What's happening Last week marked the beginning of the continuation of the long-term downtrend in safe-havens. The market already offered short-term momentum opportunities at the initial move after DXY broke down the last support at 91.75. Currently, we're experiencing the first stop or apparently a minor pullback in the global risk assets, as each major asset...
General overview - Asia leads FX market and the Western Indices were incredibly boring last week, with DXY, DAX and S&P500 staying in the consolidation. Asian markets continued to advance. In SG30SGD (Singaporean index), you can find some of the smoothest and strongest uptrends. The Singaporean market seems to be relatively strong, along with India, Australia and...
Mixed west with strength in Asia The week started with mixed markets. The US and European markets are still digesting gains staying in the range near their respective key resistance areas. Asian markets show some signs of strength following NIKKEI's recent powerful breakout from the long-term range. Smaller markets like India, Indonesia, Singapore also show...
Elections week rollercoaster After the last week's wild price action related to the US Elections, DXY erased my expectations about any sort of USD recovery. DXY went from the top of the 3-months range to the bottom (currently testing the grey area). The last line of defence before the downtrend in USD resumes is around 91.75 low (Black horizontal line at the...
I believe the first breakout impulse of a new trend in the major assets can start during the next week. DXY broke out the long-term trendline and held above, closing at the border of the current sideways channel at 94.00 (even a little above it). If on Monday DXY closes confidently above 94.00, I'll be surely bullish on USD and JPY as that may signal the...
The glimpse of optimism The market got back to the explicit state of the "certain uncertainty". You can see that the H&S pattern in DXY failed to push the USD higher. DXY couldn't even hold above the key 94.00 level for a considerable time. The sentiment shifted from risk aversion to some hints of optimism as S&P500 managed to recover from the correction and...
Gold might go up to 1,950 first. but we will see in the next hours. Could also start the big down move right now. But It's about to form the handle to the Cup since 2011... which could lead to new ATHs end of the year. Shorttermn Short - Longterm Long
Even after the Bitcoin halving, I have not seen people drawing out this long term triangle. So I thought I'd share this real quick. I drew this as a sketch a long time ago and it has been working out very well so far as you can see! Since I see Bitcoin bullish in the long run and we are moving closer and closer to the breakout of this triangle, I think we can see...
Ok, boring first, as I suspected it would be quite a calm week for USD as it ought to digest its previous downtrend move. The USD has been staying in the range without any hints of what direction the breakout would occur in. So let's wait and see what happens the upcoming week. If there are some decisive moves towards the range boundaries, we can devise a plan...
I tried the chart be as obvious as possible. pay attention and have this picture in your mind
73b for a video service????? come on get serious 1. Easy to copy paste it 2. How much money do you expect companies to spend on video service over long term? Waiting for RSI divergences on multiple timeframes, there is a chance it will go up to 100b and then the real fun will start... with 2 hands & 2 feets i am going to short it there without a stop loss...
I know what I'm about to say is no surprise to anyone at this point. But the markets make absolutely no sense what so ever right now. What's going on? Why are the markets rocketing; Despite 40 million jobs lost, 10s of thousands of businesses closing their doors forever & riots breaking out in over 400 cities around the country... Simple. $2.8 TRILLION dollars...
I wanted to make this post because I think it's important, as a forex trader, to get a sense of the big picture. Too often we get stuck in the scrum, gasping, churning for air, as bigger traders using less leverage keep their positions open, earning profits from massive moves over time. This post is meant to highlight the fact that over the last 7 years, USDCHF...
Look on the behavior of DMI on the previous crashes, it keeps falling while the index is falling as well and RSI builds up a bullish divergence. It does not necessarily mean that history repeats itself, just pointing this out.
A long term view on Palladium price over the next 1-5 years. #Toomanypips Only a possibility based on probabilities - Trade carefully. Read analysis.
Hey there, I will say, that compared to so many on this platform, I won´t dive into all these technical indicators this time and will keep it very simple, yet so much more exciting. So we have been consolidating between 6000 and 8000$ for a few weeks now and had mostly sideways price action. On this chart you see trend-based fibonacci extension using the past...
Hey traders, We can expect a breakout from the channel to the upside. Nice bounce on monthly support (double bottom) and now close to weekly resistance. Good risk reward ratio RRR if you take entries on lower time frame. You will most likely get a retest of the channel resistance after breakout (resistance becomes support). If we don't see a breakout to the...
This is another possible big picture count where we are in a sideways corrective phase which plays out as a triangle. Looking at the fundamental data and at the ECBs willingness to do whatever is necessary this scenario could well play out. Linked to this post is a bullish big picture count and a bearish big picutre count for the German Index.