the markets, if BTC were to break out here, it would most likely be a relief rally before the next leg down.
We await the Core PCE Price Index announcement at 12:30 PM...
Alibaba Group Holding Limited is expected to report earnings on 05/26/2022 before market open. Analysts are expecting Alibaba to report adjusted income of $1.07 per share, down 33% comparing with the year-ago period $1.6per share, on revenue of $29.7 billion, up 3% for its fiscal fourth quarter.
Alibaba is more than 72% off its record high set in October 2020....
It is make or break for Crypto, but it won't be determined so easy! Tune in while we take a dive into the potential routes for MTC/USD, break down the psychological reasoning behind current price action, and let the trade come to us.
Entry Level Long: Break of Trend + 50EMA at 0.685-0.69
Risker Entry Level Long: 0.62
Last Hope Entry Level Long: 0.55
Entry...
Markets have been dreadfully negative in recent weeks but we have in recent days begun a relief rally in US stocks and most FX pairs.
AUD has led higher after new election and new China friendlier party in charge. On that note china made first high level contact in 2 years.
We like AUD to rally with stocks and sentiment alone but the kicker would be if US drops...
Oil is moving higher in a $10-20 channel for the past 3 months.
The respect of the downside trendline support in the past few weeks has led to a reliable rally if we hold lows.
The similar situation on the topside with multiple rallies above 110 failing in recent weeks. The current strategy is to follow Oil from downside to topside support and resistance and...
EUR/USD has taken the brunt of the USD strength since the Ukraine War and Russian sanctions soured the economic outlook of the Eurozone.
What happens with peace? Well obviously we rally but the argument is that with the ECB acting as well we will not just bounce but fly back above EUR/USD 1.10.
Now timing this potential outcome is the issue and we could rally...
Looking for the recent 3-4 day stabilization of the crypto market to produce a larger relief rally along with risk assets like US stocks in coming days.
If this rally is sold into 2300 that would suggest downtrend is not over but the outlook for crypto now depends on how hard the government comes in and regulates the wild west crypto market post Luna crash.
But...
Big levels on Bitcoin and Eth are being downside checked right now, with the key 28k-30k levels being tested and leading the whole Crypto complex up and down whether it holds or breaks.
A little oversold like US stocks and Nasdaq in particular the markets are all moving together right now, so its likely if we have a big rally tonight in Stocks that Bitcoin will...
Huge US inflation number tonight will make or break the market which is on edge.
Widely forecast to fall for the first time this year, this fall in inflation should help stabilize US stocks as fears of runaway inflation are downplayed.
If Inflation remains hot, all bets are off for how high US interest rates and USD can rally.
easyMarkets Account on TradingView...
The big consolidation wedge from the last 12 months continues to support on the downside and so far capped topside. As we bounce here we look for key resistances levels and different scenarios.
Buy Level #1 pullback to this zone 100.538 - 101.419
Buy Level #2 R/S Flip of 102.827 and holding of 50EMA (red line)
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Zone of Major Support from 12130-12380 (Buy Zone)
Strong Bullish Divergence for the last 3 lows.
Stop losses below this zone keep safe from liquidity grabs inducing short-sellers at major support.
Strong Resistance 12780 (Alternatively if flipped should create strong support).
Further Resistance 13050
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USD is knocking on the dollar of a breakout extension of it record breaking run, we up against 104 on Dollar index which is the 2017 high and we have so far rejected a few attempts since last week.
Market could be caught a little long here if US CPI falls for the first time this year when its released Wednesday US morning. A fall should help sentiment and perhaps...
Major Support Zone above long term .618 fib retracement. Range 28800-30K buying zone.
Bullish Divergence on RSI between lows.
Heavy Band of resistance close to 0.5 fib retracement - range 34350-36500.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's...
