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Alldynpipking

USD vs XXX all depends on Investor's RORO sentiment (USDCAD )(Chart contains more detail) Long Bias: If price action remains above this counter-trend level, I am looking for the market to push up to the highlighted area and potentially higher to confirm the protected High. Short Bias: If the dollar fails to maintain bullish momentum and the Strong bearish momentum that the engulfing candlestick showed, expect price action to fall to the bullish trend continuation level and then make a decision.
by alldyn_pip_king
EURUSD, At home fundamentals still show strong bearish momentum(Chart contains more information) Unlike the other pairings against the dollar, I see too much weakness here against the dollar, and I believe that has more to do with the economic (fundamental) issues that are facing the EURO and EURO block countries. There is a lot of price action exhaustion to go north, and even if the dollar shows weakness, I don't think that the EURO will be in a position of strength, so we will be seeing possibly a weakness vs weakness situation.
by alldyn_pip_king
GBPUSD in the same boat as the EUR but much weaker(chart contains more information) I think we are in the same situation here with the Pound Sterling as we are with the EURO. The country didn't recover well from the pandemic and then inflation due to the ground situations caused by the pandemic shutdown. Unlike the EURO, the GBP is showing more weakness than what we see there. Historic price lows seen here, as we have with the EURO vs the USD. There will have to be a lot of optimism to push this up north. Right now, I agree with the bearish bias.
Short
by alldyn_pip_king
USDJPY (RORO) Market Sentiment still driving ALL Markets(Chart contains more information) What can you say here? It is Safe-Haven Asset Vs. Safe-Haven Asset. The USD is the clear winner because of investor optimism based on the Fed's Hawkish policy decisions, while the JPY faces mixed signals at home. I am only looking for buying opportunities. Right now, we are seeing some bearish pressure, but this is in the short term as not all USD economic information is optimistic regarding the state of the US economy. The fundamental sentiment is in complete control of this and will be for a long time while supply-side inflation is running rampant. If this remains as propped up as it has been, then anything vs. the USD will be shorting opportunities outside of any positive major economic news for the major peers. Then we are trading against strength vs. strength and something I personally like to stay away from and look for cleaner opportunities.
Long
by alldyn_pip_king
2
EURUSD P&F Short Trade Idea(Chart contains more data, compare to EURUSD Japanese Candlestick Chart analysis in link-related ideas) Just looking at things from a P&F Perspective. The last signal was Bearish, and it was one of the most vital trade signals that this charting system gives. The beauty of P&F is that it gives a clear picture of the trend and who is in control of the market. If this were going to go Bullish, then the 45-degree trend-line would need to be broken AND a Bullish counter signal. I don't personally believe that the EUR has the strength to do this at this point in time. **Note** A very Strong Bearish Catapult signal is given here. I expect a minor retracement back to this area and then price action to push back down.
by alldyn_pip_king
XRPUSD (MY) EXPECTATIONS - NOT ASSUMPTIONS!!!Information of the (my) expected scenario is on the chart based on the highest probabilities. Fib walk all the way down from the Monthly to the 1H showing Fib clustering (areas of importance). The market has female characteristics: 1) It does what it wants when it wants. 2) It is always right. A trader's expectations should never turn into ASSUMPTIONS. We should be followers of the market and wait (#PaidToWait - FxAST Indicators). We don't have to be FIRST, we have to be RIGHT.
BITSTAMP:XRPUSDLong
by alldyn_pip_king