STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time...
Yeah thanks Fed. ECB next on the grill. Look for fairly sharp pullback to DIA 247 area, where strong support reaching back intersects the old downtrend. Dunno if the flag will keep waving or another bad break could come up- very dicey now. This is the end of Elliott wave V (leg 3). In My Humble Op, with 4 hikes looking at Fed funds rate near 3% >>> that's the...
Oil is gaining and gaining fast, At the moment we have had a breakthrough now as any trader would want to see is followthrough . I was bearish, with a short in the US02Y but now that view is being tested. I want to see more from this market, In the meantime , this warrants a look at CADJPY , and USDCAD cause of the correlations.
Analysis of important data ametrics for 13 December fed rate hike based on fedwatch - fed funds futures - > www.cmegroup.com COTs data used: non commercial long and short data as % of open interest ...
If today fed hike rates, then hoping for Gold to reach 1179.51 and then will eventually rise up. but slow rise.. But, fed can also extend their decision for next month, so a stop loss of 1211.68.. Summing up all... CMP 1200.33 Target 1179.51 Stop Loss 1211.68
Hello Dear Traders & Welcome To Growing Forex "TRY & REFER THE BOLLINGER BAND WITH RSI" Be Prepared For A Rate Hike Today (1.00%) According To Bloomberg The Sentiments Of The Rate Hike Are 94% & It We Are Pretty Much Sure That They Are Going Hike The Rate, The Average True Range Of Volatility Of EURUSD On Rate Hike Is Approx 100-150-200 Pips (according to past...
Currently, the sentiment of the pair seems to be clearly inclined to a down movement of the price. But we should rather wait until Friday to find out more about what will be the real direction of the pair. Note that the US is strongly considering a hike in interest rate which can cause the USD to grow much stronger. However, the France is currently on crosshead...
Continuation of Channel Down. US $$Dollar Strong.
Tuesday's gains wiped out, potentially pointing to a ST correction
The sideways trade since March 2015 represents the longest period of range contraction since the inception of the euro. Even afer the US elections, the trend remains the same and expecting the Dec 16 , Rate hike by Feds, it might break the major support line which goes as deep as March 2015.
Our long pending analysis and the most sought analysis is Gold. True, people are worried at uncertain times and economic scenario's around them, so they want to analyse whether Gold will be safe security for part of their investments. Before we go into analyzing the Xauusd, Be clear about the fact we are building a case with our analysis considering various...
Assuming she mentions a fed rate hike here is my game plan
Short AUDUSD is in my top 3 FX Trades for several reasons: 1. AUD is considered a riskier G10 currency cross, so AUD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit concurring last week, global risk has increased, this is especially the case for AUD due to...