EURUSD Recovering!!! Euro have a GDP above the forecast.
And today the PPI of US was released and the price is following the inflation that was realeased yesterday.
Today PPI (mom) show us a -0,4%.
The prices are increasing in US and Euro seems to start recovering the usual currency price.
We can see the MACD almost crossing 0, and we can see before the price was oversolding, and when the volume started to be higher the price start to have the "correction"
We also have a strong support, that was crossed in September 08, but was just a retest and after that went long
The yellow line is a 1H resistance, that has been constatly tested
The white arrows is our three prediction that could occur, but if the price cross the blue box, the trade must close and it has to be analysed again
America
XAUUSD Inflation data making the move todayInflation was released today.
The inflation has decreased to 8,3%, however the price of goods are increasing and is higher than before, with 6,3%. Don't forget tomorrow we have PPIndex to be release tomorrow.
About the chart:
We can see the first resistance at Fibo 23,6%, and this show us a strong resistance for the next hours.
We calso have a triangle that had already been crossed when the inflation was released.
The BB Line is opening what means we have a large volatility and with EMA above basis line from BB and with a descent trajectory
The MACD also have a good resitance and support already crossed as we can see.
We think the next support that could be crossed is the 1692.699, making the perfect Fibo pattern until the next data released
Market Makers Pump Apple: Crash ComingThe market is going to fall out of the sky soon but money managers can't let that happen to them, a crash is near and they are single handily boosting the price of SPY's highest equities such as Microsoft and Apple (around 7% each of total Spy).
This price action is so obvious to me it's literally funny I officially believe I know what market makers are gonna do at least 2 weeks ahead of them even waking up to brainstorm about it, they're liter idiots with no skills but following the same strategy for 20 years. They will pump SPY using Apple and Microsoft until they can't sell anymore calls into the market with boosted Intrinsic Value, then the market will CLIFF. There will be ZERO buyers and zero support levels because all market makers are going to let retail lose their entire savings while they short on the reverse. This is going to be monumental, they should make me president of the United States after because only I will be able to single handily save the economy from these idiots at big firms who were born into wealth, overgrown manchildren with no balls at all.
USD/COP long ideaReally like this setup. Expecting more pain for emerging markets and using this dollar pullback to start new positions, including this one. USD/CLP looks exactly the same but could be more sensitive to HG moves. Overall expecting a new high test and further breakout, although it is possible another failure up there and pullback. GL
S&P 500 - SELLING INTO 4100The US Session is giving us a clear sign of strong selling pressure. This week is going to be extremely important in terms of earning, also tomorrow we will see the GDP Data coming out potentially lower for the USA.
Volatility remains high so I would suggest using larger SL and lower risk in terms of contracts and lot-sizes.
EURGBP (Why Am I A Bull Today???) Heyz Guyz
Well firstly I see that massive channel right?
Then I see we are in the flag section of the Flag pattern right?
Also if we pull our Fibs out we so close to the awesome Golden Zone that works like 75% of the time in my experience so far right?
Also I entered on Thursday so I need this to go back LOL!!!
Please let me know if I'm just seeing what I want to seee and completely ignoring any bear setups
Thanks
USDJPY LongHey traders, USDJPY already hit the 117 target mentioned in the previous chart, in my opinion i think USDJPY will consolidate now and form another bullish flag before hitting the swing target of 118.
once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.