Correction
NIFTY/INFER - NIFTY Indian Forex Reserve ratio saying it all!NIFTY is up & Forex Reserves are down!
2006 - 2007 after that..?
Early 2015 after that..?
2018 when MIDCAPS & SMALL CAPS started falling after that..?
What is upcoming in next 1 year?
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NIFTY/S&P ratio and what NIFTY did before!Long term view is bearish!
Key points to note -
1. Ongoing Russia - Ukraine war!
2. Highest Inflation after 40 years in most part of world!
3. FED expected to do QT to overcome inflation from September 2022!
4. China Taiwan war (US) tensions!
5. China Real Estate crisis!
6. Economic slowdown of Global markets!
What else required?
Gradually if corporate leaders start under performing to market estimates, and that'll be the last card to fall!
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Do not trade EURUSD today!EURUSD quickly came back up yesterday after the interest rates.
It doesn't give us any selling opportunities right now.
The levels where price is currently trading are considered a strong resistance and that's why buying is also not recommended.
That's why we would rather wait for a better setup and not trade EURUSD today.
Once we see the market breaking out in either direction, then we will have another chance to enter!
Ethereum Is Slowing Down: Elliott Wave AnalysisCrypto market is slowing down as stocks turned down into a risk-off and the USD rallied across the board. So even strong Ethereum is no exception. In fact, we see a drop from 2k psychological level in five waves, so the market is ideally forming an (A)-(B)-(C) corrective decline. However, nothing moves in a straight line so after the current five waves down in A be aware of a wave B rally. Resistance for a bounce is at 1700-1800.
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AUDCAD it will rise to the middle of the channel
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**AUDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURJPY Impulse Wave Correction SHORT from SupplyWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDUSD Local buy from demand zoneWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
It's time to sell EURUSD After forming a new low, EURUSD has now started a pullback.
The best thing to do is to wait for this pullback to end and then look for entries to the downside.
We should watch out for reversal signals around the levels of 0,9976-0,9996.
If price breaks above 1,0090 then this downside move wouldn't be valid anymore.
Bitcoin Detailed Top-Down Analysis - Day 59Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
59 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich