Market update FX, SPX, Crypto 8th of AprilHello hello everyone,
Long time no see. Its been a while since i've been doing updates but its good to be back again.
We have some very interesting plays that we are ready for. Let's start with a few
1. #EURUSD - been in a very long range on the daily and what really caught my eye is the formation of a potential quasimodo pattern and a breakout to the upside. From a seasonality point of view April is a weak month for the #USD and it can be already spotted in the chart and my bet is of a weak CPI on Wednesday.
2. #GBPUSD - same as EURUSD but it looks a bit more bullish and explosive
3.#AUDUSD - broke a multi year trendline and now i think it is ready to send aggressive on the top side. We might get very quick to the 2023 high
4.#USDJPY - this one looks like a banger of a trade and i am ready to pull out the big guns for a whooping 40-48R trade yes, you read that correctly and probably retire if it goes my way :))
5. #SPX - bullish until fed starts to cut
6. #BTC & Crypto - good spot to be in general. It was very much fun to trade this period crypto, more than it was in FX but i think FX will get back to fun very soon.
Now its a game of chess and who cuts faster. But in my humble opinion i think once the Fed start to cut. Its gonna be game over for the dollar
